AVZ Discussion 2022

[cruiser51]

My understanding of the oft-stated May deadline is the 2year cut-off for suspension on the ASX. After that it is either a relist and come what may or a delist entirely). Both are not favourable financial outcomes under the current published circumstances. However, as others (Beisha?) have been vocal about on this forum and elsewhere, it is a grey area that is not clear at this point in time. Certainly there are some detractors of AVZ (eg think a certain proponent of sewerage systems) on other forums who are keen to promote the 2year suspension before automatic delisting. RE the cash issue? I'm not as up-to-date with that situation.

Being delisted options were answered by Nigel, ie trading as a non listed company for a while, re-list, or list overseas.

 

[Winenut]

My understanding of the oft-stated May deadline is the 2year cut-off for suspension on the ASX. After that it is either a relist and come what may or a delist entirely). Both are not favourable financial outcomes under the current published circumstances. However, as others (Beisha?) have been vocal about on this forum and elsewhere, it is a grey area that is not clear at this point in time. Certainly there are some detractors of AVZ (eg think a certain proponent of sewerage systems) on other forums who are keen to promote the 2year suspension before automatic delisting. RE the cash issue? I'm not as up-to-date with that situation.

Yes delisted after two years in suspension however some extension possible under limited circumstances

 

[Carlos Danger]

I think AVZI is domiciled in OZ (same as AVZ) so therefore might also potentially attract the attention of FIRB preventing the sale???

Agreed though that if AVZ management and shareholders are all happy with the sale then the FIRB should go and get royally fucked

Have seen fuck all from Aussie Govt or Government Agencies over the journey to help AVZ in it's plight so I'm not super keen on them stepping in and potentially blocking a sale at the last minute especially if we finally get a chance to get our fucking coin back!!

I thought AVZI was registered in Singapore. Clearly not. Probs why we were trying to sell our holding in Dathcom to Green Lithium haha
View attachment 54064

Ok so I'm not completely crazy there was a company called AVZ International registered in Singapore in 2016 but it was struck off in 2018

https://www.sgpbusiness.com/company/Avz-International-Pte-Ltd

 

[SilentOne]

I would think that FIRB only refers to assets within Australia, or Australian Companies. I would guess that it would not have jurisdiction on an overseas Asset owned by an Australian company. Therefore, I would presume that it would be easier for AVZ to sell their interests in Dathcom than it would be to sell AVZ to a foreign company. (FIRB would then come into play).

This is what I am guessing and is definitely not advice and is more a thought bubble.

So we will need to see how things play out - personally I would rather wait for the ICSID / ICC to play out and get some rulings/clarifications. And yes the DRC will take note of any ICSID outcome due to it being linked to the World Bank and potential future funding.

Regards,

SilentOne

 

[Carlos Danger]

Could somebody explain to me why anybody would be interested in buying us out and taking over this shit fight if we don't have a mining licence,
and I don't see a mining licence any time soon , also why do people think we have got only till May , is this when AVZ is out of cash ??? if so ,,, well hard ball has been played for 18 months with no end in sight we need a decision quick , and forget any government to help us out as it would have already happened .

If Zijin are the buyer then the 'conflicts and disagreements between shareholders of Dathcom' that the MoM cited in her cancellation decree (despite it being a reason unknown to the mining code) will magically disappear imo

 

[wombat74]

I would think that FIRB only refers to assets within Australia, or Australian Companies. I would guess that it would not have jurisdiction on an overseas Asset owned by an Australian company. Therefore, I would presume that it would be easier for AVZ to sell their interests in Dathcom than it would be to sell AVZ to a foreign company. (FIRB would then come into play).

This is what I am guessing and is definitely not advice and is more a thought bubble.

So we will need to see how things play out - personally I would rather wait for the ICSID / ICC to play out and get some rulings/clarifications. And yes the DRC will take note of any ICSID outcome due to it being linked to the World Bank and potential future funding.

Regards,

SilentOne

" And yes the DRC will take note of any ICSID outcome ."

We are about to find out , but you don't know that for sure .

 

[Pokok]

If Zijin are the buyer then the 'conflicts and disagreements between shareholders of Dathcom' that the MoM cited in her cancellation decree (despite it being a reason unknown to the mining code) will magically disappear imo

Hi Carlos , So you are saying like I am thinking , the only company that would buy us out without a mining licence is Zijin , to me that will be some tough negotiation , does the management need to put out an announcement at any stage of a negotiation with whoever ??

 

[Dazmac66]

I was thinking we would have some news re ICSID today. Should have known it would take twice as long as expected. My god - will it ever end..

 

[Cumquat Cap]

Zijin, CATH and another conglomerate might get involved to take us out, I agree would be a shitshow negotiation. Imagine dealing with Chen CHen the evil lawyer for Zijin

 

[SilentOne]

Zijin, CATH and another conglomerate might get involved to take us out, I agree would be a shitshow negotiation. Imagine dealing with Chen CHen the evil lawyer for Zijin

If they are negotiating to take over Dathcom even though the license may not be issued - those negotiations need to assume that the License is guaranteed to be issued. Therefore, all negotiation in principle need to assume that the license is issued even though it hasnt.

This is what my position would be.

Regards,


SilentOne.

 

[Xerof]

If they are negotiating to take over Dathcom even though the license may not be issued - those negotiations need to assume that the License is guaranteed to be issued. Therefore, all negotiation in principle need to assume that the license is issued even though it hasnt.

This is what my position would be.

Regards,


SilentOne.

Yes, absolutely, a ML or maybe even 2, will be issued.

 

[Samus]

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[Winenut]

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I disagree....

 

[cruiser51]

I disagree....

He just made a bloody point!!

 

[Dazmac66]

Ok let's lighten it up! Used to be a crack up on a Friday night. Anyone else tapped into their super and not told their the misses? I'm fucked!
PS see my other stocks RNU- Double penetration!!

 

[wombat74]

Ok let's lighten it up! Used to be a crack up on a Friday night. Anyone else tapped into their super and not told their the misses? I'm fucked!
PS see my other stocks RNU- Double penetration!!

No Lube ?

 

[James711]

Interesting analysis on the avz director holdings

AVZ Directors' Share Buying Movements: A Comprehensive Analysis

 

[Hudnut]

No Lube ?

What's the ASX code for that? LBE?
Guaranteed I'd lose my shirt on that as well.

 

[cruiser51]

No Lube ?

Talking about Lube??

White lithium grease has many advantages compared with regular greases, such as:
White lithium grease provides long-term lubrication;
The high viscosity formulation of white lithium-based grease means that it will not drip or flow;
White lithium base grease works well under pressure and is very suitable for load- ...

The DRC could be the solution to future painful situations, especially where pressure is involved!!

 

[j.l]