Without a guaranteed ML in hand ( water tight ), you are simply gambling regards to a TO of a coy, regardless of size of deposit / due diligence requirements etc.............especially so in DRC.
In my opinion - the only thing without the ML, is court cases and who the fuck knows of how long the decisions of the court would take!Without a guaranteed ML in hand ( water tight ), you are simply gambling regards to a TO of a coy, regardless of size of deposit / due diligence requirements etc.............especially so in DRC.
Just imagine spending billions of dollars and Felix or the next president elect tells you to FUCK OFF !!.........
There would have to be a contingency in the agreement that TO is only possible following approval of ML, or deal is null and void.
imo
Yes Nellie, i think " going to mining " is the only option that makes sense, given i believe a TO is very unlikely unless it involves a gringo, now if that is the case, then a lot of sweetners have to be added to the official announcement if AVZ is going to get a kick up on opening and burn the shorters , cause as you can get the vibe on this forum , plenty of posters looking to get out............so updated DFS release and / or FID, BFS etc need to come out to provide a bit of confidence to the bulls that no more of the shit we have had to endure in the last 14 months happens again......
Biggest problem we've got are the ownership disputes, if anything is happening it has to be a licence first imo. The rest will take some time.Without a guaranteed ML in hand ( water tight ), you are simply gambling regards to a TO of a coy, regardless of size of deposit / due diligence requirements etc.............especially so in DRC.
Just imagine spending billions of dollars and Felix or the next president elect tells you to FUCK OFF !!.........
There would have to be a contingency in the agreement that TO is only possible following approval of ML, or deal is null and void.
imo
Beat me to it but I agree.
At least in this scenario AVZ can pump the shit out of it before selling and not be forced into a premature sale.Yes Nellie, i think " going to mining " is the only option that makes sense, given i believe a TO is very unlikely unless it involves a gringo, now if that is the case, then a lot of sweetners have to be added to the official announcement if AVZ is going to get a kick up on opening and burn the shorters , cause as you can get the vibe on this forum , plenty of posters looking to get out............so updated DFS release and / or FID, BFS etc need to come out to provide a bit of confidence to the bulls that no more of the shit we have had to endure in the last 14 months doesnt happen again......
Until then, everything implied / whispered / we chatted is still just noise for me.
imo
Dodgy fucks!
Well I might be wrong but it seems like the DRC only has 3 real options at this point.Geez...
Everyone talking about this scenario or that scenario
And the tax implications blah blah blah
Seriously
Believe me I'm pondering as well but all you can do is deal with the outcome...... once there is..........an......outcome
Point 2 is the most likely and I doubt very much that ICSID / ICC cases will play out due to the fact that DRC govt / Zijin / Cominiere / Dathomir havnt got a farken hope in hell of winning !
. What have your puppets instructed you to do today?Morning CHYNA!...
No plan in getting out but a lazy $500K be nice for a long awaited retail therapyYes Nellie, i think " going to mining " is the only option that makes sense, given i believe a TO is very unlikely unless it involves a gringo, now if that is the case, then a lot of sweetners have to be added to the official announcement if AVZ is going to get a kick up on opening and burn the shorters , cause as you can get the vibe on this forum , plenty of posters looking to get out............so updated DFS release and / or FID, BFS etc need to come out to provide a bit of confidence to the bulls that no more of the shit we have had to endure in the last 14 months happens again......
Until then, everything implied / whispered / we chatted is still just noise for me.
imo
I see you still haven’t found your middle name yet? What about the cheese?
Yes speculating on all this without all the pieces can be a bit frustrating, I'm asking myself is it even worth the effort knowing there are a number of paths forward and an exercise like this is really a bit of guess work to a certain extent.
However, there's not much else to do until we wait on an AVZ announcement to provide the clarity we deserve.
In any evert, under the potential scenario of a asset sale, the company could make a special dividend, (that dividend could be partly or fully franked IMO, depending on how tax paid in the DRC is treated here) or maybe a share buy back would be an option.
Maybe under an asset sale the BOD decide to secure another resource opportunity (AUS?) on or around the same time of selling the interest in Manono? This could mean AVZ is not left without an assert at any stage, or possibly depending on the timing of things, Manono would not be assessed as the only asset held under the company.
Big guesses here on all this, wish I was a Taxation Lawyer as it would be helpful to know if under an asset sale whether shareholders would enjoy some local taxation relief for tax paid on the gain in the DRC.
As others have mentioned, a special dividend is income to shareholders, fully taxable unless there is some franking involved. All questions for a tax lawyer as this information is not easily discernible when reviewing ATO information, nor can I find a precedent.
It would be a shame not to enjoy the CGT discount from selling our AVZ shares in due course, assuming the value is representative of the realisation of a potential asset sale.
Some have said AVZ may not need to trade again on an asset sale, maybe. However trading again on completion of an asset sale may provide the opportunity for a shareholder to exit while others come in to make a clip or margin on any special dividend. Anyway, just kicking this thing as there's not much else to do in the interim, the rabbit hole on these types of scenario's goes deep
Of course all of the above is irrelevant should there be no asset sale, and some new type of JV is agreed, or if a group makes a bid for AVZ Minerals Ltd on the ASX, which would be a cleaner outcome and a preference assuming the pricing is attractive and there's no blocking by the FIRB.
For what it is worth, I think an asset sale is the most likely outcome, yet happy to be surprised with any other outcome for shareholders that provides better value now or in the short term.
Cheers
Dont blame you dude, taking a bit off the table for retail therapy, you can also fuck off that job that was forced upon you too, i have a open mind still which way i go, i will first await if and when something transpires , then possibly treat it as a trading stock, not a investment stock........if you get my drift.....
What happened to the South North split ? AVZ gets RD & South CDL .
Unlikely
