Samus
Top 20
True yes I remember, however the underlying concern at this point would be whether or not this $70m is any substitute for something that's currently worth (in line with our MC) somewhere around $525m.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Sammy_da_Smile
Regular
Yup fair points above.
cruiser51
Top 20
I have mentioned this before....
The DRC government has not paid a single cent for the development of this resource and the risk involved.
All the heavy lifting has been done by AVZ, ie the entire development to this stage.
This is the reason that apples cannot be compared with apples.
To say that the 15% is now worth somewhere around $525m does not take that in consideration and is a bit rich.
CashKing
Regular
I’m not mate, all G here..
There was no need for a new name here Wombat..
Over here on TSE we have already named you Mr Takeover
Welcome to the club.. just out of interest was it Remark’s morse code that got you across ?
With respect
It might be a bit rich but it's worth a damn sight more than $70mil. IMO
Samus
Top 20
I hear you cruiser, and I'm not meaning to suggest 525m would be paid. However even accounting for what you rightly point out above the 70m isn't looking like a whole lot of money.
We'll have to wait and see but dismissing further CR at this point would be a little naive imo.
Perhaps the facility set up for US market raising is the answer here? Who knows but from my limited knowledge that is effectively a dilutive CR measure in itself.
Sammy_da_Smile
Regular
Maybe this is why the African bank are pledging 545 million as per that YouTube video haha
Mouthpiecenomnom
Regular
Mines Minister has 30 days from the 12 of April at the latest right? Or did the clock start earlier? I am not overly worried but am annoyed as shit at the DRC govt. Seems she told Nigel last week that ML would be handled Monday so add another week or two is proper Africa time. Glad he is so patient and professional I would have lost it by now I think. On a macro level seems like every month or 2 the bottom falls out of the ASX only to come back again. I think I will leave HC alone for a while its only doing my head in.
Sammy_da_Smile
Regular
Avz presso at recent pay dirt conference in WA. Video was uploaded 2hours ago.
Lmao that HC line
Lmao that HC line
BRICK
Where’s Zeebot 😶🌫️
Correction,, last year
BRICK
Where’s Zeebot 😶🌫️
What an absolute cluster the DRC gov is. Is it really that hard to put pen to paper now that all the hard work is done? This will go down the route of a court order 100% to get that ML granted.
Meanwhile, the instos are having a ball! There's 130M open short positions and they've managed to screw it back down to 99c. They are loaded to the hilt and this will scream if that ML gets granted on the DRCs own accord.
If it goes to court, I see 80c if the EMA breaks down and we don't bounce off the bottom of the Stochastic RSI.
FFS DRC!
Meanwhile, the instos are having a ball! There's 130M open short positions and they've managed to screw it back down to 99c. They are loaded to the hilt and this will scream if that ML gets granted on the DRCs own accord.
If it goes to court, I see 80c if the EMA breaks down and we don't bounce off the bottom of the Stochastic RSI.
FFS DRC!
Winenut
GO AVZ!!!!
Calm the farm there chuss
If the minister doesn't sign within 30 days it is passed to the court for rubber stamping
It doesn't "go to court" like lawyers/litigation/crime scene investigations.......you know what I mean
All good, just the process
Nope, definitely not a rubber stamp! It'll go to counsel, then they'll deliberate over it and fluff around. Anyways, I'm still bullish, just bloody frustrated.
CashKing
Regular
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