Share
259 Posts.
lightbulb Created with Sketch. 59
clock Created with Sketch.
26/09/18
12:48
Share
Originally posted by Wombat2
↑
Hi Quarbing
To date the company has kept a very tight lid on the results of the SS therefore I really cannot see the point of a TH for 4 days. There have been posts on HC and Twitter saying the Announcement has already been lodged with the ASX. One of those posts was by someone who is well regarded. There might be ongoing correspondence between the ASX and the company. Given the company are using well regarded consultants to compile the SS I think this will be resolved before too long and hopefully by the end of the week.
Just want to add a comment that a wise investor reminded me of recently and that is the Chinese in particular like to buy into and control assets that are the biggest and highest grade in the world.
Expanding on that, I will say that IMHO when you are elephant hunting it does help if there is an elephant available. I think very few would still have reservations about the size and grade of the Manono deposit and it is really now just a question of how large this monster deposit is. The final round of drilling this year will have very clearly identified a huge elephant but despite its massive size, barely 20 to 25% of its size will be known for sure by Xmas. Fortunately by then I believe the resource they have defined will be one huge elephant considered to be worthy of whatever infrastructure is required to develop it. And yes Huayou is in a great position to help us do that. A few other investors of their size could get this asset operational in very quick time, especially if they already have experience operating in the DRC.
In the meantime we wait ☝️
Chrs and good luck to all patient and well researched investors.
W2
Expand
Someone mentioned on here that if it had been submitted to ASX and they had issues AVZ would already be in a trading halt and/or suspension. I don’t think it will have been submitted yet. That’s not to say mgmt aren’t in discussions with ASX to make sure they’re on the right track with it.