Haha same!He lost me at Dominican Republic of Congo.
Haha same!He lost me at Dominican Republic of Congo.
I believe CATH put $20mil in escrow which would be returned to them along with an additional $20mil break free from AVZ if we were to be the ones to break the deal. So effectively yes but the 'Deposit' is held by a third party.I could be wrong but isn't it the $20m break fee + $20m "deposit" owed to CATH?
I wonder the same - while the cat was away the mice were at play.We know Nigel stayed in Perth during the entire covid saga. I wonder if that gave the corrupt pricks in DRC extra time to really get in with the people involved in delaying progress
Thanks Sam, I knew there was another $20m involved.I believe CATH put $20mil in escrow which would be returned to them along with an additional $20mil break free from AVZ if we were to be the ones to break the deal. So effectively yes but the 'Deposit' is held by a third party.
Wife comes home and plonks her bag down in front of me.
It must be an omen.
He lost me at Dominican Republic of Congo.
Which Roadshow location are you attending?I don't know, people seem to forget that these court cases came to light many months before Der geist started forcing the issue on twitter. When the issues did come to light shareholders were the first ones to dismiss it based on circle jerk mentality and very vague assurances from Nigel (off market) that it was 'rubbish'.
The issues were known but shareholders also failed in forcing the BOD's hand to do something when it was still fresh. Instead the BOD seem to have ignored it right up until the point of suspension despite hopes that it had been otherwise behind the scenes and that they might be on top of things.
Point of this post, fucked if I know. I think the BOD has been lacklustre in their duties but also we shareholders have shot ourselves in the foot by not being collectively harder on them over the years. Hopefully a situation that can be remedied in future aided by platforms like tse as opposed to the us vs trolls/shorters/downrampers/fuckwits (them) mentality of platforms like HC.
Anyway I know it's only part of a complex equation but I've been a bit disappointed in what the BOD seems to get away with personally, can't seem to take anything they say on face value which is a shame. Makes it difficult have much faith in one's investment beyond it being a much needed lithium deposit that must be mined one way or another for the world to meet it's aspirations.
Melbourne, if I can muster up the enthusiasm during the course of next week.Which Roadshow location are you attending?
@MoneyBags1348
My thoughts were AVZ would break the deal rather than Cath walking away. The reason being we aren't tied to giving up 24%. But I agree, I'd imagine they would happily negotiate a lower %
In hindsight I think they would have been better to get on the front foot rather than trying yo sort this out from 2 steps behind but that's the rose tinted hindsight glasses.It's true but I think we need to consider how corruption muddies the waters in what otherwise might be a clear cut situation.
It's fairly clear at this point (imo) that the ASX heve decided whatever justification AVZ have give for the seeming lack of disclosure is credible.
Stands to reason to me that the ASX probably knows far more about the situation than we do and have let the suspension stand based on that information.
Full disclosure on corrupt practices of another sovereign nation against the actual law gives a bit of leeway for consideration outside of what otherwise might seem an open shut case imo.
It's been said before but there is clearly something in it or the voluntary suspension would not have stood for as long as it has to date.
None of this means that the company couldn't have started acting on the situation a lot sooner. I'm inclined to agree that they've stayed in their little Perth bubble sucking up wages and freebies as our asset has been undermined and threatened while they've known this type of situation has been a huge risk for us all along.
All,
Please see below from the other thread QUESTIONS TO ASK NIGEL.
Thanks @BEISHA
REFINEMENT OF QUESTIONS TO ASK NIGEL / BOD FOR UPCOMING PERTH ROADSHOW 31 / 10/12
@JAG / other............Before you ask the questions below, you might want to make it known that you are the spoke person for a large entity of shareholders big and small, just adds another layer of heat / importance to the BOD....
1) When were you aware of the Zijin / Cominiere transaction of 15% and why you did not disclose this information to the ASX / AVZ shareholders ?
2) When were you aware of Dathomir / Simon Cong disputing the 15% transfer to Dathcom / AVZ and why you did not disclose this to the ASX / AVZ shareholders ?
3) Is the BOD compliant with LISTING RULE 3.1 of the ASX code ?.........CONTINUOUS DISCLOSURE.
" A ENTITY MUST DISCLOSE ALL INFORMATION CONCERNING IT THAT IT BECOMES AWARE OF FROM ANY SOURCE AND OF ANY CHARACTER, IF A REASONABLE PERSON WOULD EXPECT THE INFORMATION TO HAVE A MATERIAL EFFECT ON THE PRICE OR VALUE OF ITS SECURITIES "
May i remind you, there was a MASSIVE sell off just after the award of the Mining License decree, was there inside information behind that ?
4) Is the end of extension of suspension of AVZ shares relying on the outcomes of ICC arbitration regards to Zijin ( April 2023 ) and / or Dathomir / Cong ? Are there any updates to these court cases that you can share ?
5) Are these 2 disputes the reason for the extension of suspension or are there other complications, such as the exploration permit regarding CDL , surface rights payment or other ?
6) How are the two court cases with Dathomir / Zijin effecting the JV relationship with CATH and their 24% interest in
Manono ?
What happens if we lose both court cases, therefore relinquishing 51% control if we assume CATH is still in the frame ?
Do you have a PLAN B ?..........aka ditching CATH and seeking out an alternative JV arrangement possibly with the US / Europe ?
7) Was the important items such as UPDATED DFS, SEZ, BFS etc delayed massively because of all these disputes ?
8) Why does the BOD have very little ownership of AVZ shares compared to the chinese entities ?
DO you foresee a problem going forward regards to voting rights ?
9) Are you in close communication with the president Felix Tshisedeki regards to the court cases of Dathomir / Zijin or is it just with lower level Govt personnel at this stage ? Does Felix Tschisedeki acknowledge the IGF report and why is it taking so long for that report to be enacted ?
10) What time frames can you offer up regards to construction / production of RD given this long drawn out dispute which is now 6 months and could be longer ?
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If you are all happy with me being the spoke person for these questions please advise.
I think most wish they'd handled things a bit differently, that goes for a lot of the shit before this as well.Very true, I see it as a positive that it hasn't been broken, a downramper could say its because we're screwed and know we aren't going to get there but I would argue that AVZ has been trying to do things right from the get go. A deal is a deal sort of perspective from the BOD. Also the fact CATH haven't told us to fuck off/cut and run is another positive. Unless your a downramper then you might say they've only stuck around to save their 20m.
In hindsight I think they would have been better to get on the front foot rather than trying yo sort this out from 2 steps behind but that's the rose tinted hindsight glasses.
I've said it before and I'll say it again, morale of the story is we don't know shit and all we have is rumours and vague ASX releases to go off. For richer or poorer it will all come out in the wash.
I am sure about respected.
You certainly are.
For me, this place came of age when @BEISHA and that lightweight @MoneyBags 1348 made their peace.
Two other guys that I respect and who show respect.
Never happened on the crapper. Never will.
jag asked me a similar question, not sure what the protocol is, but personally, better to ask the questions on the day, not submitting prior, that way it gives the BOD less time to create a " spin "........Thank you for compiling those questions, pretty happy with those questions and happy for @JAG to represent us.
Previously did @MoneyBags1348 mention that we can email those questions before hand and NF usually answers them after the pretty powerpoint presentation?
Thank you, sorry I may have interpreted it the wrong way, thank you for clarifying itYour killing me pt
@Rediah, I didnβt suggest emailing the questions to Nigel, if people are being open and honest and know what the situation is they should be able to just answer without any prior warning. If Nigel has been told by the BOD what to say, heβd be better to remember we are still on his side, whereas the BOD are getting paid for doing nothing!!
@BEISHA and @JAG I for one am happy you two have taken the initiative to prepare questions ahead of time and also happy with the questions you have raised.
Might not hurt to refer to the recent Annual Report where they stated they were positive the suspension will be lifted soon (page 5) and confident of a positive outcome for both the ML and FID (page 9).
If possible it would be good if others here who live in WA could contact you and add additional support as they may try and limit the number of questions you ask. Nigelβs method to shut me down was to say itβs time for refreshments.
Only other question is whether you will be taking tennis racquets or trudgeons?
@Ashlee, I tried and failed at match making Wombie and Nells and I know Sam is already spoken for but @Frank is available and knows his way around Melbourne, let me know your star sign and if you can give a good neck and shoulder massage and I see what I can doβ¦. Just donβt let me get my hopes up like bloody Wombles did!
@Nbaz and @DiscoDanNZ, AVZ canβt afford to to back away from the CATH deal and Iβm pretty bloody sure neither wants toβ¦. Biggest Li Battery producer in the world and the worldβs biggest and best hard rock Li Mine. Itβs a match made in Heaven
A little like like @Ashlee and @Frank perhapsβ¦. I know both are appalled by my unacceptable, course and vulgar expletives![]()
You are making me blush dude.....I am sure about respected.
You certainly are.
For me, this place came of age when @BEISHA and that lightweight @MoneyBags 1348 made their peace.
Two other guys that I respect and who show respect.
Never happened on the crapper. Never will.
Not sure any response will be worthwhile on that one11) You mentioned that you are confident that the shares will be traded soon. What timeframe are we talking about?
And maybe a question about what happened with the mining license.
Do you go to perth jag? Make some fire under BODβs asses!
IMO they read this every day like most SHs, so they know the possible questions coming, SH anger or hype, positive and negative posters. They have probably matched most nics up with actual SH names too and created a dossier?jag asked me a similar question, not sure what the protocol is, but personally, better to ask the questions on the day, not submitting prior, that way it gives the BOD less time to create a " spin "........
Either way, we need answers dude !
IMO they read this every day like most SHs, so they know the possible questions coming, SH anger or hype, positive and negative posters. They have probably matched most nics up with actual SH names too and created a dossier?
Well they, the BOD have been doing SFA for 6 months so might as well create a SH list of friends and foes.
These RSβs will be fireworksif no new news. RIO, I hope you are JVing with us and/or T/O soon after ML.
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Of course they have a dossier on trouble makers ..... Nut /Bags/Titts/ Sam plus throw in JAGIMO they read this every day like most SHs, so they know the possible questions coming, SH anger or hype, positive and negative posters. They have probably matched most nics up with actual SH names too and created a dossier?
Well they, the BOD have been doing SFA for 6 months so might as well create a SH list of friends and foes.
These RSβs will be fireworksif no new news. RIO, I hope you are JVing with us and/or T/O soon after ML.
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