Hey all,
just wanted to share my view of what happend the last few month. Sad that AVZ didn't make it back to the market in 2022... But as time is flying anyway let's take a look in the crystal ball for 2023.
1. Voluntary extension of suspension until 31. January 2023.Some people seemed frustrated why the extension is so long this time. But think of it that way. We have Christmas and New Year coming up. As I remember our Management was really productive in this time of the season (for e.g. finishing GFL deal in 2020)
And to be honest I am also aware of the fact that our Management is not responsible for the situation we are currently stuck in. But give yourself and the people in the DRC also some time to enjoy Christmas and New Years Eve. (I wish the Green Queen the best Christmas Eve she will have for the next few years before she gets locked up!)
2. How long will this drag?As I remember Nigel said in the November AGM they are able to reduce cash burning rate through reducing early work activites. If necessary they plan to do it starting in March 2023. But please all IMO. Since that is a more and more valid option we are
hopefully back on track in Q2 2023 in my honest view.
3. Why don't we just resume trading?Answer yourself that simple question.
(I.) Would you invest in a company that is involved in an corrupt environment? My answer: ~ No way! And with all the speculation that is wandering arround that would totally destroy any established reputation of a company and share price.
4. Why they use suspension and all gets handled like this?Another Question for you and now think more long term.
(II.) Would you invest in a company that solved corrupt claims? ~ Probably... and turns into a yes if you add the word successfully. I think you got my point. Even if the outcome of the ownership is still unclear some things might be in our favor. With this said if everything is settled in 2024 and beyond (fingers crossed!) nobody talks about the lifetime suspension in 2022/2023. Even international investment banks would ask themself the question from (II.) and answer it with probably yes.
My bet is still that our partners and we do a pretty solid job at the economical front of the DRC. Lets see what 2023 brings for us! GLTAH for your investment journey!
I hope these few brain crumbs feed you well and let some of you sleep better again. Everything else is just white noise. See you in 2023. Stay safe!
Greetings
SL
