People seem to be going a little bit astray with all this time on their hands to think.
My thoughts as they currently stand: -Yes, this has drawn on much longer than we all expected from the exciting announcements in the start of May. However, nothing as of yet, has fundamentally changed: -We haven't lost any % of the project -We haven't stopped progressing the areas we can progress with the pre-work -We haven't lost any of the lithium in the ground
All that has happened is: -Grubby/dodgy people have tried to misinform the market with false information. -Now that all the hard work is done getting the mining licence, all these grubby people are trying harder to halt the project. -Other grubby people are trying to convince everyone else that the sky is falling in.
The three big items that will shape the share price on open are: -Shorters and funds at their disposal -Funds rebalancing -Large players taking further positions.
-I cannot quite understand some of the people here saying that the price is going to fall through the floor on open. -Mum and dad investors, and the majority of investors here have ZERO effect on the market movements of a stock.
Overall landscape: -Yes, parts of it are grim with inflation, recession vibes and global economy contracting. -However, we are invested in scarce resources with strong demand. -LIT ETF is holding solidly: -LIT prices are holding:
-Against a few of our peers: -Potentially around 25% downside further to meet the worst performer (LKE) -If the sector boosts in the next week, prior to us re-opening, it will make that gap smaller. (doesn't factor in +/- news) -we already have 31% drop from 04/04/2022 Lit highs
(blue line is when AVZ stopped trading)
Moral of the story is that there is a lot of noise around all aspects of AVZ at the moment. But the underlying asset hasn't changed. The reason a lot of people invested (the lithium) hasn't changed.
AVZ Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held