Yep, then shareholders can determine what they want to do. Currently we are so disempowered and subject to the whims of Nigel, he thinks he is doing a great job so that he pays himself a bonus! seriously!
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Azzler
Top 20
What does that even mean Jazz?
Spikerama
Regular
For the ATM to be utilised they mean.
Sorry, we must be trading in order to access the ATM facility.
Misfits
Regular
That is suicide for fuck sake. No trade without ML! You want 10c, that's what you will get. Wake up!
you can rock up as long as you are a shareholder and have ID. I went through all this last year. Give Automic a call to confirm
we were trading without a ML and got up to 1.34 FFS
Thankyou for the reply I will attend with my son.
That was before everything was known.
For those with BT SMSF- I submitted the required form today, was told it could be a few weeks to process. I explained the urgency, and then received notification the HIN number had been issued a few hours later. I believe that’s all that’s needed to be able to get things moving with automic.
Dont get me fucking started. Jonhnston sold $750k of shares in Jan 2022 after his DRC trial in Sept 21. He fucking knew what was going and hung us all out to dry. They all knew what was going on and fucked us all.
Disclaimer 2nd bottle of red. But I am pissed off at the way shareholders have been treated.
Dont fucking tell that Johnston needed the money because it was his fucking superfund which means he doesn't have access to that cash
Another disclaimer, I have voted against those other wankers
Samus
Top 20
I think a pay cut might be seen as a sign of weakness but personally agree given the overall situation that bonuses are absurd.
I'd wager they thought they had something in the bag and then got shafted once again.
But of course the bonuses still stuck because why not hey?
I'll consider voting for their remuneration and their grubby tactic of packaging the bonus along with it but they can shove the bonus up their arse either way imo.
I go back to thinking how (by their own admission) they dropped the ball during covid and the rot set in. We've been paying the price ever since as they try to dig us back out. Nobody’s perfect but awarding themselves bonuses is insulting. At least until we're out of this mess and then they can go along carrying on like normal corporate crooks do.
If there was a viable alternative other than treacherous Chinese backed morons with sinister motives I'd be seriously considering it. But alas there isn't and we need to back the BOD to safeguard our own interests. But this BoD needs to prove up some results, they need to pick up their game or face a major shake up imo. Those praising them at this point in the game are drinking the coolaid in fantasy land. This isn't a pretty picture with everything taken into consideration and the BoD aren't the fucking Virgin Mary in the picture either imo.
I'd wager they thought they had something in the bag and then got shafted once again.
But of course the bonuses still stuck because why not hey?
I'll consider voting for their remuneration and their grubby tactic of packaging the bonus along with it but they can shove the bonus up their arse either way imo.
I go back to thinking how (by their own admission) they dropped the ball during covid and the rot set in. We've been paying the price ever since as they try to dig us back out. Nobody’s perfect but awarding themselves bonuses is insulting. At least until we're out of this mess and then they can go along carrying on like normal corporate crooks do.
If there was a viable alternative other than treacherous Chinese backed morons with sinister motives I'd be seriously considering it. But alas there isn't and we need to back the BOD to safeguard our own interests. But this BoD needs to prove up some results, they need to pick up their game or face a major shake up imo. Those praising them at this point in the game are drinking the coolaid in fantasy land. This isn't a pretty picture with everything taken into consideration and the BoD aren't the fucking Virgin Mary in the picture either imo.
Chilla
Regular
That means if the facility can’t be accessed before it expires the 60 million shares issued as collateral will be cancelled and reduce total number of shares on issue by that amount.
Great post
Chilla
Regular
Direct your juiced up anger and frustration at those who caused this situation…..Cominiere, MoP, Zijin, Cong and Eckhof FFS!
They did not pay them self a bonus, well maybe they did but not out of AVZ shareholders money.
What I have said, is it wrong or incorrect? I dont think it is, I like to talk in facts. The fact is, why do they think they are entitled to a bonus? Please enlighten me. They are employed or contracted to work in the fucking DRC so no extra payments there. And as I have said before, Nigel walks out on the South African conference when he finds out that the MoM has cancelled the decree, great fucking leadership!
With regard to Graeme’s super. I’m not certain, but I believe the sale was due to needing to rebalance his SMSF, this is a trustees obligation if the SMSF assets do not reflect the funds stated objectives, due to price movements etc. I also have the feeling that he maybe sold these shares to Nigel? Anyone else recall this? Very vague memory of all this.
Chilla
Regular
Yes correct Nigel purchased off market
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