I had a a few chats with one of lithiums industries most connected and proven deal maker. On the point of AVZ he basically laughed and said AVZ has less than a 1% chance of coming online in next 10 years!!! Let that sink it for a moment. With the current management skill level I tend to agree.
If Patos dont take up any of there intitlements what cash will AVZ have at end of this qrter? $2.5m? That would be brutal.
Where the heck is this transport study? Have been promised for over a year its coming!!! I hope they aren't scared to use the word train (direct rail) and the $Billion's of dollars that will be required to build.
Its time to get real AVZ!!!
AVZ Price at posting:
4.4¢ Sentiment: Sell Disclosure: Held