Outstanding 1st post Smiile, I concur with 99% of your notes and summation.
As I said before in regards to Hauyou and China Inc, “Chinese companies are notoriously non-competitive with each other when it comes to the final purchase of sought after so called Western World Tier 1 mineral assets for obvious reasons. Santa Klaus possibly tried to break the China Inc stranglehold and did well for a while with the 25c placement to Canadian investors. He tried, failed and left the building with some nice presents. Good luck to him.”
https://hotcopper.com.au/threads/running-discussion-on-sp.4111732/page-12991?post_id=36647197
All but confirmed in today’s meeting by NF, “once one company get’s involved others step back until they drop-off”, in regards to China Inc.
IMO, Hauyou remains in the box seat and will acquire AVZ’s 60% ownership of Manono one way or another for a lot cheaper than they should. They remain passive passengers, no reason for them to make any moves until at least February/March 2019, in particularly, after the election euphoria/woes dissipates and as we approach their option conversion date (186M opts @ 10c, expiring April 2019).
An ideal strategy would be for the BoD to create competition either through direct ownership, share issue or offtake agreements via either European or North American counterparts, perceived or actual. They have their work cut-out doing this, but still have time. IMO, Airguide are nobbled and road shows in China are not productive in the short term.
There will be no SPP plan at current SP, unless I can underwrite, LOL.
I anticipate that the AVZ SP will remain at these levels or lower till at least mid-January (post-election), a great stock to accumulate over this period of time during market weaknesses and low buying depths. A 100-200% increase by the end of Feb 2019 will suffice for me. But, I will except more if offered. A no brainer here, money to be made in the short term. Sharing is caring and my thoughts only. Goodluck to all. Bye …
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Manono Lithium Project: No. 1 spot on that table of Top Ten Tier 1 Hardrock Lithium Projects and accounting for near 24% of the World’s published calculated hardrock lithium with more to come.
