AVZ 0.00% 78.0¢ avz minerals limited

Ann: Results of Meeting, page-19

  1. 1,986 Posts.
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    I'm willing to predict at this point that the board will do very well for themselves when they recommend Yibin's control transaction by scheme of arrangement.

    The way I see it - step 1 - the choak (over the roads) remains in place. AVZ was born choaked.
    step 2 - the block over the share price by a blocking stake is now in place (which keeps everyone not Yibin and associates (including secret associates) out. And the share price capped. And just the final step 3 - Buy the board (give then incentives) completes the takeover by stealth after the choak and block are used to control the share price (slow roads and expensive infrastructure - the choak) and bring about a series of unfortunate and unpredictable setbacks.

    Pretty much nothing shareholders can do now in my opinion - by the time the company is taken over by a scheme of arrangement this forum will be praising management for their good call to accept a scheme of arrangement - just like the KDR board did with WES. In my opinion.
 
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