Agree Chilla. The thing I care about is having an MD that is 100% aligned with AVZ shareholder interests. His MICA concentration comment about the northern section of CDL and reluctance to discuss his AJN holding is worrying. He has a nice opportunity to clarify this issue at the forthcoming AGM with us, the owners of AVZ.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Honestly I'm wishing that CDL never existed . I never paid it any attention . Something up our sleeve for a later date . I would have been long gone anyway . My guess is most SH don't give a f--k about Nigel's AJN holding . They want the ML for RD/sth CDL asap and to start trading again . Let the long suffering share holders have Nigel and his team's full commitment and concentration on securing the ML. Let little Johnny get his new bicycle first .
I cannot begin to imagine the pressure Nigel, Ben and others have had to deal with for the past 1-2 years. The constant back and forth with various DRC ministries and departments. Promises made to Nigel and AVZ taken in good faith, included in timelines only to be rescinded or thwarted by internal DRC machinations. The end result is usually a barrage of accusations and criticism about the uselessness of our MD and board. This piled on top of the incredibly complex issues they are faced with.
If Nigel’s connection to AJN is an issue there will no doubt be a reckoning at some point. Is now the time for that given all that is going on.
I personally believe that he and the board would have applied considerable thought to Nigel’s share holding of AJN and clearly do not see an issue with it.
Are there truly AVZ holders who believe this is a wider conspiracy involving our entire board, as the board clearly support Nigel at present.
Do I think it is a good look, absolutely not. However I see no value at all in advancing more conspiracy theories about AVZs MD or board at this point in time.
The clear message I have been able to glean from those who attended the roadshows is to ignore the noise. Be as discreet as possible when posting on social media so not to provide our antagonists with anything to drive the wedge in even further between Management and shareholders. For the most part those who attended the road shows seemed to be satisfied with the overall presentation at the various RSs.
The current thinking of some, that Nigel should divest his AJN shareholding or his position becomes untenable and he should be removed, to me, is just the fodder these opportunists are looking for.
Nigel was in charge when I bought in over 4 years ago. I watched, listened and read intently anything I could find out there about AVZ and Nigel before I pressed buy. Nigel’s confidence and demeanour largely influenced my decision. To me any thought of a management and Board restructure at this time would be incredibly destabilising and exactly what the opposition are looking for.
I don’t believe social media is where this extremely delicate issue should be dealt with and the company have said as much at the road shows.
This is clearly just my opinion and I am certainly not trying to tell anyone what they can and cannot post. It is just my interpretation of what the consequences may be if we continue down this path.
I am passionate about our Company and TSE. This forum has been an absolute gift in terms of maintaining my sanity during this tricky period. The robust discussion, diligent research posted by many and the lighter moments of pictures and banter is something I look forward to every day.
If you have made it to the end of this post thanks for reading.
Good luck to all and enjoy the rest of your Sunday.
If Nigel’s connection to AJN is an issue there will no doubt be a reckoning at some point. Is now the time for that given all that is going on.
I personally believe that he and the board would have applied considerable thought to Nigel’s share holding of AJN and clearly do not see an issue with it.
Are there truly AVZ holders who believe this is a wider conspiracy involving our entire board, as the board clearly support Nigel at present.
Do I think it is a good look, absolutely not. However I see no value at all in advancing more conspiracy theories about AVZs MD or board at this point in time.
The clear message I have been able to glean from those who attended the roadshows is to ignore the noise. Be as discreet as possible when posting on social media so not to provide our antagonists with anything to drive the wedge in even further between Management and shareholders. For the most part those who attended the road shows seemed to be satisfied with the overall presentation at the various RSs.
The current thinking of some, that Nigel should divest his AJN shareholding or his position becomes untenable and he should be removed, to me, is just the fodder these opportunists are looking for.
Nigel was in charge when I bought in over 4 years ago. I watched, listened and read intently anything I could find out there about AVZ and Nigel before I pressed buy. Nigel’s confidence and demeanour largely influenced my decision. To me any thought of a management and Board restructure at this time would be incredibly destabilising and exactly what the opposition are looking for.
I don’t believe social media is where this extremely delicate issue should be dealt with and the company have said as much at the road shows.
This is clearly just my opinion and I am certainly not trying to tell anyone what they can and cannot post. It is just my interpretation of what the consequences may be if we continue down this path.
I am passionate about our Company and TSE. This forum has been an absolute gift in terms of maintaining my sanity during this tricky period. The robust discussion, diligent research posted by many and the lighter moments of pictures and banter is something I look forward to every day.
If you have made it to the end of this post thanks for reading.
Good luck to all and enjoy the rest of your Sunday.
Winenut
GO AVZ!!!!
I love eating crayfish but I have to tell you it would be my worst nightmare diving down to get them!
The conflict of interest is just another layer of frustration / nuance that AVZ shareholders have had to endure regards to this extended suspension fiasco .
AVZ shareholders want clarity / answers about where things sit primarily, not being left in the dark and trying to decipher answers for ourselves.
I for one am not pointing any daggers at NIGEL or the BOD, they have done a excellent job to define the resource and get AVZ to the ML decree stage..............but what happened there after ?
How the fuck did we get to being suspended for this long instead of doing a lap of honour around the MCG or OPTUS oval ?
Questions need to be asked...............what / how / why ?
The conflict of interest is just one of many questions that needs to be asked...........not solely.
imo
JAG
Top 20
Caves and ledges ….. the occasional shark
What's happened is we are now in the business of trying to bring about structural change within one of the most corrupted governments on the planet . We are now in the business of politics .
Azzler
Top 20
Oh gods @Charbella don't get me excited!
The translate thing is a bit dodgee but there's this at 10:15
Cant figure out shit otherwise.
He talks about the dam being the property of Cominerie, but I cant figure out what exactly he's saying about it (whether good for us or bad for us).
The translate thing is a bit dodgee but there's this at 10:15
Cant figure out shit otherwise.
He talks about the dam being the property of Cominerie, but I cant figure out what exactly he's saying about it (whether good for us or bad for us).
I remember the days at ole HC where we were dancing to the roof tops that Felix won the 2019 election and outed Kabila.
We thought back then that would be the end of the corruption that the chinese would under take or try on............no one would of thought that come May 2022, that the seeds of corruption extended from the chinese and was still deeply embedded within the DRC govt after 3 yrs of Felix rule.
AVZ definitely caught in the cross fire...........politically.
2023 is the next election year.....................Felix needs to score some big wins regards to fighting corruption as part of his mandate, if he wants to get re elected and improve the shitty image the DRC still currently has globally.
Too much bullshit going around about this.
A conflict of interest doesn't only become a problem once there's a conflict.
It's a problem of there being a POTENTIAL conflict.
There is definitely potential here.
Nigel can't say no conflict just because he says it won't happen.
Fact is it theoretically could happen.
Therfor conflict of interest exists
Next question then is how serious that conflict is. I for one think it's atrocious that our director owns substantial shares in a competitor that is claiming ownership of our tenements.
Underwaterdark
Regular
I watched this section a few times.
Broadly speaking (best loose understanding) I think the issue he was saying that the inclusion of the dam and the hydro plant in the study was inflating the project and funding with things that are owned by the state and managed by Cominiere.
JAG
Top 20
I’ve asked Mr Kiki to translate. Will post once received.
Now, back to prepping those crays for the BBQ
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 ?
.........................................................................................................................................................................................................................................
I thought i would copy & paste the questions @MoneyBags1348 and i compiled for the Perth roadshow for those that didnt see it under the thread of ( QUESTIONS TO ASK NIGEL )
These questions will be asked again at the AGM , all still relevant plus i neeed to include the CONFLICT OF INTEREST with NIGEL / AJN / CDL which i now have all the facts thanks to @Chilla, the problem is.......... i reckon the BOD will onley tolerate 5, so i will put it out for a vote, which 5 questions are the most pertinent ?
Only one other poster has confirmed to catch up with me prior to AGM for a chat, so if that poster isnt prepared to ask the other 5 questions, then i have to be choosey withe the questions i ask, to get some overall clarity for the group.
Put the think tank on.............best be prepared, 4 days to go.
This is a group approach, not all about me.
imo
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 ?
.........................................................................................................................................................................................................................................
I thought i would copy & paste the questions @MoneyBags1348 and i compiled for the Perth roadshow for those that didnt see it under the thread of ( QUESTIONS TO ASK NIGEL )
These questions will be asked again at the AGM , all still relevant plus i neeed to include the CONFLICT OF INTEREST with NIGEL / AJN / CDL which i now have all the facts thanks to @Chilla, the problem is.......... i reckon the BOD will onley tolerate 5, so i will put it out for a vote, which 5 questions are the most pertinent ?
Only one other poster has confirmed to catch up with me prior to AGM for a chat, so if that poster isnt prepared to ask the other 5 questions, then i have to be choosey withe the questions i ask, to get some overall clarity for the group.
Put the think tank on.............best be prepared, 4 days to go.
This is a group approach, not all about me.
imo
If it's not gonna happen, then NF would be better divesting his shares, even at a slow rate dictated by liquidity, before the inevitable AJN crash.
He hasn't and says that he won't, so....
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