How much is the 15% worth, $150 million? Felix is going to need quick funds
AVZ Discussion 2022
- Thread starter GazDix
- Start date
How much is the 15% worth, $150 million? Felix is going to need quick funds
oxxa23
Regular
Yeah hey, fancy questioning a board that has had obvious disclosure issues and handed themselves millions of freebies at the same time...we should all just get into line and follow blindly... and then the nerve of us to comment about it on a forum....
BTW, either the remuneration report or the notes is wrong... as accrual accounting doesn't allow for payments in different periods to be reported in the current one unless derived/earnt this year.. and well, there was no employee entitlements owing at 30 June 2022 or 2023... so they've stuffed something up...
Mickyb64
Regular
It's starting to get really old that every time someone criticises this BOD they are labelled a whinger for not doing anything to help AVZ. When I invested, I checked the resource, the company and DRC political situation. I took a calculated risk and understood that I might lose my cash. I didn't invest thinking I would be required to troll through multiple social media platforms defending AVZ. I don't claim to have contacts in the DRC or within AVZ as some on here claim, I just invested based on what I could research. If I'm not happy with the cone of silence BOD and their bonus payments,I should be able to say so here without being labelled a whinger.
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Cumquat Cap
Regular
Couldn’t agree more with the boys above, I am a long term holder desperate for a return on my investment, I hope moneybags keeps the same dick riding energy for management when they’re raising private capital whilst still paying themselves handsomely thus diluting the shit out of us. I very much hope $avz succeeds but think our management have been arrogant and have not performed the duties/expectations of their role. They’ve been poor and need to produce an outcome ASAP
Cumquat Cap
Regular
Management was us to vote then back in and ignore these MMGA sharks/cunts - produce a fucking outcome that will lead to shareholder liquidity and capital growth. Simple equation
Samus
Top 20
The focus right now should be as below:
"The ICC Tribunal is determining the issue of jurisdiction as a preliminary question. That preliminary question was originally listed for hearing in July 2023, but Jin Cheng sought a postponement of the hearing to give it an opportunity to address allegations raised by AVZI that the sale from Cominière to Jin Cheng was also tainted by corruption.
The preliminary question is currently listed for hearing on 5 and 6 October 2023.
AVZ is confident AVZI’s jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI as it is not (and never has been) a shareholder in Dathcom."
"The ICC Tribunal is determining the issue of jurisdiction as a preliminary question. That preliminary question was originally listed for hearing in July 2023, but Jin Cheng sought a postponement of the hearing to give it an opportunity to address allegations raised by AVZI that the sale from Cominière to Jin Cheng was also tainted by corruption.
The preliminary question is currently listed for hearing on 5 and 6 October 2023.
AVZ is confident AVZI’s jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI as it is not (and never has been) a shareholder in Dathcom."
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MoneyBags1348
Top 20
No worries fellow shareholders, even though I see the analogy that @obe wan posted that we are all on the same ship, I guess I’ve probably looked at it in a different view to others.
With a view that some on board are the kind who try and help other shareholders while others scramble to get to the lifeboats when the storm doesn’t seem to have an end…. and then there’s just the plain old dumb ones.
No worries, you lot have fun digging up your own information and doing your best to get the share price back down to 20cents so you can sell. I’m beyond giving a shit about trying to help the dumbfucks here.
With a view that some on board are the kind who try and help other shareholders while others scramble to get to the lifeboats when the storm doesn’t seem to have an end…. and then there’s just the plain old dumb ones.
No worries, you lot have fun digging up your own information and doing your best to get the share price back down to 20cents so you can sell. I’m beyond giving a shit about trying to help the dumbfucks here.
Cumquat Cap
Regular
Moneybags I very much appreciate the work you put in to uncovering th corruption that surrounds our investment. I hope you continue to engage with everyone here.
But I stand by my comments, management have been greedy and tone deaf at the last 2 x AGMS (they should return all the performance shares they took whilst clearly withholding information about our investment in 2021) and they are directly contributing to the confusion that stands in the upcoming AGM. I hope they read this and do their fucking jobs, I want access to my capital
But I stand by my comments, management have been greedy and tone deaf at the last 2 x AGMS (they should return all the performance shares they took whilst clearly withholding information about our investment in 2021) and they are directly contributing to the confusion that stands in the upcoming AGM. I hope they read this and do their fucking jobs, I want access to my capital
TDITD
Top 20
A dangerous move for him to react like that, especially as someone could relate his reaction to that of last year with Klaus and AJN, and what's transpired since. A well-constructed reply would make him look very amateurish. I doubt the room would allow him so much wriggle room this time if no movement has occurred by AGM.
For everyones sake, I'm hoping like Beisha that its in the bag already and we are just waiting on Mr. President to make a fan-fare of it. Doesn't make any sense to score own-goals for the MMGA crooks, who on their own cant even get near the goals.
TDITD
Top 20
Funny how they are not in here
it would be a fun thirty minutes for those who caught it
BRICK
Regular
And the fuckstain has landed on the x and recycling the sameFunny how they are not in here
it would be a fun thirty minutes for those who caught it
I sincerly apologise roon, here's hoping all turns out well soon for all shareholders.
Have a nice day mate.
LithiumKing
Regular
MMGA are throwing all stops to plant seeds of doubt - the number of new usernames popping up on twitter and HC is the Hail Mary move from them - not to mention that they would have encouraged (most likely more financial benefits promised ) for commiere to get off the leash and throw as many lies and bs as possible on twitter to further plant the seeds of doubts in shareholders minds that mining is not an option for Avz. Stay strong and united shareholders -stay the course and we’ve got this
MoneyBags1348
Top 20
Here’s a couple of facts
1) I might also not be the biggest fan of the BOD getting bonuses but I’m not going to be spreading it for days on end over three pages on TSE (or anywhere else) when I know the puppet nominees will be looking to use everything they can to try and usurp us even more.
2) Huljich was leaking information long before he left the company
3) With the number of Chinese shareholders in the Top 20, the three puppets…. Huljich, Carrick and Ludbrook will already be getting a percentage of votes
4) It’s not the BOD’s fault that the main corrupt actors (Dathomir, Cominiere, Zijin) and the secondary puppets who are looking to make money for themselves (Jerkoff, Math, Huljich, Carrick, Ludbrook, Tommy, Boatman) have forced the BOD to put the company in suspension while having to fight their illegal corruption. The BOD have been forced to do it to protect the share price.
5) The puppets plan is to get on the BOD of Dathcom and have AVZ removed from the project.
6) The real reason people are complaining is because they can’t sell their shares. If we were trading at $3 like LTR, no one would have a problem with remunerations, but the reason we aren’t trading at $3 is because the BOD have been having to fight the corrupt actors mentioned above, plus a few not mentioned.
7) Nigel and Graeme got this project developed, got a DFS that can’t be compared by any other Australian mining company outside the big three BHP RIO & FMG and they have even got an updated DFS in the wings that no one can match.
8) If they didn’t have to fight the corrupt actors that have been trying to steal our project construction would have been underway long ago.
9) Ah yes, but let’s just overlook all that and play into the hands of the enemy.
10) I imagine those saying they are long term holders have averages that are 1/10th or more of the current share price.
11) As far as I’m concerned, all the above are just basic facts. Like I said I’m done thinking I can help people here so good luck to the whiners whining to each other at the vegan sausage sizzle, exchanging opinions and complaining about how unfair life is, you deserve everything you get
1) I might also not be the biggest fan of the BOD getting bonuses but I’m not going to be spreading it for days on end over three pages on TSE (or anywhere else) when I know the puppet nominees will be looking to use everything they can to try and usurp us even more.
2) Huljich was leaking information long before he left the company
3) With the number of Chinese shareholders in the Top 20, the three puppets…. Huljich, Carrick and Ludbrook will already be getting a percentage of votes
4) It’s not the BOD’s fault that the main corrupt actors (Dathomir, Cominiere, Zijin) and the secondary puppets who are looking to make money for themselves (Jerkoff, Math, Huljich, Carrick, Ludbrook, Tommy, Boatman) have forced the BOD to put the company in suspension while having to fight their illegal corruption. The BOD have been forced to do it to protect the share price.
5) The puppets plan is to get on the BOD of Dathcom and have AVZ removed from the project.
6) The real reason people are complaining is because they can’t sell their shares. If we were trading at $3 like LTR, no one would have a problem with remunerations, but the reason we aren’t trading at $3 is because the BOD have been having to fight the corrupt actors mentioned above, plus a few not mentioned.
7) Nigel and Graeme got this project developed, got a DFS that can’t be compared by any other Australian mining company outside the big three BHP RIO & FMG and they have even got an updated DFS in the wings that no one can match.
8) If they didn’t have to fight the corrupt actors that have been trying to steal our project construction would have been underway long ago.
9) Ah yes, but let’s just overlook all that and play into the hands of the enemy.
10) I imagine those saying they are long term holders have averages that are 1/10th or more of the current share price.
11) As far as I’m concerned, all the above are just basic facts. Like I said I’m done thinking I can help people here so good luck to the whiners whining to each other at the vegan sausage sizzle, exchanging opinions and complaining about how unfair life is, you deserve everything you get
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12) Most of the people complaining on TSE aren't happy with the level of transparency from the BOD prior to suspension. While acknowledging the BoD needs to keep cards close to their chests in matters relating to dealing with Manono ownership issue; a lack of transparency and hence accountability to shareholders re: KPIs, and assessment of whether they have been achieved re: bonuses is expected.
I support the BoD, but the lack of transparency around certain areas with no justification plus the dismissive attitude of Nigel at the last AGM and roadshows leaves a sour taste. We aren't an inconvenience. We are part owners who pay their remuneration and a bit of respect from them would go a long way.
Finding out the BoD has awarded themselves bonuses in a report without any justification and transparency around why they consider this reasonable is the main issue.
Getting bonuses is ok. Getting bonuses without clear KPIs or reasoning behind the awarding of bonuses is not. A lot of us work hard and deal with external factors and shittiness in our jobs every day that stop us getting bonuses. We still don't get them if we don't get the results required.
Anyone have any info in an ASX announcement that outlines to shareholders what the BoD needed to achieve to get bonuses, or an assessment of whether these KPIs were met? I haven't seen it.
I support the BoD, but the lack of transparency around certain areas with no justification plus the dismissive attitude of Nigel at the last AGM and roadshows leaves a sour taste. We aren't an inconvenience. We are part owners who pay their remuneration and a bit of respect from them would go a long way.
Finding out the BoD has awarded themselves bonuses in a report without any justification and transparency around why they consider this reasonable is the main issue.
Getting bonuses is ok. Getting bonuses without clear KPIs or reasoning behind the awarding of bonuses is not. A lot of us work hard and deal with external factors and shittiness in our jobs every day that stop us getting bonuses. We still don't get them if we don't get the results required.
Anyone have any info in an ASX announcement that outlines to shareholders what the BoD needed to achieve to get bonuses, or an assessment of whether these KPIs were met? I haven't seen it.
John25
Regular
13)…At last AGM Nigel admitted his lack of communication towards SH which needed improving …since then have read no announcements headed ..Dear Fucking Shareholders
Have no intentions of ousting current BoD but a bit of transparency/communication /accountability /Trust & respect is a large piece of Leadership
Apparently from a Whinging /Breastfed /Dumbfuck Sook
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Retrobyte
Hates a beer
Not all the Chinese names in the T20 are baddies - the BOD has confirmed support among some of those names.
MoneyBags1348
Top 20
@Retrobyte thanks mate
@Hudnut
i) The shareholders who don’t understand why disclosure followed the course it did probably shouldn’t be investing in stocks. Any investor with a level of knowledge in stocks would know why and I’m pretty sure there are more experienced investors here than me…. Whiner’s could as well be asking themselves why they didn’t take some off the table when they could have, they had months to do it, but they would never think that personal greed played any part
ii) I think you’ll find the KPI’s are in the Annual Report and maybe some of what you’re looking for is in one of @Carlos Danger posts
@John25 I’m not wasting anymore time on here with questions that people investing in shares should know the answer too. Must be easy to throw money at something and then say you’re not taking any responsibility for what happens after that.
I used to own shares in around 30 companies and kept track on every one of them. Try doing that. After a couple of years of it I realised it wasn’t possible to keep it up so now I’m down to just a few companies, and as I’ve been so focused on this one that I took my eyes off BRN and I’ve seen my BRN shares drop from $400k to under $40k and having to sell them gradually at a substantial loss just pay my food and bills.
As far as you being in that category you put in your post, I don’t have a problem with that when I try and post information here and you reply with the
emoji. I generally save that for people posting something funny or replying to trolls. Best thing I can do now is offer you some tissues and put you on ignore so I don’t have to keep wasting time.
Vote how you want, do what you want, encourage the trolls, like I said, I don’t give a shit anymore
@Hudnut
i) The shareholders who don’t understand why disclosure followed the course it did probably shouldn’t be investing in stocks. Any investor with a level of knowledge in stocks would know why and I’m pretty sure there are more experienced investors here than me…. Whiner’s could as well be asking themselves why they didn’t take some off the table when they could have, they had months to do it, but they would never think that personal greed played any part
ii) I think you’ll find the KPI’s are in the Annual Report and maybe some of what you’re looking for is in one of @Carlos Danger posts
@John25 I’m not wasting anymore time on here with questions that people investing in shares should know the answer too. Must be easy to throw money at something and then say you’re not taking any responsibility for what happens after that.
I used to own shares in around 30 companies and kept track on every one of them. Try doing that. After a couple of years of it I realised it wasn’t possible to keep it up so now I’m down to just a few companies, and as I’ve been so focused on this one that I took my eyes off BRN and I’ve seen my BRN shares drop from $400k to under $40k and having to sell them gradually at a substantial loss just pay my food and bills.
As far as you being in that category you put in your post, I don’t have a problem with that when I try and post information here and you reply with the
emoji. I generally save that for people posting something funny or replying to trolls. Best thing I can do now is offer you some tissues and put you on ignore so I don’t have to keep wasting time.Vote how you want, do what you want, encourage the trolls, like I said, I don’t give a shit anymore
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oxxa23
Regular
Europe Lines Up African Minerals Pacts to Ease Reliance on China
- Partnerships expected to be signed during EU investment summit
- Deals part of bloc’s efforts to diversify access to materials
A mine worker with a handful of cobalt metal nuggets in Zambia.
Photographer: Waldo Swiegers/Bloomberg
By Jorge Valero
27 September 2023 at 8:34 pm AEST
Listen
3:12
The European Union is finalizing partnerships with the Democratic Republic of Congo and Zambia to boost local industries as the bloc competes with China to secure critical materials for the green and digital sectors.
A planned memorandum of understanding will signal to both governments and the private sector the EU’s backing for developing local value chains given that a big part of the processing of critical materials, including lithium or cobalt, currently takes place in China, people familiar with the matter said.
The EU is aiming to diversify suppliers of key resources and to counter China’s massive infrastructure investments in regions including Africa. The bloc has signed similar deals with Canada, Kazakhstan, Namibia, Ukraine, Argentina and Chile, and is also exploring accords with Rwanda and Uganda.
The EU plans to sign the partnerships during a forum of the Global Gateway, the EU’s €300 billion ($317 billion) investment program, in Brussels on Oct. 25-26, said the people who asked not to be identified because the discussions are private. The meeting will bring together leaders from the EU, other countries and European business executives.
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