Lets vote to change the Constitution then....
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
Go AVZ!
No need I don't think
I presume when a company is smaller it may only require a very small number of directors
As a company grows it will most likely look to add additional exertise to the board as a reflection of it's business needs
The AVZ constitution simply stipulates 9 as the maximum number of directors allowed
It can and has operated with less to this point and can still into the future
The shareholders get to vote on whether directors get appointed or not
TDITD
Top 20
A big smile spread across my face.
Winenut
Go AVZ!
So shorters have been bailing out?
Bit of a peak in April at 4.2% or approx 148m shares
Now sitting at around 3.34% or approx 118m shares
Was kidding, thought with the recent vote people would shout me down for proposing a vote lol
No need to state it, your ugly avatar says it all....
TDITD
Top 20
I'm more pleased with the huge number still in suffering. No doubt linked to the Chinese $$ behind MMGA
Azzler
Top 20
Anyone remember how many shares were bought in when we got ASX 200? Because they also shorted just as many.
Carlos Danger
Top 20
There was around 230m shares bought in the post trade auction on rebalance day. Not all of them were ASX200/300 buys but most would have been. Some would have been added later too. That big spike in the shorts was at the same time so would have been mostly instos hedging. I reckon a good chunk of the 30m closed short positions have just been firms returning shares they lent themselves for the hedge.
TDITD
Top 20
Yep March ASX 200 rebalancing. I'm hoping that second kick up in the shorts is our Chinese pals
Yup, No Pain, No Gain as they say.Yep March ASX 200 rebalancing. I'm hoping that second kick up in the shorts is our Chinese pals
Xerof
Biding my Time 1971
I think it was near to 90/95mill shorts were put on, on entry to ASX200 The chart seems to confirm that
So my question to everyone is. What happens if the MMGA get up on election day? What happens after that? Surely 3 new board members can't outweigh the rest. The reason I ask is because of this sinking feeling I have that this has all been a plan and the likes of CATH, lithium plus, hayyou(whatever) and yibin tiyani have all been planning to join forces to take over.
Winenut
Go AVZ!
The real issue is if even 1 MMGA crook gets a seat on the board they will be privy to information that will then go DIRECTLY back to their shadowy Chinese masters
THAT in my opinion is the biggest issue
Sure they might get voted down in a decision at board level (if they make it on) but it's the information they would use and pass onto external parties that would be like an absolute cancer to AVZ that is of major oncern
But would that stop AVZ moving forward? Provided the icc and everything works out and this MOU comes out and the government gives us the mining permit. It shouldn't really matter what inside info they are giving out, all the info will be about building the plant and mining I would think.
MoneyBags1348
Top 20
Winenut
Go AVZ!
Might not stop AVZ moving forward but if you think those MMGA pricks and their Chinese backers are making life hard now imagine the extent of absolute shitfuckery they could come up with and execute when they have an insider giving them all the info on AVZ's operations and intentions and plans
Zijin, Cong, MMGA, Math, Eckhof, Celestin and others will never ever ever stop trying to fuck over AVZ for their own personal benefit.....ever
Winenut
Go AVZ!
Radar working nicely there Bags
No troll here mate. I'm rusted on AVZ fan. Got a lot of shares riding in this and just getting a little stress that's all. No harm in thinking about every angle. I mean shit, who thought we'd be here when we bought in years and years ago?
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