We NEED a new Chairman., page-92

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Roller62

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02/10/19

11:19

Post #: 40682123
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Originally posted by setfire2thehive: ↑

IMO

Unless there's significant news between now and the AGM the BoD may want to start brushing up their resumes.

If you consider a few of the major holders are huayou/Lithium Plus and what i assume to be a few proxy's in support of those party's there's a fair few votes that may prefer a candidate who acts more in their best interest. You would recall that last year there was strong support given to most of the items which indicated that huayou and most other key holders votes aligned with AVZ's directions.

Given shortly after there was a supposed offer (yet unofficial) to huayou to CR at a small premium - regardless money was raised predominantly through the SPP and underwritten. I can't imagine that those funds raised were seen favourably by huayou etc whom presumably would have preferred something directly with them at a large discount.

What is all this rambling eluding to; If huayou, lit plus (catl proxy) and other proxy's are not aligned with AVZ BoD we will clearly see this evident in the swing of the voting. Last year Nigel and the collective BoD had stepped in at very testing times and had a short track record and therefore may have been given the benefit of the doubt. They've now have 12M since then to prove themselves.

I personally don't think they've done enough to warrant staying on - but would change my opinion if they land something large news wise/ SP appreciation - between now and the AGM.

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I never agreed to performance shares tied back to meeting goals for essentially just doing his job. Performance shares should be linked to the SP. That way the owners of the company benefit as well.

Last edited by Roller62: 02/10/19

AVZ Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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We NEED a new Chairman., page-92

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