Avz asx

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Avz asx

The Manono Project comprises PR, which covers around square kilometers km2. The Manono Extension Project comprises two granted exploration permits PRs and covering Financial Times Close. Search the FT Search. Show more World link World. Show more US link US. Show more Companies link Companies. Show more Tech link Tech. Show more Markets link Markets. Show more Opinion link Opinion.

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. The lithium developer's shares have been suspended from trade since 9 May and will remain that way for a little longer. This time last month, the company requested that the suspension of its shares be extended until 1 July while it sorted out an ownership dispute relating to the Manono Lithium Project. However, with this dispute still unresolved, the company was not ready to let the AVZ share price return to action. Though, the end is potentially in sight now. Rather than requesting another full month of suspension, the company has optimistically named 15 July as its return date this time around. AVZ Minerals Limited refers to the Company's request for an extension to its voluntary suspension dated 1 June , in relation to the finalisation and release of an announcement with respect to its mining and exploration rights for the Manono Lithium and Tin Project Manono Project.

Avz asx

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. Last month, the AVZ share price was placed in a trading halt and subsequent suspension at the company's request. This would have huge consequences for the valuation of the company and therefore the AVZ share price, which explains why its shares have been suspended. This morning, AVZ requested that its shares remain suspended for the entire month of June while the matter is hopefully resolved. The Company confirms that the parties to the TIA have agreed to amend the end date to 31 July to provide for completion of closure formalities. The parties are committed to close the TIA as early as practically possible to progress the development of the Manono Lithium and Tin Project. All in all, these are difficult times for the company and its shareholders. But, unfortunately, it once again demonstrates why investing in companies operating in countries such as the Democratic Republic of the Congo carry very high risks. For reference, Transparency International ranks the country as one of the most corrupt in the world, just a touch better than Afghanistan and North Korea.

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