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78.0¢ avz minerals limited

Are you aware how puny 500 mil is when comparing it to a...

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Ironpony

1,564 Posts.

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26/04/20

09:02

Post #: 44258614
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Originally posted by Kikker1959: ↑

You state AVZ has no debt and no cash burn. It also has no cash and the burn will come to $500m when a mine needs to be build. Let’s be frank, AVZ is in deep trouble. Their big resource is all well and good but you need lots of debt and cash in the form of equity to get that on a ship. Prepaid offtake money is nowhere near enough to get going. The perfect storm with the FIRB ruling , CV19 and a world recession will close the door for AVZ for many years IMO

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Are you aware how puny 500 mil is when comparing it to a resource of this size, l guarantee you it will Not be lost on potential interested parties.

AVZ Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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