Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Running discussion on SP, page-73085

First 73085 Last

Share
Profile

Follow
Nbaz

719 Posts.

74

01/09/22

07:47

Post #: 63449629
Share

Originally posted by Obe wan ↑

Cong / Dathomir are not contesting the ownership; the judge at the tribunal ordered / ( tribunal - recommended) ‘Dathcom’ pay $50m ; after AVZ exercised the option to buy Dathomirs percentages ; these percentages were at the agreed rate ; AVZ paid and Dathomir duly accepted the $$…

Cong then had a change of mind and instead of 15m wanted 50m , but reckons that clerk of the register Wabulasa and AVZs Johnston had already stamped the transfer and were out the door and down the street.

So Simon wants more than was originally agreed…. That’s an open and shut case in itself …. But he’s also calls up Walbulasa and Johnson as frausters , that’s another part that needs to be cleared from a tribunal tag point .

So yes worse case scenario , would be that Dathcom would need to pay $50 I.e AVZ at 75% pays $35m and the state 15m …. But hard to see tbh

Expand

An additional $50mil or $50mil total minus the $15mil we already paid for it?

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

SS1

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

There are more pages in this discussion • 9,554 more messages in this thread...

First 73085 Last

Add AVZ (ASX) to my watchlist