AVZ avz minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-91

  1. 13,192 Posts.
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    Hi
    As I said how the drc government accounted for or spent 33 m or any part they received is a matter for the government of the drc not for Avz shareholders

    there are plenty of media articles stating 15 m offered by Avz and that subsequently Avz offered 150 m but I think offering something after a transaction is done and after you have used your first right is a farce in then being able to revalue something and claim someone has been shortchanged - the entire argument swirling around in igf and media is that drc only got 33 m( a deposit only paid that was squandered) when it was worth 150 m ,

    but it was worth 150 m because and based on Avz “ subsequently “ offered 150 m


    Plenty of media articles about the sale talking drc to zjin - about how much Avz offered and subsequently offered and how the assets was sold below value posted on threads

    as it turns out- zjin paid 33 m or a deposit for 15 percent of something now with no pathway to a mining lic as the decree has been cancelled and still Appart from vagueness- there is no concrete way forward- Avz was getting legal advice and is still talking to drc but shareholders have no idea if a new decree will be announced- drc has made it clear stakeholders need to sort out disputes
 
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