Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ avz minerals limited

0.00%

78.0¢

Ann: AGM Results - Vote of Confidence for AVZ Board, page-96

First 96 Last

Share
Profile

Follow
Misfits

3,051 Posts.

418

24/11/23

19:44

Post #: 71097610
Share

Originally posted by Amovatio ↑

Sydney Guy,
Your starting to ramble on and throw your toys out of the cot. I understand you only read headings on announcements and that you overlooked the wording implying the finance pathway. But lets face facts as they exist today -
AVZ still has $1.6 quarters of funding available from last quarterly. Will that be needed until there is a resolution?
We already know the Company is continuing to pursue the ICC and ICSID proceedings until they procure a negotiated resolution on reasonable terms. This has been going on for some time and the process has continually been disrupted through the Chinese influencing others to get involved in their quest to steal Manono away from our shareholders.
You and others (who seem to have sided with MMGA) conveniently overlook that the disclosure of any information that would promote the value of Manono and its surrounds, in a public forum, only gives advantage for those that are corrupt to file more allegations that the DRC is being taken advantage of.
AVZ secured the rights to 75% in a fair and equitable deal at that time. AVZ drilling assays and further extensive program has proven this to be worth a lot more. Yes we don't have confirmed results and these won't become available while negotiations are happening. Had Cominiere and Zijin undertaken drilling of the Land they had joint approval to mine they may have discovered what the land rights were potentially worth. We all know the result of that. They haven't even started drilling or turning any soil despite having held their permit for 10 years.

You will recall that Cominiere when AVZ published its DFS were outraged to learn the worth of Manono and what a bargain AVZ Mgmt. had picked this up for.
Now I am hearing you want the updated DFS published now to provide full disclosure. "WTF". This is extremely amateurish and naive. This information is extremely sensitive given the current situation and will only be disclosed to companies in confidence and who are prepared to negotiate in good faith and on reasonable terms. What do you think Cominiere and Zijin would do getting hold of this new information? Why do you think discussions are being held with the DRC Gov't in Confidence. Forget what MMGA would have you believe. Their statements that discussions with AVZ Management had broken down are fictitious. If MMGA provided written confirmation signed by the President that this was the case many would have believed them. But they failed this disclosure and on the many other allegations they tried to win Shareholder votes on the back of. Absolutely disgraceful conduct. These are facts and they came undone in a convincing show of support by shareholders to our Management team.
Now that the results of the AGM are in and MMGA have been convincingly defeated, I challenge you to take a positive outlook on how we can get to a positive resolution that would be accepted by Shareholders. Don't look back, that road is already covered. Look forward. I can't see that our team will want to spend a further 12 months in the DRC or in litigation. Pursuing a resolution now on reasonable terms is the best way forward I think we can hope for. IMO the revised DFS is the catalyst to getting the best SP for all holders and a settlement.
Cheers

Expand

Bravo @Amovatio Wait for the reply though MMGA just about yesterdays news along with their supporters. Yep, lets look forward.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

First 96 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

SPONSORED BY