AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-71171

  1. 13,171 Posts.
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    YOU ARE CORRECT

    everyone please note

    I am on the road and can’t reply in easy detail

    Avz purchased the first 5 percent from the drc
    Reducing their holding from 30 to 25
    Dathomir remained at 10 percent- its oringal
    Holding-
    Avz went on to Describe this shareholding but needs to clear up who it entered into agreements with in the description I have followed

    Avz go on to say this 5 percent is approved in meeting and reduce the governments shareholding by 5 percent to 25 and leave Dathomir at 10 percent

    THERE SEEMS TO HE AN ERROR IN SOME DESCRIPTIONS IN THE first part of OPTION AGREEMENTS FOR THE FIrst 5 percent

    following is acquisition agreement
    Avz 60 percent
    Drc 30 percent
    Dathomir 10 percent

    Following that

    options agreement for 5 percent
    Note the description who they are entering into agreement Dathomir yet they say it’s approved and government are reduced from 30-25
    Dathomir stays at 10 percent

    Avz need to Clarify this announcements- maybe there were some round Robin where dathomir bought 5 percent off government and Avz bought that 5 percent off Dathomir or the description was wrong

    either way- Avz said it had a meeting - the 5 percent was approved and registered etc

    following that

    Avz starts describing shareholding
    Avz60 plus 5 option
    Drc 30-25
    Dathomir 10 percent


    Following that

    Avz entered into an agreement to purchase Dathomir a 10 percent
    It then raised capital and said it settled- registered everything etc

    meaning
    Avz 75 percent
    Drc 25 percent
    Dathomir 0 percent

    well spotted as descriptions from the 5 percent seem To be wrong in part of the announcements

    or perhaps 5 percent had been purchased by Dathomir from drc and Avz bought it

    either way 75 Avz 25 drc
    Avz need to clarify or some contributor needs to
    Detail this in a simple Chart

    so started here
    D195ADA1-8330-42F3-80A9-BA0A6AA17012.jpeg
    Avz 60
    Drc30
    Dathomir 10

    options agreement for 5 note descriptions and subsequent shareholding descriptions

    drc drops To 25 from 30
    Dathomir remains at 10
    Avz 60 plus option 1E213E19-2E69-477E-B5ED-88CD76CCB520.jpeg 6B06DEAF-8849-458D-9142-D853ED846FDC.jpeg

    Avz then entered into agreement to buy dathomirs 10 percent- it does capital raising -
    Settles and registers
    upload_2022-5-13_9-34-35.jpeg

    Not sure what has to happen but clarification needs to occur on the 5 percent transaction

    seems

    To be incorrectly described -
    Payments to Dathomir yet drc shareholding drops

    either way
    sure Dathomir can’t sell 10 percent( the amount used in the 10 percent option to Avz- if it was described as the seller of 5 percent in the previous option as it wouldn’t have had that amount to sell

    it was the government that sold the first 5 percent as per the shareholding descriptions but the transaction seems
    To have been paid to Dathomir

    Avz need to clear this up-

    or
    Someone please read again

    the original purchase for 5 percent option -

    vs original ownership

    - vs the shareholding as described
    Post 5 percent option squired which showed Dathomir at 10 percent and government t drop to 25 percent
 
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