Ann: Annual Report to shareholders, page-29

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17/10/22

20:48

Post #: 64242938
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Originally posted by sydneyguy: ↑

Yeah well - some of the commentary by chairman and ceo - Just like some of thier announcements since the mining lic decree imo poor

But anyway -

looks like a possible error in report In Relation to their tenements interest which needs clarification or correction imo

Page 75-additional information for asx

List of current mining and exploration tenements

Monaro - claims 75 percent ( refer note 1)
Monaro extension project - pr4029 and 4030
Claims 100 percent

however- page 48-

clear states-

impairment taken of $643339-
refer to note2 at bottom of page -
impairment taken as they relinquished 50 percent of pr4029 and pr 4030

so that interest cannot be correct at 100 percent can it- or has the area been shrunk ?

given the amount they have been paid - and the ongoing problems in court more detail of which were only recently disclosed well after suspension- these sorts of errors don’t match the salaries imv

clarification of their interests - or a correction of interest in 4029 and pr4030 should be made

whilst they are at it- might as well put in an explanation as to how Avz and avzi were not a party to any of the court actions- yet they dropped recently they asked a judge to delete a minute in the dathcom register -presumably as they went as dathcom - a company they apparently claim they own 75 percent of

avz- avzi- dathcom

if dathcom has gone to court- Avz should have informed shareholders- I don’t need pages about misleading via omission from Avz given the situation being drip fed since the trading halt

anyway let see- my opinion is they are paid way tooMuch- an issue of a minute in their own dathcom register purporting to accept a sale of 15 percent to zjin by drc and we only find this out as they have a rant about boatman a month ago- mmmm

Expand

when renewing an exploration licence after 5 years under the Mining Code, you relinquish 50%

Dathcom has not gone to court

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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Ann: Annual Report to shareholders, page-29

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