Disappointing day of trading. Predictable, but disappointing nonetheless
I anticipate that the share price will drop further as impatient holders sell as the mining lisence will inevitably be delayed until early next year.
Christmas Champagne is not as bad as the infamous promise of “Easter Eggs”, but it does demonstrate that AVZ management have not heeded shareholders by learning to under promise and over deliver.
I do wonder when management will officially start saying a production date in 2024 is the aim. 2023 seems to be almost out of question
AVZ Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held