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78.0¢ avz minerals limited

Ann: AVZ Appoints GR Engineering as DFS Engineer, page-69

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stakx

2,521 Posts.

2102

12/07/19

22:22

Post #: 39502699
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Originally posted by setfire2thehive ↑

It's the unfortunate reality when the board holds substantial amounts of the registry. I'm not much of a fan of performance based issuance of shares unless its S/P related. The JORC ones were a joke, Not very difficult to achieve 100mT measured when you've got 2Bt worth of lith to achieve it, we only needed to dilute the registry severely for capital and drill it out.

The offtake one will at least have a material effect on S/P. That said it could be a horrendous deal, but a deal nevertheless - performance shares still slung out.

If they want to make money from their performance to the company then that is what a wage is for. Or invest their own money in shares and then get the S/P moving north. Time for the board to put their hand in their pocket.

Next AGM will be very interesting. Much different mood to last year from the registry i feel. I imagine AG themselves would have a large portion of shares, add in the collective of 'friends' & 'acquaintances' which would be on the registry through them, and now can act independently.

*Upcoming news
-Met results (soon)
-chairman appointment (soon)
-offtake/finance (monday - or 8 months away?)
-securing additional % of project

SF2TH

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SF2TH, I found this on the Nov AGM document.
https://www.asx.com.au/asxpdf/20181031/pdf/43ztk0dg4prvfx.pdf

"Shareholders should note that no Performance Rights have previously been issued under the Performance Rights Plan. However, pursuant to Resolutions 7 to 9, the Company is seeking Shareholder approval to issue Performance Rights to related parties of the Company."

Nigel 12m PR, Rhett 6m PR, Graeme 8m PR, AG 7.5m PR, JNS 3m and AVZ employees 4,350,000PR divided amongst employees

stating 5m and 8.95m PR's in latest announcement. Is this an error on quantities to those individuals? Are you able to work out who gets what?

AVZ Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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