Liquidity

Losing interest rapidly in the discussion on the other thread.

As Avanco increases its stamp on Brazil (and nowhere else in the world for that matter), it is making more and more sense to me that we dual list on the Brazil exchange.

Have a look at the reception Vale received back in 2017

https://www.reuters.com/article/val...ting-in-strictest-brazil-market-idUSL2N1L00UX

Our illustrious chiefs must consider something to enhance liquidity in the shares and look to spread its shareholder base outside of Australia. Plus it will make us look more like a Brazillian company, not a company from OS paying future dividends out of the country.

I don't believe we will be able to scale to dizzying heights if we are not listed in Brazil, especially in the resources airspace. Australian won't value Brazil risk like a local would. Simple.

We are at the mercy of BlackRock in my opinion as they have such a big vested interested in seeing PB up and running so the royalties start flowing to them. They don't have a nominated board seat so they don't have to act in all shareholders interests - just their own.  If our management team keep pushing Centro up to the plate, I am positive that BR would be agitating in the background against the board. IMO.

If the board want their $0.10 options to be in the money by June, then something has to change. Building cash will be a slow and steady race and might not get us there. If there is a delay to the PB DFS then I don't feel they will be in the money come June.

Maybe we need to put ourselves in the shoes of TP and co. If the SP was $0.105 at June 30, would they convert their 150m options? It's only $0.005 in the money. A bit risky to support a $0.005 profit if it could drop below the exercise price of $0.10, IMO. What about $0.11? Still quite marginal.

Collectively they will have to cough up $15m, not chicken feed for directors who to be honest do not have got a lot of skin in the game as it is.

Maybe we need a better promotor of AVB than TP. Maybe TP is a better COO? I often think he is too conservative.

And where is our new chairman? Of all things we wanted strength in Corporate Governance! Honto! That's a wrong decision IMO. We need strength in getting or name out there. NB appointment was a step in the right direction, but we need to go further.

I'm sure there will be naysayers all over this, but the commodities space is cherry ripe for a big 2018 and beyond and we don't want to be stuck in outback Australia when we have no mines there!

I'm bored, but now I feel better after that!

HB