Yes AVZ can offload the project and avoid having to go through any of the FIRB song and dance.
BUT under asx rulings AVZ would need to bring another project on board ; a company needs to have a material project ; can’t operate and stay listed under asx rules unless you have a project on hand.
so for the ‘we are going mining ‘ and for the ‘I want a TO’ crews ; a decent indicator ( or not for the ‘we go mining crew ) ‘ would be if the company popped out with another exploration project …. Sure , companies can have multiple projects , but do you have multiple projects when you have a project with already stretches the companies capabilities .
If another project comes on the scene , we’ll that would be a green or …. Red light which ever side of the fence you sit on IMO.
Logic , signs and asx compliance tickers for the Sherlocks
