AVZ Discussion 2022

[Carlos Danger]

I don’t have an accounting degree but AVZ could be sold for an agreed price that does no involve a special dividend, therefore it would be a straight capital gain and would attract the 12 month rule.

Yes that is possible but it is far more likely that we would sell our holdings in Dathcom or GLH (Nigel has mentioned in the past that this would be the method of disposal) therefore the need for a special dividend imo

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

 

[Ashlee]

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

I hope they relist and allow shareholders to choose if they wish to sell or hold depending on their situation.

 

[Bonsoir]

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

Fair call, we have a few bridges to cross before we get to any tax implication.

 

[Azzler]

I hope they relist and allow shareholders to choose if they wish to sell or hold depending on their situation.

Ideal.
No 30% DRC Tax
+ CGT Discount.

Management will make their decision based on what benefits shareholders most.

 

[Azzler]

It's also possible for Management to sell their(our) stake, make the announcement, then relist for a time before the sale goes through.
The shareprice will hover around the payout price - DRC Tax, but allow holders to sell and get the CGT Discount.

Having said that, if I'm reading the room right, then it looks like (to my utter astonishment) that we're actually going mining!

 

[cruiser51]

I reckon talking about tax is a little premature.

Why not first wait and see how this plays out?

fuk sake.

We could well finish up having to give the Fat Cat CPR.
We need him as a balance against you over optimistic cunties.

 

[Bonsoir]

I reckon talking about tax is a little premature.

Why not first wait and see how this plays out?

fuk sake.

We could well finish up having to give the Fat Cat CPR.
We need him as a balance against you over optimistic cunties.

Just hypothesising, passing the time.

 

[Winenut]

I agree Cruiser

It's way premature to be talking about tax implications

We dont even know exactly how any restuctured TIA will play out

Then we still have legals in the mix....ICC, ICSID

There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono

 

[Carlos Danger]

I agree Cruiser

It's way premature to be talking about tax implications

We dont even know exactly how any restuctured TIA will play out

Then we still have legals in the mix....ICC, ICSID

There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono

U still need to put that U in Ur flow chart imo

 

[Winenut]

U still need to put that U in Ur flow chart imo
View attachment 76034

I intend to buddy

But there are many permutations so it's all a bit of guesswork

I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)

Dathomir's 15%???? (although I reckon Congs fucked)

What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)

Cominiere.....well they're still a completely loose cannon

What happens to Zijin?

What tenement do we actually end up with?

At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now

Too much fun......for accountants

 

[Winenut]

and I have no idea how you got a camera into my office.....

 

[Rightyo]

I intend to buddy

But there are many permutations so it's all a bit of guesswork

I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)

Dathomir's 15%???? (although I reckon Congs fucked)

What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)

Cominiere.....well they're still a completely loose cannon

What happens to Zijin?

What tenement do we actually end up with?

At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now

Too much fun......for accountants

A CEO,, a MD and an accountant were sitting in an office with a hi net worth investor, the hi net worth investor asked 1 simple question to determin who he would invest with. the CEO he asked wat is one plus one, thats easy its 2. The MD was asked what dose 2 plus 2 equal, 4 said the MD. the accountant was asked what is 3 plus 3. the acountant stodd up pushed his chair back, walked over locked the office door shut the open window closed the blinds, turned off the office light, walked back to the hi net worth investor sat down beside him leaned in real close and wispered in his ear" what do u want it to equal

 

[Carlos Danger]

I intend to buddy

But there are many permutations so it's all a bit of guesswork

I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)

Dathomir's 15%???? (although I reckon Congs fucked)

What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)

Cominiere.....well they're still a completely loose cannon

What happens to Zijin?

What tenement do we actually end up with?

At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now

Too much fun......for accountants

There is zero reasonable conjecture on Dathomir's 15%

Or the minimum 10% that needs to go to the DRC government

The rest is up in the air imo

 

[Pokok]

Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards

 

[Winenut]

There is zero reasonable conjecture on Dathomir's 15%

Or the minimum 10% that needs to go to the DRC government

The rest is up in the air imo

View attachment 76038
View attachment 76039
View attachment 76040

I tend to agree with you on Cong (as I stated) and the 10% to the DRC (which should be ceded by Cominiere CNTS)

Will have to wait for more confirmation and details and announcements on the other moving parts

The whole thing is certainly a better prospect now than 2 weeks ago that's for sure

 

[Winenut]

Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards

Try and track down the broker that the elderly lady would have used

No-one of that era did anything in shares without a broker

I'll post some more tips

Absolutely been through it

 

[Winenut]

Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards

Might be worth checking what registry(s) handles matters for Coles and Wesfarmers

If you have the grant of probate etc you may be able to ask some questions of the registry

 

[Winenut]

Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards

You may be able to trackdown the broker if any documentation contains a PID

This is a link for the more common PID's of Australian Brokers and Authorised enitites

https://intercom.help/sharesies-au/en/articles/9006612-participant-identification-number-pid

Identifying the broker may be important because potentially there may be other shareholdings that maybe weren't mentioned but do exist

 

[DiscoDanNZ]

I hope they relist and allow shareholders to choose if they wish to sell or hold depending on their situation.

Actual footage of us all checking the open if that happens:

The reality is that there will be a shit tonne of uninformed or desperate holders that were trapped by this and will run for the door at 10am should that day come.

 

[Winenut]

Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards

Check banks accounts if they are available

If shares were held in Wesfarmers and Coles you can interrogate the dividends paid which will appear in the bank account

Very easy to check dividend payment dates online for the companies in question

Receipt of dividends identified in a bank statement would be clear evidence that a shareholding exists

Here's the recent dividend payment dates highlighted for Coles and Wesfarmers