I would suggest that the BoD had little other choice but to save face and litigate its case through the ICC, but at the end of the day, they got played / shafted by the DRC government. It also looks very bad for them if they deliberately hid these claims by Zijin from investors (which were made way back in Sept 21) and only decided to disclose this claim effectively as a "footnote" to the ML announcement in the hope that investors would not look beyond the good news. The smart ones (and that does not include me unfortunately) read the entire announcement and bailed at exactly the right time. It has been a sh*tshow ever since with no end in sight.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
