Company largesse & inefficiency, page-22

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22/01/24

20:46

Post #: 72009406

Originally posted by Danehill: ↑
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Now that the dust has settled and we all supposedly agree one is better than 2 ( bla bla bla ) and there are synergies ( thank you spin merchants ), the goal must be to now maximise our return and work towards achieving efficiencies and cleansing AVL’s obvious inefficiencies.

AVL has clear largesse at the top.

Staff costs for AVL in the September 2023 quarter was .588m compared to 4,000 for TMT ….700% higher

Admin and corporate costs were .783m compared to TMT at 9,000….600% higher

What was achieved for this clear imbalance?

I was part of a collective behind the scenes that collated to 34% of the TMT register who pushed and successfully obtained a better outcome.

That now translates to nearly 15% of the merged company.

Let's make sure that we now make further representations to RCF to ask them if they are comfortable with this clear gouge/wastage and what they intend to do about it.. At a minimum RCF should have a board representative and TMT more than the 1 token board seat. 2-3 of AVL board members must make way.

AVL have now inherited proactive shareholders ,with significant holdings, far beyond their own register which apart from RCF consisted of rats and mice as a result of numerous raisings through crowd funding groups like 180 markets.
4+ billion AVL shares v 250m TMT shares pre-merger….lol

Proactive shareholders that are now emboldened and energised with capacity to influence potential outcomes like board composition and acceptance/non acceptance of remuneration reports.

A consolidation must also happen soon to get rid of billions of shares accumulated during 10 years of feasibility studies, wastage and distractions from chasing other projects/commodities.

Not agitating for agitating sake, rather to ensure greater accountability.

To all the TMT 34% watch this space.
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The sook factor in your post is a highlight.