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78.0¢ avz minerals limited

Ann: Arbitration request, page-323

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12/05/22

00:21

Post #: 61354399
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Originally posted by Chillaxed: ↑

I’m not sure what you are missing? AVZ announcement on Mining121 Presentation couldn’t be clearer…..75% ownership currently……sell 24% to CATH……leaves 51% controlling interest in Dathcom. If the DRC agree to sell their 15% in Cominiere to AVZ then AVZ goes to 66%. AVZ have first option on that 15%…..which Zijin claim they have bought……but they have been illegally sold that by Cominiere….so in fact have 0%. Zijin now in a fluff and making media reports which is what the AFR article repeats. Zijin in a fluff and know the stake they bought won’t stand up and now seek arbitration with AVZ to try and do some type of deal. AVZ standing firm on ownership 75% and first option on 15% Cominiere stake. If AVZ is that sure of their position then I would think they will ignore Zijin arbitration request and maintain the legal rights they have in DRC legal system imo

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Not a holder but would suggest if the shady deal stands Cominiere failed in their obligations for first refusal to AVZ then DRC should address thru a compensation amount to the tune of CATHs 24% be sought therefore CATHs cash not required…AVZ holds the additional 24%

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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