I hate to speculate, which is a bad start for anyone with a significant AVZ holding. However, the big question is the extent to which sovereign risk is capping AVZ and how the market will react to a mining license if that is what the current TH refers to. Personally, I have always considered that there is a substantial sovereign risk with DRC. But, has it been factored in already? I think not. The ML dropping will, rightly, be a huge step and at that point it is a matter of how brave holders are and how desperate shorters are to cover their positions. I intend to wait, watch and not sell into the flow unless the returns are impossible to ignore, Even then, only in part. Good luck to everyone. Mining license is more important to me than a $1.00 SP than a massive margin.
AVZ Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held