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78.0¢ avz minerals limited

Ann: Yibin Tianyi $10.7M Placement Completed, page-122

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5,335 Posts.

690

15/05/20

15:28

Post #: 44643974
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Originally posted by Stevie.K: ↑

The funny thing for me is I had no idea that Nigel was the MD of OKR, but the moment I opened the link JT posted I saw that Nigel and Leonard Math are heading up that project my financial advisor/risk management mind approved of it instantly.

AVZ is a lithium play in DRC, OKR is a gold play in Australia. Both are on the spec end of the world.

You'd have to be absolutely nuts to hold wildly different potential plays in the same entity. As failure of either could ruin both.

It's veeeeerry basic risk management. Don't hold all your assets in one vehicle, this applies to individuals (for example, don't hold investment properties in your own name), and it applies to listed companies (hold the land separate from your mining assets).

Jasmine, do you also have an issue with them heading up AVZ Power? That's also a different company..
Would you have zero issues with it if they brought OKR into AVZ and kept both spec plays going?

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I don't know that much about OKR but I do know that along with their Crackerjack gold project in WA they also have the Mambasa gold project in the DRC.

https://okapiresources.com/projects/mambasa-gold/

Last edited by Remark: 15/05/20

AVZ Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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