Spot on! Many parallel negotiations ongoing. IMO, the agreement...

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30/03/22

23:17

Post #: 60533857
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Originally posted by Chillaxed: ↑

More than doubling the size of the operation from 4.5Mtpa to a startup 10Mtpa plant is a big uplift for everyone including AVZ and the DRC Govt. So there will be whatever time is necessary by all parties to make sure they are getting it right. ML will be granted once the parties are all in agreement. The negotiations over first right of the 15% DRC stake is undoubtedly what’s causing things to take longer than Nige has predicted imo. The BoD sign off on $25mil of early works and additional drilling should allay any concerns about the delay in Grant of ML. The completion of the CATH deal and transfer of the US$240mil will further allay concerns over the ML delay. It’s just business and negotiations….anyone with experience in corporate negotiations will understand……once the 15% stake is agreed……all the dominoes will fall in a line and there will be announcements after announcements of how quickly this project will proceed.

Chilla standing by for that critical announcement that will topple the first domino……exciting times….unless you have 120million shorts open

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Spot on! Many parallel negotiations ongoing.
IMO, the agreement on the price for 15% government stake (with the CATH money) will be the first domino that gets this train of announcements started. Anyone ever worked in large scale resource projects knows this takes time to get right.

AVZ Price at posting: $1.21 Sentiment: Hold Disclosure: Held
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Spot on! Many parallel negotiations ongoing. IMO, the agreement...

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