that’s a half decent response, thank you.
Actually it’s more nuanced, Klaus in 2017 told a number of holders he was looking for 15cps. That didn’t change much imo
I believe AVZ were more conservative than Airguide Ninja.
you need to be more chronological for instance
Dec 2017 Huayou do JV with CATL shell Ruiyou. Its focus is Manono. That JV falls through within months by February?. We only learn about Ruiyou in May 2018 (from the same shareholder who discovered the RCCM file for Dathcom showing Jincheng
)
JanATH 37cps achieved
Nigel on holiday in India
Feb
F11 - Langford confession of despair !! (20/20 hindsight)
F19 - AVZ release drill results
F20 - Tantalex
(Manono) receive investment injection for early exploration from CATL Head, Robin Zhuang in RuiHua. (Ruihua can be confirmed from 2017 1st IPO prospectus)
AVZ days later announce a capital raise Cantor Placement @25cps with options at 30.5cps ⬇️
F23-26-28 AVZ trading halt and CR $15M placement
MarchM6 - Tinci MOU released. (Tinci boss claims to a AVZ shareholder with entity AMF, [allegedly] only a business Favour not real business.
CFO and Director, Patrick Flint resigns
AVZ indicate more announcements on the way.
March
M12 - China security Regulatory Commission publish updated CATL IPO Prospectus by evening . Prospectus confirms no mention of AVZ Manono other than Tantalex Manono Ruihua token investment.
Langord’s tweets after the BNB MOU release are instructive 20/20 hindsight that BNB is an ersatz CATL.
At this thread I show evidence the BNB was materially misleading on BNB’s business base don facts from BNB chairman Guo Wei and GGII, the same entity CATL relied on in its prospectus and that Ninja excepted from on March 23 onwards https://hotcopper.com.au/threads/2018-avz-events-request-for-assistance-—-beijing-national-battery-state-power-国能.7698819/page-27?post_id=71019658March 12 The BNB MOU pops out. I won’t go into detail here now about all the misleading statements as lawyer speak calls it, but you can see the synchronicity with CATl bad news for AVZ market is stunningly clear. The timing was designed to intersect CSRC’s release as a smoke and mirrors, likely for Chinese investors heavily reliant on Airguide.
Ninja on twitter claims BNB doing an IPO. My records show Nigel still believing that IPO is happening at least to a shareholder is fact in August 2018. (It wasn’t after May / June 2018 as Guo Wei reports to my HTD)
March 21 AVZ ramps BNB MOU unprecedentedly citing BNB have accepted their invitation to Manono but also sandwich in they want to help develop accelerate the project into production. Their higher density batteries for (purported) mass production aligns with AVZ commercial operation target (sst in Target Pathway to Production 2017 AGM presentation.
Klaus comments on BNB’s pace through Due Diligence.
This was an unnecessary update but AVZ clearly collocated the visit with accelerating developing and this transaction is implicit even if not explicitly. This becomes clearer in April but also with Ninja who on March 19 had strong wording about the Singapore update. As you can see Nigel ought to have known Ninja would publish on Twitter. Nigel joins in on the ramp via a non AVZ non-official mouth piece.
TPD from AGM 2017
AVZ hit 30cps on March 16 anticipating entry into ASX300 as it appears on 19th. Van Eck appear responsible.
Late
March we see Manono Visit
AprilWe see Ninja in trouble with posting matters material and ASX grilling on relationship. In fact AVZ exercised its discretion to have Langford delete posts as early as November 2017. So AVZ ought to be aware of Ninja tweets and tacitly endorse content even by silence
April 23 - with Ninja gagged, Nigel is in a brave new world and is quoted in AFR expecting BNB (purportedly Tinci too), to make a decision by end of month on moving forward.
April 26
AVZ Nigel Ferguson is doing his maiden video interview and it’s a peculiar one because he mentions pre-mining finance $40-50 million
It is alleged AVZ has had the video pulled once a legal letter was sent.
I have the video in full. It’s with picking at for its strange coherence imo
May comes and more silence other than the share price dropping. It may be some investors sold after the end of April Due diligence finalised by BNB was expected to yield a decision.
Here is where it is tricky.
CATL has an IPO listing on May 10. Most of us are unaware. We can reasonably assume Klaus was looking for CATL to transact but had a shock when no serious offer made. That you confirm Largus Averta.
We see the scramble for a new horizon not with Huayou not with implicitly with CATL as the China Major, but two entries as shown above.
BNB state to a shareholder on Weichag that by May 2018 they no longer intended to invest in Manono / AVZ. This coincides with Nigel’s AFR sponsored ad quotation on making a decision to move forward.
However BNB may not have told AVZ including Airguide but that AG learned from another source. It could be from SZ Clou its largest shareholder at the time after Guo Wei. It’s not clear.
How ever, Klaus could learn from his friend Simon Cong, whether CATL is interested and this prior to CATL, is a reasonable presumption to make about an executive chairman. There are smaller strands but it is clear to me IMO, that AVZ did update when it should have about BNB. I know Jens had his SC Lowy proposed so something was up.
Also, AVZ could have monitored BNB IPO progress — I discussed this recently - and learned about BNB not lodging its interim financial report to the CSRC, the Government. BNB was in trouble was established in April - but that might be hard to learn at the time.
In any case, knowledge of the EV subsidy schnell causing havoc on Chinese supply chains is another reason for sector collapse. It seemed to benefit CATL…
In any case, there was still news not disclosed on
June 4 - when Klaus arranged for drill results and a transport update but no MOU update which after April 23, investor would have reasonably expected to occur instead no. And by doing so, Klaus calmly carried out what appears to be his frustration at Airguide at shareholders but also he needed to reset expectations on BNB etc because it wasn’t happening and Klaus didn’t want to be a sucker trapped like us unaware of what was happening. But someone did from Denmark.
June 7 we learn about Klaus dumping.
June 10 CATL IPO.
——-
In the week after Klaus has also confessed he didn’t believe in the mining plan set out in the TPD. And asked a shareholder to ask Nigel.
So we may take the view, Nigel with Airguide, had to keep running with the ball with AVZ written on it — we all still believed in a mining plan and, to seek value and also distance from what happened in 2018. We saw no new Chairman for 18 months after Klaus resigned but he stayed in till October. I don’t think it’s possible to walk from AVZ and let others in that Klaus and Nigel don’t know.
3 years delisted let’s see.
