Fake news - Article is a poorly written and factually incorrect/unresearched and is a work of fiction IMHO. At best a misinformed investor. At worst a sponsored downramper trying to scare holders to sell to get a cheap entry himself or for others. Why do I think this?
1. Zijin (Listed in China) There is nothing in Zijin stock market Ann's relating to AVZ. Link below is to their website and their stock exchange announcements. Look for yourself. AVZ have to my knowledge never referenced Zijin in anyway. 2021_zijinmining
2. "...It should be noted that AVZ is a company listed on the Melbourne Stock Exchange..." ASX Stock exchange in Melbourne?? has its moved?
3. "..Five years after the creation of the joint venture, no significant activity on the site...." Well there is the resource drill out, 400mt JORC, Metallurgicals, Feasibility study, Camp construction, offtakes , and JV ann and Application for Mining License. There is 10mt revised DFS on way with multiple downstream plants like the PLS , Seems to me that there is plenty of activity going on.
4. Author has a twitter account since 2013 and is clearly from the DRC. But has very few tweets in his account. Any one know of a journalist who does not self promote.
5. AVZ has 1st right of refusal for remaining 15% of Company (excluding Govt 10%) as it should be given AVZ is the current majority holder. Zijin is not and never has been in the picture according to their stock market announcements,
6. "...As AVZ's offer is inferior to ZIJIN, it cannot block otherwise it abuses its majority. In addition, another shareholder, DATHOMIR, did not object to this transaction. When AVZ purchased an additional 10% of project last year it officially ended Dathomirs ownership in the project So the fact that Dathomir did not object was because it was not a shareholder anymore. Another factual error by the author.
I could go on and on and on .... but I think you get the jist...
