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78.0¢ avz minerals limited

Nigel has already stated when interviewed in Germany that they...

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13/02/20

15:09

Post #: 42915008
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Originally posted by Kikker1959: ↑

Press here;
https://www.volkswagenag.com/en/new...rreplaceable-element-of-the-electric-era.html

VW will buy only spod from WA as all majors, including CATL , you guessed it, have already offtake agreements and large investment in and with WA miners, incl PLS, way ahead of the small investment by a subsidiary of CATL in AVZ, most likely used for the second tier Chinese cars, who compete on price only. BWM also stated they only buy spod from WA and avoid the Gongo (Cobalt, thus logically follows spod)

With regards to getting to mining and approvals. For example, AJM and PLS have build mines in the same time as AVZ, drained the frog pond, just saying

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Nigel has already stated when interviewed in Germany that they have had a lot of queries from European car makers. Now the only reason why they are sourcing from WA at this point in time is because those mines are more advanced. Believe me they are going to need a lot more that is why AVZ has had so many queries.

BTW, why has PLS lost so much of its share value?

AVZ Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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