Chilla
Regular
I will add further....like most AVZ announcements on first glance of this announcement the impression is "ohhh fuck this isnt good" .... but on reading again and digesting further ... like previous apparent bad announcements.......they arent as bad as they first may appear.IMO the ASX, after rightly requesting answers to many questions regarding continuous disclosure, is satisfied with the position AVZ has explained itself to be confronting ...... and therefore uses ambiguous terminology "likely to remain suspended" and also permitted AVZ to take 2 months longer than stipulated to respond to the Aware Letter.
ASX has effectively said....we are doing our job in questioning the company and responding to the many questions investors and detractors have lobbed on us in respect to the continuing suspension....and AVZ has explained the situation to our current satisfaction as we now understand the negotiations and legal actions in progress and will allow them further time for the current actions to play out.
Not good and not bad.....just more of the same while communication with DRC continues imo.
Read and reread and you get a better appreciation from where AVZ and ASX are coming from and it's not like your first impression was. Hope that helps.