Tism, It is my understanding all conditions precedent have been met.
Blackrock royalty deal is concluded.
Bank Votorantim deal has successfully passed credit committee
Subordinate banks were doing due diligence and not unrealistic to think they may be approaching credit committe stage now as well.
We are getting close IMO. I'm sure the director's would love to be able to announce by the AGM and if not I expect it will be within weeks not months.
Also Tism, I don't understand why you think AVB won't be able to commence constuction as planned? We have both relevant licences.? The Vale reference you make is actually indicating that they are constructing? Don't understand your point?
AVB Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
