Not a great chart unless you'll a believer in a major reversal after a falling wedge formation. I believe we are at the top range of a major support zone so an entry here at these levels is as good as any. Newsflow way overdue so that's an added FA bonus.
AVZ appears to be held in recent trading range. If I didn't know better I would say it's being held at this price while MOU partners are completing their due diligence on a strategic investment. Now that assays are started to come in then it should be too long before they pull the trigger.
The first shipment of concentrated is expected this week. Resource upgrade expected early May now after merger news has been released. The resource upgrade should help commence the next leg up on the share price.
Bald Hill Project Production Upside Potential
Fines circuit to treat otherwise stockpiled <1mm fines and 1mm-5.6mm middlings at the rate of...
An identical setup to TAR and AVZ. This first acquisition is unlikely the main prize.
Latitude to acquire a 70% interest in the Mbeta Lithium Project in southern
• Mbeta Project covers 18km² of mineral claims highly prospective for lithium and associated elements
• Mineralised pegmatites and historic workings extend over 700m
• Pegmatite bodies lie on...
Regardless of two recent ASX queries - the fundamentals of Manono as a tier-1 lithium and tin asset have not changed.
The first lot of lab results from this 20,000m drilling campaign due over the following two weeks.
The news below should not be discarded lightly. Nameplate output already obtained after 24 hours with 7% grade produced from low ore. Resource upgrade due any day now will confirm the economics of a second DMS Circuit to mirror the first. Merger news will be an added bonus....
AVZ Minerals now has GreatPower, TINCI, BNBT and Huayou all interested in potential investment or offtakes in Manono. These Chinese powerhouses know the value of Manono regardless of its location in the DRC. Awaiting follow up news from the BNBT site visit this week as well as a drilling update.
Does the LIT ETF currently reflect the value of lithium stocks? Personally, I don't think it does anymore for ASX lithium stocks - particularly the near term ASX lithium producers. I certainly won't be using it as a major reference anymore for my lithium holdings.
With the recent departure of AMAL CEO and the recent news of TAW's Cowan assets to be spun out - major roadblocks for a merger have now been cleared. I also expect the spun out assets to be packaged into a new IPO later this year.
TAW probably one of the best stocks to see outany stock market volatility. Currently producing in the hottest sector in the market...
Novo Resources shares have significantly recovered from previous lows while market attention has focused on Battery Materials stocks. Now is a good time to review previous conglomerate runners as summer is now over in the Pilbara and exploration in the north can now really kick off. DEG and CDT are on my watchlist.