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Beobachterund

1,227 Posts.

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05/04/21

19:04

Post #: 52255084
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Originally posted by Sammael: ↑

I'm not so sure about that, we've been hearing a lot of sentiment that we are way undervalued for the past few months. I got caught up in this as well but the reality is different, the market seems happy around 20c.
Best not to remain caught up in a fantasy imo, it's only setting one's self up for more disappointment.
It'll rerate on something no doubt but there's also every chance the share price might remain fairly low until we see if anyone is willing to finance the project and then every chance it'll still remain low until we're actually producing. Hopefully not the case but it's been known to happen.
We've always had to fight for every small rise since I've been on board with this stock, that hasn't changed so far. It took every piece of news last year until finally a rerate at Christmas. Remember the price was 10.5c in Feb 2020 and after covid crash it was around the same in December.

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The reality is as you described,that is the now, but doesn't change the point, that AVZ is undervalued!
Please get me right, I must realize as it is, and it is around 20C, fully agree to your point...
All the OT's done are massive and hard to compare to any other lithium play at the moment,because I don't know how could be used to compare, as nobody excist.
The need to have the brakes off is definitely the fact, that we need the mining license and FID.
These are the reasons, why the market is still careful.
Hope to get news tomorrow...
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AIMO!
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BEO

AVZ Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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