AVZ Discussion 2022

[Doc]

Last year the quarterly was released at 4.49 AEDT....

31/01/2022

4:49 pm AEDT

Quarterly Activities/Appendix 5B Cash Flow Report

What do you blokes expect?? They have released an announcement today already!
Do you know how long it would take our TWO company secretaries to pull up the previous announcement, change the date, change the next due date and submit?
Honestly ffs! I’d expect them to be putting in an overtime invoice today just on that alone. Add the qtrly……

 

[Mickyb64]

AVZ's head office is in WA, there is a time difference between AWST and AEST of 3 hours.

Give these guys some time to eat their lunch for fuk sake.

Don't forget the Pina Coladas.

 

[cruiser51]

Don't forget the Pina Coladas.

And the skimpies!

 

[Winenut]

What do you blokes expect?? They have released an announcement today already!
Do you know how long it would take our TWO company secretaries to pull up the previous announcement, change the date, change the next due date and submit?
Honestly ffs! I’d expect them to be putting in an overtime invoice today just on that alone. Add the qtrly……

They could have copied and pasted the one I prepared!

 

[Thaz]

Quarterly is released ... ~12M spent in the Dec quarter.
36M in the kitty ... 3 quarters worth of run way if the current spend continues.

1.5M in staff/ wages costs ....and 2.4M in corporate costs ... Jesus.

This better be resolved soon ...

 

[Mr Clean]

Quarterly is released ... ~12M spent in the Dec quarter.
36M in the kitty ... 3 quarters worth of run way if the current spend continues.

1.5M in staff/ wages costs ....and 2.4M in corporate costs ... Jesus.

This better be resolved soon ...

Dangerously high spend considering the project has completely stalled. Very worrisome

 

[BRICK]

Dangerously high spend considering the project has completely stalled. Very worrisome

Well in their defence....Italy is expensive at Christmas

 

[Chilla]

They should have dropped that 5 min after the extension this morning….total disrespect for shareholders….their actions do not demonstrate any ‘regret’ unfortunately.

Lift your game Nige….the major update better being a fucking doozy.

 

[Charbella]

“AVZ confirms that it retains legal title to a 75% interest in Dathcom – the legal entity by which the Manono Project is held – and pre-emptive rights over 15% out of Cominiere’s 25% interest in the Project (noting that Cominiere must cede the other 10% of its 25% interest in the Project to the DRC Government as a condition of the award of the mining licence under the Dathcom Joint Venture Agreement (“Dathcom JVA”).

There you go, where is Cominiere’s 10%? They are left with only 5%! How are we going to satisfy this condition? Therein lies the problem.

 

[obe wan]

“AVZ confirms that it retains legal title to a 75% interest in Dathcom – the legal entity by which the Manono Project is held – and pre-emptive rights over 15% out of Cominiere’s 25% interest in the Project (noting that Cominiere must cede the other 10% of its 25% interest in the Project to the DRC Government as a condition of the award of the mining licence under the Dathcom Joint Venture Agreement (“Dathcom JVA”).

There you go, where is Cominiere’s 10%? They are left with only 5%! How are we going to satisfy this condition? Therein lies the problem.

Reshuffle and then overturn MoPs dumb ass plain as day corrupt decision.

Imo FT most likely doesn’t want to be overturning in power members of his governments decisions ; never a good look, like like you’ve failed to keep control.

A terminated bag egg ; well that’s something else

 

[Charbella]

That’s my bet too. Need to wait at minimum for a mmcs loose. That shit with zijin can take very long. After that the next problem is how can we sell 24% to get the money for the construction? When the Drc don’t accept it until the dathomir cases are finished? That’s why I think it’s nothing close. I believe not before mid of this year or maybe later. Zijin will not give anything back. And I think dathomir will do it the same way. So that shit talking of the bod anything soon is in my eyes just a tactical thing to get more time before some shareholders going completely crazy.

In my view the main issue is MMCS. The 15% to Zijin we never had it in the first place, we can afford to park it on the side and wait it out. As for Dathomir it can be resolved, they just want more money.

 

[JAG]

 

[wombat74]

Hey solo can you do one from the interview where Nigel says the ML , "Will Happen ."

 

[TDITD]

TITS for MD!

TITS for MD!

TITS for MD!

$10
$10
$10
$12 for Zijin

 

[Peterg]

All that money spent and we get cut and paste announcement. We are screwed, they are having us on.

 

[TDITD]

Quarterly is released ... ~12M spent in the Dec quarter.
36M in the kitty ... 3 quarters worth of run way if the current spend continues.

1.5M in staff/ wages costs ....and 2.4M in corporate costs ... Jesus.

This better be resolved soon ...

Don't worry there is absolutely no way our many detractors will be reading the AVZ quarterly and realising we are so dense we haven't cut back on spending. No way they are licking their lips at the idiocy, no way their plan is working......remember its imminent

 

[Doc]

Don't worry there is absolutely no way our many detractors will be reading the AVZ quarterly and realising we are so dense we haven't cut back on spending. No way they are licking their lips at the idiocy, no way their plan is working......remember its imminent

4 diamond drill rigs running. FOUR!!!!
It’s already the largest unmined hard rock deposit in the world!!! Increasing the resource size now is like Elon Musk winning $10 on a scratchy ffs

 

[wombat74]

Hey solo can you do one from the interview where Nigel says the ML , "Will Happen ."

Can anyone place this interview with Proactive Investors around August 2021 from memory ? It appears to have gone missing .

 

[Hemicuda]

All that money spent and we get cut and paste announcement. We are screwed, they are having us on.

Think there just riding the lightning on there fat monthly wages til the coin runs out, progressing what they can to appear in control, and hoping for some sort of buy out, meanwhile giving no fucks to shareholders, what a disgrace

 

[TDITD]

4 diamond drill rigs running. FOUR!!!!
It’s already the largest unmined hard rock deposit in the world!!! Increasing the resource size now is like Elon Musk winning $10 on a scratchy ffs

Exactly, its almost as if a deal has been done behind closed doors where our BOD make all the right noises but run the company into the ground. The spending is nuts, totally needless considering how long we have been tied up already and the distinct possibility of being tied up for another year for ICC to make decisions for the spineless.
This is where they have me going all Bi-polar. Just throwing cash down the shitter hand over fist.