Ann: AVZ to raise $15 million to fund Manono Project, page-334

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rastus64

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11/08/17

06:48

Post #: 26431845
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Originally posted by ConnerEx ↑

Finding it difficult to understand why sensible Aussie investors would risk investing in DRC...DFAT have even increased the travel warning ……

In March 2017, two foreign workers were kidnapped from mine sites in eastern DRC and killed. There is an increased risk of violent crime and kidnapping in the eastern and north eastern regions of the DRC. Armed groups are thought to be present in Virunga National Park in North Kivu, a known location for gorilla trekking. There are ongoing operations by the Congolese Army (FARDC) against such groups. Further conflict is likely. See Safety and security.

Australia does not have an Embassy or Consulate in the DRC. The Canadian Embassy in Kinshasa provides consular assistance to Australians in DRC, although the Embassy's ability to provide assistance outside Kinshasa is limited. Australians are encouraged to contact the Canadian Embassy to discuss emergency planning arrangements. See Where to get help.

Not to mention the sovereign risk of an opportunistic corporate raid by the government …the country is very unstable … if AVZ do end up with the worlds largest/most profitable lithium resource do you think the govt will let the revenues flow to foreigners. This play is for short term 10 baggers by SN and friends… be aware of his fluctuating support for whichever Li Project will generate short term capital gains for the clan…a master Li salesman IMO

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Im thinking avz might not suit your risk aversion profile. I don't think I'd book a vacation in drc but a quick punt on some drilling results should be free of conflict hopefully.
AVZ Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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Ann: AVZ to raise $15 million to fund Manono Project, page-334

Top Stories

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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