Ann: Huayou Cobalt Group Increases Shareholding in AVZ, page-122

Thanks Daripper, very much. So the directorship was given following Huayou taking a
11% holding.

The essence of the agreement seems to have been that Huayou will assist AVZ in bringing the mine to its full potential.

"Assist AVZ" and "mine to Full Potential" does not translate into buying on market when options are available next month or only buying 1m shares at 3.8c during a critical 15m cash raise.

As far as I can see the board have absolutely no obligation to continue to support Huayou's place on the board even if they did buy on market to return to their initial agreement holding of 11%.

AIMHO