AVS continues its march upwards. Quite an orderly step up with a lot of buying support both visible and offscreen. May be fake sellers capping/slowing the rise for accumulation purposes. Am still topping up with caution but its getting more expensive by the day. Always good to stay wary no matter the trend. As Rick Rule says “don’t confuse a bull market with brains.”
Seeing the strength of the push past the magic 10 barrier I would hazard a guess that there is more in store. Much like the resource with a maiden hit bigger than anything seen on ASX. An uptrending stock with awesome FA is a dream. With the wind at your back and riding the wave for gains can be much easier. Potential prize is massive if they can pull it off. Targeting world’s biggest high quality resource in terms of size and grade.
Some may think Oh 10 bags already its run too far. History tells us stocks can run much further than anyone imagines(Hypergrowth stocks) if the variables are right. Examples?
PLS Hit 87c
GMM Hit 90c
EMH Hit $1.37
SIR hit $5
PDN hit $10
BAL hit $16
AVZ?
Chinese market is huge. An easy to understand mass market idea, grand EV plans backed by government and industry, coupled with a possible world biggest high grade resource target in the works. What a compelling story, and should have legs to continue.
BAL another mass market story ran a huge $1 to $16, with much demand fuelled from China. And lucky for AVZ holders the Chinese market is a key focus of Langford and Co at Airguide.
Big companies have invested in this country and make social investments along with mining operations. I can see Blackrock has investment with Katanga. Mining investment is a chance to help the people and economy greatly and be part of the solution rather than problem. Think of how beneficial the mining boom made our economy here in Aust. New lithium mines in WA are welcome with open arms, helping create many jobs and boost the economy.
http://uk.reuters.com/article/uk-glencore-idUKTRE71O1AX20110225
Langford also has skin in the game on AVZ. He had some nice base hits, lining up MOUs etc. This could be the one that hits it for six, out of the park for investors. Home run, if not already for some.
The late great investing guru Mark Douglas said think in probabilities when investing. How likely is it that others will come in and take it higher. The Chinese have shown their hand early, and are gearing up on this one, and we can only imagine how big those markets, pockets, and plans are. Look at how long BAL ran for from $1 to $16. The economy of China, its population and potential demand are huge. Shenzhen city the technology hub where many battery makers reside, has 10 million people.
https://www.theguardian.com/cities/...satellite-images-china-fastest-growing-cities
China need to secure the raw materials supply to feed the production capacity for their battery and EV growth plans to actually eventuate.
Market is looking for more confirmation with 6 more drills within the next 2 weeks. With one drill hole the discovery puzzle is not yet clear, but the prize is. A market leading tag. “potentially biggest in the world”. An untapped deposit, that may prove bigger than the legendary Greenbushes. With more news the story will become more complete and more widely known, the market is still putting a value on it/re-rate mode.
Just hope AVZ will stay free long enough to have its days in the sun. My money is on an eventual takeover, and new owners doing the mining. Early takeover would not see fullest potential for holders. Hold out as long as you can please management. Spektakulär deposit. Ruhig Bleiben Klaus, (stay calm)
So IMO, doubtful this is a maiden one hit wonder, the throngs are still clambering onto the register. With all the historical data on hand, being so early stage with more newsflow and pieces of the puzzle its probable to go much higher. Airguide calling 20c.
