a) They didn't want the market to know the size of this until...

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john_utah

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21/12/23

09:41

Post #: 71562377
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Originally posted by sf120: ↑

drill results from years ago announced now - why?

a) They didn't want the market to know the size of this until they had ownership
b) they now want to trash any suggestion that exploration wasn't done
c) they now want to seek a big payout for anyone who wants to buy the northern area, as previously alluded to any deal on the north will have benefits paid to AVZ; this is the foundation for that benefit

so in hindsight, had they not drilled they would have none of these benefits... so in sighting the BoD has served us well.

The only thing missing is the boom in all of this, this will come and once again in hindsight we will see that

A) AVZ weathered a massive down-turn to our benefit
B) AVZ came out at the right time trashing all short holders and massively benefiting the longs
C) AVZ developed the largest mine with the lowest operating cost giving us the Saudi equivalent to OPEC as we are to lithium.

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a) They didn't want the market to know the size of this until they had ownership - Then why did management give it up?
b) they now want to trash any suggestion that exploration wasn't done - 11 drill holes sunk, at what... say $200/m cost? + assays, maybe a couple of mil.. ? Not exactly overwhelming... And I'm pretty sure there is plenty of historical drilling done by the belgians with details on spodumene content.
c) they now want to seek a big payout for anyone who wants to buy the northern area, as previously alluded to any deal on the north will have benefits paid to AVZ; this is the foundation for that benefit - Again, why did management give it up for free then?

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

2 Great analysis

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