AVZ 0.00% 78.0¢ avz minerals limited

Ann: Trading Halt, page-35

  1. 2,851 Posts.
    lightbulb Created with Sketch. 1312
    I won't be popular here but I think people might be getting a bit too excited about this news.
    Its possible it might be very good news but it also begs the question why would somebody sell part or all of their interest to AVZ when the deposit is on the verge of being developed.
    The risk for me is the more they hold the more Capital they have to find to both pay for the extra interest in the deposit and also the development of the mine.
    Personally I would rather see them farm out part of their interest and use that cash to fund the development of the mine.
    If the mine turns out to be as good as what people think even reducing their interest by a half would still make shareholders a huge amount of money and the risk would be substantially reduced.
    Last edited by bigal36: 17/09/20
 
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.