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31/05/22
16:37
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Originally posted by sdewal:
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And the A.F.R article about he 2021 deal to acquire 15% "Mr Robertson said a DRC High Court ruling and documents suggested that AVZ’s 2021 deal to lift its ownership stake in the Manono project by 15 per cent – from 60 per cent to 75 per cent – for $20 million had been legally annulled. " AVZ's response "AVZ retains law firm DLA Piper and in a May 4 announcement, it rejected claims that its legal ownership of a 15 per cent interest in Manono had been annulled. The company said it considered the claims and believed them to be “spurious in nature, without merit, contain fundamental and material errors, and have no substance or foundation in fact or law”. " So much manipulation. I think it is just a matter of the 15% but the short sellers are trying to blow it out of proportion so that they can make cash on it.
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The quoted comment states "DRC High Court ruling". My understanding of the high court is that it deliberates on constitutional matters. I dont see how this issue with AVZ could be determined by the DRC High Court. Also where are the documents?