Ann: AVZ Successfully Restrains Dathomir, page-64

you point doesn’t make any sense and it’s not original - many have pointed to this as the reason but it’s without foundation

the inferred resource update just released was a result of money expended for drilling mainly in 2018 and finished in 2021- it’s 2023- the results of this drilling should have been realized long before most of the legal issues started- released long before the mining lic decree and subsequent suspension- explain why such information was not calculated and or released years ago—- it’s simply an inferred resource estimate based on a series of drill holes( some holes
From 2021 most from 2018)

the spending of approx 36.5 m on exploration in ThIs last financial year , when Avz was suspended prior to the start of the financial year - a year that has seen it pursue its legal strategy and which it now confirms it needs 20 m usd to see it to a conclusion is very poor capital allocation and easily foreseeable

not only does Avz now say it needs 20 m usd , approx the same amount spent on exploration last year - there is nothing actually on paper for that money spent whilst it engaged in more and more legal issues —- there is no updates r and r on the ground drilled- updated 2020 dfs etc, remember the update the other day did not stem from all this spending

there is no claim from parties in the jv or the government released to date stating Avz have not progressed the project in terms of drilling and or releasing resource and reserve information and that it failed to do this and hence actions have been brought against Avz - the idea avz needed to keep spending on a confirmed jorc resource and reserve as being the basis for all the jv partners disharmony - and then reasoning for cancelling the mining lic decree os totally baseless and unfounded——

I warned last year there would be more actions, Avz should stop spending on exploration as the resource and reserve was already” monster” as it would see more actions and eventually run out of capital if it kept spending - and that has been correct, more actions received against Avz - more actions taken by Avz , decree cancelled and the company is undergoing dd to secure a 20 m usd facility as it’s short of capital