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78.0¢ avz minerals limited

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PasDar

106 Posts.

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05/08/20

03:58

Post #: 46304969
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Originally posted by tendoji: ↑

Because now the DFS has a done, the JV Dathcom is at a contractual crossroad.

AVZ will either need Dathokor to step up or step out and sell the remaining %s.

That may be difficult to negotiate.

It’s possible that’s why AVZ is at or around 5.5cps.

If AVZ has secured the rights to 5% then another 10% with share price where it is keeps the ball in the park of affordability I suspect.

Simon Cong and his Congolese friends have a decision to make. Same with Cominiere.

Cominiere however ultimately being under the auspices of the Portfolio ministry has more negotiation points including the SEZ tax breaks.

5% is a start but for project interest and bringing in any JV partner or improving NPV data points, AVZ needs more chips on the table than 60-65%. Unless Dathcom partners have money holed up ready to use for the Manono project. Unlikely.

So as Nigel has hinted in past write ups, and shareholder meetings, those %s seemed required are agents of rapid transformation for the project

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Thank you very much.

AVZ Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
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