Very good question regarding initial T/O and what strongly is suggested as a
Change of Direction to production.
After over 12 months of researching and reading all the social media tweets 3 significant changes have occurred.
China continuation of subsidies towards EV production past 2020 and opening the market in China for overseas car manufactures to set up production in China.
The 2nd CATL IPO and expansion plans and yet to secure long term lithium supplies and connections with market advisors with Airguide.
3rd HuaYou Chairman contribution of personal cash injection but not enough to do a T/O on its own ? But now how does the company improve its position of securing Manono against other Chinese Majors ??without a take over occurring.
Move to production.
Remember Hauyou has a significant shareholding and director on the board of AVZ.
Something caused a shift in direction ?
If Huayou is at discussion stage with a potential JV partner to purchase forward production and a downstream processing plant it makes sense to move to production.
Maybe just need further infill drilling to activate the trigger on AVZ direction.
If production is decided 8horse has explained the share price potential.
ALL IMO.
AVZ Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held