AVZ Discussion 2022

[Hodlandwin69]

I had to run after the AGM, but did anyone have a chance to ask the board afterwards who specifically they were speaking to from the DRC gov about MOU and progressing Dathcoms Interests?

 

[Doc]

I reported the troll day one, after i even extended a hearty welcome because it said it had 1million shares. Been on ignore ever since, nothing of value has been lost, but definitely clogging up the pages and making it hard for people to see all the great news over the last week.

Back to serious mode next Monday for me, ICSID is moving fast but people should all unstrap themselves for the weekend.

Not much use worrying over DRC submissions to ICSID (nothing really new from them), hearing is on 11th, no delays possible, not much to do but trust in DLA Piper and:

Will update next week, GO AVZ!!!!

Not sure it was mentioned but the young man next to John Clarke was I believe a lawyer for DLA. Was in the thick of it the whole meeting. Basically every question would have him giving advice to Nigel and John before they answered. He did well. At one stage speaking into the microphone to directly shut down the Stooges lawyer with his ‘point of order’ crap.

 

[BEISHA]

hey mate, I actually think I laid out the positive there too

Id love a ML right now, but realistically i'd say best case scenario would be absolutely min 3-4months and everything has to go in our favour for that to happen, chances of that in the jungle against multiple multi-billion dollar corrupt companies and a pack of fraud government officials, well yeah hmmmm

I really want to be proven wrong, I really do

Just remember while most here were positive last yr in suspension I was trying to warn we were months away from anything, so remember my worst case last year was still so far off the mark its not funny, quite happy to point that out and Im trying to learn from all of this as well

some here surely have sore lips from all the missfired trumpet blows, they seem to like setting themselves up for disappointment whle trying to smash anyone who would prefer to remain realistic based on the water under the bridge thus far. I guess thumbing each other up and troll gifs are an outlet of their frustration due to not tempering their own expectations and aligning them to reality. Sad its come to this, but here we are

Id love a ML right now, but realistically i'd say best case scenario would be absolutely min 3-4months and everything has to go in our favour for that to happen.......

Speculation on your part once again........One of the ICC arbitration deliberations AVZ BOD is most looking forward to is the Zijin 15% ROFR steal, proving ZIJIN wasnt a JV partner in Dathcom in the first place, that case could provide a catalyst for all other ICC arbitrations to end swiftly , provide a lighting bolt red flag to DRC govt that ISCID arbitration will also end badly for them and expedite favourable negotiations with AVZ to end the arbitration process and progress Manono.

Believe it or not AVZ hold all the cards, they hold the whip hand , they have proven they are not going to fold under intense corruption, they have conducted themselves to the letter of the law and DRC reputation globally is in tatters with their ongoing corruption scandals which World Bank / IMF recognise and are applying the screws

Something has to give, DRC desperately need emergency funds but they wont get what they need until they change their ways, hence they need to go back to the negotiating table with AVZ pronto and get Manono on the path to production........the crown jewel of DRC which could formulate a battery hub operation, providing jobs, taxes, royalties if only the corrupt grubs could get their heads out of the brown paper trough and look at the big picture.....

Thats speculation on my part too, but i prefer to be positive not negative...

Just remember while most here were positive last yr in suspension I was trying to warn we were months away from anything, so remember my worst case last year was still so far off the mark its not funny

Whats really funny is.............i dont remember Yassen warning us about anything last year, cause you didnt exist, but possibly you did warn us, albeit under a different nic.......

just sayin.

imo

 

[Rediah]

Welcome to HC 2.0

And his first post was all about AVZ? Now shut me down as a cult follower....

View attachment 50427

EDIT: Sorry my bad, in its mind, it was not its first post, so we should give it benefit of the doubt, carry on RAT and make TSE Great Again.

 

[geo_au]

View attachment 50419

Defamation is core to their lawyers business that is why he attended the meeting yesterday.

 

[TheCount]

First strike I see as a win for retail holders. Fancy asking for more money just because they have to travel TO WHERE THE ONLY COMPANY ASSET EXISTS. FFS gents - you knew the mine isn't in WA didn't you?

Second strike and the BOD "may" be voted out:-

A company will receive its second strike if a resolution to adopt the remuneration report for the following year receives another "no" vote of 25% or more of the votes cast. If this occurs, a resolution that a special spill meeting be held must be proposed at the AGM where the second strike is received (section 249L(2), Corporations Act).

A spill meeting must be held within 90 days if that spill resolution is passed by an ordinary resolution (more than 50% of eligible votes cast) (section 250V, Corporations Act).

All directors will be required to stand for re-election and will cease to hold office immediately before the end of the spill meeting, unless re-elected (section 250V(1), Corporations Act). This does not apply to the managing director, who is permitted to hold office indefinitely without re-election (section 250W, Corporations Act) or any director appointed after the most recent remuneration report was approved by the board.

So, the chances of the toads having another crack are infinitesimal, but it does indicate to the BOD they can't just issue bonus' ad hoc..
TC.

 

[Bray]

They’ve defamed themselves with their attempt, likely they’ll be working at godfreys vacuums soon. Hope career suicide was worth it

Onwards and up for the bod, next battle.

 

[John25]

Celebrations may be had on TSE today ..where Yaseen is racing the clock to bring up the quickest 100(posts) on the forum …hope he/she/it doesnt choke in the nervous 90’s
View attachment 50390

Ol mate Yaseen is 110 Not Out time to flush/ignore

 

[LzrTr8dr]

Looks like the clown show have lost the will to continue updating their website after the vote yesterday. They were fairly on the ball beforehand.

 

[wombat74]

I wonder what Tommy Turd Burger is cooking up ? A negative twist on the way no doubt .

 

[Cumquat Cap]

Wonder how much of Zijin's money they managed to blow through, i'm guessing circa 500K

 

[BEISHA]

totally agree with the Zijin 15%, but as said with the election coming up I thought I was being positive by saying 3months minimum, do you honestly expect it quicker than that, or would you say there's more probability on that estimation?


maybe you missed my reply to Jag, but yes I've been pro AVZ for years, on HC, X etc, and got along with almost all holders in the past....but apparently its "timing" that I deserve to be attacked for even though I've openly stated Im pro board, anti MMGA, anti Chinese takeover dogs, etc etc. Its honeslty like many in here have completely lost their marbles

Well apparently MOU discussions were well advanced prior to the MMGA maggots getting involved, so now that they are out of the picture, AVZ can resume discussions with strength and conclude a deal

AVZ BOD have mentioned many times that they want to negotiate favourable terms and get the ball rolling with Manono ASAP, so how long, who knows, i dont have a crystal ball, but if i was FT and with elections looming , i would want to strike a deal and provide the locals with some hope of better times ahead and improve my chances of getting re elected , cause up to this stage, he has achieved fuck all and performed worse than Kabila.

imo

 

[Thaz]

Talk about Defamation:

 

[geo_au]

First strike I see as a win for retail holders. Fancy asking for more money just because they have to travel TO WHERE THE ONLY COMPANY ASSET EXISTS. FFS gents - you knew the mine isn't in WA didn't you?

Second strike and the BOD "may" be voted out:-

A company will receive its second strike if a resolution to adopt the remuneration report for the following year receives another "no" vote of 25% or more of the votes cast. If this occurs, a resolution that a special spill meeting be held must be proposed at the AGM where the second strike is received (section 249L(2), Corporations Act).

A spill meeting must be held within 90 days if that spill resolution is passed by an ordinary resolution (more than 50% of eligible votes cast) (section 250V, Corporations Act).

All directors will be required to stand for re-election and will cease to hold office immediately before the end of the spill meeting, unless re-elected (section 250V(1), Corporations Act). This does not apply to the managing director, who is permitted to hold office indefinitely without re-election (section 250W, Corporations Act) or any director appointed after the most recent remuneration report was approved by the board.

So, the chances of the toads having another crack are infinitesimal, but it does indicate to the BOD they can't just issue bonus' ad hoc..
TC.

Nothing unusual about the BoD asking for bonuses as it applies to many other Aussie BoD's working offshore and is due to the expertise needed in dealing with foreign government's to advance their businesses.

In my opinion they deserve to be well remunerated for achieving their goals that is why I voted for that resolution.

 

[Thaz]

Nothing unusual about the BoD asking for bonuses as it applies to many other Aussie BoD's working offshore and is due to the expertise needed in dealing with foreign government's to advance their businesses.

In my opinion they deserve to be well remunerated for achieving their goals that is why I voted for that resolution.

Working offshore, when the Company's only asset is in DRC is more than expected imo - especially if you are in senior management/executive team.

That would and should form part of their more than adequate salary.

The bonuses should be tired to specific KPI crtieria. $1M in bonuses for spending majority of the time outside of Australia - is not, imo, fair and reasonable to the shareholders of the Company. Especially in a time where cost-cutting measures are important.

 

[Jazz]

I wonder what Tommy Turd Burger is cooking up ? A negative twist on the way no doubt .

Fairly certain it will be a hard hitting piece about how the cookies at the AGM were hard as rocks, which could lead to the delisting of the company.

 

[Samus]

Working offshore, when the Company's only asset is in DRC is more than expected imo - especially if you are in senior management/executive team.

That would and should form part of their more than adequate salary.

The bonuses should be tired to specific KPI crtieria. $1M in bonuses for spending majority of the time outside of Australia - is not, imo, fair and reasonable to the shareholders of the Company. Especially in a time where cost-cutting measures are important.

It appears enough of us voted against resolution 1 to fire off a warning shot against the BOD. Probably helped along by the MMAGOTS but hopefully it keeps them on their toes because if in 12 months time we're still in this situation then I doubt they'll be enjoying the current level of support.
MMGA needed to be ousted but the BOD can't continue taking the piss either.

 

[Roon]

Nothing unusual about the BoD asking for bonuses as it applies to many other Aussie BoD's working offshore and is due to the expertise needed in dealing with foreign government's to advance their businesses.

In my opinion they deserve to be well remunerated for achieving their goals that is why I voted for that resolution.

"In my opinion they deserve to be well remunerated for achieving their goals that is why I voted for that resolution."

Which of their goals do you believe they have achieved Geo? It's a shambles.

That's largely the fault of our opponents, but nonetheless it's difficult to argue that their recent renumeration is in any way results-driven. They should certainly be applauded for the hard work they have done to resist the strategies of our enemies, but we haven't actually achieved much during this renumeration period beyond staving off outright disaster.

 

[Roon]

Fairly certain it will be a hard hitting piece about how the cookies at the AGM were hard as rocks, which could lead to the delisting of the company.

Regarding the de-listing by the way, NF said afterwards that the company will not be seeking the end of the suspension until everything regarding title etc. is fully clarified. When someone questioned whether this meant there may be a de-listing, NF stated that if we are de-listed by the ASX that we will essentially act for a time as a 'private company's until its possible to re-list with the ASX, and if that isn't possible then there are always other exchanges to list on.

I'm not commenting on this claim, just passing on what I heard stated.

 

[Cumquat Cap]

That' is very much NOT what I am looking for, that would be a fkn disaster in my opinion.

Time for management to yield results/turn the pressure cooker up (they seem awfully relaxed all the time while i've gone grey in the past 2 years).