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78.0¢ avz minerals limited

great announcement today but share price remains flat.?? working...

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PASBOZ

5,890 Posts.

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20/11/17

22:04

Post #: 28965326
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Originally posted by 8horse ↑

The budget for the road infrastructure was US$300m, and further US$45m for hydro power plant, two JV partners (30% and 10%) are responsible for funding.

ML, estimated total capex including infrastructures are around US$650m, so capex for AVZ, would be around US$305m for 4mtpa. This is far early stage to be able to estimate accurately, imo.

Dathomir owns 10% of Manono project, and also holds 240m AVZ shares.

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great announcement today but share price remains flat.??
working hard for the 15 day VWAP .AGM in 18 day time.
A 10% to 15% placement facility at 25c to ??? just may cover the US$305M .

AVZ Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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