AVZ Discussion 2022

[CeckRaiseFold]

I hope you had a good laugh at there is NO plan B lol.

Even i had a giggle at that one.

There is a plan C mind you.

Keep paying salaries until the $48m has gone and we have used the money from the ATM facility. The fact he even called it an ATM shows the bloke is way out of his league.

Peter principle at its finest.

ROFLMAO

It's you who has no clue:

ATM = "at The Market Subscription Agreement" basically a $50mln draw down loan by issuing shares at market value to the institution offering the loan.

Do you really think he referred to a money machine on the street?

 

[Scud458]

Sorry if i missed it, but to be 100% clear, is the hold up on the ML because CAMI has not issued the surface fee to be paid by AVZ?

 

[Skar]

Sorry if i missed it, but to be 100% clear, is the hold up on the ML because CAMI has not issued the surface fee to be paid by AVZ?

Yes

 

[Modo]

It's you who has no clue:

ATM = "at The Market Subscription Agreement" basically a $50mln draw down loan by issuing shares at market value to the institution offering the loan.

Do you really think he referred to a money machine on the street?

Fully aware.

More dilution (SOI), mind you at what price when in suspension?

4c ?

Seriously what institution would buy if in suspension if no guarantee to trade?

Name one that is not the equivilant of a loan shark?

 

[Hong BAE]

Agree, also did not feel great when discussing cash position ($48mln + $50mln ATM) to hear that the Board will be monitoring expenditure on a quarterly basis if things do not go proceed as expected and that they'll have to look into reducing spending. Why say that if you believe ML will come through soon?

I guess this is simply showing BoD being prudent on the use of cash which is what we, as owners would want from the management. Whilst all of us are wishing that the ML will come through soon, nothing is guaranteed until ML is issued.

 

[Mr Clean]

Sorry if i missed it, but to be 100% clear, is the hold up on the ML because CAMI has not issued the surface fee to be paid by AVZ?

Yes. They have refused to issue it

 

[ptlas]

ETA of ML TBA giggle, giggle

But it could be earlier

 

[Ashlee]

Seriously if you want to lose your money go ahead dumbest comment so far today

249D roll the board

 

[whales]

Yes. They have refused to issue it

As mentioned before.
Who can override the DG of CAMI and the Minister of Folio.
?
Surely Momentum knows tge answer.

 

[Samus]

As mentioned before.
Who can override the DG of CAMI and the Minister of Folio.
?
Surely Momentum knows tge answer.

Felix mate, the prick has done nothing.
Useless as tits on a bull.

 

[cruiser51]

249D roll the board

 

[Mr Clean]

Felix mate, the fat pricks done nothing.
Useless as tits on a bull.

Agreed. Seems he is happy to let everyone else do the work. Shows up to photo ops for the media

I wish Julian the Minister of Industry had the top job. That bloke is a legend. Actually wants to improve the lives of the people in the DRC, and working hard to make it happen.

 

[wombat74]

Well Nigel put the Green Grub in her place . Basically saying it has nothing to do with her and she should keep quiet . Nth/CDL has not been relinquished and Klaus' claims are a load of sh1t .
Overall I was quite pleased . The laugh when asked about when they expect the ML probably had do with the egg on face from divulging too much at the RS . The 15th now gone , pre Xmas is still in play .

 

[obe wan]

Watched the AGM online as I'm east side; presented well ; some good questions asked and answered well......where were all the pitchforks and pineapples that were over promised ....certainly under delivered

 

[Onthefm]

100% there was no confidence on the whole front table, NF was nervous/ shell shocked and admitted NFI when or if ML would be issued - unbelievable, then . Earlier hinted if we start to run out of money, will have to slow down (So running out of money is on the table now) - but got 50M loan can draw on!. As for the rest of BOD squirming in their seats, saying nothing arms crossed, eyes down. And Chairman, he exudes confidence, doesn’t he…

Get some executives/ professionals with drive and experience …

Easter 2023, b4 we hear anything as DRC shutting down for holidays now. Election March 2023, if Felix out, then AVZ is over and out = class actions?

No online Q&A answered, none! Meeting terminated all of a sudden early

We are snookered, wish they would just offload/ onsell above $1 -2, but maybe can’t even do that now we are boxed into a corner.

Filthyrich, you were there, are you still confident, or shot too?

AIMHO, DYOR

Imo stop drilling the world knows its the bigest best recourse on the planet already.spend the money on 10m ton dfs get fid all but signed get them finished as quick as possible then put the for sale sign up. Then see if the yanks or euros let china get it. If they do drc deserves them. I mean the political powers deserve them. Because if we run out of money we are rooted.

 

[ptlas]

Felix mate, the prick has done nothing.
Useless as tits on a bull.

Depends if the bull is transitioning or not.

 

[Azzler]

Well Nigel put the Green Grub in her place . Basically saying it has nothing to do with her and she should keep quiet . Nth/CDL has not been relinquished and Klaus' claims are a load of sh1t .
Overall I was quite pleased . The laugh when asked about when they expect the ML probably had do with the egg on face from divulging too much at the RS . The 15th now gone , pre Xmas is still in play .

Mate my take is ML within 6 months, 50/50.
Hope to hell I'm wrong, but I don't think I am.
They are making progress, but zero indication anything soon or even next 2 months is likely.
Bottom draw this otherwise its months of more pain.

 

[Retrobyte]

As mentioned before.
Who can override the DG of CAMI and the Minister of Folio.

Their deputies, when they are out of the country.

 

[obe wan]

249D roll the board

249D...wannabe nuts to roll that one ; last thing you want at this stage, is for any of the uppers to be made walk the plank ; as frustrating as it is, these guys know what's going on and have relationships made, no matter how strong any of those are, they would be much better than most guys come g on to replace....unless Klaus of course...i reckon he'd have the ML by lunch time tomorrow

 

[CDK222]

100% agree. I wonder how many who are wanting blood will be turn coats once we get the licence. So easy to kick someone when they are down. My thoughts are, when the going gets tough, AVZ shareholders front up. Not throw their toys !!! We need to be resolute, reading these comments must be making the shorters laugh their arses off !!!

I think it’s more a case of down rampers coming out to create some chaos and feed negativity.

I left the AGM in pretty much in the same frame of mind I went in. Were any of us truly expecting new info???? (but was still hoping) especially when we all know who else is listening?