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AVZ avz minerals limited

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Ann: Half Yearly Report and Accounts, page-14

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Mustang Elenoar

222 Posts.

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17/03/23

06:16

Post #: 66814387
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Originally posted by th3p4rk2: ↑

Terrible news! It literally could not be any worse! Page 7 says 'the company is confident of a positive outcome in relation to the award of the mining license pending the outcome of the ICC arbitrations'. Page 24 section 10 'contingencies' quite clearly states 'An award in both proceedings is unlikely to occur before September 2024'. WTF?! Maybe I'm interpreting it wrong but sounds like we should not expect this to be over for at LEAST another 18 months

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We will run out of money by then.

What a mess!

Hope Sept 2024 is a typo

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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Ann: Half Yearly Report and Accounts, page-14

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