Two years for AVZ producing is a stretch. What about BFS? DFS? Construction? Resource isn’t drilled out yet? Another 12 months drilling. It’s 4 years away.
AVZ I think will be taken out. That’s where the money and excitement will come for holders over there in the shorter term. If your waiting for a mine to be built then it’s going to take a fair bit longer than 2 years.
I’m holding the two Pilbara front runners. Share price appreciation has less risk involved. I don’t like to hang my hopes on takeovers. Say AVZ got their 50 cent takeover..well I think the two Pilbara plays can put on 100% in just as quick a time as they move to mine commissioning and first production. No need for me to risk coin with added sovereign risk on AVZ. Posters can throw out how Chinese are willing etc to invest in those regions..well yeah they are but it won’t ever change how I view those stocks in those riskier regions. Been caught out too many times with miners in both the Congo, Phillipines and select areas of Africa.
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Buyers (Bids)
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55 | 183488 | $2.99 |
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Price($) | Vol. | No. |
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36 | 198315 | 2.980 |
29 | 391049 | 2.970 |
12 | 219762 | 2.960 |
16 | 130764 | 2.950 |
Price($) | Vol. | No. |
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