Downrampers getting desperate:
FA news
I.M.M.I.N.E.N.T. to re-rate this stock strongly!
As I said the other day many have been in this stock for 5 years and know the fundamentals intimately; shorters and fund managers do not!
To recap; all of the criteria have been met to meet the mining licence requirements-environmental, financial, favourable cadastral opinion and the technical, the latter I suspect took longer because of a planned mammoth 10 Mtpa output.( 2 times greater than PLS's two plants combined)
The company now states that the mining licence is
I.M.M.I.N.E.N.T.! because all the criteria have been met. The CATH(CATL) extension of funding is at the the end of this month.......If the penny is not dropping I don't know how anyone can be helped!
Shorters and those on the sidelines should be worried! The mining licence will also trigger a cascade of strong re-rating catalysts including a mammoth BFS which will be a huge upgrade of the DFS(think a massively increased NPV/IRR/decreased payback period) of already a stellar DFS because of lithium and tin prices which have increased exponentially, increased resource size, upgraded and cheaper transport routes, and a planned 10 Mtpa output
. Once the mining licence hits funds will also be able to buy and the BFS will shock the lithium space and should encourage major investor interest. Other catalysts will also be triggered including further investment, more offtakes, hydroxide plant feasibility study-JV partnership?, collaboration agreement between AVZ and the DRC government, and any other partnerships?, FID etc. -
PRESS HEREAIMO
