I love the sentiment, i thanked Yianni and the BOD for their ongoing hard work to achieve the best result they can for us long suffering holders at the AGM. I know for a fact the BOD are jaded from all this corrupt shit that never abates, I also know that Nigel has had to resort to selling private assets to keep the lights on too apart from not pulling in any wages for a number of months.......but his body language is alot more positive than it was last year and Yianni is always positive and a ripper bloke.Hi all, particularly those that attended the AGM ( especially those that came from Interstate ), the pre discussion and get together with Yianni and the after AGM discussions with Directors.
I sensed that our Directors ( currently not being paid ) have a degree of mental tiredness due to the constant battle with corrupt officials and trying to keep AVZ afloat for all shareholders. Graeme Johnston in particular (who has a gaol sentence in DRC hanging over his head) must be very concerned about the constant pressure of both his and AVZ's situation.
As I see it, we may still have a couple of years to get the mess sorted out, and/or many battles to keep the corrupt carpet baggers from stealing Manono. If you look at the options to finalise a satisfactory result, AVZ personnel have to negotiate with many of these corrupt people. The number of possible alternative outcomes may become quite large. I hope they get some more support to help crank out the numbers and solutions on all possible options.
My next action.
I propose to send a personal vote of thanks to Yianni for getting off his arse, spending his time trying to help all shareholders and exposing himself to possible legal challengers.
I also propose to send a personal vote of thanks to all the Directors for their continuing (currently unpaid) work trying to get a deal for all shareholders. I also suggest the Directors pass on to the Legal team and any other supporting organization my vote of thanks.
Anyone who agrees with my thinking I hope you also feel that by giving your thanks to Yianni and support to our Board this will help them appreciate the retail shareholders and spur them on to get the job done over the next difficult period.
Where i do disagree with you is the time frame to get this mess sorted, no way its going to take another 2 years, like Nigel said, there is a minority of scum in the DRC govt that needs to be addressed and it may come to a pass that FT removes them from the equation.
Also, we are on the cusp of another lithium boom, all the signs point to a bottoming of the price curve and i am sure DRC govt doesnt want to see RD becoming a stranded asset and missing out on a potential $450m p/a in taxes / royalties for any longer than is deemed necessary.
CDL is about 4 yrs away from production at best, if a deal could be agreed upon ASAP, RD could be in production in around 18 months , potentially in the right time frame for massive profits as price would be in the ball park of $1000+ p/t by then me thinks.
One needs to remember , Manono strip ratio is 1: 1, AISC would be very low, lowest of all the hard rock plays out there by far.
Excellent profits would be made , thousands of jobs created and ultimately, a better standard of living within the community would have been attained if the brown bag mentality was erased.
We live in hope that FT gets a brain and develops into a true leader not a follower like Albanese.
imo
Last edited: