No don't you read company announcements...lol Extension of Transaction Implementation Agreement (“TIA”) with CATH AVZ received continued support from its cornerstone investor, Suzhou CATH Energy Technologies (“CATH”), who signed on in September 2021 to develop the Manono Project. Under the TIA, CATH will invest US$240M in the Manono Project for a 24% direct equity interest, as well as funding their pro rata portion of project development capital. AVZ and CATH remain committed to the TIA and agreed it would remain valid until either the completion or cancellation by both parties in accordance with the terms of the TIA.
Now BIG QUESTION to be asked........
Will CATH stay committed to the TIA after the latest cheer squad AGM....? If not.... that may cause another PROBLEM for AVZ...imo
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
