Below for reference is the SP history relative to some keys events in the growth of Pilbara Minerals followed by the same for AVZ
Note that several things can influence a company and its SP growth.
Pandemic was not in the equation at the beginning of 2020. The note on charts is just where the pandemic initially hit most stocks around the world.
Also note that companies can reinvent themselves and add positive components. Like Pilbara Minerals buying Altura, then drilling in the area between those two company's permits.
A shareholder may have gotten excited as the SP reached 50c (taking a year and half to get there) and sold-out. Losing over $1.0 of SP growth!!
AVZ (IMO) has that DRC factor to overcome. There are several in-country things happening to rapidly dramatically improve that image and attract investors and turn the whole thing positive for DRC and business.
The recent move by AVZ to 75% brought many $$ in corporate value and the market is rewarding AVZ now and acknowledging the value.
IMO, the market wants the Mining License executed and on recorded. That really confirms the project.
The MSEZ will add further $$ value, but the ML is the key.
IMO the stock is very cheap still and one should realise a winner and invest for the future.......
AVZ Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
