Jesus NZ . They must be confident . NZers do not take kindly to Aussies trying to BS them .The Rugby season already finished . So no games for Nige to go to . Hell I'm feeling better about this Road Show as the days go by.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
I might also be worthwhile for a few to check their spam folders. I too thought I'd not received an email over the weekend and then randomly thought to check my spam folder after the email for the AGM came through yesterday, and lo and behold, there it was from last Friday. So I look forward to gathering with others from sunny Qld. I'm blaming Optus........... (and my own thoughtlessness)Thanks for the info @muks
Shit, I thought I was the only one in NZ who owned AVZ, lol
Unfortunately can't get to Auckland that evening, I have my daughter, SIL, and grandie arriving here that very day.
I would speculate they will call in to Melbourne for the Cup on the way over too, cunning devils
As far as questions go, lets see what gets put up AND ANSWERED at the firstshitshowroadshow, and we can persist with any that don't make the cut, and add more.
My greatest concern is will they understand our accent?
I used to hold 1,100,000 shares, so would have been invited by default, but now only have 600,000 so would just miss the cut
Winenut
GO AVZ!!!!
Hey Xerof
Yes aware of the relinquishment and the resulting impairment in the accounts for 4029 and 4030 but thanks for the reminder
Probably the greater interest was what 13359 now looks like
I get we have 100% of the tenement but what exactly has been chopped off and is not going to be included in the current ML
And of the remainder that will be subject to a further Permit De Researches will that be provided a new tenement number and are there any further conditions or developments or details around the proposed JV?
cruiser51
Top 20
‘Dummy bids part of fun’: hotcrapper trader guilty of manipulation
Liam WalshReporterJun 7, 2022 – 3.32pm
A trader who pumped up and then sold penny stocks in sectors from mining to electronic goods has pleaded guilty to share manipulation, in a historic case involving posts on website hotcrapper.
Gabriel Govinda, using the online identity Fibonarchery, even once boasted: “Dummy bids are all part of the fun and games and cat and mouse of the stockmarket!”
The plea is the first under Corporations Act provisions relating to disseminating information. James Alcock
The 40-year-old’s pleas to 23 charges of share manipulation and 19 charges of illegally disseminating information related to the manipulation, entered in Melbourne’s Magistrates Court, could entail serious penalties of jail time or hefty fines.
The Australian Securities and Investments Commission, which announced the pleas on Tuesday and had investigated the crimes, said it was the first conviction under the information dissemination provisions of 1041D of the Corporations Act.
It comes more than seven years after the crimes were committed. Still, ASIC held the case up as an example of its action against “pump and dump” schemes.
Pump and dump is when people hype up the stock to inflate its share price, selling the shares as they become overvalued. New investors nurse subsequent losses.
Govinda’s charges related to trading in shares from September 2014 to July 2015 in 20 companies. All had low-level market capitalisations on the ASX, often in the sub-$10 million range, and some could fluctuate heavily.
Stocks targeted
He was dabbling in mining exploration and resource stocks including Brumby Resources, BBX Minerals, AVZ Minerals, Zeus Resources, Stratum Metals, 3D Resources, Taruga Gold, Haranga Resources, Regalpoint Resources, Altura Mining and Alchemy Resources.Other charges related to manufacturer of trucks to mining and construction industry ORH, environmental consulting and technology provider Pacific Environment, hot water and cooling systems distributor Quantum Energy, tracking system developer Bluechiip and biotechnology outfit Sun Biomedical.
Other technology-related companies whose shares were caught up in the trading were operator of e-commerce brands Disruptive Investment, mobile phone supplier Cellnet and electronic components maker Rectifier Technologies.
Share prices in many of the shares at the time of trading were often below 10¢ for the companies. Some were below 1¢.
The illegal trading involved share purchases worth $3.1 million, excluding brokerage. ASIC said Govinda used 13 different share trading accounts, held in the names of relatives and friends, to manipulate the price.
He used techniques known as wash trading – buying and selling between accounts he controlled – which has or is likely to create a false or misleading appearance about active trading in the market. ASIC said Govinda also used dummy bids for company shares, which falsely increased the perceived demand and so price for the stocks.
‘ASX Wolf’ civil case
The dissemination charges all relate to posts he put on hotcrapper, a website for traders notorious for inflammatory commentary. “He was seeking to increase (or pump) the share price, then selling (or dumping) the listed stocks at a higher price,” ASIC said.The commission said the maximum penalty for each charge is 10 years’ imprisonment or fines of up to $765,000, or both. The matter had been adjourned to a mention hearing for July 29.
Meanwhile, ASIC’s separate civil action against Gold Coast-based share trader Tyson “ASX Wolf” Scholz has progressed with a seven-day trial scheduled to be heard from August 29.
These blokes better have cracking info to share and not just spending our money going to Marlborough to sample the Shiraz!!
Samus
Top 20
Lock the bastards in there if they don't have very good news!
I'll visit NZ to throw rotten fruit at them.
I think they're actually fuckwit trolls.Does it seem to anyone else that all the blowins have started to blow in again?
Not sure why anybody engages with them as then they're just falling into the hot crapper trap and I thought we came here to avoid that
Thank you for this reminder. I'm ashamed to say that I failed to check my junk mail and it was indeed there.
So Google thinks AVZ is junk
DiscoDanNZ
Regular
‘Dummy bids part of fun’: hotcrapper trader guilty of manipulation
Liam WalshReporter
Jun 7, 2022 – 3.32pm
A trader who pumped up and then sold penny stocks in sectors from mining to electronic goods has pleaded guilty to share manipulation, in a historic case involving posts on website hotcrapper.
Gabriel Govinda, using the online identity Fibonarchery, even once boasted: “Dummy bids are all part of the fun and games and cat and mouse of the stockmarket!”
The plea is the first under Corporations Act provisions relating to disseminating information. James Alcock
The 40-year-old’s pleas to 23 charges of share manipulation and 19 charges of illegally disseminating information related to the manipulation, entered in Melbourne’s Magistrates Court, could entail serious penalties of jail time or hefty fines.
The Australian Securities and Investments Commission, which announced the pleas on Tuesday and had investigated the crimes, said it was the first conviction under the information dissemination provisions of 1041D of the Corporations Act.
It comes more than seven years after the crimes were committed. Still, ASIC held the case up as an example of its action against “pump and dump” schemes.
Pump and dump is when people hype up the stock to inflate its share price, selling the shares as they become overvalued. New investors nurse subsequent losses.
Govinda’s charges related to trading in shares from September 2014 to July 2015 in 20 companies. All had low-level market capitalisations on the ASX, often in the sub-$10 million range, and some could fluctuate heavily.
Stocks targeted
He was dabbling in mining exploration and resource stocks including Brumby Resources, BBX Minerals, AVZ Minerals, Zeus Resources, Stratum Metals, 3D Resources, Taruga Gold, Haranga Resources, Regalpoint Resources, Altura Mining and Alchemy Resources.
Other charges related to manufacturer of trucks to mining and construction industry ORH, environmental consulting and technology provider Pacific Environment, hot water and cooling systems distributor Quantum Energy, tracking system developer Bluechiip and biotechnology outfit Sun Biomedical.
Other technology-related companies whose shares were caught up in the trading were operator of e-commerce brands Disruptive Investment, mobile phone supplier Cellnet and electronic components maker Rectifier Technologies.
Share prices in many of the shares at the time of trading were often below 10¢ for the companies. Some were below 1¢.
The illegal trading involved share purchases worth $3.1 million, excluding brokerage. ASIC said Govinda used 13 different share trading accounts, held in the names of relatives and friends, to manipulate the price.
He used techniques known as wash trading – buying and selling between accounts he controlled – which has or is likely to create a false or misleading appearance about active trading in the market. ASIC said Govinda also used dummy bids for company shares, which falsely increased the perceived demand and so price for the stocks.
‘ASX Wolf’ civil case
The dissemination charges all relate to posts he put on hotcrapper, a website for traders notorious for inflammatory commentary. “He was seeking to increase (or pump) the share price, then selling (or dumping) the listed stocks at a higher price,” ASIC said.
The commission said the maximum penalty for each charge is 10 years’ imprisonment or fines of up to $765,000, or both. The matter had been adjourned to a mention hearing for July 29.
Meanwhile, ASIC’s separate civil action against Gold Coast-based share trader Tyson “ASX Wolf” Scholz has progressed with a seven-day trial scheduled to be heard from August 29.
The ASX actually thinks one poster on the crapper creates the pump and dumps that are rampant on it? At best they've spooked the big end of town from doing it, none of my holdings have had a good pump in a while which is a shame as I'm looking to pull some funds out but I'm not prepared to do it cheaply
Central Otago Pinot would be a much better move.
MoneyBags1348
Top 20
Two new and very easy short answer questions for the executives at the Roadshow
1) You state “the executive team have worked tirelessly during the last twelve months”
- What exactly have each one been doing?
2) You state “the company has been actively engaged with the highest levels of the Congolese Government”
- What DRC ministers are you referring to here EXACTLY?
- Who exactly from the company has been engaged in these discussions?
I also note that no new information relating to the outcomes or ongoing circumstances around the ICC Arbitration Case and the Dathomir Court Case have been addressed in the Annual Report
1) You state “the executive team have worked tirelessly during the last twelve months”
- What exactly have each one been doing?
2) You state “the company has been actively engaged with the highest levels of the Congolese Government”
- What DRC ministers are you referring to here EXACTLY?
- Who exactly from the company has been engaged in these discussions?
I also note that no new information relating to the outcomes or ongoing circumstances around the ICC Arbitration Case and the Dathomir Court Case have been addressed in the Annual Report
ThisTimeWin
Regular
Yeah nah mate I'm here in central otago!
These guys are sitting pretty . We still got a bank full of cash . Imagine if they needed to do CR at this point just for salaries and running costs . Is a CR without the guarantee of a favourable outcome even possible now ?
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Spikerama
Regular
You'll have to get a haircut. The Justin Beiber thing is not working.
BenGriffo
Regular
I RSVPed late yesterday saying I can't make it. Hopefully you get my seat.
And don't listen to Spike, your hair is luxurious. Most of us would kill for such locks.
Peace to our Kiwi homies. Did a year in Christchurch as a boy and have been back 20+ times for work and snowboarding.
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