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78.0¢ avz minerals limited

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underwaterdark

269 Posts.

330

07/05/20

11:10

Post #: 44483898
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Originally posted by Mining8: ↑

Don't worry.....a little patience now....expecting an offtake/funding announcement soon....AVZ's high quality and largest resource will fit perfectly for Yibin Tianyi's(CATL) expansion plans of 100,000 tpa of hydroxide(MEGA!), and I am sure there are other interested parties.

According to Managing Director, Nigel Ferguson:

“This week’s release of our highly positive Definitive Feasibility Study has
generated significant interest from a wide range of investors and potential
financiers, and I am confident we will secure the necessary short term funding as
well as longer-term debt and equity finance on highly competitive terms.”

Note: highly competitive terms....This tells me that the financial case of the DFS is very compelling meaning that offtakers/funders will want to see AVZ get up and running ASAP so interest rates will likely be competitive to the mutual benefit of both parties.

Non-Executive Director John Clarke did not buy 1,000,000($63,000) shares of AVZ at 6.3c for nothing.

AIMO

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Thanks Mining8.

I have been patient with AVZ since late 2017, I guess a little longer isn't going to hurt.

Last edited by underwaterdark: 07/05/20

AVZ Price at posting: 6.4¢ Sentiment: None Disclosure: Held
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