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78.0¢ avz minerals limited

Ann: AVZ to raise $15 million to fund further work at Manono, page-124

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Dom74

1,055 Posts.

744

26/02/18

11:20

Post #: 31341652
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Originally posted by Kikker1959 ↑

Come on horse , call it as it is. This is not what was expected. Pump was there big time, Easter eggs, BMW deal, big Chinese JV, producing within 12 months as the Chinese build railway stations in 9 hours etc etc. Nothing wrong worth he $15m, miners need money. The fact is that this project will take years and years to complete. No TO on the horizon, just slow grind. The SP will slip back to low 20s IMO as most people have no patience. Money will flow to other specs or to close producing miners. TAW, AJM, PLS imo.

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If there is a TO, I don't see it happening now in the next 12 months, which works well for me as it reduces my CGT liability.

AVZ Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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