AVZ Discussion 2022

[Scoota30]

I've just been through the Quarterly.

Interesting items below, plus the list of disputes and next steps updated in red.

Interesting item 1
From the Quarterly: "Locke has affirmed it remains committed to progressing the facility on terms consistent with the Term Sheet, subject to successful finalisation of diligence, final approvals, and negotiating and agreeing facility documents."

From the delisting announcement: "As previously announced, AVZ is in advanced discussions with Locke Capital I, LLC and its investment manager, Locke Capital Limited (Locke) to secure a general working capital and litigation funding facility of up to US$20,000,000.3 The Company is pleased to report Locke has now completed its due diligence and is working with AVZ to agree the terms of a formal agreement."

So 2 announcements on the same day. One says subject to DD, and the other says DD is complete.

Interesting Item 2
From the Quarterly: "In light of the above, there is a reasonable prospect that a party, including the Company, will be granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources. If Dathcom is granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources, further negotiations will then be undertaken with the shareholders of Dathcom in relation to the terms of the mining joint venture."

Looks like there may be discussions as part of negotiations regarding terms of the Dathcom JV as part of a negotiated settlement.

Dispute updates below:

View attachment 61965
View attachment 61966
View attachment 61967
View attachment 61969
View attachment 61968

Regarding your first item, the quarterly is for activities up until 31st of March, so they would have completed their due diligence in April sometime

 

[Pokok]

Well, pretty much the vast majority of the investment community in Australia think AVZ is dead in the water now. Board need to actually demonstrate that their strategy is viable and will prevail. Should be explained in a release to the media. Once we’re delisted, we won’t be restricted by the compliance of the ASX. So I hope AVZ speak openly to their shareholders and the investment community, because morale is at an all time low for those who do not frequent these forums.

Well I visit this forum daily and my morale is shot to shit and as you can see by my edited stock Disclosures I hold only AVZ had to sell the rest

 

[CHB]

Well I visit this forum daily and my morale is shot to shit and as you can see by my edited stock Disclosures I hold only AVZ had to sell the rest

Fingers crossed for us all

 

[Cumquat Cap]

Morale in the dog shitter hopefully avz management are aware

 

[Bray]

This is my first delisting so - what happens with "announcements" now we're officially delisted. Do they still go in through HC, or is it only going to be there official website or what

 

[JAG]

This is my first delisting so - what happens with "announcements" now we're officially delisted. Do they still go in through HC, or is it only going to be there official website or what

 

[Bray]

View attachment 61997

Cheers bull

 

[cruiser51]

From Tit

Hear your voice in a different language

Download EzDubs Messenger now

ezdubs.ai

 

[cruiser51]

From Tit

Hear your voice in a different language

Download EzDubs Messenger now

ezdubs.ai

I hope she is not full of shit and/or part of the shonky brothers.

 

[SilentOne]

Well, pretty much the vast majority of the investment community in Australia think AVZ is dead in the water now. Board need to actually demonstrate that their strategy is viable and will prevail. Should be explained in a release to the media. Once we’re delisted, we won’t be restricted by the compliance of the ASX. So I hope AVZ speak openly to their shareholders and the investment community, because morale is at an all time low for those who do not frequent these forums.

Mr Clean,

Interesting how you speak for everyone else - r u god ?

You dont speak for me.

Does that make me the second coming.


SilentOne - Oh dont forget to do your own research

 

[cruiser51]

Mr Clean,

Interesting how you speak for everyone else - r u god ?

You dont speak for me.

Does that make me the second coming.


SilentOne - Oh dont forget to do your own research

He is very special, DYOR

Wanker alert!!!!

 

[JasonM]

I've just been through the Quarterly.

Interesting items below, plus the list of disputes and next steps updated in red.

Interesting item 1
From the Quarterly: "Locke has affirmed it remains committed to progressing the facility on terms consistent with the Term Sheet, subject to successful finalisation of diligence, final approvals, and negotiating and agreeing facility documents."

From the delisting announcement: "As previously announced, AVZ is in advanced discussions with Locke Capital I, LLC and its investment manager, Locke Capital Limited (Locke) to secure a general working capital and litigation funding facility of up to US$20,000,000.3 The Company is pleased to report Locke has now completed its due diligence and is working with AVZ to agree the terms of a formal agreement."

So 2 announcements on the same day. One says subject to DD, and the other says DD is complete.

Interesting Item 2
From the Quarterly: "In light of the above, there is a reasonable prospect that a party, including the Company, will be granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources. If Dathcom is granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources, further negotiations will then be undertaken with the shareholders of Dathcom in relation to the terms of the mining joint venture."

Looks like there may be discussions as part of negotiations regarding terms of the Dathcom JV as part of a negotiated settlement.

Dispute updates below:

View attachment 61965
View attachment 61966
View attachment 61967
View attachment 61969
View attachment 61968

I liked that they put a timeline of end of may for finalisation of locke funding. while getting delisted is definitely sobering, I'm hopeful the next 2 months will show some promise. mentally though I'm trying to write my investment off which is hard as it is significant for me.

 

[Mr Clean]

Mr Clean,

Interesting how you speak for everyone else - r u god ?

You dont speak for me.

Does that make me the second coming.


SilentOne - Oh dont forget to do your own research

I understand you might be hurting mate.

The delisting is a tough pill for everyone to swallow despite how strong your belief in the company may be.

But I never said I speak for you or anyone else. Nor did I suggest or imply that I’m God (never thought I would have to make a statement like that)

So with all due respect. Target your frustrations elsewhere.

 

[Hudnut]

Yep. 31st May is a big date. Confirmation of further funding.
I can't remember a mention of any other funding source apart from Locke.

If we get Locked and loaded, then I'm reasonably comfortable we'll prevail. Eventually.

 

[Mr Clean]

Well I visit this forum daily and my morale is shot to shit and as you can see by my edited stock Disclosures I hold only AVZ had to sell the rest

I’m sorry to hear that mate. Hopefully we get a decent outcome eventually here.

My morale regarding my investment here is also taken a strong hit. I don’t think anyone (even the most positive of shareholders) can paint our situation as anything but difficult and challenging.

 

[SilentOne]

I understand you might be hurting mate.

The delisting is a tough pill for everyone to swallow despite how strong your belief in the company may be.

But I never said I speak for you or anyone else. Nor did I suggest or imply that I’m God (never thought I would have to make a statement like that)

So with all due respect. Target your frustrations elsewhere.

Mate,

I am far from hurting - I am very happy with the leadship of the Board.

I will simply watch for the outcomes of the rulings from both the ICSID and the ICC.

Regards,

SilentOne

 

[Mr Clean]

Mate,

I am far from hurting - I am very happy with the leadship of the Board.

I will simply watch for the outcomes of the rulings from both the ICSID and the ICC.

Regards,

SilentOne

Good to hear your thoughts and know where you stand on everything.

Might have been more useful to say that first rather than state I had some form of superiority complex.
Especially when plenty of shareholders would hold similar views to mine (wouldn’t consider myself an outlier by any means).

 

[CHB]

Mr Clean,

Interesting how you speak for everyone else - r u god ?

You dont speak for me.

Does that make me the second coming.


SilentOne - Oh dont forget to do your own research

To be fair he said the vast majority of the investment community in Australia, not AVZ shareholders. I haven't seen many who haven't invested in AVZ think that AVZ will have a successful outcome.

 

[cruiser51]

To be fair he said the vast majority of the investment community in Australia, not AVZ shareholders. I haven't seen many who haven't invested in AVZ think that AVZ will have a successful outcome.

Going through history is at times helpful, try it.
What appears on the surface is normally removed with a skimming box
You know what floats to the surface, don't you?

 

[Samus]

Yep. 31st May is a big date. Confirmation of further funding.
I can't remember a mention of any other funding source apart from Locke.

If we get Locked and loaded, then I'm reasonably comfortable we'll prevail. Eventually.

Wasn't it mentioned in an announcement about Cong's 20 million that's sitting in escrow somewhere?
I didn't like the sound of dipping in to it but I'm pretty sure it was mentioned.

If Cath were really on our side I'm sure they'd waive their 20mil break free cash for the cause. But we saw the true colours of that filthy weasel 'Mr Pee Pee's'.