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78.0¢ avz minerals limited

We should re visit this post for friendly relations with Zardoz...

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Arnobay

1,130 Posts.

344

15/04/22

21:27

Post #: 60875942
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Originally posted by Zardoz: ↑

The ML is a slam dunk now but as an ex member of acquisition teams for two majors, what institutions will buy when the market value for 51% is already over $4 billion and Nigel doesn't have a tax deal with the highest taxing nation in the world, though he's said it was imminent for how long now -18 months? oh and it's also DRC.
I'm sure the Chinese want it and that is where it should have been long ago. But still $4B. Lots of scuttlebutt that it is overvalued and people have got too excited. The Board never expected figures this high. They expected a takeover at a lower price long ago, but no non Chinese organisation was interested.
Should we even believe his crew given the lies about the licence being imminent when they definitely didn't have financial capacity?
plus other risks out there for those of us who have read the FS.
I've sold. Risk vs return.

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We should re visit this post for friendly relations with Zardoz , when the share price hits $10.00 which will be before the end of 2024. We don't have to listen to far fetched ideas as we all now how keen the DRC is to get this mine up and running.
Nobody tell our friend that in 2020 the DRC had the lowest tax rate in Africa.

AVZ Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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