Wondering, IF, AJN did get our north, are they not going to raise fund to drill, which will dilute NF's %? Of course, I don't want them to get a single inch from us. However not sure the reality.Double Ditto for me too....need to be straight up.
What aggravates me most at moment is the Conflict of Interest that Nigel has with his 10% holding of AJN and the extent of his knowledge of AJN's plans prior to his resignation.
If AJN are successful in stealing CDL, then AVZ shareholders lose the massive upside potential of its value.
However, Nigel makes a massive windfall as he will end up with a personal holding of 4% (10% NF holding of AJN x 40% AJN JV share) of CDL and add that to his holding in RD of 0.56% (75%avz jv share x 50% of 13359 X 1.5% NF holding of AVZ) then he will have a personal interest in PR13359 of 4.56%.
Therefore Nigel makes a massive increase in his personal ownership of the PR13359 from 1.12% to 4.56% (over 300% personal increase) when combined with his AJN....talk about AVZ shareholders being shafted by the boss when ordinary shareholders of AVZ will lose 50% of their potential value by losing CDL to AJN.
Thats why Nigel needs to address this significant Corporate Governance issue ASAP and get his house in order to remain a tenable MD of AVZ.
Do enjoy your posts @Chilla
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