Running discussion on SP, page-10154

Van Eck won’t be joining us anytime soon again IMO & that’s cool all they did was INDEX rebalancing ..... it’s not their money unlike our mates @ 25c


The Board of AVZ Minerals Limited (ASX: AVZ) is pleased to announce that it has mandated Cantor Fitzgerald Canada Corporation (“Cantor”, part of a global financial services firm, to manage a $15 million capital raising. Cantor has received a firm commitment for 100% of the placement from one of its North American institutional clients.
The placement will comprise 60 million shares at an issue price of 25 cents per share, together with 30 million attaching options exercisable at 30.5 cents, expiring 24 months from the date of issue, to raise $15 million. At settlement the investor will hold approximately 3.2% of AVZ issued shares.



Now as it states “ One of its North American institutional clients”

15 Mill with Options that have not been exercised That I know about.....

Management states

Our existing and potential Chinese partners have told us they are looking for advancement of the project prior to making further commitments, and we are now funded to achieve this goal.”


Aren’t we lucky now we have

INITIAL MINERAL RESOURCE FOR THE ROCHE DURE PEGMATITE IS REPORTED AS 259.9MT AT 1.63% LI2O CONTAINED WITHIN APPROXIMATELY 50% OF THE TOTAL STRIKE OF THE ROCHE DURE PEGMATITE

&

SCOPING STUDY PROGRESSING WELL TO FAST-TRACK PROJECT DEVELOPMENT

Due August anytime possibly along with OT /JV

Exciting time to be holding

GLTAH