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78.0¢ avz minerals limited

DELISTING Thread, page-8

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03/04/24

12:54

Post #: 73166963
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Originally posted by DannyC25: ↑

Delisting, while not ideal, is not the end of the world. It means we can't do CR via the ASX & you can't buy & sell AVZ shares via the ASX. However, you can still sell your shares off-market if someone wants to buy them & the company can continue to operate if it's solvent. It also means the company can with its court cases & assuming we eventually get a ML, it can sell the project, wind up the company & distribute the proceeds of the sale of Manono & other assets (mining/drilling) to shareholders. All of which may take time. Assuming all is OK on the finance the delisting date may be extended by the ASX. 3 months is the norm but 6 months or even longer is a possibility. What I'm saying is not a prediction of outcomes. I'm merely explaining the options/process based on my understanding. Delisting, if it happens, isn't the end of the road.

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Yes the CHINESE will be happy ...NO FIRB...!!!!!!
But yes we are still in the same MESS ...!!
But need to raise CAPITAL, buying selling shares will be available on O.M.T.
Not a good place to be though VALUE of shares will drop...!!!

Then we could always relist on another MARKET ...HONG KONG ect ect

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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