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78.0¢ avz minerals limited

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Roller62

8,980 Posts.

2107

29/02/20

15:33

Post #: 43234258
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Originally posted by funtimes1: ↑

I hold PLS and AVZ but with the current virus crisis and it’s effect on the market and the consequences of a global slow down we can expect stock pile of resources as mainly China will take some time to get things back normal. The longer government can stop the virus from spreading the less pressure on Hospitals and essential services. So you need to shut as much stuff down as possible so you can cope better with the number of infected people. Which means retail, hospitality, non essential services, etc. Even Goverment stimulus can’t help a great deal in this situation. Therefore I expect resource prices in general to further drop and our WA miners will be in for a very hard time as it’s on the cards for a global slow down! EV will be slowed down , but we have less investment in mining that will be prepared for the coming wave of EV. Consequently, I’ll be looking to exit PLS and double up on AVZ as PLS and others will need to be refinanced to survive.

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Someone with some sense. Good for you.

I did the same with AGY. Now I'm way ahead.

Last edited by Roller62: 29/02/20

AVZ Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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