AVZ 0.00% 78.0¢ avz minerals limited

Ann: Extension of End Date to CATH Transaction Agreement, page-44

  1. 142 Posts.
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    I agree, I think something has changed, despite no news. This is a massive project. Still no updated DFS or FID but SP continually going up which is great for us SHs. I am thinking outside the square and if I was CATH I would want more based on the scope of the project. We might find that during next month a takeover could be on the Table. Nigel could be negotiating a hefty price based on the projected size of the total project and offer to stay on Board to assist the DRC. Think about it, AVZ doesn't have the depth of talent and expertise to take this all the way to production and beyond. Yes , we could engage other consultants and companies experienced in this are to take this forward. CXO MD has just announced his departure based on a similar requirement to get an experienced MD to take the project forward in Darwin. But that project is in Australia not the DRC. We still have a long way to go to develop the mine before anything is really produced for export. Nigel's also not getting any younger, like a few of us SHs so what a great outcome it could turn out to be if the Takeover could produce an outcome of $3.00 or more. I was only waiting for the ML and revised DFS to be produced and I was cashing my chips in. Its been a wonderful ride so I am looking for April to be decision time for me.
 
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