AVZ (ASX) AVZ: Time for a short squeeze

Originally posted by Shire ↑

Shorters continue to look more and more desperate. They took a big risk and so far management has outplayed them. Going into suspension was a nail in the coffin for the shorters and extending the suspension was another. Look at the Boatman report dropping, ironically (cough cough) on the same day as AVZ was due to come out of its trading halt. They were trying to create fear through misinformation.

The short sellers had already started to cover. The number of shares shorted peaked at 161M on 4 May. Then, just two trading days later, AVZ went in to trading halt. 150M shares stranded and remain that need to be bought back to cover short positions.

It's time for longs to take a stand against this morally unethical behaviour and market manipulation. Anyone that is prepared to spread fear (lies) and profit from this is driven by greed and is morally corrupt.

Longs have had almost a month to put together more funds. Funds that can be used to purchase more shares (not advice) in the world's largest lithium deposit while this opportunity presents itself (I guess we have the shorters to thank for something). If we take shares out of circulation by holding them it makes the shorters' task of buying back on market even more difficult than it would have already been.

Put aside all of the misinformation and consider:

- AVZ's was invited by the government to participate in the DRC's Battery Mineral Conference
- Ministerial decree to issue the mining licence to AVZ has been received
- Zinjin have a bad history and reputation when it comes to corruption and human rights. So, is unethical behaviour like spreading misinformation on social media (difficult to trace as is a company registered in Panama!) out of the question or would they try everything they could with billions of dollars of lithium at stake?
- The DRC is focussed on cleaning up the mining industry
- The world is focussed on lowering emissions and is therefore entering the electrification revolution. The demand for lithium will be generational.

It's that simple.

Boatman we're coming for you.

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"It's time for longs to take a stand against this morally unethical behavior "

Its what came first the chicken or the egg ?

The real problem is the stock lenders - if instos and super funds didn't lend stock then there would be no short sellers.

https://www.asla.com.au/