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AVZ

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78.0¢ avz minerals limited

Ann: Dathomir Dispute Update, page-30

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819 Posts.

218

02/11/23

15:58

Post #: 70693665
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Originally posted by sydneyguy: ↑

sadly imo Avz response imo was totally vague and meaningless and attempt to cover their gross non disclosure of previous material issues relating to Dathomir settlement

end of the day- Avz did not disclose the Dathomir dispute immediately settlement fell over- the tribunal and court rulings , criminal charges damages claims, awards, appeals and actions

this dispute started and was ongoing way way way before the general finance inspector was appointed and did their report, well before the supposed hack or before they entered into discussions with dathcom shareholders past and present , stakeholders etc or before government ministers were appointed to investigate drc mining assets and the inspector of finance report

before any of these investigations reports hacks etc Avz should have informed the market about the sudden Dathomir dispute , and I’d argue it misled investors and those it raise mega millions from by not disclosing a dispute surrounding no settlement with Dathomir, tribunal crazy charges and awards which affected its 75 percent claimed ownership, which then tainted its claimed future shareholding post the catl deal

all the things they vaguely express as reasons for non compliance and thier ultimate asx suspension occurred way way after the Dathomir dispute broke out , as can be seen today it ( Avz) was frantic taking multiple , the ceo of dathcom had been charged with forgery and the company was appealing this insane situation

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Originally posted by Lithium_King: ↑

The document does not read well for avz unfortunately

- the extra 15% they said they had isn’t really as the money is in escrow after being returned
- criminal charges against mr Johnston (avz claim to be false)
- dates into 2024 regarding preliminary hearings on cases
- potential to negotiate now (smart play from management)

I do feel like this is everything from management now, which is a good thing as it paints a clearer picture of what is happening in the background.

I fear Re-compliance with the ASX will be a nightmare, they will not make it easy for avz

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you 2 are unbelievable, we were only discussing the other day if AVZ had completed the transaction or not. This definitively states they did send the funds to dathomirs account in full and on time. The fact they got returned and are now in escrow doesn’t change the fact they were paid and received. Tell me I’m wrong again….

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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7 Great analysis

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