AVZ Discussion 2022

[KLCC]

I find it strange that the only reason I know(ish) we are being de-listed is because of these forums. Wouldn't you think there'd be some announcement from the company to let us know what it means, what to expect and a bit of reassurance?
This is the first stock I have that's to be de-listed (and my largest holding) so maybe no announcement means there is a ray of hope ASX aren't actually de-listing us? Or is that a pipe dream...

 

[wombat74]

Just what I’ve heard, doubtful we mine but would love to be proven wrong. Need it to be an undisputed asset before next step

Are the Yanks still hovering around ? What's the likelihood of them taking Roche Dure ? After they pay us of course .

 

[Doc]

10th may or thereabouts I think, I think we get delisted sadly. Unfortunate but makes no real difference to our current plight.

We have been fucked without lube repeatedly for 2 years, time for some further explanation. Assume a few announcements coming in next week or so

'Makes no real difference to current plight'
I'd agree with that but you watch the trolls come out in force when it happens.

 

[Cumquat Cap]

Pretty sure the shorts are even more fucked then us if we go unlisted? Assuming we get bought out which I’m sure is the plan.

Can anyone confirm what happens to shorts when a company gets delisted?

 

[Cumquat Cap]

**as long as we don’t go bankrupt

 

[Doc]

Felix in Germany this week. But is that a new watch I see?

 

[BEISHA]

Pretty sure the shorts are even more fucked then us if we go unlisted? Assuming we get bought out which I’m sure is the plan.

Can anyone confirm what happens to shorts when a company gets delisted?

 

[BEISHA]

View attachment 61766

Shorters will still have to pay interest on their margin loan regardless until the position is closed out, so essentially, they are fucked over.

 

[BEISHA]

I find it strange that the only reason I know(ish) we are being de-listed is because of these forums. Wouldn't you think there'd be some announcement from the company to let us know what it means, what to expect and a bit of reassurance?
This is the first stock I have that's to be de-listed (and my largest holding) so maybe no announcement means there is a ray of hope ASX aren't actually de-listing us? Or is that a pipe dream...

First of all, deep sympathy that AVZ is your largest holding and your first de listed stock, not a nice feeling!

For me, AVZ would be my 3rd delisted stock ( VEC, WFE were the others), should it happen, so i am accustomed to this shit unfortunately.

I dont wish to squash your pipe dream, but just because there is no ASX announcement yet regards to potential delisting, doesnt mean it won t happen....

IMO, it would be a miracle if AVZ doesnt delist if you asked me, we could get a stay of execution should AVZ advise ASX that a significant FA event was on the horizon i suppose ( MOU / ML ), but given we have heard crickets about that, not hopeful.

As others have said, being delisted is not the end of the world as AVZ goes down the ICSID / ICC arbitration path, but its a long and windy road and even more head fucks to be had i would imagine....

Including this .....

That being said, WFE did relist with the ASX, but it came back as a different ticker code, different project in a much shorter time frame, maybe some of the brains trust on this forum can allude to more on that than i....


Personally, i wish to avoid all this shit and hope that the AVZ bod can organise a compromise aka a MOU / ML........ ASAP !

If it comes down to it, let the Zijin / Cominiere traitorous cunts have CDL in its entirety and we get ML for RD and get back to trading , thus allowing a way out for longs if a TO is not on the horizon.

Just my thoughts.

 

[Doc]

First of all, deep sympathy that AVZ is your largest holding and your first de listed stock, not a nice feeling!

For me, AVZ would be my 3rd delisted stock ( VEC, WFE were the others), should it happen, so i am accustomed to this shit unfortunately.

I dont wish to squash your pipe dream, but just because there is no ASX announcement yet regards to potential delisting, doesnt mean it won t happen....

IMO, it would be a miracle if AVZ doesnt delist if you asked me, we could get a stay of execution should AVZ advise ASX that a significant FA event was on the horizon i suppose ( MOU / ML ), but given we have heard crickets about that, not hopeful.

As others have said, being delisted is not the end of the world as AVZ goes down the ICSID / ICC arbitration path, but its a long and windy road and even more head fucks to be had i would imagine....

Including this .....

View attachment 61769


Personally, i wish to avoid all this shit and hope that the AVZ bod can organise a compromise aka a MOU / ML........ ASAP !

If it comes down to it, let the Zijin / Cominiere traitorous cunts have CDL in its entirety and we get ML for RD and get back to trading , thus allowing a way out for longs if a TO is not on the horizon.

Just my thoughts.

Sorry mate can you confirm that for me please?
So if the ASX delists AVZ AVZ cannot relist for 10 years? Can they change name and relist ( or whatever WFE and pathfinder did ) ?

That'll do me for me today, im going to the pub.

 

[BEISHA]

Sorry mate can you confirm that for me please?
So if the ASX delists AVZ AVZ cannot relist for 10 years? Can they change name and relist ( or whatever WFE and pathfinder did ) ?

That do me for me today, im going to the pub.

Yes, i edited my last post regards to WFE, how it works, i dont know.

 

[Doc]

Yes, i edited my last post regards to WFE, how it works, i dont know.

Thanks mate, either way its more money we need and thats something we dont have!

 

[Dazmac66]

Don't doubt your info Beisha but surely if it is ruled that AVZ has been forced into delisting due to no fault of their own (especially due to corruption) they can overcome this. Hopefully re-listing could expedited by a few paragraphs aimed at the ASX from the ICSID when final rulings are produced.

 

[BEISHA]

Don't doubt your info Beisha but surely if it is ruled that AVZ has been forced into delisting due to no fault of their own (especially due to corruption) they can overcome this. Hopefully re-listing could expedited by a few paragraphs aimed at the ASX from the ICSID when final rulings are produced.

Look, i am happy to be corrected and certainly hope their is a condition on the ASX that allows for coy that have been forced to delist thru no fault of their own to relist in a reasonable time frame, that being said, final ICSID / ICC arbitration rulings may not be forth coming until 2025+ so the map going forward is arduous and murky none the less.

Not trying to be the prophet of doom, just being realistic.

 

[Dazmac66]

Look, i am happy to be corrected and certainly hope their is a condition on the ASX that allows for coy that have been forced to delist thru no fault of their own to relist in a reasonable time frame, that being said, final ICSID / ICC arbitration rulings may not be forth coming until 2025+ so the map going forward is arduous and murky none the less.

Not trying to be the prophet of doom, just being realistic.

Yeah mate all good, appreciate any real info posted, good or bad.

 

[Scoota30]

Seriously think there there would be no desire to mine this now....none what so ever.... and, don't blame them in the slightest.... think this will go to someone with significant power, and no fear of taking on all the corruption.... someone backed by the usa govt... and we know the usa will want to have access to the product supply...

Sell it up and let's all move on... with the lessons learnt the last two years, no way directors are in for the long haul in my eyes...

Why would directors not be in it for the long haul? It's been two years now and you could argue that the leg work has already been done. Why would they not just continue on as I would imagine any moves made would be at the recommendation/guidance of DLA piper? All they need to do now is sit back and enjoy the show like we all are, except we aren't being paid a salary.

 

[Pokok]

Look, i am happy to be corrected and certainly hope their is a condition on the ASX that allows for coy that have been forced to delist thru no fault of their own to relist in a reasonable time frame, that being said, final ICSID / ICC arbitration rulings may not be forth coming until 2025+ so the map going forward is arduous and murky none the less.

Not trying to be the prophet of doom, just being realistic.

You are a realist like me sorry to say this was my retirement stock but I see nothing on the horizon at least for a few years bar a miracle

 

[wombat74]

You are a realist like me sorry to say this was my retirement stock but I see nothing on the horizon at least for a few years bar a miracle

I wouldn't jump to conclusions just yet . This could depend on how seriously Felix takes ICSID . Does he want to go full ICSID ? Can he afford to go full ICSID ? He knows he's on the losing end . Fines mounting up . Massive compensation payout . International sh1tcanning . Might be easier/better for him to "allow AVZ to cut a deal ".

 

[Cumquat Cap]

Plus potential billion or so in capital gains they will steal from us if we manage to sell.

One road paved with shit, the other gold - let’s see how compromised he is personally

 

[Pokok]

I wouldn't jump to conclusions just yet . This could depend on how seriously Felix takes ICSID . Does he want to go full ICSID ? Can he afford to go full ICSID ? He knows he's on the losing end . Fines mounting up . Massive compensation payout . International sh1tcanning . Might be easier/better for him to "allow AVZ to cut a deal ".

Sure Wombat I get it ,, BUT he spends more time out of country than in so what is agenda ?? and how serious is he ?? about fixing any problems