Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Ann: Suspension from Official Quotation, page-91

First 91 Last

Share
Profile

Follow
thorgin

426 Posts.

237

11/05/22

13:40

Post #: 61342099
Share

Originally posted by smileatme: ↑

The arbitration is on a 15% that AVZ doesn't own, but they have an option to buy for a price. The rumoured court case by Dathomir is a ruse to delay things. These are just corporate games.
I will not be surprised if the 15% dispute by Zijin get resolved out of ICC. There is corruption over there at DRC and a minister is rumoured to be involved, so DRC govt would encourage AVZ to settle and not to press things. DRC will get the money (US$150M) from Zijin for 15% and AVZ may let go their option for that 15% and Dathomir withdraw their court case against AVZ. This will provide clarity to market and share price will go up.
If this happens, I think it is a good outcome. Zijin's mining expertise in DRC will be very valuable for fast tracking the project and 24% CATH is basically a user. DRC govt is supportive of AVZ, but they may also have doubts on AVZ's ability to develop a 10M tonne mining plus PLS and other activities with a skeleton staff within 18months.
Just my view, looking at it with a different angle.

Expand

>Zijin's mining expertise in DRC will be very valuable for fast tracking the project and 24% CATH is basically a user.

Bull. stop trying to plant these seeds (you and all the others) that it's ok to let zijin in. they can not be allowed.

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
32 Upvote

2 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 91 Last

Add AVZ (ASX) to my watchlist

SPONSORED BY