Ann: Trading Halt, page-145

My take on all this with my timeline, in my very amateurish opinion.

WA Time
7:00AM-1:00PM AVZ down to 23.5c : market is disappointed with the lack of news from AVZ, promised updates on drilling, mum and dad are becoming concerned. Sell-offs in the US also mean investors are freeing up money, read an article that this may be the beginning of a bear market. NOT trying to down ramp, never have, but I think it's important to keep a level head, it could very well be time for the market to turn after astronomical profits in 2017. Furthermore, and this I have to call out as the biggest load of BS I've ever read, some HC posters seemed to think that the Chinese weren't impressed with what they saw in Manono and relayed that message straight away while on site, to prompt a sell-off... please...in consumer behaviour we call that the Innuendo Effect, but if you're selling on that assumption, you're in the wrong game.

1:00PM-2:00PM Superninja begins Twitter rant : This was amazing. I concur fully with what another poster said, ML is not stupid, he knew what he was doing. At first I thought maybe with a time difference he was super drunk and took to twitter, but at 9:30AM Manono time I doubt he was. It proved to all the weak hands what we ALREADY KNOW. This thing is legitimate, its massive and its of a world-class grade. It confirmed:
-Drillholes 3, 6 and 7 were complete and massive
-One assumes 4 and 5 are complete too
-Manono actually has infrastructure, we saw buildings, power, houses

2:00PM onward AVZ investors all of a sudden remember how amazing the deposit is. FOMO builds overnight. Market opens and stock rises to 25.5c (and gaining momentum) before TH.

My take on the Trading Halt. Are AVZ management and by extension SuperNinja testing the boundaries of the ASX disclosure terms? YES. Should management be a little more proactive with announcements? YES.  HOWEVER, clearly the drill holes were kept and being prepared at Manono for BNBT's arrival. And wasn't it a sight? We could have had an announcement last week 'drill hole 3 complete and ready to board a plane' and then this week, 'drill hole 7 complete, 3s samples still on tarmac...'. I for one am happy that the Chairman was able to see the full potential of Manono. Trading Halt's take time to enact, as per h00ts' post, last time it was 5 hours. The company likely requested a Halt evening in Manono, 5 whiskeys deep with the Chairman. Make of that what you will. I don't believe this TH is due to a price and volume query.  This isn't a speeding ticket.

My prediction:
-Tuesday AVZ announces drill-holes 3,4,5,6 and 7  have been completed
-All have been sent for assaying in Perth
-BNBT will sign JV pending JORC
-SuperNinja to receive a stern talking to by management about his posts (already deleted)
- Price 28c on open, 30c+ on close

I also think AVZ will be keen to wrap something up soon. SuperNinja has been doing a mountain of work for AVZ, but he's also going to be tied up with WFE. JV or TO is the end game, and I don't believe it'll be that far away, couple of months if not weeks.

ALL IMO

just a reminder: