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12:32
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Originally posted by 8horse
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The USD$285m road upgrade has been funded and is under way. The road infrastructure was part of the deal of why AVZ gave away 30% to DRC state-owned company, and the further USD$45m on hydroelectric power station to be secured by another 10% JV partner, Dathomir (is also substantial holder of AVZ). AVZ gave away 40% of Manono Project exchanging for USD$345m (initial estimatation) infrastructures. Therefore, all the infrastructures are free to AVZ as AVZ has already paid/given 40% of Manono Project, I believe.
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8Horse, love your work & effort! Thank you!!! I'm sure I also speak for many others. For the record, we had a solid night in Europe closing at a tad above $A0.35 on OK volumes. Nicely set up for a run to 40c + next week.
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