Bailllta, thank you for your sane post. I too am a long term...

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dossantd

8,101 Posts.

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05/09/22

21:10

Post #: 63531021
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Originally posted by baillta: ↑

From reading much of this thread all I can say is it's scary how uninformed some people appear to be despite investing (presumably) thousands in the stock market.

The facts:
- The ASX indices are updated quarterly. At the time of the last rebalance AVZ had only just been suspended.
- One of the key factors around admission criteria is liquidity. Despite passing the Market Cap hurdle AVZ is and continues to be suspended from trading hence its removal.
- Institutional investors rely on these indices for many of their products (eg. ETFs, mutual funds etc.) and thus upon relisting we can likely expect a sell down of shares (and subsequent drop in share price) as a result of AVZ's removal from the ASX200/300. This is not the end of the world nor is it an indictment on the fundamental quality of the project (assuming the ownership dispute is resolved in AVZ's favour).
- Upon relisting you will still be able to trade AVZ shares regardless of their removal from the ASX200/300.

Full disclosure - I am a LT holder (since 2017) and will continue to hold - the project will go to mine and I'd like to be there when it does. I understand that others are frustrated by an inability to access investments however some of the comments I have read have been borderline hysterical.

Be patient and GLTAH.

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Bailllta, thank you for your sane post.

I too am a long term holder and only see the coming period with clarity and a time when many weak hands will sell and through these incredible opportunities many will be able to capitalise on weakness of others.

Now you only need to turn your attention to one of our peers in PLS which is similar in shares on offer, however that’s where the similarities ends. AVZ has a superior product and the size of mine is not comparable. This is not to bring PLS down, it’s just AVZ is really in a league of its own.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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