At least it shows clearly, that NF and the team are willing to solve the dispute via negotiation. For sure ist would be good to have a glue whether Nigel requested too much, or whether he is willing to hand over some of the assets to ensure AVZ is not going from the table with nothing in his hands.
I think most of the LTHs would appreciate a TO from any third party around 2AUD per share. Also a ML with 51% of complete Manono will do. At the end of the day this will last longer to get the 2AUD per share, but if you are patient enough, this could be 4-5AUD in some years.
I hope DRC and Nigel come to a solution before years end without ICC.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
