AVZ avz minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-72

  1. 414 Posts.
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    The gold price going bonkers reminds me of what's happening now with lithium. Even though the dramatic price increase was over a longer period of time the greedy human behaviour is similar. Gold went from $400oz in 2006 to $1,900oz in 2012 and people went a little crazy, they'd beg borrow or steal to melt down jewellery. Previous gold deposits that attracted little interest because they were uneconomical to mine, were now in high demand and created a frenzy amongst mining companies. Sounds like the shenanigans going with lithium and AVZ

    Nothing like a dramatic commodity price increase to bring the best behaviour out of competitors and greedy officials.

    Even the old gold price chart (2006-2012) reflects the lithium rise, unfortunately with the rise comes greed
    https://hotcopper.com.au/data/attachments/5235/5235124-6dd60c72b82279c97db0d6b0f81fef9e.jpg


 
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