This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

AVZ - AVZ Minerals

Jump to new
Trav. said:
Just scanned the scoping study again and the high transport costs got a mention, but what jumped out for me was the following
I think that the Chinese will not let this resource sit idle for to long as the EV revolution is getting closer.
Click to expand...

Yeah well spotted Trav …… You certainly don't spend that kind of cash on something unless you intend to use it.
 
More baggies gunna get caught by the HC pumpers & dumpers, one of their favourite plays to separate retail traders and their money.
 
Up a lot today, no news or anything. Not sure if there is a reason for the price rise...

 
I was just looking at the volme and 32M traded so far which isn't to large for this stock, I would say

Some large dumps in May / June between 80 - 100M so if we had that sort of volume I would be really looking for a reversal tomorrow but will be interesting to see how it closes today.
 

Interesting. Let's see what happens...

The reason it caught my eye is, I've been monitoring Lithium stocks to see if there is any interest in this hated sector and saw AVZ spike in price.
 
Fingers crossed for a good week ahead as I gambled on this earlier this month and got caught with my pants down. Looking to get out of this trade and hopefully learn my lesson. Well one can only hope

 
Trav. said:
Fingers crossed for a good week ahead as I gambled on this earlier this month and got caught with my pants down. Looking to get out of this trade and hopefully learn my lesson. Well one can only hope

View attachment 96439
Click to expand...
Looks like price may rise in the short term since it looks to me like a double-bottom around 4.6c and now breaking up above 5.5c. Just my thoughts as I am monitoring this Lithium stock.
 

Given the somewhat recent discussion regarding O'Neil's "Pocket Pivot" this particular chart caught my eye as I was flicking through a number of charts.
The green rectangle is a good example of a basing formation whilst the green arrow highlights a pocket pivot as described by O'Neil's disciples.

The blue arrow highlights an example of bullish type "A" divergence which @perter2 mentions occasionally in his posts.
 
Haven't been following this.... the implications are interesting, to say the least.
.
. .
https://smallcaps.com.au/federal-go...ning-investment-avz-minerals-lithium-project/
 
Looking at the chart of AVZ it looks a little more promising of late. New Yearly High and Horizontal Resistance at 0.105, just where price finished today.
Will it break out above this level, time will tell. Thought I'd throw a chart up for viewing.

 
Noticed a bit of a jump on Christmas Eve from offtake announcement.
Any ideas what the announcement equates to in potential income?

Am perusing candidates for the yearly comp... ! Still undecided.
 


My contribution
AVZ has been a stellar performer.

Off-topic
Also, INR, PLS & SDG have been kind to the HappyCat Strategy.

frugal.rock said:
6 months of sideways,
Click to expand...
@frugal.rock (IMHO) a breakout from a consolidation zone is always a worthy ride.
qldfrog said:
my systems jumped on this one and I even missed one entry this morning as it overshot my entry point
Click to expand...
@qldfrog, it's a buggar when this happens but trading rules are trading rules.





Skate.
 
kennas said:
This thing is trying to break out...
Click to expand...
not yet... 16c now

.....
Investors ended up offering $10 million more than being sought by way of a placement at 13c, with the extra amount being accepted by the company and lifting the cash infusion to $40 million. However, the company has now decided to cancel plans for a shareholder purchase plan due to the heavily oversubscribed placement.

AVZ says the placement was well supported by “high quality” institutions in Australia and North America. Subscribers also included a European-based physical energy commodities merchant.
  • The company will raise its stake from 60% to 75% by exercising options to take out a minority shareholder at a cost of $20 million.
  • The enlarged balance sheet will also help the company negotiate project financing.
  • Thirdly, AVZ will set up a working capital and contingency buffer during project development.
The company says the purpose of the placement was to clear the way for working toward a final investment decision.
 
You must log in or register to reply here.

Similar threads

FLG - Flagship Minerals
Replies
17
Views
3K
frugal.rock
NWM - Norwest Minerals
Replies
7
Views
4K
Dona Ferentes
ATU - Atrum Coal
2
Replies
25
Views
11K
peter2
SPG - SPC Global Holdings
2 3
Replies
42
Views
11K
Dona Ferentes
LOT - Lotus Resources
4 5 6
Replies
100
Views
26K
brerwallabi
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...