Absolutely spot-on the money.Why would a major miner spend...

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07/10/21

12:56

Post #: 56631033
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Originally posted by grassseeds: ↑

To date, AVZ's local management appears to be doing a terrific job and if they get the Mining License approved we should be very grateful. One would hope that they get suitably rewarded if successful.

Today may be a significant day for AVZ as nominations for Directors (to be voted on at the next AGM) close. In earlier posts #50973956 and #51003208 I set out a scenario where Chinese Corporations may make an offer to buy AVZI's shareholding in Dathomir which holds the license for Manono. I suspect that if the current Chinese corporations when combined with other associated AVZ shareholders nominate a Director or Directors acceptable to the ASX they will have little difficulty in being elected.

It is extremely rare for a small mining exploration company to take a project from the start all the way to mining. I suspect that AVZ will struggle to hold on to the project as tier 1 projects are usually snapped up by big corporations who have large capital bases.

We obviously do not know what is happening behind the scenes and I suspect we may still have a few twists and turns over the next few months.

If the mining license is approved for AVZ we should see a significant rerating of AVZ's share price.

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Absolutely spot-on the money.

Why would a major miner spend Billions exploring etc etc (with no guarantees) when they can spend Billions on a proven resource, infrastructure and licence?

Get in early and hold on for the ride.

TC.

AVZ Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
32 Upvote

0 Great analysis

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