AVZ Discussion 2022

[Jazz]

This is hard going. Can't believe a government can be so morally bankrupt at the expense of well meaning stakeholders and their own poor citizens.

Cant believe there are still countries entertaining the President and giving him the time of day. Why would they, he won't deliver anything.

And where is our government in all this? Got involved rightly or wrongly when it suited them and teflon when we need them. DFAT officials in Africa may as well come home, because they.cant exert.any influence on the part of 20,0000 Australian citizens.

Serious question. So when AVZ delist are the shares worth 0? Assume this is not a CGT event though.

You still own shares in a public company. The value of which will be difficult to determine, untill the manono asset is sold or otherwise resolved. I can’t see how it could be a CGT event as there has no measurable change in value or loss.

 

[Cumquat Cap]

Tommy,

Need I remind you that we still have the ICSID and ICC to play out - I am quietly confident.

Lets see how the shorters go - poor things it must be hurting.

Regards,

SilentOne

Respectfully, we do not need more then 3 board members (ones that travel to the DRC) and outsource secretary duties. Nigel Ben and Serge can get paid very handsomely as they’re in country where out only asset is. Rest can leave we’re not a litigation entity and lawyers doing most of the lifting currently.

I remain somewhat confident but it needs to be soon once new govt in place 9th May announced.

Time to execute Nigel, you’ve been paid very well for several years now.

 

[Cumquat Cap]

We’re now* a litigation entity.

We do not need a highly paid technical director anymore or two secretaries, it’s complete disrespect to long suffering long shareholders

 

[Jazz]

Time to execute Nigel, you’ve been paid very well for several years now.

I’m frustrated too, but that’s a bit harsh isn’t it? Sure hes been paid a bit, but maybe not enough for that type of severance deal. Give him another six months I reckon…..

 

[Cumquat Cap]

Haha what? Nigel’s been good actually and put up with a lot of shit especially when in country. Him and Ben definitely have my respect I’ve heard a few things.

Rest of them can probably move on they’ve got plenty of shares and will be rewarded if we are

 

[Cumquat Cap]

Except Jan who managed to sell all his shares before the halt…..

 

[Jazz]

Haha what? Nigel’s been good actually and put up with a lot of shit especially when in country. Him and Ben definitely have my respect I’ve heard a few things.

Rest of them can probably move on they’ve got plenty of shares and will be rewarded if we are

Fair enough, just thought it was a bit much to say it was time to execute Nigel.

 

[Samus]

WTF have these new board members been up to since we voted them in I wonder?
Or any of the BOD for that matter...

Do they still have to disclose to us in some way? Those rare scraps that we sometimes get like a pack of filthy downtrodden beggars.

 

[Cumquat Cap]

WTF have these new board members been up to since we voted them in I wonder?
Or any of the BOD for that matter...

Do they still have to disclose to us in some way? Those rare scraps that we sometimes get like a pack of filthy downtrodden beggars.

Here here

 

[Carlos Danger]

"operating as a listed entity gives rise to inherent complications for the Company as it seeks to advance its strategy for the resolution of the key disputes and the advancement of the development of the Manono Project."

"AVZ will continue to seek value realisation opportunities for shareholders, including through the resolution of the prevailing disputes and development of the Manono Project, admission to a recognised stock exchange and/or partial or complete disposal of one or more assets."

 

[Carlos Danger]

My perspective is and this is only my opinion is that they have made the correct decision to de-list

Agreed

 

[Scoota30]

View attachment 61916

 

[CHB]

I'm going to be out looking for a place to rent in a few months. Jeez the cash would have been nice.

 

[Miljew91]

How I read it is we have the funding to continue the fight to end up selling.

 

[Cumquat Cap]

I think the wording general working cap funding plus lit funding is interesting, bread crumbs as usual though they should fully inform shareholders

 

[TLH]

Have AVZ been delisted on the U.S and German exchanges also? not sure how this works....
Tough day we knew was coming....disappointing the Loche finance hasn't yet been finalised as this would have softened the blow.
Still plenty of positive comments out there so I will digest things tonight.
The biggest disappointment for me is the lack of national and international support plus the fact that the international court system is useless if there is no way of enforcing penalties.
Hold on AVZ investors as no doubt this fight has a long way to go!

 

[Carlos Danger]

Have AVZ been delisted on the U.S and German exchanges also? not sure how this works....
Tough day we knew was coming....disappointing the Loche finance hasn't yet been finalised as this would have softened the blow.
Still plenty of positive comments out there so I will digest things tonight.
The biggest disappointment for me is the lack of national and international support plus the fact that the international court system is useless if there is no way of enforcing penalties.
Hold on AVZ investors as no doubt this fight has a long way to go!

USA was over the counter (OTC) so not technically a listed entity there but from memory the brokers were buying through Frankfurt. Not sure about Frankfurt itself. Could be different listing rules or may mirror ASX as the primary exchange.

 

[Remark]

Good to see that some posters here have survived with their sense of humours intact. Death by a thousand cunts IMO

 

[Frank]

Tshisekedi-Macron face-to-face this Tuesday at the Elysée

The President of the Republic, Félix Tshisekedi, began a two-day official visit to France yesterday, Monday, April 29, with a view to strengthening relations between the two countries.

Several subjects will be discussed during his visit, notably the conflict situation in the east of the Democratic Republic of Congo and cooperation issues between the two nations.

Upon his arrival in the French capital in the morning, the Congolese Head of State was warmly welcomed by several political figures.

Military honors were paid to him in the courtyard of the Invalides, thus testifying to the respect and esteem accorded to the Democratic Republic of Congo.

The highlight of this visit will be the meeting between Félix Tshisekedi and Emmanuel Macron, scheduled for tomorrow at the Elysée.

The stakes of this face-to-face are both diplomatic and economic.

On the diplomatic front, resolving the crisis in the Great Lakes region will also be an item on the agenda, given France's role as a permanent member of the United Nations Security Council, which could propose resolutions relating to the situation in the east of the country.

Furthermore, President Tshisekedi will also have a meeting planned with French employers, the Movement of Companies of France (MEDEF).

This meeting will explore possibilities for strengthening economic and commercial partnerships between Congolese and French companies, thus promoting the growth and prosperity of both nations.

A DRC-France business forum will be organized in Bercy, headquarters of the French Ministry of the Economy, in the presence of President Tshisekedi.

This event aims to strengthen economic relations between the two countries.

Investment opportunities in the strategic minerals, energy and infrastructure sectors in the DRC will be presented on occasion to French investors.

Another important aspect of this visit is the question of development aid.

Budget agreements of around 500 million euros will be discussed, involving the French Development Agency.

This aid aims to support the economic development of the DRC.

mediacongo

 

[Frank]