Anyone who wants to replace management at this point is invested...

First 80982 Last

Share
Profile

Follow
Timb89

2,826 Posts.

626

01/03/24

17:54

Post #: 72702442
Share

Originally posted by DannyC25: ↑

Agree NeilDiamondz. The idea of replacing the existing management team/directors at this point is simply the dumbest of dumb idea. We either prevail or fail with Nigel & Co. You would only appoint a new board/management team if the DRC Govt made it a condition for issuing a ML i.e. the DRC Govt can no longer work with the current management team/Board & refuses to issue AVZ a ML until management/the board is replaced. Just being your devil's advocate but I can't see this being the case. Let's be clear, AVZs future is crystal clear - we either get a ML (we may still sell the project rather than develop Manono) or we're in strife regardless of court outcomes (Cominiere owes us $30M in fines but haven't paid a cent suggesting the DRC doesn't give a toss about legal rulings by foreign legal bodies even if they're signatories). Nope, it's Nigel & the team all the way to the end as far as I'm concerned. If nothing else, they give us continuity which is important at this point. Also, there's a major assumption being made that we could find a new management team/Board to replace the existing team to fight our battle at this late stage, which I doubt very much. On a personal level, I'm now hoping we get closure in whatever form in the next month or two.

Expand

Anyone who wants to replace management at this point is invested in AVZ collapse.

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
31 Upvote

0 Great analysis

Reply