AVZ Discussion 2022

[Chilla]

" Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "

What a incredibly arrogant statement to make if that is indeed true......

If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!

But maybe that would be a waste of time................ASIC is a toothless tiger.....

And nobody immediately followed up with "do you not see it as a conflict of interest?" the fact they are trying to get ground off us actually makes it our business as shareholders Nige.

Completely agree. The biggest issue that needs resolving here is the AJN 10% stake. Nigel needs to address this conflict of interest at the AGM

Send an email direct to John Clarke insisting he have Nige remove this conflict of interest immediately so that Nige position remains tenable.

I have sent an email as Nige 10% shareholding in AJN...the company trying to steal 50% AVZ main asset, is a direct conflict to his duties and responsibility as MD of AVZ and is in conflict of AVZ policy for being a Director.

jclarke@avzminerals.com.au

 

[M.Bison]

The AJN 10% ownership is absolutely a non issue. If you think it’s one of our biggest problems then you need to take a large step back.
I’d be surprised if AJN is still operating in the DRC in a couple years.

 

[Mr Inappropriate]

" Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "

What a incredibly arrogant statement to make if that is indeed true......

If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!

But maybe that would be a waste of time................ASIC is a toothless tiger.....

It’s a clear and present conflict of interest that should be of concern all AVZ shareholders.

That Nigel says he will prioritise AVZ’s interests over AJN‘s is utterly irrelevant. He does not need to take an overt action for that conflict to arise - it is inherent due to his ownership in AJN.

The hint is in the title, Nigel: Conflict of Interest.

 

[BEISHA]

THE CYCLE OF EMOTIONS OF A AVZ HOLDER............................PRE ML DECREE / POST ML DECREE / AVZ ROADSHOWS


a) PRE ML DECREE

b) POST ML DECREE

c) AVZ ROADSHOWS

4 MORE DAYS UNTIL THE AGM

Tough questions will be asked..........answers will be required !!

Information will be revealed on a OPEN FORUM..............for ALL shareholders to be informed.

Good luck trying to tone me down......

The wife of 21 yrs has tried..............



imo

 

[Samus]

AJN has the potential to become an issue, AVZ shareholders need to learn not to sweep things under the rug.
We're in suspension because of similar problems. I was very concerned about the court cases reported in DRC last year but shareholders created the false narrative that it wasn't an issue and even ridiculed those that were concerned.
I wasn't that comfortable with the way Nigel dealt with that part of the discussion at Melb preso.

 

[MoneyBags1348]

Get all this, but from Nigel's perspective, if he believes AVZ will get the 'northern' as expected, and that the AJN application is just that, of no merit or chance of success, then there is no conflict of interest, especially given he is no longer involved in the management of that company. Whether he sells or holds is none of our business, IF THIS IS THE CASE

and @MoneyBags1348 , you're out of order with your comments to @Nellie17. JMO.

No worries X, I know you think most of my comments are out of order…. Only time you’ve really ever interacted with me was when you thought I might have had a direct line of communication with Nigel and you went on to tell me you were a sophisticated investor.

Nells started the first joke with me months ago, posting a picture of a black man with a comment which she later removed. Didn’t worry me, I’ve had lots of jokes with her since and as far as comments about big breasts, she’ll admit she put it out there first

Taking your opinion into account, I’ve removed my posts so you can go back to having your sophisticated conversations

 

[DiscoDanNZ]

It’s a clear and present conflict of interest that should be of concern all AVZ shareholders.

That Nigel says he will prioritise AVZ’s interests over AJN‘s is utterly irrelevant. He does not need to take an overt action for that conflict to arise - it is inherent due to his ownership in AJN.

The hint is in the title, Nigel: Conflict of Interest.

What's it currently worth? I wonder if Nige would be keen to put it up as a raffle prize at the AGM, all proceeds from the raffle go towards AVZ

 

[JAG]

View attachment 21842

Too cryptic for me. Spill, dude…

Not a bad first dive

 

[Doc]

Not a bad first dive

That’s the problem here.
By now we should be eating lobster at the finest restaurants around the world, instead we now have to catch our own!!

Ahh to be an AVZ holder. Good times

 

[Chilla]

What's it currently worth? I wonder if Nige would be keen to put it up as a raffle prize at the AGM, all proceeds from the raffle go towards AVZ

The conflict is not what its worth now!

The conflict is what is it worth if AJN are successful in stealing the north??

That potential huge windfall for Nige conflicts with his duty and responsibility to AVZ shareholders to have no relationships or associations that have the potential to harm, damage, devalue AVZ.!!!!

Everyone will be crying foul if that happens and bitching that Nigel had a conflict of interest all along.....and talks of law suits will ensue.

Better for him and AVZ to remove the conflict immediately.

 

[Hemicuda]

I hope you or the Co are paying attention to these threads Nige,,, tick tock

 

[Mr Inappropriate]

The conflict is not what its worth now!

The conflict is what is it worth if AJN are successful in stealing the north??

That potential huge windfall for Nige conflicts with his duty and responsibility to AVZ shareholders to have no relationships or associations that have the potential to harm, damage, devalue AVZ.!!!!

Everyone will be crying foul if that happens and bitching that Nigel had a conflict of interest all along.....and talks of law suits will ensue.

Better for him and AVZ to remove the conflict immediately.

I can’t like this enough, @Chilla

 

[Flight996]

The conflict is not what its worth now!

The conflict is what is it worth if AJN are successful in stealing the north??

That potential huge windfall for Nige conflicts with his duty and responsibility to AVZ shareholders to have no relationships or associations that have the potential to harm, damage, devalue AVZ.!!!!

Everyone will be crying foul if that happens and bitching that Nigel had a conflict of interest all along.....and talks of law suits will ensue.

Better for him and AVZ to remove the conflict immediately.

Chilla

You make some interesting points.

NF sits on AVZ's board and gets to discuss and vote on all matters AVZ. He is also a major shareholder of AJN, which is attempting to steal AVZ's exploration ground (if recent AJN announcements are genuine).

While he must declare his interest in AJN prior to every board discussion about AJN, it is up to the board to determine on a case-by-case basis whether he is conflicted. However, this is not a transparent or efficient way to do business, and fails to remove the perception of conflict. It also has the potential to influence how board members discuss AJN on the sidelines (outside board meetings).

It would be far better for there to be no perception of mixed loyalties. The board should act on this.

Cheers
F

 

[Rediah]

In the Brisbane RS, AJN’s conflict of interest was brought up that he holds substantial percentage and he should just get rid of it.

NF looked up and after a brief pause he replied that he won’t sell it. And even if he wants to, it will take forever to sell all, as he could only sell 9000 shares a day. Then someone corrected him and said it’s 120k a day. But NF said regardless it will take time to get rid of them. (Maybe as a non executive of AJN he can’t dump it in one go).

NF stance was he has done nothing wrong and has his legal team’s backing.

 

[Bray]

I think one should not forget Nigel is human and just like anyone who is money driven he is going to take his personal interests over others for himself and his family.
The AJN holding seems like a security blanket.. if things go tits up he has a nice holding of another potential company/$$$

 

[DiscoDanNZ]

In the Brisbane RS, AJN’s conflict of interest was brought up that he holds substantial percentage and he should just get rid of it.

NF looked up and after a brief pause he replied that he won’t sell it. And even if he wants to, it will take forever to sell all, as he could only sell 9000 shares a day. Then someone corrected him and said it’s 120k a day. But NF said regardless it will take time to get rid of them. (Maybe as a non executive of AJN he can’t dump it in one go).

NF stance was he has done nothing wrong and has his legal team’s backing.

I personally believe that NF wouldn't do anything to conflict or harm AVZ's interests however the fact that he has this interest in a competitor is going to be a cause for concern and contention until we have the northern part of the tenement in concrete and AJN is fucked off.

Prove us wrong Nigel.

 

[M.Bison]

The conflict is not what its worth now!

The conflict is what is it worth if AJN are successful in stealing the north??

That potential huge windfall for Nige conflicts with his duty and responsibility to AVZ shareholders to have no relationships or associations that have the potential to harm, damage, devalue AVZ.!!!!

Everyone will be crying foul if that happens and bitching that Nigel had a conflict of interest all along.....and talks of law suits will ensue.

Better for him and AVZ to remove the conflict immediately.

From an optics point, selling seems the logical thing to do. However I don't think its that simple. There are some obvious advantages of holding 10% of a competitor is there not?
And yes there is a windfall, but people are allowed windfalls including CEO's. I think there is also the incorrect assumption here that management give any credit to these claims. Its just more bullshit flowing out from the usual suspects. I don't know if anyone else got this vibe, but they VERY clearly think that AJN is a non factor.

 

[BEISHA]

Get all this, but from Nigel's perspective, if he believes AVZ will get the 'northern' as expected, and that the AJN application is just that, of no merit or chance of success, then there is no conflict of interest, especially given he is no longer involved in the management of that company. Whether he sells or holds is none of our business, IF THIS IS THE CASE

and @MoneyBags1348 , you're out of order with your comments to @Nellie17. JMO.

Lets just say that Nigel better pray that AJN is indeed NOT involved in CDL in any way.............or he wont have a job, there would be a NO CONFIDENCE motion put against the entire BOD.

It makes it very smelly when Nigel comments on the perth RS, that the northern section of CDL has MICA in it..........dont you think ?

imo

 

[Chilla]

From an optics point, selling seems the logical thing to do. However I don't think its that simple. There are some obvious advantages of holding 10% of a competitor is there not?
And yes there is a windfall, but people are allowed windfalls including CEO's. I think there is also the incorrect assumption here that management give any credit to these claims. Its just more bullshit flowing out from the usual suspects. I don't know if anyone else got this vibe, but they VERY clearly think that AJN is a non factor.

AJN is a listed company and cant be making announcements on their exchange that are lies ..... can they?

Nigel has a Fiduciary Duty to AVZ and shareholders not to have relations or associations that could harm, damage or devalue AVZ and its assets. His 10% holding in AJN is a direct conflict of this fiduciary duty to AVZ.

Nigel receiving a windfall from AJN if they are successful will be a direct conflict with AVZ, as AVZ will lose value and be damaged at AJN expense.

Nigel only resigned from AJN on 8 May 2022.

Announcements from AJN on their exchange dated 8 Feb 2022 and 19 April 2022 would indicate that the plan to steal CDL northern section was arranged between these dates ..... whilst Nigel was still a director.

Clear Conflict imo.

 

[Chilla]

If you havent looked at the AJN announcements...here they are...make up your own minds!

8 Feb 2022

https://img1.wsimg.com/blobby/go/5a49fbec-1991-48cc-bcb2-3fda66468813/downloads/February%208%2C%202022%20-%20AJN%20enters%20into%20MoU%20with%20DR.pdf?ver=1667305996026

19 April 2022

https://img1.wsimg.com/blobby/go/5a49fbec-1991-48cc-bcb2-3fda66468813/downloads/April%2019%2C%202022%20-%20DRC%20Government%20endorses%20the%20M.pdf?ver=1667305996026

11 May 2022

https://img1.wsimg.com/blobby/go/5a49fbec-1991-48cc-bcb2-3fda66468813/downloads/AJN%20NR%202022%2005%2011%20Financing%20%26%20Resignation%20Dire.pdf?ver=1667305996026

1 Nov 2022

https://img1.wsimg.com/blobby/go/5a49fbec-1991-48cc-bcb2-3fda66468813/downloads/AJN%20NR%202022%2011%2001%20Licence%20Requests_MOU%20with%20DR.pdf?ver=1667305996025