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The worst time undertake a capital raise is when the shares are...

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eztrang

4,179 Posts.

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10/10/22

13:32

Post #: 64118679
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Originally posted by theghostwithin: ↑

No.
Most likely the partners of Zijin Mining Co were aware of the attempted coup, aware that Zijin would drag this through as many courts as possible and for as long as possible in an attempt to trigger a capital raise for AVZ investors.

The worst time undertake a capital raise is when the share price is at a bottom. This may very well have been an prchestrated and calculated attack on company share price by allys and partners of Zijin.

This does not change:

- What is under and above ground at Manono
- The AVZ relationship with local and national playmakers.
- The legally binding contracrual rights of AVZ to "exploit" (this is the term used in the contracts and MOU formed by congolese lawyers, inuding government lawyers) the minerals at Manono.
- Our positional seat at the table of the battery makers council.

Nothing has changed, except our competition grows more desperate by the day as their internal politics consume them and their geopolitical allys crumble around them.

Time is on our side, the tables have turned.

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The worst time undertake a capital raise is when the shares are suspended and no one knows if they'll ever trade again.

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