AVZ Discussion 2022

[Hodlandwin69]

Think we have a few posters who are fast on the trigger. Unfortunate as I’ve posted in the past but never had those issues until last few days.

Maybe it’s got to do with smooth brains thinking im part of the detractors. Laughable. I got my retirement locked up in this and AVZ coming out on top is the difference of me working the next 40 years or not.

I’m happy to meet with anyone around Good Coast to confirm I’m not one of those ugly puppets.

Eventually if you keep posting reasonable things you'll get accepted eventually. It's just part of some hazing process for any new posters.

 

[Carlos Danger]

Best check with an accountant, if we are bought out before we relist we still have a purchase date and a sale date so my view is no difference to any other investment that has GST discount implications.

Absolutely, everyone should talk to their accountant regarding this matter rather than listening to randoms online

However I do have an accounting degree and know how to read the Income Tax Assessment Act 1936

A capital gain occurs when the proceeds from the disposal of an asset exceed the cost base

A special dividend will be treated as a dividend for tax purposes and this distribution method does not dispose of the asset for the shareholder therefore no capital gain

It is possible they could achieve some sort of capital event by offering to swap shares with the buyer but that would be extremely unlikely imo

If management wind up the company after paying a special dividend then we would be able to claim a capital loss on cost base value against current or future capital gains imo

 

[Bonsoir]

Absolutely, everyone should talk to their accountant regarding this matter rather than listening to randoms online

However I do have an accounting degree and know how to read the Income Tax Assessment Act 1936

A capital gain occurs when the proceeds from the disposal of an asset exceed the cost base

A special dividend will be treated as a dividend for tax purposes and this distribution method does not dispose of the asset for the shareholder therefore no capital gain

It is possible they could achieve some sort of capital event by offering to swap shares with the buyer but that would be extremely unlikely imo

If management wind up the company after paying a special dividend then we would be able to claim a capital loss on cost base value against current or future capital gains imo

I don’t have an accounting degree but AVZ could be sold for an agreed price that does no involve a special dividend, therefore it would be a straight capital gain and would attract the 12 month rule.

 

[Carlos Danger]

I don’t have an accounting degree but AVZ could be sold for an agreed price that does no involve a special dividend, therefore it would be a straight capital gain and would attract the 12 month rule.

Yes that is possible but it is far more likely that we would sell our holdings in Dathcom or GLH (Nigel has mentioned in the past that this would be the method of disposal) therefore the need for a special dividend imo

 

[Carlos Danger]

I don’t have an accounting degree but AVZ could be sold for an agreed price that does no involve a special dividend, therefore it would be a straight capital gain and would attract the 12 month rule.

Yes that is possible but it is far more likely that we would sell our holdings in Dathcom or GLH (Nigel has mentioned in the past that this would be the method of disposal) therefore the need for a special dividend imo

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

 

[Ashlee]

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

I hope they relist and allow shareholders to choose if they wish to sell or hold depending on their situation.

 

[Bonsoir]

The benefit of not selling AVZ completely is that the company can continue

Nigel once said ‘we can find another Manono’

If we all get paid around $2ish and the company retains some capital plus acquires a new asset in a more regular jurisdiction leaving shareholders with the option to crystalise capital gains / losses on relisting or continue to hold and go again that would be an amazing outcome imo

Fair call, we have a few bridges to cross before we get to any tax implication.

 

[Azzler]

I hope they relist and allow shareholders to choose if they wish to sell or hold depending on their situation.

Ideal.
No 30% DRC Tax
+ CGT Discount.

Management will make their decision based on what benefits shareholders most.

 

[Azzler]

It's also possible for Management to sell their(our) stake, make the announcement, then relist for a time before the sale goes through.
The shareprice will hover around the payout price - DRC Tax, but allow holders to sell and get the CGT Discount.

Having said that, if I'm reading the room right, then it looks like (to my utter astonishment) that we're actually going mining!

 

[cruiser51]

I reckon talking about tax is a little premature.

Why not first wait and see how this plays out?

fuk sake.

We could well finish up having to give the Fat Cat CPR.
We need him as a balance against you over optimistic cunties.

 

[Bonsoir]

I reckon talking about tax is a little premature.

Why not first wait and see how this plays out?

fuk sake.

We could well finish up having to give the Fat Cat CPR.
We need him as a balance against you over optimistic cunties.

Just hypothesising, passing the time.

 

[Winenut]

I agree Cruiser

It's way premature to be talking about tax implications

We dont even know exactly how any restuctured TIA will play out

Then we still have legals in the mix....ICC, ICSID

There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono

 

[Carlos Danger]

I agree Cruiser

It's way premature to be talking about tax implications

We dont even know exactly how any restuctured TIA will play out

Then we still have legals in the mix....ICC, ICSID

There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono

U still need to put that U in Ur flow chart imo

 

[Winenut]

U still need to put that U in Ur flow chart imo
View attachment 76034

I intend to buddy

But there are many permutations so it's all a bit of guesswork

I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)

Dathomir's 15%???? (although I reckon Congs fucked)

What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)

Cominiere.....well they're still a completely loose cannon

What happens to Zijin?

What tenement do we actually end up with?

At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now

Too much fun......for accountants

 

[Winenut]

and I have no idea how you got a camera into my office.....