Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

0.00%

78.0¢ avz minerals limited

Ann: Trading Halt, page-60

First 60 Last

Share
Profile

Follow
Exceller

1,458 Posts.

126

27/04/20

13:11

Post #: 44278554
Share

Originally posted by Freehold: ↑

For a moment there I thought they may have penned a deal on the Lithium (and small amounts tin) present on the vast waste piles surrounding the pits. But a alas a massive deal for another time perhaps when we are flush with cash after producing (in yr 2 ?). I think of all those millions of tonnes of pre-mined and crushed ore sitting on doorstep of the plant. Extracting lithium from that would drop operational costs I suspect. Most tin extracted from it already but everything else still in it.

On Halt frequency ...I have no problem with it. But I can see how it mucks up the STT'er and DT'er trade plans. After all lets admit it its been a fav of both groups since initial acquisition announcement with high % moves and liquidity. I would say 90% of team D/ramp are part of former 2 groups. Its only a matter of time before they get caught with pants down and this would be the cost of doing business I suspect for them. Being a LT holder I like it when mgmt are unpredictable as it crimps the ability of hot money to profit. If it becomes unpredictable then traders will start look elsewhere for an easier mark.

Expand

Some of the recent trading halts have been insignificant in content and have merely denied fair and reasonable trading to be conducted.

The contrived timing of these trading halts has coincided with bad news for the company, or large drops in overseas markets and has artificially stabilized the share price.
IMO this abuse of process may have negatively impacted shareholders rights to act upon local and global events affecting their investment.

I'm certain that if this behaviour became typical on the ASX, everyone, including AVZ uprampers, would be in uproar.

AVZ Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
11 Upvote

3 Great analysis

Reply

Top Stories

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

There are more pages in this discussion • 105 more messages in this thread...

First 60 Last

Add AVZ (ASX) to my watchlist

Ann: Trading Halt, page-60

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Canadian fieldwork yields multiple pegmatites for Trinex

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Featured News