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78.0¢ avz minerals limited

Yes, I believe you are correct.The claims for damages were...

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flight996

478 Posts.

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02/06/23

09:23

Post #: 68092772
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Originally posted by Roon-Aus: ↑

Well actually not. Jin Cheng directly stated in its submission to the ICC that the 850m damages its claiming would be in regards to the 'loss of its investment in the Project, its loss of opportunity, and its loss of future profit'. So AVZ were seemingly mistaken is assessing the damages claim purely against its percentage to come up with an alleged value JC placed on the project.

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Yes, I believe you are correct.
The claims for damages were exaggerated ambit claims including opportunity costs, not project valuations. For instance, the claims included lost revenue from artisanal tin mining, which is ridiculous.

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