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78.0¢ avz minerals limited

Ann: AVZ to increase equity stake in Manono Project to 75%, page-254

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Roller62

8,980 Posts.

2107

22/09/20

16:26

Post #: 47539205
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Originally posted by jonatb: ↑

I originally took position in Nazuri Copper/Cobalt project sub 8c. In the end had a $500m npv and it got taken over for $100m. I felt that was a great result. Many people thought $200-250m was a givin kinda like how some are talking here of rediculas future 20-30c share bla bla bs.

Its been a longggg time since I got out of AVZ. My original holding had an average under 3c but averaged out in the double digits. I think anyone currently holding has very minimal upside after all the time and dilution this company has accumulated.

So ya I think projects can do well in DRC as previously stated. AVZ is in a terrible location in terms of violence to your north and bordering countries. Add on from a logistical point of view its overvalued for what it is.

Am I interested in the project? Absolutely I once held a considerable position and would consider again but I will patiently sit on the sidelines for 2-3c otherwise no thanks.

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It takes a long time to prove up the largest hard rock lithium deposit on the planet.

You are funny how you say AVZ is in a terrible location when you are holding the shares that you do. Like the kettle calling the pot black.

I assure you the price isn't going where you say, so I guess you have to watch from the side lines.

AVZ Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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