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Antyo

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11/08/20

20:53

Post #: 46465979
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Originally posted by Convel: ↑

Ok, factor in this-
I am cautious when holding stocks at this stage of development and share dilution where I might have to hold for another 2-4 years.
Ive seen too many stocks go through the cash raises for potentially distracting side projects, overheads or all existing project running costs each year use up the money, on-going cash raises, years drag by and management keep collecting their annual salary.
It Happens all too regularly.

So potentially in two or three years the oversupply will turn to under supply, okay, keep in mind that your statement is speculation at best.
i’m not even going to speculate on the price of lithium and here is why.The price of lithium as a catalyst to get this stock up and running in two or three years is not the ignition this stock is simply missing by itself.
To add to your speculative future prediction, a mine that relies on Global Over-supply of their resource to provide economic feasibility whether the mine is producing or not is quite an unstable business.

Elon Musk has publicly spoken about a fundamental target for their business model and production is connected to having access to cheaper lithium prices as cheap as possible in the coming years.
For EV manufacturers to increase production of vehicles and take market share away from ICE vehicles, one of their targets and hurdles is securing access to cheaper lithium prices.
Cheaper lithium prices is not the only hurdle or target for EV manufactures over the coming years to increase sales of electric cars.

See what can happen, GL.

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FID is next month. I don't think you can make a decision to mine without funding. We will have our answer in a few weeks time. Plenty of stock available at prices that will be considered cheap if we proceed to mining. You aren't going to convince anyone here otherwise. We are too close.

Last edited by Antyo: 11/08/20

AVZ Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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Running discussion on SP, page-30926

Top Stories

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Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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