The delisting was a major setback, but AVZ hasn’t waved the white flag just yet. They will press on with their lawsuits, with the $4 million they have left and the hope the due diligence funding lifeline is approved. But there are no guarantees. If the deal doesn’t come through by May 31st, it could have significant financial implications. Investors, who have already endured so much uncertainty, understand that voluntary administration may be a possibility.
The stakes are high: As of May 7th, these critical issues remain unresolved:
- The financing term sheet of the $20 million loan: Can it save them?
- The ICSID Ruling: Will it finally restore AVZ’s rights to Manono?
- The status of the mining license: Will AVZ be able to secure it?
Full article here !seems to be a pretty comprehensive re-cap of events from go to whoa .
