Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Nobody beleives GJ committed a crime, except non holders who...

First 97 Last

Share
Profile

Follow
Timb89

2,810 Posts.

612

12/05/24

13:15

Post #: 73784235
Share

Originally posted by tolate: ↑

YOU CONDEMN G J...???or shouldn't he have fronted the DRC court system...???

Cong then attempted to claim the new share certificate issued by the RCCM was a forgery and perhaps inexplicably, managed to convince a criminal court in the DRC of his claim. Perhaps even more inexplicably, the court found in favour of Cong and Dathomir and sentenced Johnston and the clerk responsible for creating new share certificates to three years’ jail and one year in jail, respectively – although happily, the clerk had his jail term suspended.And the sting in the tail … believe it or not … was a US$50 million (AU$76.26 million) fine payable by Dathcom, presumably to Cong. The fine was later reduced to US$25 million (AU$38.13 million) on appeal and then put on hold pending a further appeal by AVZ to the Supreme Court.

The court also ordered the new share certificate showing AVZ’s 75 per cent shareholding to be destroyed.

Thankfully, Johnston had already hightailed it back to Perth because of COVID and presumably has no intention of ever returning to the DRC.

Expand

Nobody beleives GJ committed a crime, except non holders who want the company to fail.

So do you condemn Zijin?

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 49 more messages in this thread...

First 97 Last

Add AVZ (ASX) to my watchlist