AVZ Discussion 2022
- Thread starter GazDix
- Start date
" Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "
What a incredibly arrogant statement to make if that is indeed true......
If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!
But maybe that would be a waste of time................ASIC is a toothless tiger.....
DiscoDanNZ
Regular
And nobody immediately followed up with "do you not see it as a conflict of interest?" the fact they are trying to get ground off us actually makes it our business as shareholders Nige." Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "
What a incredibly arrogant statement to make if that is indeed true......
If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!
But maybe that would be a waste of time................ASIC is a toothless tiger.....
Xerof
Flaming 1967
Get all this, but from Nigel's perspective, if he believes AVZ will get the 'northern' as expected, and that the AJN application is just that, of no merit or chance of success, then there is no conflict of interest, especially given he is no longer involved in the management of that company. Whether he sells or holds is none of our business, IF THIS IS THE CASE
and @MoneyBags1348 , you're out of order with your comments to @Nellie17. JMO.
Mr Inappropriate
Regular
Chilla
Regular
" Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "
What a incredibly arrogant statement to make if that is indeed true......
If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!
But maybe that would be a waste of time................ASIC is a toothless tiger.....
Send an email direct to John Clarke insisting he have Nige remove this conflict of interest immediately so that Nige position remains tenable.
I have sent an email as Nige 10% shareholding in AJN...the company trying to steal 50% AVZ main asset, is a direct conflict to his duties and responsibility as MD of AVZ and is in conflict of AVZ policy for being a Director.
jclarke@avzminerals.com.au
Mr Inappropriate
Regular
It’s a clear and present conflict of interest that should be of concern all AVZ shareholders." Whats going on with niges 10% stake in AJN "................answer..............."ITS MY BUSINESS "
What a incredibly arrogant statement to make if that is indeed true......
If indeed AJN get their dirty mits on northern section of CDL, then its going to be MY BUSINESS reporting NIGEL to ASIC for conflict of interest.!!
But maybe that would be a waste of time................ASIC is a toothless tiger.....
That Nigel says he will prioritise AVZ’s interests over AJN‘s is utterly irrelevant. He does not need to take an overt action for that conflict to arise - it is inherent due to his ownership in AJN.
The hint is in the title, Nigel: Conflict of Interest.
THE CYCLE OF EMOTIONS OF A AVZ HOLDER............................PRE ML DECREE / POST ML DECREE / AVZ ROADSHOWS
a) PRE ML DECREE
b) POST ML DECREE
c) AVZ ROADSHOWS
4 MORE DAYS UNTIL THE AGM
Tough questions will be asked..........answers will be required !!
Information will be revealed on a OPEN FORUM..............for ALL shareholders to be informed.
Good luck trying to tone me down......
The wife of 21 yrs has tried..............
imo
a) PRE ML DECREE
b) POST ML DECREE
c) AVZ ROADSHOWS
4 MORE DAYS UNTIL THE AGM
Tough questions will be asked..........answers will be required !!
Information will be revealed on a OPEN FORUM..............for ALL shareholders to be informed.
Good luck trying to tone me down......
The wife of 21 yrs has tried..............
imo
Samus
Top 20
AJN has the potential to become an issue, AVZ shareholders need to learn not to sweep things under the rug.
We're in suspension because of similar problems. I was very concerned about the court cases reported in DRC last year but shareholders created the false narrative that it wasn't an issue and even ridiculed those that were concerned.
I wasn't that comfortable with the way Nigel dealt with that part of the discussion at Melb preso.
We're in suspension because of similar problems. I was very concerned about the court cases reported in DRC last year but shareholders created the false narrative that it wasn't an issue and even ridiculed those that were concerned.
I wasn't that comfortable with the way Nigel dealt with that part of the discussion at Melb preso.
MoneyBags1348
Top 20
No worries X, I know you think most of my comments are out of order…. Only time you’ve really ever interacted with me was when you thought I might have had a direct line of communication with Nigel and you went on to tell me you were a sophisticated investor.
Nells started the first joke with me months ago, posting a picture of a black man with a comment which she later removed. Didn’t worry me, I’ve had lots of jokes with her since and as far as comments about big breasts, she’ll admit she put it out there first
Taking your opinion into account, I’ve removed my posts so you can go back to having your sophisticated conversations
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DiscoDanNZ
Regular
What's it currently worth? I wonder if Nige would be keen to put it up as a raffle prize at the AGM, all proceeds from the raffle go towards AVZ
JAG
Top 20
Not a bad first dive
Attachments
Chilla
Regular
The conflict is not what its worth now!What's it currently worth? I wonder if Nige would be keen to put it up as a raffle prize at the AGM, all proceeds from the raffle go towards AVZ
The conflict is what is it worth if AJN are successful in stealing the north??
That potential huge windfall for Nige conflicts with his duty and responsibility to AVZ shareholders to have no relationships or associations that have the potential to harm, damage, devalue AVZ.!!!!
Everyone will be crying foul if that happens and bitching that Nigel had a conflict of interest all along.....and talks of law suits will ensue.
Better for him and AVZ to remove the conflict immediately.
Mr Inappropriate
Regular
I can’t like this enough, @Chilla
Chilla
You make some interesting points.
NF sits on AVZ's board and gets to discuss and vote on all matters AVZ. He is also a major shareholder of AJN, which is attempting to steal AVZ's exploration ground (if recent AJN announcements are genuine).
While he must declare his interest in AJN prior to every board discussion about AJN, it is up to the board to determine on a case-by-case basis whether he is conflicted. However, this is not a transparent or efficient way to do business, and fails to remove the perception of conflict. It also has the potential to influence how board members discuss AJN on the sidelines (outside board meetings).
It would be far better for there to be no perception of mixed loyalties. The board should act on this.
Cheers
F
Rediah
Regular
In the Brisbane RS, AJN’s conflict of interest was brought up that he holds substantial percentage and he should just get rid of it.
NF looked up and after a brief pause he replied that he won’t sell it. And even if he wants to, it will take forever to sell all, as he could only sell 9000 shares a day. Then someone corrected him and said it’s 120k a day. But NF said regardless it will take time to get rid of them. (Maybe as a non executive of AJN he can’t dump it in one go).
NF stance was he has done nothing wrong and has his legal team’s backing.
NF looked up and after a brief pause he replied that he won’t sell it. And even if he wants to, it will take forever to sell all, as he could only sell 9000 shares a day. Then someone corrected him and said it’s 120k a day. But NF said regardless it will take time to get rid of them. (Maybe as a non executive of AJN he can’t dump it in one go).
NF stance was he has done nothing wrong and has his legal team’s backing.
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