Yes it is likely Cominiere might take time. But being a...

First 25 Last

Share
Profile

Follow
tendoji

419 Posts.

680

16/07/19

02:55

Post #: 39533251
Share

Originally posted by JB1975: ↑

I agree with you on the performance shares..

Based on previous two years we should see a cash report for the quarter end of July. So in a couple of weeks.

On the one hand I thought that getting 5% from Dathomir did add credibility to getting another 5% from Cominiere (which in turn did suggest equity for bridging finance). But on the other hand just about everything that has happened after the election in the DRC (from appointing a Prime Minister, to establishing a ministry and government has taken a longer time than I would have expected) so I doubt that we will see Cominiere coming back in time (before end July) to avoid what is likely to be a cash position in the quarterly that suggests a cash raise will be needed soon.

Still about transport and about staying solvent until there is a transport solution in my opinion.

Not seeing much happening on the ACGT facebook site re progress on the route 617 into Manono.

This is not a stock to fall in love with. But its certainly been educational.

Expand

Yes it is likely Cominiere might take time. But being a parastatal under the auspices of the portfolio ministry that has just been settled between Congolese powers that be, its likely AVZ will go ‘upstairs’ to settle the matter.Bear in mind, holding up AVZ, is likely like holding up Zoe Kabila’s plans for his governance of the region.AVZ manono is destined for success in my opinion.

AVZ Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
9 Upvote

0 Great analysis

Reply

Top Stories

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker