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78.0¢ avz minerals limited

It will be a fund that has an open short position looking to...

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2037

07/12/22

11:44

Post #: 65194604
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Originally posted by th3p4rk2: ↑

I got the same email from the fund buying AVZ off market. They offered a non negotiable 28c and said they have purchased 28m shares at that price already. They also said that their 'market research and due diligence' means they don't believe the stock will trade again until between third quarter of 24 and second quarter of 25. Also said they believe there's a 'sizeable chancel' 25/30% that the worst case scenario will occur where we will lose the tenament and mining license due to DRC corruption. I have been posting here for a long time and buried deep in this stock. Not pumping either way. No chance I will be selling for 28c but interesting to hear their pitch. Not sure why they would be looking to buy 30M shares in a stock they don't think will trade for another year and has a 30% chance of being worthless?? Also of Interest, they wasn't looking to buy parcels under 450,000 shares, less than I had offered so not trying to 'scare me into selling' because they don't want my shares at present as it's under their buying threshold.

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It will be a fund that has an open short position looking to close it.

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