AVZ Discussion 2022

[MoneyBags1348]

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.

 

[Cumquat Cap]

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

 

[TDITD]

Do you remember Nigel's attitude toward questions asked at the last AGM re his involvement with AJN / Klaus ? Unless he is bearing good news I am fairly certain his response to questions re bonuses will be met with the same reply .

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.

 

[Retrobyte]

Today's tip is for anyone who has email notifications for PMs switched off - you can view any PMs here ....

 

[TDITD]

Guys, be mindful of Morningsuit5 on HC and Calling on Governance on X. Reckon it’s MMGA scum in disguise.

Funny how they are not in here
it would be a fun thirty minutes for those who caught it

 

[BRICK]

Funny how they are not in here
it would be a fun thirty minutes for those who caught it

And the fuckstain has landed on the x and recycling the same

 

[geo_au]

I was actually agreeing with you Geo, for once, if you read the post. On the higher end for an explored-cum-developer but not unusual. I don't take issue with actual AVZ salaries.

I sincerly apologise roon, here's hoping all turns out well soon for all shareholders.

Have a nice day mate.

 

[LithiumKing]

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]

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

 

[Hudnut]

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.

 

[John25]

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.

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

 

[Retrobyte]

Here’s a couple of facts

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

Not all the Chinese names in the T20 are baddies - the BOD has confirmed support among some of those names.

 

[MoneyBags1348]

@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

 

[oxxa23]

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.

 

[oxxa23]

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.

 

[Hudnut]

Anyone shed a light on these bonuses? No cash bonuses in 2022 yet they getting them now? What happened to tightening the belt?
How do I get a gig like this?

View attachment 45902

I've gone back and had another look at this to try and absorb it properly.
I think the above is specifying the remuneration package. (ie. How much bonus they would be entitled to, not how much they actually got.)
I dont think they received these bonuses, as:

Would have to go through the financials to confirm, but the footy is about to start.

 

[BRICK]

Dear All,

Hang the fuck in there.


we are all in this together.

Fuck MMGA again

 

[Xerof]

Query for the AGM, where any explanation will be given

Can we park this up until then, it’s just fodder for trolls

In any event the 3 directors would have approved the bonuses, not MD, and most likely for work done well beyond that normally expected of management

 

[John25]

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

@Retrobyte thanks mate

@Hudnut
i) Shareholder’s who never worked out 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…. They might 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

Was laughing at you …promising to leave ( yet again) the forum but like the drama queen bitch you are …just cant keep away ..suppose you be rocking the “Pink Room “ tonight In Newcastle…

 

[BEISHA]

@Retrobyte thanks mate

@Hudnut
i) Shareholder’s who never worked out 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…. They might 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

"They might 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"

To be fair money, most folks were probably hanging on to their shares until the official announcement of ML approval to pop post ML decree, including myself, no one would of had a clue as to the evil that was lurking behind closed doors leading to extended suspension.

This is the main gripe that most shareholders have with AVZ BOD, they knew prior that there were some "red flags " lurking that could potentially be a spoke in the wheel, but shareholders didnt find out about that until trapped....

Its a fair and reasonable gripe...

On the other hand...

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.

I agree 100%, all those bad actors mentioned are the true evil in this shitty equation!

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.

I agree 100% again, AVZ BOD have done a remarkeable job in that regard and should be commended!

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.

No doubt about it !

However....

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

Your research is second to none and i think everyone on this forum appreciates your input in making us understand the complexities / nuances this crap affair entails, but is it necessary to ridicule posters for having a bitch from time to time ?

We are all human, lots of posters hurting financially, we certainly dont deserve the crap we are in, folks should be encouraged to express not regress without condemnation, mental health is a major issue in Australia and we have all been literally stuck in a 16 month bubble, with virtual crickets coming our way via ASX and even then, its cryptic.

Now i might have been a bit harsh on @obe wan for my comments towards him in a recent post, i regret that and apologise, no ones perfect here and everyone has a different approach to contributing on this forum, the ole slogan..

" WE ARE ALL IN THIS TOGETHER "

is absolutely true and we need to galvanise not splinter in order to fend off the nasties that attempt to twist our minds and collective.


With much respect.


imo