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78.0¢ avz minerals limited

AVZ/Dath hold 60% which is majority . Dispute is over 2 separate...

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wombat74

4,509 Posts.

1563

22/03/23

18:00

Post #: 66906325
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Originally posted by Suni ↑

Well I would not think so.

A ML would not be issued to anyone in the midst of a legal battle of ownership. It makes no sense. DRC issue a ML to AVZ for AVZ to lose the court case and then the DRC govt would have to start from scratch reissuing a new ML relevant to who the owners of the project.

ICC proceedings to be wrapped up at a minimum Sept 24. Absolutely no reason why that estimate could not blow out either.

The next hurdle is will the ASX allow AVZ to remain in suspension for another 18 months? Again, I would not think so. Management may wait for the lithium sector to turn around and run a bit hot and then bite the bullet and re-list.

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AVZ/Dath hold 60% which is majority . Dispute is over 2 separate cases of 15% .
According to the MoM she want's this sorted as a matter of urgency . Not sure how Sept 2024 and beyond would fit into her plans ?

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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