AVZ Discussion 2022

[cruiser51]

Flexi 001
@Allmetpt


Replying to
@emil_jens

@PDTprincenews
and 4 others
AVZ offered $150 million for the 15%. DRC can use some of this money to refund to Zinjin and reverse the illegal 15% sale to corrupt ZINJIN. Was AVZ rights respected ? Respect goes both ways !


7:25 PM · Apr 11, 2023
·
20
Views

Taking in consideration Cominière already received $33.4 million, the DRC still finishes up with $150 million for that 15%, so where is the problem??

 

[BEISHA]

There is also the possibility of compromise.
Zijin pay appropriate value for the 15% .
MOM and MOP continue with their positions and Felix continues to focus on his re election .
Dathcom remain 51% majority owner of all of the tenement and
24% to CATH.
No need for ICC if the above agreed ???

I mentioned a similar scenario like this a couple of times before, simply as a means of breaking the deadlock and getting Manono into construction / production ASAP.

But on reflection........Zijin can go and get fucked, loving the heat thats being applied right now on those conniving wankers and the thieving Cominiere..........absolutely loving it!!!!

ICC arbitration now only 11/12 days away............

 

[BEISHA]

I've consistently said we should be trading since I started posting here. But this situation is a good reminder never to invest / bet more than you can afford to lose.

My initial capital exposure here is a touch over 15k. Won't change my life in the slightest if I don't get it back. However if Nigel wins the hand I'll probably never have to work again.

I've consistently said we should be trading since I started posting here.

AVZ would be sub 20c if that was the case.............all lithium stocks have been hammered with lithium spot price now down 65% from the ATH, so add that to the mix with corrupt DRC / china trying to steal from us........

 

[Carlos Danger]

I've consistently said we should be trading since I started posting here.

AVZ would be sub 20c if that was the case.............all lithium stocks have been hammered with lithium spot price now down 65% from the ATH, so add that to the mix with corrupt DRC / china trying to steal from us........

View attachment 34088

I've also consistently said that I understand why management put us in suspension and support them in their fight to retain our rights. But we have traded in this exact same position before and the share price was sub 0.20 for a long time. At the end of the day I just don't see what information isn't available to the market at this point.

 

[geo_au]

I've also consistently said that I understand why management put us in suspension and support them in their fight to retain our rights. But we have traded in this exact same position before and the share price was sub 0.20 for a long time. At the end of the day I just don't see what information isn't available to the market at this point.

Pretty obvious why management has kept us in suspension, if trading the share price dives and Zijin goes on a shopping spree ensuring they have a bigger stake over Manono.

 

[Carlos Danger]

Pretty obvious why management has kept us in suspension, if trading the share price dives and Zijin goes on a shopping spree ensuring they have a bigger stake over Manono.

Yeah like I said I understand why. But looking at it objectively I don't think it stacks up by the rules. Obviously the ASX is happy with the suspension so what I think doesn't matter haha

 

[Rediah]

Announcement

ASX Aware Letter - CMC Markets Invest Alert.
Continuation of Suspension from Quotation - CMC Markets Invest Alert.

NOTE: There are more slides that I couldn't include in this post because of the attachment limit.

 

[BRICK]

 

[Underwaterdark]

Announcement

ASX Aware Letter - CMC Markets Invest Alert.
Continuation of Suspension from Quotation - CMC Markets Invest Alert.

Not a great look with ASX taking control of the suspension.
Although not a surprise when we had 1 week to reply, and took two months.
(and then advised we aren't fully complying with a rule)

I understand its all cloaks and daggers at the moment with all that's going on.
But I don't expect the ASX to be as accommodating.

 

[Scoota30]

Expect the unexpected, I guess this was it.
Management better have a plan B for getting this ML over the line ASAP.

 

[M.Bison]

Pretty depressing stuff. What could have been a great project for everyone is now a shit project for the benefit of none. Corruption may as well be legalised in the DRC at this point. Impossible business climate.

 

[Rediah]

Not a great look with ASX taking control of the suspension.
Although not a surprise when we had 1 week to reply, and took two months.
(and then advised we aren't fully complying with a rule)

I understand its all cloaks and daggers at the moment with all that's going on.
But I don't expect the ASX to be as accommodating.

This is it....

 

[Azzler]

Can anyone break down what this actually means?


"AVZ’s securities will now continue to be suspended from quotation under Listing Rule 17.3.1, due to AVZ’s inability to
confirm compliance with Listing Rule 3.1"

"AVZ’s securities are likely to remain suspended until ASX is satisfied about AVZ’s compliance with the Listing
Rules, including Listing Rule 3.1."


3.1 = May 14 2021 Letter.

Is this all bad for us?
Or is it just like, we are still suspended but for a different reason than before?
Could it just be that ASX had no legal recourse to keep AVZ suspended, so now they have a new reason?

 

[Winenut]

At least we have the best BoD of any company on the ASX

 

[ptlas]

Pretty obvious why management has kept us in suspension, if trading the share price dives and Zijin goes on a shopping spree ensuring they have a bigger stake over Manono.

Push the price down to 5c then go private.

Suspension may ultimately kill us, but it was the only option at the time.

Following today's announcement, we have lost none of the AVZ ground, the problem is that it gives Z ammo'.

 

[Mr Clean]

Crazy all that money AVZ spent recently drilling out those tenements when this company is increasingly in a more perilous state.

What’s the likelihood that AVZ are delisted by the ASX in the coming months?

All looks pretty grim

 

[ptlas]

Can anyone break down what this actually means?


"AVZ’s securities will now continue to be suspended from quotation under Listing Rule 17.3.1, due to AVZ’s inability to
confirm compliance with Listing Rule 3.1"

"AVZ’s securities are likely to remain suspended until ASX is satisfied about AVZ’s compliance with the Listing
Rules, including Listing Rule 3.1."


3.1 = May 14 2021 Letter.

Is this all bad for us?
Or is it just like, we are still suspended but for a different reason than before?
Could it just be that ASX had no legal recourse to keep AVZ suspended, so now they have a new reason?

My, very outside, hope is that geopolitical forces are at play here and ASX are onside.
Hence the grace since February.

As things develop (hopefully in AVZ's favour), then maybe it is both in our interests to trade and we comply.

Or have I got my head in the clouds /up my rs?

 

[Underwaterdark]

Can anyone break down what this actually means?


"AVZ’s securities will now continue to be suspended from quotation under Listing Rule 17.3.1, due to AVZ’s inability to
confirm compliance with Listing Rule 3.1"

"AVZ’s securities are likely to remain suspended until ASX is satisfied about AVZ’s compliance with the Listing
Rules, including Listing Rule 3.1."


3.1 = May 14 2021 Letter.

Is this all bad for us?
Or is it just like, we are still suspended but for a different reason than before?
Could it just be that ASX had no legal recourse to keep AVZ suspended, so now they have a new reason?

My take on it, for whatever its worth:
-All the noise made someone at ASX pay attention or enough rubbish from AFR etc caused someone to look harder.
-In looking, they realised that there was some questions about the suspensions they keep approving.
-ASX decides to actually ask questions that they could have been asking all along.

-Now BOD have to have a robust explanation with ASX about how sensitive the situation is, until they either:
-Agree that the suspension is the best course of action.
-Or decide that its not good enough and not a valid reason for suspension and push us back to trading.
-Or decide that the information has to be released, even if it is used against the company, or is against the advice of lawyers and people involved in the discussions.

Not necessarily all bad, nothing has changed the situation itself.
Just the ASX has more control now, and we may have to disclose information prematurely.

 

[Winenut]

We were in voluntary suspension and now we are officially suspended indefinitely by the ASX for non-compliance of listing rule 3.1

Having explained themselves I don't see how AVZ can un-explain themselves and somehow show they are "in" compliance

Hate to say it but I reckon we're well and truly fucked

 

[BEISHA]

I've also consistently said that I understand why management put us in suspension and support them in their fight to retain our rights. But we have traded in this exact same position before and the share price was sub 0.20 for a long time. At the end of the day I just don't see what information isn't available to the market at this point.

But we have traded in this exact same position before and the share price was sub 0.20 for a long time. At the end of the day I just don't see what information isn't available to the market at this point.

Last time AVZ traded at 20c was late 2020/ early 2021 when we got our first offtake...........lol, lol, lol

Lots of water has passed under the bridge since then and AVZ is a much bigger beast, with a updated DFS in the bottom drawer waiting to be released when this mess is cleared up.

This mess we are in wasnt created by AVZ , (even tho disclosure comms are suss to say the least ) and would create a material impact on the SP as a result.

I disagree with the notion that no more information isnt available to the market........in fact i think there is a whole heap to come as per our TSE sleuths are revealing as time goes by.

Just my opinion.