AVZ Discussion 2022

[oxxa23]

I reckon you are on the money, Money.

The ASX did us a massive favour by forcing our suspension. Without it we might be trading now at just a few cents, making a hostile takeover/buyout mere child's play.

In the fullnesss of time we might well hear of a coordinated effort across government agencies (ASX, FIRB, DFAT, Spooks) to help us. My belief is that those agencies recognised both the corrupt and coordinated attacks on us, as well as the strategic importance of the asset, to offer us the protections that we needed in the form of a trading suspension. I'd put money on it.

They don't force you to trade because of non compliance, they suspend you... no way we were ever trading when not answering questions... whether that was clever by avz or somewhat discussed with asx, we won't know... but, asx went by the rule book regardless on this

 

[oxxa23]

The case of AVZ relisting is not that difficult. I believe the Cosecs are in regular contact with the ASX compliance officers, so a lot of the info ASX require may already have been submitted. The only reason for the forced suspension is AVZ do not want to disclose information that can be used to benefit those who are fucking us over. Once the resolution has been reached, it’s a matter of disclosing all relevant information, ASX being satisfied with it, then notice of date for recommencement of trading advised.
It’s not like other companies who may be needing large capital raises with guarantees to relist, or companies making a large acquisition that maybe considered a change in business or require a Prospectus. Those cases can and do take a few months because of the major change in business direction and may require a new Constitution.
If AVZ have been keeping ASX informed, I think it will be only a few weeks for relisting once all relevant info can be disclosed and announced to the market.

Here's hoping, albeit a week or month longer won't matter to me... but, understand those keen for relisting if they need some cash, feel for those unlucky buggers

 

[timb89]

This is great news.

SPEAKERS | Drc Africa Battery M

www.drc-africabatterymetals.com

 

[rocco]

Why is everyone talking about trading again, did I miss something was there some solid news from @MoneyBags1348 next door neighbours pet beagle?

 

[FilthyRich2]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

 

[tonster66]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

Its not like they have had a lot to do in the past 19 months

 

[hedrox]

from the new updated battery council website....

 

[Cumquat Cap]

Hopefully we have some good news to discuss by then, Will be embarrassing if not. And also hope avz holds strong and refuses to pull out should ml yet to be received by this date.

 

[BRICK]

Please give me at least a weeks notice to warm the fat lady up before she sings.



Sorry Gina I do love you

 

[TDITD]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

Two months is a long time.
A long time for shareholders to pour over the BFS.
Also a long time for any possible interested parties to register interest
Will certainly be an eventful two months after the ML/PE is given, many announcements expected and many that could eventuate too

 

[Xerof]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

AR due out around mid-October Filth @FilthyRich2

Would it dovetail with audit prep on short form prospectus ?

7

 

[FilthyRich2]

Possibly but I would suspect the dates referred to will not be 30th June 2023
Shortform needs to be more current
Will be an update to perhaps a 31st August or 15th September date
I don't think they can make that call quite yet.
Auditors may be getting confidence with post 1st July 2023 transactions to enable them to provide a limited assurance on the supplementary prospectus.
Auditors likely not to sign off on 30th June 2023 financials till as late as possible. (possibly only a day or two before the audited accounts release)
The reason being they are considering the impairment implications of the capitalised mining assets.
If no mining licence is issued, they would consider this an impairment on carrying value of assets unless they are written down.
In a situation of no ML, I would expect a qualification in the auditors report.
If ML licence is issued by audit sign off date, everything is Hunky Dory.

 

[Xerof]

Thank you mate, more detail than I expected but much appreciated

 

[Samus]

View attachment 43648

This is great news.

SPEAKERS | Drc Africa Battery M

www.drc-africabatterymetals.com

Did everyone forget the DRC battery forum where Serge Ngandu sat there with his arms folded, did a pretty bad job of describing the Manono project for lack of key details then the insulted the President?
I'll never forget that farcical event when it became clear the DRC have nfi and were way way behind in their aspirations.
Then we ended up in this shitshow with no mention of the event by the DRC government ever since.

 

[Winenut]

Did everyone forget the DRC battery forum where Serge Ngandu sat there with his arms folded, did a pretty bad job of describing the Manono project for lack of key details then the insulted the President?
I'll never forget that farcical event when it became clear the DRC have nfi and were way way behind in their aspirations.
Then we ended up in this shitshow with no mention of the event by the DRC government ever since.

Yes I had forgotten that

But with 66 weeks of excessive drinking due to this ridiculous fucking shitshow I guess there's gonna be a few details that end up sliding....

 

[Doc]

Yes I had forgotten that

But with 66 weeks of excessive drinking due to this ridiculous fucking shitshow I guess there's gonna be a few details that end up sliding....

Maybe in the last 66 weeks he has brushed up on the business to give a better account of it now?

 

[JAG]

Happy Fathers Day to all the dads, past present and future!

P.S there is no subliminal message here for those who wear alfoil on their head

 

[Misfits]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

I have asked mate and been around the traps. IMO , 2 months is a big stretch. Let’s wait and see. First things first.

 

[Misfits]

The case of AVZ relisting is not that difficult. I believe the Cosecs are in regular contact with the ASX compliance officers, so a lot of the info ASX require may already have been submitted. The only reason for the forced suspension is AVZ do not want to disclose information that can be used to benefit those who are fucking us over. Once the resolution has been reached, it’s a matter of disclosing all relevant information, ASX being satisfied with it, then notice of date for recommencement of trading advised.
It’s not like other companies who may be needing large capital raises with guarantees to relist, or companies making a large acquisition that maybe considered a change in business or require a Prospectus. Those cases can and do take a few months because of the major change in business direction and may require a new Constitution.
If AVZ have been keeping ASX informed, I think it will be only a few weeks for relisting once all relevant info can be disclosed and announced to the market.

Spot on Chilla!

 

[Colaci78]

Here’s an interesting read.

https://www.proactiveinvestors.com.au/companies/news/978191/the-drc-battery-council-building-the-sustainable-battery-supply-chain-of-tomorrow-978191.html#:~:text=to be overcome-,What is the DRC Battery Council?,chain and market in Africa”.