AVZ Discussion 2022

[Chilla]

Australian Public company CEOs have a large amount of authority when backed by their Board who have the Shareholders delegated authority.

But it might not be presented in a way that it's AVZ suggestion or initiative. If DRC government or regulator requires or insists on a percentage relinquishment when transferring from PR to PE then this is not an A/EGM issue. It's not Dathcom/AVZ decision to make.

The value of the excluded part is also not proven, I.e not drilled and certified it can therefore not be valued and officially seen as giving half the company asset away.

In O&G that I'm familiar with, operators have to relinquish acreage knowing very well that more resources are in the original exploration permit but without drilling and proving it they cannot hang on to it.

Unfortunately past experience with Klaus makes one think that he and his DRC and Chinese backers are more likely to screw us over than 'help'. If NF only found that out in May then indeed, many many questions to answer

I cant agree.

AVZ have stated PR13359 has a target resource of 1.5-2.0 Billion Tonnes. That means the Northern section according to AVZ has just as much resource expectation as the southern section and in their own words have announced CDL is likely a bigger pegmatite than RD. Just because they havent poked as many holes in it to define like they have RD....doesnt mean it holds less future value than RD does. Therefore it remains a significant asset of the company and the BoD are not allowed to dispose of significant assets without gaining shareholder approval to do so.

Likewise if it is illegally taken from AVZ...then the BoD have a duty to shareholders to take all legal means available to them to recover it.

Reading the AJN announcements...it would appear AJN were pursuing the Manono project at least as early between 8 Feb 2022 and 19 April 2022 if not earlier and Nige was a Director at this time.

 

[Chilla]

I cant agree.

AVZ have stated PR13359 has a target resource of 1.5-2.0 Billion Tonnes. That means the Northern section according to AVZ has just as much resource expectation as the southern section and in their own words have announced CDL is likely a bigger pegmatite than RD. Just because they havent poked as many holes in it to define like they have RD....doesnt mean it holds less future value than RD does. Therefore it remains a significant asset of the company and the BoD are not allowed to dispose of significant assets without gaining shareholder approval to do so.

Likewise if it is illegally taken from AVZ...then the BoD have a duty to shareholders to take all legal means available to them to recover it.

Reading the AJN announcements...it would appear AJN were pursuing the Manono project at least as early between 8 Feb 2022 and 19 April 2022 if not earlier and Nige was a Director at this time.

For further guidance, the 50% of PR4029 and 4030 that were relinquished is no issue because the company had not fulfilled any of the work required to maintain those permits. PR13359 is a single permit and the company and Dathomir have undertaken more work than required to maintain full title to the permit as a whole as its not multiple permits but a single permit.

 

[Nellie17]

For further guidance, the 50% of PR4029 and 4030 that were relinquished is no issue because the company had not fulfilled any of the work required to maintain those permits. PR13359 is a single permit and the company and Dathomir have undertaken more work than required to maintain full title to the permit as a whole as its not multiple permits but a single permit.

You have no idea why the Northern section of CDL was relinquished by AVZ (if it was at all), so why not wait until we are officially told. If it has been relinquished, I would be hoping there was a good reason for it to happen.
I'll be attending the RS tomorrow night in Brisbane, so hopefully I will get a few answers for myself then.
I read that you will be going to the Melbourne RS later in the week, so why not wait until then to hopefully get your answers, instead imo, of continual scaremongering.

Cheers,
Nells

 

[whales]

For further guidance, the 50% of PR4029 and 4030 that were relinquished is no issue because the company had not fulfilled any of the work required to maintain those permits. PR13359 is a single permit and the company and Dathomir have undertaken more work than required to maintain full title to the permit as a whole as its not multiple permits but a single permit.

PR13359 As a single permit.
I hope you are right and Momentum have documents to prove it.
Great question for the next Road Show.

 

[BEISHA]

Come to think of it....i never did understand the purpose of Nige's trip to Germany and meeting with Axino Capital.

Did Nige have the AVZ hat on or did he have the AJN hat on? ....was he looking for capital for AJN at the time?

Anyone any thoughts on this?

 

[whales]

PR13359 As a single permit.
I hope you are right and Momentum have documents to prove it.
Great question for the next Road Show.

Always thought that Roche Dure and CDL were separate tenements .

 

[Chilla]

You have no idea why the Northern section of CDL was relinquished by AVZ (if it was at all), so why not wait until we are officially told. If it has been relinquished, I would be hoping there was a good reason for it to happen.
I'll be attending the RS tomorrow night in Brisbane, so hopefully I will get a few answers for myself then.
I read that you will be going to the Melbourne RS later in the week, so why not wait until then to hopefully get your answers, instead imo, of continual scaremongering.

Cheers,
Nells

You have got the wrong end of the stick. I am not scaremongering at all, just posting facts. I likely hold multiple amounts of what you hold. I am not making anything up and what i have posted is from either AVZ announcements or AJN announcements or ASX Listing Requirements or AVZ's own Corporate Governance Policy. You may not like it...i actually dont like it either....but im very concerned by the AJN action this week and the fact that Nige has some level of knowledge that AVZ shareholders are currently not aware of.

 

[Chilla]

Always thought that Roche Dure and CDL were separate tenements .

Nope...just the one single tenement.

 

[bloke383]

I cant agree.

AVZ have stated PR13359 has a target resource of 1.5-2.0 Billion Tonnes. That means the Northern section according to AVZ has just as much resource expectation as the southern section and in their own words have announced CDL is likely a bigger pegmatite than RD. Just because they havent poked as many holes in it to define like they have RD....doesnt mean it holds less future value than RD does. Therefore it remains a significant asset of the company and the BoD are not allowed to dispose of significant assets without gaining shareholder approval to do so.

Likewise if it is illegally taken from AVZ...then the BoD have a duty to shareholders to take all legal means available to them to recover it.

Reading the AJN announcements...it would appear AJN were pursuing the Manono project at least as early between 8 Feb 2022 and 19 April 2022 if not earlier and Nige was a Director at this time.

"Therefore it remains a significant asset of the company and the BoD are not allowed to dispose of significant assets without gaining shareholder approval to do so.
Likewise if it is illegally taken from AVZ...then the BoD have a duty to shareholders to take all legal means available to them to recover it."


Including going to the ICC as far as I'm concerned . Surely the board understands this , & this is why I'm still trusting Nigel when he says not to believe any other media commentary apart from our own ASX announcements . Klaus & co would lie to their own mothers if they thought they could make a dollar out it . This week will be extremely interesting & I'm hoping not to have to change my thoughts on Nigel & the BoD

 

[Chilla]

You have no idea why the Northern section of CDL was relinquished by AVZ (if it was at all), so why not wait until we are officially told. If it has been relinquished, I would be hoping there was a good reason for it to happen.
I'll be attending the RS tomorrow night in Brisbane, so hopefully I will get a few answers for myself then.
I read that you will be going to the Melbourne RS later in the week, so why not wait until then to hopefully get your answers, instead imo, of continual scaremongering.

Cheers,
Nells

I hope the information i have stated gives you some questions to ask at the RS and you get the answers you want. I dont expect you to share any of your answers btw.

 

[Chilla]

"Therefore it remains a significant asset of the company and the BoD are not allowed to dispose of significant assets without gaining shareholder approval to do so.
Likewise if it is illegally taken from AVZ...then the BoD have a duty to shareholders to take all legal means available to them to recover it."


Including going to the ICC as far as I'm concerned . Surely the board understands this , & this is why I'm still trusting Nigel when he says not to believe any other media commentary apart from our own ASX announcements . Klaus & co would lie to their own mothers if they thought they could make a dollar out it . This week will be extremely interesting & I'm hoping not to have to change my thoughts on Nigel & the BoD

" I'm hoping not to have to change my thoughts on Nigel & the BoD"

Same here....i sincerely hope that Nige position remains tenable as i believe he has his heart in this but he needs to get his house in order and remove the conflicts of interest.

 

[John25]

Welcome to the Hotel TSE Forum
Such a lovely place
Such a lovely Face

Remember someone told me the song is about a mental institution …its a fine line next weeks going to be a cracker GLA

 

[Xerof]

Guys, your (speculative) posts are now being paraphrased on the bird as if they are facts.

Time to shut it all down until after the AGM?

A big hi to John Bro (not)

 

[whales]

Nope...just the one single tenement.

WOW one single permit .
Explains the suspension.
The DG of CAMI hopefully receives what he deserves from FT.

 

[Chilla]

Guys, your (speculative) posts are now being paraphrased on the bird as if they are facts.

Time to shut it all down until after the AGM?

A big hi to John Brown (not)

Ohhh crap…….I thought this was a members only access. No more from me!

 

[CeckRaiseFold]

Ohhh crap…….I thought this was a members only access. No more from me!

 

[Azzler]

Guys, your (speculative) posts are now being paraphrased on the bird as if they are facts.

Time to shut it all down until after the AGM?

A big hi to John Bro (not)

I don't think we should be silenced by fear. Information is our best weapon, and through discussion and colaboration, we get the most information.
Shutting down wont help us.

 

[Birdman7]

You have no idea why the Northern section of CDL was relinquished by AVZ (if it was at all), so why not wait until we are officially told. If it has been relinquished, I would be hoping there was a good reason for it to happen.
I'll be attending the RS tomorrow night in Brisbane, so hopefully I will get a few answers for myself then.
I read that you will be going to the Melbourne RS later in the week, so why not wait until then to hopefully get your answers, instead imo, of continual scaremongering.

Cheers,
Nells

Thank you Nells. A voice of reason!

Haven’t seen a pile-on (NF) of this intensity based on pure speculation for sometime.

 

[Azzler]

Thank you Nells. A voice of reason!

Haven’t seen a pile-on (NF) of this intensity based on pure speculation for sometime.

Maybe because we're treated like shit and kept in the dark.
The fuck else do you think is going to happen?

 

[Birdman7]

Guys, your (speculative) posts are now being paraphrased on the bird as if they are facts.

Time to shut it all down until after the AGM?

A big hi to John Bro (not)

Could not agree more!!