There's is this interesting anecdote: The father of Bill Gates asks both Warren Buffet and Bill Gates to write down the most important word for them. They both write down, without knowing what the other thinks, the word: focus
I spent more than two months researching the Congo, China, Manono and AVZ management. Why should I buy any other lithium stock? Just for the sake of diversification?
I am buying some cobalt and copper to diversify. And I'll probably sell some AVZ in the near future to be on the safe side and feel comfortable for the rest of this year.
My thesis: within 24 months this project will be sold in its entirely to a Chinese consortium. That's why I'm investing in this one. No J-V, no mining. Just a "simple" transaction.
Still lots of risk, but less risk IMO than most other lithium stocks on the ASX/TSX.
AVZ Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
