AVZ Discussion 2022

[Doc]

MOU is a Memorandum of Understanding.
It is an informal agreement to co-operate into the future.
They are worth nothing.
A legally binding MOU is a contract or a licence that adheres to local law.
And we all know what that is worth in DRC.

MOU is part of the rumour mill.
If signed, it's worth Nada, zilch. nowt, nought, zero, nil, 0, nuffin.

I’m actually surprised DRC haven’t done the MOU yet. Means nothing for them but kicks the can down the road and keeps us thinking we making progress

 

[Dazmac66]

I’m actually surprised DRC haven’t done the MOU yet. Means nothing for them but kicks the can down the road and keeps us thinking we making progress

Continued court action until AVZ achieves a fair outcome would the first clause in bold letters! Surely the BOD wouldn't trust these pack of cxxts to just magically start keeping promises.

 

[CHB]

I’m actually surprised DRC haven’t done the MOU yet. Means nothing for them but kicks the can down the road and keeps us thinking we making progress

Why agree on an MoU straight away when you can waste time negotiating on an MoU

 

[Roon]

Why agree on an MoU straight away when you can waste time negotiating on an MoU

True! Its nearly a year now since we began talking about this phantom MoU, so if that was the aim - mission success.

 

[Hodlandwin69]

Man I'm getting so restless, we need another announcement to quell us for a few weeks

 

[Samus]

Regardless what is happening the various arbitration hearings can't happen fast enough.
And they aren't happening anywhere near fast enough either.
This promise of a MoU that is already close to 12 months late is an absolute fucking joke.

 

[wombat74]

I’m actually surprised DRC haven’t done the MOU yet. Means nothing for them but kicks the can down the road and keeps us thinking we making progress

If I was the DRC I'd hold off signing anything until Nigel can at least prove he has secured a finance deal . Not to mention we have an attempted BoD spill in progress . Unless there are some powerful levers being pulled that share holders are not privy too I'd say Nigel at this point, and up to this point ,has perhaps been p1ssing in the wind . Be nice if they'd at least update SH at due dates . I noticed they were on time when we were listed .If you hadn't noticed , a month extension became a 6 week extension because they were 2 weeks late in updating share holders . Like an optical illusion . You didn't even know it happened . All IMO only .

 

[Mute22]

If I was the DRC I'd hold off signing anything until Nigel can at least prove he has secured a finance deal . Not to mention we have an attempted BoD spill in progress . Unless there are some powerful levers being pulled that share holders are not privy too I'd say Nigel at this point, and up to this point ,has been p1ssing in the wind (Maybe). Be nice if they'd at least update SH at due dates . I noticed they were on time when we were listed .If you hadn't noticed , a month extension became a 6 week extension because they were 2 weeks late in updating share holders .To me it's like a card trick .A slight of hand . Like an optical illusion . You didn't even know it happened . All IMO only .

Doesn’t really matter, it’s only my entire future on the line. I’m glad management don’t worry about little things like keeping me informed.

 

[CashKing]

Yep this waiting game is completely fuxked…
It’s getting expensive gals and guys..
Something needs to give soon.

GLTAH

 

[oxxa23]

Doesn’t really matter, it’s only my entire future on the line. I’m glad management don’t worry about little things like keeping me informed.

Nobody likes the silence... but, I'd rather silence with any chance of success than comms that possibly jeopardises things further... but, it sucks

Hang in there everyone

 

[RHyNO]

Nobody likes the silence... but, I'd rather silence with any chance of success than comms that possibly jeopardises things further... but, it sucks

Hang in there everyone

they owe us an announcement regarding Locke and they should inform shareholders of their work and action to solve the many issues they face. It’s not hard to make an announcement without compromising information. We are paying their salaries, what the fuck are a bunch of geologists and mining production managers doing on our dime when the asset is stranded in legal battles? Other than drinking at the Australia club and dealing with their own personal investments. To be clear. Investments in our competitors, made with money we pay them to not do what they are paid to do. Nigel should have reduced his wage to $150k gotten rid of any mining logistics members of BOD, gotten his ass to the DRC and sorted this out. Not wined and played victim from Perth while he relies on shareholders to fight his battles on Twitter. And an announcement should reflect this. But mate we all appreciate your positivity hang in there indeed. It’s all we can do. I lost a student to suicide yesterday. It’s important to keep things in perspective. Big love to all the holders here holding the line and doing incredible work keeping us in whatever loop is available.

 

[SilentOne]

they owe us an announcement regarding Locke and they should inform shareholders of their work and action to solve the many issues they face. It’s not hard to make an announcement without compromising information. We are paying their salaries, what the fuck are a bunch of geologists and mining production managers doing on our dime when the asset is stranded in legal battles? Other than drinking at the Australia club and dealing with their own personal investments. To be clear. Investments in our competitors, made with money we pay them to not do what they are paid to do. Nigel should have reduced his wage to $150k gotten rid of any mining logistics members of BOD, gotten his ass to the DRC and sorted this out. Not wined and played victim from Perth while he relies on shareholders to fight his battles on Twitter. And an announcement should reflect this. But mate we all appreciate your positivity hang in there indeed. It’s all we can do. I lost a student to suicide yesterday. It’s important to keep things in perspective. Big love to all the holders here holding the line and doing incredible work keeping us in whatever loop is available.

RHyNO,

I look forward to seeing you run for a position on the Board. You have such insight.

Regards,

SilentOne

 

[RHyNO]

RHyNO,

I look forward to seeing you run for a position on the Board. You have such insight.

Regards,

SilentOne

Thanks mate! But seriously you don’t think it’s a bit much this silence? These pay packets for staff ?

 

[Cumquat Cap]

I think it’s fucking brutal and understand your comments Rhyno especially related to mining engineers on full salary, but unfortunately necessary at this stage.

Real test on the nervous system that’s for sure

 

[SilentOne]

Thanks mate! But seriously you don’t think it’s a bit much this silence? These pay packets for staff ?

RHyNO,

I am of the opinion that Nigel is not in it for the Salary - It has been reported that he has 50 million + shares. If those shares are worth $1 each and he earns simple interest at 3% then he earns $1.5 million per annum. Anybody thinking that he is delaying for the piddly salary he receives is a moron in my opinion.

I am of the belief Nigel is working incredibly hard under very difficult and complex conditions to get the best ourcome for himself and shareholders.

If anything, Nigel should get a salary increase for the shit he and the board have had to endure.

And no, I will not support a $1 takeover bid not even close.

Regards,

SilentOne - do you own research

 

[Cumquat Cap]

Nigel for sure deserves it as does Ben who’s been in country for several years. Not convinced Graeme who obviously hadn’t stepped foot in the Congo in years and Jan who is CEO of another company deserve full pay (maybe they’re on half salary).

Point is as well is our dwindling finances, Nigel probably deserves more but in this climate and the fight we’re in, he’s adequately incentivised to secure a positive result no matter how much he’s paid (unless he wants to let someone else negotiate his multi million dollar settlement).

All semantics at the end of the day but they will face a lot of backlash if avz go insolvent down the line (which I don’t think they will).

 

[wombat74]

RHyNO,

I am of the opinion that Nigel is not in it for the Salary - It has been reported that he has 50 million + shares. If those shares are worth $1 each and he earns simple interest at 3% then he earns $1.5 million per annum. Anybody thinking that he is delaying for the piddly salary he receives is a moron in my opinion.

I am of the belief Nigel is working incredibly hard under very difficult and complex conditions to get the best ourcome for himself and shareholders.

If anything, Nigel should get a salary increase for the shit he and the board have had to endure.

And no, I will not support a $1 takeover bid not even close.

Regards,

SilentOne - do you own research

Mate can you drop the ,Nigel has 50 million reasons for this to succeed , bunch of bull sh1t please . It's a pathetic argument and it has no bearing on what the outcome of this sh1t show will be . Nigel's incentive is to unlock share holder investment so we can access our own money . As you know he has collected almost $1 million in salary since this suspension began . So spare me the high praises . Management of company finances has been appalling to say the least . As for you turning down $1 ? In your dreams mate ,because at this moment , and until someone informs us differently , AVZ ain't worth the sweat off my Jatz Crackers . To say you'd turn down $1 dollars is an insult to those share holders who have suffered financial hardship because of the cluster F--k . imo

 

[robface]

Mate can you drop the ,Nigel has 50 million reasons for this to succeed , bunch of bull sh1t please . It's a pathetic argument and it has no bearing on what the outcome of this sh1t show will be . Nigel's incentive is to unlock share holder investment so we can access our own money . As you know he has collected almost $1 million in salary since this suspension began . So spare me the high praises . Management of company finances has been appalling to say the least . As for you turning down $1 ? In your dreams mate ,because at this moment , and until someone informs us differently , AVZ ain't worth the sweat off my Jatz Crackers . To say you'd turn down $1 dollars is an insult to those share holders who have suffered financial hardship because of the cluster F--k . imo

Spot on people claim they won't take anything over $1 but can't get anything over .03c.

 

[Samus]

I'll take a dollar every day of the week, just get us out of this shit show so we never have to think about the DRC ever again.

 

[SilentOne]

Mate can you drop the ,Nigel has 50 million reasons for this to succeed , bunch of bull sh1t please . It's a pathetic argument and it has no bearing on what the outcome of this sh1t show will be . Nigel's incentive is to unlock share holder investment so we can access our own money . As you know he has collected almost $1 million in salary since this suspension began . So spare me the high praises . Management of company finances has been appalling to say the least . As for you turning down $1 ? In your dreams mate ,because at this moment , and until someone informs us differently , AVZ ain't worth the sweat off my Jatz Crackers . To say you'd turn down $1 dollars is an insult to those share holders who have suffered financial hardship because of the cluster F--k . imo

Wombat,

Its easy to throw stones on the sidelines.

I definitely cant afford to lose my investment - but I am not one for being bullied either. Lets see what happens with the ICSID / ICC.

I am looking forward to seeing you run for a Board position especially with you not being happy with the current leadership. As part of your application, I would love to see what your vision is.

Regards,

SilentOne