is that it?, page-118

Don't blame SMM, the SI government and/or other companies "slagging" AVQ for what happened with the Kolosori tenement. This tenement was initially awarded to SMM, AVQ then sort support from KHL (formed from a group of 4 landowners) who illegally got it registered from customary to register land.

And it's during that time that AVQ's management decided to spend over $20M+ on drilling, then JORC and producing a PFS on a questionable tenement, knowingly or unknowingly, then after spending all of those share holders money (where none of the landowners saw any significant funds), the land was correctly changed back to customary land after the Court of Appeals, you would think even KHL were delighted with that decision, as it allow them to change their mind of the PL at the last minute.

AVQ should have just spent all those funds on SJ, as there wasn't any "hint" of landowner issues there and them choosing not to do so says something about what AVQ thinks of the viability at that tenement.