The Australian Securities Exchange sin binned lithium explorer AVZ Minerals for non-compliance with its listing rules after it told the market operator it cannot disclose all material information related to its fight to control the Manono lithium project in the Democratic Republic of Congo.
The ASX’s decision to suspend AVZ for non-compliance under listing rule 17.3.1 leaves shareholders trapped in the stock. AVZ responded to 20 questions from the ASX about its disclosure of Manono-related ownership disputes and capital raisings in 2021.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
