Ann: Clarifications on suspension and AFR articles, page-25

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Eyeman

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10/02/23

20:56

Post #: 66189070
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Originally posted by 5hareholder: ↑

Poor AVZ.

There are some pretty clear signs here that they are getting very desperate to save face, and I'm afraid to say this has some pretty large red flags:

1. The reference to incidental expenses. Surely immaterial unless you are concerned over cashflow?
2. Why bother with addressing the AFR. If it's unsubstantiated, and the stock is in a halt, it has absolutely no relevance at all. To address it means there must be some substance to it?
3. The timing, late business hours on a Friday. The BoD must be thinking "we need to get something out, anything!". It's totally unnecessary to release news at these hours when the stock is in a halt. Why not wait until Monday, or clarify it within the same day as the AFR article? It reads as indecision and panic.
4. They allude to a leak, but can't identify who or how or why. What confidence do we have in the governance of a project of this scale, if the news of a $1m appointment cant be traced back to the source of the leak?

This is emerging as a really telling story of the risk of investing in DRC, geopolitical game theory, information power and, above all, corporate governance.

This announcement really does not help whatsoever.

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Maybe your last point is why they released it. They want discussion in the press of how risky the DRC is and maybe they think this will shame the corrupt ministers into action. I don't but maybe that's their low grade effort at putting pressure on through the press???? Just a thought
2 Upvote

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Ann: Clarifications on suspension and AFR articles, page-25

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