To be fair to Obe likely he was convinced by the misinformation given to sophisticated investors and industry.
Not sure which one he went to but I wasn’t convinced hence my change of stance since that road show.
My view from that time was to match the ZJ and pay the customary dues required to get it over the line.
The BOD’s naive responses following the DRC law bemused me. The business norms in DRC is well known.
in a nutshell the differences between tier 1 jurisdictions and DRC is not that different ie all tier 1 countries have codified handouts to create work/welfare programs and native title holders.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held