AVZ Discussion 2022

[Cumquat Cap]

Is Tendoji from HC Der Giest (SE) also??? That would mean his "HKTD" is Peter Huljich and or Leonard Math?!

Yep

 

[Dijon101]

dont think so. with a custodian broker the individual shareholder doesnt get a hin, the broker fronts the transaction and uses their hin. automic would track shares against a hin. As an example, one of the risks that is always stated against a custodian broker is if the broker goes belly up, then your shares are lost as they are held in the brokers name at the exchange. I have multiple broker accounts, with some shares in the custodian account (IB) and others in my own hin with comsec and marketech.

of course, just my understanding and hence why I'm trying to clarify how a delisting works with a custodian account.

Let us know as I'm with SAXO and in a similar position.

 

[PutUsernameHere]

I've got the same query. I've emailed interactive brokers a few days ago and have heard sweet f all. if you do get a response please post it and I will likewise. cheers

@JNRB I've got the same problem, a good portion of mine are held via my Netwealth Super account. I got the below in response. I corrected them that it's been in suspension for a while and not delisted yet, but tom-ae-to, tom-ah-to right? Basically sounds like ownership remains until something happens with the company or I eventually close down my account (not for decades).


"Hi Lochlan,

It looks like this asset has been delisted for a while, so you won't be able to sell down the asset within the Netwealth account, the asset will still reflect in the account given you hold units with the asset.

If there is an offer to eventually sell the units, a notification will be sent to yourself (our corporate actions team will issue the communication), otherwise the asset would remain on the account and when we receive an account closure request, we'll issue the suspended asset notification.

Based on the options provided on the notification, you may have the option for Netwealth to acquire the asset when a closure request is received."

 

[Mr_Tones83]

@JNRB I've got the same problem, a good portion of mine are held via my Netwealth Super account. I got the below in response. I corrected them that it's been in suspension for a while and not delisted yet, but tom-ae-to, tom-ah-to right? Basically sounds like ownership remains until something happens with the company or I eventually close down my account (not for decades).


"Hi Lochlan,

It looks like this asset has been delisted for a while, so you won't be able to sell down the asset within the Netwealth account, the asset will still reflect in the account given you hold units with the asset.

If there is an offer to eventually sell the units, a notification will be sent to yourself (our corporate actions team will issue the communication), otherwise the asset would remain on the account and when we receive an account closure request, we'll issue the suspended asset notification.

Based on the options provided on the notification, you may have the option for Netwealth to acquire the asset when a closure request is received."

Once the company delists, shares should convert from CHESS sponsored to Issuer Sponsored.
That means that where they are most likely held on HIN or in custody with a broker currently, going forward it will be Automic that manages the share register as issuer sponsored only. Shares will be held on an SRN, which is kind of like a HIN, but is an individual SRN for each holding.
I would say that Automic will be the place to get info on how the change over happens.
I don't think the person you heard from at Netwealth had much of an idea.

 

[Charbella]

Interesting development this morning.
LLL sold out to Ganfeng.
I hope the gringos are not all talk and no action.

 

[Azzler]

Once the company delists, shares should convert from CHESS sponsored to Issuer Sponsored.
That means that where they are most likely held on HIN or in custody with a broker currently, going forward it will be Automic that manages the share register as issuer sponsored only. Shares will be held on an SRN, which is kind of like a HIN, but is an individual SRN for each holding.
I would say that Automic will be the place to get info on how the change over happens.
I don't think the person you heard from at Netwealth had much of an idea.

That's how I thought it would be too. Cheers.

 

[Cumquat Cap]

LLL shareholders got properly shafted by the Mail Junta who worked with Gangfeng to screw the company. China risk is nearly as destructive as Africa risk these days.

Thankfully we’ve got a very messy and intertwined court case going on with ICSID who I think have the reach to dissuade the DRC government from the same actions.

Comparing Gangfeng pp of LLL puts out buyout at around ~55cents which would most likely be rejected by avz shareholders. Messy times over there and Africa are absolutely fucking up a change to develop their country without being constantly shafted by China alone.

 

[Spikerama]

Would love a TO in the next six months personally, dreams are free anyway, feeling the pinch a bit and loads of plans on hold due to finances, looking to have our first kid,, career change, home improvements, all a bit harder or stressful for now.
As things are now What are the chances of a TO before all rulings are made? If someone buys us out they'll likely still have to deal with Zijin?
In my head seems like we'll have to sell to those cunts or have full clarity on everything before anyone would make an offer.

Shit is mentally draining, hang in there all

And remember

That's funny Locky82 but humans are not monkeys. We are apes.

 

[BEISHA]

Just so you all know. Ty Ludbrook is the future son in law of the good old media man the “fixer”. That is who pays the bills, for the kids anyway. Ask Russell Crowe for a character reference

 

[LOCKY82]

That's funny Locky82 but humans are not monkeys. We are apes.

Hard to tell the difference sometimes mate

 

[Dazmac66]

Worth reading the MOU agreed upon between Mali, Genfeng and LLL. Apoliogies if breaking rules - will remove if so. They were $1.25 last July and have just settled for 43c. Sounds like the brown bags were flying thick and fast in Mali!

https://www.aspecthuntley.com.au/docserver/02804665.pdf?fileid=02804665&datedir=20240508&edt=MjAyNC0wNS0wOCsxMjowNzozMis0ODArODYxOTM0K2FuZHJld3dlc3QrcmVkaXJlY3QraHR0cHM6Ly93d3cuYXNwZWN0aHVudGxleS5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZ0aW1lb3V0Lmh0bWwraHR0cHM6Ly93d3cuYXNwZWN0aHVudGxleS5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==

 

[Cumquat Cap]

Chyna using African countries as proxy
To fuck over Australian companies and in turn kill host countries business climate for decades to come. Truly evil shit

 

[wombat74]

Worth reading the MOU agreed upon between Mali, Genfeng and LLL. Apoliogies if breaking rules - will remove if so. They were $1.25 last July and have just settled for 43c. Sounds like the brown bags were flying thick and fast in Mali!

https://www.aspecthuntley.com.au/docserver/02804665.pdf?fileid=02804665&datedir=20240508&edt=MjAyNC0wNS0wOCsxMjowNzozMis0ODArODYxOTM0K2FuZHJld3dlc3QrcmVkaXJlY3QraHR0cHM6Ly93d3cuYXNwZWN0aHVudGxleS5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZ0aW1lb3V0Lmh0bWwraHR0cHM6Ly93d3cuYXNwZWN0aHVudGxleS5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==

They got screwed .

 

[Cumquat Cap]

Interesting that they didn’t get screwed worse considering foreign capital was not coming back to Mali given Junta status, China wants to fuck us but seems to lube it up so we at least get above closing price so as to keep their status in the global economy. All very smart, hope ICSID can ensure we get at least closer to fair value

 

[Scoota30]

Would love a TO in the next six months personally, dreams are free anyway, feeling the pinch a bit and loads of plans on hold due to finances, looking to have our first kid,, career change, home improvements, all a bit harder or stressful for now.
As things are now What are the chances of a TO before all rulings are made? If someone buys us out they'll likely still have to deal with Zijin?
In my head seems like we'll have to sell to those cunts or have full clarity on everything before anyone would make an offer.

Shit is mentally draining, hang in there all

And remember

Hey mate, Zijin is a state owned company so as long as the state of China end up being involved with the takeover and benefitting in some way, you would imagine they'd be happy to wash away all of the corrupt Zijin stuff under the carpet and make the face of the joint venture CMOC or someone similar. There was talk a while back from King Julien about CMOC so it would make sense. Even though Zijin won't be "involved" with the sale or JV, they are the ones that do all the dirty work and then CMOC come in to save face and CATL still end up with the product.

In hindsight, China will still win in the end in this case by playing 4D chess but it seems the China fatigue is wearing thin on a lot of us and we would be happy for a TO at a fair price. Would be great to get some comments from Nige but understandably if he shows fatigue then it weakens our negotiation.

 

[Dazmac66]

Chyna using African countries as proxy
To fuck over Australian companies and in turn kill host countries business climate for decades to come. Truly evil shit

I just can't see the west allowing Manono to go east due to the scale of the mine. Are the yanks going to build/upgrade the Lobito rail line to facilitate Chinese looting throughout Africa. Doesn't make sense - surely the business created by the Manono mine features in feasibility studies for the Lobito project. It is the cheapest port for AVZ to ship to by a fair margin. (Two transport routes solution at US$229 per tonne2 cost to Lobito port and US$275 per tonne2 cost to Dar es Salaam port). Come on Felix - see the light!

 

[taofufa]

What a day been holding LLL since FFX days....

As a holder of AVZ, LLL , SYA and GLN( which running out of $ soon) I think I'm pretty much fucked with my inverstment.

Can only hope in my biggest holding (LTR) now, what worries me is seeing how SYA take a massive fall after production, hopefully LTR will be a different story .....

Fk my life !!!!! FKKKKKKKKKK

 

[Goldenboy]

Apologies if already posted ......stuff we all know but brilliantly written

AVZ Minerals: From $6 million to a $4.5 billion delisting. Inside the Congo lithium saga (equitiesclub.com)

 

[Dazmac66]

Well I'm a top fan of DRC mining week! Just notified 25 of the top sponsors about what happens in the DRC after you spend $100 million on defining a resource! Truly staggering that they expect to attract foreign investors into a cesspit of corruption and Chinese pillaging.

 

[Dave Evans]

View attachment 62420 Well I'm a top fan of DRC mining week! Just notified 25 of the top sponsors about what happens in the DRC after you spend $100 million on defining a resource! Truly staggering that they expect to attract foreign investors into a cesspit of corruption and Chinese pillaging.

Good on you Daz, I hope others join you mate.

DRC MINING WEEK 2024

Warning International miners and investors be warned before investing in the DRC Mining and Battery Minerals sectors. The DRC doesn’t follow its own Mining Code and also doesn’t abide by International Arbitration orders, including those by the International Chamber of Commerce (ICC) and the...

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