When a company has delivered its DFS, funding happens quickly after this, as we will see with LTR. In the past this might have been delayed due to global macro economics, such as oversupply, but for AVZ their DFS , delivered WELL over a year ago would have been moving towards the sweet spot. It is recognised that they have the largest resource, but that does not mean it gets mined in the near future, when other options are available that tick all the boxes not just one. Not having finance after 15 months of DFS delivery would be an answer for investors that it is not as clear as they come. With the small $40m raising they got recently, which appears to be dominated by Chinese interest, will spook even more financiers. This will fall into Chinese hands, which ultimately could mean that the resource is developed faster as I back China over Nigel. The Europeans and USA interests will secure their supplies from Canada and WA and LTR is first cap. Watch this space. AIMO
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Price($) | Vol. | No. |
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