AVZ 0.00% 18.5¢ avz minerals limited

AVZ's half yearly accounts that were released on 15th March...

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    AVZ's half yearly accounts that were released on 15th March confirmed that we'll receive both a resource update for Roche Dure and the 5/10 Mtpa scoping study by the end of March.

    Given the 15th was only 5 days ago, I'm reasonably confident that management know they'll be able to meet the timeframe for both announcements.  These announcements should hopefully add to the upward pressure on the SP in the next seven business days.

    With Huayou's 10c options expiring mid April, it will be interesting to see whether they do nothing, buy more shares on market at a clear discount to 10c or exercise some/all of the options.  Given any hostile takeover references the 30 day VWAP, I've also marked the last 30 days trading.  Huayou might act sooner rather than later if they do wish to launch a takeover offer.

    Maybe that is somehow linked to the recent announcement about Huayou's current holding and their (small) on market purchase following the recent placement?

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