For those who are interested how it all works, DRC mining code summery from DLA Piper
https://www.dlapiper.com/en/morocco/insights/publications/2018/08/democratic-republic-of-congo-mining-code/
The approach taken by AVZ the end game is
i
- AVZ 66%
- CATH 24%
- Government of the Congo 10%
- $240 million in the bank from sale of 24% to CATH
We will soon find out what the 15% is going to cost AVZ, however under the agreement and backed up by the mining code Dathcom cannot go to another third part to sell the 15%.
all will become very clear in the next 4 to 6 weeks + or - Congo time!
Good luck to all invested in AVZ
as per usual not advise DYOR
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