I posted on here before that that I had sold parts of my...

I posted on here before that that I had sold parts of my holdings well before this announcement and free carried essentially. In terms of the May 4 announcement been referred to, been a while now, price went up very early in the piece then fell to around the 80c, traded a day or two more then fell. To be honest most on here wish they had put stop losses in place like some had and departed, or even sold at that time. I don't think us mere mortal investors thought we would still be in suspension all these years.

So to answer your question, no I did not sell any of my holdings at the time of this announcement. But yes I do regret not selling, but that is a hindsight question. The learnings from AVZ is, if you have a risk adverse or risk neutral strategy, or even risk taking strategy if price goes up significantly after you invest, especially if you get in early, free carry or sell some when you can (and have no regrets if prices continue to rise).

For the DRC, until they start following their own legal rules they will struggle to get investment - a lot invested here at the time because we assumed the DRC was stamping out corruption and wanted investment to better the people overall than just better the pockets of a few crooked DRC officials. And personally I wouldn't be surprised if the Felix doesn't get his house in order soon, meaning the US investors get annoyed and just walk, then the DRC will become part of Rwanda. Can't see China stepping in and aiding the DRC militarily by the way. Felix is a pretty ordinary and useless President to be frank.

Now as to your pointed underlying question - I don't blame AVZ management - yes they could have done better, far better including also getting onboard a non-China based backer as well during the DFS stage (specifically US investor). At the end of the day investors need to balance the risk reward equation and sovereign risk elements (which IMO turned quickly on 4 May and then you had a few days to make up your mind whether to sell then or hold). Obviously hindsight shows one should of sold then IMO.

As a final point, some of valuations that are been proposed on here are quite high - the lithium market has changed since 2022. I suspect many here would be happy to get $1 a share - anything more is absolute gold.

So why didn't you sell - given you have a 'hold' on your sentiment?

All the best.

All IMO