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AVZ

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78.0¢ avz minerals limited

Ann: AVZ Launches Fully Underwritten Share Purchase Plan, page-87

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zenoah

889 Posts.

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24/01/19

11:06

Post #: 37209561
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Originally posted by setfire2thehive ↑

I'm genuinely surprised at how well the price has held up given the aforementioned.

I think all the sellers are completely exhausted and anyone participating in the spp clearly doesn't want to sell anything below 7's. besides it makes more sense to participate await "the pump" then sell both. if you're a big holder dumping anything but the entire lot will only crater your remaining holdings.

might see 20m-30m turnover today which is a far cry from the 100m's that were flipped historically. fairly low changing of hands when you consider the size of the register.

all that aside struggling to find many positives with the CR and the conditions. hats off to those that had the information. As a company you'd want to have some good news on the horizon. like right on the horizon they're not so desperate that the raise needed to happen this week or even this month so the timing for me is extremely intriguing.

some interesting dates in the investor presentation.
construction in q3 2019? I'm going to call the company and I've already messaged Langford to get some clarity and insights on the situation. despite what he informed me a week ago re: good relationship with huayou can't help but think this has to be avz pulling the middle finger out and indicating they'll push ahead with or without their assistance or interest.

will revert back to the forum with the responses.

for what it's worth the company is now worth less than what the 100Mt of the manono lithium tailings @ .5%-1% sold for.

SF2TH

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I think your right. huayou thought they where in the box seat and could dictate terms and not pretty ones at that with whole market sentiment low and a foot in the door, they expected to get it all cheap. Management have gone down the correct path to raise capitol to improve there and our position. Not keen on the spp terms but i prefer this to selling cheap
imo

AVZ Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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