AVZ Discussion 2022

[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).

 

[Winenut]

Just wanted to add my sincere thanks to those on the forum who attended the AGM yesterday and have subsequently shared the experience with us today

We are privileged here to have some incredibly genuine, hard-working and concerned shareholders who understand the community spirit that keeps us bound together through these difficult and challenging times and who are willing to go the extra mile for the greater good

I think I would have lost my mind some time ago without the opportunity to share the AVZ experience with others here on TSE and for that I am eternally grateful

My take on it all at the moment is that we have had a decent win over the MMGA goons and sent a strong message to them that they and their Chinese masters can fuck right off

Nevertheless it's only one more battle that we have won in a larger war that looks to be far from over

Still everyone should take a moment to reflect on all the hard work by contributors on social media that massively helped nullify and ultimately defeat the corrupt attempts to overtake the Board and take a small amount of time to acknowledge and enjoy the victory

With regard to the remuneration report I understand why many didn't support the resolution although I did simply to try and add some protection to the current board on the remuneration 2 strike spill

We may have to deal with that next year and it may be an opportunity for the Goon Squad to have another crack but we will have to cross that bridge if or when we come to it

I will say though it has sent a message to the Board that shareholders want to see tangible results and outcomes and KPI's achieved going forward before bonuses are considered or paid out

I am certain the current Board will take careful note of that strong message that was delivered via the AGM

So after a brief pause to appreciate defeating MMGA and Fat Slob Holdings it's going to be back to work supporting AVZ and the Board in their efforts to progress the MOU, secure the ML and get Manono up and running for the benefit of all stakeholders, shareholders, the good people of Manono and the broader population of the DRC

Let's go AVZ!!

#FuckZijin
#FuckMMGA
#FuckHuljich
#FuckCarrick
#FuckLudbrook
#FuckCorruption
#FuckCong
#FuckTommyRichardson (twice)
#FuckTheAFR


#FuckYEAH!

 

[LOCKY82]

Der Geist is at it again! Who is this guy!?!?

 

[SilentOne]

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.

Hi Thaz,

I hope this message finds you well. I wanted to take a moment to express my strong support for the Board of Directors (BOD) and the exceptional work they've been doing.

In my view, their performance has far exceeded the expectations typical in the corporate world. The challenges they've faced, especially in dealing with corrupt parties in the DRC, have showcased their commitment to upholding ethical standards and navigating complex situations with integrity.

I believe the BOD has gone above and beyond what is normally anticipated, and their strategic approach to positioning the right individuals in key roles within AVZ is crucial for the best outcomes for us, the shareholders.

I can't help but commend their efforts, especially considering the challenging circumstances. Their dedication merits every cent they receive, including bonuses. It's important to recognize that the complexities of their roles go beyond what most people would willingly undertake.

At the end of the day, I firmly believe that the compensation they receive is a fair reflection of the value they bring to the company. We truly get what we pay for, and in this case, the Board's performance speaks for itself.

Regards,


Silent One

 

[Retrobyte]

Just wanted to add my sincere thanks to those on the forum who attended the AGM yesterday and have subsequently shared the experience with us today

We are privileged here to have some incredibly genuine, hard-working and concerned shareholders who understand the community spirit that keeps us bound together through these difficult and challenging times and who are willing to go the extra mile for the greater good

Still everyone should take a moment to reflect on all the hard work by contributors on social media that massively helped nullify and ultimately defeat the corrupt attempts to overtake the Board and take a small amount of time to acknowledge and enjoy the victory

Well said, Wino.

The other thing to acknowledge is the number of shareholders who showed their support for the BOD by nominating for director positions - this is a response that clearly demonstrated that holders were not just going to sit back and let MMGA stroll in. It was a brave move for shareholder nominees to put their names up for public scrutiny.

And shareholders of all shapes and sizes stepped up and made their views known - an additional 1 billion votes were cast this year (c.2.4Bn) compared to last year (c.1.4Bn). Well done to everyone who voted.

 

[antimatter]

It's only 3pm in Melbourne and I have already started with the first glass of red. So, whatever I write is may be under influence.

With the heading of today's announcement "Strong Vote of Confidence for AVZ’s Board of Directors...", the BoD better be not sleeping on their laurels and fucking around the next 6-12 months without delivering noticeable progress to the current situation, and continuing to high-five each other and giving each other bonuses for the job well done. The reality is that facing with two evils being either the BoD or MMGA, shareholders went with the lesser evil yesterday.

However, the BoD are now living under borrowed time and within the next 6 months, they better treat the situation with utmost urgency, especially when dealing with the DRC government. Play time is over with the DRC and no more being Mr. Nice Guy please AVZ BoD. Until the DRC government shows the first concrete evidence of being serious about advancing Manono with AVZ, it should be all out war with the DRC via the ICSID. Anything else will be just a waste of time as we have seen the last 18 months. If the BoD allow the DRC Government's corrupt actors, Zijin, and the CCP to drag this on another 12 months without substantial progress, then all bets are off!

 

[Dave Evans]

Just wanted to add my sincere thanks to those on the forum who attended the AGM yesterday and have subsequently shared the experience with us today

We are privileged here to have some incredibly genuine, hard-working and concerned shareholders who understand the community spirit that keeps us bound together through these difficult and challenging times and who are willing to go the extra mile for the greater good

I think I would have lost my mind some time ago without the opportunity to share the AVZ experience with others here on TSE and for that I am eternally grateful

My take on it all at the moment is that we have had a decent win over the MMGA goons and sent a strong message to them that they and their Chinese masters can fuck right off

Nevertheless it's only one more battle that we have won in a larger war that looks to be far from over

Still everyone should take a moment to reflect on all the hard work by contributors on social media that massively helped nullify and ultimately defeat the corrupt attempts to overtake the Board and take a small amount of time to acknowledge and enjoy the victory

With regard to the remuneration report I understand why many didn't support the resolution although I did simply to try and add some protection to the current board on the remuneration 2 strike spill

We may have to deal with that next year and it may be an opportunity for the Goon Squad to have another crack but we will have to cross that bridge if or when we come to it

I will say though it has sent a message to the Board that shareholders want to see tangible results and outcomes and KPI's achieved going forward before bonuses are considered or paid out

I am certain the current Board will take careful note of that strong message that was delivered via the AGM

So after a brief pause to appreciate defeating MMGA and Fat Slob Holdings it's going to be back to work supporting AVZ and the Board in their efforts to progress the MOU, secure the ML and get Manono up and running for the benefit of all stakeholders, shareholders, the good people of Manono and the broader population of the DRC

Let's go AVZ!!

#FuckZijin
#FuckMMGA
#FuckHuljich
#FuckCarrick
#FuckLudbrook
#FuckCorruption
#FuckCong
#FuckTommyRichardson (twice)
#FuckTheAFR


#FuckYEAH!

View attachment 50446

Like you Winenut, I appreciated the quality information and support we have had here since AVZ went into suspension. Up until the last week that is when the threads were taken over by one person.

I wish all AVZ shareholders well after a stellar victory last night, but can’t be bothered contributing to a thread where over 50 members complain about someone trolling the threads and no action is taken.

 

[Carlos Danger]

Talk about Defamation:

View attachment 50442

View attachment 50441

Yes lad

 

[Thaz]

Hi Thaz,

I hope this message finds you well. I wanted to take a moment to express my strong support for the Board of Directors (BOD) and the exceptional work they've been doing.

In my view, their performance has far exceeded the expectations typical in the corporate world. The challenges they've faced, especially in dealing with corrupt parties in the DRC, have showcased their commitment to upholding ethical standards and navigating complex situations with integrity.

I believe the BOD has gone above and beyond what is normally anticipated, and their strategic approach to positioning the right individuals in key roles within AVZ is crucial for the best outcomes for us, the shareholders.

I can't help but commend their efforts, especially considering the challenging circumstances. Their dedication merits every cent they receive, including bonuses. It's important to recognize that the complexities of their roles go beyond what most people would willingly undertake.

At the end of the day, I firmly believe that the compensation they receive is a fair reflection of the value they bring to the company. We truly get what we pay for, and in this case, the Board's performance speaks for itself.

Regards,


Silent One

Hey Silent One,

Appreciate and recognise your opinion.

A few things i'd like to put out there, from my own perspective.

- Agree that the work that the BOD have done has been great - particularly in relation to dealing with multiple corrupt parties. Appreciate that this may be causing them stress and what not. However, this (in my opinion) is part of the role that the executives are expected to do by Shareholders (well - myself personally). Without the resource and defending our legal title to the resource - AVZ has nothing.

- "Upholding Ethical Standards" - IMO, is something that is, again, expected. Shareholders should not expect the BOD to try to progress with the resource through illegal and corrupt means. That said - the complexity of the situation was probably unexpected, upon which they have engaged their lawyers to assist with the path forward.

Again, my personal view and opinion, is that KPI's need to be met in order for bonuses to be paid out. If and when the BOD is able to say that all legal cases are dropped, ML is issued and we're on the path to building the mine - then we can talk about bonuses (and weren't the performance shares suppose to remunerate the executive team in this instance?). Not before, when we need to run lean.

I voted for the remuneration plan in order to prevent a potential spill by a 2nd strike next agm - but that doesn't mean the bonuses don't leave a sour taste in my mouth.

Again - the BOD have done a great job navigating and defending our legal title from an extensive array of corrupt parties. But, paying a bonus when the last AGM they said that they would look at their spending if the kitty got too lean, and cash reserves is being used up doesn't paint a good picture.


Edit
Don't get me wrong though - This is a massive win from the AGM that we had. I'm ecstatic that we won and think that we can afford some time to celebrate. But also, it is also a time to power forward with the messaging that all the shareholders are united to defend our legal title and to go mining.

 

[wombat74]

Like you Winenut, I appreciated the quality information and support we have had here since AVZ went into suspension. Up until the last week that is when the threads were taken over by one person.

As a result I know a few quality posters are leaving here. I will be too, but I won’t be leaving tse altogether, will just be spending some time on the Brainchip (BRN) threads as I own shares in them as well.

I know @zeeb0t owns shares in BRN too so I am looking forward to his support as I criticise the BRN BOD for the appalling and abhorrent decimation of the share price from $2 to $0.20.

Even though the share price has risen 10% today, this is usually followed quickly by an even more significant fall in the share price.

I am at least glad to know that bullies and cult members won’t be able to attack me when I discuss the BRN BOD’s failure to meet revenue and other projections.

I wish all AVZ shareholders well after a stellar victory last night, but just can’t be bothered anymore contributing to a thread where over 50 members complain about someone trolling the threads and no action is taken.

Was nice knowing you all, if any of you own BRN shares I will carry on the fight over there against what has been an embarrassing loss of credibility and financial management by the BRN BOD

Is your mate MoneyBags staying ?

 

[Flexi]

I am also moving on from TSE until this fool whom I have on ignore is vanished.
The value previously contained in TSE is quickly diminishing......it will be known as "The Crapper Exchange"
Avoir friends.....

 

[Samus]

Like you Winenut, I appreciated the quality information and support we have had here since AVZ went into suspension. Up until the last week that is when the threads were taken over by one person.

As a result I know a few quality posters are leaving here. I will be too, but I won’t be leaving tse altogether, will just be spending some time on the Brainchip (BRN) threads as I own shares in them as well.

I know @zeeb0t owns shares in BRN too so I am looking forward to his support as I criticise the BRN BOD for the appalling and abhorrent decimation of the share price from $2 to $0.20.

Even though the share price has risen 10% today, this is usually followed quickly by an even more significant fall in the share price.

I am at least glad to know that bullies and cult members won’t be able to attack me when I discuss the BRN BOD’s failure to meet revenue and other projections.

I wish all AVZ shareholders well after a stellar victory last night, but just can’t be bothered anymore contributing to a thread where over 50 members complain about someone trolling the threads and no action is taken.

Was nice knowing you all, if any of you own BRN shares I will carry on the fight over there against what has been an embarrassing loss of credibility and financial management by the BRN BOD

I hear you Dave, I've just about sold off all my BRN increasingly at a loss during this shitshow to stay afloat at various times.

Between AVZ and BRN I've gone from the millionaire hero to the fucken turkey of the household.

Hopefully @zeeb0t gets rid of the troll (again) soon and you can come back to reprimand the other trolls and fuckwits that show up here from time to time.