AVZ avz minerals limited

Running discussion on SP, page-85080

  1. 319 Posts.
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    Perhaps I haven't myself clear. I encourage you to read the my last 5-6 posts. I've always been clear that for AVZ to cancel legal proceedings we must have a buyout deal with KoBold, RIO & whoever else, including monies paid (held escrow at only one of the 4 big Australian banks as a minimum, pending distribution to s/holders). And that can happen at any stage though with the US/DRC agreement yet to be signed (expected in the next 2 months) it may still take several months before any potential AVZ compensation & exit deal is finalised. Which means the court case proceeds as planned. If during the legal proceedings an acceptable deal with AVZ is then struck with the relevant parties, the point I'm making is that there is nothing stopping AVZ from withdrawing the legal case at that point - as I understand there are provisions in international law for the court case to be terminated at any stage if the parties involved reach an acceptable solution. Needless to say, the ideal is that we have a compensation deal flnalised before the court case but it's appearing less likely. But as I say & without wanting to repeat myself, the cancellation of legal proceedings, either before the court case of during the court case, is CONDITIONAL to AVZ receiving & accepting an appropriate compensation offer. Nowhere have I said that we cancel the court case without a buyout/compensation deal. Needless to say, if there is no buyout deal with the Americans (koBold) & possibly RIO, then we continue with court case as per the original plan. I hope I've clarified my position.
 
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