AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
I have the feeling Jag is trying to do a zijin on you while your noice nurse is giving your eyes a bit of a workover.
Would you like a pineapple??
LOCKY82
Regular
*we, *placeIf we manage to get out of suspension on the 1st will wr keep our pla e in asx200? Or does ut have to be before?
Tension building
Avziety has ruined my spelling
LOCKY82
Regular
There's an edit button in tse*we, *place
Avziety has ruined my spelling
Well as you know that is pointless . But what I have done on more than one occasion is contact the company and very politely ask for any updates or clarification . Guess what their reply was on all occasions . Yep you guessed it . No reply . Zero , Nada , Zilch .Well the old throw away line is "why don't you call or email the company" and express your dissatisfaction. Might make you feel better.
Well the source for your intel was obviously unaware of this court case that as you say had "probably been in the pipeline for weeks or months ". Hope you are not having your chain pulled Fox? Or should I say "we" are not having our chains pulled ?Howdy 9cardomaha,
It appears this court case commenced last Thursday based on Nellie's post. (I assume Thursday DRC time, meaning Friday us) I confirmed again around the same time that everything is sorted etc, 75% done and end of story there, and ML forthcoming.
What I don't know could fill the MCG and I'm digging for information like many others, this includes whether this case has any bearing on AVZ/ML since my feedback and anything else of course. It is unlikely this case was a surprise to AVZ or tabled in court at the same time as my most recent feedback IMO.
Looking at usual timelines for court dates etc, logically, you would have to think that this case has been in the pipe of many weeks or months, so in lieu of any new information, the recent feedback indicates this case was not of any concern to AVZ around the issuance of the ML as dicussed last week.
That's all I can piece together at this stage without an update I'm afraid, which I appreciate is not much.
Has this court case escalated some issues in recent days that now pushes things out? I don't know, no doubt that is a possibility.
Maybe AVZ thought this court case was a non-issue, yet now since it's getting some social media attention and local press, or taking longer then expected, AVZ might now decide to wait for the court's decision on Wednesday prior to finalising announcements and releasing same. Which makes sense.
I was talking to some of my fellow members of the Sunshine and Lollipops group and maybe this time the delay is in our favour, considering what the market is doing.
It's a bit of a guessing game for the last few days I'm afraid. Others might have something to share from feedback on the court case, not sure, but that would be nice.
Cheers The Fox
obe wan
Regular
Stickshift was correct on the other channel ; the asx 200 rebalance list is actually on the 2nd I.e first Friday on the month ; I had it down as the 1st , so we really would have needed to be by (before ) that date ; so yes the 1st ; which is obviously before the 2nd; is the cut .If we manage to get out of suspension on the 1st will wr keep our pla e in asx200? Or does ut have to be before?
Tension building
This CAT date which was oddly 30 sept whilst our date was 1st…. Looking at that 4 week period and how this court case has seemed to just come out of nowhere ; but in reality it hasn’t as these things take time to arrange … I reckon that 4 weeks was dropped in there to allow for possibly renegotiation should Dathomir come away with something pre ROFR percentages.
There always seemed to be gossip / those in the know about cominiere ; but no one could seem to shed light onto dathomir situation ; so much so, that it was just disregarded .At this stage it would appear that the ML could be announced irrgardless of the outcome here , as even a Dathmoir 15% wouldn’t take AVZ down to sub 50%….in the case of a dathomir win, A 15% win is highly unlikely , as it was broken into an earlier 5% and followed later on by the 10%; that 10% if they were to be successful would likely be the figure ….. of course then that 4 week period would likely become a time for reneg with CAT ; but what are the cards being dealt then ? ….. ( without ROFR % in play ) CAT would be down to 14% for AVZ to retain 51%….. then we have higher spod pricing and ML in hand …. AVZ would be needing to pull some percentage from the ROFR I reckon to get CAT back to into the 20s ; I’m not sure they’d be happy with 14% and paying higher $$ for it.
Anyway they couldn’t get this case switched to Kinshasa ; we were stuck with Lubumbashi which isn’t the preferred spot to have a judge ( even this new one ) hanging around waiting to make a decision imo ; hopefully he can resist the brown bags bouncing off his bedroom window in the dead of the night or coffee time phone calls .
At this stage, with this court case going on , I reckon best thing is to do even if ML was in Nigel’s pocket right now , would be to delay any announcement until the 1st ; cutting it very fine now ; but this thing hanging in the wind , (whether many seem to know about it or not as it certainly hasn’t been broadcasted in market channels ) would likely cause some headwinds or if we announced ML say today or tomowow and then a negative ann came out after the case , then we have just pissed in the wind .
Waiting to see what the judge comes out with and holding any Ann’s off until Thursday is the best in any case ; positive news and we are go ; negative dathmoir news and they massage it with good ML and Zijin Gonski news .
Having Simon Cong / Dathomir back on board …. Now that would be ironic for sure ; …. Imagine he then sold his percentage to Zijin …. Have a wrecked anyones head yet
. AVZ then pays out top offer for Cominieres 15% gives Cat 10 and we end up with AVZ 56% , Zijin 10% , CAT 24% , DRC 10% … enjoy your coffee and morning thoughts In other words this could all still turn to shit . The enemies number 1 mission is to stop AVZ getting the ML . Zijin will still be in the shadows. Fingers crossed the ML drops this week , but personally I have my doubts . GLTAHStickshift was correct on the other channel ; the asx 200 rebalance list is actually on the 2nd I.e first Friday on the month ; I had it down as the 1st , so we really would have needed to be by (before ) that date ; so yes the 1st ; which is obviously before the 2nd; is the cut .
This CAT date which was oddly 30 sept whilst our date was 1st…. Looking at that 4 week period and how this court case has seemed to just come out of nowhere ; but in reality it hasn’t as these things take time to arrange … I reckon that 4 weeks was dropped in there to allow for possibly renegotiation should Dathomir come away with something pre ROFR percentages.
There always seemed to be gossip / those in the know about cominiere ; but no one could seem to shed light onto dathomir situation ; so much so, that it was just disregarded .At this stage it would appear that the ML could be announced irrgardless of the outcome here , as even a Dathmoir 15% wouldn’t take AVZ down to sub 50%….in the case of a dathomir win, A 15% win is highly unlikely , as it was broken into an earlier 5% and followed later on by the 10%; that 10% if they were to be successful would likely be the figure ….. of course then that 4 week period would likely become a time for reneg with CAT ; but what are the cards being dealt then ? ….. ( without ROFR % in play ) CAT would be down to 14% for AVZ to retain 51%….. then we have higher spod pricing and ML in hand …. AVZ would be needing to pull some percentage from the ROFR I reckon to get CAT back to into the 20s ; I’m not sure they’d be happy with 14% and paying higher $$ for it.
Anyway they couldn’t get this case switched to Kinshasa ; we were stuck with Lubumbashi which isn’t the preferred spot to have a judge ( even this new one ) hanging around waiting to make a decision imo ; hopefully he can resist the brown bags bouncing off his bedroom window in the dead of the night or coffee time phone calls .
At this stage, with this court case going on , I reckon best thing is to do even if ML was in Nigel’s pocket right now , would be to delay any announcement until the 1st ; cutting it very fine now ; but this thing hanging in the wind , (whether many seem to know about it or not as it certainly hasn’t been broadcasted in market channels ) would likely cause some headwinds or if we announced ML say today or tomowow and then a negative ann came out after the case , then we have just pissed in the wind .
Waiting to see what the judge comes out with and holding any Ann’s off until Thursday is the best in any case ; positive news and we are go ; negative dathmoir news and they massage it with good ML and Zijin Gonski news .
Having Simon Cong / Dathomir back on board …. Now that would be ironic for sure ; …. Imagine he then sold his percentage to Zijin …. Have a wrecked anyones head yet
obe wan
Regular
I'm pretty confident on ML dropping this week.....on the 1st now ; but I reckon management will be hoping this dathomir shit has zero legs...if Dathomir does gain percentages ; something along the lines of my post above may come into play , but also what we have, is...if this case gets through and is positive for Dathomir and because this case is an appeal ( and even if these two cases were as corrupt as hell) , in the eyes of asx it will only be seen as a proven case and so proving that the original case was proven to have merit and true even though at the time, where it seems it was just disregarded by management...ASX and a bus load of shareholders I reckon will start to drag out and bang the non disclosure banners.
Hopefully it doesn't have any legs.
So the "it's all sorted " ," AVZ 75% secured" ramblings by a few on here recently can be disregarded for the time being it would seem . We still don't know if we hold 75% or 60% , and the FROR Comminere 15% is not in the safe hands of AVZ yet either . I'm not sure how a ML can be awarded if a corrupt judge sides with Dathomir and the CATH deal still remains unchanged at this point giving us 36% . I don't trust any of these f-kers (CATH included ).
Winenut
GO AVZ!!!!
With regard to potentially dropping out of the ASX200 has anyone got the definitive source as to the reason AVZ cannot remain on the list if it is in voluntary suspension?
I have been trying to identify specifically what triggers AVZ potentially dropping out of the index
I have found no reference that directly says companies with a status of "suspended" cannot be included
The best I have been able to deduce is that AVZ because the the shares cannot be traded currently would fail the "liquidity" requirement for inclusion in the index
Is anyone able to confirm that I am on the right track on the liquidity requirement or is there something specific about the "suspended" status I have not been able to find yet?
I have been trying to identify specifically what triggers AVZ potentially dropping out of the index
I have found no reference that directly says companies with a status of "suspended" cannot be included
The best I have been able to deduce is that AVZ because the the shares cannot be traded currently would fail the "liquidity" requirement for inclusion in the index
Is anyone able to confirm that I am on the right track on the liquidity requirement or is there something specific about the "suspended" status I have not been able to find yet?
Mate do we actually know CATH will be happy to renegotiate and take a lower percentage ? Play it AVZ's way ? Do AVZ have a back up plan just in case CATH make things difficult ? Some have said previously without CATH , it's $240mil the ML wont happen . I don't want to be a downer here but if Dathmoir successfully steal this 15% the potential for the wheels to fall off AVZ's wagon is real . I'm expecting AVZ to prevail .Stickshift was correct on the other channel ; the asx 200 rebalance list is actually on the 2nd I.e first Friday on the month ; I had it down as the 1st , so we really would have needed to be by (before ) that date ; so yes the 1st ; which is obviously before the 2nd; is the cut .
This CAT date which was oddly 30 sept whilst our date was 1st…. Looking at that 4 week period and how this court case has seemed to just come out of nowhere ; but in reality it hasn’t as these things take time to arrange … I reckon that 4 weeks was dropped in there to allow for possibly renegotiation should Dathomir come away with something pre ROFR percentages.
There always seemed to be gossip / those in the know about cominiere ; but no one could seem to shed light onto dathomir situation ; so much so, that it was just disregarded .At this stage it would appear that the ML could be announced irrgardless of the outcome here , as even a Dathmoir 15% wouldn’t take AVZ down to sub 50%….in the case of a dathomir win, A 15% win is highly unlikely , as it was broken into an earlier 5% and followed later on by the 10%; that 10% if they were to be successful would likely be the figure ….. of course then that 4 week period would likely become a time for reneg with CAT ; but what are the cards being dealt then ? ….. ( without ROFR % in play ) CAT would be down to 14% for AVZ to retain 51%….. then we have higher spod pricing and ML in hand …. AVZ would be needing to pull some percentage from the ROFR I reckon to get CAT back to into the 20s ; I’m not sure they’d be happy with 14% and paying higher $$ for it.
Anyway they couldn’t get this case switched to Kinshasa ; we were stuck with Lubumbashi which isn’t the preferred spot to have a judge ( even this new one ) hanging around waiting to make a decision imo ; hopefully he can resist the brown bags bouncing off his bedroom window in the dead of the night or coffee time phone calls .
At this stage, with this court case going on , I reckon best thing is to do even if ML was in Nigel’s pocket right now , would be to delay any announcement until the 1st ; cutting it very fine now ; but this thing hanging in the wind , (whether many seem to know about it or not as it certainly hasn’t been broadcasted in market channels ) would likely cause some headwinds or if we announced ML say today or tomowow and then a negative ann came out after the case , then we have just pissed in the wind .
Waiting to see what the judge comes out with and holding any Ann’s off until Thursday is the best in any case ; positive news and we are go ; negative dathmoir news and they massage it with good ML and Zijin Gonski news .
Having Simon Cong / Dathomir back on board …. Now that would be ironic for sure ; …. Imagine he then sold his percentage to Zijin …. Have a wrecked anyones head yet
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