AVZ Discussion 2022

[SilentOne]

Morning,

I would like to remind everyone that the Voluntary Suspension is all about the mining licence only. We have over 51% control and the surface rights need to be agreed to and paid - (it might be, everything is done and dusted someone just needs to sign the Mining License and hand it to Nigel).

Having lived in 3rd world countries myself the rule of law tends to meander somewhat and at times may fall off a cliff. In the DRC they are trying to enforce the rule of law and straighten the roads so that it is less likely for things to fall off said cliff. Felix is busy with his shovel and pick and is doing a great job under difficult circumstances.

I very much appreciate the insight that many provide within this forum and I am confident that it is delivered in good faith at the time. However, we are dealing with a 3rd world country. Things are set in stone one day and then they are not - but things are getting better.

My position is consistent that dropping off the ASX200 and ASX300 doesnt really bother me. As the Lithium Price continues to ramp up the more valuable AVZ becomes. On opening, it would make sense that maybe BHP, Wesfarmers, American or European companies may wish to take a position in AVZ (thought bubble only). This would certainly play well for Australian companies who want to be a part of the Green Revolution.

I will take a position and will put it out there that September will be the month 2022

If you do not understand Sovereign Risk then you need to smartly beef up your knowledge because that is a concern.

Anyway I am a big fan of AVZ, I continue to support Nigel and his Team.

Lithium is close to an all time high - hmmm I wonder how much lithium in the ground is now worth for Manomo

Regards,

P - Oh none of my commentary should be deemed as investment advice and I would recommend that you do your own research

 

[Winenut]

For the record I reckon there's been a much increased number of blowins and shysters on the thread this last week

The FUD factory is cranking some overtime somewhere and deposting the shit here

Just my opinion

Don't know what the timing will be for the official company announcements with regard to the matters we currently face but it will be a great day when they arrive and the shite-posting knobjockeys vanish from this thread like farts in the wind

 

[Winenut]

Oh!!!

And happy father's day to all the dads out there

Have a good one

Cheers!

 

[JAG]

Happy Fathers Day you lot......

 

[Dijon101]

Morning,

I would like to remind everyone that the Voluntary Suspension is all about the mining licence only. We have over 51% control and the surface rights need to be agreed to and paid - (it might be, everything is done and dusted someone just needs to sign the Mining License and hand it to Nigel).

Having lived in 3rd world countries myself the rule of law tends to meander somewhat and at times may fall off a cliff. In the DRC they are trying to enforce the rule of law and straighten the roads so that it is less likely for things to fall off said cliff. Felix is busy with his shovel and pick and is doing a great job under difficult circumstances.

I very much appreciate the insight that many provide within this forum and I am confident that it is delivered in good faith at the time. However, we are dealing with a 3rd world country. Things are set in stone one day and then they are not - but things are getting better.

My position is consistent that dropping off the ASX200 and ASX300 doesnt really bother me. As the Lithium Price continues to ramp up the more valuable AVZ becomes. On opening, it would make sense that maybe BHP, Wesfarmers, American or European companies may wish to take a position in AVZ (thought bubble only). This would certainly play well for Australian companies who want to be a part of the Green Revolution.

I will take a position and will put it out there that September will be the month 2022

If you do not understand Sovereign Risk then you need to smartly beef up your knowledge because that is a concern.

Anyway I am a big fan of AVZ, I continue to support Nigel and his Team.

Lithium is close to an all time high - hmmm I wonder how much lithium in the ground is now worth for Manomo

View attachment 15798



Regards,

P - Oh none of my commentary should be deemed as investment advice and I would recommend that you do your own research

Thanks for reminding everyone about sovereign risk......

@Winenut

Another one.

 

[Dijon101]

Happy Fathers Day you lot......

Go pies ???

:edit sorry JAG

 

[ChrisU]

It would all come down to when AVZ became aware of Zijin's and Dathomir's claims and whether a 'reasonable person' would deem that the information would have a material effect on the share price and need to be announced to the market.

AVZ were obviously relying on legal advice in the DRC that these claims were without merit. If all is sorted and AVZ end up being proven right on both matters then it would be difficult to argue that management did anything wrong regardless of what happens with the share price in my opinion.

Considering Zijin have purportedly withdrawn their claim according to AVZ's lawyer on Twitter it would seem that it was Zijin making false claims and acting illegally which is also how the IGF sees it. If true then it would seem AVZ management did nothing wrong by not disclosing this matter earlier again in my opinion. If true they can't be held responsible for other entities actions or claims.

You would hope that both of these matters were looked at by the mining ministry before giving their favourable opinion in April and the mining minister issuing the decree in May. If AVZ had been told by the DRC government that everything was okay after these claims were made then it would seem they were reasonable in thinking that the claims were without merit and wouldn't have a material effect on the share price again in my opinion.

Obviously without knowing all of the information required it is difficult to know for sure. It all depends on the outcome of the ownership of Dathcom and what happens with the mining license. AVZ never owned or claimed to own the 15% from Cominiere so it would be very hard to argue that matter had a material effect on the share price. The 15% from Dathomir could possibly be an issue but it will depend on the judgement of the ongoing case.

These are just my thoughts. I'm not a lawyer and you shouldn't rely on anything I say or anything anyone in an online forum says as legal advice. If you have any concerns about these issues you should seek professional legal advice.

Your thoughts are well considered but continuous disclosure rules are quite simple and rigorous about what’s to be disclosed and the test is also not just ‘aware’ but ‘ought to know’.

https://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf

These are two test questions ASX asks companies to consider on whether to disclose information on events that possibly can affect the project’s material progress:

(1) “Would this information influence my decision to buy or sell securities in the entity at their current market price?”
(2) “Would I feel exposed to an action for insider trading if I were to buy or sell securities in the entity at their current market price, knowing this information had not been disclosed to the market

There’s a lot more. Sections 6&7 show how rigourous the ASX is asking a company to be in being objective.

Back in 2017 under Gary Steinepreis (Steinepreis brother a top corporate lawyer) the MMCS1 claim was announced. This affected the share price after release. I held on having checked that administrative appeals in DRC jurisdiction are endless. And decided to buy more. The right decision retrospectively.

Hence DRC either wants you or they don’t. They decide. It was clear AVZ was wanted for its geological expertise

In late April, early May 2022, before any ASX announcements on subject there was social media speculation on AVZ conflicts with JV partners. The share price dropped from around a dollar towards 70cps, oscillated before and after Decree announcement then suspension less than a week later set it at 78cps.

The thing about the decree announcement is that it came out embedding an address on media speculation. IWe can not see clearly market reaction to AVZ views on Media speculation to share price because a very positive ministerial decree for mining license was also announced. The decree however did mention a change in zoning for the 13359 tenement but this was still for Dathcom’s licensing. Sometimes people consider such announcements on decrees as fluff announcements they are not quite material in the same way as saying “we’ve got it the license, stupid” and will sell into this news. Hence why I say it’s not clear to attribute cause of share price collapse.

I consider the dramas with JV partners more material than the MMCS1 claims and yet AVZ treated as speculation.

I just know that if I had known about the the dramas officially from AVZ as early as Dec -January 2022 (Dathomir attack) I would have taken some shares off the table and assess and obsess over the degree of materiality.

And I’m not sure where the Sp was in January will be visiting us again near term. We will need blockbuster announcements to weather the reputation fall out after 4 months of suspension.

 

[ChrisU]

I felt a little bit a little bit embarrassed putting my views of where I think the share price will go on opening (and I am allowing a week to see where the dust settles) but I wasn’t upramping, it’s my view based on my own due diligence and taking into account that ownership of mining and exploration rights as well as ownership in Dathcom are sorted out in our favour (which is how I speculate the outcome to myself). I admit I am not researched enough on what instos might do regarding selling or lending their shares, or the time they have to do it, but for some reason I suspect you of being a sneaky downramper. I can’t wait to see which way the share price goes, it won’t prove either of us right or wrong, but out of pure interest I’ll get an idea on how the world views our company and project. Anyone who suggests Nigel should have been more open, or is going to give up fighting for AVZ’s success doesn’t know him. You also seem to be wanting to spend more time on this thread, where I am wanting to spend less, so if you reply, bear in mind I won’t be back till tomorrow

We will certainly see how the market views AVZ.

 

[Nbaz]

Howdy, my pleasure.

Mate I’ve only been focussed on the issues with CAMI for many weeks, and more recently on the Cong court case.

I haven’t had any discussions around what will and won’t be in future announcements as per the items you have raised apart from the ownership %.

I’m not expecting a “coming out of suspension” type of announcement in the very short term. I’m certainly expecting this month on or before Bill Murray’s birthday.

Cheers The Fox

“APPARENTLY” and “IMO” for Sam.

So nothing this week then fox?

 

[Winenut]

Thanks for reminding everyone about sovereign risk......

@Winenut

Another one.

 

[Samus]

Sammael

Thank you for your detailed post. Firstly I guess the question as to whether you are a glass half full or half empty type of fella has now been cleared up

You are correct, every bit of info or feedback normally comes with a caveat of “apparently, or maybe” and so on. I’m sorry that’s a problem for you. I too will only be 100% satisfied once AVZ announcements are issued and provide the information we are all waiting on. (Yet funny how the announcements are not always 100% correct BTW.)

What would you like me to do in the interim? Not try to seek out information? Maybe these forums should not exist in your world, or people should only discuss the company’s announcements only and be banned from providing any non-sanctioned or unconfirmed information?

Talk about damed if you do and damed if you don’t. Some people are doing there best to dig up more information for our benefit, particularly considering bugger all comes from AVZ. Even AVZ lawyers get asked to remove Tweets by AVZ as they want no info going out to provide any advantage to the various parties attacking in recent months. So those of us who are suitably invested and motivated have no choice but to go digging and hunting for information on the ground. Some of us are not happy with the amount of information in the official AVZ announcements and want more.

Maybe it’s just best that you only focus on the company announcements (which are overflowing with detailed information) if that makes you feel more comfortable and put anyone like me providing unsubstantiated feedback on ignore.

You seem upset that any feedback is not detailed enough, or doesn’t have a confirmed source or is vague. This is a PUBLIC forum Sam, what do you expect? documents? sworn statements? an ABC news reel?

We are all trying to survive this debacle in our own way and sometimes I can give myself and others (accept your apparently) some comfort that things are going to be ok, or conversely if the wheels have fallen off, either way it’s better than doing nothing and complaining about the quality and accuracy of information provided at various times that can and has changed unexpectedly thereafter, and changed of course for AVZ management and their lawyers, who then need to pivot to the next challenge.

Just when management think everything is completed and we should be out of suspension in 4 or 5 days, another challenge presents itself and people like me who provided feedback that is accurate at the time all look like dick heads. You say to yourself why did I bother? and more so after reading your post.

So going forward I’ll still provide the best feedback I can secure, I’ll still put caveats on the information, there won’t be a any documents and names to share regarding the source of information and there’ll be no guarantees that information won’t change after it’s been shared.

If that doesn’t work well for you, I get it. Up to you if you want to read my posts, keep complaining or put me on ignore, take some comfort that at least you can control all those actions which are at your disposal in view of not being able to control the type of information and confirmations you want.

Over the last week I’ve added to my connections and been able to secure additional lines of communication as to what’s going on in the DRC. I will have to consider how to frame current feedback or maybe it’s best to just reiterate that I’m very confident that everything is sorted, all issues have been resolved and in favour of AVZ. A timeline to out of suspension has been discussed, but since previous timelines have not been correct, I’ll keep my power dry on the exact date which should make you happy, if that’s possible.

I look forward to reading the AVZ announcements confirming everything is sorted and ML has been issued, just like you.

Cheers The Fox

I agree with you about 100% on all that Fox except the parts that are personal. Don't get me wrong, I have hope, nothing but hope at this stage along with everyone else. Just pointing out some of the problems in relation to the situation and in particular to predictions given the situation.
And while in reply to you, the above post is a generalised view and should be taken in that context.
Things are happening no doubt, let's hope they amount to something before we're all driven mad by the constant curve balls, rampant speculation and lack of official company news in the meantime.
Hopefully we can watch the epic saga of how all this really unfolded one day on the avz funded 100" oled in vivid and stunning detail.

 

[Doc]

Your thoughts are well considered but continuous disclosure rules are quite simple and rigorous about what’s to be disclosed and the test is also not just ‘aware’ but ‘ought to know’.

https://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf

These are two test questions ASX asks companies to consider on whether to disclose information on events that possibly can affect the project’s material progress:

(1) “Would this information influence my decision to buy or sell securities in the entity at their current market price?”
(2) “Would I feel exposed to an action for insider trading if I were to buy or sell securities in the entity at their current market price, knowing this information had not been disclosed to the market

There’s a lot more. Sections 6&7 show how rigourous the ASX is asking a company to be in being objective.

Back in 2017 under Gary Steinepreis (Steinepreis brother a top corporate lawyer) the MMCS1 claim was announced. This affected the share price after release. I held on having checked that administrative appeals in DRC jurisdiction are endless. And decided to buy more. The right decision retrospectively.

Hence DRC either wants you or they don’t. They decide. It was clear AVZ was wanted for its geological expertise

In late April, early May 2022, before any ASX announcements on subject there was social media speculation on AVZ conflicts with JV partners. The share price dropped from around a dollar towards 70cps, oscillated before and after Decree announcement then suspension less than a week later set it at 78cps.

The thing about the decree announcement is that it came out embedding an address on media speculation. IWe can not see clearly market reaction to AVZ views on Media speculation to share price because a very positive ministerial decree for mining license was also announced. The decree however did mention a change in zoning for the 13359 tenement but this was still for Dathcom’s licensing. Sometimes people consider such announcements on decrees as fluff announcements they are not quite material in the same way as saying “we’ve got it the license, stupid” and will sell into this news. Hence why I say it’s not clear to attribute cause of share price collapse.

I consider the dramas with JV partners more material than the MMCS1 claims and yet AVZ treated as speculation.

I just know that if I had known about the the dramas officially from AVZ as early as Dec -January 2022 (Dathomir attack) I would have taken some shares off the table and assess and obsess over the degree of materiality.

And I’m not sure where the Sp was in January will be visiting us again near term. We will need blockbuster announcements to weather the reputation fall out after 4 months of suspension.

Mate AVZ has been one of the most scrutinized on the ASX for years. You don’t think muppets like yourself haven’t been on the blower to ASIC trying to get the company in the shit the last 4 months? They obviously complying to the rules. Would I like more info? Who wouldn’t! But I’m confident AVZ playing by the rules

 

[LOCKY82]

I agree with you about 100% on all that Fox except the parts that are personal. Don't get me wrong, I have hope, nothing but hope at this stage along with everyone else. Just pointing out some of the problems in relation to the situation and in particular to predictions given the situation.
And while in reply to you, the above post is a generalised view and should be taken in that context.
Things are happening no doubt, let's hope they amount to something before we're all driven mad by the constant curve balls, rampant speculation and lack of official company news in the meantime.
Hopefully we can watch the epic saga of how all this really unfolded one day on the avz funded 100" oled in vivid and stunning detail.

Keep it coming bro! We are all big enough and bold enough to take what we want from people's information shared. If some don't like getting some potential info that gives an "idea" of how things are going there's a very simple solution ignore the people providing it. We're all very frustrated but coming on and having a whinge about inaccuracies from shared information is just taking out frustrations on people through no fault of their own. Much better to just await announcements or start using the ignore button.

Appreciate your efforts Fox

 

[MoneyBags1348]

I felt a little bit a little bit embarrassed putting my views of where I think the share price will go on opening (and I am allowing a week to see where the dust settles) but I wasn’t upramping, it’s my view based on my own due diligence and taking into account that ownership of mining and exploration rights as well as ownership in Dathcom are sorted out in our favour (which is how I speculate the outcome to myself). I admit I am not researched enough on what instos might do regarding selling or lending their shares, or the time they have to do it, but for some reason I suspect you of being a sneaky downramper. I can’t wait to see which way the share price goes, it won’t prove either of us right or wrong, but out of pure interest I’ll get an idea on how the world views our company and project. Anyone who suggests Nigel should have been more open, or is going to give up fighting for AVZ’s success doesn’t know him. You also seem to be wanting to spend more time on this thread, where I am wanting to spend less, so if you reply, bear in mind I won’t be back till tomorrow

In an effort of doing further due diligence I decided to look into what I don't know about how AVZ may be affected by institutional investors since we joined and then exited the ASX200 and 300 in case I have to reconsider the viewpoints in my last three posts here on TSE.

Others with more experience in this area could provide their views as I'm sttarting to wonder whether Institutional Analysis could outweigh Fundamental and Technical Analysis. I haven't as yet been able to work out how to factor this in but I've always believed knowledge, no matter what, leads you to be able to make better decisions, so here's what I found.

Firstly, while I was looking, what I found on last Friday's https://www.marketindex.com.au/asx/avz that didn't impress me:

1) It stated that the company's last trade was: Last Trade 6:58pm 02/09/22 (AEST)

2)Then under the Company Overview it said: AVZ Minerals Limited (AVZ) is a mineral exploration company focused on developing the Manono Lithium and Tin Project located in the south of the Democratic Republic of Congo (DRC) in central Africa. AVZ has a 60 per cent interest in the Manono Project (15% under Option from Dathomir Mining Resources).


As far as AVZ share ownership and institutional buying and selling, this is a summary of the major shareholders their holdings:

31 January 2021

YIBIN TIANYI LITHIUM INDUSTRY CO LTD - 237,500,000
HUAYOU INTERNATIONAL MINING (HONGKONG) LIMITED - 216,615,790
LITHIUM PLUS PTY LTD - 118,947,369

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - 46,983,382
HSBC CUSTODY NOMINEES (AUSTRALIA) LTD - 15,176,022

BNP PARIBAS NOMINEES PTY LTD - 101,505,878
BNP PARIBAS NOMS PTY LTD - 12,040,657

J P MORGAN NOMINEES AUSTRALIA PTY LIMITED - 232,934,004
CITICORP NOMINEES PTY LIMITED - 71,448,580

RIDGEBACK HOLDINGS PTY LTD - 37,478,070
SMARTEQUITY EIS PTY LTD - 20,150,000

MRS LIYUN HUANG - 23,409,000
MR KEVIN GRIFFITHS - 26,864,600
MR KAI GUO -20,000,000
STECOL CONSULTING PTY LTD - 22,000,000


6th October 2021

YIBIN TIANYI LITHIUM INDUSTRY CO LTD - 237,500,000
HUAYOU INTERNATIONAL MINING (HONGKONG) LIMITED -216,615,790
LITHIUM PLUS PTY LTD - 118,447,369

HSBC Custody Nominees (Australia) Limited A/C - 262,788,050
HSBC Custody Nominees (Australia) Limited - 48,950,713
Hsbc Custody Nominees (Australia) Limited (Euroclear Bank Sa Nv A/C) - 37,791,673

BNP Paribas Nominees Pty Ltd ACF Clearstream - 196,395,601
BNP Paribas Nominees Pty Ltd (Ib Au Noms Retailclient Drp) - 99,756,295
Bnp Paribas Nominees Pty Ltd Six Sis Ltd (Drp A/C) - 18,216,024
BNP Paribas Noms Pty Ltd (Drp) - 14,542,410

J P Morgan Nominees Australia Pty Limited - 27,883,103
Citicorp Nominees Pty Limited - 102,707,869
Certane Ct Pty Ltd (Richlink High-Tech Invest) - 96,439,460

Ridgeback Holdings Pty Ltd (The Ferguson Family A/C) - 37,478,070
Smartequity Eis Pty Ltd - 32,150,000

Mrs Liyun Huang - 27,500,000
Mr Kevin Griffiths - 26,288,400
Mr Kai Guo -22,000,000
Mr Craig Alan Doran - 20,650,000
Stecol Consulting Pty Ltd (Cologna Family A/C) - 23,435,500


30 June 2022

YIBIN TIANYI LITHIUM INDUSTRY CO LTD - 237,500,000
HUAYOU INTERNATIONAL MINING (HONGKONG) LIMITED - 216,615,790
LITHIUM PLUS PTY LTD - 176,247,369

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - 211,539,832
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 - 17,128,862

BNP PARIBAS NOMINEES PTY LTD ACF CLEARSTREAM - 184,918,221
BNP PARIBAS NOMINEES PTY LTD - 81,738,575
BNP PARIBAS NOMS PTY LTD - 64,493,780

J P MORGAN NOMINEES AUSTRALIA PTY LIMITED - 125,177,475
CITICORP NOMINEES PTY LIMITED - 109,787,311
CERTANE CT PTY LTD - 47,439,460

ACUITY CAPITAL INVESTMENT MGT PTY LTD - 60,000,000
RIDGEBACK HOLDINGS PTY LTD - 51,013,404
EQUITY PLAN SERVICES PTY LTD - 33,614,766

MRS LIYUN HUANG - 27,086,625
MR KEVIN GRIFFITHS - 17,220,000
MR CRAIG ALAN DORAN - 22,572,388

SBL POSITIONS - 22,232,116
NATIONAL NOMINEES LIMITED - 21,334,929
CS THIRD NOMINEES PTY LIMITED - 20,231,644


Conclusion: Since the 6th October 2021 to 30th June 2022 it looks like the following institutional investors made the following changes

HSBC CUSTODY NOMINEES decreased their overall holdings substantially
BNP PARIBAS NOMINEES PTY LTD raised their overall holdings
J P MORGAN NOMINEES AUSTRALIA PTY LIMITED raised their overall holdings
CITICORP NOMINEES PTY LIMITED raised their overall holdings
CERTANE CT PTY LTD decreased their holdings substantially
ACUITY CAPITAL INVESTMENT MGT PTY LTD raised their holding substantially

Don't know if that helped anyone or if I just wasted my fucken time on Father's Day, but there you go, due diligence done.

PS, Sorry I didn't put you in there @Deboss, I didn't think you wanted anyone knowing how far up the list you are!

 

[LOCKY82]

Your thoughts are well considered but continuous disclosure rules are quite simple and rigorous about what’s to be disclosed and the test is also not just ‘aware’ but ‘ought to know’.

https://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf

These are two test questions ASX asks companies to consider on whether to disclose information on events that possibly can affect the project’s material progress:

(1) “Would this information influence my decision to buy or sell securities in the entity at their current market price?”
(2) “Would I feel exposed to an action for insider trading if I were to buy or sell securities in the entity at their current market price, knowing this information had not been disclosed to the market

There’s a lot more. Sections 6&7 show how rigourous the ASX is asking a company to be in being objective.

Back in 2017 under Gary Steinepreis (Steinepreis brother a top corporate lawyer) the MMCS1 claim was announced. This affected the share price after release. I held on having checked that administrative appeals in DRC jurisdiction are endless. And decided to buy more. The right decision retrospectively.

Hence DRC either wants you or they don’t. They decide. It was clear AVZ was wanted for its geological expertise

In late April, early May 2022, before any ASX announcements on subject there was social media speculation on AVZ conflicts with JV partners. The share price dropped from around a dollar towards 70cps, oscillated before and after Decree announcement then suspension less than a week later set it at 78cps.

The thing about the decree announcement is that it came out embedding an address on media speculation. IWe can not see clearly market reaction to AVZ views on Media speculation to share price because a very positive ministerial decree for mining license was also announced. The decree however did mention a change in zoning for the 13359 tenement but this was still for Dathcom’s licensing. Sometimes people consider such announcements on decrees as fluff announcements they are not quite material in the same way as saying “we’ve got it the license, stupid” and will sell into this news. Hence why I say it’s not clear to attribute cause of share price collapse.

I consider the dramas with JV partners more material than the MMCS1 claims and yet AVZ treated as speculation.

I just know that if I had known about the the dramas officially from AVZ as early as Dec -January 2022 (Dathomir attack) I would have taken some shares off the table and assess and obsess over the degree of materiality.

And I’m not sure where the Sp was in January will be visiting us again near term. We will need blockbuster announcements to weather the reputation fall out after 4 months of suspension.

Who's this turkey!?

 

[DiscoDanNZ]

Thanks for reminding everyone about sovereign risk......

@Winenut

Another one.

Sovereign risk? Must just be happening overseas or something...

The reference for the non kiwi's here:

 

[Winenut]

Who's this turkey!?

 

[Samus]

Howdy, my pleasure.

Mate I’ve only been focussed on the issues with CAMI for many weeks, and more recently on the Cong court case.

I haven’t had any discussions around what will and won’t be in future announcements as per the items you have raised apart from the ownership %.

I’m not expecting a “coming out of suspension” type of announcement in the very short term. I’m certainly expecting this month on or before Bill Murray’s birthday.

Cheers The Fox

“APPARENTLY” and “IMO” for Sam.

Appreciate that mate! if you look at my recent rant objectively maybe there are a few snippets in there that can actually help piece together some more of the puzzle. Happy to pass on the specifics via pm if it helps. fuck it we don't have much else right. I'm hearing similar to you probably with an additional frustrating lack of any detail, do the pieces line up, who knows.
I'm just clearly more exasperated by it all than you are
Anyway I will blend back into the background now and have a bit of a laugh with you turkeys.
A few flagons of sake at the Japanese place last night probably didn't do me any favours.

 

[Retrobyte]

Firstly, while I was looking, what I found on last Friday's https://www.marketindex.com.au/asx/avz that didn't impress me:

1) It stated that the company's last trade was: Last Trade 6:58pm 02/09/22 (AEST)

Off market trade?

 

[blu]

Sammael

Thank you for your detailed post. Firstly I guess the question as to whether you are a glass half full or half empty type of fella has now been cleared up

You are correct, every bit of info or feedback normally comes with a caveat of “apparently, or maybe” and so on. I’m sorry that’s a problem for you. I too will only be 100% satisfied once AVZ announcements are issued and provide the information we are all waiting on. (Yet funny how the announcements are not always 100% correct BTW.)

What would you like me to do in the interim? Not try to seek out information? Maybe these forums should not exist in your world, or people should only discuss the company’s announcements only and be banned from providing any non-sanctioned or unconfirmed information?

Talk about damed if you do and damed if you don’t. Some people are doing there best to dig up more information for our benefit, particularly considering bugger all comes from AVZ. Even AVZ lawyers get asked to remove Tweets by AVZ as they want no info going out to provide any advantage to the various parties attacking in recent months. So those of us who are suitably invested and motivated have no choice but to go digging and hunting for information on the ground. Some of us are not happy with the amount of information in the official AVZ announcements and want more.

Maybe it’s just best that you only focus on the company announcements (which are overflowing with detailed information) if that makes you feel more comfortable and put anyone like me providing unsubstantiated feedback on ignore.

You seem upset that any feedback is not detailed enough, or doesn’t have a confirmed source or is vague. This is a PUBLIC forum Sam, what do you expect? documents? sworn statements? an ABC news reel?

We are all trying to survive this debacle in our own way and sometimes I can give myself and others (accept your apparently) some comfort that things are going to be ok, or conversely if the wheels have fallen off, either way it’s better than doing nothing and complaining about the quality and accuracy of information provided at various times that can and has changed unexpectedly thereafter, and changed of course for AVZ management and their lawyers, who then need to pivot to the next challenge.

Just when management think everything is completed and we should be out of suspension in 4 or 5 days, another challenge presents itself and people like me who provided feedback that is accurate at the time all look like dick heads. You say to yourself why did I bother? and more so after reading your post.

So going forward I’ll still provide the best feedback I can secure, I’ll still put caveats on the information, there won’t be a any documents and names to share regarding the source of information and there’ll be no guarantees that information won’t change after it’s been shared.

If that doesn’t work well for you, I get it. Up to you if you want to read my posts, keep complaining or put me on ignore, take some comfort that at least you can control all those actions which are at your disposal in view of not being able to control the type of information and confirmations you want.

Over the last week I’ve added to my connections and been able to secure additional lines of communication as to what’s going on in the DRC. I will have to consider how to frame current feedback or maybe it’s best to just reiterate that I’m very confident that everything is sorted, all issues have been resolved and in favour of AVZ. A timeline to out of suspension has been discussed, but since previous timelines have not been correct, I’ll keep my power dry on the exact date which should make you happy, if that’s possible.

I look forward to reading the AVZ announcements confirming everything is sorted and ML has been issued, just like you.

Cheers The Fox

Hey y Lady your comments are very much appreciated by myself and in sure others. Thanks for the updates