AVZ 0.00% 78.0¢ avz minerals limited

The story according to Nige is: - Cominiere abandoned the power...

  1. 3,076 Posts.
    lightbulb Created with Sketch. 1913
    The story according to Nige is:

    - Cominiere abandoned the power station decades ago in a derelict condition
    - DRC Dept of Hydrology, Govt dept responsible for water and power, put out advertised public notices of anyone having any form of interest in the abandoned Mpiana Mwanga power station were given a period of time to submit and register their claim of interest with the Dept.
    - No claims of ownership or interest were registered within the given time, so Dept of Hydrology took legal ownership and possession of the plant
    - AVZ Power then signed a MoU with the Dept of Hydrology to take on refurbishment and operation of the plant.
    - Cominiere have no legal title to the plant.
    - AVZ Power legal standing on rights to refurb and operate the plant are solid and has support of Govt.
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.