On a side issue with $20m was involved. The two asx news...

First 135 Last

Share
Profile

Follow
rrossingg

1,168 Posts.

79

01/05/24

11:32

Post #: 73604769
Share

Originally posted by Rattlerock ↑

Are you sure giving up the 15% to Dathomir and getting the $20 million back is even an option? You'd think AVZ would have jumped on that already if it was possible given our current circumstances. From what I remember, it was AVZ who requested the DRC court to put the money in escrow. Not sure why they chose to do that given how uncertain the DRC court system is, why they didn't just keep the money in the AVZ account Dathomir returned the money to, who knows.

What's going on with the Supreme Court case involving Graeme and the $25 million in damages that AVZ got hit with? If that case hasn't been heard yet, the DRC court might hold onto the $20 million, even if AVZ gives up the 15% stake. Dathomir and the DRC court might not agree to release the funds from escrow until the court figures out the situation with the $25 million that was awarded in damages .

I understand the damages fine was suspended pending the Supreme Court case. I haven't heard any recent updates on the case, it may have already been dismissed, others here may have more updated info. However, if it hasn't been resolved and the $25 million damages s still in question, that might explain why AVZ might think it's futile to relinquish the 15% stake to Dathomir and request the $20 million returned by the DRC court.

Expand

On a side issue with $20m was involved.
The two asx news releases yesterday I could not find any mention of CATL. was'nt there some break fee involved there ?
Whats going on there ? or have I missed something.
Been not much info on that front that I'm aware of.
Could someone be able to enlighten me on that front.
Thanks in advance.
cheers
gltash

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

0 Great analysis

Reply