AVZ 0.00% 78.0¢ avz minerals limited

Lots of talk about future financing - capital of course they...

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    Lots of talk about future financing - capital

    of course they need to do that as the cash is critically Low as there was a lot of current liabilities on the books at end of June

    so hear comes an expensive nose bleed dilutive deal to keep the game going

    super odd I read this for the first time


    “The Company’s lawyer in the Democratic Republic of Congo “DRC” holds US$20 million in escrow for the benefit of Dathomir for completion of the 15% share purchase in Dathcom Mining SA in 2021. Since the successful completion of the Dathomir share purchase agreements the Company holds 75% of the shares in Dathcom Mining.”

    Still doing evaluation expenses qtrly on ground it knows it doesn’t even have a tenement currently listed for—- for a resource and reserve that was already mammoth —- ridiculous use of funds over the last 12 months when they have know about these issues for years

    thanKs for telling us the the drc lawyer holds 20 million in cash for an incomplete options deal—- if Avz still have the money then it’s not settled - odd they are holding - sorta really opens you mind when you hear about share certificates and fraud- Avz lawyer still Holds the cash for completion -

    surely they should have said years ago when they raised the cash for settlement of the options - errr it didn’t actually settle! !!!!! But they annouced and said some things that don’t imply the lawyer was still holding settlement funds — classic
    Last edited by sydneyguy: 31/10/23
 
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