AVZ Discussion 2022
- Thread starter GazDix
- Start date
Yeah we due some form of announcement.
We have a court case in Perth regarding what?
Court case in DRC regarding what?
We are still waiting for the results from ICC/ICSID ( I can’t remember which now ) that were due in December, what happened to that?
I backed the BoD as I think they are the only way out of this mess but at times I think they taking the piss a little by being in suspension as they can forgo the continuous disclosure rules of ASX imo.
Even if it’s just a brief ann. saying court case for this, court case for that and there’s a delay in judgement because of whatever.
Oh and of course the obligatory we are in high level talks with DRC officials.
RHyNO
Regular
I’d just like to know. Are they incompetent or liars? It’s one or the other. They either lied when they said high level talks and imminent. Or they are so fucking stupid they actually thought the DRC government was giving them a positive response when in fact they were being lied to. I’d just like Nigel to explain how we are here? Because it’s 100% his responsibility and if he’s sitting around on half a million (give or take) plus flights and expenses thinking he’s a victim of circumstance. What the fuck happened with the new board appointments? What the fuck are they doing with their pay checks?
Hemicuda
Regular
100%
Hemicuda
Regular
All valid questions that were cleverly avoided at the agm
Cumquat Cap
Regular
unintended consequence of MMGA campaign meant management could feed us poor folk even less information then the minimal we were receiving already.
I’m sure there will be announcements galore when ICSID/ICC decisions come down. My fear is why are these decisions late, what’s causing the delays? In reality there is not much to report until the rulings are handed down, the Board are waiting for them just like us.
My other fear is, who enforces the rulings should they be in our favour because China have a history of ignoring rulings and doing what they want.
This nightmare is a long way from finishing. A sale is best option and preferably not to Chinese, maybe Saudi??
I just want my money back ( no surprise there, we all do) even take a loss to end this shit show.
Would love to say a lot more but don’t want to give ammo to those that are against us.
My other fear is, who enforces the rulings should they be in our favour because China have a history of ignoring rulings and doing what they want.
This nightmare is a long way from finishing. A sale is best option and preferably not to Chinese, maybe Saudi??
I just want my money back ( no surprise there, we all do) even take a loss to end this shit show.
Would love to say a lot more but don’t want to give ammo to those that are against us.
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The ASX Announcements do not operate like a chat forum. We all know what sovereign risk is (and if you dont then thats on you). We also know that things are very fluid at the moment and the Board cannot make announcements unless they are cemented in fact and signed sealed and delivered. Nigel has as I understand it 50,000,000 + shares at risk and so he definitely has skin in the game and would want to maximize value.
We need to wait for the announcements as there is no point in speculating.
The DRC have been known to say one thing and do something else - its a challenge and I wouldnt want to be dealing with the associated stress and dangers that are the DRC.
Oh and by the way, I certainly would have liked to retire now but clearly cant because of our current predicament. The only option we have is to fully support the Board and you all can have your say at the next AGM.
Feel free to nominate yourself for a Board position if you think you have the solutions and answers. You couldnt pay me enough to be dealing with the stress and challenges of the DRC.
Anyway, I am simply waiting for the announcements and I fully support the Board under these exceptionally difficult circumstances.
Regards,
SilentOne - DYOR
We need to wait for the announcements as there is no point in speculating.
The DRC have been known to say one thing and do something else - its a challenge and I wouldnt want to be dealing with the associated stress and dangers that are the DRC.
Oh and by the way, I certainly would have liked to retire now but clearly cant because of our current predicament. The only option we have is to fully support the Board and you all can have your say at the next AGM.
Feel free to nominate yourself for a Board position if you think you have the solutions and answers. You couldnt pay me enough to be dealing with the stress and challenges of the DRC.
Anyway, I am simply waiting for the announcements and I fully support the Board under these exceptionally difficult circumstances.
Regards,
SilentOne - DYOR
We all know what sovereign risk is (and if you dont then thats on you).
Too true, we all knew the sovereign risk with DRC, i for one certainly knew that the Chinese would be shifty but never thought the DRC government / Cominiere would be complicit (aka FT 2019 mandate to quell corruption.).......I can tell ya, i wouldnt have invested in AVZ if Kabila was still president, i would of just traded.
Right up to the ML decree being awarded, all of us thought everything was on the level, but clearly behind the scenes, there were rats plotting our down fall and unfortunately AVZ Bod were aware of a few red flags ( cong / cominiere )but said nothing due to " spurious in nature , without legal effect "
As much as I support our bod, they have dropped the ball and didnt read the signs and hoped it would disappear in the abyss and now have alot of work to do get a favourable result for the biggest losers in this fucked up situation.......the suffering long term shareholders who have outlaid all the dollars and wore the risk
AVZ bod will need a resolution to be found before the next AGM or.......
just sayin
Hi Beisha,
I certainly acknowledge the points that you make. But the claims against Dathcom/AVZ were on the face of it appeared to me as being outrageous. At the time I would guess that the Board would have felt that there were no legs on said claims; especially taking into consideration the DRC Laws and the JVA. If I was on the Board I would not have taken them seriously and see them as frivolous and not worth mentioning.
Now it would appear that the DRC are not following their own laws and make shit up as they go. If every rumor and every claim were reported on especially when it would appear that there was no merit to them then the ASX would look like a chat forum.
Forsight is a great thing.
Lets simply focus on the facts that;
1) We are still in the game
2) Waiting on the ICC outcomes/rulings
3) Waiting on the ICSID outcomes/rulings
Taking everything into account my support is fully behind the Board.
Regards,
SilentOne - DYOR
Azzler
Top 20
I agree with you mate.
I mean did anyone expect the BoD to make an announcement stating that we might lose our project because the DRC may not follow their laws and china pay bribes?
If anyone truly believes the BoD acted pooly and did not disclose information to shareholders, tell us....
What announce would you have like to have seen that they didnt make?
Carlos Danger
Top 20
It's been 50 days since the ICSID interim orders decision and CAMI still shows Cominiere holding 13359. Without us making significant compromises this won't be resolved with an ML any time soon.
Most likely we will need to go the distance at the ICSID and hope China pays the damages or we can seize enough assets to get our money. At this point anything sooner than a few more years of waiting where we don't get completely rat fucked will be a miracle imo
You make fair points and i have covered this point to death and wont be doing it again but....
" from any source and of any character "
Its pretty conclusive, AVZ should of informed the market of potential problems in the wind so that a informed decision could of been made by investors based on that information going forward....spurious or not.
Look, it is what it is, I back the BOD to get us out of this fucked up mess big time, the true evil of course is Cominiere / Dathomir / Zijin / FT, but in saying that, if no progress is made regards to binding MOU come next AGM......well lets just say, AVZ BOD will have alot of heat applied to them and question time will be demanded !!
Long term holders life savings on the line, AVZ BOD need to formulate a plan to get Manono into construction / production, will have to compromise, ML for RD and JV CDL will ensure our investment wont get stranded or decimated by any means.
RD alone......... 840m/t from suface, open in all direction, 1.6% grade will still make us all very rich long term, regardless of CDL .
Thats the way i look at it.
dont necessarily agree with you there. Have the final government and ministers been appointed? I dont think they have. If theres no one in charge, no decisions can be made I would have thought. hence there is no one there to say change the cami portal. Well at least thats what I hope, we know things dont happen quickly in the drc, so tend to think/hope things are still ticking over but of course thats what I've been thinking for the last 2 years. give us a fucking update nige!!!
Hemicuda
Regular
"and you all can have your say at the next AGM." priceless
Bray,
Thats what Sovereign Risk is - just look at the DRC History. Its of no surprise - I am an optimist and will simply wait for the outcomes of both the ICC and ICSID.
Regards,
SilentOne
What announce would you have like to have seen that they didnt make?
a) Dathomir share transfer
b) Cominiere / Zijin ROFR
RHyNO
Regular
They were avoided because of the MMGA hustle.All valid questions that were cleverly avoided at the agm
Carlos Danger
Top 20
Pretty sure Simba could end this shit show with an executive order any time he wanted
But I hope you're right and we get a new MoM that comes in kicking Zijin ass and taking Cominiere names to give AVZ complete control of the most important resource for their battery hub plans despite no judgement being made by the ICSID on the merits of the case until late next year at the earliest.
Let's see what happens. I'll buy you a bottle of champagne if we have an ML before 2026 without giving up at least the north.
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