AVZ Discussion 2022

[Mute22]

Shane getting very upset, can only mean good news right?

 

[cruiser51]

Shane getting very upset, can only mean good news right?

Which shane?
There are so many of the fuckers.
Is shane having an argument with the other shane, or simply behaving like a shane.

 

[Carlos Danger]

The 2023 annual report says:

AVZ International Pty Ltd (AVZI) which is the wholly owned subsidiary of AVZ that holds 75% of the shares in Dathcom pursuant to the Dathcom joint venture agreement dated 27 January 2017, as amended from time to time (Dathcom JVA)

The December 2023 Quartely says:

AVZ International Pty Ltd (AVZI) and Green Lithium Holdings Pte Ltd (GLH) which are wholly owned subsidiaries of AVZ that held or currently hold 75% of the shares in Dathcom pursuant to the Dathcom joint venture agreement dated 27 January 2017, as amended from time to time (Dathcom JVA)

@Carlos Danger

WRT when GLH came into the picture, I see that it first gets a mention in ICSID proceedings around November 2023. IMO, this might give a bit of a clue as to when the behind-the-scenes negotiations may have commenced with CATH, i.e. after the failed Board shit fight, and with Locke funding DD etc having commenced

So perhaps the transfer to GLH was an early step to avoid needing CNT's approval of the direct transfer to CATH, and was part of an early framework

I'm fairly certain this JV agreement etc has been percolating for quite some time, and isn't simply a reaction to the confirmation of Locke funding

Yeah that timeframe lines up with the 2023 annual report and December 2023 quarterly definitions

Although I don’t really care when or why it happened

Was more interested in the procedural process and any legal implications it may have caused

I was concerned by Cominiere saying at the ICC regarding Dathcom that ‘GLH is not a shareholder of the company and that the transfer of AVZ shares to the latter was not ratified by the company’

But Article 9.1A of the Datchom JVA is clear that transfers to affiliate / associate companies can be done freely as long as the stipulations are met

However technically an affiliate / associate company does differ from a subsidiary in ownership rules

Perhaps there is a different clause they are using. Either way I’m sure it’s all good. Both the ICC and the ICSID recognise GLH so Cominiere are probably just talking shit like usual.

 

[Mr Inappropriate]

Question for SME'S...I'm sure NF and Board want to return maximum value to SH once this shit show has concluded. What is the most likely pathway / structure for that? I'd rather not relist if it means the same cunts that shorted us way back at the start get another opportunity to do so again.

Something to keep in mind: If the asset were to be sold, 30% of the proceeds go to the corrupt government of the DRC*. Should this thing finally reach a resolution i’d prefer we relist (here/Singapore) and give people the option as to how and when they exit.

*If we did offload the asset i‘d be furious if we just wrote a cheque to the DRC government for the 30%. Make them chase us through the courts for years.

 

[DiscoDanNZ]

The Cath deal announcement by AVZ makes no comment about the legal issues. Interestingly, neither party has paid the fees to progress the cases. AVZ indicated that they would pay, but we have no confirmation of this action.

The purpose of the announcement was to announce the deal not comment on the legal issues and they most likely wouldn't draw down on the loan before the announcement is made.

Sometimes it's best not to overthink things, especially in our case where there is a massive misinformation from the other side.

 

[DiscoDanNZ]

Which shane?
There are so many of the fuckers.
Is shane having an argument with the other shane, or simply behaving like a shane.

I just had a brief scroll through his Twitter and all I could think was this:

Also fucking laughable is the fact he has 22.3k posts (calm the fuck down Elon Musk but from Wish). He has over 800 followers yet only manages 1-5 likes on his posts and even fewer comments, most of them recently are me either telling him to shut the fuck up or pointing out that he refers to himself in the third person a lot.

I have a friend with one of those chubby grey cats, put that fucker in a Pikachu costume and it would get better numbers than that in a day.

 

[Mr Inappropriate]

View attachment 75894

I just had a brief scroll through his Twitter and all I could think was this:

View attachment 75895

Also fucking laughable is the fact he has 22.3k posts (calm the fuck down Elon Musk but from Wish). He has over 800 followers yet only manages 1-5 likes on his posts and even fewer comments, most of them recently are me either telling him to shut the fuck up or pointing out that he refers to himself in the third person a lot.

I have a friend with one of those chubby grey cats, put that fucker in a Pikachu costume and it would get better numbers than that in a day.

That’s incomprehensible dribble (Der Geist). I expect he’s autistic - he probably does algebra for fun and in the long winter evenings belts out tunes on the Hammond organ (with his mum on vocals), but he sure as shit can’t write a coherent statement.