AVZ Discussion 2022
- Thread starter GazDix
- Start date
Nothing wrong with the occasional hissy fit . At least I can back it up . I've been holding back .Time to let the pigeons loose .
Hemicuda
Regular
give it a rest ffs
Carlos Danger
Top 20
27 likes and 8 retweets including by Jens. Critical thinking is a dying art. Why on earth would anyone white out an application in French including the name of the country and then write over it in English to deceive CAMI. I can say with complete authority that it is not the version of the waiver that was submitted.
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Winenut
Go AVZ!
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Bray
Regular
Uppa big fella it’s all a load of wank wank
Carlos Danger
Top 20
Have you calculated whether we will get the quarterly today or not?
Would be handy to know how much money the company we own has left
Cumquat Cap
Regular
What the fuck would you do with this information? How would that be handy
Cumquat Cap
Regular
I’m sure nige and board could’ve done a Jason Brewer and folded the company with a big packet waiting for them on the other side. They’ve stood strong for shareholders rather than taking shit offers (of which Nigel could retire on).
I’ve had heated arguments with him in the past and think he’s failed in some aspects, but we’d be shafted into oblivion by Chinese raiders if it weren’t for him, John and Ben.
I’ve had heated arguments with him in the past and think he’s failed in some aspects, but we’d be shafted into oblivion by Chinese raiders if it weren’t for him, John and Ben.
RHyNO
Regular
Or we’d be mining with a Chinese partner that knows how to grease the wheels.
Cumquat Cap
Regular
Fair points, anyway I’m bowing out fuck all this.
PutUsernameHere
Regular
RHyNo,
I dont think that there is any possibility of AVZ having any working relationship with a Chinese backed company especially operating a mine together. You have seen how the Chinese operate in the DRC and currently in Manono.
Their values and our values would appear to be at the opposite ends of the spectrum and would compromise who we are and what we stand for.
Regards,
SilentOne
PutUsernameHere
Regular
Financial Covenant Protection in GP Facilities
"By way of refresher and in general terms, a GP facility relies on the GP profit share (or “GPPS”) as the source of funds for repayment of the facility. Subject to LPA considerations previously discussed here, the security package for the facility will generally compromise security over the right of the GP (or manager) to receive the GPPS and security over the account into which the GPPS is paid. Although the LPA will usually allow for capital to be called from investors to pay the GPPS (particularly in the early life of the fund), GP facilities would not ordinarily have the benefit of any security with respect to the right to call capital. "
From an article 4 years ago. Just looking for prospective positives in this current climate of absolute shite. I read it as "security package" is more like an ownership for Locke following the case; as in securities/shares. As opposed to security for the funding facility to go ahead. Either way, nothing announcement. Over it all at this stage.
"By way of refresher and in general terms, a GP facility relies on the GP profit share (or “GPPS”) as the source of funds for repayment of the facility. Subject to LPA considerations previously discussed here, the security package for the facility will generally compromise security over the right of the GP (or manager) to receive the GPPS and security over the account into which the GPPS is paid. Although the LPA will usually allow for capital to be called from investors to pay the GPPS (particularly in the early life of the fund), GP facilities would not ordinarily have the benefit of any security with respect to the right to call capital. "
From an article 4 years ago. Just looking for prospective positives in this current climate of absolute shite. I read it as "security package" is more like an ownership for Locke following the case; as in securities/shares. As opposed to security for the funding facility to go ahead. Either way, nothing announcement. Over it all at this stage.
RHyNO
Regular
Great point mate of course our major partner is CATH a Chinese backed company. Which gets supplied often by zinjin. But other than that this is like some of your best writing.
RHyNO
Regular
Oh mate thanks for the banter. Appreciate your investment of time to this incredible state of affairs. Good on you buddy. God speed.
Then you may want to inform the board that you don't agree with their strategy, given our CATH partners and all-Chinese offtakes.
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