We NEED a new Chairman., page-82

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Roller62

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02/10/19

06:18

Post #: 40675181
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Originally posted by Obe wan: ↑

‘pipedream , some shareholders are over it’ words from your post and a couple of the exact words I’m hearing from some other holders

The chairman deadline passed; AVZ management are probably one of the worse offenders for missed deadlines on ASX imo....you have to hand them some slack in some cases though, as there are some external forces that do impact timelines ; saying that I think a good Chairman would likely only make us half as bad, in hitting deadlines.

Nigel ferguson is important to the business no doubt ; he does have those DRC connections that would be extremely difficult to replicate through a replacement external to the DRC; but the rate of broken timelines and the latest timeline re - Chairman passing ; does have me wondering if NF only considers himself fit for the job? Do we have an Alpha issue here?

Is there going to be a chairman appointed or is NF just going for a home; no guts no glory....I’m the only bloke got the job run? Past financial / CR acts has me hoping that this is not the case; as that was a sure fire branding that NF is not the droid we are looking for in that capacity.

Maybe management do have something on the line and the current timeline is justifiably being pushed out; but management have been kicking timelines down the road and adding weeks / months to previously scheduled timelines .....but the thing I think they need to be very wary of ; is that proxy vote sheets hit shareholders inboxes in under 4 weeks time ; they can’t kick timelines down the road any further now. IMO, I think management need to strike something substantial within the next few weeks pre proxy release or receive an overall ‘out’ vote or at least a significant ‘against’ vote which may result in a rally by shareholders to force feed an appointment ; after all , it’s not just NFs company , we all own a percentage no matter how big or small those percentages are.

Hopefully Nigel has this all under control.

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I just find it complete arrogance that NF will set his own time line and then break it WITHOUT giving any update as to what is going on. If you break your promise at least tell everyone what happened! It shows complete lack of respect towards the SHs.

AVZ Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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We NEED a new Chairman., page-82

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