AVZ avz minerals limited

Running discussion on SP, page-84647

  1. 13,400 Posts.
    lightbulb Created with Sketch. 1255
    Sorry my figures were WRONG...! """Gee no one, wanting to pick that up...""""sneaky.png
    It was 6.5% difference so now AVZ only will own 44.5% of the project and will not be the CONTROLLING BODY..!
    24% CATH had...BUT now have 30.5%
    This info below, can be found in AVZ company ANNOUNCEMENTS ...so hope that is FACTS..!rolleyes.png

    As far back as September 2021, CATH agreed to invest some US$240 million (AU$366.7 million) to build the plant in return for 24 per cent of the project, eventually taking AVZ’s 75 per cent share down to a still-controlling 51 per cent.
    But now that agreement has changedRevised TIAConsiderationUnder the terms of the revised TIA, CATH will acquire an indirect 30.5% interest in the Manono Project,through the acquisition of shares in GLH (a wholly owned subsidiary of AVZI and the holder of legaltitle to AVZ's interest in Dathcom), for cash consideration to AVZ of US$259.25m

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.