Running Commentary on the SP Movements., page-5572

100% rights . MMM ?
Friendly Acquisition around Easter?
so if 10% and more is allocated After AGM ,to potential battery or cathode producer IN EXCHANGE for long term off take agreement combined with Huayou Cobalt percentage this could trigger a T/O if parties decided to at a later stage to form a JV partnership to buy out Manono.

Positives is further infill drilling .
share price appreciation for shareholders in AVZ including Huayou Cobalt.
ipo demand for CATL if involved.


RESOLUTION 6 – APPROVAL OF 10% PLACEMENT FACILITY 4.1 General Listing Rule 7.1A enables eligible entities to issue Equity Securities of up to 10% of their issued share capital through placements over a 12 month period after approval at an annual general meeting (10% Placement Facility). The 10% Placement Facility is in addition to the Company’s 15% placement capacity under Listing Rule 7.1. An eligible entity for the purposes of Listing Rule 7.1A is an entity that: (a) is not included in the S&P/ASX 300 Index; and (b) has a market capitalisation of $300 million or less (excluding restricted securities and securities quoted on a deferred settlement basis). The Company is an eligible entity as it is not included in the S&P/ASX 300 Index and has a current market capitalisation of $220,411,441 (based on the number of Shares on issue and the closing price of Shares on the ASX on 13 October 2017. The Company is now seeking Shareholder approval by way of a special resolution to have the ability to issue Equity Securities under the 10% Placement Facility. The exact number of Equity Securities to be issued under the 10% Placement Facility will be determined in accordance with the formula prescribed in Listing Rule 7.1A.2. Further information on the formula is set out in Section 4.2(c) below. The effect of Resolution 6 will be to allow the Directors to issue the Equity Securities under Listing Rule 7.1A during the 10% Placement Period without using the Company’s 15% placement capacity under Listing Rule 7.1. Resolution 6 is a special resolution and therefore requires approval of 75% of the votes cast by Shareholders present and eligible to vote (in person, by proxy, by attorney or, in the case of a corporate Shareholder, by a corporate representative). 4.2 Explanation of Listing Rule 7.1A

All Imo