The ML was correctly granted to Dathcom of which AVZ owns 75%. The ML can never be granted to AVZ directly.
The dispute came when Dathcome sell 15% out off the 25% balance to another Chinese company. AVZ believes that they have the first right to to do so. AVZ missed the small portion.
Anyway, let’s look at broker research and valuation. They never value the additional 15% in AVZ valuation. Of note, Dathcom is a state owned company and exclusive the small portion in valuation is very conservative which is good.
IMO The SP drop must come from the market situation and may sell on news!
I
AVZ Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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