grassseeds
Regular
All retail shareholders are in the dark and until AVZ can pull a rabbit out of the hat i don't expect much communication. Unfortunately, AVZ in the DRC are considered lightweights with no capital, very few good connections and no real clout. As there are only 4 months or so for AVZ to have their ducks in a row before the next AGM we can only hope the BOD have Plan B ready to go to keep AVZ in the game.
We shouldn't underestimate Zijin's ability to stich up Manono and their best chance of success lies in controlling the AVZ board. If they get control of the board game over. At the last AGM most retail shareholders supported the BOD. I suspect that the support this year may not be as strong unless the AVZ board can produce some concrete support from the DRC Government. I also expect Zijin to make many more attempts to increase their influence and gain more shareholder support.
To me the best chance AVZ has to retain some or all of Manono is to get a major ally to take up some shareholding within the next 3 months. I would feel more comfortable if we got preferably a USA based company ( other major still OK ) to come onboard, with up to a 19% shareholding even at a low based contribution. This action would be a game changer and solve all the negatives about AVZ and improve our negotiating position.
To all shareholders hangin and lets hope we can get some satisfaction shortly.
We shouldn't underestimate Zijin's ability to stich up Manono and their best chance of success lies in controlling the AVZ board. If they get control of the board game over. At the last AGM most retail shareholders supported the BOD. I suspect that the support this year may not be as strong unless the AVZ board can produce some concrete support from the DRC Government. I also expect Zijin to make many more attempts to increase their influence and gain more shareholder support.
To me the best chance AVZ has to retain some or all of Manono is to get a major ally to take up some shareholding within the next 3 months. I would feel more comfortable if we got preferably a USA based company ( other major still OK ) to come onboard, with up to a 19% shareholding even at a low based contribution. This action would be a game changer and solve all the negatives about AVZ and improve our negotiating position.
To all shareholders hangin and lets hope we can get some satisfaction shortly.