AVZ Discussion 2022

[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
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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

 

[TheCount]

Oh look at the number of Board nominees..

Fuck you fat tail.
TC.

 

[JAG]

Lmfao

 

[Azzler]

Fascinating, we have another director now, and only 2 vacant spots left on the board, and 16 Nominations for those positions
I can't quite work out how those 2 will be decided though. Anyone?

 

[Azzler]

Her Excellency Salome T. Sijaona is a Tanzanian citizen and economist with vast
experience in governance, project execution, private sector engagement and
international economic diplomacy. In 2010, Her Excellency Salome T. Sijaona was
appointed as the Ambassador Extraordinary and Plenipotentiary by the Tanzanian
Government, serving as the Tanzanian Ambassador in Japan and is also accredited
with Australia, New Zealand, South Korea and Papua New Guinea. Before being
appointed as Ambassador, she was a long serving Chief Executive of two major
government Ministries and Advisor to their respective Ministers. Her Excellency
Salome T. Sijaona’s 20 years’ experience in high level management and governance
has seen her chair various Boards, including serving on international bodies.

Following the receipt of her nomination, the AVZ Board interviewed Her Excellency
Salome T. Sijaona to better understand and confirm her capabilities and skillset.
Having established that her many experiences will augment the requirements of the
Company going forward, the Directors are satisfied with the suitability of her
appointment to the Board which she has accepted.

The Board believes that the appointment of Her Excellency Salome T. Sijaona, given
her extensive governance experience and high-level government relationships, will
substantially contribute to progress the Manono Project, enhancing the diversity of
the Board.


Her Excellency Salome T. Sijaona’s appointment follows on from the appointment of Dr Casta
Tungaraza and Mr Serge Ngandu as independent non-executive and executive directors respectively,
effective from 25 September 2023, which together will further support, and ensure, robust and
effective corporate governance and risk management.

 

[Azzler]

Salome T. Sijaona | Tanzania Foreign Ministry Official List

H.E. Salome T. Sijaona Ambassdor of the United Republic of Tanzania in Tokyo, Japan who is also accredited to Australia, New Zealand and Papua New Guinea 2010 - 2015

www.tzembassy.go.tz

Seems rather high profile.

 

[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.

I actually emailed this morning the company and asked what was happening at the MP Power station.
I mentioned the article posted by AVZ on twitter, the article posted by Tantalex on twitter and the progress photos appearing on twitter.
I explained I had concerns about this.
About 1.5 hours later the AVZ's latest twitter post appeared.

In the twitter post in English:

2. Memorandum of understanding

On January 13, 2020, a Memorandum of Understanding (MOU) was signed between the DRC (MHRE) and AVZ POWER SAU.

Objective: rehabilitation of the Mpiana Mwanga I and II hydroelectric power stations as part of the implementation of the joint venture contract, led by AVZ INTERNATIONAL LTD and signed between them, that is to say, between companies COMINIÈRE SA, AVZ INTERNATIONAL LTD, DATHOMIR MINING RESOURCES SARL and DATHCOM MINING SA, not only for the exploitation of the lithium mine but also for the electrification of Manono and its surroundings.

The memorandum of understanding stipulated the responsibility of the AVZP to carry out a definitive feasibility study (DFS).
AVZP also obtained a baseline Environmental and Social Impact Assessment (ESIA) in September 2020, a prerequisite for proceeding with the DFS.


Who is actually saying that Zijin is refurbishing the MP Power house for Zijin?
What is Franck saying?

I thought asking the company is a better way than spinning out control, talking shit and suffering a nervous breakdown.