AVZ 0.00% 78.0¢ avz minerals limited

Absolutely! And there is nothing naïve about it. The...

  1. 331 Posts.
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    Absolutely! And there is nothing naïve about it. The announcement makes it crystal clear by stating that:
    • "the Tribunal Decision does not purport to (nor does it, in fact or under DRClaw) have any effect on AVZ’s 75% equity interest in the Manono Project, to which AVZ holds good legal title" where AVZ's announcement dated 29/10/2021 stated that: "Share certificates [from the 15% acquisition] have been awarded and registered at the courts in the DRC."
    • "the Tribunal Decision does not purport to (nor does it, in fact or under DRClaw) have any effect on the sale and purchase agreements under which AVZ acquired that interest (which AVZ has dulyperformed and completed and which have not been terminated or annulled by any order, letteror otherwise)." This sales purchase agreements were fully executed with the payment of US$21m to Dathomir. And...
    • "he Tribunal Decision is the subject of a request on 1 February 2022 by the DRC Minister of Justice, that the DRC GeneralInspectorate of Judicial and Penitentiary Services, examine the case and that, pending theexamination, nothing be done on the case".

    It seems Dathomir is not happy that they sold 15% too cheaply for US$21 and now trying to find some dirt to see if they can get more money from AVZ.
 
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