well here we are its Wednesday 3rd of November and we are still waiting, bu thats quite ok because the share price is moving in the right direction which is a good sign. However, i think if we dont get it by mid-late this month than there will be some very nervous people. We ll burn that bridge once we get to it.
The other point i wanted to make now is about all the down ramping, shots fired, criticism happening on our thread of the likes of CXO, LTR or SYA and any other lithium stock going gangbusters and holding bigger market caps then AVZ. The arguments go something like this; they are over inflated, we have a better resource, better quality, bigger, they are pretenders etc. etc.
I ve been actually sitting back and cheering "the other guys" on.... I love the fact that these stocks are all market capped in a the billions and rising, LTR is almost $4b and i want it to fly even more because not only is it good for their shareholders, who have made the right call, but eventually this is going to be even better for us because once the ML arrives, guess what!? We will be rerated and no prizes for guessing whose market cap is going to be the floor of our revaluation/re rate, you guessed it, the likes of the above.
Furthermore, if we get ML and more good signs of near term production, i suppose all the good folk at LTR, SYA, etc etc will be sitting there with a lot of unrealised profits thinking where can i reinvest that's now better, more certain. They all believe in the lithium story, they are spoduminers! so wont take much convincing!
So to all you other shareholders, keep your eye out for the ML, and once it hits, you know where you want to be invested! welcome aboard! but wait there's more here, you also get a great/enormous freebie in the form a TIN mine/credits.
Bring on the licence and all the potential new shareholders.
Stay cool and patient!
AVZ Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held