AVZ 0.00% 78.0¢ avz minerals limited

For those who are interested how it all works, DRC mining code...

  1. 330 Posts.
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    For those who are interested how it all works, DRC mining code summery from DLA Piper


    https://www.dlapiper.com/en/morocco/insights/publications/2018/08/democratic-republic-of-congo-mining-code/
    The approach taken by AVZ the end game is
    i
    • AVZ 66%
    • CATH 24%
    • Government of the Congo 10%
    • $240 million in the bank from sale of 24% to CATH

    We will soon find out what the 15% is going to cost AVZ, however under the agreement and backed up by the mining code Dathcom cannot go to another third part to sell the 15%.

    all will become very clear in the next 4 to 6 weeks + or - Congo time!

    Good luck to all invested in AVZ

    as per usual not advise DYOR
 
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