AVZ Discussion 2022

BRICK

Where’s Zeebot 😶‍🌫️
The legal proceeding update is out!:

AVZ Minerals Limited (ASX: AVZ) - Shareholder Update

AVZ Minerals Limited ("AVZ" or "the Company") wishes to inform shareholders of a unique compensation plan approved by the Board. Each shareholder will be compensated with 1 pineapple per share held in the Company as of the record date.

This initiative aims to acknowledge shareholder support and provide a tangible asset in lieu of traditional cash dividends or a successful operating mine. Distribution details will be provided in a subsequent announcement in which each shareholder will be asked to line up and take turns for "The Pinappling"

Please direct any questions regarding this update to the Company Secretary.

Thank you for your ongoing support.

By order of the Board
Jan de Jager
AVZ Minerals Limited
i need big cart and ass to carry pineapple.... and i dont mean donkey
 
  • Like
Reactions: 1 users

M.Bison

Regular
That sucked. Should get an update in June 2025 that next proceeding will be June 2026. Exciting times.
 
  • Like
  • Haha
  • Sad
Reactions: 9 users

Dunsgro

Emerged
It’s an update which is great but it’s basically saying we in for a loooong wait
The is a hearing at icc 15th to 18th October that’s news isn’t it??
 
  • Like
Reactions: 7 users
The is a hearing at icc 15th to 18th October that’s news isn’t it??
Any idea if there will be some ruling or interim order made on the 18th?
 

wombat74

Top 20
@geo_au - time to cut the riddles and say what you know..
TC.
Throw this into the mix : "so many exciting developments happening behind the scenes" from deboss .
 
  • Like
  • Thinking
  • Sad
Reactions: 12 users
Any idea if there will be some ruling or interim order made on the 18th?
The ICC hearing from the 15th to the 18th of October is for the Dathomir 2020 SPA not the emergency order for Cominiere

The rules state that they have 6 months max to deliver an award after the hearing but I expect it to be much quicker than that due to the obvious facts of the case showing that the transaction was completed correctly

I'm still optimistic that we will get a decision for this case and the Cominiere emergency order penalty liquidation by end of year but will need to wait longer for the 2019 SPA decision imo
 
Last edited:
  • Like
Reactions: 13 users

Doc

Master of Quan
Throw this into the mix : "so many exciting developments happening behind the scenes" from deboss .
Maybe he means that he's getting company stationary with his name on it? 🤷‍♂️
 
  • Haha
  • Like
Reactions: 9 users

Dunsgro

Emerged

Bray

Regular
  • Haha
  • Like
Reactions: 3 users

Samus

Top 20
Absolutely zero to get excited about in this update. Just an ever expanding web of legal battles that take excessively longer than they really should as cominiere SA and Zijin steal everything.
Let's hope these apparent numerous developments behind the scenes yield something with a bit more substance ffs.
Bare minimum it would be nice to see cominiere ordered to pay up. Who knows why even that decision takes months for these useless slowpokes at the ICC to decide. :rolleyes:
 
  • Like
  • Fire
Reactions: 19 users

Colaci78

Member
He’s just pissing in our pocket. What a load of bullshit. Why would he send out a little hint of hopium with the Announcement of an announcement lol? I don’t think much has changed since the last announcement of the legal proceedings.
 
  • Like
  • Thinking
Reactions: 8 users

ptlas

Regular
  • Haha
Reactions: 1 users

ptlas

Regular
The legal proceeding update is out!:

AVZ Minerals Limited (ASX: AVZ) - Shareholder Update

AVZ Minerals Limited ("AVZ" or "the Company") wishes to inform shareholders of a unique compensation plan approved by the Board. Each shareholder will be compensated with 1 pineapple per share held in the Company as of the record date.

This initiative aims to acknowledge shareholder support and provide a tangible asset in lieu of traditional cash dividends or a successful operating mine. Distribution details will be provided in a subsequent announcement in which each shareholder will be asked to line up and take turns for "The Pinappling"

Please direct any questions regarding this update to the Company Secretary.

Thank you for your ongoing support.

By order of the Board
Jan de Jager
AVZ Minerals Limited
Great news!
I'm guessing a pineapple is worth $5 (dunno 'cos never buy them). So that means that at 1c we're receiving 50,000% of the value of our shares.
Just hope there's not a glut which would lower the re-sale value.
Maybe a staggering issue will occur, actually I'm sure it will.
There's gonna be a lot of sore botties
 
  • Haha
Reactions: 3 users

Xerof

Flaming 1967
Great news!
I'm guessing a pineapple is worth $5 (dunno 'cos never buy them). So that means that at 1c we're receiving 50,000% of the value of our shares.
Just hope there's not a glut which would lower the re-sale value.
Maybe a staggering issue will occur, actually I'm sure it will.
There's gonna be a lot of sore botties
Carrick gets 15 million of the fucking things. I knew he knew more than we thought he knew
 
  • Haha
Reactions: 2 users

JNRB

Regular
Lots of long timelines in that update that can for sure be demotivating.

But lets remember the more likely outcome is still a negotiated agreement with DRC. Keeping the court cases going is our main leverage in that respect but I think it unlikely the DRC would let it get that far given they know for sure they don't have a leg to stand on.

Our leverage is the courts.
The DRC wants a compromise, and their leverage is time - ie a solution is found sooner than it would be through the courts.

Closer we get to the court hearing, the more the DRC's leverage decreases.
June 2025 9 months away. Lets round it up to a year for an outcome from the hearing.
By that point we also have outcomes on many of the other cases too.

After putting up with ALREADY YEARS of getting screwed around by the DRC, how much time leverage do you think it would require for AVZ not to see out the court cases? I'm not a lawyer or involved with any behind the scenes discussions, but after all this can you imagine AVZ making a major compromise less the 6 months out from the massive additional leverage of having ICC cases delivered in our favour? I couldn't.

All of that is to say, we have already waited a FK%&NG LONG time.
So there needs to be a LONG time advantage to warrant a compromise that would involve ceasing legal action.
Court dates are NOT ALL THAT LONG away.
So hopefully (with a Manono-sized grain of salt) a resolution is much closer.


Comments from debos hint that there's more going on behind the scenes.
Comments from USA officals have made their involvment and position even more explicit.
Fingers crossed.
 
  • Like
  • Fire
  • Thinking
Reactions: 52 users

Samus

Top 20
Carrick gets 15 million of the fucking things. I knew he knew more than we thought he knew
15 million pineappleings, they'll be ramming them up his desecrated corpse!
 
  • Like
  • Haha
Reactions: 6 users

geo_au

Regular
Lots of long timelines in that update that can for sure be demotivating.

But lets remember the more likely outcome is still a negotiated agreement with DRC. Keeping the court cases going is our main leverage in that respect but I think it unlikely the DRC would let it get that far given they know for sure they don't have a leg to stand on.

Our leverage is the courts.
The DRC wants a compromise, and their leverage is time - ie a solution is found sooner than it would be through the courts.

Closer we get to the court hearing, the more the DRC's leverage decreases.
June 2025 9 months away. Lets round it up to a year for an outcome from the hearing.
By that point we also have outcomes on many of the other cases too.

After putting up with ALREADY YEARS of getting screwed around by the DRC, how much time leverage do you think it would require for AVZ not to see out the court cases? I'm not a lawyer or involved with any behind the scenes discussions, but after all this can you imagine AVZ making a major compromise less the 6 months out from the massive additional leverage of having ICC cases delivered in our favour? I couldn't.

All of that is to say, we have already waited a FK%&NG LONG time.
So there needs to be a LONG time advantage to warrant a compromise that would involve ceasing legal action.
Court dates are NOT ALL THAT LONG away.
So hopefully (with a Manono-sized grain of salt) a resolution is much closer.


Comments from debos hint that there's more going on behind the scenes.
Comments from USA officals have made their involvment and position even more explicit.
Fingers crossed.
Todays announcement is not the one promised, remember it was over the next few weeks
.
 
  • Like
  • Thinking
  • Fire
Reactions: 46 users

JNRB

Regular
Todays announcement is not the one promised, remember it was over the next few weeks
.
I assumed as much, and hope that's the case!
 
  • Like
Reactions: 6 users
Todays announcement is not the one promised, remember it was over the next few weeks
.
Says who FFS.?

What announcement are you referring to please?

Who promised it?
 
  • Like
  • Fire
  • Thinking
Reactions: 3 users

Remark

Top 20
Todays announcement is not the one promised, remember it was over the next few weeks
.
You're such a tease Geo!

Dirty-Martini-Burlesque.gif
 
  • Haha
  • Like
  • Love
Reactions: 13 users
Top Bottom