AVZ Discussion 2022

[CHB]

I just wish some of you investors knew what you're talking about but sadly you don't. Let me be clear we are in good hands, what's more I sleep well at night

I think that's part of the problem

Some know more than others (got told more)

Accurate info? False info? No idea

 

[Carlos Danger]

Well from roon-aus on the crapper John Clarke and Rhett are in the ten highest paid directors in australia for fy2022. Probably as they are doing such a great job NOT. So there is obviously plenty of room for them to take a cut. Or should that be the same cut as share holders. The lot. Maybe they need to go get a real job like a lot of share holders had to.

Only when the value of performance shares awarded is included in their 'pay'. They received 120k and 60k respectively in actual cash for FY22 according to AVZ's annual report. As far as I know neither of them sold any of their shares but I'm happy to be corrected on that one if they have. Any of the shares they have left are in suspension like the rest of us.

I said in one of my first posts here that management should offer some kind of sacrifice of either pay reduction or a claw back of performance shares as a sign of solidarity with shareholders that are doing it tough. I haven't changed my mind on that and think it would be more appropriate now than 8 months ago especially considering current burn rate. But it's important to be accurate with the information about management remuneration and not be swayed by the AFR's inaccurate reporting.

 

[Azzler]

I just wish some of you investors knew what you're talking about but sadly you don't. Let me be clear we are in good hands, what's more I sleep well at night

Are you for real dude?
Respectfully, please clue me in, of course I'm clueless, why would the average investor have any clue? And I'm more informed than the average investor.
The last update from AVZ was bleak as all fuck, the one before that was even worse and we've had no update since about the govenment stripping AVZ of their decree for the ML.

I and many others are at our lowest, and least confident about our money invested than ever before.

Mate if you know something, PLEASE for the love of god, TELL US!

I'm in a very desperate place right now. I'd kill for a tiny bit of confidence this will pull through.

 

[Hemicuda]

Mate some people are actually here to contribute to our cause and others like you are here to troll.

Years ago on the crapper, the cat was let out of the bag about posters whose only job it was, was just to increase traffic on their website.... I see you constantly doing just that here.... The only way to deal with that is for me either to leave the forum or start by putting you on 'ignore'

You seem to have some goods points occasionally, but you truly have less then fuck all of an idea ignore away, it will make as much difference as your posts do.

 

[John25]

“Staying silent “ is the only contribution that us SH’s should partake in ….We pay these Jokers their wages so they just float along unaccountable for there jobs/actions .Nothing comes out of their pockets but we line theres
Fine …stand by your BoD like a silent grinning idiot & let them meander on into almost 11months of suspension leaving us clueless on whats happening.Its amazing Twiggy can fly in & out of the DRC ,keep SH’s informed plus take a few happy snaps with Felix & Lukonde (glad i have a few FMG shares in the bottom draw) but our leadership team struggle getting in the front door
Tell me about struggling ,with well over a million shares tied up & at present working night shift (its almost 1pm) WA time at 63 i shouldnt be placed in this situation with funds tied up for almost a year now We have been placed in this situation by an incompetent Board …im still struggling to understand WHY we are in suspension …is it %of ownership /ML or as Nigel let it slip at AGM shorts attack

ML was about 6 weeks away August 2021 then literally weeks away Dec 2021 then at RS Nigel let it slip Nov the 17th ? Was the go .Our Fearless leader also at AGM admitted that communication between Board & SH’s could be a lot more transparent,there’s a job in politics for NF when he finishes this fuck fest because he has the attitude/attributes that he must be lying(his lips are moving) How is that going ??????.Plus being told its none of our business & not a conflict of interest with being in bed with Klaus
Well Chuss your our latest intel …I miss Nells/Fox even Cash’s local gossip/intel at least it was something to get excited about …Feel for some of our SH’s who are really doing it tough through NO fault of their own …We were a Top ASX 200 company
Finally before i get moving at work …a huge thank you to all our posters who do a magnificent job of actually trying to dot the i’s for us so much appreciated /welcomed plus one more thing @SilentOne appreciate your feed back but take your own advise “stay silent “ & “silence is Golden” you can practice what you preach

Keeping silent & backing our BoD (not now) they have done their dash with me …hoping when /if this Shit Show is finished they may need to dip into their boosted legal fund to fight off disgruntled SH’s

Australia wants to do business in DRC
DRC: Nah those aussies are dodgy cunce, we’ll make them jump thru every hoop to prove themselves and still say no hahaha suckers

China wants to do business in DRC
DRC: Fuck yeah come on in, rape and pillage our country and people we’ll give you everything you want with open arms

Mate some people are actually here to contribute to our cause and others like you are here to troll.

Years ago on the crapper, the cat was let out of the bag about posters whose only job it was, was just to increase traffic on their website.... I see you constantly doing just that here.... The only way to deal with that is for me either to leave the forum or start by putting you on 'ignore'

Shit ….Bags ,dont even joke about leaving …you know how unstable i am …that could trgger anything first of 6 straight nights over …just a small warning SH’s nothing announced by the end of night six …just pass me the mantle NOW

 

[Roon]

Only when the value of performance shares awarded is included in their 'pay'. They received 120k and 60k respectively in actual cash for FY22 according to AVZ's annual report. As far as I know neither of them sold any of their shares but I'm happy to be corrected on that one if they have. Any of the shares they have left are in suspension like the rest of us.

I said in one of my first posts here that management should offer some kind of sacrifice of either pay reduction or a claw back of performance shares as a sign of solidarity with shareholders that are doing it tough. I haven't changed my mind on that and think it would be more appropriate now than 8 months ago especially considering current burn rate. But it's important to be accurate with the information about management remuneration and not be swayed by the AFR's inaccurate reporting.

View attachment 32714

Yes the table of top 20 included their entire package, including performance shares. Not suggesting it was all millions in cash. The point was that despite the turbulence and issues, that two of our directors received in the top 10 Australian director remuneration packages in value in FY22. I dont think that was inaccurate reporting. They haven't sold any I dont think? Well jot that they could for a portion of it.

 

[BEISHA]

I don't believe abusive comments towards the President is helpful to our cause BEISH. My approach has been to target the corruption in the DRC and use their Mining Week Events as another place to highlight this corruption. THE VUKA GROUP are promoting and sponsoring the DRC MINING WEEK EVENTS in June and September on Facebook and a number of other platforms

- Jacques Kyabula Katwe (Governor of Haut Katanga) is a speaker at the June event in Lubumbashi
- Zigin's Kamoa Copper has an Advisory Board Member speaking at the June event in Lubumbashi
- Zigin's Kamoa-Kakula Copper Mine is a Platinum sponsor


I don't see referring to the DRC as the Democratic Republic of Corruption as a personal attack on anyone in the Government, rather it's highlighting the fact that corruption is rife in the DRC Mining Sector and Jean Felix Mupande Kapwa (the DG of CAMI) is part of that corruption.

@cruiser51 added: "the current MD of Cominiere, Athanase MWAMBA MISAO, is in jail and the current Administrative and Financial Director, Alpha MONGA, is convicted to go to jail"

Now we have also seen Célestin Kibeya Kabemba (Acting MD of Cominiere) in the interview 'Cominiere's response to allegations of mining fraud', lying about AVZ's finances, and stating Cominiere want to control the finances

@obe wan added: "Cominiere brings nothing to the Manono project. All they do is try to hinder progress at every step. These are the people who keep the DRC in poverty despite enormous resources"

Jules Alingette released the IGF Report stating Cominiere's sale of shares to Zigin was illegal and fraudulent


TSE as a platform for sharing information and helping our cause has been a great benefit to all shareholders, but when shareholders just vent and whinge about the same things week in week out, and blame everything on the exec's and BOD, it risks shareholders who are contributing to our cause losing interest in helping others. I had my shot at the exec's and BOD ahead of the roadshows, I've long moved on to take a more pro-active approach....

This is just my opinion because I'm one of those shareholders who is rapidly losing interest in contributing due to the wingers


@Cashcity said "I’m no saint like moneybags".... You mean neither of us are saints? Or it's just you're not

You are entitled to your opinion mate as i do too, i dont believe i whinge, but certainly have a vent regards to FACTS as i see it.

Unfortunately i dont have the time to sleuth too much as i am snowed under with work, so i just comment on the FA that is provided , which i appreciate very much by many here, including you ..........when i can.


cheers

 

[Hemicuda]

Are you for real dude?
Respectfully, please clue me in, of course I'm clueless, why would the average investor have any clue? And I'm more informed than the everage investor.
The last update from AVZ was bleak as all fuck, the one before that was even worse and we've had no update since about the govenment stripping AVZ of their decree for the ML.

I and many others are at our lowest, and least confident about our money invested than ever before.

Mate if you know something, PLEASE for the love of god, TELL US!

I'm in a very desperate place right now. I'd kill for a tiny bit of confidence this will pull through.

check it out MB's ya flog, another troll hey,,,, apologies azzler, same boat as you mate

 

[wombat74]

You are entitled to your opinion mate as i do too, i dont believe i whinge, but certainly have a vent regards to FACTS as i see it.

Unfortunately i dont have the time to sleuth too much as i am snowed under with work, so i just comment on the FA that is provided , which i appreciate very much by many here, including you ..........when i can.


cheers

I reckon Moneybags is going to explode if this goes down the sh1tter .He'll be on the first bus to Perth.

 

[Dazmac66]

It's not about the Project . It's about the Share Holders . This is a Public Company . Nigel must make a judgement based on the best outcome for the Share Holder . It could be $5 . It could 80cents . It could be 40cents .It cannot be Zero . He must accept a result/option that returns money (profit or loss) back to the share holder. Now it may well be there are no options and we are totally screwed . If that's the case then it is what it is . But to think investors would rather lose all their money than do a deal with these f--k sticks is ridiculous . Plenty of punters are multiple bags in front and will see a decent return even with a pineappling . imo

I see your point mate but none of us have DLA Piper whispering in our ear. Surely they will know when it is time to say the corruption is overwhelming. Not their first Rodeo either.

 

[Bray]

Happy to chip in for moneys counciling and bail costs

 

[John25]

Just a small reminder SH’s dont mess with Bags

 

[Rediah]

@geo_au

Whats the goss..

You can tell us here, we are good people

View attachment 32018


Meanwhile us, the sane ones

I just wish some of you investors knew what you're talking about but sadly you don't. Let me be clear we are in good hands, what's more I sleep well at night

Share the inside gossip, you drop crumbs and thats it...?

 

[ptlas]

Just a small reminder SH’s dont mess with Bags
View attachment 32721

That's not MB.
Somebody said on here he's got a bald head.

$12

 

[Mickyb64]

I just wish some of you investors knew what you're talking about but sadly you don't. Let me be clear we are in good hands, what's more I sleep well at night

Geo, if you've got some information then share it. Not one whisper or wink from inside information has come true so far.

 

[Bin59]

As it’s another quiet day for AVZ I thought I’d share an interesting post from rainbowdaisy I read today on the HC FMG forum (2021 post) claiming that Twiggy had tried to get Manono from AVZ in the past - some here may have been aware of it already.

rainbowdaisy
1,641 Posts.
254

01/09/21

16:06

Post #: 55754863

Hi all

FMG now for several years has been on the hunt for a white elephant (lithium resource).
Early this year, a small, specialist online journal called Africa Intel, reported Dr. Andrew Forrest was interested in refining coltan and lithium as well as investing in copper and gold— all this is arteries on t he main project youre likely familiar with, the green hydrogen energy hydroelectric project. This reporting by Africa Intel was independant. Further and more recent, my Congolese sources on the peripheral to the bureaucracy advise that Twiggy has tried very hard to acquire the Manono lithium project mining license but has been officially Denied scope to engage ministers of the DRC on the matter further. This is a massive blow to the white elephant hunt, unless any one has other information?

if any one can further verify this sentiment for Manono lithium reserves, please advise.

Now, I make a distinction with the worlds largest known hard rock Spodumene reserves at Manono, 1.65% (and growing), and it’s majority project % owner, AVZ Minerals, whom Twiggy may not have made an offer to for its share.

in any case, the final matrix for AVZ’s Manono lithium Tin Operation “MLTO”, is still being sorted. But not for much longer.

If Twiggy could make an offer to AVZ, what do you think would be fair value? Bear in mind, the Bankable Feasibility Study, is currently undergoing dotting i’s & crossing t’s checks. So NPV evaluations based on the original DFS would be obsolete with project interests, taxes, scale of strategy and JV partner/s all to be revealed.

below image shows Dr Forrest with His Fortescue Future’s CEO, Julie Shuttleworth, in the DRC
(image: copyright owner; unknown, 2021)

https://hotcrapper.com.au/data/attachments/3534/3534184-e7c786937b925690026e2beac826789f.jpg

FMG Price at posting: $20.33 Sentiment: Hold Disclosure: Not Held

 

[Bray]

Twiggy can have it for that magical number

 

[marksmann007]

FMG just today made a takeover bid for MCR (nickel) last closed at $1.04 (52 week low).
They have offered MCR $1.40 currently trading at $1.47 so an expectation of a higher offer to be made perhaps?
If they threw a T/O our way it would probably be a cash & stock offer considering the substantially higher market cap of AVZ.

 

[Roon]

Can't see anyone but the Chinese attempting a TO unless all ownership and licensing issues had been put to bed. Especially not for the offer in the billions that would be required in this instance. That's an expensive potentially poisoned chalice, and would be unlikely to get past the financial, risk and controls due diligence required of a major Western corporation for such acquisitions.

 

[Bin59]

Of interest to me was this sentence:

“Further and more recent, my Congolese sources on the peripheral to the bureaucracy advise that Twiggy has tried very hard to acquire the Manono lithium project mining license but has been officially Denied scope to engage ministers of the DRC on the matter further.”

Why was this .. because they new the Chinese companies wanted it? You would have thought if they wanted a larger partner than AVZ back then they would have allowed some preliminary discussions with FMG.