AVZ Discussion 2022

[Carlos Danger]

Pretty much my thoughts Beisha.
I can't imagine them seriously suggesting these bonuses come AGM if we still have no ML.

mate, that's putting the cart before the horse... what's wrong with paying them in 2024 once successful... don't get me wrong, not rocking the boat and voting against them...

I completely agree mate, all i am doing is keeping a open mind why they would of paid themselves a bonus when funds are on the slide and multiple court cases are on the horizon.......

Obtaining the ML is the only thing that could be plausible............otherwise its outrageous.

imo

Unfortunately, I can tell you there was no ML until the end of the financial year at the 30th june. And no ML until today, but hopefully it changes until the AGM. And to be honest I don’t understand the bonus payment under current circumstances.

The notes for short term incentives say no bonuses were paid during the financial year. So perhaps these are future bonuses that have just been recorded in the 22/23 financial year for accounting purposes. Not really sure how that would work for short term payments but it's possible so I'm willing to give them the benefit of the doubt for now.

Clearly there was no ML before June 8th. And I sincerely doubt there was between June 8 and June 30.

Another thing that has gone up is directors insurance

From last years AGM:

Q: Directors insurance going from 90k to 500k, why?

A: No claims against us, the rise is because we’ve developed size wise. It’ll rise further when we’re developing.

Does anyone think we have developed double size wise in the last 12 months?

How about 10x in the last 2 years?

So on top of the 2.1m we are paying them we need to pay 1m inc gst to insure them. No doubt some of the premium increases are due to rising insurance costs generally but it doesn't fill me with confidence that the insurance company sees so much risk here.

Speaking of risk there are some very alarming comments about raising capital in the going concern section. One of the main reasons I am so fucking pissed off about these pay rises and bonuses is that if we run out of cash while in suspension then the dilution needed to raise cash will not be pretty. I really don't think it is in long suffering shareholders that don't have access to their money's best interest to have potential dilution brought on quicker unnecessarily by greedy directors.

 

[Dom1974]

Guys, be mindful of Morningsuit5 on HC and Calling on Governance on X. Reckon it’s MMGA scum in disguise.

 

[BEISHA]

The notes for short term incentives say no bonuses were paid during the financial year. So perhaps these are future bonuses that have just been recorded in the 22/23 financial year for accounting purposes. Not really sure how that would work for short term payments but it's possible so I'm willing to give them the benefit of the doubt for now.

View attachment 45967

Clearly there was no ML before June 8th. And I sincerely doubt there was between June 8 and June 30.

View attachment 45968

Another thing that has gone up is directors insurance

View attachment 45969

From last years AGM:

Q: Directors insurance going from 90k to 500k, why?

A: No claims against us, the rise is because we’ve developed size wise. It’ll rise further when we’re developing.

Does anyone think we have developed double size wise in the last 12 months?

How about 10x in the last 2 years?

So on top of the 2.1m we are paying them we need to pay 1m inc gst to insure them. No doubt some of the premium increases are due to rising insurance costs generally but it doesn't fill me with confidence that the insurance company sees so much risk here.

Speaking of risk there are some very alarming comments about raising capital in the going concern section. One of the main reasons I am so fucking pissed off about these pay rises and bonuses is that if we run out of cash while in suspension then the dilution needed to raise cash will not be pretty. I really don't think it is in long suffering shareholders that don't have access to their money's best interest to have potential dilution brought on quicker unnecessarily by greedy directors.

View attachment 45970

You are a verified encyclopedia..........love your work.

 

[Penskefile]

View attachment 45957

Now that the spring carnival has officially kicked off in Melbourne, can I have a quaddie on the following:


1st leg - Lost Brown Paper Bag
2nd leg - Spurious Claims
3rd leg - Voluntary Suspension
4th leg - Where’s the Fucking Mining Licence

 

[BEISHA]

Guys, be mindful of Morningsuit5 on HC and Calling on Governance on X. Reckon it’s MMGA scum in disguise.

By the looks of it on the crapper, you and others have already given the fucker a warm welcome.....

 

[tonster66]

https://x.com/choixdupeupl/status/1707824073340805428?s=20

Felix has an army of 40,000 soldiers. I am sure this will help his chances of re-election. The soldiers need to be paid!

 

[John25]

WTF …BoD amongst the best paid on ASX …then expect Performance Shares & Bonuses for doing their job …

 

[tonster66]

https://x.com/choixdupeupl/status/1707766661166530866?s=20

Sovereign nation states require 3 things, 1. people 2. A defined border 3. An army to defend the people and their borders. Without any of these they are defined as a failed state. Felix is looking at the bigger picture and getting his house in order

 

[Roon]

View attachment 45977
WTF …BoD amongst the best paid on ASX …then expect Performance Shares & Bonuses for doing their job …

To clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.

 

[Mr Inappropriate]

View attachment 45966 View attachment 45966

 

[John25]

To clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.

Salaries of between $240K to $400K …then throw in expenses +Bonuses on top …thanks for the clarification …not bad coin…honestly my heart bleeds custard for these so called forward progressing /secretive pricks

 

[BEISHA]

Its a pity this poster is not a TSE member............

Talk about a diamond in the proverbial ............

 

[MoneyBags1348]

Pretty much same as usual reading today.

Lots of whining, lots of opinions by people who have never actually done anything to help the company or other shareholders let alone research anything, apart from the odd shareholder like @Carlos Danger and whats that Carlos…. After 3 pages of whining they didn’t actually get any bonuses last financial year.

Not sure many people here actually read a whole Annual Report, so thanks for your posts Carlos, at least I now know one other person did. I wouldn’t bother explaining abbreviations like LTI’s or STI’s, there’s probably one too many letters in there for those people.

My own personal view for my own reasons is I wouldn’t be worried whether or not Zijin turn up at the ICC, and following on from that, the granting of the ML.

As far as disclosure and remunerations, for all the whiner’s who have been breastfed until they got to big school, I’m sorry that the BOD gets remunerations and didn’t disclose more to us because we could have had a share price in the 20c range…. then the whiners would all be happy and dreaming they were still on their mummy’s left tit.

Yes, I know how hard it is…. I’ve got shares in three companies all of which are dealing with corruption and other issues in Africa and all of which have been in suspension for extended periods. What better way to support them than turning against them eh, who cares if they’re on the frontline.

Why don’t you whiners give Jerkoff, Math, Huljich, Tommy or Boatman a call, I’m sure they’ll tell you the best way to get the share price back down 20 cents and no doubt they’ll all have a sympathetic ear.

One last little bit of information for the dumbfucks, the biggest thing that came out of the 2023 DRC Battery Metals event was the attention that was drawn to the corruption there and most of you wouldn’t even have a clue why.

As for me, I’ll be happy to leave the threads to all the breastfeeding whiners now, I don’t think I’ll be missing much as I can’t actually remember one post from them that had any information relevant to what AVZ has been dealing with.

 

[Onthefm]

Its a pity this poster is not a TSE member............

View attachment 45985

Talk about a diamond in the proverbial ............

Agree

 

[BEISHA]

https://x.com/choixdupeupl/status/1707824073340805428?s=20

Felix has an army of 40,000 soldiers. I am sure this will help his chances of re-election. The soldiers need to be paid!

Felix may have 40,000 soldiers, but that aint helping win the war, not even close....

So not sure that helps his re election prospects one little bit to be honest, dismal failure going by the link below

Conflict in the Democratic Republic of Congo | Global Conflict Tracker

Learn about the world's top hotspots with this interactive Global Conflict Tracker from the Center for Preventive Action at the Council on Foreign Relations.

www.cfr.org

 

[geo_au]

To clarify this, some members of the BOD have been considered amongst the best paid on ASX precisely because of the performance shares. The salaries themselves are not particularly unusual.

You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000

Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher salaries.

 

[John25]

Salaries of between $240K to $400K …then throw in expenses +Bonuses on top …thanks for the clarification …not bad coin

You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000

Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher

Great cherry picking seeing that theres almost 700 mining companies on the ASX with a majority being juniors

 

[Roon]

You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000

Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher salaries.

I was actually agreeing with you Geo, for once, if you read the post. On the higher end for an explored-cum-developer but not unusual. I don't take issue with actual AVZ salaries.

 

[Carlos Danger]

You need to do your research properly this is POS a junior Australian company with a share price of 0.019 cents and a market cap of $70.45M and this is the MD Mr Harold, MD earning $550,000 per year
Mr Shalders, CFO $340,000 10.5% No fixed term 3 months notice &
termination payment
$300,000
Mr Jones, GM Mining $350,000 10.5% No fixed term 3 months notice &
termination payment
$350,000
Mr Maxton, Project
Director
$340,000

Now this is a junior nickel miner their remuneration is on the high side and there are many others on the ASX who command higher salaries.

The destruction of shareholder value through dilution to maintain this business model is insane. At least holders of POS are free to sell if they aren't happy which they have been doing in droves. Although those remaining now have a BFS and clear potential of generating income as consolation for their current unrealised capital losses.

 

[tonster66]

Felix may have 40,000 soldiers, but that aint helping win the war, not even close....

So not sure that helps his re election prospects one little bit to be honest, dismal failure going by the link below

Conflict in the Democratic Republic of Congo | Global Conflict Tracker

Learn about the world's top hotspots with this interactive Global Conflict Tracker from the Center for Preventive Action at the Council on Foreign Relations.

www.cfr.org

We have the AEC he doesnt. Need a system of control come election time. I guess we will see. Love your work