Ann: Results of Annual General Meeting, page-101

There is only so much you can buy on market before it triggers disclosure. In order to not have a massive price spike due to huge increases in volumes, you would also have to be buying slowly over time, which is of course certainly possible here as there are 1.8 billion shares on the register with management and Airguide accounting for around 17% of it (from memory).

http://www.takeovers.gov.au/content...provisions_in_australia.htm#acquisition_limit

At the end of the day though, any take over offer will need to be based on asset value as opposed to the share price.

After the last resource upgrade AVZ noted 400 million tonnes at grading of 1.6% equated to 6.64 million tonnes of lithium oxide, which sells for circa US$9000 (from memory).

They also quoted 300kt of tin, plus 13,200 tonnes of Tantalum graded at 33ppm.

Therefore any take over offer will be calculated on the value of these resources, minus a discount based on the stage we are at now, costs to production, location, etc,etc.

IMO it will certainly be a heck of a lot higher than 10c, 30, or 50c.

The further AVZ move along the discovery time line, the greater certainty and value they add to the project.

https://www.asx.com.au/asxpdf/20181130/pdf/440tghv3lgwmtz.pdf