I agree, but what i meant was, just because AVZ is now delisted, they wouldnt want to be tardy with official information to their long suffering share holders . We dont want to sit in a echo chamber for long periods of time, we need to be informed of any progress or not, in a reasonable time frame.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Mr_Tones83
Regular
That's what he has to say even if there had been approaches. Notification to shareholders of a potential takeover only has to be done when there is a certain seriousness and confidence level of it actually being undertaken, as well as what could be deemed near fair value.
Any board member saying yes to that question would be very foolish.
Fair point.
I vaguely remember Nigel mentioning at an AGM he had been approached but it was not worth considering . Which is fair enough.
obe wan
Regular
They have cut wages considerably ; basically all the board went into sleeper mode with regards to salary payments 6-8 weeks ago ; it’s actually only Ben and NF who are drawing full wage fwiw
forestgump
Member
IT will be the instant coffee and Lipton teabags next.
Pretty sure if you read the last announcement you will see AVZ have committed to complying with all "official announcement" protocols in order to allow a smooth transition back into the ASX if the situation should arise.
Have flown Los Angeles since my last post. 5 ubers: 2 Tesla, 3 hybrids
Went to Dodgers game today they won in 10th innings(extra innings) The Japanese bloke hit the winner! He has just signed a $700usd million contract over 10 years! Haha good luck to him.
Awesome day!
Samus
Top 20
Plus bonuses.
Plus bonuses.
Samus
Top 20
Is anyone going to tell me Mr Pee isn't totally complicit in the Chinese strategy to steal Manono?
He backed the MMAGOTS and there is no sign of waiving the 20m break free clause to help AVZ through this difficult time.
I hope we see the back of that prick if we get through this personally.
The time for giving that arsehole a huge chunk of the project for peanuts is long gone.
Here's hoping we sell it from under him.
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My view of the BOD hasn't changed.
CashKing
Regular
Hey bud we all feel your pain as we are going through the same shit…
Keep the chin up but if that helps you sleep better then bugger off for a bit. It sucks being kept in the dark and $$$ invested that we could all use right now.
Hopefully Nells post I think it was didn’t push you too far bro.
Take care of yourself and hopefully see you back when more positive news is about
Cheers
Samus
Top 20
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Frank
Top 20
May 20, 2024 18:00 JST
HONG KONG, May 20, 2024 - (ACN Newswire) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") provides the following response to the recent article published in Africa Intelligence titled "Zijin Mining pays $70m to mysterious Congolese NGO".
Zijin Mining believes the insinuations of impropriety or wrongdoing in the article titled "Zijin Mining pays $70m to mysterious Congolese NGO" are categorically false, misleading, and unfounded.
The Company did not make a donation to the NGO, Le Bouclier. The contribution was made by Manono Lithium, in which Jinxiang Lithium, a subsidiary of Zijin Mining, controls a 61% ownership, as disclosed by the Company on October 24, 2023. The donation ceremony was also held publicly with media in attendance, and press coverage of the event was subsequently published.
The NGO in question was thoroughly vetted and recommended by the Democratic Republic of Congo (DRC) Ministry of Public Health, Hygiene and Prevention, independent of external influence and/or Jean-David E’ngazi’s appointment to Cominiere. The decision was based on humanitarian considerations and there is no basis for referring to the NGO as "mysterious".
The article also fails to accurately represent the comprehensive scope of our partnership with the local community and our dedication to corporate social responsibility. Zijin Mining stands by the integrity of its actions and remains steadfast in its commitment to ethical business practices.
Regarding the specific details of the fund transfer to the NGO outlined in the article, the Company will be launching an inquiry into the allocation and disbursement of funds by the NGO, to ensure transparency, accountability, and the sustainable development of the region.
The article also misrepresents the findings of the IGF report in relation to the 15% share purchase from Cominiere in 2021, made by Jin Cheng Mining, another subsidiary of Zijin Mining. Neither Zijin Mining or any of its subsidiaries made any payment to Focus Plaidoirie in relation to the above said transaction. Jin Cheng Mining conducted the required due diligence on the seller (Cominiere) and the asset.
As a globally responsible mining company, Zijin Mining affirms that it has diligently complied with all legal and regulatory requirements throughout the processes outlined in the article.
Response to Africa Intelligence Article
www.jcnnewswire.com
Get a load of these cunts!
What can i say that my Bull Shit detector doesn't
Sounds like nothing but a Load of Pure
x.com
x.com
Mr_Tones83
Regular
Well Zijin admitted here that they did their DD on Cominiere and the asset, so likely can't be any recourse to sue Cominiere when the 15% sale and all that happened afterwards gets overturned at international proceedings. Oops
May 20, 2024 18:00 JST
HONG KONG, May 20, 2024 - (ACN Newswire) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") provides the following response to the recent article published in Africa Intelligence titled "Zijin Mining pays $70m to mysterious Congolese NGO".
Zijin Mining believes the insinuations of impropriety or wrongdoing in the article titled "Zijin Mining pays $70m to mysterious Congolese NGO" are categorically false, misleading, and unfounded.
The Company did not make a donation to the NGO, Le Bouclier. The contribution was made by Manono Lithium, in which Jinxiang Lithium, a subsidiary of Zijin Mining, controls a 61% ownership, as disclosed by the Company on October 24, 2023. The donation ceremony was also held publicly with media in attendance, and press coverage of the event was subsequently published.
The NGO in question was thoroughly vetted and recommended by the Democratic Republic of Congo (DRC) Ministry of Public Health, Hygiene and Prevention, independent of external influence and/or Jean-David E’ngazi’s appointment to Cominiere. The decision was based on humanitarian considerations and there is no basis for referring to the NGO as "mysterious".
The article also fails to accurately represent the comprehensive scope of our partnership with the local community and our dedication to corporate social responsibility. Zijin Mining stands by the integrity of its actions and remains steadfast in its commitment to ethical business practices.
Regarding the specific details of the fund transfer to the NGO outlined in the article, the Company will be launching an inquiry into the allocation and disbursement of funds by the NGO, to ensure transparency, accountability, and the sustainable development of the region.
The article also misrepresents the findings of the IGF report in relation to the 15% share purchase from Cominiere in 2021, made by Jin Cheng Mining, another subsidiary of Zijin Mining. Neither Zijin Mining or any of its subsidiaries made any payment to Focus Plaidoirie in relation to the above said transaction. Jin Cheng Mining conducted the required due diligence on the seller (Cominiere) and the asset.
As a globally responsible mining company, Zijin Mining affirms that it has diligently complied with all legal and regulatory requirements throughout the processes outlined in the article.
Response to Africa Intelligence Article
Get a load of these cunts!
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