Im sure CATH is just as frustrated as everyone else with the...

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Roon-Aus

1,021 Posts.

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15/06/24

13:36

Post #: 74330544
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Originally posted by Azzler: ↑

Great points Cobber, I'd like to add an alternative to the narrative that CATH are against AVZ.

CATH's interests are in themselves, which is expected.
There was a concerted effort to overthrow the board and sell AVZ''s assets for cheap or nothing.
CATH would have been approached by Zijin, or agents of Zijin direct or indirect (MMGA) telling them they will be a part of the project if they back voting Nigel out.
I'm guessing they spun a bunch of bullshit convincing them they had the vote in the bag.
In fact now that I think about it, they way MMGA pressed their campaign despite having legions of shareholders telling them to get f&*ked and die, might have been a propaganda move to get people like CATH to vote with them.

Cath just want to be a part of the project.
They probably reasoned that if the vote was lost, Nigel would probably still go with them, business is business.
All comms from AVZ seem to indicate that Mr Pei was very legit in just wanting to get the project going, I don't think he cares who it's with.

From what I know CATH and Zijin are most definately NOT aligned.
Who knows what the final cut will reveal but I don't believe CATH plot against AVZ, and there's no reason for them to be loyal to AVZ.

Expand

Im sure CATH is just as frustrated as everyone else with the lack of progress. They no doubt saw the removal of Nigel - whom Zijin and MMGA etc cite as a roadblock - as a means to progress the Project towards development.

This is understandable given their need for offtakes. Now that this plot didn't work (at least for now) there is no real reason they wouldnt go back to supporting the board.

They just want the ore being dug out of the ground and will likely back whoever can get this moving, rather than remaining mired in complex legal actions for years going forward.

I dont blame CATH for their part in the gambit, and though i don't really believe anymore that we'll go mining, i would remain content to work with them should we be able to position ourselves a way out of this mess.

Last edited by Roon-Aus: 15/06/24

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