AVZ Discussion 2022

[Carlos Danger]

AVZ and KoBold representatives want to nail down a deal on the future of the southern portion of the Manono deposit from the talks starting on Tuesday. If all goes well, AVZ could on-sell the Manono interest for up to $US1.5bn ($2.38bn) plus a royalty. But there is no assurance of any outcome, favourable or otherwise.

$0.675 AUD per share + royalties.

Sounds like we get royally screwed, I really hope that's not true. I would rather go to court.

Is this RIO buttering up a lowball offer?

Maybe this is what RIO has put forward, but I really hope NF isn't entertaining this.

0.47c after tax

Surely 'AVZ representatives' aren't considering this as it is well below Nigel's minimum valuation of $2.5b USD at the AGM

That isn't a commercial enough offer to win the required shareholder vote even with a royalty imo

 

[Winenut]

0.47c after tax

Surely 'AVZ representatives' aren't considering this as it is well below Nigel's minimum valuation of $2.5b USD at the AGM

That isn't a commercial enough offer to win the required shareholder vote even with a royalty imo

Stupid low ball shit but the tax outcome (whatever the sale price) will vary from holder to holder depending on how it's held, where it's held, personal circumstances, income levels, size of holdings (so resulting potential profit size), whether it's a share sale attracting CGT rules and possible 50% discount etc etc

But prima facie 67.5c is just fucking bullshit and I agree nowhere near commercial enough to get shareholder suppot

 

[JNRB]

Totally agree

That's just a seriously fucked up and wrong and broken number to have published IMO

I went back and re-read it and we're all getting worked up over a simple misunderstanding.

Clearly what heas saying is 1.5B per share, which i am ok with.

 

[BRICK]

I went back and re-read it and we're all getting worked up over a simple misunderstanding.

Clearly what heas saying is 1.5B per share, which i am ok with.

Or the decimal point is in the wrong place and it’s 15. Billion

 

[Winenut]

Is it April 10th yet???......

 

[Randenj]

Is it April 10th yet???......

No but it is April 1 this week. Maybe the 1.5b was a leaked April Fool story ......... ??

 

[Carlos Danger]

Stupid low ball shit but the tax outcome (whatever the sale price) will vary from holder to holder depending on how it's held, where it's held, personal circumstances, income levels, size of holdings (so resulting potential profit size), whether it's a share sale attracting CGT rules and possible 50% discount etc etc

But prima facie 67.5c is just fucking bullshit and I agree nowhere near commercial enough to get shareholder suppot

I was talking about the company tax on sale of the asset

I'm aware of the various personal tax implications

There has been some talk of DRC waiving it but that seems extremely unlikely given the constant accusations of speculation over the years and even if we sell through GLH (unlikely because of Dathcom shares being tied to AVZI under affiliated company rules in Dathcom JVA) or AVZI there will still be company tax payable to either Singapore or Australia imo

 

[ptlas]

Jeeze feel like we are in a gangbang.

Getting fucked by everyone, even our own countrymen.

Just goes to show the significance of the resource.

It's all just games.

So now I'm down a rabbit hole on Royalties thanks to RIO and the Australian and a US Special Envoy

More games.

Only believe what AVZ says.

The rest is just grifters grifting.

 

[ptlas]

Look actually the real question is,

Will we reach 3000 pages of thread before a deal is cut?

Yes.

 

[Frank]

NF's inbox tomorrow.

https://x.com/emil_jens/status/1906161849302909136

https://x.com/anonymous_seeu/status/1906303400221786332

 

[j.l]

$0.675 AUD per share + royalties.

Sounds like we get royally screwed, I really hope that's not true. I would rather go to court.

Is this RIO buttering up a lowball offer?

Maybe this is what RIO has put forward, but I really hope NF isn't entertaining this.

Maybe as compensation for the north.

Sounds a bit like what was mentioned around the time of the convertible note raise.

 

[Frank]

1.5bn. Don’t bother sending anyone to the DRC Nigel. You can tell them to get fucked just as well over the phone

 

[Winenut]

I was talking about the company tax on sale of the asset

I'm aware of the various personal tax implications

There has been some talk of DRC waiving it but that seems extremely unlikely given the constant accusations of speculation over the years and even if we sell through GLH (unlikely because of Dathcom shares being tied to AVZI under affiliated company rules in Dathcom JVA) or AVZI there will still be company tax payable to either Singapore or Australia imo

Gotcha

Yeah saw it was 30% tax but wasn't sure if that was DRC tax, Oz Corp tax rate or a bit of an "average" for say a personal shareholder

Would like to see some tax relief in any deal but how that would be done (or could be done) I don't have a clue

 

[Frank]

https://x.com/emil_jens/status/1906301954470678836

https://x.com/Twinkle887788/status/1906312587081585052

https://x.com/DominicFurfaro/status/1906201171976745273

 

[Carlos Danger]

Gotcha

Yeah saw it was 30% tax but wasn't sure if that was DRC tax, Oz Corp tax rate or a bit of an "average" for say a personal shareholder

Would like to see some tax relief in any deal but how that would be done (or could be done) I don't have a clue

With or without the tax it's a joke

The article implies AVZ is at least entertaining this offer

Even at 0.67 there will be so many shareholders that suffer a loss. Sure a royalty could nullify that over time but Omni Bridgeway would be licking their lips if Cominiere and Dathomir cases aren't in one way or another resolved showing complete legal vindication for the bod. If this level of offer makes it to a vote then management would have to be confident that it is the absolute best they can do even if that means them facing a class action from holders who bought at a higher price with at what best can be described as incomplete information imo

 

[Frank]

https://x.com/Matt_Kilpatrick/status/1906225253547901088

https://x.com/Matt_Kilpatrick/status/1906240348617412672

 

[Frank]

https://x.com/AfricanMiners/status/1906241577317732432

https://x.com/Bavon14709050/status/1905992408954720600

 

[Charbella]

Absolutely unacceptable—what an opportunist.
We proceed with both ICC and ICDIS from here. $3.50!!!They have no idea who they’re dealing with. AVZ shareholders are a whole different kettle of fish!

 

[PhatCatz]

This sounds like a strategically leaked low ball offer with “AVZ board entertaining” spin as an added bonus. Buttering up shareholders to accept a slightly less bad offer of 75c and make out like it’s a great deal after getting shareholders to sit through the 5 stages of grief for the shit 67c offer. Just as the losing hope stage kicks in they’ll get for the throat of the 21k mum and dad investors and try to steal this with low ball crap offers.

Clearly abuse of power in negotiations by these snakes to use media to sway share holders. Hold strong and tell them to duck off. $6.75 per share minimum now.

 

[pow4ade]

So now I'm down a rabbit hole on Royalties thanks to RIO and the Australian and a US Special Envoy

Royalties are a rabbit hole well worth exploring. Clive Palmer once creamed the chinese for $400m pa for LOM lol.