AVZ
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0.00% 78.0¢ avz minerals limited

You do know you are suggesting they could buy a mine (PLS) for a...

  1. WhiteGoldLith
    2,828 Posts.
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    07/05/20
    11:56
    Post #: 44485657
    You do know you are suggesting they could buy a mine (PLS) for a certain figure. Do you not realise that the mine you saying they could buy is:
    • Not profitable
    • Can't produce at anywhere near DFS cost estimates
    • Huge sovereign risk with the current government attitude towards china
    • $140million of debt and no end in sight to the losses sustained given current spodumene prices
    • Management taking a "paycut" by gifting themselves more free shares
    • Resource up to 6x smaller than AVZ
    AVZ Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 77  Upvote
    lightbulb Created with Sketch. 19  Great analysis
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