Still very bullish on AVZ in the long term but have really been let down with the drilling delays, this marks the end of January - to which we were meant to have started drilling up to 2 weeks ago from this date.
Drilling delays are nothing unusual, especially in a country with infrastructure that is still developing (Although at a rapid rate). However the issue has been the complete silence from management who have not provided any updates whatsoever, not a good look.
I don't see AVZ really moving up much regardless of what it's peers and the Lithium sector do. Until there is a drilling announcement and the results begin coming in, I'm afraid I simply see us going no where but down in the short term and believe the longer this gets stretched out the more likely this begins to trade in the <25c range as people look to deploy their capital elsewhere, especially with such volatility coming out of the U.S.
AVZ Price at posting:
26.8¢ Sentiment: Hold Disclosure: Held