AVZ (ASX) Running discussion on SP

Originally posted by unknownshadow ↑

This is the drama going on in @cardinal1969's mind

cardinal1969
Date:
26/01/18
Time:
00:01:05
Post #:
30585184
Agree completely. AVZ will hit 50c within two weeks. Very confident about that. I honestly haven't seen a chart like this one before.

AVZ (ASX)
Price at posting: 28.5¢
Sentiment: Buy
Disclosure: Held
cardinal1969
Date:
03/02/18
Time:
21:53:06
Post #:
30800524
There could definitely be fireworks next week.

AVZ (ASX)
Price at posting: 31.0¢
Sentiment: Buy
Disclosure: Held
cardinal1969
Date:
07/02/18
Time:
18:12:10
Post #:
30899884
The people who deserve the performance bonuses are the ones pumping AVZ on Hot Copper. They are the ones doing the heavy lifting ... perhaps they are getting performance bonuses ? Anyway I have a feeling I know how this story ends.

Today was the perfect day to get out.

AVZ (ASX)
Price at posting: 26.5¢
Sentiment: Sell
Disclosure: Not Held

cardinal1969
Date:
26/03/18
Time:
12:49:03
Post #:
32030827
IMHO tomorrow will be a big day SP speaking. Just a feeling I've got.

I'm expecting the DOW to rise tonight and tomorrow will take care of itself.

Whenever there is a day of low volume at the bottom of a down cycle there's generally a big kick the next day.

AVZ (ASX)
Price at posting: 24.8¢
Sentiment: Buy
Disclosure: Held
cardinal1969
Date:
28/03/18
Time:
17:01:13
Post #:
32099374
I'll be honest. I had a huge SELL order in at 25.5c ... but pulled it. By huge I mean a lifetime of savings.
I was feeling a bit sick a few hours ago. Feeling a bit more relaxed now

AVZ (ASX)
Price at posting: 23.5¢
Sentiment: Buy
Disclosure: Held
cardinal1969
Date:
06/04/18
Time:
14:33:36
Post #:
32278852
No, AVZ are only the second share I've lost money in. I bought back in against my better judgement.

I've lived in WA for 40 years. AVZ brought all the memories flooding back. The long term price for AVZ is probably zero unless there is a takeover @ about 5c, which there probably will be. That doesn't mean money can't be made along the way but when you have "the biggest lithium deposit on the planet" every outstanding drill announcement only confirms what is baked into the price.

The price of the next CR will be crucial. If it's @15c the writing is on the wall.

Selling out has left me with the feeling that I have left a cult. When you leave, no matter how politely, the existing members come after you to send a message to the others.

AVZ (ASX)
Price at posting: 22.5¢
Sentiment: Sell
Disclosure: Not Held

1) First he thought share price was going to hit 50 cents. (26 Jan)
2) He was certain there were going to be fireworks. (3 Feb)
3) He no longer believed in the story (7 Feb)
4) He is back in and believe in AVZ once again (26 March)
5) He felt sick during the trading halt - who wouldn't when they've invested their 'life savings'. No idea why but he felt better mid way through. (28 March)
6) He's out again and reckons the long term price is zero but take over is 5c? Hang on a minute. Why will the take over be at 5c (from who?) if the longer term price is zero? Logic!! (6 April)

That was a roller coaster ride of emotions. In all seriousness, let's give him a break. He almost lost his entire life savings. But we'll be seeing him again with a 'Held' disclosure.. For sure!!

Expand

I've never believed in AVZ. I just thought at various stages the SP would rise. I got all the calls correct and if I had sold this morning at the opening bell I would have got that right too.

AVZ is a cash burner and everything is fine until the money runs out. How much share dilution will there be before the "ribbon is cut" and the mine opened is anyone's guess, but I was never going to be holding shares on that joyous day so I wasn't that bothered.

It had crossed my mind that the ASX was going to call ML's bluff and say "This company comes out of Suspension as soon as you PROVE that this is the biggest Lithium deposit on the planet".

That would have been a long and tedious (and expensive) process.

ps

On point 5) ... I felt better when I saw a photo of the proverbial Easter eggs I'd heard so much about. and though that would change the tide. All they caused was a TH and a subsequent Suspension and everyone knew it wouldn't go through to the keeper and that an announcement should have been made pre-opening on Thursday morning.

The Easter egg analogy always amused me. They look all big and shiny but give them a tap and you'll find that there's nothing inside them.

I hope every AVZ holder does well especially any young guys who have borrowed money to buy the shares.