Phoar, what a brutal sell-down - obviously long term holders are bailing here. Not much faith in the project.. this is the floor here imo, how fickel ASX punters are.
Dillutionary events are commonplace at this end of the market and very much par for the course. Its just a shame there had to be such a discount to market, and now the inevitable drop to capital raising discount price. More pain for holders, this bear market is certainly taking its toll.
The investment banks, china and venture capitalists will clean up on the ASX as they get our Lithium assets for pennies on the dollar as weak hands submit to the overlords and sell down totally disheartened by the last 11 months of a down spiraling SP to the sector including producers no less.. African green fields the worst hit and easiest for the new overlords to take away from current tenement owners who MAY be unable to resist the downside pressure and hold out until the conditions become more favourable. Its a war of attrition at this stage of the proceedings.
AVZ Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
