AVZ Discussion 2022
- Thread starter GazDix
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looks like friday and trump was just wrong about monday.
I would expect there will almost certainally have to be an extension to the temporary suspension of ICSID. Even if the board have already pressed the green button on the Kobold deal as a public company they must seek shareholder approval to finalise the deal. Not sure of the process ie is an EGM required ?? I would have thought at least another month extension on ICSID
I have asked specifically about the process to the board and so far have heard crickets..
There's not even a top 5 leak about the price as they are in the dark to..
all will be revealed.
Personally I think it'll be an announcement along the lines of "we have sold our interest for $X, you'll get $12 rounded down to the nearest pineapple"..
No change on ICSID web site so we just got to wait until monday
HUGE week coming up for AVZ holders for sure
I agree . The next AVZ announcement will be with regards to a successful Kobold/AVZ deal IMO. I'm reminded of this saving face paragraph recently by the Comminere mouth piece after Kobold/USA gave them the cold shoulder.
"In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future."
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Hodlandwin69
Regular
Trump seems to think the signing is next week Monday or Tuesday.....
Skar
Regular
Read the company constitution, the board only need shareholder approval if they want a special payment for themselves as par of the sale. Otherwise because we are no longer listed and subject to ASX listing rules, no shareholder approval is needed to sell the primary asset.
Skar
Regular
I doubt Trump knows the difference between DRC or ROC (or gives a shit). So I would think Friday is more likely.
When you operate at the executive layer you lose grasp of the details and deal more with concepts, strategy and vision, it becomes about delegation higher up. He would probably say something like "we used to make great cars now China are killing us, we need to crush China and start making great cars again", then his ministers, advisors and aides would tell him "China has a stranglehold on global critical minerals so to regain ground US will need to regain control of the supply chains", which explains Trumps focus on Greenland, Africa and Ukraine. His ministers and ambassadors would do all the work gathering info, negotiating, executing etc, Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics.
Its also why AI is an interesting element on the nature of life/work going forward because it lets everyone replicate that setup, it could be very empowering or people could keep being lazy/lose relevence.
Winenut
GO AVZ!!!!
'Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics"
Also operates very much the same way in larger businesses IMO
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Ok thanks Skar. I thought the sale of principal asset rule was an ASIC thing and as a public company ( albeit delisted ) still applied but i have not read our constitution but am aware that depending on constitution this rule can vary
Definitely a positive if that is the case as this whole deal can be brought to a resolution hopefully this week
Re Trump saying Monday or Tuesday iam much more inclined to take notice of the tweet from Rubio
Three years and we almost there. Heres hoping for a decent result
Spikerama
Regular
Under Section 208–210 and Section 611 of the Corporations Act, it is likely AVZ will be required to seek shareholder approval. Especially if it changes the ownership structure of the project or company or involves a related party transaction.
Even though AVZ Minerals was delisted from the ASX, it remains a registered public company under Australian law (Corporations Act 2001) and must follow it's obligations under this act.
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Spikerama
Regular
AVZ vs DRC @ ICSID - Final Countdown
Countdown to the ICSID tribunal of AVZ vs DRC (Congolese).
avz-icsid-final-countdown.netlify.app
LOL for something that purportedly doesn't matter to him Trump sure does mention his lack of a Nobel Prize a lot. He's such a self aggrandizing dropkick. But I'll happily cuddle him to sleep with any happy endings needed should he sort this mess out and we end up with a reasonable outcome.
Carlos Danger
Top 20
KoBold are not a related party and they won’t be directly buying out our shares so none of those sections are relevant imo
Mouthpiecenomnom
Regular
Yes. I think what is happening is he is getting his photo op day (which is all about him) mixed up with the real day (which to him is "whatever" some time this week). The mainstream media will pick up on this story on his day. He will attempt to use it to control a media cycle of?? Maybe a few days max?. This is his perogative as US president of course. You have to admit the US absolutely did not f=+k around here with rwanda/drc.
Yep th
Yep the devil is in the detail for sure. We dont know how the deal will be structured, we dont know the exact date , we dont know the amount and we dont know when and how we will receive the amount but we do know there is now a very high probability the deal will be done this coming week. Happy days for sure
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