Ann: Extension to Voluntary Suspension, page-224

People seem to be going a little bit astray with all this time on their hands to think.

My thoughts as they currently stand:
-Yes, this has drawn on much longer than we all expected from the exciting announcements in the start of May.

However, nothing as of yet, has fundamentally changed:
-We haven't lost any % of the project
-We haven't stopped progressing the areas we can progress with the pre-work
-We haven't lost any of the lithium in the ground

All that has happened is:
-Grubby/dodgy people have tried to misinform the market with false information.
-Now that all the hard work is done getting the mining licence, all these grubby people are trying harder to halt the project.
-Other grubby people are trying to convince everyone else that the sky is falling in.

The three big items that will shape the share price on open are:
-Shorters and funds at their disposal
-Funds rebalancing
-Large players taking further positions.

-I cannot quite understand some of the people here saying that the price is going to fall through the floor on open.
-Mum and dad investors, and the majority of investors here have ZERO effect on the market movements of a stock.

Overall landscape:
-Yes, parts of it are grim with inflation, recession vibes and global economy contracting.
-However, we are invested in scarce resources with strong demand.
-LIT ETF is holding solidly:

-LIT prices are holding:


-Against a few of our peers:
-Potentially around 25% downside further to meet the worst performer (LKE)
-If the sector boosts in the next week, prior to us re-opening, it will make that gap smaller. (doesn't factor in +/- news)
-we already have 31% drop from 04/04/2022 Lit highs

(blue line is when AVZ stopped trading)


Moral of the story is that there is a lot of noise around all aspects of AVZ at the moment.
But the underlying asset hasn't changed.
The reason a lot of people invested (the lithium) hasn't changed.