AVZ Discussion 2022

[pow4ade]

Couldn't help noting the timing of RIO's CEO being dumped, the day before our ICSID temporary suspension was enabled. Wonder if there's a connection.

Plenty of rumours including: heated row between CEO and RIO chairman in the preceeding week; suggestions CEO had gone too fast and too long on lithium; Arcadium still losing money; corruption allegations in Mongolia; depleting iron ore grades in Pilbara; ESG issues in Zambia with Chinese partner; CEO job done as a change agent so making way for a growth specialist, etc, etc.

Regarding how will Kobold develop Manono, did RIO commit to a deal with Kobold to add to RIOs already $10 billion bet on lithium.

One imagines Nigel only requested ICSID suspension once Kobold provided a clear mining path forward to the DRC's satisfaction.

Still think RIO is likely in the mix here but curious as to whether their CEOs sudden sacking is related. Otherwise just killing time lol.

 

[Small Trader]

Yes dude. You need to do it. It's issuer held so you need to register so that the company can account for your shares and ledger them accordingly on the Automic system.

It's not hard mate. Just get on there and set it up. You were probably sent some advice last year about your SRN. Have a look for it. Once you have that, you are set. Lemon squeezy

As long as AVZ does not publish an explicit request to shareholders that ALL shareholders must be registered with Automic in order to receive, for example, a special dividend or other special payment, I believe that custody at the custodian bank is sufficient.

Normally, the bank is the registered holder, but it acts for and on behalf of the beneficial owner, which is me.
It is the same for me: my shares are held by my bank (DKB) at a custodian or partner bank.

I assume that in the event of a TO, or any kind of end to AVZ, the shareholders will be informed of how to proceed.

I would not currently transfer the shares to another broker in advance for no reason, which would also enable them to be held at Automic, and this would probably involve costs.

At the moment, however, nothing is clear and I remain on hold.

Or does anyone have any specific information about this?

 

[pow4ade]

As long as AVZ does not publish an explicit request to shareholders that ALL shareholders must be registered with Automic in order to receive, for example, a special dividend or other special payment, I believe that custody at the custodian bank is sufficient.

Normally, the bank is the registered holder, but it acts for and on behalf of the beneficial owner, which is me.
It is the same for me: my shares are held by my bank (DKB) at a custodian or partner bank.

I assume that in the event of a TO, or any kind of end to AVZ, the shareholders will be informed of how to proceed.

I would not currently transfer the shares to another broker in advance for no reason, which would also enable them to be held at Automic, and this would probably involve costs.

At the moment, however, nothing is clear and I remain on hold.

Or does anyone have any specific information about this?

Someone next door recently related how their ownership of an AVZ holding in his SMSF had reverted to the custodian or broker. This occurred unbeknownst to him per the fine print relating to delisting or inactivity or some such. Best check you retain control and duly transfer to Automic, the AVZ recommended holding registrar.

 

[BEISHA]

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@Nellie17

Fat shaming women.........stick it to retro !!

 

[BEISHA]

This is my first time hoping on a site like this and all I do is get laughed at and get criticized,well I’m not lost that happened but I’m glad it show me how clueless most are still on the stock and crypto market ,when you just want to be a good person and take an advantage.

If it makes a difference , your avatar picture is a thing of beauty....

Sorry @Nellie17 ....

 

[BEISHA]

Side note, if the chinese keep the north & the US get the south - long term it will be really good for the DRC people to have both heavy weights incentivised to work closely together and it might just keep the Chinese more honest in production. Obviously all the corrupt ***** get away with murder, but for the Manono community & overall DRC civilians it presents a really good opportunity.

It could even help ease tensions between the US & China, maybe Trump is reminding Xi with the Tariff discussions that they've allowed China to keep the North of Manono

Spare me the niceties Scoota ole mate, just show us the money son !

China can hold hands with the US or duke it out, couldnt give a fark.

Investment dream is dead, its all about fair compensation now.....whatever that is.

One thing i do hope tho, that this " peace deal " becomes the pivot for the poor suffering locals in DRC to garner a better standard of living.

Will it happen ?

As long as FT is president, i highly doubt it.

DRC is a cesspit.

 

[Papst]

I just checked the responds to Kobolds Linkedin post again and noticed a Zinjin Metallurgist appreciating the AVZ/Kobold deal and somehow claiming to support them. In whatever way...

 

[oxxa23]

I just checked the responds to Kobolds Linkedin post again and noticed a Zinjin Metallurgist appreciating the AVZ/Kobold deal and somehow claiming to support them. In whatever way...

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Fair pick up there papst

 

[Papst]

Also interesting is this guy. Eventhough his imminent involvement appears not less vague..

 

[JasonM]

As long as AVZ does not publish an explicit request to shareholders that ALL shareholders must be registered with Automic in order to receive, for example, a special dividend or other special payment, I believe that custody at the custodian bank is sufficient.

Normally, the bank is the registered holder, but it acts for and on behalf of the beneficial owner, which is me.
It is the same for me: my shares are held by my bank (DKB) at a custodian or partner bank.

I assume that in the event of a TO, or any kind of end to AVZ, the shareholders will be informed of how to proceed.

I would not currently transfer the shares to another broker in advance for no reason, which would also enable them to be held at Automic, and this would probably involve costs.

At the moment, however, nothing is clear and I remain on hold.

Or does anyone have any specific information about this?

I held avz shares in different trading accounts, namely comsec and ibkr. they were removed from comsec and so I set them up in automic. I contacted interactive brokers at the time to request options, they said I could leave them with them and so I have. The shares still show up in my ibkr account however they have been marked down to 0.15 though. I figure I'll leave them there also and hopefully collect the cash from my ibkr account.

 

[DiscoDanNZ]

View attachment 85389

Not all moderation is bad, for example this thing needs to be hit with the ban hammer:

 

[Papst]

I held avz shares in different trading accounts, namely comsec and ibkr. they were removed from comsec and so I set them up in automic. I contacted interactive brokers at the time to request options, they said I could leave them with them and so I have. The shares still show up in my ibkr account however they have been marked down to 0.15 though. I figure I'll leave them there also and hopefully collect the cash from my ibkr account.

0.15 Dollar? How would they come up with such valuation??

My German brokers still lists them with the last trading price of 0.519 EUR. However, the asset is not counted to the total value of my account.

I did not register with Automic, yet. Actually, I get regularly snail mail letters from my broker regarding aussie stocks I hold. Apparently, companies sometimes request that all stock holding institutions to communicate personal data of the holding individual. However, according to German data protection law, they are obliged to inform me about that process. Happend also before various key milestones of AVZ and other companies. So somehow it appears as if the companies indeed know I am a holder of given stocks. Didn't happen with AVZ since long time, though... might be since delisting, but I didn't take reccords, unfortunately.

 

[DiscoDanNZ]

Was 100% sure they were a bot until they recognised a joke.

 

[JasonM]

0.15 Dollar? How would they come up with such valuation??

My German brokers still lists them with the last trading price of 0.519 EUR. However, the asset is not counted to the total value of my account.

I did not register with Automic, yet. Actually, I get regularly snail mail letters from my broker regarding aussie stocks I hold. Apparently, companies sometimes request that all stock holding institutions to communicate personal data of the holding individual. However, according to German data protection law, they are obliged to inform me about that process. Happend also before various key milestones of AVZ and other companies. So somehow it appears as if the companies indeed know I am a holder of given stocks. Didn't happen with AVZ since long time, though... might be since delisting, but I didn't take reccords, unfortunately.

no idea how they came up with that valuation. it seems reasonable to mark down the valuation given it was delisted but seems a bit arbitrary to come up with $0.15aud. anyhow it doesnt bother me, I know its true worth and its a lot higher than that. its amazing how many people have written avz off, its been dark at times but have always maintained the belief we would get out of this somehow. fingers crossed.

 

[Exo324]

Honestly, that $0.15 valuation looks more like a placeholder than anything tied to real price discovery. Brokers sometimes assign arbitrary values for internal accounting when a stock’s suspended or delisted — it doesn’t mean there’s actual market consensus at that level.

The last traded price of €0.519 is probably the most accurate snapshot of its former value, but since the asset is non-tradable now, brokers usually exclude it from portfolio NAV. It’s frustrating, but pretty standard in cases like this.

If you haven't registered with Automic, that might explain why you're not receiving company updates — post-delisting, the share registry becomes your direct link to the company. It’s worth registering, just in case any corporate action (like relisting, asset distribution, etc.) comes up.

Until there’s real movement — whether through relisting, a buyout, or liquidation — the true value is basically unknown. All we can do for now is stay informed and make sure we’re properly registered to not miss any updates.

Is this a chatgpt reply or do you just have multiple personalities ?

 

[DiscoDanNZ]

Is this a chatgpt reply or do you just have multiple personalities ?

Multiple operators

 

[Xerof]

Leopards and spots

exit stage right enter stage left

 

[Retrobyte]

If it makes a difference , your avatar picture is a thing of beauty....

And in good news, she has an identical twin!

 

[RHyNO]

Capital return please. I'd like CGT rather than getting reamed for tax.

Agree mate, just curious perhaps you or someone else here might know this. To get the CGT discount, does the company have to relist? Or does Nigel have to shut AVZ down and return capital as you say? What are your and others thoughts on this process?