AVZ 0.00% 78.0¢ avz minerals limited

AVZ Top 20, page-428

  1. 1,414 Posts.
    lightbulb Created with Sketch. 888
    So the best outcome for shareholders would be to have a share cknversion with rights issue into one of these companies? Preferably Glencore?
    And the best way to prevent this from happening would be to raise the share price, and make the resource reflect above fair value?

    The big question on every shareholders mind, is how would this be done?

    My thinking is that we fund internally (no sophistocated SH rights issues or external offers) through to mining. We get costings for everything and make it happen.

    As I said prior to the last CR, the best option is the internal option, keeping sticky fingers off shares as I saw here on the last CR, stickier fingers off any resource segment as I have seen with VMC.and the stockiest fingers away from dampening prospects of share price rises through price manipulation as I have seen happen with SYR.

    But shareholders have had enough of funding a mound of unturned dirt and want a plan in place. There is no point spending more money drilling if we don't actually know how we are going to efficiently extract and then move the resource.

    I still stand by my thoughts that due to resource size and access ability issues, intertwined with inevitable transport costs and transit times, that we should be processing and refining our lithium on site. Labour costs are low, it would give locals skilled jobs and us a doorway to Africa that no other company currently has.
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.