Like it or not AVZ is a "meme stock" for many. Those ill-informed nitwits will dump on open.
Then you have the regular, run-of-the-mill nitwits. They type in here who value a random poster on her or twitter over an official release from the company. They'll dump on open.
Then you have the investors who have to sell because we were removed from the ASX 300.
Doesn't matter what announcements are made. All of these factors will apply downward pressure to the stock price.
Not that that is necessarily a bad thing. It will provide a buying opportunity for those of us that believe in the long-term success of AVZ.
But once the above nitwits and investors have cleared out the price will rise again. My expectation is that after a month or so back to the $1.30ish mark, and then a steady rise over 2023 to the $2 range as we march towards production.
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