Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-113

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09/05/23

13:14

Post #: 67678452
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Originally posted by sydneyguy: ↑

Fair enough

as I said various detailed “ media” like civil society mention it- Avz of course don’t detail much- they are just “talking to drc”

15 m is not really out of ballpark as they paid 21 m usd for 15 percent purchase from Dathomir

15o m subsequent would be in line with what they have essentially sold subject to agreement to Cath

sadly the company did not broadly detail the sale to zjin minute- court cases or sale to zjin by drc until after the rolling suspension - Avz raised 115 m in capital in fy 2022 - but no one knew of any of this- sale to zjin- Dathomir cases until it was too late -and the subject was initially completely downplayed as they annouced the mining lic decree - all we were feed was Avz still in discussions with drc government about the purchase of additional 15 percent when in fact Avz was fully aware it had been sold and was involved in a dispute claiming the sale wasn’t justified

shortly after suspension they began the early works program-25 m for some camp works- drilling and studies - drilling now over- now the expense will come for the studies that will no doubt increase the resource and the reserve as per jorc standards and one would assume update the old dfs from 2020 which the company says actually is all that can currently be relied upon

I dont think there will be enough capital left to complete with legal expenses and liabilities and one has to also wonder what the break liability with Cath is- and how that relates to a basic cashflow qtrly statement bank balance

we know zjin purchased for 33 m , regardless of what was paid or how it was spent - revaluation on subsequent offers by Avz is spurious- merit less imo

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Very interesting

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-113

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