Good post FH, you are the calming influence among AVZ.Well of the course the ML by DRC law is now a done deal. So those hanging on/ biting their nails waiting for when the actual formal Ann is going to be made is well a waste of time IMO. Unless of course you are (a) planning to the sell the news or (b) your investment is deep in the red.
We are going mining. Its now a fact. there is no debate here!
When the actual bit of paper arrives or the official DRC award ceremony is had is superfluous to me personally. I would expect that having received the tick on Technicals would be trigger for AVZ MGMT to sign drill contracts and bridge/road works contracts. There will be a lead time on these starting of course as we wait for crews to mobilize and equipment to be relocated. This should not be too long as the wet season has well and truly past.
Of course the greater investment community (insto's) will need to wait for ML to formally announced before they can start to act but the informed AVZ investor knows its a done deal (our only advantage over them I guess) . Don't expect all instos to rush the gates on day 1 either. They will consider and factor in macro environment/markets , their own balance sheet weightings , AVZ FA timelines , MGMT ability, Chart Technical analysis amongst many other factors etc etc before committing. Theses guys are pro's they know there might be a mini rush on day one and they will wait and buy pullbacks for instance. These guys will trade for the mid to long term some will base decision on weekly or monthly charts for example.
Love your posts and your obvious experience.................is your job related to mining if i may ask ?
As i said before, the only concern i have is the chinese screwing AVZ over some how , that and the volatile MACRO .
Great to have you here.
imo