Till date all the non holders/downrampers were confident that AVZ will not receive the mining licence as quote/unquote ( it’s Africa.. bla bla bla). Now when ML is certainly done they are switching their attach on how much AVZ own (65% vs 51%).
Well yesterday’s price action was not at all expected and agree this % ownership comment in the news could have caused some confusion and resulted in profit takers and weak hands to sell, but this was also aggravated due to the drop in all major lithium companies SP.
Everyone knows how the Lithium sector has boomed over the last year, hence a major pull back is inevitable. I would say give AVZ another 1-2 months and then let’s debate where we stand. I guess many non-holders who turned up yesterday in this forum will never appear again.
Cheers and GLTAH! TC
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