Ann: AVZ Minerals hits 284.47m @ 1.52% Li2O, page-76

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avagadro

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04/06/18

10:53

Post #: 33470953
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Originally posted by Bluegoose ↑

There is no lack of understanding from non-holders. I am one of the "dumb" non holders.

But I am watching AVZ for fun and interest and I don't plan to invest anytime soon.

I think the market and the non-holders understand perfectly well - hence the share price is going nowhere at the moment until they address the real issues.

- Yes, they have an amazing deposit - if only it weren't in the Congo!!!!
- No it won't crash the Lithium market if it comes online - the market can easily suck up this resource
- No it won't make other Lithium companies non-viable - In countries that support mining with minimal royalties and tax incentives, good infrastructure and great technology - this resource in the Congo will likely cost MORE to extract and ship to end users. How many bulk ships go between the Congo and Asia / Europe?.

I have learned the hard way that a good resource in Africa is often worthless. At any stage the government can change it's policy or some corrupt government official can demand a 50% tax or have the workers go on strike for their own personal gain.

It's a nice deposit and if the Chinese can work out a way of exploiting it then it may have some value - even if it is a very risky proposition.

I hold about 5 Lithium companies in various stages. AVZ is not one of them and is unlikely to form part of my portfolio for the reasons above.

But I do wish holders all the best and hope they can find a pathway to production. The share price will only move up if they can address the major issues - which is clearly not Lithium grades or intercepts.

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You make it sound as if zero mines exist in the region lol

Far crappier resources have been exploited in this part of the world than this. Probably worth remembering that

AVZ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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Ann: AVZ Minerals hits 284.47m @ 1.52% Li2O, page-76

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