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08/05/22
19:15
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Originally posted by Aa9989789:
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I become aware of things because I spend time reading/researching. What I can tell you is that the material misstatement in Zijin's statements has been referred to the auditor of Zijin Mining group's statements, Ernst & Young Hua Ming LLP. As others have posted, the DRC and the Inspection Générale des Finances is also investigating. I think Zijin's dealings need to be called out and reported. It is important to have a well researched and logical position when it comes to investing. AVZ has enormous potential and I do not see these issues presenting a large problem in the long term. AVZ's 75% interest was secured long ago. Hopefully AVZ can also obtain the additional 15% which it had first right of refusal on. I am NOT negative on AVZ in any way, I just think it is important to understand what is going on and who the stakeholders are. So when shareholders read things on twitter etc don't be alarmed. It is not new information. The right people are fully aware of the situation. These issues will be resolved and AVZ shareholders will be rewarded.
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Interesting...DRC: 8 facts about Tshisekedi’s anti-corruption boss, Jules Alingete Key (theafricareport.com) Jules Alingete Key, the head of the DRC’s 'Inspection Générale des Finances' (IGF), is a key member of President Félix Tshisekedi's cabinet. The President has tasked him with tracking down people who have been accused of embezzling public funds.