Hi mate , ill have to disagree with you on this one ,the reason why we are where we are is not because of a block sell order up at 99 cents ,and im a bit shocked to see that you got so many likes for that post .
The reason for the sell off is that there is still doubt surrounding AVZ , im sure you are well aware of the history , the days of Klaus and easter eggs etc etc , its a grade A baggie stock and AVZ have been trying very hard to shed that persona for quite some time , lots of promises , missed timelines etc etc ,and in all fairness management have been kicking goals over the past year, they have really turned the ship around so cudos to them . We have had 3 major SC6 off takes and one tin , some were a bit late but thats how the game works , the big issue is that the market still does not believe that AVZ can pull it off , hence no insto buying or pro money coming on board , now why is this ?? . Its pretty simple , we are late yet again , no PLS off take and the mining license is late , SEZ is late so theres a chance finance may be a bit late and the market is punishing AVZ for all of the above , and lastly we have enough cash to last 2-3 months so there a possibility of another CR on the cards and we all know how the last one went !!!, nobody will buy until this is sorted and its as simple as that .
Now if you were a fund manager or insto would you buy into a company with a reputation for being constantly late with timelines , a company that has yet to obtain finance or even a license to mine ?? No , this is the reason why we are where we are , that is what the market currently values AVZ at , we arent sitting at 15.5 cents because of a 16 million sell order at 99 cents .
Now dont get me wrong , im a big believer in AVZ , im pretty confident that the SEZ , mining license and finance will fall into place pretty soon , The DRC government will want this bad boy up and running just as much as us retail holders , its a win win for everyone and once we get our license to mine i reckon the rerate will begin as this will unlock finance and we are no longer the unloved spec stock . As for old mate with his sell at 99 cents , well il take that as a positive , this is a clear indication to me that somebody is trying their best to shake weak hands and scoop up as many cheap shares as he can and its working a treat for him or her !!! I reckon once we get either our SEZ or mining license that block sell order will disappear .
Any way thats my 2 bobs worth mate , lets see what the next few weeks bring us .
P.S , to all the blow ins rambling about a potential CR , well so what if it happens ?? the stock pulls back 10 or 15 % , we get cashed up and of we go again down the home straight !! so in the scheme of things it aint no thing and at worst its a few days of pain for a lifetime of gain !!!
GLTA AIMO .
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