yes I should have said happy up until the point where AVZ and...

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Sediaws

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14/02/24

12:04

Post #: 72400122
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Originally posted by GiddyYup: ↑

Cheers Sediaws. Its a complex issue because most of the actual events have been obfuscated by the parties involved for their own reasons. Information which has leaked out has done so over such a long period and in such tiny pieces that its hard to put it all together.

Your above comment actually reminds me of another relevant piece of the puzzle. You said above "Dathomir seemed perfectly happy until the final payment was made". Admissions made by AVZ to the ASX suggest that this may not be the case. AVZ appear to have acknowledged receiving notification from Dathomir of their cancellation of the transaction on May 14, 2021, months before the final payment was made. AVZ never mentioned this to the market until questioned by the ASX in April 2023.

Again, AVZ were apparently aware of Dathomir's position and attempted to force settlement rather than seek arbitration. AVZ have stated that it was their legal position that Dathomir's cancellation was invalid so they just ignored it. AVZ obviously isn't going to tell us what specifically Dathomir said to them in that letter but its apparent that the dispute broke out in the first half of 2021, not after payment as shareholders have been led to believe.

Yes it may well still be a case of seller's remorse. On the surface it still looks that way but AVZ management have gone to great lengths to conceal the dispute from shareholders at every step. The question is what happened in early 2021 to cause the dispute and what was in Dathormir's letter to AVZ which AVZ management didn't want to talk about?

As you can see there is a lot more to this than meets the eye. We are all deliberately left in the dark and the failure to disclose key facts until forced to by the ASX almost 2 year later is concerning. AVZ actually took more than 2 months to construct a response to the ASX questions. I suspect shareholders footed the bill for a large number of chargeable hours from legal reps to prepare that response.

Again although I have nothing to gain either way, my sympathies are with AVZ shareholders and I hope this gets resolved in their favor. Its not nice seeing this drag on. I have no doubt management are doing their best to resolve it however lets also just keep in mind that in retrospect there is absolutely no doubt much of this should have been disclosed voluntarily and much, much earlier.

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yes I should have said happy up until the point where AVZ and its shareholders had progressed the project to a point that significant value had been added along with the lithium market at that time.

AVZ are yet to be wrong on their stance on any legal issue so far, hopefully it stays that way

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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