AVZ Discussion 2022

[Hodlandwin69]

Trump seems to think the signing is next week Monday or Tuesday.....

 

[Skar]

I would expect there will almost certainally have to be an extension to the temporary suspension of ICSID. Even if the board have already pressed the green button on the Kobold deal as a public company they must seek shareholder approval to finalise the deal. Not sure of the process ie is an EGM required ?? I would have thought at least another month extension on ICSID

Read the company constitution, the board only need shareholder approval if they want a special payment for themselves as par of the sale. Otherwise because we are no longer listed and subject to ASX listing rules, no shareholder approval is needed to sell the primary asset.

 

[Skar]

Trump seems to think the signing is next week Monday or Tuesday.....

I doubt Trump knows the difference between DRC or ROC (or gives a shit). So I would think Friday is more likely.

When you operate at the executive layer you lose grasp of the details and deal more with concepts, strategy and vision, it becomes about delegation higher up. He would probably say something like "we used to make great cars now China are killing us, we need to crush China and start making great cars again", then his ministers, advisors and aides would tell him "China has a stranglehold on global critical minerals so to regain ground US will need to regain control of the supply chains", which explains Trumps focus on Greenland, Africa and Ukraine. His ministers and ambassadors would do all the work gathering info, negotiating, executing etc, Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics.

Its also why AI is an interesting element on the nature of life/work going forward because it lets everyone replicate that setup, it could be very empowering or people could keep being lazy/lose relevence.

 

[Winenut]

I doubt Trump knows the difference between DRC or ROC (or gives a shit). So I would think Friday is more likely.

When you operate at the executive layer you lose grasp of the details and deal more with concepts, strategy and vision, it becomes about delegation higher up. He would probably say something like "we used to make great cars now China are killing us, we need to crush China and start making great cars again", then his ministers, advisors and aides would tell him "China has a stranglehold on global critical minerals so to regain ground US will need to regain control of the supply chains", which explains Trumps focus on Greenland, Africa and Ukraine. His ministers and ambassadors would do all the work gathering info, negotiating, executing etc, Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics.

Its also why AI is an interesting element on the nature of life/work going forward because it lets everyone replicate that setup, it could be very empowering or people could keep being lazy/lose relevence.

'Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics"

Also operates very much the same way in larger businesses IMO

 

[Strongman]

Read the company constitution, the board only need shareholder approval if they want a special payment for themselves as par of the sale. Otherwise because we are no longer listed and subject to ASX listing rules, no shareholder approval is needed to sell the primary asset.

Ok thanks Skar. I thought the sale of principal asset rule was an ASIC thing and as a public company ( albeit delisted ) still applied but i have not read our constitution but am aware that depending on constitution this rule can vary
Definitely a positive if that is the case as this whole deal can be brought to a resolution hopefully this week
Re Trump saying Monday or Tuesday iam much more inclined to take notice of the tweet from Rubio
Three years and we almost there. Heres hoping for a decent result

 

[Spikerama]

Read the company constitution, the board only need shareholder approval if they want a special payment for themselves as par of the sale. Otherwise because we are no longer listed and subject to ASX listing rules, no shareholder approval is needed to sell the primary asset.

Under Section 208–210 and Section 611 of the Corporations Act, it is likely AVZ will be required to seek shareholder approval. Especially if it changes the ownership structure of the project or company or involves a related party transaction.

Even though AVZ Minerals was delisted from the ASX, it remains a registered public company under Australian law (Corporations Act 2001) and must follow it's obligations under this act.

 

[Spikerama]

AVZ vs DRC @ ICSID - Final Countdown

Countdown to the ICSID tribunal of AVZ vs DRC (Congolese).

avz-icsid-final-countdown.netlify.app

 

[Spikerama]

 

[Roon]

looks like friday and trump was just wrong about monday.

View attachment 87407

https://x.com/US_SrAdvisorAF/status/1936194104603689300

LOL for something that purportedly doesn't matter to him Trump sure does mention his lack of a Nobel Prize a lot. He's such a self aggrandizing dropkick. But I'll happily cuddle him to sleep with any happy endings needed should he sort this mess out and we end up with a reasonable outcome.

 

[Carlos Danger]

Under Section 208–210 and Section 611 of the Corporations Act, it is likely AVZ will be required to seek shareholder approval. Especially if it changes the ownership structure of the project or company or involves a related party transaction.

Even though AVZ Minerals was delisted from the ASX, it remains a registered public company under Australian law (Corporations Act 2001) and must follow it's obligations under this act.

KoBold are not a related party and they won’t be directly buying out our shares so none of those sections are relevant imo

 

[Mouthpiecenomnom]

I doubt Trump knows the difference between DRC or ROC (or gives a shit). So I would think Friday is more likely.

When you operate at the executive layer you lose grasp of the details and deal more with concepts, strategy and vision, it becomes about delegation higher up. He would probably say something like "we used to make great cars now China are killing us, we need to crush China and start making great cars again", then his ministers, advisors and aides would tell him "China has a stranglehold on global critical minerals so to regain ground US will need to regain control of the supply chains", which explains Trumps focus on Greenland, Africa and Ukraine. His ministers and ambassadors would do all the work gathering info, negotiating, executing etc, Trump would make decisions based on the details (or delegate whatever structure/decision making process he wanted) and he would turn up for the photo ops and take the credit for telling them to do it all/putting it all in place... thats politics.

Its also why AI is an interesting element on the nature of life/work going forward because it lets everyone replicate that setup, it could be very empowering or people could keep being lazy/lose relevence.

Yes. I think what is happening is he is getting his photo op day (which is all about him) mixed up with the real day (which to him is "whatever" some time this week). The mainstream media will pick up on this story on his day. He will attempt to use it to control a media cycle of?? Maybe a few days max?. This is his perogative as US president of course. You have to admit the US absolutely did not f=+k around here with rwanda/drc.

 

[Strongman]

Yep th

KoBold are not a related party and they won’t be directly buying out our shares so none of those sections are relevant imo

Yep the devil is in the detail for sure. We dont know how the deal will be structured, we dont know the exact date , we dont know the amount and we dont know when and how we will receive the amount but we do know there is now a very high probability the deal will be done this coming week. Happy days for sure

 

[Skar]

Also operates very much the same way in larger businesses IMO

Yeah its mainly how businesses operate, usually governments are much more focused on optics than results (analysis paralysis, decision by committee, Bureaucratic red tape whatever you want to call it). Trump is a business man and is bringing a lot of efficiency (much like how the CCP has risen to such grand prominence, just by exercising authority without consequence)... Trump really has been operating full speed the immigration thing, the riots, the doge, tarriffs/trade deals. Hopefully we are on the good side of all that and AVZ gets "rounded up" rather than steamrolled out (we want the carrot not the stick for as motivation for going along with the plans).

 

[Spikerama]

KoBold are not a related party and they won’t be directly buying out our shares so none of those sections are relevant imo

So what would they be buying? Because even a major asset transaction ie: resource, requires shareholder approval whether the company is listed or not. It's there to protect us from having out assess sold out from under us.

So even if KoBold (or any other) buys just the project rights (like the mining permit, lithium offtake, or JV stake), and not shares in AVZ, it still counts as a disposal of a substantial asset right?

 

[Mouthpiecenomnom]

My favorite part is when the reporter asks about intel on Iranian nuclear development and comments that intel officials are saying there is no evidence, Then he asks "What intel officials?" And the reporter says "Tulsi Gabbard your director of national intelligence."
Then Trump "She's wrong."
LOL WTF

 

[Skar]

Under Section 208–210 and Section 611 of the Corporations Act, it is likely AVZ will be required to seek shareholder approval. Especially if it changes the ownership structure of the project or company or involves a related party transaction.

Even though AVZ Minerals was delisted from the ASX, it remains a registered public company under Australian law (Corporations Act 2001) and must follow it's obligations under this act.

You raise a good point, they are seeking to sell the primary asset, not changing the ownership structure of AVZ but potentially there could be an issue with financial benefit to a related party, so who knows. I am not a lawyer its all legalese to me.

 

[Xerof]

So what would they be buying? Because even a major asset transaction ie: resource, requires shareholder approval whether the company is listed or not. It's there to protect us from having out assess sold out from under us.

So even if KoBold (or any other) buys just the project rights (like the mining permit, lithium offtake, or JV stake), and not shares in AVZ, it still counts as a disposal of a substantial asset right?

Grok 3 thinks so

Based on available information, whether AVZ Minerals would require shareholder approval to sell its involvement in the Manono Lithium and Tin Project depends on the specific terms of the transaction and the applicable regulatory frameworks, particularly the Australian Securities Exchange (ASX) Listing Rules, as AVZ was previously listed on the ASX. Here’s an analysis:

• ASX Listing Rules: Under ASX Listing Rule 11.2, a company must obtain shareholder approval for a disposal of its main undertaking or a significant asset if it would result in a significant change to the nature or scale of its activities. Given that the Manono Project is AVZ Minerals' flagship asset and primary focus, a sale of its entire involvement (currently a 75% stake in the Dathcom joint venture) would likely be considered a disposal of its main undertaking, triggering the need for shareholder approval.
• Historical Context: AVZ’s acquisition of its initial 60% interest in the Manono Project in 2017 required shareholder approval due to the significance of the transaction, as noted in the agreement with Cominiere and Dathomir. Similarly, a sale of this magnitude would likely require similar approvals, especially given the project's critical role in AVZ’s valuation and operations.
• Current Status: AVZ has been delisted from the ASX since 2024, which may alter the regulatory requirements for shareholder approval. However, as a company still subject to Australian corporate law (under the Corporations Act 2001), significant transactions like disposing of a primary asset would typically require shareholder consent unless the company’s constitution or specific agreements state otherwise. Additionally, AVZ’s ongoing legal disputes and arbitration proceedings regarding the Manono Project (e.g., with Cominiere and Zijin Mining) suggest that any sale would be complex and likely subject to shareholder scrutiny.
• Recent Developments: A post on X from May 2025 indicates that KoBold Metals and AVZ Minerals have agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit. While this suggests a potential sale, there is no explicit mention in the provided information of whether shareholder approval has been sought or required for this specific transaction. Given the scale of the project, it is reasonable to infer that shareholder approval would likely be necessary unless AVZ’s current corporate structure or agreements exempt it.
• Conclusion: While there is no definitive public statement confirming the requirement for shareholder approval for a potential sale of AVZ’s involvement in the Manono Project, the significance of the asset and standard ASX and corporate governance practices strongly suggest that shareholder approval would be required, especially if the sale constitutes a disposal of AVZ’s main undertaking. For precise confirmation, AVZ’s company announcements, constitution, or updates on the KoBold transaction would need to be reviewed, as these would detail the governance process for such a sale.

 

[Spikerama]

Historically, under Corporate Law, where a company sells its principal business, especially if it's essentially a one asset company, the Courts have ruled that shareholders must be consulted.

If not then the directors could be found to be in breach of their fiduciary duties.

 

[Winenut]

Grok 3 thinks so

Based on available information, whether AVZ Minerals would require shareholder approval to sell its involvement in the Manono Lithium and Tin Project depends on the specific terms of the transaction and the applicable regulatory frameworks, particularly the Australian Securities Exchange (ASX) Listing Rules, as AVZ was previously listed on the ASX. Here’s an analysis:

• ASX Listing Rules: Under ASX Listing Rule 11.2, a company must obtain shareholder approval for a disposal of its main undertaking or a significant asset if it would result in a significant change to the nature or scale of its activities. Given that the Manono Project is AVZ Minerals' flagship asset and primary focus, a sale of its entire involvement (currently a 75% stake in the Dathcom joint venture) would likely be considered a disposal of its main undertaking, triggering the need for shareholder approval.
• Historical Context: AVZ’s acquisition of its initial 60% interest in the Manono Project in 2017 required shareholder approval due to the significance of the transaction, as noted in the agreement with Cominiere and Dathomir. Similarly, a sale of this magnitude would likely require similar approvals, especially given the project's critical role in AVZ’s valuation and operations.
• Current Status: AVZ has been delisted from the ASX since 2024, which may alter the regulatory requirements for shareholder approval. However, as a company still subject to Australian corporate law (under the Corporations Act 2001), significant transactions like disposing of a primary asset would typically require shareholder consent unless the company’s constitution or specific agreements state otherwise. Additionally, AVZ’s ongoing legal disputes and arbitration proceedings regarding the Manono Project (e.g., with Cominiere and Zijin Mining) suggest that any sale would be complex and likely subject to shareholder scrutiny.
• Recent Developments: A post on X from May 2025 indicates that KoBold Metals and AVZ Minerals have agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit. While this suggests a potential sale, there is no explicit mention in the provided information of whether shareholder approval has been sought or required for this specific transaction. Given the scale of the project, it is reasonable to infer that shareholder approval would likely be necessary unless AVZ’s current corporate structure or agreements exempt it.
• Conclusion: While there is no definitive public statement confirming the requirement for shareholder approval for a potential sale of AVZ’s involvement in the Manono Project, the significance of the asset and standard ASX and corporate governance practices strongly suggest that shareholder approval would be required, especially if the sale constitutes a disposal of AVZ’s main undertaking. For precise confirmation, AVZ’s company announcements, constitution, or updates on the KoBold transaction would need to be reviewed, as these would detail the governance process for such a sale.

Nicely played Grokof

 

[Mute22]

As relevant now as ever:

So only one question remains:
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