AVZ 0.00% 78.0¢ avz minerals limited

Ann: Arbitration request, page-271

  1. 3,076 Posts.
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    I’m not sure what you are missing? AVZ announcement on Mining121 Presentation couldn’t be clearer…..75% ownership currently……sell 24% to CATH……leaves 51% controlling interest in Dathcom. If the DRC agree to sell their 15% in Cominiere to AVZ then AVZ goes to 66%. AVZ have first option on that 15%…..which Zijin claim they have bought……but they have been illegally sold that by Cominiere….so in fact have 0%. Zijin now in a fluff and making media reports which is what the AFR article repeats. Zijin in a fluff and know the stake they bought won’t stand up and now seek arbitration with AVZ to try and do some type of deal. AVZ standing firm on ownership 75% and first option on 15% Cominiere stake. If AVZ is that sure of their position then I would think they will ignore Zijin arbitration request and maintain the legal rights they have in DRC legal system imo
 
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