I have always wondered about the CATH & AVZ cornerstone investment deal. If you check the dates, on Sept. 27, 2021 was the announcement on the deal. Then on Feb. 16, 2022 the deal was amended (to fast track it) by waiving the condition of the mining license, Dathcom and DRC collaboration & development agreement, & Dathcom board & shareholders making final investment decision.
So which party was holding everything up? Remember that we did not cease trading till May 11, 2022. Do you mean that the parties involved couldn't get it done before the crap hit the fan?
My take is that it is possible that AVZ management/board did not want to sign over 24% of the company to CATH until the mining license & other issues were signed, sealed, & delivered.
If this is the case, I applaud AVZ management/board.
Remember that CATH is a Chinese company. Ziijin as well. If CATH got there 24%, say Ziijin got 15%, that equals 39% of Manono owned by the Chinese. If they could swing just 12% more from somewhere (the government???), they could have control of the whole project.
Conspiracy theory ???? Maybe. Maybe not. Just my thoughts.
Hopefully we will come out of this positively. It is not just a stock trade. It is about justice, rule of law, countering fraud, & pushing back on CCP aggressiveness throughout the world.
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