AVZ avz minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-63

  1. 13,192 Posts.
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    probably mate

    I’ve suggested in the end we may own 75 percent of dathcom which never gets a mining lic and is worthless

    as it turns out dathcom which Avz is fighting to confirm ownership of no longer is listed as the tenement owner as you point out

    so Avz then Amped it up ( knowing jv dissolved last year) and says they can’t dissolve it, (the jv ) and seeks to have this protected by emergency orders

    Even if they win and they win the jv case and tenament put back in dathcoms name then the government still has to issue a mining lic

    Avz only woke up to that and decided to go to iscid to force a few months back

    with so much money wasted suring up more ground which is now listed as someone else’s Avz cash position is poor and when you consider liabilities even more dyre , hence the appointment of advisor to raise even mooooooore capital

    if I was Dathomir knowing how Avz has spent it’s money- what the government has done in terms of removing dathcom from the register - I’d just say ok here are the shares send me the 20 m

    then Avz is back to owning 75 percent of dathcom which is not listed as holder of tenaments - still fighting for ability to buy 15 percent from drc who just got zjins shares back in dathcom and nooooooooo mining lic and still in court in iscid seeking something there in terms of mining permit and or damages - meantime they need to raise capital and spend it to get all this resolved

    the current board are expensive- have not disclosed information- are fighting over a company they say is worth billions but it’s market cap only got to billion because they didn’t disclose to buyers/ shareholder disputes with Dathomir - or sale to zjin whilst it was trading

    it’s crazy town down at Avz

    eventually imo the directors ,officer, executives and legal representatives will be sued for investor losses, insane lack of material disclosures imo- huge misleading statements by the company
 
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