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78.0¢ avz minerals limited

Ann: Results of Meeting, page-57

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Roller62

8,980 Posts.

2107

13/01/20

19:23

Post #: 42357871
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Originally posted by JB1975: ↑

I'm willing to predict at this point that the board will do very well for themselves when they recommend Yibin's control transaction by scheme of arrangement.

The way I see it - step 1 - the choak (over the roads) remains in place. AVZ was born choaked.
step 2 - the block over the share price by a blocking stake is now in place (which keeps everyone not Yibin and associates (including secret associates) out. And the share price capped. And just the final step 3 - Buy the board (give then incentives) completes the takeover by stealth after the choak and block are used to control the share price (slow roads and expensive infrastructure - the choak) and bring about a series of unfortunate and unpredictable setbacks.

Pretty much nothing shareholders can do now in my opinion - by the time the company is taken over by a scheme of arrangement this forum will be praising management for their good call to accept a scheme of arrangement - just like the KDR board did with WES. In my opinion.

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AVZ Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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