What your forgetting is the Chinese bid before project economics is actually proven. Even if hole 1 and 7 come in good most private sector companies will wait to a JORC resource is proven with significant resources making there way into the 'proved' and 'probable' category. The Chinese are different - 'inferred' and away they go - sometimes it works, sometimes it doesn't and I posted as such previously -see Post #: 26787159. For others to understand what I said here is a JORC map to understand where the Chinese are actually likely to bid IMO and that will IMO mean no more than 30c a share - "inferred'. Private companies generally bid when a resource is in the 'proved' and 'measured' category or the mine is in production IMO.
Agree, noting the above the only way AVZ will get a higher takeover price IMO is if a non-Chinese entity bids but not many non-Chinese companies bid at an 'inferred resource stage'. My thoughts on that were in these two posts.
Post #: 26819229
Post #: 26820384
A bit confused here - I thought the assays for hole 1 and 7 were to be done in South Africa, so pleasantly surprised now to be done in Perth. Maybe my memory is failing me again.
All IMO
AVZ Price at posting:
13.0¢ Sentiment: None Disclosure: Held
