AVZ 0.00% 78.0¢ avz minerals limited

Ann: Suspension from Official Quotation, page-82

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  1. 68 Posts.
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    The arbitration is on a 15% that AVZ doesn't own, but they have an option to buy for a price. The rumoured court case by Dathomir is a ruse to delay things. These are just corporate games.
    I will not be surprised if the 15% dispute by Zijin get resolved out of ICC. There is corruption over there at DRC and a minister is rumoured to be involved, so DRC govt would encourage AVZ to settle and not to press things. DRC will get the money (US$150M) from Zijin for 15% and AVZ may let go their option for that 15% and Dathomir withdraw their court case against AVZ. This will provide clarity to market and share price will go up.
    If this happens, I think it is a good outcome. Zijin's mining expertise in DRC will be very valuable for fast tracking the project and 24% CATH is basically a user. DRC govt is supportive of AVZ, but they may also have doubts on AVZ's ability to develop a 10M tonne mining plus PLS and other activities with a skeleton staff within 18months.
    Just my view, looking at it with a different angle.
 
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