AVZ Shareholders: A Cautionary Note on ICSID Hopes, page-13

I would love to see AVZ be issued a mining license for the southern portion and get on with developing the project. I realize some shareholders may view this as conceding or giving in, but in this scenario at least shareholders will receive a decent return on their investment.

IMO the alternate scenario will generate a very unfair and undeserved outcome for AVZ shareholders, which is:

- AVZ are unable to secure litigation funding and discontinues its legal actions due to lack of funding
- AVZ delists in May
- Soon after AVZ delist, the DRC will re-deal on the southern portion with the highest bidder

I hope I am wrong as I know there are many Australian mum and dad investors that make up AVZ shareholder base.