What is interesting to me is that Global Lit ETF, the litmus test of the lithium industry not only added to their 43 plus million plus AVZ shares during this rally over the past two weeksbuthave NOT taken any off the table despite the SP rising over 30%!; now 50%!
What this tells me is that it is mad to sell, with the many short term SP catalysts ahead. In other wordsGlobal Lit are waiting for maximum share price appreciation!
What is also interesting is news of AVZ now increasing their exposure on the conference circuit.(letters to shareholders asking them to attend meetings in different states and increased notices of conferences for instos and sophs exposure) That tells me AVZ now have something more concrete to sell.The dots are being joined, the signatures are being signed!
Exciting time to be holding AVZ!
AIMO
Global Lit ETF Performance Below:
Short Term Catalysts:
-completion of metallurgicals(will potentially show further how and easy AVZ spodumene can meet new generation battery grade specs)
-AVZ increasing stake from 65 to at least 75-85% increasing economic bottom line and better positioning AVZ for funding/offtake
- offtake(Chinese-Yibin et al./Non-Chinese)
-AVZ tax holiday
- DFS Q1 2020
-funding(Chinese/Non-Chinese)
- SP moving up further on Global Lit ETF recovery
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Dani Nadri, Country Manager Australia
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