I note a significant change in language used by AVZ in its latest ASX announcement.
Previous announcements were rather measured in their criticism, and failed to directly call out government corruption. For instance, in March 2023, AVZ stated "The Company believes it is under besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Project..."
Today's announcement plainly calls out DRC government corruption "The ICC tribunal did not rule on the validity of the purported sale by Cominière to Jin Cheng of 15% of the shares in Dathcom which the Company maintains breached AVZI’s pre-emption right and was tainted by corruption".
This is the first direct accusation of government corruption within the context of these ongoing disputes, and indicates that Nigel and the board are now on the front foot and prepared to raise the stakes in their fight with Cominiere and its Chinese backers.
Cheers
F
Previous announcements were rather measured in their criticism, and failed to directly call out government corruption. For instance, in March 2023, AVZ stated "The Company believes it is under besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Project..."
Today's announcement plainly calls out DRC government corruption "The ICC tribunal did not rule on the validity of the purported sale by Cominière to Jin Cheng of 15% of the shares in Dathcom which the Company maintains breached AVZI’s pre-emption right and was tainted by corruption".
This is the first direct accusation of government corruption within the context of these ongoing disputes, and indicates that Nigel and the board are now on the front foot and prepared to raise the stakes in their fight with Cominiere and its Chinese backers.
Cheers
F
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