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78.0¢ avz minerals limited

>Zijin's mining expertise in DRC will be very valuable for fast...

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thorgin

423 Posts.

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11/05/22

13:40

Post #: 61342099
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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.

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>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
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