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You3OAte

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22/08/22

20:15

Post #: 63256655
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Originally posted by Roostar: ↑

IMO, Zijin could double AVZ's original offer of 150 mill and it still wouldn't match future stock value via access to ASX listed AVZ, plus dividends.

Roche Dure and Carrier D'Lest is only set to increase massively in size with current and future drilling. Other things to weigh up...other than fast money now, what exactly could Zijin bring to the table...lower safety standards perhaps?

I dare say this was merely a buy and flip for profit game from Zijin.

Ultimately, I see Zijin now merely trying to avoid fines and save face with China, as this debacle will have brought massive shame and embarassment to them and will reflect poorly on China as a nation. Stating their giving back any percentage of holdings is a joke...they never had anything to begin with. All they essentially did was make a party donation to La Comminiere for snacks.

I dare say the next phase will be some kind of legal recourse placed upon Zijin by the DRC govt. The IGF report made it quite clear Zijin were comlicit in acting illegally with La Cominniere to secure somthing neither of them were entitled to negotiate on. Therefore I highly doubt we will see them sniffing around Manono again...certinaly not directly, or with the blessing of the DRC govt.

Also, Im not so sure this will result in an ASX announcemnt as it still doesnt offically solve the reason we are in suspension.

We need an announcement confirming our ML , PLUS exploration/mining rights to the northern area that is rumoured to be missing from the orginal awarded ML.

I am not privy to the exact details on this so happy to hear info from more informed holders.

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When you play with the Chinese, it almost always ends in tears. In Africa, relying on the law of the land, is fraught with danger. Highest bidder wins.

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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Running discussion on SP, page-72696

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