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78.0¢ avz minerals limited

hi @Roon-Ausit’s not 2 months for DRC govt to approvebut...

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treewallaby

548 Posts.

140

29/11/20

12:29

Post #: 49218266
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Originally posted by Roon-Aus: ↑

Im not concerned about this. There are a few outstanding pieces which still need to be gathered before AVZ can submit a completed mining licence, which i believe will be squared away by Jan. Company information suggests that the process to work these steps is underway in any case. Once the final paperwork has been submitted this will take some time also, probably around two months even though the DRC government will be keen to get the project underway given the improvements and cash flow that it will deliver.

This will probably bring it to March for approval to be granted - interesting that Nigel also mentioned end of march payments likely made on the 15%. To me this sounds like everything will be moving forward as planned, offtakes and financing being worked on with the eventual financing package subject to the approval of a mining licence, then once its in place can steam ahead and also finalised payment for the additional equity.

whats the issue here? I see none, really. Just another agenda-driven desperado using a newly-created cover account throwing as much mud at the wall as possible in the hope that something sticks. In the TW propaganda cycle its almost time to return to the deteriorating security situation thousands of km's away, or the oft mentioned but rarely elaborated macro political instability. Watch this space.

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hi @Roon-Aus

it’s not 2 months for DRC govt to approve

but “several months” once lodged, according to AVZ Ann (12/5/20)

AVZ Price at posting: 9.3¢ Sentiment: Sell Disclosure: Not Held
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