AVZ Discussion 2022

CHB

Regular
Wait What ???? Do we know shit now ???

Yeah but No we kinda don’t Really know shit still unfortunately.

GLTAH
We definitely know more shit

We know the extent of the corruption :) We just don't know anything about what AVZ is doing lol
 
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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 🤔
AVZ have already addressed the violation of the ICC emergency order and impact on its rights regarding the tenement being changed into Cominiere's name on the CAMI portal. Rightly described as a breach of the order. What happens past that is not a direct breach of our rights and therefore not a responsibility of AVZ management to disclose. If the north had been transferred from Dathcom they would have needed to announce it but a transfer from Cominiere is not as our claim at the ICC is against them not Manono Lithium imo

Either that or management are waiting for official confirmation before making the announcement. A split of the tenement would still be considered a breach of the ICC order whether it needs disclosing to the market or not.

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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
 
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Samus

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 🤔
They need to squeeze out official responses on these types of issues from the appropriate government departments imo, including the tenement split.

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.
 
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They need 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.
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
 
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geo_au

Regular
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? :unsure:
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.
 
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geo_au

Regular
IGF report and AVZ preemption right breach claim are now based on a purported transaction that never happened. Zero chance Felix isn't in on giving the north to Zijin imo
"Zero chance Felix isn't in on giving the north to Zijin imo" All speculation at this stage wait for the response from AVZ.
 
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John25

Regular
37F82175-049E-458A-8CCE-DD02C951EE4A.jpeg
 
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"Zero chance Felix isn't in on giving the north to Zijin imo" All speculation at this stage wait for the response from AVZ.
Meow meow
cat-lion.gif
 
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obe wan

Regular
regard to resolution one ; I have to agree with @Deboss , on a vote yes on this front .

I think we need to go to pierce through the armour, as one this time around and fully back the company ; hopefully when eventually gets put to bed and we come out the other end ; then we are in a much less threatened position to assess how we move forward and get to vote how we would if not snakes were in the room .

The board needs the full backing of all shareholders ; even some of the Chinese ones within the T20 probably need to revisit their thoughts if they were considering siding with others.

Personally I think MMGA have shat in their own kitchen and made a huge mess of things on their side ; they have been trying to intertwine with various detractors , but in the end , the likes of Zijin / COMINIÈRE etc don’t give a shit about AVZ or ANY of its shareholders as a whole.

So some of the T20 Chinese might find themselves holding nothing but their dicks ; if MMGA actually managed to ousted board members and somehow gain a majority position , as the deals they have apparently had planned … well Zijin and co are already trying those avenues for themselves , so MMGA actually have nothing to offer the company .


Resolution 1

https://x.com/deboss7788/status/1718059455915655452?s=46&t=Hr53A9nX5XqFnm7CuNqh8Q
 
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Hudnut

Regular
"Zero chance Felix isn't in on giving the north to Zijin imo" All speculation at this stage wait for the response from AVZ.

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.
 
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You will receive all the answers by next monday.
Just on the power plant or on everything?

Any hint as to what our significant compromise is?
 
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TDITD

Top 20
IGF report and AVZ preemption right breach claim are now based on a purported transaction that never happened. Zero chance Felix isn't in on giving the north to Zijin imo
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
 
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TDITD

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
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🤔
 
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geo_au

Regular
Just on the power plant or on everything?

Any hint as to what our significant compromise is?

It could be tonight but all concerns will be addressed.
 
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Hemicuda

Regular
It could be tonight but all concerns will be addressed.
Fuck me your full of shit, please correct me when your right
 
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Winenut

Go AVZ!
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hedrox

Regular
Screenshot 2023-10-28 at 13.26.47.png

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...
 
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Begood

Emerged
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

1698460305801.png
 

SilentOne

Regular
They've been paying themselves a wage and bonuses FAR above executives who run businesses that actually produce profits.
We dont produce ANYTHING!
We operate in defecit.

Please go ahead and justify this?
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
 
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Hudnut

Regular
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.

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.

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.

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.
 
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