AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-70849

  1. 331 Posts.
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    "1. Has AVZ attained the 15% stake from Dathomir and is that stake in its hands and recognised as been in its hands? Yes or no answer. If yes, has Dathomir now challenged that sale and if so why? If the answer is no to the shares been in AVZ's hands, then how is AVZ resolving this issue. A key to this is has the checque for the 15% stake already been given to Dathomir - yes or no? At the end of the day, this 15% is what gives AVZ 51% ownership minimum in the project following the CATH"

    This was clearly announced on the 29/10/2021 quarterly update (here) which clearly stated by AVZ. Cannot be any clearer than that.
    "Project equity increased to 75%
    AVZ increased its interest in the Manono Project from 60% to 75% by exercising the options to purchase Dathomir’s minority shareholding of 15% equity in Dathcom Mining for US$20M (~AUD$27M). Share certificates have been awarded and registered at the courts in the DRC."
 
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Currently unlisted public company.

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