AVZ Discussion 2022

[timb89]

This is great news.

SPEAKERS | Drc Africa Battery M

www.drc-africabatterymetals.com

 

[rocco]

Why is everyone talking about trading again, did I miss something was there some solid news from @MoneyBags1348 next door neighbours pet beagle?

 

[FilthyRich2]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

 

[tonster66]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

Its not like they have had a lot to do in the past 19 months

 

[hedrox]

from the new updated battery council website....

 

[Cumquat Cap]

Hopefully we have some good news to discuss by then, Will be embarrassing if not. And also hope avz holds strong and refuses to pull out should ml yet to be received by this date.

 

[BRICK]

Please give me at least a weeks notice to warm the fat lady up before she sings.



Sorry Gina I do love you

 

[TDITD]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

Two months is a long time.
A long time for shareholders to pour over the BFS.
Also a long time for any possible interested parties to register interest
Will certainly be an eventful two months after the ML/PE is given, many announcements expected and many that could eventuate too

 

[Xerof]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

AR due out around mid-October Filth @FilthyRich2

Would it dovetail with audit prep on short form prospectus ?

7

 

[FilthyRich2]

Possibly but I would suspect the dates referred to will not be 30th June 2023
Shortform needs to be more current
Will be an update to perhaps a 31st August or 15th September date
I don't think they can make that call quite yet.
Auditors may be getting confidence with post 1st July 2023 transactions to enable them to provide a limited assurance on the supplementary prospectus.
Auditors likely not to sign off on 30th June 2023 financials till as late as possible. (possibly only a day or two before the audited accounts release)
The reason being they are considering the impairment implications of the capitalised mining assets.
If no mining licence is issued, they would consider this an impairment on carrying value of assets unless they are written down.
In a situation of no ML, I would expect a qualification in the auditors report.
If ML licence is issued by audit sign off date, everything is Hunky Dory.

 

[Xerof]

Thank you mate, more detail than I expected but much appreciated

 

[Samus]

View attachment 43648

This is great news.

SPEAKERS | Drc Africa Battery M

www.drc-africabatterymetals.com

Did everyone forget the DRC battery forum where Serge Ngandu sat there with his arms folded, did a pretty bad job of describing the Manono project for lack of key details then the insulted the President?
I'll never forget that farcical event when it became clear the DRC have nfi and were way way behind in their aspirations.
Then we ended up in this shitshow with no mention of the event by the DRC government ever since.

 

[Winenut]

Did everyone forget the DRC battery forum where Serge Ngandu sat there with his arms folded, did a pretty bad job of describing the Manono project for lack of key details then the insulted the President?
I'll never forget that farcical event when it became clear the DRC have nfi and were way way behind in their aspirations.
Then we ended up in this shitshow with no mention of the event by the DRC government ever since.

Yes I had forgotten that

But with 66 weeks of excessive drinking due to this ridiculous fucking shitshow I guess there's gonna be a few details that end up sliding....

 

[Doc]

Yes I had forgotten that

But with 66 weeks of excessive drinking due to this ridiculous fucking shitshow I guess there's gonna be a few details that end up sliding....

Maybe in the last 66 weeks he has brushed up on the business to give a better account of it now?

 

[JAG]

Happy Fathers Day to all the dads, past present and future!

P.S there is no subliminal message here for those who wear alfoil on their head

 

[Misfits]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

I have asked mate and been around the traps. IMO , 2 months is a big stretch. Let’s wait and see. First things first.

 

[Misfits]

The case of AVZ relisting is not that difficult. I believe the Cosecs are in regular contact with the ASX compliance officers, so a lot of the info ASX require may already have been submitted. The only reason for the forced suspension is AVZ do not want to disclose information that can be used to benefit those who are fucking us over. Once the resolution has been reached, it’s a matter of disclosing all relevant information, ASX being satisfied with it, then notice of date for recommencement of trading advised.
It’s not like other companies who may be needing large capital raises with guarantees to relist, or companies making a large acquisition that maybe considered a change in business or require a Prospectus. Those cases can and do take a few months because of the major change in business direction and may require a new Constitution.
If AVZ have been keeping ASX informed, I think it will be only a few weeks for relisting once all relevant info can be disclosed and announced to the market.

Spot on Chilla!

 

[Colaci78]

Here’s an interesting read.

https://www.proactiveinvestors.com.au/companies/news/978191/the-drc-battery-council-building-the-sustainable-battery-supply-chain-of-tomorrow-978191.html#:~:text=to be overcome-,What is the DRC Battery Council?,chain and market in Africa”.

 

[BEISHA]

from the new updated battery council website.... View attachment 43649

Just beggars belief AVZ is still a sponsor of that event, if indeed AVZ doesnt have a future with the DRC battery metal hub as Cominiere portrays..........

So surely one must assume there is something brewing behind the scenes regards to this 15 month stale mate debacle with ML or its the biggest juxtaposition known to man kind, a veritable

A big 4 months of the year coming up regards to DRC / AVZ.......

If no ML presents prior to this DRC Battery hub forum, then watch out Nige come November AGM....

And of course, 31st December is DRC election day, if Manono is still a stranded asset , then that battery hub forum was just another hot air balloon fiasco, just like the many other forums that Felix has jet setted around the globe portraying his country in great light, his number one agenda of quelling corruption has shown no direct sign of ACTION, just a shuffle of chairs and unfortunately, the war continues unabated......

DR Congo: Killings, Rapes by Rwanda-Backed M23 Rebels

Rwanda-backed M23 rebels in eastern Democratic Republic of Congo have committed unlawful killings, rape, and other apparent war crimes since late 2022. Attacks with explosive weapons in populated areas of North Kivu province have killed and injured civilians, damaged infrastructure, and...

www.hrw.org

What has Felix Tshisekedi done in 4 yrs to warrant another term of government ?

I am sure the congolese locals are reflecting on that..............the great messiah that never was, a massive disappointment and a stooge to the chinese , who will continue to rape and pillage of a different kind............DRC minerals


imo

 

[Onthefm]

Well that sounds positive. Even got a few mates by the sound of it. If it not just more talk. But sounds good.