AVZ Discussion 2022

[pow4ade]

Regarding access to the ATM, from memory that facility was granted for Cap/ex spending rather Op/ex. And we need to be trading aa well. Maybe someone can confirm as can't find the ann.

 

[Xerof]

Spoke with someone late last night on this ; she reckoned that if it’s not under the vacancy rule ; then the endorsed taking precedence over non endorsed is actually out the window …. Agreed that the line up was pretty ballsy . So my bad , I fucked up on this one

Cheers Obe

Yes, they apparently took legal advice on how to treat all the nominees. It is clear in the Constitution of AVZ how to do it - straight ballot to reduce to the number of vacancies, but they chose to go this way, and I guess to avoid any possibility of being accused of any bias, they put themselves at the back of the queue. Ballsy indeed, but also should prompt voters to actually fucking vote, as any low turnout will see a clusterfuck (with apologies to our brave nominees - no offence meant to you guys)

 

[Chilla]

Would you give AVZ more money?

A slice of AVZ is rapidly becoming the promise of a future of years of chasing the DRC government for compensation. I wouldn't give Nigel another fucking cent. Anyone that is willing to give us $25m is going to want a decent slice of the pie for that risk.

As I said…..I think you are over dramatising it. We will get clarity soon enough on whether or not there is an MoU pathway forward. That will set the scene for future funding requirements. We have sufficient funds as going concern. It was right of AVZ to highlight strategy of investigating funding options covering different scenarios.

 

[Spikerama]

Spike!

Thhis is awesome!
You could make a careeer out of this but looks like from your twitter handle you already have!

Only thing that i thought may be good is to keep the translated text on the screen a little longer after each translation (for those of us a little slower to read?)

Yeah thanks mate. There is some issues with timing I agree. I will try refine it but obviously you don't want to have too much text on screen at once and his speech pattern is all over the place. Sometimes fast with no gaps and sometimes super slow. So it's a balance of making way for the next sentence without losing pace sometimes.

There's some other thing s I want to fix. The line "what we put in the draft transfer contract" didn't render correctly.

Plus there is no consistency with quotation marks.

I got to late last night and just wanted to get it out first. But I will re-look at it shortly.

 

[Dom1974]

https://x.com/DEBOSS7788/status/1719484888175243748?s=20

 

[Winenut]

We can’t touch the Dathomir money as we adamant we paid in full so money not ours.
If CATH are in any way shape or form in cahoots with other Chinese entities they will demand the $20mil break fee.
So no, we don’t have access to 20-40m at all imo

Spot on

Jens got this so completely wrong it's almost unbelievable

 

[obe wan]

Cheers Obe

Yes, they apparently took legal advice on how to treat all the nominees. It is clear in the Constitution of AVZ how to do it - straight ballot to reduce to the number of vacancies, but they chose to go this way, and I guess to avoid any possibility of being accused of any bias, they put themselves at the back of the queue. Ballsy indeed, but also should prompt voters to actually fucking vote, as any low turnout will see a clusterfuck (with apologies to our brave nominees - no offence meant to you guys)

Well hopefully we’ll only have to go through one of this kind in our lives ; anyway looks like some others have mulled over it too -

#votesmart

 

[Azzler]

I'm truly baffled as to Deboss's reasoning to vote in the Hadleys.
Honestly sounds like he's just making stuff up.
Are they his friends?

 

[BRICK]

Yeah thanks mate. There is some issues with timing I agree. I will try refine it but obviously you don't want to have too much text on screen at once and his speech pattern is all over the place. Sometimes fast with no gaps and sometimes super slow. So it's a balance of making way for the next sentence without losing pace sometimes.

There's some other thing s I want to fix. The line "what we put in the draft transfer contract" didn't render correctly.

Plus there is no consistency with quotation marks.

I got to late last night and just wanted to get it out first. But I will re-look at it shortly.

Seriously do you do this stuff for a living?? It’s high quality stuff!

 

[Winenut]

https://x.com/DEBOSS7788/status/1719484888175243748?s=20

If the MMGA goons (Massive Money Grubbing Arseholes) have enough votes to vote themselves up then by corollary they have enough votes to vote everyone else down

Why Deboss keeps muddying the waters rather than listen to management on how to vote is beyond me

The outcome we want is NO MMGA goons at all and our FIVE board endorsed nominees to get a seat at the table (2 re-elected + the 3 recently appointed and having to nominate)

It's simple and management have clearly advised how they want you to vote

 

[Carlos Danger]

We have sufficient funds as going concern

Believe what you want dude

 

[Misfits]

Not sure if this has been posted, but a cracker of a post!

Amovatio​

109 Posts.
926
Date:01/11/23Time:00:03:39Post #:70654434

Understand all the points you make Scarpa but lets take a quick look at some of the other influences we know are hovering over the DRC and China.

1. The tactic by Zijin to wait until AVZ is drained of all cash is not only naive strategy but intellectually flawed. The decision of the ICC is imminent (this month) and hopefully this will be published prior to our AGM. The ICC is critically aware of the importance of this resource not only to the people of the DRC but the world in general.
Once the ICC decision is announced, it will be interesting to see how the Zijin associate company and Zijin Principal respond. I expect their will be many large Chinese battery makers lining up to gain access to uptake agreements. The full wording of the ICC decision will be extremely interesting and an agreement with the DRC 's IGF findings will give the President a clear mandate to enforce the Mining code against Zijin and its subsidiaries or to cancel any Mining Licences they have in the DRC.
The President is waiting for the ICC ruling before he acts. It is the only reasonable action he can take at this time while the ICC is considering its decision. Why did the President of the DRC meet with the US and he invite high profile US Govt. officials to visit the DRC. Most SHs know how this is going to play out when the ICC ruling is awarded in favour of AVZ. You only have to read into the Announcement published by Zijin that it intends to defend its rights to the 15% they illegally acquired from Cominiere to understand they are forecasting the ICC decision will be against them. We need to stay positive until the announcement is made and believe what we have been informed that our Management team are advancing the MOU in readiness for this decision. I suspect when this happens the MOU will be fast tracked and the DRC President will be making announcements of his own in the lead up to the Elections in December. The fines imposed by the ICC on both Zijin and Cominiere will be significant. How will this be paid or more importantly what arrangements will be put in place to ensure their is no further action taken to appeal the decision of the ICC so the DRC and AVZ can push ahead to go Mining.
I suspect the AVZ Management team are hanging onto information about the increased value of Manono following the completion of the extended drilling program that was undertaken and the impact the Assay results will have on a revised DFS. IMO the value of our company will be closer to $10B and not $3B where it currently sits. The Chinese wouldn't be fighting this hard for a resource if it was only $3B.
AVZ management team pushed ahead to complete the Administration and workers huts while we have been in suspension. This was not done for no reason but to fast track the company in readiness to commence Mining operations when the ML or MOU is issued and the fight over ownership has been clearly resolved in the eyes of the DRC Govt.

2. You have articulated the world domination that the Chinese have over the entire EV Battery Supply chain. Don't you think the US are aware of the stranglehold Chinese companies have over resources and processing facilities and the dependence this puts over the world being compelled to deal with the Chinese . Do you think the West is going to concede and allow this domination to continue? The World lithium market outside of China is in recession thanks to the Chinese controlling prices and supply and demand. Many countries around the world are starting to develop their own processing and refining facilities. China's domination is going to go into freefall and the supply of raw lithium resources to them will dry up. The West and many European countries are going to refuse to deal with them. Take a look at what is happening in the Rare Earths sector and you will start to see how the West and Europe is going to isolate China and diminish their domination.
This will be high on the Agenda in the upcoming meetings between Aus PM and China and US President and China. If China wants to maintain their stranglehold on Rare Earths and Lithium processing then the West will cease to deal with them for other critical resources which has seen their economy grow and prosper over the last 20 years.

3. Having only 1.6 qtrs of funding available hasn't been uncommon to AVZ in the history since I have been involved as a shareholder. IMO the AVZ team are close to resolving our ownership entitlements. What matters is that we endorse them to lead the project as they have recommended.
MMGA MUST BE DEFEATED and clearly so to show the DRC Govt. that shareholders have voted in solidarity with the current Board. The corrupt will be dealt with in good time once the new GOVT. is elected.
AVZ is far off from being defeated. We have a lot worth fighting for. Only the weak will give up and allow the Chinese to run rampant over this investment. I look forward to enjoying a VB with you somewhere when all this is behind us. Cheers

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AVZ (ASX)
Price at posting: 78.0¢
Sentiment: Hold
Disclosure: Held

 

[Spikerama]

Seriously do you do this stuff for a living?? It’s high quality stuff!

Haha. My paygrade is a bit higher than this stuff. But yes, I have amassed a set of skill over the decades.

 

[Chilla]

Believe what you want dude
View attachment 48470

So you ignored yesterday’s quarterly stating cash for 12 months. As I said…we will know soon enough which pathway forward. It will be MoU for ML and development or legals and ICSID. Either way, the company will obtain funding for whichever pathway. No need to pop a blood vessel ….. the way forward is yet to be decided.

 

[Doc]

If the MMGA goons (Massive Money Grubbing Arseholes) have enough votes to vote themselves up then by corollary they have enough votes to vote everyone else down

Why Deboss keeps muddying the waters rather than listen to management on how to vote is beyond me

The outcome we want is NO MMGA goons at all and our FIVE board endorsed nominees to get a seat at the table (2 re-elected + the 3 recently appointed and having to nominate)

It's simple and management have clearly advised how they want you to vote

If the Hadleys get in it puts at risk the company endorsed nominees doesn’t it?

 

[CHB]

Haha. My paygrade is a bit higher than this stuff. But yes, I have amassed a set of skill over the decades.

 

[Winenut]

If the Hadleys get in it puts at risk the company endorsed nominees doesn’t it?

Unfortunately that is the way it seems given the current update from Management on the way the voting will now work

I'm sure the Hadleys are good candidates with plenty of skin in the game and would support the board fully

Shareholders are certainly entitled to vote as they see fit

 

[Hemicuda]

From sg on crapper

Previously on Avz

Avzi acquired 15 percent stake in the manono project from Dathomir ( purchase of dathcom shares) via two validly executed and completed sale and purchase agreements “Dathomir spas “

Since august 2021 Avz has always implied it’s subsidiary avzi had duly COMPLETED, including PAYMENT and within the time period both Dathomir spas

All Avz presentations then went on to say its subsidiary avzi held 75 percent interest in dathcom until it announced a mining lic decree where it mentioned a tribunal ruling - carefully talking and saying Avz Ltd wasn’t involved and talking about legal title

of course avzi was involved and Avz decided to imply that Avz Ltd wasn’t involved - despite Avz Ltd claiming ownership and announcing it owned 75 percent of dathcom via its wholly owned subsidiary avzi in its announcements for well over one year

only resent Avz Ltd admitted fat tail accusations that there was a tribunal ruling and high court ruling in drc which did not go in its favour, fines and court charges against a director of the company who actually is standing for rejection at next agm- Avz again dismiss these tribunal and court rulings in the basis that Avz Ltd wasn’t involved and stating that the two duly executed sale and purchase agreements required any dispute be taken to the icc for arbitration and that these rulings against avzi never really disclosed in proper detail or correctly to the market prior to suspension are invalid and Avz is off the the icc to sort it out and affirm its ownership of the 15 percent interest in dathcom purchases from Dathomir via duly executed and completed sale and purchase agreements including payment

In todays Halloween episode- like it doesn’t mean anything- Avz announces in it’s quarterly activities report and cashflow report - under corporate

that it’s lawyer in the drc- still holds 20 m usd dollar for the benefit of Dathomir for completion of the dathomir spas

so Avz has gone from we competed including payment to our lawyer is still holding 20 m cash for the benefit of Dathomir for completion


Avz should have disclosed this back in august 2021- it hasn’t completed - the consideration is still sitting in our lawyers bank account and we are in dispute

uuuuck and these guys want a tick on the remuneration report and re election

and others over the internet never right since it went into suspension are excited as to the current cash position and appointment of advisor to raise capital adding in the 20 m held in a trust account for a transaction that never actually settled

for Avz to Just casually drop this detail in corporate for the very first time since it claimed in august 2021 to have completed on time and including payment the Dathomir spas for 20 m usd is surely warranted if shareholder and regulatory questions about true and proper disclosure

Who would have purchased knowing back in august 2021 that the deals to purchase 15 percent additional shares in dathcom from Dathomir didn’t actually compete- the consideration for whatever reason was sitting in an escrow account and that Avz just seemed to sign over a share certificate which was ultimately rejected by a drc tribunal and court - I how do you sign over a share certificate if your lawyer still has the money and your disputing the agreements with the vendor


But

not disclosed because Avz said without merit and in the wrong court

seriously Avz directors and the asic and asx should be having a long meeting and fools on internet claiming 2o m held for the benefit of Dathomir as capital for short and medium term potential need to be ignored

why anyone would give a vote yes to remuneration report and reflect some of these directors who have withheld so much information is beyond me

competed including payment in august 2021 but the payment is still being held by its lawyer for the benefit of dahomir and completion of the agreements on the 31 st October 2023!

shsssssh

don’t miss next weeks episode - who knows what details wil

 

[Carlos Danger]

So you ignored yesterday’s quarterly stating cash for 12 months. As I said…we will know soon enough which pathway forward. It will be MoU for ML and development or legals and ICSID. Either way, the company will obtain funding for whichever pathway. No need to pop a blood vessel ….. the way forward is yet to be decided.

No I didn't

Like I said if we don't have the ML by the time the $11m runs out then it ain't coming. If we're still waiting for the MoU in a year we will be going the distance at the ICSID imo

And I don't think we will run out of cash. We will raise in suspension if need be however the dilution won't be as palatable as you suggest. And I've said before if we need to go the distance at the ICSID management most likely have a contingency strategy that will return us to trading come what may.

 

[Underwaterdark]

Wasn't the whole back story with the $15m for Dathomir, that we sent the funds, paid and finalised everything and then they (being Dathomir) sent them back? Which is why we still hold them...