AVZ’s Executive Chairman Mr Klaus Eckhof said “We are committed to an aggressive work schedule to advance development of Manono as quickly as possible". I hope that Klaus and Co will back up their words with concrete actions.
Just 4 weeks ago, they announced that "it is expected that JORC compliant resources will be calculated in early Q2 2018", just to change the tune less than 4 weeks later in today's announcement "Phase 1 drilling program to be completed in mid Q2, along with definition of an initial 2012 JORC compliant Mineral Resource estimate". Their timing has more elasticity than the rubber band.
AVZ Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held