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78.0¢ avz minerals limited

Ann: Manono Project Receives Favourable Technical Opinion, page-185

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lmckenzie2

592 Posts.

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15/04/22

12:21

Post #: 60870913
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Originally posted by Zardoz: ↑

The ML is a slam dunk now but as an ex member of acquisition teams for two majors, what institutions will buy when the market value for 51% is already over $4 billion and Nigel doesn't have a tax deal with the highest taxing nation in the world, though he's said it was imminent for how long now -18 months? oh and it's also DRC.
I'm sure the Chinese want it and that is where it should have been long ago. But still $4B. Lots of scuttlebutt that it is overvalued and people have got too excited. The Board never expected figures this high. They expected a takeover at a lower price long ago, but no non Chinese organisation was interested.
Should we even believe his crew given the lies about the licence being imminent when they definitely didn't have financial capacity?
plus other risks out there for those of us who have read the FS.
I've sold. Risk vs return.

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AVZ Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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