AVZ Minerals Share Price Continues to Shoot Up

This morning AVZ Mineral Limited [ASX:AVZ] shares rose 12.28%.

Their market cap stands at $575.39 million and Enterprise value at a steady $419.03 million.

AVZ shares have been significantly increasing since October last year, as they have gone through comfortable growth from late 2017 and into 2018.

The lithium mineral company has risen 30% in shares since the beginning of 2018.

Their return on assets have seen a slight dip by -4.70%, as well as their return on equity falling by -10.17%

AVZ have been busy lately

Their first drill hole of a massive 20,000 mater drilling program has progressed to a 295 metre pegmatite.

The Roche Dure Pegmatite which is a part of the Manono project, proved to be thicker than they anticipated.

AVZ hold 60% of the entire Manono project, as they fund the expenditure to peruse completion.

They have received outstanding results from the initial drilling program at Manono in 2017.

Last December they hit record high on lithium potential, as they could be the largest source of lithoid in the world.

They have identified the largest areas containing large quantities of pegmatites, as well as smaller areas containing spodumene and other lithium materials.

Last year the company signed a Memorandum of Understanding with Shanghai company Great power Industry Co. Ltd for further investment potential.

How will AVZ continue to breach successful boundaries?

AVZ Minerals Limited will continue to explore further mineral properties in Central Africa.

Chris Pash from Business Insider Australia states:

AVZ will pay state-owned enterprise Cominiere $US6 million ($A7.8 million) in cash in instalments over three years and privately-owned Dathomir Mining Resources US$750,000 ($A980 million) in cash plus 260 million shares. Other related parties get another 160 million shares.

So far their drilling and sampling has produced results from a minimum of 1.43% of lithium to a maximum of 4.46% lithium, a further increase in results is anticipated.

Hinges on the 20,000-metre drilling program is expected to be completed by March or April this year.


Ryan Dinse,
Editor, Markets & Money

PS: Our dollar value has been taking hits since 2011 and has been moving up and down ever since. It’s just so unpredictable! Greg from Markets & Money offers advice in his free report titled, ‘Why the Aussie Dollar Could Crash in 2018’, which provides interesting advice in regards to the consistent down fall in the Aussie dollar.

Ryan Dinse is an analyst at Markets and Money. He has two decades of experience in financial planning, equity analysis and credit markets. Ryan combines fundamental, technical and economic analysis to identify and invest in good ideas at the appropriate stage of the economic cycle. He has a strong interest in technology, economic history and disruptive business models. His focus at the moment is as lead analyst on two of our most recent and innovative investor services, Crash Market Investor and Sam Volkering’s Secret Crypto Network. He will write about the exciting opportunities for investors to benefit from significant changes in world markets. He is a member of Fintech Australia, a former member of the Digital Currency Council, and is a fully accredited financial adviser.

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