Imo hot money has left because it knows there is unlikely to be any $$$ news regarding AVZ until all contracted drilling is complete, assayed and used for JORC calculation which is months away. Price was being held up before because of the feeling that “any day now” there’ll be a takeover or other delicious Easter egg.
I think we’ll see a return to the 20s and 30s after that. Maybe before too. Going to hold. Patience is key. Haven’t invested much before in mining but can see historically other lithium plays all see these declines followed by steep ascents.
Good luck all. I’m setting up an SMSF with Esuperfund and will probably throw some in on AVZ when that’s all set up. Will probably wait for the chart to start trending up though, shouldn’t buy in a down trend. Imo
AVZ Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
