F.....g China buying up everything they can . They are in the process of controlling the lithium market , the same way they have done with rare earths . There had been a noticeable lack of reference to China in several AVZ updates earlier in the year re funding / financing that had been positively noted here . A quality cornerstone investor from anywhere else apart from China on Monday , & we would be 50c plus today imo .
CATH & Mr Pei now own 24% of the project . In other words we sold 33% of what we used to own . Now more than ever we need that extra 15% , hopefully on offer .
The 1 percent majority of 51% means sfa when you think about the level of Chinese involvement that was already on our register .
There is still upside here which is why I will continue to hold , but not to the lofty heights I had hoped for . Sorry guys , frustrated holder here after Mondays announcement . This will be my last rant about China .
AVZ Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held