AVZ Discussion 2022

[antimatter]

It's interesting that whoever is behind the Cominiere account said there is a new management there already... of which Franck refuted by saying... "Cominiere does not yet have a new management and you know it. It is the old ones who continue with the same practices. The Congolese population is impatiently awaiting the appointment of new representatives after those of Sodimico, KisengeManganese, Sakima, Miba, Sokimo, GCM."

 

[oxxa23]

Wowsers.... Frank the "fark cominiere" tank going at it....

Kind of feels like he's going for the tom Cruise and Jack Nicholson playbook

 

[Winenut]

It's great to see one of our own is right in there with Franck

More power to ya TITS

 

[Li-AusPol]

 

[Li-AusPol]

Jens Emil Soderlund

@emil_jens
$AVZ SHAREHOLDERS

Am hearing that some people are being contacted by the Chinese shareholders with the view to holding an EGM to remove directors.

If that’s the case all Australian shareholders will lose out, as Nigel and our BOD are fighting hard to get the entire licence for us including the extra 15%.

If the Board is removed then the new board will simply withdraw any ICC and ICSID actions and change management so that they can cut a deal for themselves to be in control and will most likely IMO “sell” out asset to one of their Chinese mates at a discounted rate.

Say NO to any Chinese driven EGM

and

If you have been approached please write to FIRB and advise them of this concerted action by Chinese entities working against Australian and our interests.
11:52 PM · Aug 4, 2023

 

[Fletch77]

Jens Emil Soderlund

@emil_jens
$AVZ SHAREHOLDERS

Am hearing that some people are being contacted by the Chinese shareholders with the view to holding an EGM to remove directors.

If that’s the case all Australian shareholders will lose out, as Nigel and our BOD are fighting hard to get the entire licence for us including the extra 15%.

If the Board is removed then the new board will simply withdraw any ICC and ICSID actions and change management so that they can cut a deal for themselves to be in control and will most likely IMO “sell” out asset to one of their Chinese mates at a discounted rate.

Say NO to any Chinese driven EGM

and

If you have been approached please write to FIRB and advise them of this concerted action by Chinese entities working against Australian and our interests.
11:52 PM · Aug 4, 2023

‘If that is true it looks like the last desperate roll of the dice by the Chinese thugs.

Looking forward to hear the opinions of the more knowledgeable holders here about the logistics of them trying this.

 

[Doc]

Can one of the more knowledgeable posters tell me if they get to a EGM what % of votes would they need to change the board?
I’m a bit disappointed I haven’t been contacted. Would love the opportunity to tell them to get fucked over the phone

 

[Xerof]

Jens Emil Soderlund

@emil_jens
$AVZ SHAREHOLDERS

Am hearing that some people are being contacted by the Chinese shareholders with the view to holding an EGM to remove directors.

If that’s the case all Australian shareholders will lose out, as Nigel and our BOD are fighting hard to get the entire licence for us including the extra 15%.

If the Board is removed then the new board will simply withdraw any ICC and ICSID actions and change management so that they can cut a deal for themselves to be in control and will most likely IMO “sell” out asset to one of their Chinese mates at a discounted rate.

Say NO to any Chinese driven EGM

and

If you have been approached please write to FIRB and advise them of this concerted action by Chinese entities working against Australian and our interests.
11:52 PM · Aug 4, 2023

@muks @FilthyRich2 @Deboss @BenGriffo

Any of you or your associates had an approach?

 

[Dazmac66]

Maybe they have realized we are fast approaching "September or early October" and the chances of any further bullshit stalling tactics are likely to be rejected.

 

[Carlos Danger]

Can one of the more knowledgeable posters tell me if they get to a EGM what % of votes would they need to change the board?
I’m a bit disappointed I haven’t been contacted. Would love the opportunity to tell them to get fucked over the phone

>50%

 

[Lichione]

Jens Emil Soderlund

@emil_jens
$AVZ SHAREHOLDERS

Am hearing that some people are being contacted by the Chinese shareholders with the view to holding an EGM to remove directors.

If that’s the case all Australian shareholders will lose out, as Nigel and our BOD are fighting hard to get the entire licence for us including the extra 15%.

If the Board is removed then the new board will simply withdraw any ICC and ICSID actions and change management so that they can cut a deal for themselves to be in control and will most likely IMO “sell” out asset to one of their Chinese mates at a discounted rate.

Say NO to any Chinese driven EGM

and

If you have been approached please write to FIRB and advise them of this concerted action by Chinese entities working against Australian and our interests.
11:52 PM · Aug 4, 2023

Being with avz since 2019 and was in last year's Sydney shitshow, I would love ML with 90% of entire tenement.
The question is when and whether our cash can survive until then.

As a mum-and-dad holder, our avz investment is quite significant to the family and If any chance they can get released, would help mortgage etc in current circumstances. Yes, disappointingly, that might mean I am in the opinion of supporting negotiation/ discount/ TO etc, and matter to me is, by how much.

Also really want to get over the shit and stress. I believe a lot of members in this forum agree this view, some are happy to let go north for RD licence, some are happy for $12, (or 15 for z) plus cap. The matter is what's the outcome.

After that , I don't even need to think drc, zijin ....

Enjoy the weekend

 

[tonster66]

>50%

That would be easy to achieve I would think?

 

[Doc]

In the ICC Emergency Arbitration Proceedings it was ruled that Cominiere must pay 90% of AVZ's legal costs. Do we know if this happened? I cant see anything on qtrly. I believe it was circa $180k

​

 

[Doc]

That would be easy to achieve I would think?

Hopefully a few at the big end of town would vote no

 

[Mr Inappropriate]

Franck yet again teaching Kibeya a lesson

View attachment 41387
View attachment 41388
View attachment 41389

We paid $6m to Cominiere? Can someone please remind me what was for.

 

[Azzler]

We paid $6m to Cominiere? Can someone please remind me what was for.

For the 60% in dathcom.

 

[Scoota30]

Smells like we are getting really close! Come on Nige, take it home and give us the ASX Announcement we've all been waiting for!

 

[antimatter]

Can one of the more knowledgeable posters tell me if they get to a EGM what % of votes would they need to change the board?
I’m a bit disappointed I haven’t been contacted. Would love the opportunity to tell them to get fucked over the phone

Only need 5% of votes to call an EGM....

Sections 203C/D cover director removal by shareholders. For a public company this is done by Convening Shareholders’ Meeting

Under s.203D(2) a ‘notice of intention’ [given by a shareholder] for a motion to remove a director must be given to the company at least 2 months before an EGM is to be held – although such meeting can be held before the 2 months is up. The company must give the subject director a copy of the notice as soon as possible after receipt.

The director is entitled to put his case to shareholders by giving the company a written statement for circulation to shareholders and to speak to the motion at the meeting – s.203D(5)/(6). Note that the usual 21 days’ notice (28 days for a listed company) applies as the ‘short notice’ provision is not available for removal of a director – s.249H(3).

Removing of director(s) is considered as ordinary resolution (only needs >50% to pass) and not special resolution (needs >75% to pass).

 

[MoneyBags1348]

Only need 5% of votes to call an EGM....

View attachment 41413

Sections 203C/D cover director removal by shareholders. For a public company this is done by Convening Shareholders’ Meeting

Under s.203D(2) a ‘notice of intention’ [given by a shareholder] for a motion to remove a director must be given to the company at least 2 months before an EGM is to be held – although such meeting can be held before the 2 months is up. The company must give the subject director a copy of the notice as soon as possible after receipt.

The director is entitled to put his case to shareholders by giving the company a written statement for circulation to shareholders and to speak to the motion at the meeting – s.203D(5)/(6). Note that the usual 21 days’ notice (28 days for a listed company) applies as the ‘short notice’ provision is not available for removal of a director – s.249H(3).

Removing of director(s) is considered as ordinary resolution (only needs >50% to pass) and not special resolution (needs >75% to pass).

Might explain the real reason for the ICC delay. A good announcement by the company in the next week or two should see shareholders stay loyal to AVZ.

As many have said, it would be a desperate last ditch attempt by the Chinese who have been trying to usurp us this whole time.

The BOD and exec’s have been fighting these corrupt entities this whole time and between FIRB and the majority of shareholders (who have stayed strong against the corrupt Chinese companies involved) I personally see a positive update on our situation in the DRC, a new joint venture partnership that still includes CATH, and a positive outcome.

Shareholders here know I’ve always been sceptical of rumours and good news, not this time!

 

[Doc]

Only need 5% of votes to call an EGM....

View attachment 41413

Sections 203C/D cover director removal by shareholders. For a public company this is done by Convening Shareholders’ Meeting

Under s.203D(2) a ‘notice of intention’ [given by a shareholder] for a motion to remove a director must be given to the company at least 2 months before an EGM is to be held – although such meeting can be held before the 2 months is up. The company must give the subject director a copy of the notice as soon as possible after receipt.

The director is entitled to put his case to shareholders by giving the company a written statement for circulation to shareholders and to speak to the motion at the meeting – s.203D(5)/(6). Note that the usual 21 days’ notice (28 days for a listed company) applies as the ‘short notice’ provision is not available for removal of a director – s.249H(3).

Removing of director(s) is considered as ordinary resolution (only needs >50% to pass) and not special resolution (needs >75% to pass).

Not sure why Chinese entities would be ringing around to get 5%. They'd have it easy. If its true it must be more to gauge how close to the 50% they are.