AVZ Discussion 2022

[Cumquat Cap]

I got a bonus for achieving tangible outcomes for my employer/shareholders

 

[Mr Inappropriate]

p

I really dont see the Power plant as a negative for AVZ.
Looking at it from a DRC perspective, they own the assest and AVZ has an MOU to refurbish - not one of ownership. Consequently, if zijin refurbish then who is paying? I have not seen any contacts apart from the MOU with AVZ. So if zijin refurbish then what is stopping the DRC gov from saying get lost to zijin, there are not contracts and thus no ownership or rights. I see that as a positive for the DRC gov and also for AVZ as we do not need to raise the $ for the refurb and when finished we get to use the power for our benefit.
IMO

#FuckZijin aren’t doing this for altruistic reasons. They want to control the cost and availability of power to our mine operations. It’s SOLELY to fuck us up.

#Fuckzijin

 

[rocknrolla]

I'm against a bonus full stop. Made that clear immediately. There are still plenty of performance rights on the table if ML is delivered soon. No fucking way do any of them deserve extra cash even if we started trading again tomorrow at all time highs.

Beyond belief they did this while talking about 'medium term' capital raises in suspension if still no ML before cash gets low. The notes said the bonus hasn't been paid yet so I'm willing to give them some leniency but I cannot envisage any scenario where they deserve another cent.

They raise in suspension retail is f#cked on open

 

[Jazz]

A big "no" to any bonuses whilst we are suspension and total uncertainty. The BOD rewards will come once we are in the clear and trading with their performance rights. I understand they are working hard and it is stressful dealing with what has been thrown at them but they have not "performed" as such because SH have been in limbo for 16+ months.
Have a lot more l would love to say here but don't want to be negative.
I intend to go to the AGM in Perth. If an informal catchup appeals to anyone l would be in it.

I’m a maybe to head over for the AGM, happy to catch up and discuss the many WTF moments of the last year or so.

 

[tonster66]

I think you'll find that the contract ( MOU ) AVZ Power had was that we get to use the power but would also provide the local community with power. So the MOU must of had some rights to the power generated. No doubt Zijin will sell power to us but I'll guarantee at astronomical prices

p

#FuckZijin aren’t doing this for altruistic reasons. They want to control the cost and availability of power to our mine operations. It’s SOLELY to fuck us up.

#Fuckzijin

Yes I get where you are coming from, but that is only if zijin has ownership rights. If there are no contracts and zijin are doing this to gain leverage I dont think they would have any as the DRC is the owner and there is no agreement.
Nothing stopping AVZ to continue with their MOU and taking advantage of the work already completed.
IMO

 

[Dazmac66]

What is the water and energy minister doing while Comminiere blatantly contradicts the MOU it signed with AVZ? Mind boggling.

 

[Bray]

He’s on a holiday in the Bahamas paid for by zinjin.. obviously

 

[cruiser51]

Translated from French by
Everything I problem, comes true... What your advisors promise you is unreal...but you continue to waste time listening to them... Soon there will be crying and gnashing of teeth!


5:59 AM · Oct 18, 2023
·
It is as if Comminiere have some kind of assurance from above that they will be all good to go with their Chinese mates. Their total denial of the contracts in place is just bizzare. This power station has surely flown under the radar of AVZ. It would have taken weeks/months to carry out these works and required a significant workforce. Surely an update incoming - will make interesting reading ending with the initiation of another stalling ICC appointment. FMD this is testing on my sanity - can only imagine the BOD mental state! Hope you all have a fantastic day - try to think about something else.

Did you see AVZ's twitter post regarding MP Power station 13/10/2023?

I would say, that twitter post did not appear because AVZ's radar is suffering from a breakdown.

 

[wombat74]

Did you see AVZ's twitter post regarding MP Power station 13/10/2023?

I would say, that twitter post did not appear because AVZ's radar is suffering from a breakdown.

Yep , I don't think it's a coincidence current activity at the power station comes on the heals of AVZ's recent post . CKK/Chinese plan of attack is to knee jerk react to positive info re AVZ . Propaganda .

 

[geo_au]

I

I'm against a bonus full stop. Made that clear immediately. There are still plenty of performance rights on the table if ML is delivered soon. No fucking way do any of them deserve extra cash even if we started trading again tomorrow at all time highs.

Beyond belief they did this while talking about 'medium term' capital raises in suspension if still no ML before cash gets low. The notes said the bonus hasn't been paid yet so I'm willing to give them some leniency but I cannot envisage any scenario where they deserve another cent.

I am FOR a bonus as they have achieved a lot much of which investors know little of. I am very happy with their performance to-date and have a high regard for them all.

 

[Hemicuda]

I

I am FOR a bonus as they have achieved a lot much of which investors know little of. I am very happy with their performance to-date and have a high regard for them all.

are you fucking tripping?

 

[Dazmac66]

Did you see AVZ's twitter post regarding MP Power station 13/10/2023?

I would say, that twitter post did not appear because AVZ's radar is suffering from a breakdown.

The work at the power station appears significant and would have been started long before the twitter post. Not sure what your point is Cruiser.

 

[Mickyb64]

I

I am FOR a bonus as they have achieved a lot much of which investors know little of. I am very happy with their performance to-date and have a high regard for them all.

Doesn't work that way mate, results equals remuneration. Talk equals fuck all.

 

[Cumquat Cap]

What a fkn joker you are Geo (or are you Ben) - i'd be happy with their performance if I could buy or sell? - Liquidity is a MAJOR factor with publicly traded companies and the lack of it for extended periods of time is absolutely unacceptable (although I do understand and agree with their strategy in this context).

As said, they can have whatever they want as a bonus once they achieve tangible outcomes and liquidity for investors, very simple

 

[Rediah]

 

[JNRB]

Yes, or even performance bonuses held in escrow until we trade again.
BoD telling us "we done good! Promise! We juat cant tell you all the details..." so award the bonus based on that, but dont let them actually get it until WE the shareholders can actually see the proof and can actually access our own capital also. That seema like a reasonable outcome for all involved.

You make some sense. However, could they have done more initially so we aren't in this position? Why no KPI's attached to this? I would be happy with certain milestones being achieved then they get rewarded such as ML or SP a certain price for a period of time etc.

 

[cruiser51]

The work at the power station appears significant and would have been started long before the twitter post. Not sure what your point is Cruiser.

Very simple, the post did appear for a reason.
You were saying this today:'This power station has surely flown under the radar of AVZ.".

 

[Scoota30]

A big "no" to any bonuses whilst we are suspension and total uncertainty. The BOD rewards will come once we are in the clear and trading with their performance rights. I understand they are working hard and it is stressful dealing with what has been thrown at them but they have not "performed" as such because SH have been in limbo for 16+ months.
Have a lot more l would love to say here but don't want to be negative.
I intend to go to the AGM in Perth. If an informal catchup appeals to anyone l would be in it.

Hey Panther I'm heading up for the AGM too and wouldn't mind an informal catch-up or some drinks post AGM either. I think @BEISHA & @tonster66 are coming as well.
Might make a DM group on here for anyone interested hit any of us up.

 

[Azzler]

Announcement incomming... Have we thwarted the scumbag circle?

 

[Doc]

fark now im confused.
16 nominations for Directors.
Which one of you pricks are on there? I bet a few. Again no invite for Doc, can all get fucked