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78.0¢ avz minerals limited

Ann: Trading Halt, page-134

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cashcity

2,548 Posts.

752

01/05/20

17:09

Post #: 44386177
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Originally posted by BOT: ↑

Let me put this back to you. How many Australian companies with an overseas 'flagship' project have gone from explorer to miner and in process delivered shareholder returns? Let's not even talk Africa. Try 'about zero'.

On that basis and the massive amount of dilution, execution risk, economic environment, and lack of management track record, I'd say the probability of meanfulingful shareholder returns over the longer term are also close to 'about zero'.

Fair enough if people want to have a punt like on the lotto as miracles can happen. But you'd never see somebody buying a scratchie claiming it's a sure jackpot win. However that is precisely what is going on here. Have you noticed that none of these supporters ever talk about risk. They claim there is none. This is precisely why so many people lose money in the stock market. See my signature.

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Nobody talks about the risk of walking down the street and getting hit by a car also BOT, so it's a "risk" as you put it to walk outside yeah ?

Most here Understand the Risk by now as it's been pointed out many many times over the last 4 years

Although it does seem less risky to me than 4 years ago

Enjoy the Weekend all.

GLTAH

AVZ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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