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78.0¢ avz minerals limited

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cashcity

2,545 Posts.

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25/05/18

00:48

Post #: 33300263
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Originally posted by Obe wan ↑

It’s been quite strange since late last year with time just dragging out with seemingly no excuses, then lost rigs when explorers in the surrounding areas could get them, customs issues with getting a south Africans rigs into the DRC…..strange, transportation issues with cores, cores still sitting on site when many expected them to be well under the microscope, time taken to analysis huge meterage of cores (understandable). The likes of CATLs IPO highlighted for June, still no fifth rig, a line of due DD due to be completed by end of the months (April), since then the SP has had a foot on its head and held below water with broker reports showing the draining and straining of retail investors. Cracker first pass Metallurgical test shows that the project can produce up to 6.3% DMS concentrate using standard metallurgical laboratory test standards! Yet we get a 2m dump into the buy side on the met news and loading of the sell side. A skinny sell side suddenly bulks up, if the bulls begin to gain any traction….

News only now beginning to filter out regarding the K-M-M Kiudo –Mitwaba – Manono section of roading is underway; prepayments already dished out, boots on the ground and diesel being burned. This is news that shows that Manono is a main event resource and it will be mined. Commencement of this section should be a significant milestone or possibly green light for final board approval to move on AVZ / Manono in whatever shape or form I reckon. Further assays and impending JORC, so much news in such a short period of time has commenced, SP strained and bent, will a JV prefer to pay $40-50m or whatever at 15c or 30c?....there’s a $40-50m saving in that alone by just smothering the SP; they seem quite content to leave it and balance it ,in the 15.0-15.5c area; it’s fairly obvious, as to what’s going on here, it’s becoming quite tense with most of the retail believers still raggedly remaining in tow. The commencement of K-M-M is a huge shot in the arm that I think start to counter on the current vwap at which point its probabaly better to start wrapping things up

I reckon we are very very close now with a JV announcement being the most likely outcome; drag DD then snatch it at current vwap as I feel we are at a new direction / turning point for the company and then move it on back into the high twenties etc and into the 500m - $1b MC creating a bit of buffer. It just feels that much progress has been stuck into slow motion, but all of a sudden we have a tankful of news about to drop.

Car manufactures firing out multi billion $$ orders for lithium batteries and Lithium battery manufactures / CATL taken them up without any supply.

Full moon even coming very soon IMO

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Great post mate , is any broker data available for the last few days or 8horse step in anytime please !

GLTAH

AVZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Running discussion on SP, page-4930

Top Stories

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

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