Share
216 Posts.
lightbulb Created with Sketch. 163
clock Created with Sketch.
23/03/23
19:47
Share
Originally posted by sydneyguy:
↑
on 9 December 2022, Jin Cheng submitted its Statement on Jurisdiction and AVZI submitted its Reply on Jurisdiction on 10 March 2023;
Little wonder icc takes so long
then there are responses by avz still outstanding
massive obscene salaries and fees to directors overlooking drilling contractors and speaking with a lawyer is telling
no updated dfs for years- no updated resource and reserve stmt- not even an update on legal advice following ml decree cancellations- did you make another application - can Avz make another application? If not that’s the end
avz management will just, as previously stated last year just spend all the capital paying themselves and have an incomplete series of legal proceeding - no mining lic and an incomplete set of r and r and dfs imo
meantime some excited by a group of people that visit the area once again hyped by twitter mouthpiece that turns it into presidential visit and who has said soon- very soon- shortly and the mining kic decree was cancelled
there will be nothing left for shareholders, nothing left to sue over- the money is going into the boards pocket in salaries wages and consulting fees and to drillers- and lawyers who take weeks and months to reply to icc and who still haven’t replied to a number of issues for actions instigated by avz
Tried telling some the roadshows and what was disclosed to a new shareholder group was wrong and wouldn’t work
and here it is again- no ml decree- no idea what is happening there- legal cases still not ready to go , incomplete drilling- no r and r update and cash burn continues- everyone else’s fault , drc, corruption blah blah— but avz management are working hard for shareholders sure, but anyone can say that, what have they delivered that is material
hope is all that is left, there is nothing on the table- the only thing humming along unobstructed is the free flow of money directly to management
Expand
they will drag it out while collecting huge salaries, when the cash is about to dry up, blame everyone but themselves and prob take a lowball TO . there is zero positives with what is going on, not a single Ann comes across as positive unless u are a happy clapper that thinks bad shit won't happen to them . the elections are a huge concern for the outcome of this. there is no reason we should be in suspension still, ASX need to step in, let us salvage what we can,this will be a race to the bottom