I don’t disagree, it is entirely possible that you have correctly read the situation.
But it could also be more simple...
Without the export permit (and perhaps even the business licence) they don’t have a viable business model, let alone the ability to raise.
Until the export permit is granted, they can’t raise.
If the powers that be refuse to grant the export permit, there is no business and this will never come out of suspension. Period.
The situation is a precarious one....
Assume what some say about the level of corruption is true, there’s no-one who’ll fund a fight against the government- that could take years... And how does one even assess that risk/reward scenario assuming someone COULD stump up the money for a legal stoush? There’s no JORC Resource, therefore, no way of valuing any of this.
Problematic...
If the corruption doesn’t exist, and it is Managements ineptness that has led to the non grant, there’s not enough cash/time at hand to run around and make good the situation.
Or, it could be a bit of both...which is my uneducated guess...
All paths lead to the same conclusion...
Sadly, I cannot see how this ends any other way other than a VA windup.
I just can’t see a way where AVQ makes it back onto the boards and it’s shares trading again.
I feel sorry for shareholders...not a nice position to be in...
AVQ Price at posting:
2.5¢ Sentiment: Sell Disclosure: Not Held
