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78.0¢ avz minerals limited

Ann: Removal from Official List, page-215

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reddeer

1,174 Posts.

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21/05/24

15:03

Post #: 73936468
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Originally posted by WelshBuffett: ↑

The issue here, as you have correctly identified is the fact that on the balance of probabilities, there is a high chance of success in obtaining judgements in AVZs favour. The issue will be enforcement. That will be extremely problematic imo, in terms of time taken to get $$$, cost in paying legal to enforce, and amount received at the end of thn process.

I still think the company should have TH, dropped the news and let Mr market decide the price going forward
and let SHs exit. The decision to suspend, has left SH in a much worse position, with some scrambling to get out for pennies.

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Welsh,
Do you have reasonable certainty that some are getting out for pennies. I have never owned this stock but it was very strongly pitched to me around the 60c level from memory. Consequently I follow it from time to time. Not saying I would by now but still interested.

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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