AVZ avz minerals limited

AVZ production, page-17

  1. 19,072 Posts.
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    The stock was always sustained by HYPE that someone (the Chinese) was going to takeover by paying a premium for the resources.

    But if one was analyzed the transport requirement - it was easy to see how challenging it would be, to get the resources out.

    Just have a look at the challenges they faced in getting the equipment in, just to drill those holes - check out the months and months of delays!!!

    As I have previously said, this look so similar to SDL resources, stuck in the middle of nowhere.

    If AVZ management can not find someone to buy it, or should I say - flip this asset, they will face tremendous challenges in raising the money required and getting the necessary equipment in, to build a production facility there.

    The last few days of selling (huge volume) has shown institutions have woken up to that reality.

    And like SDL, when they dump - they dump quickly.

    The smart traders did not buy into the HYPE from Twittersphere and have taken their money and run.

    The late comers and true believers are stuck, hoping something magical will turn this around.
 
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Currently unlisted public company.

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