AVZ Discussion 2022

[Winenut]

I have reached out to AVZ. It certainly has gone from a takeover to buyback offer.

Who's making the buyback offer???

Only AVZ can "buy back"

 

[wombat74]

I have reached out to AVZ. It certainly has gone from a takeover to buyback offer.

So a buyback to secure company share ? Could start a biding war . Do I hear 1.5 cents anyone ?

 

[BRICK]

So a buyback to secure company share ? Could start a biding war . Do I hear 1.5 cents anyone ?

move the decimal point a few spaces and youve got a deal!

 

[Hodlandwin69]

To be fair, if AVZ are doing a share buyback, don't they have to put a "fair and reasonable" value on what they think it's worth based on available data?..... Like they are in effect saying they think the share has a fair value of $0.01, like they can't value it on insider info that only they are privy too right....?

 

[Winenut]

This is fucking weird....

 

[Winenut]

No announcement from the company.....just doesn't smell right

 

[BRICK]

They just released an announcment a week ago on this. Shirly.. they aint doing a 180 flip

 

[Miljew91]

Obviously this is a scam guys, the email it comes from even looks dodgy.

No doubt just the Mmga boys at it again.

 

[Remark]

Nothing on the website - I'm also calling bullshit.

 

[Mr_Tones83]

It's the same offer from Resource Capital.
It was never a 'takeover offer' as the original Australian Super emails that went around, it has always been a share purchase offer (takeovers are subject to different rules).

Each platform just has different ways of communicating and deadlines with regards to voluntary corporate actions.

Don't stress, it's nothing new.

 

[antimatter]

From AVZ's announcement on 25-Jun: "The Board recommends AVZ shareholders retain your shareholding. Do not surrender your AVZ shares to this opportunistic bidder at a price that does not reflect the underlying value of your shares."

AVZ's credibility will be totally shot if they offer the same price to shareholders.

 

[Panther22]

RIP John25
Thoughts are with his family.

Didn't John give us the weekly tally of time in suspension each Friday?

 

[BRICK]

RIP John25
Thoughts are with his family.

Didn't John give us the weekly tally of time in suspension each Friday?

yep he did.

So in honour of that...:

ITS BEEN A FUCKING SHITLOAD OF DAYS, WEEKS, MONTHS AND YEARS IN SUSPENSION WITH A FEW MORE TO GO!

Image courtesy of @JAG

 

[Winenut]

It's the same offer from Resource Capital.
It was never a 'takeover offer' as the original Australian Super emails that went around, it has always been a share purchase offer (takeovers are subject to different rules).

Each platform just has different ways of communicating and deadlines with regards to voluntary corporate actions.

Don't stress, it's nothing new.

 

[TheCount]

RIP @John25.
TC.

 

[BEISHA]

Is this our John??!?

View attachment 65755

I have met @John25 personally at the previous AGM, really nice bloke, kept us all amused with his great humour before AVZ suspension and after on HC & TSE forums......... everyone knew he had health issues, but never in a million years did i think we would be discussing his death .

Really sad he wasnt able to enjoy retirement with his AVZ wealth, forced to go back to full time work due to the crooks from Cominiere / Zijin / MAGA brigade etc stealing it from him, almost certain that this stressful 2+yr suspension + work commitments at his age, caused his demise.....

You will be missed my friend.

Hoping your family will eventually benefit from your investment in AVZ down the road.

Beisha

 

[BRICK]

View attachment 65800

Someone is going to get a kick in the balls.

Dont care how long it takes.

 

[wombat74]

If AVZ doesn't inform its SH's of a buy back, or take over, it is simply a scam.
No need to get excited.

Maybe inform IG that their name is being used by fraudulent desperados, who are using their business name and thereby bringing IG into disrepute might make them rectify this BS.

As mentioned before, I expect the carrotdick will make more attempts before the next AGM, until they have their required quantity.
The previous offer ran out 1-07-2024 and this offer runs out 8-07-2024
So we don't have to be rocket scientists to understand that their previous attempt was not successful and we are highly likely going to get weekly offers.

One question, where the fuk is huge lips?
Is he on holidays in Cardwell?

Dudbrook is highly likely fukked over in the Caribbean by a huge Jamaican fast bowler.

Will this continued attempt to rat f--k us and the BoD have any impact on AVZ securing $$$$?

 

[wombat74]

 

[Panther22]

From: elections.apac.st@ig.com.au<elections.apac.st@ig.com.au>
Sent: Tuesday, July 2, 2024 2:36 PM
To: Undisclosed recipients:
Subject: (ST) - AVZ Minerals Limited Buyback offer


Dear Client,
AVZ Minerals Limited has announced an off market buy back tender of some or all of your fully paid ordinary shares in the company.
Under the buyback process, eligible holders will be able to tender their ordinary shares at a fixed price of AUD 0.01 per share.
The company advised that you may tender partially or for your entire holding. In the event the company receives applications in excess of the offer amount, shareholders will be scaled back pro rata on the number of shares.....

.............................................................................................................................................................................


Surely the first sentence here should come under some legal scrutiny. Someone purporting to be someone else to attempt to mislead others can't be legal. In the business sense shouldn't ASIC look at this?
Hoping AVZ lawyers have had a good read and adding to the list of future law suits.

Anyone thinking of selling hopefully would reach out to SH on here for a discussion and not believe the $0.01 dribble coming from our detractors/MMGA/Fat tail/ Zijin/ Carrotdick and others.

GLTAH. The good guys will win out.