AVZ Discussion 2022

[Onthefm]

Mate its not worth getting upset we are all in this together I even lost my head the other night and said things I regret now , we all need to hold strong trust management I live in a country where money talks I know management is doing all it can to keep AVZ above board , Im up the Java coast surfing with the kids but I like many others have returned to Australia and work and left my family here because of this shit show ,, imagine only seeing your family 4 weeks a year till this is cleared up its out of our control , have a great xmas all

Mate agree with everything you've said except the trust management thing. Could have payed cong for an adjusted price 10 months ago. It was cheap anyway and we'd be spending money on building a mine and our sp would be north of 2 dollars not on lawyers in it seems like every country in the fucken world. So much for managements drc experience. Absolute joke imo. Be nice to them till we get ml then fuck them off as soon as humanly possible. Imo

 

[Carlos Danger]

Mate agree with everything you've said except the trust management thing. Could have payed cong for an adjusted price 10 months ago. It was cheap anyway and we'd be spending money on building a mine and our sp would be north of 2 dollars not on lawyers in it seems like every country in the fucken world. So much for managements drc experience. Absolute joke imo. Be nice to them till we get ml then fuck them off as soon as humanly possible. Imo

Fuck Cong. He signed eyes open on the dotted line.

 

[Mr Inappropriate]

Tell someone who cares, wanker.

Pull your head in.

 

[cruiser51]

Fuck Cong. He signed eyes open on the dotted line.

Amazing from such an astute businessman/thief, an absolute indication he did not know what he was dealing with, same as his stepbrother Klaus, alias Lakes on twitter.

 

[Onthefm]

Fuck Cong. He signed eyes open on the dotted line.

Yep and that's worked real well.

 

[Carlos Danger]

Yep and that's worked real well.

Sure did. AVZ legally own 75% of Dathcom.

Cong doesn't have a prayer at the ICC and he knows it

 

[Onthefm]

Mmm and the last 10 months? And the next 8 10 months whats that going to cost? Monetary & mentaly for sh.

 

[Carlos Danger]

Mmm and the last 10 months? And the next 8 10 months whats that going to cost? Monetary & mentaly for sh.

Ownership isn't the reason for suspension

I've made my view known here before that we should be trading. I don't bang on about it but I really can't see what information is unknown to the market at this point. However, I understand management's reason for the suspension and support them in defending the legal rights of the company.

Anyone that thinks the ICC is going to overturn more than a century of contract law precedent for a knucklehead like Cong is dreaming. I'm not as brave as @JAG to put one of my nuts on the line but there is zero chance he will risk being made liable for damages imo

 

[cruiser51]

Pull your head in.

I'll let you know when I am talking to you.

I will not be bullied by crocs.

I hope you know what a croc is.

 

[Onthefm]

Ownership isn't the reason for suspension

I've made my view known here before that we should be trading. I don't bang on about it but I really can't see what information is unknown to the market at this point. However, I understand management's reason for the suspension and support them in defending the legal rights of the company.

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Anyone that thinks the ICC is going to overturn more than a century of contract law precedent for a knucklehead like Cong is dreaming. I'm not as brave as @JAG to put one of my nuts on the line but there is zero chance he will risk being made liable for

 

[Mr Inappropriate]

I'll let you know when I am talking to you.

I will not be bullied by crocs.

I hope you know what a croc is.

This isn’t hot crapper. Show some respect or fuck off.

 

[Onthefm]

Agree not about ownership. Its about the piper not being payed 10 months ago. Now its morphed into to who knows. Definitely not me. All I'm saying all this shit may have been avoided. Anyhow that's what I reckon. All the best have a great Christmas cheer.


Ps might even open 3 or 4 of those champagne bottles I've had on ice for 12 months. Fuck I hope they're still alright.

 

[DiscoDanNZ]

I'll let you know when I am talking to you.

I will not be bullied by crocs.

I hope you know what a croc is.

Is it a full moon tonight or something?

 

[Carlos Danger]

Agree not about ownership. Its about the piper not being payed 10 months ago. Now its morphed into to who knows. Definitely not me. All I'm saying all this shit may have been avoided. Anyhow that's what I reckon. All the best have a great Christmas cheer.


Ps might even open 3 or 4 of those champagne bottles I've had on ice for 12 months. Fuck I hope they're still alright.

I hear ya. But we would have had him coming back every time the value of the project went up. Plus emboldened the other jackals.

Merry Christmas. I'm sure the champagne is in better shape than any easter eggs you may still have lying around.

 

[cruiser51]

This isn’t hot crapper. Show some respect or fuck off.

If you are not happy, nobody stops you, feel free and leave.

Yes this is not hotcrapper, totally correct, so do not tell me, to behave the way Mr. Inappropriate likes people to behave.

I noticed you joined TSE early May, people will think why not.
Do you understand where I am coming from?

 

[cruiser51]

 

[DiscoDanNZ]

If you are not happy, nobody stops you, feel free and leave.

Yes this is not hotcrapper, totally correct, so do not tell me, to behave the way Mr. Inappropriate likes people to behave.

I noticed you joined TSE early May, people will think why not.
Do you understand where I am coming from?

Are you trying to do the post like Der Geist challenge? You are succeeding if so.

 

[cruiser51]

And here we are so-called share holders asking for class action.

One wonders why people invest in a company, promote a class action to gain 3 cents per share and lose the rest.

Great investment minds ffs, where do they come from?

 

[Carlos Danger]

If AVZ's offer to Cominiere is accepted and implemented at the current shares outstanding of 3.529b then I expect 307m shares to be added to the AVZ register for the DRC government taking total AVZ shares outstanding to 3.836b.

3.836 (100%) - 3.529 (92%) = 0.307 (8%)

The 307m shares would be worth $239.4m AUD at the current share price of 0.78 which at today's AUDUSD exchange rate of 0.67 is worth $160.4m USD. Which leaves a balance of $5.6m USD ($8.3m AUD) left to be paid in cash for a total of $166m USD.

I have rounded these numbers and they are sensitive to the moving exchange rate so they could change a bit. Also the offer was made at a significantly lower share price which would have meant the 8% was worth less and more cash would have been part of the deal.

Will the DRC government be happy with less cash up front?

Not sure and maybe this has been part of the hold up. Again my belief is the preservation of the value of the 8% is a part of why we have been in suspension. There was a major drop in our share price after the Ministerial Decree on May 4th 2022 from around 1.20 to around the current price of 0.78. I don't attribute all of that to just concerns about the Zijin rumours as AVZ never held or claimed to own the 15% in question. Other forces were at play in my opinion.

Just over a year ago Zijin bought around 80m AVZ shares through a subsidiary of a subsidiary called Bellamel (Norton Gold Fields is the middle company). They got salty when we announced the CATL deal and sold enough of those shares to get out of the top 20.


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My belief is Zijin didn't sell all of their holdings and possibly had more shares in other subsidiaries that they were using to push down the value of our offer to the DRC government on May 4th. Management would have been aware of who was selling that week as they get the updated register once transactions have cleared. So the timing of the suspension the week after matches my theory.

Also in general more shares being issued by a company is a dilution of value for existing shareholders. If we do get up to 5b shares and a $20b market cap then those shares would be worth $4.00 each as you say. If we get to the $20b market cap at the 3.83b shares I'm expecting then those shares would be worth around $5.22 each.

Nigel said in interviews earlier this year that the boards preference moving forward is to use debt for financing future costs rather than issuing more shares to maximise future shareholder value. Also we have secured $500m USD in financing for the construction of the mine according to Christian Lukusa in the interview the other day. If we do need to issue more shares then so be it but I can't see us needing to go over 4b shares total.

Not overlooked by everyone imo

 

[BEISHA]

Hi All


Errrrrrr..............Is this the HOT CRAPPER on steroids ?

Cmon everyone, this is TSE, where the smart ones get together and discuss situations with intellect and respect, right or wrong, a place to vent , but not to attack...........remember that ?

Fucking disgrace at the moment .....................farken pull your heads in !! ( no names, no pack drill, you know who you are ... )

Trolls and AVZ detractors are looking in and licking their lips right now.

Its been a fucking tough year with this continued shit show, the real enemy in this disaster is DATHOMIR / COMINIERE / CORRUPT ACTORS OF CAMI / BOATMAN / TOMMY and the COPIOUS SHORTERS .

We can all discuss the merits of whether AVZ bod have been diligent or not in their disclosure obligations, Nigels share holding in AJN till the sun comes down, but we are going down a massive rabbit hole if a CLASS ACTION is to be under taken against AVZ.

Its the last thing we farken need right now, more delays, more shit show, more expense, more mental health demons to navigate and the chances of having a win is ???????

Dont you think its a bit coincidental that this OMNI BRIDGEWAY " class action " article happens to have broken on AFR ?

With ole Tommy arsehole articulating the story ...........

I wonder who his collaborators are ?

You dont have to be judge judy to figure it out do we ?

I for one wont be participating in a class action witch hunt, counter productive, do i think AVZ could of communicated better with "behind the scenes skull duggery" ?.............YES

But does disclosure rules cover innuendo ?

Thats the grey area in all of this.


One thing i am very confident of .............is that AVZ has good legal title to 75%

I trust AVZ bod in that regard and the recent intel that is shared by our amazing sleuths @ TSE is kind of supporting that fact.....hopefully......


Fuck I love FRANCK FWAMBA.......


2023 , is election year for FELIX " wait a while ".............he needs to score some runs and stop farking talking , if he had a brain he would honour the IGF report , clean out CAMI and award AVZ the ML.......then he has a chance for re election.


In the mean time, we all need to be kind and respect one another and be prepared for another long haul of waiting for the worm to turn .

We are all stuck in the mire TOGETHER, we will ALL get out of the mire TOGETHER too..........with the ML as the long awaited prize, the KEY to our future wealth & health.


Just a matter of ..........when ?