pls refer to sydneyguy earlier postsooo very clearvery...

First 71201 Last

Share
Profile

Follow
Prabhuabe

41 Posts.

22

13/05/22

19:00

Post #: 61400128
Share

Originally posted by toratora93: ↑

I think a lot of people are kinda lost on this ownership issue
I'll chime my 2 cents as let everyone judge/enlighten me on my short comings or misunderstandings
Original Ownership:
AVZ 60% - Com 30% - Dathomir 10%

1st Transaction : AVZ acquires 5% (60>65) from Dathomir's 10% (10>5)
AVZ 65% - Com 30% - Dathomir 5% (allegedly)
*There is confirmation of completion of the 5% transaction check my prior posts for comfirmations
*A lot of posters says that the 5% is from Com, however no one has been able to provide sources to back the claim

2nd Transaction : AVZ acquires another 10% from Dathomir ??? *This is where the first issue comes into the spotlight is to how can we acquire another 10% when Dathomir only has 5% left
*Needs further sources/confirmation for transactions between Dathomir-Com

Presently: Revelations of Jin Cheng's (Zijin) 15% ownership in Dathcom
*Note AVZ has always made its intention clear on acquiring another 15% from Com's 30%
*AVZ claims that it has pre-emptive rights to 15% of Com's share (I don't really know what that means tbh)
*Ownership register on DRC website revealed by Sangeist to have Jin Cheng
*This is a totally different issue from MMC's claim that it's tenement (Manono project) was unfairly granted to AVZ (A lot of people mix them up)

I'm not a downramper and i've posted my concerns/issues with the Jin Cheng ownership prior to this.. I was and still is optimistic about AVZ-DRC
But this has just really exposed the Africa risk part of our investment.. god damn i was so pumped for the ML, BFS and everything esle. Having first production by 2024 is also prime time, as we're basically withholding our resources while letting the industry/EV mature.

Expand

pls refer to sydneyguy earlier post
sooo very clear
very detailed
AVZ all above board
just trying to swat away an annoying Chinese fly

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ASX Market Open: Australian bourse to fall as subdued Wall Street awaits rate cut decision | September 18, 2024