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78.0¢ avz minerals limited

I only focus on three facts: 1. China is heavily relying on...

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8horse

34,310 Posts.

9008

10/11/17

10:31

Post #: 28674507
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Originally posted by Fisher jarrod ↑

Thanks 8horse; So we are literally three weeks from a stellar SP run with massive returns; yet all the buyers are 'lined up' for a 50c deal based upon the current suppressed SP. I cant get my head around what might occur next week with a TO, and what COULD BE in a few weeks time....

Is there a chance that the Chinese may all throw down a first bid of 50c, then we say... no cigar and start drilling...meanwhile the SP goes up...they keep upping the bids until we accept... Could the TO take time to negotiate? Or is it all over pre-drilling? To be honest I am a little confused as to how the bidding war happens versus timeframes and future AVZ milestones etc...

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I only focus on three facts:

1. China is heavily relying on importing lithium to meet their demand: 76% imported in 2015.
2. Electric vehicle boom is not really starting yet, picking up point would be 2020-2025.
3. AVZ has a shadow, high grade, homogenous, and massive size deposit, but is valued at around 90% discount to ASX peers' average.

DYOR.

AVZ Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
26 Upvote

0 Great analysis

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