AVZ Discussion 2022
- Thread starter GazDix
- Start date
There's a bit of a pattern forming of ex associates of AVZ sticking the knife in.
Langford, Eckhoff, Math, Huljich, Eastwood, now Jones
I find it quite odd
I guess you could add Cong, Loando, Kibeya, Pei and perhaps even Mihigo to that list too...
Man if we ever get out of this with a profit, it will be a blast to know that we made money by holding* Australia's most hated stock!
* holding it for...a decade?
grassseeds
Regular
All retail shareholders are in the dark and until AVZ can pull a rabbit out of the hat i don't expect much communication. Unfortunately, AVZ in the DRC are considered lightweights with no capital, very few good connections and no real clout. As there are only 4 months or so for AVZ to have their ducks in a row before the next AGM we can only hope the BOD have Plan B ready to go to keep AVZ in the game.
We shouldn't underestimate Zijin's ability to stich up Manono and their best chance of success lies in controlling the AVZ board. If they get control of the board game over. At the last AGM most retail shareholders supported the BOD. I suspect that the support this year may not be as strong unless the AVZ board can produce some concrete support from the DRC Government. I also expect Zijin to make many more attempts to increase their influence and gain more shareholder support.
To me the best chance AVZ has to retain some or all of Manono is to get a major ally to take up some shareholding within the next 3 months. I would feel more comfortable if we got preferably a USA based company ( other major still OK ) to come onboard, with up to a 19% shareholding even at a low based contribution. This action would be a game changer and solve all the negatives about AVZ and improve our negotiating position.
To all shareholders hangin and lets hope we can get some satisfaction shortly.
We shouldn't underestimate Zijin's ability to stich up Manono and their best chance of success lies in controlling the AVZ board. If they get control of the board game over. At the last AGM most retail shareholders supported the BOD. I suspect that the support this year may not be as strong unless the AVZ board can produce some concrete support from the DRC Government. I also expect Zijin to make many more attempts to increase their influence and gain more shareholder support.
To me the best chance AVZ has to retain some or all of Manono is to get a major ally to take up some shareholding within the next 3 months. I would feel more comfortable if we got preferably a USA based company ( other major still OK ) to come onboard, with up to a 19% shareholding even at a low based contribution. This action would be a game changer and solve all the negatives about AVZ and improve our negotiating position.
To all shareholders hangin and lets hope we can get some satisfaction shortly.
Scoota30
Regular
Hey Beish,
Imagine if the new DRC government finally smartenned up and stood tall to Zijin because of the new Minister of Justice & the stop work orders - here is a theoretical scenario i just made up while dreaming.
- DRC Gov/Minister of Mines issues order for Comineire to sell the FROR 15% to AVZ for $150M as per the fair price of the DFS at the time (As shown in the IGF report) - Comineire can arguably pay back any money that they had taken from Zijin and don't have to pay AVZ any further ICC fines
- DRC Gov ask for 15% free carried on the project instead of the standard 10%
- AVZ break the CATH 24% Agreement
- RIO sign binding agreement for 34% of Dathcom for $1B dollars ($30M per 1% due to the updated BFS/10mtpa plan & increase in resource size)
- CATH/Zijin get shown the door from DRC Gov for their corruption/behaviour
- AVZ don't need to raise any money to fund their 60% of the project CAPEX (Allowing for the DRC Free Carried 15%)
Okay now wake me up
BenGriffo
Regular
Scoota ya little sneak. Where is that final 1%?! Is that your commission for brokering all the deals?Hey Beish,
Imagine if the new DRC government finally smartenned up and stood tall to Zijin because of the new Minister of Justice & the stop work orders - here is a theoretical scenario i just made up while dreaming.
All court cases are dropped, China still ends up with the product (Existing offtakes - albeit not as cheap as they would have it if they stole the project) and the show can get on the road with a Major miner in RIO being a part of it.
- DRC Gov/Minister of Mines issues order for Comineire to sell the FROR 15% to AVZ for $150M as per the fair price of the DFS at the time (As shown in the IGF report) - Comineire can arguably pay back any money that they had taken from Zijin and don't have to pay AVZ any further ICC fines
- DRC Gov ask for 15% free carried on the project instead of the standard 10%
- AVZ break the CATH 24% Agreement
- RIO sign binding agreement for 34% of Dathcom for $1B dollars ($30M per 1% due to the updated BFS/10mtpa plan & increase in resource size)
- CATH/Zijin get shown the door from DRC Gov for their corruption/behaviour
- AVZ don't need to raise any money to fund their 60% of the project CAPEX (Allowing for the DRC Free Carried 15%)
Okay now wake me up
Scoota30
Regular
Scoota ya little sneak. Where is that final 1%?! Is that your commission for brokering all the deals?
- 51% AVZ
- 34% RIO
- 15% DRC Gov
No sneaky deals or comission for me.... Just the thought of AVZ coming out on top is enough haha!
JAG
Top 20
Can I just ask 1 question?
How do you know
Joking Mute, joking but it was there to be asked
Samus
Top 20
Did you quit drinking Wino?
Because after a few reds I was thinking how DRC are a miserable pack of corrupt morons who let a bunch of low level crooks like Kebeya sabotage their entire economy so that the elite can pass around a bit of Chinese yen. How's about they reinstate AVZ's rights so we can sell the project for billions of dollars of which those fucking morons get something like 30% to embezzle to their hearts content.
It's a win win!... Fuckwits!
They're pissing around with chicken feed and they'll loose all revenue because the scumbag Chinese will take it all for themselves as they run Manono like an internment camp.
Otherwise I really look forward to suing them for the billions in losses that shareholders have had to endure and they can suffer the misery of their own creation.
Remark
Top 20
Tommy & the Boatman doing a reach around on X.
Good to see people giving them the shit that they deserve
https://x.com/BoatmanCapital/status/1806294155624100222
Good to see people giving them the shit that they deserve
https://x.com/BoatmanCapital/status/1806294155624100222
Winenut
Go AVZ!
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After two weeks, mine was still not updated, so I re-did it this morning.
Maybe they're busy with the Sumo Energy data hack. To date my personal identification details have been hacked from Latitude Financial Services, Ticketek, Optus, Air India and now Sumo Energy (I'm not even a Sumo customer. They were too lazy to purge their historical information).
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I just spoke to Automic and they said I need to add it again using the SRN sent in the welcome letter, rather than the HIN. On the road now so won’t be able to try til next week but you could give that a go!
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