Motley Fool is proper rubbish

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Kevinl

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04/05/22

18:47

Post #: 61208153
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Originally posted by pannunz7: ↑

The weakness in the AVZ share price appears to have been driven by some comments at the bottom of its release relating to Manono Project ownership claims.Under the terms of the joint venture agreement, La Congolaise D’Exploitation Miniere SA (Cominiere), which owns the other 25% of the Dathcom business, will cede 10% of its interest to the DRC Government.AVZ now wants to acquire the remaining 15% of the interest in Dathcom, which it believes it has the rights to. However, Cominiere has decided to transfer this interest to Jin Cheng Mining Company out of the blue.So, with AVZ about to sell 24% of its stake in Dathcom to CATH in exchange for a US$240 million cornerstone investment to fund development, the company looks set to have its ownership in the Manono Lithium Project trimmed down to just 51%.

Guys I know today was such a hard pill to swallow I’m still trying to recover from the shock myself. I hate to speculate shit but what do we make of this? For the motley fool to post it , would seem sort of reputable.. The reason why I’m concerned this could be true is the delay of the funds from CATH. With how much the Chinese are pumping money into Africa this all has a bad smell to it… I’ve been a long term holder since 2019 and I am not going to sell but for the first time today I became a quite concerned especially when I read this. What do we make of it all ?

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Motley Fool is proper rubbish

AVZ Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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Motley Fool is proper rubbish

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