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78.0¢ avz minerals limited

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BlueSkies1711

3,380 Posts.

729

04/07/21

12:53

Post #: 54267394
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Originally posted by Powerage: ↑

While the CR has clearly ruffled some feathers here, I'm reasonably sure that NFs overarching plan / expectation was that the SP would have been in a healthier state after numerous OT Anns (enabling less dilution), and to be fair, I would have expected the same.

As he said a couple of times at the Sydney presso, we can't trade insolvent, so a CR was a necessity to get us through to finance approval / draw down / FID. Add to this the pressing need and time line for the option on the additional 15% of the project, and well, not much choice as far as I can see - Sure they could have raised earlier, but at that point, there may have been more than a glimmer of hope that finance would have been approved with an early tranche available for Opex pre capital works - who knows.

I for one am broadly satisfied that they're doing the right thing (or at least trying to) and at the end of the day have taken us from "less than an explorer" facing a legitimate court case over ownership rights, to a soon-to-be producer with a 75% share of the worlds largest deposit of a commodity now widely reported as facing a "perpetual shortfall". Think about that, an extra 15% ownership of the worlds largest source of spod (which has just risen 5% in spot price!).

If I look at the impending news (all expected within the near term):

75% Ownership Confirmation
FEED
MSEZ
ML
FINANCE
ODFS (taking into account new spod price assumptions, optimised transport rates, tax breaks, increase in resource / LOM etc)

Then overlay the Macro (see below 5% increase in Spod - and this is just the beginning). I'm reasonably comfortable that our re-rate from these levels is inevitable.

Onwards an upwards.

Powerage

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Thoughtful n balanced
I have no problem with management I just have a problem with what happened to The SP I do NOT blame the management for this
i hope all who have concerns with the SP have been reporting their views to ASIC REGARDING THE share price capping/unusual sideways action particularly leading up to the CR Last 8 weeks and the funny business on-going with the SP from March after the 2nd OT announced

management can't control the external factors of a trader capper... we can by reporting it
I don't expect the missed timelines to have caused the SP slip from 23 cents all the way down to 13 cents... think about it... and report it, the more complaints re MISCONDUCT, likely ASIC will sit up take notice and prioritize...don't be complacent thinking " shell be right it will fix itself"
Don't forget the 16m spoofer @99.5c recent as May was removed by ASIC.. that's because some of us on here showed concern took action and reported it

"Nothing ventured nothing gained"

AVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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