A new chapter for AVZ. So who is going to be AVZ Minerals' Sam...

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27/06/18

18:51

Post #: 33990714
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Originally posted by ConcerndCitizen ↑

Two things worth noting about the Moto example:

1. Klaus spent 4 years defining Kibali before his sudden resignation, so it's not as though as he isn't prepared to put the time in. There's an argument that Manono is different because everyone already has a fair idea of what's in the ground, but they haven't drilled the 100%-owned Extension yet as promised in last year's AGM, and Carriere de L'est is virtually unexplored, with only 1 drill hole (250m @ 1.48% Li2O) near the southern tip of its 5.5km strike length.

It seems highly likely that Carriere will be a separate mine comparable in size and grade to Roche Dure, but nobody actually knows yet what the rest of the pegmatite holds. Also worth noting that the terrain at Carriere is reportedly much more difficult to traverse, so they may leave it for a while. It would be great to see them send a rig up there once the initial JORC is released, but Klaus may be gone by then.

2. The incoming CEO, Sam Jonah, stumped up US$7.5 million of his money into Moto upon appointment, so Klaus selling or resigning doesn't really say anything about the resource he's leaving behind, or what his fellow Directors think of it. Moto went on to more than double in valuation in the 2-3 months after Klaus' resignation. It does appear that his selling is purely personal and governed by the limited trading windows for Directors.

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A new chapter for AVZ.

So who is going to be AVZ Minerals' Sam Jonah?

AVZ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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A new chapter for AVZ. So who is going to be AVZ Minerals' Sam...

Top Stories

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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