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17:31
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Originally posted by Amovatio
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Thanks for your recent posts sf120 to summarise the current state of play with our legal cases. Shareholders within these companies at leasthave been able to trade or hold their shares while the Share Price has fallensignificantly during the last 12 months. In the case of AVZ Shareholders we have been denied this opportunity while Management seeks to restrict this same situation occurring. While All lithium stocks have had their ownchallenges, none of these stocks have been placed into suspension. AVZ Shareholders should not be denied the privilege to trade and get out while the current legal decisions are pending if that is the financial decision they need to make. There cannot be any guarantees that if the Legal cases in the ICSID and ICC fall the way of AVZ that the DRC will grant AVZ a Mining Licence which some may argue has been the essence of why AVZ was placed into suspension. Shareholders are not being allowed to make their own decisions whether to stay invested or jump out of the boat. Yes this may cause a run of sales as the Share price drops but this would not be out of the ordinary based on market reaction to bad news announcements that other Lithium stocks have experienced. Should the legal cases go against AVZ or thereis a ruling which impacts the Ownership rights that AVZ Management team havebeen promoting through ASX announcements, there is a strong possibility AVZ may not resume trading and Investors could lose nearly everything without having had the opportunity to off load any shares they hold. AVZ recently announced the results of its expanded drilling activities and the corresponding increase in the mining life of the project. If we were to resume trading this news could in fact spark an increase in investor activity and minimise any price fall. The AVZ Management team appear to have goneback into silence mode with the lack of meaningful Announcements around the legal cases. If an outcome is imminent then come out and say so and provide an approximate timeline when the Courts decision will be known. Maybe AVZ holds an upper hand in the negotiations but we are not being informed how the legal cases are tracking despite Court decisions possibly having been made. Volatility in share trading is inevitable incurrent times and I don’t see why the current situation with AVZ should betreated any different to other Lithium stocks. Shareholders have already exercised an impactas a collective group influencing the voting outcome which prevented membersof MMGA from being elected to the Board. If it is the intention and wish of shareholders that AVZ resume trading asap we need to write to the ASX requesting the suspension be lifted and that AVZ be listed to trade again. Shareholders should not be stopped from Trading.
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Amovatio , you seemed more optimistic a few weeks ago.
