Edit: Reply to
@StockinvestingBased on what, exactly? All seems like a mess, to me.
Management's communication to shareholders during this period has IMO been dismal. I mean after a TH and several voluntary suspensions and extensions nobody here can even say with any certainty what the hold is about exactly, beyond the vague "our mining and exploration rights". Is it regarding the 15% Zijin claim? Is it about the 15% Dathomir claim? Is it about the IGF report findings, including the 5% Cominiere/Dathomir sale? Is it about the Mining Licence? Is it about the Surface Dues? Is it about the revision of tenements into a mining permit and another exploration permit? Is it about all the above? Is it about the review of mining licence decree whilst ownership is worked out?
I understand that we can't be privy to all workings, but we are the shareholders of a major prospective miner, many of us with large amounts of tied capital, and who yet are essentially completely into the dark as to what's progressing in the background.
Which, might I add, seems to be a perennial problem with management, given their apparent awareness of these ownership disputes from around this time last year - which somehow were deemed non-material yet are seemingly resulting in where we are stood today?
I remain yet hopeful of a positive outcome (which IMO certainly includes 51% AVZI holding of Dathcom, or 60%, or 66%), ideally without Zijin involvement given these shenanigans. However I question how any here (and there appear to be many) are viewing this situation in a glowing light, and even praising management for their actions.
Anyway, we will see what happens, but I honestly now expect this might be a long road that we're just beginning to trod - with some likelihood of legal action to unravel. And who would an extended period of uncertain reward? Certainly not the DRC (or AVZ) in my opinion, so hopefully the government can see their way through towards action to get this Beast of Manono moving - and in the 'right' hands, that will do their best to support the local people and interests whilst maintaining profits. I think we all know who that is!
