I don't like anything about this announcement, except that we are still in trading halt. My hope was that the arbitration request would be considered spurious and thrown out. Now we are debating jury/arbitrator panel composition.
With AVZ being my largest single holding, I am also unhappy with mining licence not being a done deal. The Law seemed to suggest that we can get it automatically through courts 30 days after completing all requirements. I was also confused, probably my mistake, by assuming that Dathcom owned Roche Dure but Carriere was 100% ours.
CATH continues to date us but keeps pushing off the wedding. I am assuming they have an understanding of Zijin's game and want to be sure it's addressed before taking the plunge.
My conservative scenario now is that AVZ can lose 15%. Unlikely, but no longer impossible. I think even with 51% stake, the stock is seriously undervalued but some of the sheen is lost.
