Yes, this needs to be mined ASAP, and the Chinese are in no...

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14/03/19

17:31

Post #: 37765076
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Originally posted by charlesn: ↑

Similar has been posted and endorsed by many here on HC over the last 18 months, as the share price declined from 37c (when holders were saying "won't sell my stake for under $1") to 3.8c (with holders still saying "won't get my stake for less than ... ").
Problem is no one is offering to buy holders' stake in the company, and holders (hodlers!) live in denial on this.
If there are no buyers, the seller doesn't dictate the sell price ... but instead prays like hell that the buyer has a competing bidder that may stimulate some kind of premium.

Yes, this needs to be mined ASAP, but AVZ are in no position to facilitate this. I could have said "SP will decline to 0.1c in 2 years", but thought that might be a bit harsh.

As a holder, I am hoping there is a TO offer at some stage soon, but I am not delusional enough to think I have much say in what price the bidder sees as worthwhile. I couldn't care less how big the deposit is, as neither I nor the company I invested in have the funds or capability to dig it up.

And there is nothing wrong with being trigger happy ... maybe if long term holders had been a little quicker with the trigger finger over the last 18months they wouldn't be looking at such massive negative returns currently.

20c is a 400% premium to current SP. Not to be sneezed at, unless you are so in love with the particular lump of earth you can't bear to part with it

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Yes, this needs to be mined ASAP, and the Chinese are in no position to facilitate this. Unless they satisfy our appetite.

Perhaps, the seller is not just praying for a competing bidder and is working on it right now.

I am not in love with a lump of land.
I am compelled by the hard facts of this deposit.

As for the Chinese Government, they can bluff as much as they want. But does anyone really believe, when this comes to the crunch, they will want to save themselves a couple of billion and miss out on a quadrillion ?
I do not.

At the end of the day, it is all about thinking big.
For all.

AVZ Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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