“Only a fraction of the US$5.5M purchase price is required upfront, with the balance payable at any time over a 36 months period.”, NF many times over …
Paying the additional Aus$8M to Dathcom via additional massive dilution to current shareholders again and sooner than later is oresomely unnecessary. AVZ had 36 months to make that payment and could do so as part of the project finance funding, in particular after Lithium 2.0 has taken full flight in the next 12-24 months. Murky water indeed …
Either the squeeze has been put on NF or he is looking after his well connected allies, or both. Not happy when we shareholders were told that AVZ is fully funded to the completion of the DFS. Another furphy perhaps and still no chairman or update.
The one step forward and two steps back scenario continues for AVZ, is being maintained by ND, the level of corporate governance is questionable and is not a good look. Patience is running out unfortunately, the B team remains in place for others and this is most disappointing.
…………………………………………………………………………………………………………………. Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
AVZ Price at posting:
4.6¢ Sentiment: None Disclosure: Held
