Yep…defies logic….but it’s a big risk they are taking supporting Nige in this conflict of interest. They can take it on notice that they have been advised the Conflict of Interest exists and has been notified as such. Now it’s up to the BoD to act or be subject to actions if AJN are successful in their application. Plenty of public info out there supporting a conflict of interest and I hope our BoD act in the interest of shareholders and sort this out asap.I have no idea why the BOD could let such a conflict exist, and to expose themselves to such legal risk.
Wait, have you guys been drinking again?Oi - you stole my meme…
I believe Nigel would have taken legal advice regarding the conflict of interest
Directors insurance up from 90K to 500K, maybe the insurance company sees a conflict? Should we have an EGM to sort this out?Yep…defies logic….but it’s a big risk they are taking supporting Nige in this conflict of interest. They can take it on notice that they have been advised the Conflict of Interest exists and has been notified as such. Now it’s up to the BoD to act or be subject to actions if AJN are successful in their application. Plenty of public info out there supporting a conflict of interest and I hope our BoD act in the interest of shareholders and sort this out asap.
I think I see where you’re going with this. The $2 party is at wino’s place, the $3 party at JAG’s, which leaves enough time for the brewery to be rehabilitated in advance of the $4 party right there in Manono. Am I reading you right?The best part of that Tantalex article is that it mentions there was a brewery in Manono until 1998. Maybe AVZ can rehabilitate that after they get the hydro power station up and running again?
I just don’t get it to be honest.Absolutely he would have and I'm sure the lawyer told him legally there is no conflict but for me its about perception.
Regardless of what date he bought the shares and when he quit the BoD at AJN (I think the timing of that makes it look worse for him too) I/we perceive it as a conflict of interest. The fact that we are discussing it so much shows that it is having a negative effect on shareholder sentiment which makes it a conflict of interest to shareholders.
Would you put up with this from your local MP? I don't think so and at the moment Nigel needs to be more of a politician than a geologist/speccy gold investor in cahoots with that slimy fuck Klaus.
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I just don’t get it to be honest.
He on 500k a year at AVZ. Currently has 50m shares and seems 100% confident AVZ will get through current issues. So even being an absolute pessimist he would be thinking $1 a share is easily achievable with AVZ( but we all know it could be multiples of that ). So that’s easily 50-60m minimum of personal wealth yet he ok with creating this fracas for under $1m value of AJN shares?
Or maybe he not so sure on AVZ’ prospects….?
If AJN get the northern section and their SP rockets and then he sells I’ll be really pissed off, not like we can take some of our AVZ money and buy shares in other companies….
It’s like having the ex girlfriends number in your phone and telling your Mrs it means nothing….
You're spot on with this Doc, to me it's a no brainer. He will make shit loads more with AVZ. There's obviously a reason why he thinks AJN is worth retaining while damaging his reputation and the prospects of AVZ. His attitude at the AGM towards this issue gave me genuine cause for concern.I just don’t get it to be honest.
He on 500k a year at AVZ. Currently has 50m shares and seems 100% confident AVZ will get through current issues. So even being an absolute pessimist he would be thinking $1 a share is easily achievable with AVZ( but we all know it could be multiples of that ). So that’s easily 50-60m minimum of personal wealth yet he ok with creating this fracas for under $1m value of AJN shares?
Or maybe he not so sure on AVZ’ prospects….?
If AJN get the northern section and their SP rockets and then he sells I’ll be really pissed off, not like we can take some of our AVZ money and buy shares in other companies….
It’s like having the ex girlfriends number in your phone and telling your Mrs it means nothing….
Agree that its a perceived conflict.Absolutely he would have and I'm sure the lawyer told him legally there is no conflict but for me its about perception.
Regardless of what date he bought the shares and when he quit the BoD at AJN (I think the timing of that makes it look worse for him too) I/we perceive it as a conflict of interest. The fact that we are discussing it so much shows that it is having a negative effect on shareholder sentiment which makes it a conflict of interest to shareholders.
Would you put up with this from your local MP? I don't think so and at the moment Nigel needs to be more of a politician than a geologist/speccy gold investor in cahoots with that slimy fuck Klaus.
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Hi Ashlee,Seriously how old are you the rubbish you post is embarrassing
bang on here, have you or anyone emailed this to BOD ?That was a piss-poor response from NF to that question at the AGM. He basically said that there was no conflict of interest because AJN used to be into gold, even though they are now in competition with us. WTF? Conflict of interest is the simplest of concepts, and arrangements to manage such conflicts exist within companies and governments across the globe.
For reference - AVZ Code of Conduct p2
”Potential for conflict of interest arises when it is likely that an Employee could be influenced, or it could be perceived that such Employee is influenced by a personal interest when carrying out their duties. Conflicts of interest that lead to biased decision making may constitute corrupt conduct.
It can be easily fixed.
"Or maybe he not so sure on AVZ’ prospects….?"I just don’t get it to be honest.
He on 500k a year at AVZ. Currently has 50m shares and seems 100% confident AVZ will get through current issues. So even being an absolute pessimist he would be thinking $1 a share is easily achievable with AVZ( but we all know it could be multiples of that ). So that’s easily 50-60m minimum of personal wealth yet he ok with creating this fracas for under $1m value of AJN shares?
Or maybe he not so sure on AVZ’ prospects….?
If AJN get the northern section and their SP rockets and then he sells I’ll be really pissed off, not like we can take some of our AVZ money and buy shares in other companies….
It’s like having the ex girlfriends number in your phone and telling your Mrs it means nothing….
I have not raised this with the BOD. I would think the matter would be best adressed to the Chairman.bang on here, have you or anyone emailed this to BOD ?
I may do so next week as this is a point that like quite a few others it seems we are not satisfied with.
Is this going to help us getting our ML sooner? If not can we just park this issue for now. We need Nigel’s heart and mind 100% on secure our license , we don’t need to create any further distractions.I have not raised this with the BOD. I would think the matter would be best adressed to the Chairman.