AVZ avz minerals limited

Ann: Clarifications on suspension and AFR articles, page-97

  1. 391 Posts.
    lightbulb Created with Sketch. 39
    When are Aussie companies going to realize that " facilitation " payments to third parties in Africa, and Asia are money down the shitchute and carry the risk of being seen as bribes by regulators. Remember Sundance? Generally if these " facilitators" ever had any influence with decision makers this can change as it is every man for himself. I still have horrible memories of sitting in an office in Lubumbashi listening to a lawyer we had retained telling us how much we would have to bribe the judge. And another amusing situation where the Minister of Mines in Guinea told me " Mr R , of course your company will never win a court case in Guinea, the judge needs money, the huissier needs money, everybody needs money, and the company C** is the only one with money. But a million bucks!!!??? Who was (mis)managing this? Looks like the wrong " facilitator" was paid off
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.