AVZ Discussion 2022

[Samus]

Thanks for the reply . I'll be honest it's the one thing concerning me at the minute . Would liked to have seen the ML done and dusted . The words "in connection with " & "regarding " the mining rights does not fill me with certainty if the dispute is only over the 15% . Or maybe they just haven't got around to it yet .

One thing is for sure - it's a head fuck.
The ambiguous wording of these announcements isn't helping. Had really hoped for a bit more clarity in the reasoning behind the extension this time
Not surprised in the slightest however that we didn't get any.

 

[Retrobyte]

I'm ambivalent about the extension to suspension - ideally I'd like a progress announcement while in suspension that provides an update on where things are at, so we have a better idea on how this is going to pan out

 

[Sammy_da_Smile]

Very interesting documentary on the DRC for those that have 17 min free today.

Worth a watch.

Article here.

Mind boggling!

China Cash Flowed Through Congo Bank to Former President’s Cronies

A leak of 3.5 million documents shows how a Chinese-run company moved millions of dollars to former Congo President Joseph Kabila’s family and allies.

www.bloomberg.com

 

[TDITD]

Interesting that the extension is very short

Not sure what it might mean?

Are AVZ and the DRC "that" close to having this sorted???

Or does it mean jack shit because as we all know the suspension can very simply be extended again with exactly the same type of announcement on 1 June?

Yes I hope this is a ploy to torture the shorters, for example if July has been mooted they will keep doing this till then.
Delicious they will be paying borrowing costs. I can smell their desperation, with luck AVZ comes out with the ducks in line so I can taste it too

 

[DiscoDanNZ]

I'm ambivalent about the extension to suspension - ideally I'd like a progress announcement while in suspension that provides an update on where things are at, so we have a better idea on how this is going to pan out

With all the legal issues floating around I'm sure its simply just a case of not saying anything potentially damaging. Last thing we want is a law suit for slander etc.

I'm sure the company has plenty of stuff they'd love to say but are holding their tongue.

 

[cruiser51]

When you borrow shares from a broker you normally pay fees. You can short as long as you want but ongoing fees are needed to be paid to the broker. PS: If you borrow millions of shares , that would be a lot of $$$

When I googled cost of borrowing shares to short, got the following answer:

Cost of Borrowing a Stock​

The cost of borrowing a stock to short can vary but typically ranges from 0.3% to 3% per year. The fees are applied daily. The borrowing fee can be much higher than 3%, and can even exceed 100% in extraordinary cases, as it is influenced by multiple factors. For example, similar to loan costs, the lender charges a leasing rate. This leasing rate for margin varies by the broker but is typically driven by whether or not a stock is "easy to borrow" or "hard to borrow."

If there's a great demand to borrow a stock, the borrowing rate for Shorting will often be higher than if there was little interest in borrowing the stock. The laws of demand and supply apply to the cost of short selling as well.

Say if 1 person would have shorted all the 150 million shares at a strike price of $1 and an interest rate of 3%, the daily fee would be 3% x 150 million / 365 = ~$12,400 per day. If total days of outstanding 20 days, the cost would have clocked up to .16 cents/share over the 20 days.
Doesn't seem to drastic at 3%, but we don't know the interest rate being charged.

 

[TheCount]

I got modded in 16 minutes for posting a link about Vulcan taking legal action against bogus reports from a short selling firm on the crapper in the new Boatman thread. Wow.

They can give it but not take it. True sign of a bully.

Good to see you here BenGriffo..

TC.

 

[Thaz]

When I googled cost of borrowing shares to short, got the following answer:

Cost of Borrowing a Stock​

The cost of borrowing a stock to short can vary but typically ranges from 0.3% to 3% per year. The fees are applied daily. The borrowing fee can be much higher than 3%, and can even exceed 100% in extraordinary cases, as it is influenced by multiple factors. For example, similar to loan costs, the lender charges a leasing rate. This leasing rate for margin varies by the broker but is typically driven by whether or not a stock is "easy to borrow" or "hard to borrow."

If there's a great demand to borrow a stock, the borrowing rate for Shorting will often be higher than if there was little interest in borrowing the stock. The laws of demand and supply apply to the cost of short selling as well.

Say if 1 person would have shorted all the 150 million shares at a strike price of $1 and an interest rate of 3%, the daily fee would be 3% x 150 million / 365 = ~$12,400 per day. If total days of outstanding 20 days, the cost would have clocked up to .16 cents/share over the 20 days.
Doesn't seem to drastic at 3%, but we don't know the interest rate being charged.

Shorts as at 16 May were 150M.

Say, at 3%, that is $12,400 per day they're suffering at a loss in totality. 24 days of expected trading halt / suspension. That's circa $300K in interest / fees. Not an insignificant amount.

 

[JAG]

Has anyone got a copy of the report as posted down below by the ghost?

 

[John25]

One thing is for sure - it's a head fuck.
The ambiguous wording of these announcements isn't helping. Had really hoped for a bit more clarity in the reasoning behind the extension this time
Not surprised in the slightest however that we didn't get any.

Announcement ..labelled non sensitive …why cant we trade ..The so called ML just to be signed off ..ownership no problem either it be 75-66or 51% all of this has been going on for literally 6 months in the back ground ..what has changed …its ok for Nige to put out podcasts of how we are the biggest/Best Lit deposit in the world & how the DRC government is hand in hand with us …but our $$$$ have been tied up with no end in sight ,some of us have a large stake in AVZ ..sorry to rant /rave but a bit of communication (announcement) between NF & SH wouldnt go astray right now …thanks gang ..love TSE ..time for a lie down & BEX thats how old i am

 

[TheCount]

Has anyone got a copy of the report as posted down below by the ghost?
View attachment 7124

Check your emails in a few minutes.
TC.

 

[thorgin]

The link is just because of a reference init?

 

[DiscoDanNZ]

View attachment 7123

Shorts as at 16 May were 150M.

Say, at 3%, that is $12,400 per day they're suffering at a loss in totality. 24 days of expected trading halt / suspension. That's circa $300K in interest / fees. Not an insignificant amount.

Mind if I borrow that to post on the crapper? Won't show your username or anything, if anything it will probably get me banned

 

[Doc]

Has anyone got a copy of the report as posted down below by the ghost?
View attachment 7124

This?

George Fang, Zhejiang Huayou Cobalt Co Ltd: Profile and Biography

George Fang is Vice Chairman/Vice President at Zhejiang Huayou Cobalt Co Ltd. See George Fang's compensation, career history, education, & memberships.

www.bloomberg.com

 

[thorgin]

Has anyone got a copy of the report as posted down below by the ghost?
View attachment 7124

https://theboatmancapital.com/wp-content/uploads/2022/05/AVZ-Minerals-20-May-2022_.pdf

 

[Doc]

Announcement ..labelled non sensitive …why cant we trade ..The so called ML just to be signed off ..ownership no problem either it be 75-66or 51% all of this has been going on for literally 6 months in the back ground ..what has changed …its ok for Nige to put out podcasts of how we are the biggest/Best Lit deposit in the world & how the DRC government is hand in hand with us …but our $$$$ have been tied up with no end in sight ,some of us have a large stake in AVZ ..sorry to rant /rave but a bit of communication (announcement) between NF & SH wouldnt go astray right now …thanks gang ..love TSE ..time for a lie down & BEX thats how old i am

Because the problem may just be we don’t own 51-66%. Some are pushing the argument that we will only end up with 36%. Now that would be a problem!
Would love just this point to be clarified by AVZ/DRC. Would sure make me sleep better. That extra 15% is icing on the cake but without majority share we dead in the water ( pardon the pun with the talk about boatman today )

 

[wombat74]

I wonder how our new receptionist is going ? Not "smiling through the telephone " anymore is my guess .

 

[Frank]

Article here.

Mind boggling!

China Cash Flowed Through Congo Bank to Former President’s Cronies

A leak of 3.5 million documents shows how a Chinese-run company moved millions of dollars to former Congo President Joseph Kabila’s family and allies.

www.bloomberg.com

* Days of our Lives in the DRC continues, as

Reconciliation between Joseph Kabila and Moïse Katumbi?

"It will not be a surprise to see Joseph Kabila and Moïse Katumbi reconcile. They are sons of Katanga. The moments of rupture, there were for a long time between the two brothers. Today, we are talking about the reconciliation between all the worthy sons of Katanga.

The two could also be reconciled at the same time", affirms, on Top congo, Félix Kabange Numbi, close to the former president of the Republic and participant in the Forum of unity and reconciliation which is held in Lubumbashi at the initiative of Mgr Fulgence Muteba, Metropolitan Archbishop.

Former governor of the former province of Katanga, Moïse Katumbi was a very close collaborator of the former President of the Republic Joseph Kabila before his exile and then his switch to the Opposition.

Forum without political connotation

"We are discussing Katanga values. We are here to discuss the moral vision of Katanga, its heritage. Why there were these moments of rupture between communities in Katanga", insists the former Minister of Health who reassures that, contrary to what is said, this forum has no political connotation.

"It's really a fraternal meeting that has nothing to do with all that people say on social networks in relation to politics, elections. People should stop with that. We have better things to do than to speak what they think".

Félix Kabange reassures that "so far, the forum is going very well, in an atmosphere of perfect fraternity. It is true that when we talk about unity and reconciliation between brothers, it is quite normal that from time to time voices are raised. But the most important thing is that everything is done in fraternity, everything is going normally".

Scheduled for this Thursday, May 19, the closing of this forum takes place this Friday, May 20.

 

[wombat74]

Because the problem may just be we don’t own 51-66%. Some are pushing the argument that we will only end up with 36%. Now that would be a problem!
Would love just this point to be clarified by AVZ/DRC. Would sure make me sleep better. That extra 15% is icing on the cake but without majority share we dead in the water ( pardon the pun with the talk about boatman today )

If the Chinese are claiming we will only hold 36% what happened to the money we paid to get up to the current 75% ? Also if any of this BS is true then surely the CATH deal is dead in the water ?

 

[cruiser51]

Mind if I borrow that to post on the crapper? Won't show your username or anything, if anything it will probably get me banned

Go for it, I never shorted, I believe shorting should be banned to be honest.

There are call and put options if you wish to gamble and magnify your exposure on shares going up or down.

But deadset against allowing brokers and or large institutions to use shares on their books to manipulate a share price.

Was just interested what it would cost to short, there are probably people on here, who could give a better explanation.