We definitely know more shit
We know the extent of the corruption
We just don't know anything about what AVZ is doing lol
AVZ Discussion 2022
- Thread starter GazDix
- Start date
We know the extent of the corruption
We just don't know anything about what AVZ is doing lolCarlos Danger
Top 20
Complete speculation on my behalf here but you'd imagine the department of hydroelectricity and water are aware of it & AVZ management are aware of it. Clearly it seems like a non-issue for both at the moment, if anything it will save us time and money if they keep dismantling everything. My concern would be when they start to actually rebuild/refurbish it, if then we need to re-dismantle their work.
From a legal point of view, what they are doing is illegal and they know it so they would only be able to claim their money back against comineire, not AVZ.
Think of it as white noise - there's still no official government announcement about Zijin doing a JV for the tenement nor was there an ASX Ann from AVZ refuting the claim.... And why is that
Saying this the PR renewal and update to the CAMI portal are definitely direct breaches of the ICC order and our rights and do need disclosing to the market. But not required while we are suspended under 3.1. Either way management need to address everything that is happening imo
Samus
Top 20
They need to squeeze out official responses on these types of issues from the appropriate government departments imo, including the tenement split.Complete speculation on my behalf here but you'd imagine the department of hydroelectricity and water are aware of it & AVZ management are aware of it. Clearly it seems like a non-issue for both at the moment, if anything it will save us time and money if they keep dismantling everything. My concern would be when they start to actually rebuild/refurbish it, if then we need to re-dismantle their work.
From a legal point of view, what they are doing is illegal and they know it so they would only be able to claim their money back against comineire, not AVZ.
Think of it as white noise - there's still no official government announcement about Zijin doing a JV for the tenement nor was there an ASX Ann from AVZ refuting the claim.... And why is that
We can make all the assumptions in the world and while they may make sense there's still nothing tangible to work with or hold anybody to account. The DRC seems to be feeding our management a bunch of lip service while our assets are systematically stolen and disinformation is spread far and wide to justify it. There hasn't been one utterance out of any DRC politician in favor of AVZ throughout the suspension, much less commitment to actually follow the law and have justice served. It's a joke really.
I'm looking forward to some of you guys putting the pressure on at the AGM.
Carlos Danger
Top 20
The MoM's attitude is the delays are all AVZ's fault. Which completely ignores the fact that it was Zijin that initiated arbitration for a purported transaction they are no longer claiming. We did not issue any proceedings against Cominiere until after the decrees were cancelled with no reasons known to the mining code and Cominiere attempted to illegally terminate the Dathcom JVA. Only arbitration we launched before the decrees were cancelled was against Dathomir but this was well past the time the MoM had in the mining code to strip our rights and is still not a reason for termination of PE in the mining code.
It's all fucking made up bullshit just to rat fuck us imo
Does someone want to remind me why we shouldn't be concerned about this?
I'd really have liked to see an update from the company about such pressing issues.
The truth of most things has been dug up and exposed on tse then more recently mostly confirmed by management.
Is there a need for the silence moving forward? Where is the push back?
Best they've got is a potential MOU up their sleeve, the above tells us that a MoU apparently means nothing in the DRC.
Wouldn't a more public campaign against fraudulent and illegal activity on the international stage play to out advantage at this point?
What's the Department of Hydroelectricity and Water Resources official take on this? Why can we feel feel secure in this knowledge?
You will receive all the answers by next monday.
"Zero chance Felix isn't in on giving the north to Zijin imo" All speculation at this stage wait for the response from AVZ.
Carlos Danger
Top 20
Speculation is all we can do. Frequently, in the absence of information from the BoD.
Including speculation that they'll give us a response at all, let alone next Monday.
Carlos Danger
Top 20
Just on the power plant or on everything?
Any hint as to what our significant compromise is?
TDITD
Top 20
Such a cluster fuck
If rumour is right it's PR05 now holding us up. Keep an eye out for a new watch on that wrist
TDITD
Top 20
Are our Lawyers in DRC invisible?
Christian Lukusa won lawyer of the year last year didn't he?
How can MOM be so unaware, it's impossible. Leads one down the path of sugary snacks
It could be tonight but all concerns will be addressed.
Hemicuda
Regular
Fuck me your full of shit, please correct me when your right
Winenut
GO AVZ!!!!
You will stand uncorrected ad infinitum
After reassessing my previous votes.....I decided to change my vote for both the Hadley brothers....3 and 5 and our current board.
It makes sense to me, if we all vote the Hadley brothers in, there is not much chance that the 3 Zijin puppets will make it.....
Any thoughts welcome...
I am a first-time poster here, but I've been reading every day and I'm well aware of what's happening. A few days ago, I came across a post asking how to vote in the Annual General Meeting (AGM) if you own shares in SuperHero. That's when I realized that I also have a small parcel of shares in Superhero that I had forgotten about, even though I had already voted for my larger parcel through the automc website.
Recognizing that every single vote can make a difference in keeping the MMGA away from the Board, I contacted SuperHero. Below is their response. I thought of sharing it here, hoping it might help someone. WE have to inform them our preferences and they will vote on behalf of us
Recognizing that every single vote can make a difference in keeping the MMGA away from the Board, I contacted SuperHero. Below is their response. I thought of sharing it here, hoping it might help someone. WE have to inform them our preferences and they will vote on behalf of us
I wanted to address your recent criticism towards the board and express my disagreement. In my opinion, the board has performed admirably, especially considering the challenges we are currently facing. It's often easy to criticize from the sidelines without fully understanding the intricacies of their responsibilities and the effort they put in.
I would like to point out that if you truly believe there are better individuals suited for the board, you could have potentially pursued a board position yourself. However, I understand that board memberships come with their own set of difficulties and pressures, which might not be apparent to everyone.
Considering the significant amount of stress and uncertainty the board has undoubtedly endured, I firmly stand by my support for their efforts. I believe they have consistently strived to represent the best interests of all our shareholders.
Ultimately, if you find fault with the current board members, I wonder if you would prefer an alternative, such as MMGA, representing the shareholders instead?
Its easier to throw stones.
SilentOne
Interesting take. I don't have to be qualified or able to do a job to know if someone is delivering the results I pay them for.
If an employee does a shit job I put them on perfomance management.
If they don't improve, I replace them.
I don't take over their job.
I certainly don't expect them to reward themselves handsomely for it.
The best interests of shareholders would have included more communication and disclosure, both before and after suspension.
The best interests of shareholders would have included keeping their word when they said they would improve communication.
The best interests of shareholders would have meant reducing costs so we can continue to fight, but there are no communicated plans to do so.
The conduct at the last AGM made it clear the BoD don't consider themselves accountable to shareholders at all.
They are in this for themselves. Don't be under the illusion they give a crap about shareholders.
I support the BoD and not MMGA.
However, I'm not deluded that the BoD has delivered what we want.
We know the job is hard, that's why they get paid a substantial sum.
Accountability matters.
Nigel has stated they underestimated and didn't expect the amount of Government corruption in the DRC.
In the DRC.
That's their fuckup. They need to recover the situation.
Carlos Danger
Top 20
It's not a game of be happy with management or you're on MMGA's side. I will vote yes for remuneration to stop criticism of the board by our enemies post AGM but management specifically talked about 3 month reviews and cost cutting if no ML soon at last years AGM.
The auditor of the financial reports has brought attention to the material uncertainty of our ability to continue as an entity. Criticism of spending by management especially giving themselves personal cash bonuses without tangible outcomes is part of being a responsible shareholder.
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