“The potential class action claim represents AVZ investors who bought shares between May 17, 2021, and May 6, 2022, when the miner went into a trading halt that is now more than seven months long.” - from articleShare price on May 17 – around 16 cents
https://hotcopper.com.au/search/144...&c[visible]=true&c[tags][0]=AVZ (ASX)https://hotcopper.com.au/threads/the-future.5362741/page-927?post_id=53235245Imagine getting involved in a class action against the company because the last closing price of 78 cents at time of suspension is 5 times your purchase price of 16 cents and the peak price over the year was around $1.37 
This is what they mean by clown world I guess.
From memory,
AVZ probably did not even cross 78 cents all of 2021 or was very closeto 78 cents at year end but still took a
sharp pull back at end of 2021 to 50-60 cents– so struggling to see who lost money in 2021.
To each their own but AVZ directors have my absolute full support. There is zero thought of any class action and I’d like them to continue to devote their full attention to the multiple attacks to the company from all angles all year round.
As far as time length of suspension, I for one am happy to wait as long as it takes for things to get resolved. That is the one thing shorters would absolutely hate because
shorts thrive on uncertainty and chaos. Oh and don't forget the borrowing costs.
In any case though, AVZ have said at shareholders meeting that suspension was mainly for mining license - so can't see how anything else is relevant right now. As many have said, obviously AVZ has kept ASX informed of all material disclosures.
