In my view, I don't think we will see ML approval and CATH fulfilling their agreement by way of transferring the money tomorrow. Like I said before earlier in March. I can't see this happening until June or July this year.
Of course, with DRC and CATH dragging their feet. I rather see a new cornerstone investor than CATH. Just hope AVZ has a backup but doubt this is the case as they don't have a good track record either. Without the financial secure, it is quite likely that the Minister can reject the ML which may be what the CATH is hoping for.
AVZ Price at posting:
97.0¢ Sentiment: None Disclosure: Held