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06/03/18
13:42
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Originally posted by TheAviator84
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I agree we need to move forward with a binding offtake agreement to get the SP moving. Takeover speculations have been done to death with nothing eventuating and IMO thats one reason people are moving on. The other is that we've been hyped up massively WRT the size of the resource and rightly so (but unfortunately I think it was all a little too early) and I think the mammoth resource size was somewhat baked in to the SP. Continual delays with drill rigs didn't help and investors moved on. Dow correction and bogus lithium oversupply fears didn't help, but there's a reason today's announcement hasn't put a rocket up the SP. We need something big to get this thing to full potential, binding offtake, JV to take it to mining. Until then I think we'll move sideways gusting upwards with assays. All that said I'm here for the long run. All IMO
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Only 2 holes released showing depth and no assays released yet.
Patience!
AVZ is at the start of a major re-rating as more results roll in. This is just the beginning.
The results released thus far is not enough (yet). Track other resource stocks and y0u'll find the same behaviour.