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78.0¢ avz minerals limited

Ann: Ministerial Decree Received to Award the Mining Licence, page-774

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You3OAte

6,499 Posts.

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06/05/22

10:24

Post #: 61245500
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Originally posted by Stickshift: ↑

This article reports on some of the allegations associated with the dispute. The actual situation is not clear to me.

This is the relevant text:

The Lubumbashi High Court issued a ruling in late December in the case of Dathomir versus the joint venture owned by AVZ that operates Manono, Dathcom Mining, AVZ's technical director, geologist Graeme Johnston, and Papalas Musagi Wabulasa. Wabulasa is the clerk of the Lubumbashi branch of the public entity that registers companies and changes to shareholders or statues, the Guichet Unique de Création d'Entreprise.

In December, the Congolese judges ordered Dathcom to pay Dathomir $50m and for Dathcom's share certificate of 30 August 2021 to be confiscated and destroyed. The court also found Wabulasa and Johnston to be guilty of forgery and requested Johnston's arrest. There have reportedly been appeals filed against the ruling.

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So this suggests to me that Dathomir have a case and AVZ is guilty of forgery, via one of their directors Graeme Johnston. Or have I got this totally messed up?

AVZ Price at posting: 79.0¢ Sentiment: None Disclosure: Not Held
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