AVZ (ASX) Class actions

Originally posted by Hilltribe: ↑

Purely in my opinion but I believe by joining the class action you helping to create a situation that is only going to slow our progress forward. Surely you must be able to see as stated in the last AVZ announcement that there are a group of people that are doing everything in their power to make sure AVZ doesn't get what is rightfully theirs indicated by the fact that there has been no intervention by the ASX whatsoever meaning that all announcements by AVZ have been above board and approved by the ASX. AVZ and we shareholders are going through a very tough time, the enemy and we all know who they are, are very formidable, powerful and with an endless supply of money to hold things up and make the transition to miner as hard and as slow as possible. I believe that we have the truth on our side and in the end after arbitrations and court cases and class actions AVZ will be the victors in this David and Goliath battle. We must be patient and wait for the system to take it's course. I believe by joining the class action you are only giving the enemy fuel and this can only mean that it will take even longer before this is resolved which can only be detrimental to all shareholders in the long run. Good luck to all of us and try to patient.

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Well said Hilltribe. There have been too many on this forum watching old re-runs of The Castle to believe a class action would have the legs to get past the preliminary Mentions. Do they think they have any chance of success without ASX support? The conversation is unsubstantiated and would lack support if put to a vote of Investors. Such action would cut this off before it had the chance to get before a Court, end of story.
Many serious investors in AVZ have attended the Roadshows and explored many different lines of questioning with Nigel and other members of the Executive team. I am more than comfortable with explanations provided during the evening and the legal process our company is undertaking to confirm our ownership stake. More importantly, the announcements coming out from our Executive team are carefully worded and scrutinised by our legal team to not give any substance that would jeopardise our case for the ML. Our team on the ground in the DRC is also working very hard to lobby and fully brief the Ministers and the President to point out the corrupt and misleading dialogue being produced by the Chinese and promoted by the actions of corrupt Ministers in the DRC.
The New Year will be a new dawn for AVZ as the President moves to grant our ML and start his campaign to lead the people of the DRC to a brighter future backed by the US. IMO The recent heavy fire from detractors trying to mislead and cause unnecessary anxiety to investors of a price crash will soon learn their fate when news of the ML filters out of the DRC. IMO Institutional investors from all over the globe will be lining up to invest in AVZ. That's an outcome you can safely bet on against any class action.