AVZ - AVZ Minerals

Discussion in 'Stocks & Derivatives' started by VRS, Aug 30, 2017.

  1. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    VRS, Aug 30, 2017
    #1
    Lunardragon likes this.
  2. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,968
    Likes Received:
    76
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    Howdy mate?
    So u into this too :)
     
    Lunardragon, Aug 30, 2017
    #2
    VRS likes this.
  3. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Yes mate - not a big stake, but I'm up about 400% on it at the moment. I was expecting the last holes to be announced today but possibly AVZ wanted to avoid the reentry of BGS to trading. I spoke with BGS Chairman James McKay this morning who said that they received an email from ASIC authorising the relist late yesterday - that's up nearly 50% today.
     
    VRS, Aug 31, 2017
    #3
  4. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,968
    Likes Received:
    76
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    Cool ... I miss this one haha
    Yep looked at bgs trade today.
    Good run :)
     
    Lunardragon, Aug 31, 2017
    #4
    VRS likes this.
  5. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    It's still on course - I've sold some AVZO - anything could happen here - buyout - mining approval - but the issues to consider are:

    Klaus just sold 25% of his own stake - he needed the cash and locked in a profit apparently...
    Airguide & ML are pushing for potential suitor for buyout but I think Klaus' sale has been seen as curious because if the buyout was at 25c he's just missed a huge bonus...
    Dathomir & China Rail have been talking with Cominiere about transport for the Manono region for some time - given the Chinese experience with Sicomines it's not surprising that no buyer for AVZ has blinked, sneezed or farted yet imho.
     
    VRS, Sep 27, 2017
    #5
  6. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Out of AVZ for now - will be back in shortly though I think
     
    VRS, Oct 2, 2017
    #6
  7. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Back in today at 12.5c
     
    VRS, Oct 4, 2017
    #7
  8. mats224

    mats224 Active Member Silver Stacker

    Joined:
    Jan 26, 2014
    Messages:
    473
    Likes Received:
    123
    Trophy Points:
    43
    Location:
    Newcastle
    Hope your still holding VRS!
     
    mats224, Nov 1, 2017
    #8
  9. thefinn

    thefinn Member

    Joined:
    Jun 6, 2016
    Messages:
    44
    Likes Received:
    4
    Trophy Points:
    8
    Making out like a bandit on this one.
    30% so far (I was a late adopter).

    Might derisk this week, but I cannot help but think I might miss a runaway train.
     
    thefinn, Nov 4, 2017
    #9
    VRS likes this.
  10. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    35c hit today. JNS Capital are pushing AVZ in the US which could partly explain the rise - Ann 22nd Dec 2017: "The Company has entered into an agreement with JNS Capital Corp for the provision of marketing and promotional services in North America. Part of the consideration for their services will be in the form of 3 million Performance Rights. The Performance Rights shall vest if the 10-day volume weighted average share price for the Shares on the ASX is A$0.30 or higher from the date of issue." It all helps to keep upwards pressure on the sp and for anyone thinking of a take over to make a move. Also Huayou might exercise their 10c options soon, which would put around $18M in the bank (minimal dilution if so - around 3%). Cash on hand at the moment I think is about $12M, with absolutely no debt. Mike Langford tweet earlier today also says 5 drill rigs are inbound to DRC to get the 20,000M drill program underway. AVZ's combined Li in DRC according to him is '10x bigger than Greenbushes' and his short term target '40c-50c'. DYOR.
     
    VRS, Jan 10, 2018
    #10

Share This Page