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78.0¢ avz minerals limited

Great post and all that but mate DOW corrections and oversupply...

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TheAviator84

344 Posts.

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28/03/18

16:08

Post #: 32093533
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Originally posted by Dr_Manhattan ↑

Pure comedy in here. One second its JV/TO high fives and a day later, it's doom and gloom!

1) 4CE didn't take our rig. We have (according to 4CE) four Equity rigs on site which is correct since one of our rigs is from the company Equator. Actually, at the last announcement on the 6/3, we had 2 Equity rigs on site, 1 due mid-March and 1 on the way from South Africa with the Equator rig drilling. So if we actually do have 4 Equity rigs drilling on site, that's great news!

2) Lots of stocks are still down from their January highs due to a combination of Dow retracing and nonsense oversupply report fears (Roskill, JP, SQM etc). Today, pretty much my entire lithium watchlist is red.

PLS 84c from a high of 125c = down 33%
AJM 42c from a high of 50.5c = down 17% (spiked recently on take over talks but still down)
BGS 45.5c from a high of 84c = down 46%
GXY 306c from a high of 454c = down 33%
ORE 570c from a high of 744c = down 23%
AVZ 24c from a high of 37c = down 35%

So, much of the current SP woes are not company related. Yes, the drilling delays don't help but we are drilling and the JORC for the full 40,000m is full funded.

3) As mentioned (by TheWolfofWall), these investors don't just throw away their cash.

"we have NA instro gave

$15mil@25c
NA Remx fund invested $10mil @ avg 29c last week"

4) Time is your friend here.
* The road (full funded) takes time to repair
* The dam (full funded) takes time to repair
* The EV boom and associated lithium shortage will become more and more apparent with time. Most major car companies are still in the design stages of their EV line ups. Once they start hitting the market and the mainstream, it will boom time for lithium.
* All of the above will make Manono more and more attractive over time.

5) AVZ has Huayou, a major local miner, onboard plus lots of interest from Chinese battery makers. A fact that very few lithium junior can claim...many of whom are much further advanced (having more extensive drilling etc).

6) The fundamentals of the deposit are superlative. 300m intercepts, at surface are just totally unheard of....with tin.

As always with these things when things retrace, you need to trust your research and be patient.

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Great post and all that but mate DOW corrections and oversupply fears do not preclude the company from keeping SHs in the loop. Almost 2 months drilling and as far as I know we have 2 holes drilled from the same position at different angles and 1 sample despatched for assaying on 14th Feb.

And thanks to 4CE I'm informed that we have 4 rigs on site now (well 3 since they took one).

I'm a believer in this company and its future prospects but IMO investor attention is waning and will continue to do so until we get news.

AVZ Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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