AVZ Discussion 2022

[Winenut]

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 tendered.



Acceptances of the takeover offer will be processed on the date of receipt. Once processed, acceptances are irrevocable.



The offer states that acceptances of the takeover offer cannot be for part of your holding, acceptances must be for your full holding.



Should the bidder exercise its power to compulsorily acquire the remaining shares, shareholders who have not accepted the takeover offer by the end of the offer period will have one month from the date of the compulsory acquisition notice to enquire by written statement to the bidder for a list of outstanding shareholders or make an application to the court to stop the compulsory acquisition of their remaining shares.



Clients are advised that IG will not undertake any action in relation to their right to dissent and that their holdings must be reregistered into the underlying beneficial owners name as part of this process. Further details regarding dissent will be advised upon receipt of any compulsory acquisition notice.



Extensive details of the offer terms are available in the bidder statement available via the company announcement section of the ASX web site.



Please note: If the bidder proceeds with compulsory acquisition of shares, the resultant consideration may take up to 3 months to be credited to your share trading account.



To take part in the above offer please instruct by replying to this email from your registered email address before the IG deadline of 11 AM AEST on the 08.07.2024. An instruction to us is not a guarantee that you will be allocated any or all the cash that you have subscribed for. IG holds no responsibility for allocation outcomes. By participating in the offer, you acknowledge and agree that you will not hold IG liable for any of the above.





Kind Regards,

IG Corporate Actions

E elections.apac.st@ig.com.au

 

[Azzler]

Wow, this is a total scam!

 

[Bin59]

Are AVZ now offering the same deal as Resource Capital, so that if you want to sell some or all of your shares for .01, at least sell them back to the company?

Or, have IG used AVZ Minerals name in the email to confuse shareholders and get them to unwittingly agree to sell through the IG account to Resource Capital

 

[BRICK]

View attachment 65791
View attachment 65792

smelling bullshit?

 

[wombat74]

Are AVZ now offering the same deal as Resource Capital, so that if you want to sell some or all of your shares for .01, at least sell them back to the company?

Or, have IG used AVZ Minerals name in the email to confuse shareholders and get them to unwittingly agree to sell through the IG account to Resource Capital

Maybe the last attempt by the Fat Tail f--kwit didn't bear fruit . Having another crack ? Surely if it was legit the company would have announced it .

 

[Charbella]

Are AVZ now offering the same deal as Resource Capital, so that if you want to sell some or all of your shares for .01, at least sell them back to the company?

Or, have IG used AVZ Minerals name in the email to confuse shareholders and get them to unwittingly agree to sell through the IG account to Resource Capital

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

 

[Winenut]

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

I know I'm a cretin but I'm totally confused by this one

It reads like AVZ Minerals is making a buyback offer.....

Surely this is some sort of bullshit linked to the goons???

 

[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