A few points of interest which I'm curious of other's opinions on. Apologies if these have been pointedly discussed, there's a lot to sift through to find information. To be clear, I have no agenda (I only have about 200,000 shares) and I'm just trying to fill in gaps in my understanding of the situation, paths forward, and potential outcomes.
1. I've seen talk of a potential class action lawsuit moving forward should a sale of AVZ be below the ATH share price. Is there any legal basis for this? If the company's sole asset is sold and funds distributed to shareholders, then litigation would be aimed at management for some kind of dereliction of responsibilities? If there are any shareholders here who bought in at a high price, is this a path you would pursue (I bought in early so I'm not interested in going this route)? Considering the unfathomable trials and tribulations that AVZ has been through over the past several years, would there really be any chance of winning?
2. Amongst the exhaustive talk regarding a buyout price, some believe AVZ should stick to arbitration should an offer be "too low". If that were the case, do you guys/gals believe that we would actually see any return on our investments regardless of time frame? Thus far the DRC have ignored court rulings and it doesn't seem there have been any significant consequences yet. I'm aware of the longer reach of the ICSID, however, could the DRC simply work with China and, financially at least, come out in a similar or better situation?
3. Some feel that the deposit will be stranded should we continue arbitration and this is leverage for a higher buyout price. Based on what has happened to the northern tenement, what recourse would we have if the same thing happened in the south and the DRC did nothing about it?
4. Again regarding the continued arbitration option, I've seen threats that should the AVZ case move forward, that corrupt actors in the DRC will be exposed. However, it sure seems that corruption is blatantly and shamefully obvious to the point of hilarity so this doesn't really seem like a convincing argument. Am I missing something?
TIA and here's hoping for a swift and rewarding resolution very soon!
200,000 shares at the last trade share price is $156K
Even at 1c it's $2K.
At 10c it's $20K
I can't believe anyone would be that ill informed with that amount of cash on the line.