AVZ 0.00% 78.0¢ avz minerals limited

AVZ CEO proposed paying Congo middleman $US6m in cash, shares to help obtain lithium mining licence, page-57

  1. 2,977 Posts.
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    glad we are agreeing hoots

    Positives
    1) AVZ is playing the game that needs to be played in these countries - Connections
    2) AVZ has followed proper governance in engaging Marius, that protects us al
    3) AVZ is aware of the landscape and has a strategy - doesnt feel that way at times
    4) If AVZ does get into the midst of having to negotiate, Marius is a good person to have on our side

    Negatives
    1) Thats alot of money to pay especially given we only have 36m to work with - 10% seems alot
    2) I don't think anyone in DRC would get that type of fee -I am not sure what promises Marius made to warrant that but we dont see the value if we have paid this
    3) There doesnt appear to be a value-add outcome from this engagement - thats not a a good Return on our money; at least the jury is out - time will tell


 
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