AVZ chart, page-11081

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h00ts

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25/09/21

15:19

Post #: 56346740
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Originally posted by keatz ↑

Appreciate your posts but also do not really understand the comment "Quite amazing its back near its all time high given a gazillion more shares on issue this time round after that Pattos cap raise disaster". I thought you remained impartial and just posted charts every now and then but this remark on the FA i feel is a bit strange.

Do you look at things purely on a TA basis or a FA basis as well? Just seems like a weird comment to throw in there when AVZ is at a completely different stage to when the Pattos raise occurred. I enjoy your charts but that is a silly comment when the whole Li landscape is different and AVZ has progressed through many hurdles since, including 3 massive binding offtakes.

I believe many here including myself were always playing the long game, knowing that a rise in Li demand was inevitable and prices were always going to correct. YES, there was a massive slump which tortured a few here for a while, but AVZ is at a great stage, timed perfectly, and about to make the transition to producer. The Pattos raise is in the past, it did however stop China from getting control of this company and leaves us in the good position we find ourselves in today. If we had done a raise with a Chinese cornerstone we would be a lot more vulnerable at this point than we find ourselves.

I wouldn't say the rise back to these levels is at all a surprise to many of us here. This is just the start of AVZ and the long game many of investors are playing. As Elphas posts highlight, AVZ still trades at an enormous discount.

As i say i enjoy your views on the charts but if you are going to say you are impartial then those comments seem a bit off.

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I mostly just comment on T/A but sometimes I qualify what is happening on the chart with relevant past events - So you can look back at how many shares were on issue when it hit its all time high and compare that to how many shares are on issue now

I wont rehash it all again but I commented on the Pattos raise when it happened - I correctly predicted how it would play out and I remember most of the stockholders were extremely unhappy at the time suffice to say the share price would be considerably higher today than it is because of that debacle

AVZ Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held
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