hey mate all the good news in the world doesn’t change the...

hey mate all the good news in the world doesn’t change the reality that Manono is going to cost a lot possibly $550M and is likely to be a mix of debt and equity and this will likely add large debt to the balance sheet (in a high risk jurisdiction) as well as dilute shareholders considerably (new equity investors will want more than 35% in avz in my opinion). So where does that leave you when avz is yet to even pay for the 15% more of the project that it wants?

im staying out

ps people cannot afford new vehicles or EVs in the wake of covid, many can’t pay the mortgage

US GDP dropped by an annualised 30% due to covid-19, there will be some retail spending and rebound in sentiment but it won’t be on capital items as much as services (holidays, restaurants etc)

also this vaccine is not going to be widely available for “months” in the US, which means after a long and very cold winter (it’s La Niña remember). Thus covid is likely to get worse in the US before it gets better.

a final word: when there are rallies like on the Dow / asx, it is the cream that rises to the top. Nobody has sat on the sidelines saying “I can’t wait until we get a vaccine so I can invest in avz / mll again”

Todays standouts are going to be blue chips that were hammered by covid in March.

all in my opinion