No I am not suggesting that. There is some stuff in Boatman that seeks to show who Dathomir is, who is behind it, how its structure works that is all - whether it is right or wrong don't know because the Boatman report is crap but they use 'so called registered copied documents' into the report to indicate who Dathomir is btw. These documents seems to support your view it is DRC politicians. It seeks to show the Dathomir structure and who is underneath it through some documents they attained. It might be of interest (but whether they got that correct is another question) because the rest of the Bootman report is at relates to AVZ is crap and is largely conspiracy theory 101.
And , to be clear, I haven't been impressed with what management has done here last 12 months in been outplayed by the Chinese and missing timelines. I am likely to abstain from voting as I can't vote 'yes' because of the way they have done this deal, why the CR then but now it is done it is done, but I can't vote 'no' either because of the repurcussions of what they have done (as per my post above) without having other options to examine.
As per my signature, I am sitting on the fence, full stop.
I will use the next few monthsto 6 months to see where AVZ heads and make a decision whether I continue to hold or not. That is the choice of been a SH, when it seems to me the outcome of the vote is already a forgone conclusion. I certainly see SP upward movements not having full effect here now, despite a great resource, because the market see this as a (already) Chinese owned resource.
If I had to take a probability approach in the now today - a no vote would have far more adverse repurcussions on SP IMO, than a yes vote given it would appear there are no other options on the table for getting this to mining in 2022, which is when they have stated they want it to go to mining. The deal also looks like Tianyi may enter into Offtakes with AVZ - i.e. I suspect a no vote in the saving face stake will make them look elsewhere. If a no vote is adopted does this change a 2022 production date - that is the key unknown question here? And how will the Chinese respond?
You don't need to answer any questions I have raised - they are the questions I have been thinking about.
In terms of cash raise, I suspect they have enough money to get to the options conversion date of May 2020 btw, so the reason for my rhetorical questions is how does a no vote and pissing the Chinese off going to impact the production start date (especially since the Chinese are building the transport linkages). And why raise now, but a deal has been done so that is the way it is. Another point is AVZ picking Tianyi in November suggested that was the best deal on the table then, so the question is that indeed true. I suspect it is, oresle someting else would have been chosen, so what does an alternate proposal look like.
Anyway, as i said this debate is circular.
SHs need to decide their own viewpoint/strategy and act accordingly. It is your money you invested here so it is your decision. HC is a good place to debate but ultimately it is your money.
I think for everyone's sanity I won't post again on this issue, but I suspect you will keep discussing it so your call. I have said my piece. Can't believe myself that I ended up engaging on this, but this is my final post on it definately.
I simply see what happened in November as management been outplayed, as I posted at the time. I just hope JC brings some focus and 'negotiation nouse' (god they need it) to NF and Co.
Need a VB after reading my own dribble.
All IMO
Expand
