AVZ Discussion 2022
- Thread starter GazDix
- Start date
Cumquat Cap
Regular
I think a sale of Dathcom then avz shareholders get a special dividend. What’s the guess out board use it as leverage to keep avz alive and retain a % of the sale proceeds to do so. I think we should demand full distribution if we get sold for this hell hole we’ve been through and I wouldn’t want to invest in avz management any time soon
That had crossed my mind as well . AVZ bank the money for new projects . The SP decides the value .
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Scoota30
Regular
They were talking about eventually finding a new deposit. But my god, you would think that the best BoD on the ASX would be just about as much over this shitshow as all of us are and they would be happy to take a good sale price and ride off into the sunset.
Xerof
Have a Cigar 1975
I see AVZ is still marketed as the top sponsor for this meet. At least according to these people.
Could one of you smarties with editing, change the wording to:
CREATING WEALTH FOR A FEW CORRUPT MINISTERS OF STATE AND CHINA'S BATTERY METALS INDUSTRY VALUE CHAIN
and perhaps it can be used to spam the pricks endlessly until September
That didn't matter for Yibin or whoever it was back in the day though did it? FIRB still said no
If it's a special dividend, is this not treated as income and everyone would get taxed at their current tax rate? I hope the Board will let us trade again, so I can sell out and claim CGT discount before the EGM vote. SP would shoot up that the TO price on open. Works out better for LTHs you would think?
Cumquat Cap
Regular
I would love if we trade again as well, not have to pay capital gains in the DRC either those pricks don’t deserve any tax (feel for the general population).
No, gets taxed at 30%
A special dividend will just be added to your existing income for tax purposes, and probably not attract franking credits.
A return of capital however, is treated under the adjusted cost base rules of capital gains tax.
The best outcome for us retailers would be for AVZ to return to trading when the shitfuckery ends and with ML in hand, and we can decide when and how many to sell depending on our personal circumstances.
Cheers
F
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Azzler
Top 20
Oh christ I hadn't thought of that! This would really wipe out profits considering DRC get 30% off the bat from the sale.
I had it figured at around 55% with half CGT, but this would be more like 35% of the sale price.
God that's a bit shit.
Rediah
Regular
Azzler
Top 20
Well said mate.Maybe I'm just irreparably damaged from all this, but 'IF' (big if) the BOD can get us out of this in a satisfactory manner then IMO they have done a pretty good job. Hold the pitchforks for a moment,
Lets be honest, I think we all expected a little corruption, a little cheeky scamp behaviour. BUT FARKEN HELL not this ungodly level of rat-fuckery hell-inviting corruption and pond scum thats crawled from literally every shit-covered gutter in the DRC. Its been a veritable who's who of corruption from Mupande to Kayinda upto Lukonde, every single fucker has been involved and not one of us expected that, especially in the face of Felix and his special highly imaginative stories he told to get elected, you know something about corruption and fighting it ?
The BOD have had to fight for years, while probably getting offered bribes themselves, also being threatened with their lives and all sorts of BS, Cominiere BS, Graeme being convicted in their joke of a court system. In all of the noise, the pressure, the threats, the no doubt strain on relationships business and probably families (as many of us have likely had too) they have held firm and played a game that keeps us in it. Remember AJM people, they folded faster than a cockpunch from bags. Our management IF they can get a result deserve respect (IMO)
If they get us a result they have then taken on CCP & DRC Govt & Corruption itself it seems and won, a pretty fucking big achievement.
I would follow them into another company ONLY if it wasn't in another corrupt greedy scum-infested shithole of course.
Just my opinion, oh an if they fuck it up everyone can go fuck themselves.........
postal time
Hemicuda
Regular
Fuck a new deposit, fuck a special dividend, cannot sit through another six years of clusterfuck,,, got to hope our world class bod is negotiating a complete buy out,,,,, this motherfuckincuntyshitfuckery must endThat had crossed my mind as well . AVZ bank the money for new projects . The SP decides the value .
MoneyBags1348
Top 20
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@Xerof not sure if you or anyone wants to make enquires regarding this event, it’s not hard, I started an example using Nigel’s name but may eventually get around to making a serious enquiry
Just trying to add some extra tit bits of information to the thread but will no doubt need editing as the more I look the more corruption I find
AVZ is ‘supposedly’ a cobalt plus sponsor of the event
CMOC is a cobalt and copper miner and downstream mineral producer
Tenke Fungurume and Tantalex are cobalt sponsors
CMOC is in partnership with Sicomines and Tenke Fungurume.
Simon Cong who has been under the radar of late also has his claws Tenke Fungurume
Dathcom Mining, SICOMINES, SOPECO and SGR have one thing in common: Chinese tycoon Simon Cong.
"In addition to these four companies, Sieur Cong has interests in Tenke Fungurume Mining, the Hotel du Fleuve and various other mining operations across the country", reveals a source at the General Directorate of Taxes -DGI-, specifying that this man of business and its companies are reluctant to pay taxes and duties due to the state, suggesting that the IGF must have detected unorthodox clues and established shady connections between these companies before launching its investigations.
There seems to be no end to the shit you find on these companies.
I started taking more of an interest in CMOC with all the rumours about negotiations, takeovers and CATL - CMOC involvement around Manono, and getting pretty sick of spending time here but I know one thing I’m sure of….
AVZ is worth over $5 a share (and that’s cheap in my opinion) mining or not, I don’t know any company that’s going to fork out at least $15 billion up front to take us over and it’s hard to see Nigel giving it away for less now he’s released the latest assay results and has them on the run legally with upcoming arbitration
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MoneyBags1348
Top 20
Maybe I'm just irreparably damaged from all this, but 'IF' (big if) the BOD can get us out of this in a satisfactory manner then IMO they have done a pretty good job. Hold the pitchforks for a moment,
Lets be honest, I think we all expected a little corruption, a little cheeky scamp behaviour. BUT FARKEN HELL not this ungodly level of rat-fuckery hell-inviting corruption and pond scum thats crawled from literally every shit-covered gutter in the DRC. Its been a veritable who's who of corruption from Mupande to Kayinda upto Lukonde, every single fucker has been involved and not one of us expected that, especially in the face of Felix and his special highly imaginative stories he told to get elected, you know something about corruption and fighting it ?
The BOD have had to fight for years, while probably getting offered bribes themselves, also being threatened with their lives and all sorts of BS, Cominiere BS, Graeme being convicted in their joke of a court system
If they get us a result they have then taken on CCP & DRC Govt & Corruption itself it seems and won, a pretty fucking big achievement.
I would follow them into another company ONLY if it wasn't in another corrupt greedy scum-infested shithole of course.
Just my opinion, oh an if they fuck it up everyone can go fuck themselves.........
postal time
Yeah TITS, I’ve still got $40K of ex Altura (AJM), now MC1 to write off when I put in a good profit on my tax return
Remember how Altura was fucked in the arse by a Chinese company lending them capital then wanting it back before Altura could make any money from mining
Carlos Danger
Top 20
So ignore deboss's winks?
Carlos Danger
Top 20
I've been ignoring his winks for a very long time. But these particular winks were in regards to the theory that he and Jens had about Zijin trying to force an EGM by buying 5% of AVZ's shares and not a sale of Dathcom shares by AVZ imo
Even if FIRB had a say in JV ownership sales in a foreign jurisdiction and AVZ hypothetically decided to sell all of their holdings of Dathcom at a price shareholders were happy with then it would be a ridiculous situation for FIRB to say nah all of you must continue to be stuck in a shitshow. Very different situation to a Chinese entity getting a board seat on an ASX listed company.
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