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95 Posts.

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05/06/18

13:53

Post #: 33503689
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Originally posted by Cosmoterios ↑

The stock was always sustained by HYPE that someone (the Chinese) was going to takeover by paying a premium for the resources.

But if one was analyzed the transport requirement - it was easy to see how challenging it would be, to get the resources out.

Just have a look at the challenges they faced in getting the equipment in, just to drill those holes - check out the months and months of delays!!!

As I have previously said, this look so similar to SDL resources, stuck in the middle of nowhere.

If AVZ management can not find someone to buy it, or should I say - flip this asset, they will face tremendous challenges in raising the money required and getting the necessary equipment in, to build a production facility there.

The last few days of selling (huge volume) has shown institutions have woken up to that reality.

And like SDL, when they dump - they dump quickly.

The smart traders did not buy into the HYPE from Twittersphere and have taken their money and run.

The late comers and true believers are stuck, hoping something magical will turn this around.

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So you're saying that institutions whose daily function is investing and trading stocks fell for the hype around this without doing their DD?

I appreciate the alternative views (you and others others were right re ASN) but not sure that this is the actual case here...

AVZ Price at posting: 12.3¢ Sentiment: Buy Disclosure: Held
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AVZ production, page-32

Top Stories

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Shekel Brainweigh investor presentation webinar – the future of retail automation

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

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