AVZ Discussion 2022

[M.Bison]

All this talk of RIO getting involved. Absolute buckleys if you ask me. Unless there is something truly amazing happening behind the scenes, I honestly think we could flog this off to Zijin and Ivanhoe. They have shown they can operate in the DRC. They can get mining licenses and we can't. Seems to be the sad reality of the situation. I genuinely think AVZ running this mine would be fantastic for locals, and great for further investment in the DRC going forward. The political climate just doesnt seem to want to allow it.

Its all well and good for management to want to go mining. They make 500k a year regardless of how long it takes. Not as easy for your average shareholder to make that call.

 

[DiscoDanNZ]

It would seem the DRC government is like being at the circus, when they lose control of the clown car, and it crashes into the lion cage, and the lions start eating the clowns, and some of the clowns are screaming and running around, tripping up in their oversized clown shoes during the turmoil, and others are fighting back as best they can because, you know, clown versus lion, figure the odds, and there's blood and gore, red noses and brightly coloured wigs going everywhere, and people in the stands are screaming at the horror and covering the children's eyes, or trying to, and some want to do something but aren't sure what to do because, you know, clowns and lions, it's not like there's a class for that, and then the confetti cannon goes off because in all the confusion nobody thought to turn off the timer on the confetti cannon, so there's all these little bits of coloured paper gracefully fluttering down over all the chaos of lions eating clowns and people screaming and running around waving their hands in the air and you're there and it's a story you want to tell your grandkids when you have them. That's the DRC government.

(Note: stolen and edited from elsewhere on the internet.)

Exactly, here is a visual depiction of your accurate analysis:

 

[MoneyBags1348]

I’m just waiting for Moneybags to wake up and give his opinion on ‘ol Tommy

View attachment 19813

My opinion on old Tommy is pretty much the same as everyone else here.

My opinion every time I hear anything by the DRC government is that it reminds me of a barrel of half witted monkeys, although I feel that @Uglybob put it much more eloquently.

My opinion on the Roadshows giving us dividends, a JV, a ML and all the other goodies many here think…. Well let’s just say you forgot to include the smoked salmon and caviar canapés, lobster and Dom Perignon

In times like these I think it’s best to just go back to my youth and listen to some good old fashioned magic mushroom music

 

[antimatter]

I’m just waiting for Moneybags to wake up and give his opinion on ‘ol Tommy

View attachment 19813

Not MB, but I think that weasel Tommy is a fucking cocksucker, cum eater arsehole who is on the Chinese payroll, and will end up being royally fucked and spitted out by the Chink one of these days....rant over.

 

[Remark]

Not MB, but I think that weasel Tommy is a fucking cocksucker, cum eater arsehole who is on the Chinese payroll, and will end up being royally fucked and spitted out by the Chink one of these days....rant over.

Glad to see you're not holding back there AM

 

[M.Bison]

This kind of reaction to Tommy's article, and the same reaction to the first one, is why its personal for him now. I think he wrote a pretty shit article initially, got absolutely butchered and then just said fuck it, I hate all these AVZ pricks. In a way I don't blame him, given some of what I read in reply to that initial article. Catch more bees with honey people. Anger never changed anyones opinion. That ships sailed now anyways.

 

[Winenut]

Glad to see you're not holding back there AM

Thus passeth another mantle...

 

[Winenut]

This kind of reaction to Tommy's article, and the same reaction to the first one, is why its personal for him now. I think he wrote a pretty shit article initially, got absolutely butchered and then just said fuck it, I hate all these AVZ pricks. In a way I don't blame him, given some of what I read in reply to that initial article. Catch more bees with honey people. Anger never changed anyones opinion. That ships sailed now anyways.

I thought journalists were impartial?....

 

[M.Bison]

I thought journalists were impartial?....

Human emotion trumps all.

 

[Thaz]

This kind of reaction to Tommy's article, and the same reaction to the first one, is why its personal for him now. I think he wrote a pretty shit article initially, got absolutely butchered and then just said fuck it, I hate all these AVZ pricks. In a way I don't blame him, given some of what I read in reply to that initial article. Catch more bees with honey people. Anger never changed anyones opinion. That ships sailed now anyways.

The issue most people have is the fact that Tommy's articles were based on unsubstantiated information i.e. the boatman capital.

Journalistic integrity has gone down the shitter and this is a prime example.

Just reporting on what has been allegedly said by a Chinese co about a Aussie co.... Without even reading into or verifying the facts.

 

[Remark]

Human emotion trumps all.

More likely greed forcing his hand.

 

[Bray]

If it wasn’t for modern day ruling, natural selection would’ve got that tommy fuck years ago

 

[cruiser51]

Not MB, but I think that weasel Tommy is a fucking cocksucker, cum eater arsehole who is on the Chinese payroll, and will end up being royally fucked and spitted out by the Chink one of these days....rant over.

 

[John25]

Ok ok ok SHs Bags is on the mushrooms ... raining down here after I just bought ( yes bought) water ... let’s have a laugh

 

[oxxa23]

We have plenty of money in the bank. $60m AUD at end of June 2022. The cynic in me thinks that the capital raise in December 2021 was done with full knowledge by management that a suspension to deal with Zijin and Dathomir issues may be needed in 2022 so they made sure there were sufficient funds to pay themselves and the lawyers for at least 2 years.

Also not sure a public capital raise can be done while in suspension. I know private placements can be. Happy to be corrected if anyone knows it definitely can be done but I don't think the roadshows will be for that purpose unless we need heaps more money to build the mine because we have the licence.

Hi Carlos,

I'm pretty sure WKT just did a raise while in suspension...

 

[j.l]

It would seem the DRC government is like being at the circus, when they lose control of the clown car, and it crashes into the lion cage, and the lions start eating the clowns, and some of the clowns are screaming and running around, tripping up in their oversized clown shoes during the turmoil, and others are fighting back as best they can because, you know, clown versus lion, figure the odds, and there's blood and gore, red noses and brightly coloured wigs going everywhere, and people in the stands are screaming at the horror and covering the children's eyes, or trying to, and some want to do something but aren't sure what to do because, you know, clowns and lions, it's not like there's a class for that, and then the confetti cannon goes off because in all the confusion nobody thought to turn off the timer on the confetti cannon, so there's all these little bits of coloured paper gracefully fluttering down over all the chaos of lions eating clowns and people screaming and running around waving their hands in the air and you're there and it's a story you want to tell your grandkids when you have them. That's the DRC government.

(Note: stolen and edited from elsewhere on the internet.)

You could equally apply this to "Team Australia" -- the media, the stock investment community and the government -- who have been outstanding in joining forces to challenge the Chinese stranglehold on the lithium supply chain (not).

Opportunity slipping through our fingers while we take aim at our own foot.

Once again, China play the long game and we act like footy supporters. Go Australia!

</cynical mode off>

 

[Carlos Danger]

Hi Carlos,

I'm pretty sure WKT just did a raise while in suspension...

Thanks for that. Interesting structure they did with shares only offered to existing shareholders at around a 50% discount to last traded price. Also it seems they went into suspension due to financing issues around not being able to access a bank loan.

But it definitely looks like it is possible to raise funds on market while suspended at least through existing holders.

 

[Winenut]

Sorry all just looking for a bit of info and I'd thought I'd throw it out there as we have a few accounting and tax types in the Group

Does anyone know the answer to the question below or able to provide any guidance?

If a person (who is holder of shares) dies on an ASX non-trading day (ie a weekend) what price should be used for the cost base of the shares for the beneficiaries of the estate???

Is it the closing price on the last trading day prior to death?? Or potentially the opening or closing price on the first trading day after death??

I've been doing plenty of digging but can't seem to get a definitive answer to my problem or a guideline or ruling from the ATO site

 

[John25]

Sorry all just looking for a bit of info and I'd thought I'd throw it out there as we have a few accounting and tax types in the Group

Does anyone know the answer to the question below or able to provide any guidance?

If a person (who is holder of shares) dies on an ASX non-trading day (ie a weekend) what price should be used for the cost base of the shares for the beneficiaries of the estate???

Is it the closing price on the last trading day prior to death?? Or potentially the opening or closing price on the first trading day after death??

I've been doing plenty of digging but can't seem to get a definitive answer to my problem or a guideline or ruling from the ATO site

Nut ..if we stay in suspension for another 6+Months there might be a few of us with that problem …

 

[Carlos Danger]

Sorry all just looking for a bit of info and I'd thought I'd throw it out there as we have a few accounting and tax types in the Group

Does anyone know the answer to the question below or able to provide any guidance?

If a person (who is holder of shares) dies on an ASX non-trading day (ie a weekend) what price should be used for the cost base of the shares for the beneficiaries of the estate???

Is it the closing price on the last trading day prior to death?? Or potentially the opening or closing price on the first trading day after death??

I've been doing plenty of digging but can't seem to get a definitive answer to my problem or a guideline or ruling from the ATO site

It is the price on the date of death so for the weekend it would most likely be the price at close of trade on the last trading day before the death imo.

With anything like this it is always best to give the ATO a call. I've always found them quite helpful for working out these type of questions.