AVZ (ASX) Running Commentary on the SP Movements.

Originally posted by AGreatYear ↑

The lithium euphoria really took off previously and PLS was a first to market type resource. A game changer. This is different.

Completely different, just look at comparable locations. Many people got caught up in the hype here in my view. Just look this morning two holders saying they took profits at the higher figures, can't blame them. I did.

AVZ share price is a different ball game compared to location, director selling on market and the subsequent lithium companies out there. Did I ever say AVZ won't sell? no. Just at what share price.

The guesses of 40c+ are gone these days, much more acceptable of 20c it seems, times have changed from the roaring bull AVZ share price.

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As usual, no logic whatsoever.

'If this was as great as everyone is suggesting why would the share price retract nearly 50% from highs?'

* PLS hit a high of 87c and had an even bigger retrace down to 30c. Does that mean PLS is a dud? Or did PLS just climb far to quickly for that stage of development based on hype?
* The retrace with AVZ is not hard to understand.
1) Lots of hype at this early stage. Maximum SP was hit after only a single drill hole.
2) SP went from 3c to 17.5c in less than 2 months.

3) Most importantly, end of news cycles after hole 7 and the fact that we have to wait a few months for more drilling results.

'Why would Klaus sell on market at a cheap price when he could sell as you say "in a few months time" for much more when the company is sold? It makes no difference tax wise.'

* Why didn't Klaus sell 100% of his shares? Again absolutely no logic from you. Why would Klaus sell only 25% of his shares and devalue his remaining 75% if he didn't think the company had a future?

In regards to the location in Katanga, there is plenty of information out there which you deliberately ignore. Amongst the projects, it was already pointed out that a proper road to Manono is well under construction connecting it to the railway hub in Lubumbashi.

In regards to ramping, what part of 'largest, high grade, near surface deposit of lithium on earth with significant tin credits.' is ramping? Yes, it sounds very grand, yet its reality. Show me another deposit that has 200m+ 1.5% intercepts separated by kms?

SP will move sideways, til news from a deal by Langford or more drilling. Longer term, this deposit dwarfs PLS in grade and size and it will be developed.