Running discussion on SP, page-71632

First 71632 Last

Share
Profile

Follow
HardTrader

523 Posts.

144

22/05/22

14:08

Post #: 61550089
Share

Originally posted by npontes: ↑

As far as i understand.
The first 15% AVZ bought from Dathomir for $20m mid last year was a scheme, the shares were fake and the court said last November it was illegal, voiding the transaction.
AVZ is back to 60% , $20m lost to a scheme.
The 15% that AVZ was still working to purchased has gone to Zinjin, it will not come back even for $150m as someone here suggested.
The 24% to CATH has a big question mark. If it is possible to withdraw from it, AVZ should do it, leave the contract to expire at the end of this month and the Australian Gov or a large Australian institution step in to purchase it.

Final shareholding should be
AVZ 60%
DATHOMIR 10%
COMINIERE 15%
ZIJIN 15%

The best solution for AVZ, it is to actually declares it was envolved on a apparent scheme, fire whoever involved, withdraw from CATH and partner with a strong entity such as the Australian Gov themselves and go mining.
Nevertheless, AVZ could be subject to a class action for not communicating the legal battle it had late last year.

I am heavily invested BTW.

yes, this is a hypothesis, but to be honest, it is looking like that is what is going to happen unless there were no court ruling in November as if, this legal battle never happened, but, does not look like it.

Expand

This makes no sense.

You say Dathomir ran a scam on us, for $20m and a court has said it was a scam.

But that Dathomir still holds 10%?

The *#@! are you talking about? Why would we not sue them?

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
23 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

There are more pages in this discussion • 11,154 more messages in this thread...

First 71632 Last

Add AVZ (ASX) to my watchlist

Running discussion on SP, page-71632

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Featured News