AVZ Discussion 2022

[Carlos Danger]

Unfortunately we do not have a tax treaty with the DRC so double tax is a risk which makes it so important to make sure the correct entity is sold/ taken off our hands.

AVZ can always pay taxes but they have to be from profits. If the company is given income then sure, a profit can be booked. If the company is given a capital offer for scrip, then it will need to be passed on as capital to shareholders.

I’m sure Nigel has all this information in his briefcase.

Yeah I don't think that will be the end result but it is the only scenario I can think of that would result in a franked dividend

There was some talk of a tax waiver being sought by Nigel on the DRC end (if applicable) which would ease the risk of double taxation but it would still be due in Australia or possibly SIngapore in some form imo

I'm sure the bod will maximise tax benefits for shareholders wherever they can

 

[JAG]

 

[BRICK]

Peace, you say? Hot off the press ....




The most concerning line in the video was "no more electric tanks"

Well no need for the viagra tonight...

 

[Woogr]

I’m hoping for relisting and a special dividend at some point in the future so LTH can sell on market and access CGT discount. Much like PSC, but of course they never delisted.

 

[BRICK]

The Asx is fucked by algos and shorters, pumps and dumps, hot crapper is fucked by trolls (fuxk you names little) (but they got hoots so fuck you hoots) and now the last outpost has been stormed after years of self management.

What a shame. Where’s @zeebot???

 

[KentCStrait]

I’m hoping for relisting and a special dividend at some point in the future so LTH can sell on market and access CGT discount. Much like PSC, but of course they never delisted.

There’s a lot of confusion floating around, so let’s be clear: there will be no re-listing. AVZ is headed toward a final resolution — not a return to trading.

And there absolutely should not be a dividend, franked or otherwise. That would treat the payout as income, not capital, and shareholders would get hammered at their marginal tax rates.

What needs to happen is either:
• a share buyback, or
• a formal liquidation with a capital distribution.

Both of these would trigger a CGT event, allowing eligible long-term holders to access the CGT discount. That’s the correct structure — anything else risks handing a large chunk of the return straight to the Australian government who frankly have done fuck all to support us.

 

[CashKing]

Man wtf has happened since 3000 pages

Is it a full moon ? Every man and he’s dog is out going nuts

Relax Everyone WTF

GLTAH But Fuxking hell wow

 

[TanCA]

There’s a lot of confusion floating around, so let’s be clear: there will be no re-listing. AVZ is headed toward a final resolution — not a return to trading.

And there absolutely should not be a dividend, franked or otherwise. That would treat the payout as income, not capital, and shareholders would get hammered at their marginal tax rates.

What needs to happen is either:
• a share buyback, or
• a formal liquidation with a capital distribution.

Both of these would trigger a CGT event, allowing eligible long-term holders to access the CGT discount. That’s the correct structure — anything else risks handing a large chunk of the return straight to the Australian government who frankly have done fuck all to support us.

I would hope that a share buyback or capital distribution happen.

What makes you think that a re-listing will definitely not happen though? I think it is unlikely as well, but would have thought it is possible.

 

[oxxa23]

There’s a lot of confusion floating around, so let’s be clear: there will be no re-listing. AVZ is headed toward a final resolution — not a return to trading.

And there absolutely should not be a dividend, franked or otherwise. That would treat the payout as income, not capital, and shareholders would get hammered at their marginal tax rates.

What needs to happen is either:
• a share buyback, or
• a formal liquidation with a capital distribution.

Both of these would trigger a CGT event, allowing eligible long-term holders to access the CGT discount. That’s the correct structure — anything else risks handing a large chunk of the return straight to the Australian government who frankly have done fuck all to support us.

Likely a buyback will be out of the question... the company will still have retained profits that need clearing via dividends if they sell the project. A buy back won't enable big cgt discount amounts and not ordinary income... yes it can at times, but, practically won't be the case here.


Cgt discount will likely only be available on some company paying us cash for our avz shares or script for script...(the sell those shares eventually).

Anything above $226m will be dividends most likely... (under a buy back scenario)

 

[oxxa23]

Hopefully they will try to structure it that way then. Is there any reason you think they won't or can't?

Definitely reasons it might not happen, but, logical reasons why it could happen also...

Complete speculation atm but...

 

[KentCStrait]

Likely a buyback will be out of the question...

Yeah, nah. That AI-generated response only applies to structured, off-market buybacks during normal operations. We won’t be operating under those circumstances. Our buyback is part of a company wind-up, so CGT will absolutely apply—we’re talking about a return of capital, not a dividend. Different rules entirely. Essentially, winding up -> CGT applies. Ongoing operations -> part dividend (taxable), part capital (CGT).

 

[oxxa23]

It's highly possible a buy back is on the cards.

The capital distribution is already underway IMO.

Re-listing is 100% looking likely and the Kobold scrip offer is certainly emerging

Without that the Zijin/CCP counter offer won't happen and the Saudis are more likely to provide the best option

If none of that comes to light then definitely the US backed push from Trump with the peace deal in the mix should prevail

Other than that I suggest there's a bunch of fucked up flogs/trolls on the forum who will probably start to experience some genuine cyber heat from the appropriate authorities

Worth being aware of that......the sites been compromised

But what would I know?

See how long this post lasts

How it's taken down is noted....as all the others have been

Do you mean a sale of our shares to kobold wine? Rather than avz receiving the cash then doing a buy back?

I personally believe the former is more likely and more likely successful for cgt discount capabilities.

 

[BRICK]

Do you mean a sale of our shares to kobold wine? Rather than avz receiving the cash then doing a buy back?

I personally believe the former is more likely and more likely successful for cgt discount capabilities.

Where is winenuts post??

 

[oxxa23]

Yeah, nah. That AI-generated response only applies to structured, off-market buybacks during normal operations. We won’t be operating under those circumstances. Our buyback is part of a company wind-up, so CGT will absolutely apply—we’re talking about a return of capital, not a dividend. Different rules entirely. Essentially, winding up -> CGT applies. Ongoing operations -> part dividend (taxable), part capital (CGT).

There is only $226m of capital. The rest will be retained profits...

Anyway, not worth me going on with it any more.

Cheers

 

[ptlas]

The Asx is fucked by algos and shorters, pumps and dumps, hot crapper is fucked by trolls (fuxk you names little) (but they got hoots so fuck you hoots) and now the last outpost has been stormed after years of self management.

What a shame. Where’s @zeebot???

Last seen at Mascot carrying a large p.... b.g

 

[ptlas]

Last seen at Mascot carrying a large p.... b.g

Allegedly

 

[BRICK]

Dave’s post gone

 

[BRICK]

Ffs we’re never gonna hit 4000 pages.

Stop it you cunts!!

 

[ptlas]

View attachment 85564

That'll be the one.