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Acetoby

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08/05/18

04:30

Post #: 32942293
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Originally posted by eshmun ↑

For starters I'm not your buddy.

Secondly if you and others can't understand that international investors get nervous and sell off stocks country wide when a government uses a recent change to the mining law to try and dissolve a long standing JV over the largest copper mine in the country it just shows how unsophisticated the investors on this forum actually are. Companies and international investors put money into the country on the basis of undertakings not to change the fiscal arrangement of mining operations (the 10 year stability clauses) and the government has ripped up those undertakings. As mentioned in a previous post the RBC (Royal Bank of Canada) immediately wrote down its valuation of Glencore's DRC assets by US$7.5 billion and assumed the closure of the company's production in its valuation models. If you think other international investors wouldn't be following suit and pulling money out of the country you are incredibly naïve. When the Tanzanian government did a similar thing recently and introduced an export ban on gold concentrates the shares of Acacia Mining fell 35% and most other stocks with exposure to Tanzania took a similar belting.

Not all the shares in AVZ are held by Chinese interests, some are held by people with more risk intolerance, the type of investors that are motivated to sell based on the Glencore news. Funny that the Glencore news came out on the 23/4 and the shorting started the very next day. Coincidence? Not in my opinion. But that is something I'm not allowed to have on the AVZ threads for some strange reason. Esh

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Firstly I was speaking nicely and correctly, I didn't type "my buddy" read properly you FOB! That's their choice of selling there own stock, it makes no difference here in aus also.. if someone's dies in mine or change of laws same results.

AVZ Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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