AVZ Discussion 2022

[Flight996]

I too am very happy that a fighting fund deal finally got inked.

The summary of terms implies a very, very good deal for Locke, including:

• First mortgage terms (potentially billions in assets as security for $15m loan),
• Sixty million shares in AVZ plus very generous equity and top-up options across a range of scenarios.

However, AVZ was cornered and fighting for its life, and generous terms were the price it had to agree in order to get funding across the line.

I am very happy for the oxygen that this package brings management in its fight against the corrupt DRC maggots and their shit-eating Chinese masters.

Cheers
F

 

[Cumquat Cap]

US 15 or Aud 23 at 60 million shares is 0.35 per share and rising once the court cases ramp up.

Also Locke will not be negotiating on our behalf, simply funding and providing some USA related backup support

 

[Pokok]

"As always i will act in the best interest of this forum".


Mmmmm.....????

My suggestion is you and Yianni absolutely kick the living fucking suitcase out of Carrotdick just prior to question time

Then......

Get all the intel and decent answers to genuine shareholders questions from the Nige et al

Following that dump Carrotdick's limp arse in the most compromising area of the Perth CBD with his pants around his ankles and a sign around his neck saying "Open for Business".......

It's not outside his character so I'm guessing there won't be any legal ramifications

After that judiciously share the important intel with the trusted TSE members via PM's and the golden grapevine (no Hoots you're not a member or you Tolate so suck it up boyfriends)

Beyond that I have no immediate plans or ideas.....

And I was thinking I need professional help

 

[Xerof]

I suspect @geo_au tipped the Locke signing when he said ‘wait a couple of weeks and we’ll be jumping for joy’ Timing was out coz BOD wanted to wait until AGM to announce, IMO

So, next stop is the result of the ‘Auction’……IMO

Waiting…..

 

[RHyNO]

Locke in at 38c a share, great deal for them, good deal for us. They’ll get amazing ROI at $1.5 $2 and we’ll get ourselves free. Wish there was more incentive for them to get an outcome at a higher share price. But our backs against the shitty mudbrick hut wall and our Chinese assailants have huge ccp supplied knives. Keep punching Nigel!!

 

[wombat74]

Well done BoD . Well done @geo_au and deboss . Cheers

 

[Rediah]

Nigel @geo_au be like, it not his fault announcement are coming out slow.

 

[Roon]

Locke in at 38c a share, great deal for them, good deal for us. They’ll get amazing ROI at $1.5 $2 and we’ll get ourselves free. Wish there was more incentive for them to get an outcome at a higher share price. But our backs against the shitty mudbrick hut wall and our Chinese assailants have huge ccp supplied knives. Keep punching Nigel!!

This isnt correct. The announcement doesn't suggest that the 60m shares that will be issued to Locke are to cover the 15m loan. Otherwise that would be a straightforward issue and there wouldn't need to be all the other terms for repayment.

It's only a part consideration, and it's highly likely that most if not all of the cash borrowed will still need to be paid back in cash too, and with interest, seperately to whats already provided. The equity just sweetens the deal. So we can't place any definined SP value against the 60m shares that's being handed across from Acuity - so cant say Locke got in at 38 cents nor 35 cents as someone mentioned above. Though we dont know the precise terms, we do know that these shares don't equate to and cover the 15m loan.