The 15% dispute between AVZ and Dathmir is a different 15% to...

First 71949 Last

Share
Profile

Follow
aanti-dumb

183 Posts.

41

31/05/22

15:10

Post #: 61730545
Share

Originally posted by Robert310786: ↑

When it decided in 2017-2018 to acquire 15 per cent of Dathomir, to increase its share in Dathcom from 60 to 75 per cent, it guaranteed itself the majority of the Manono project.
However, when a court decided to cancel this transaction, which is one of the key points in the conflict with Zijin, AVZ was once again left with 60 per cent. But it does not consider the transaction cancelled.
“So, if the acquisition of the 15 per cent from Dathomir is cancelled and the acquisition of the 15 per cent by Zijin is confirmed, AVZ will have been tricked by Dathomir,” Neema said.
Dathomir, which can determine who becomes the majority on the project, has remained silent on the dispute.
But Neema also said there was also no guarantee that Zijin would be part of the project, since the DRC’s Inspectorate General of Finance found its acquisition of the 15 per cent stake from Cominiere fraudulent and illegal.

Expand

The 15% dispute between AVZ and Dathmir is a different 15% to Zijin

The 15% dispute with Zijin is from Cominieres 25% not AVZs 75%

They are separate issues of which i believe the matter between AVZ and Dathmir was settled. This is why AVZ claim %75 ownership.

There was a long well detailed post someone made that described all this. I cant find it right now..

This is my understanding.

Last edited by aanti-dumb: 31/05/22

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

0 Great analysis

Reply

Top Stories

SS1

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 10,698 more messages in this thread...

First 71949 Last

Add AVZ (ASX) to my watchlist

The 15% dispute between AVZ and Dathmir is a different 15% to...

Top Stories

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News