As one of the people who remembers your last post on the Crapper (which I thought was valid) I find this post somewhat hypocritical.
Very few if any here have gone to the extent of selling their entire holding and largely for issues sorrounding non disclosure and misleading information from management if I remember correctly
The current shitstorm were facing has a bit of that mixed in. I'm just curious how you can go from selling everything to putting others down for having a few doubts in the current dubious situation?
No offence intended btw but what has changed?
Apart from that I agree with
@BEISHA post above 100%. We're only human and there is a lot on the line right now.
Just to clear up Sammael, regarding your comments that I sold for issues surrounding non disclosure and misleading information from management, here is a copy and paste of some of my crapper post, explaining exactly why I sold:
MoneyBags1348 833 Posts_588 Lightbulbs
09/06/21 / 15:22 / Post #: 53744714
Why I put 3 million shares for sale at $0.16 on 31/05/21. I pushed Nigel on finance at the presentation, but I pushed him harder following the presentation, both one on one, and also within a small group.
The March Quarterly Report 28/04/21 stated that we had $5.9 Million at the end of March, then the Investor Presentation on 26/05/21 stated that we had $4.5 Mil left in the bank as at March, so I assume that didn’t include the Executive’s options. AVZ’s quarterly reports show a monthly spend of around $1 Mil. At Sydney Nigel said we had $4 Mil left, but my feeling is we will be closing out June with around $2 Million left, and hopefully that’s including all costs related to lodging of MSEZ, ESIA and ML documents, further drilling and assessing of the resource, and early works requirements on road and rail infrastructure.
During the presentation Nigel mentioned that the $15 Million to acquire the extra 15% of the project will need to be paid in / by August. Later (in private) he gave a hypothetical capital raising proposition saying if $50 Mil were to be raised, it would be a dilution of roughly 10% given the companies market capital. It’s worth remembering some time ago, the agreement between AVZ and Dathomir stated that the remaining $15 Million could be paid as soon as AVZ secured $50 Million in financing.
Nigel did say to me he thought a strategic investor (CSI) coming on board would lift the SP, however, after seeing what happened with Lithium Plus, Huayou, and Yibin, I wasn’t confident the share price won’t be heavily diluted. I pondered to myself that $25 Mil would be enough to get through another two quarters, as well as pay for the additional % of the project, then looked at the markets price depth and decided to sell. One and a half million of my shares went through at $0.16 on 31/05/21 and at this stage I’m waiting before deciding on what to do with another one and a half million shares.
If a CR is needed to keep the lights on, what choices do we have
1) A strategic investor at a discount?
…. $25 - $50 Million worth of shares
2) Some suggest selling a PLS offtake with prepayment? (Not likely as Nigel said he won't do this)
This post might answer some of the questions
@BlueSkies1711 was asking about who dumped 3 Mil shares on Monday 31/05/21 as well as perhaps give
@Super yacht and answer to his post. I would have liked to have met
@Whiddon3 as I liked his post on the Sydney Presentation. I like Nigel, I liked his story about carrying around radioactive rocks in Africa without knowing. I found his answer to a question about “where did he see himself in 5 years” very interesting, and I gained a lot of information.
I posted a lot of other information, including replies to other crapper member's questions, and clearly stated why I sold.
Seems to me this forum isn't to different from the crapper with it's own sheriffs, so do me a favour and report me to Zeebot because I've better ways to spend my time than answering people's bullshit on a forum that I thought had intelligent and informing shareholders. I'm not scared of AVZ's position, I don't need to speculate or winge because at the end of the day I'm here to research and share relevant information specific to our company.
