Unfortunately for AVZ holders the DRC is going through a big paradigm shift in its mining industry. This is affecting all big miners, including the Chinese backed MMG Limited.
Hard enough for miners currently in operation, then developers will have less of a leg to stand on.
Sovereign risk has dampened foreign investment in mineral provinces of Indonesia. The DRC is next.
And before the bulls scream "its old news, nothing to see here" - I don't think the wider market has fully absorbed just how damaging this new regulation will be for companies such as AVZ.
And for those familiar with Indonesian regulation, the government will happily move the goal posts here there and everywhere for their own benefit and the detriment of the miner.
AVZ Price at posting:
18.5¢ Sentiment: Sell Disclosure: Not Held
