AVZ Discussion 2022

[Carlos Danger]

isn't there proof of Cominiere attending all AGM's for Dathcom

 

[Winenut]

We dont want them on the board regardless. You can just imagine after a board meeting these muppets running to their masters to divulge what was said.

 

[timb89]

We dont want them on the board regardless. You can just imagine after a board meeting these muppets running to their masters to divulge what was said.

Great point. I was thinking what's the worst one or 2 votes can do.

There must be another hand the board can play if 1 happens to get on to act as a little messenger boy. Can they exclude board members from certain information?

Eg. If a board member thought it was in the company's best interest to slap the president on national television or something equally harmful, what power does the current board have to exclude said board member? They must have some?

 

[Winenut]

Yes the AVZ board has recently had some excellent appointments

Casta Tungaraza, Serge Ngandu and now Her Excellency Salome T. Sijaona

All well credentialled and very positive for AVZ in my opinion

You would think they would be aligned with the current board and give them some numbers when deciding on matters

The last thing anyone wants now is a stupid and divisive element from MMGA getting a seat at the table in the upcoming elections

All that would do is create a massive rift in the board, disunity in direction for AVZ and be incredibly counter-productive

Vote NO to MMGA ....absolutely, purely, self interested disruptors IMO

Sorry to reply to myself but I think it's important to remember that the appointments of Casta Tungaraza, Serge Ngandu and now Her Excellency Salome T. Sijaona are only "until" the AGM

My understanding is all three will be standing for "re-election" to the board come the November AGM

I'm pretty sure AVZ will make this clear in their formal communication

 

[Winenut]

Great point. I was thinking what's the worst one or 2 votes can do.

There must be another hand the board can play if 1 happens to get on to act as a little messenger boy. Can they exclude board members from certain information?

Not sure.....but probably not

That's why it's so important to make sure none of the MMGA stooges get anywhere near the board.....not one.......fullstop

 

[Winenut]

Sorry to reply to myself but I think it's important to remember that the appointments of Casta Tungaraza, Serge Ngandu and now Her Excellency Salome T. Sijaona are only "until" the AGM

My understanding is all three will be standing for "re-election" to the board come the November AGM

I'm pretty sure AVZ will make this clear in their formal communication

Retro covered it well here..

 

[j.l]

Yes the AVZ board has recently had some excellent appointments

Casta Tungaraza, Serge Ngandu and now Her Excellency Salome T. Sijaona

All well credentialled and very positive for AVZ in my opinion

You would think they would be aligned with the current board and give them some numbers when deciding on matters

The last thing anyone wants now is a stupid and divisive element from MMGA getting a seat at the table in the upcoming elections

All that would do is create a massive rift in the board, disunity in direction for AVZ and be incredibly counter-productive

Vote NO to MMGA ....absolutely, purely, self interested disruptors IMO

Yeah, if even one of the MMAGgots gets in there, they have a mole in the inside (again) and there will be a new (old) source of leaks and the rot will start again.

 

[Winenut]

Yeah, if even one of the MMAGgots gets in there, they have a mole in the inside (again) and there will be a new (old) source of leaks and the rot will start again.

 

[Cumquat Cap]

So what's the go with board can they informally keep crucial stuff from the mole Director I wonder (off books of course) - I guess the only positive is at least they now know Peter is corrupt and leaking like a siv

 

[Mr Inappropriate]

Not sure.....but probably not

That's why it's so important to make sure none of the MMGA stooges get anywhere near the board.....not one.......fullstop

Yep. A ship can sink with only one hole, but it will sink faster with a few holes.

Remind me again, what kind of holes are the MMGA crew?

 

[Flexi]

What amazes me is why do we need 9 (?) board members ........just adds to the running costs.
Can we operate with say six.....or is it in the company rules.
Sorry for the dumb questions......

 

[Winenut]

What amazes me is why do we need 9 (?) board members ........just adds to the running costs.
Can we operate with say six.....or is it in the company rules.
Sorry for the dumb questions......

Don't "need" 9 but I think the constitution states there can be a "maximum" of 9

The board has certainly operated with less than 9 to this point and may still operate with less than 9 after the AGM depending on whether additional nominees actually get the required votes or not

 

[Roon]

Won't that be more board members than employees? Haha

 

[j.l]

What amazes me is why do we need 9 (?) board members ........just adds to the running costs.
Can we operate with say six.....or is it in the company rules.
Sorry for the dumb questions......

At a time of crisis when austerity measures rather than bonuses and additional salaries would seem wise, it is odd that they are hiring.

Taking the positive view, they wouldn't be doing this unless they had reasonable expectations of progress in the near term.

Taking the negative view, well they've had expectations before... ( pop!)

 

[Retrobyte]

Fairly balanced Tommy article on AFR website today, quoting Pirate Pete H .... https://www.afr.com/markets/equity-...higo-payment-calls-for-change-20231019-p5edfd

Also, this one today .... https://www.afr.com/politics/federa...geway-accused-in-uk-fee-fight-20231013-p5ebzo

 

[wombat74]

At a time of crisis when austerity measures rather than bonuses and additional salaries would seem wise, it is odd that they are hiring.

Taking the positive view, they wouldn't be doing this unless they had reasonable expectations of progress in the near term.

Taking the negative view, well they've had expectations before... ( pop!)

Are they not hiring to thwart these MMGA grubs ? Or at least one of the reasons .

 

[Doc]

Fairly balanced Tommy article on AFR website today, quoting Pirate Pete H .... https://www.afr.com/markets/equity-...higo-payment-calls-for-change-20231019-p5edfd

Also, this one today .... https://www.afr.com/politics/federa...geway-accused-in-uk-fee-fight-20231013-p5ebzo

He did resign but only after he was told he about to be kicked out the door by share holders lol

 

[Carlos Danger]

He did resign but only after he was told he about to be kicked out the door by share holders lol

Same energy

 

[j.l]

Are they not hiring to thwart these MMGA grubs ? Or at least one of the reasons .

Yes true.

I thought you could simply use the "cast of thousands" tactic if bouncing them was the aim, but I guess deploying all possible means of defence is warranted.

 

[Remark]

Fairly balanced Tommy article on AFR website today, quoting Pirate Pete H .... https://www.afr.com/markets/equity-...higo-payment-calls-for-change-20231019-p5edfd

Also, this one today .... https://www.afr.com/politics/federa...geway-accused-in-uk-fee-fight-20231013-p5ebzo

Looks like someone has Tommy on a leash finally.

"Last February, The Australian Financial Review reported that AVZ’s chief executive, Nigel Ferguson, authorised the $US1 million payment in June 2022 to businessman and consultant, Marius Mihigo, to help it obtain a mining licence.

“There was a $US1 million payment,” said Mr Huljich. “I voiced very severe concerns about that and I was of the view it wasn’t right for the company and then I was presented with a section 249d notice, which made an allegation I was conflicted. So, I resigned to prevent division on the board and a fight among shareholders, as I didn’t consider that in the best interests of the company.”

Huljich makes it sound like he fell on his sword. Trying to make himself out as an honourable man