So taken as an authentic conversation between Ben Cohen and a...

So taken as an authentic conversation between Ben Cohen and a shareholder, (which it is)

What are the implications for a (de) listed company?

It shows a discretion that breaches continuous disclosure rules and laws by ASIC it would seem. ASIC won’t be able to shred its paper trail I would think.

We know Bellamel sold and/or transferred its equity. And Zijin via Jincheng was not deterred by AVZ strong letters of warning but with support from Portfolio Ministry registered, whether legal or not, it registered an interest in Dathcom.

The only explanation defending ASIC, might be AVZ presented evidence it has DRC Government support to blur materiality to disclose???

But by February Zijin had published its interest in Manono.
I believe there was a strategy to obtain the license before declaring hell. And that’s kind of what happened by May.

Or, Ben just told a furphy.

I don’t think he was. At first he wants to say lightly ASIC noticed Bellamel. And then he dives deeper, stating ASIC knew Zijin were trying to steal the project at same time they were trading in securities.

So Ben knew Zijin was trying to steal the project — based on this exchange — after the AVZ capital raise in July 2021

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