Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Spot on LargusAverta

First 11 Last

Share
Profile

Follow
dockerbhoy

172 Posts.

23

28/02/18

01:02

Post #: 31398523
Share

Originally posted by LargusAverta ↑

You know how in poker, you have to learn to read their faces?
This is the game.

Chinese player(s) wants the cheapest buyout. Lets call him 1 for simplicity.
AVZ says sure, give us X now or pay more after JORC.
1 says naaa, too much (while thinking we've got this sewn up, other chinese players are at least a little subdued by state.)
AVZ raises, says JORC it is. Full JORC needs money.
AVZ has to start going to US or EU to raise awareness, or else China does have it sewn up. Even a home grown CR to current holders is not going to push the canny player 1. There's gotta be another bidder somewhere to push this. Otherwise they both have to call.

This is obviously too simplistic*, but the necessity of going elsewhere to create interest seems obvious to me.

*e.g. Someone posted that Hayou may neglect to buy in to the game because they can't show a controlling stake yet etc etc.

Expand

Spot on LargusAverta

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

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AI stocks: What to expect in 2024-25

AGY

Argosy signs deal to sell battery-grade Rincon lithium to Korea

AMI

First stope ore could be pushed back to Q2 FY25 due to flood-like event: Aurelia

Talking Australia's very competitive property landscape: Realty Talks

There are more pages in this discussion • 19 more messages in this thread...

First 11 Last

Add AVZ (ASX) to my watchlist