AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-81381

  1. 221 Posts.
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    The good news is we'll get clarity in the next couple of weeks. AVZ needs a capital injection - it will come from either Rocke of Cominiere ($30M in fines). The Rocke agreement either happens or doesn't by 31 March. If neither cough up then AVZ will need to update us on how they propose to remain solvent. For the record, it's a legal requirement that once a company can no longer pay its bills it's insolvent & cannot continue to operate. I'm not predicting an outcome, just stating the obvious. As I say, we'll get clarity about the company's future in the next fortnight.
 
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Currently unlisted public company.

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