I agree! My preference is for the company to drill more too.
It all comes down to individual investment goals. Some people want to make a quick buck and move on before there's any further delay with the election scheduled for next year whereas I want them to drill more to increase bidding competition and to further investigate splitting the mine as @Scarpa and others have suggested before on this forum.
IMO the current market valuation is based on big discount (DRC fear of untravelled Aussies and the transport/infrastructure uncertainty) to peers with single mines. People forget that AVZ really holds 60% of 2 x 500MT. If they can sell the two-mine proposition to the market, surely the value doubles? People are so simple, I bet splitting the tenement in 2 would do it.
All musings - they could have already sold it
- Forums
- ASX - By Stock
- AVZ
- Running Commentary on the SP Movements.
Running Commentary on the SP Movements., page-155
- There are more pages in this discussion • 18,399 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)