AVZ (ASX) Running discussion on SP

Originally posted by tolate: ↑

We heard from the SILVER FOX ...!!...LMAO
But we all know what FOXES are good for being CUNNING...!
Now maybe that silver fox is a GOOD TRADER...!!!

Maybe we have some SILVER FOXES running AVZ ...
LOCKE announcement below ...!!...

Further Extension of Exclusive Due Diligence
Period for US$20 Million Facility with Locke
AVZ Minerals Limited (AVZ or Company) refers to its prior announcements:
• on 17 November 2023 outlining the Binding Term Sheet (Term Sheet) agreed
between AVZ and Locke Capital I, LLC and its investment manager, Locke
Capital Limited (Locke) to provide a pathway for the execution of a formal
agreement for a general working capital and litigation funding facility of up to
US$20,000,000; and
• on 2 April 2024 regarding an extension of the exclusive due diligence period to
31 May 2024.
The Company advises that it continues to work closely with Locke to close out a
relatively small number of outstanding issues to finalise the litigation funding
facility.
To enable the parties sufficient time to agree the facility documents, the Company
and Locke have agreed to extend the exclusivity period to 15 July 2024.
This announcement was authorised for release by the board of directors of AVZ
Minerals Limited.
For further information, visit www.avzminerals.com.au or you can contact .
MAYBE JEN or DEBOSS...LMAO

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This why this LOCKE DEAL was so IMPORTANT to AVZ...!...
But it seems OUR MANAGEMENT have failed to SECURE such DEAL...imo..

The Term Sheet outlines other commercial terms standard for funding agreements of this nature.

The Company remains committed to progressing the development of the Manono Project, for the
advantage of all AVZ stakeholders and believes the Term Sheet is a significant step towards a binding
Funding Facility, representing significant progress towards development of the Manono Project.
AVZ’s preference continues to be to achieve resolution of the various disputes by agreement.
However, AVZ’s opponents have adopted a strategy of delaying negotiations in anticipation that AVZ
will run out of funds and be unable to protect its rights.

The Binding Term Sheet with Locke Capital demonstrates that this strategy will not succeed.