AVZ Discussion 2022

[TDITD]

Let's be honest though, the wages drawn have been fucking insulting to those paying for those wages (Us). Wages for NOTHING so far. Wages for PAIN?
That's all current shareholders have, pain.
It is a good message to send to BoD and I am about to change my vote to against for resolution #1, but I'm having this conversation to see If someone can convince me otherwise.

They'll have to be responsible not to get another 25% vote next agm wont they?

Honestly, how the FUCK are they paying themselves amongst the top wages for board members ASX wide, while producing absolutely SQUAT!?
ZERO! NOTHING but absolute agony and pain for shareholders????
Fuck sake man.
They need their heads and asses slapped BIG time.
They already have enough in performance shares, to give them incentive to succeed.
THEY ALREADY HAVE ENOUGH INCENTIVE!

If they need extra bonus to continue working, then it means they dont believe they can succeed.
If they need bonuses to keep working, it means they don't see any value in their performance shares.
It means we're all fucked.
If so, fuck them too!

Personally, I can't argue the wages and bonus's while we have been in suspension and thwarted at every opportunity so far. There are arguments both ways, but end of the day this is a results game. Where are our results?

But speaking strategically if I'm voting against them then like has been mentioned they only need another snub to be booted, you can bet your bottom dollar that'll be very high up on the Zijin Menu (more Chinese restaurant meetings). So I'll effectively be helping out the enemy indirectly if I vote against it. We do not know what will happen down the road, just like last year and the year before.

So IMO its best to play safe.

I'll be fucked if I'm helping Zijin, MMGA, Corrupt Cominere & cunt Cong.

 

[Hodlandwin69]

I sincerely invite anyone to give everyone here good reason and argument that we should vote FOR on resolution #1, the remuneration.
I do not agree that a vote aginst this would give our enemies fuel against us assuming after the AGM, MMGA do not succeed.
To argue that another year away (AGM '24) would give them fuel is absurd.

The BoD giving themselves even a SLIGHT pay cut during this turmoil would have gone a LONG way to sure up support, but no fuckign nothing.
Shareholders are suffering massively, and they're drawing hundreds of thousands of dollars as salary!!!
They freeze OUR money, and pay themselves massively from this money we cant get out of, and salaries WAY above the median for a company that produces ZERO profits!
FUCK OFF!

As I said I invite anyone to give good reason otherwise but I'm changing my vote against resolution #1.
Unbelievable.

They did take a pay cut. Compare FY22 to FY23 total remuneration, it's like 75% pay cut (when factoring in share based remuneration).
Sure he got like $640k in cash, but that's like what a medical specialist gets, I think Nigel is more stressed getting cucked more than a medical specialist, plus has to be in Africa away from his family. Sure that's what he signed up for, and he signed up to get paid bank! (But yeh he better deliver soon)

 

[Spikerama]

There you go. Fixed it!

Go post these in the same MMGA thread on twitter.

 

[tonster66]

I sincerely invite anyone to give everyone here good reason and argument that we should vote FOR on resolution #1, the remuneration.
I do not agree that a vote aginst this would give our enemies fuel against us assuming after the AGM, MMGA do not succeed.
To argue that another year away (AGM '24) would give them fuel is absurd.

The BoD giving themselves even a SLIGHT pay cut during this turmoil would have gone a LONG way to sure up support, but no fuckign nothing.
Shareholders are suffering massively, and they're drawing hundreds of thousands of dollars as salary!!!
They freeze OUR money, and pay themselves massively from this money we cant get out of, and salaries WAY above the median for a company that produces ZERO profits!
FUCK OFF!

As I said I invite anyone to give good reason otherwise but I'm changing my vote against resolution #1.
Unbelievable.

I put a sad emoji for the reason that the BOD seem to have no empathy for shareholders. They have treated us like shit and with utter contempt. They could have at least been in communication with shareholders throughout this ideal, not with updates about their strategies but just showing some respect. They have treated us horribly and I dont care what anyone says I dont believe they have even earnt their salary. You cannot tell me that they have all worked 40 hrs/wk, on what!
I really think its sad the way this company has treated its shareholders.
Just booked my flights and accommodation for the AGM and what makes it so much worse for me is the mrs says she wants to come because shes freaked out about our investment!

 

[Spikerama]

Fixed it again.

 

[tonster66]

Yeah that's why I'll be voting yes for remuneration

But hard questions need to be asked about the plan for 'medium term' capital raises in suspension outlined in the going concern if still no ML when funds get low. Especially with what they said last year about spending reviews and cutting costs if needed. And their recommendation to appoint more snouts to the trough

Why not put a fire under them and put their jobs at risk. maybe they will treat shareholders with the respect they deserve. Lets remenber where their salary comes from, the SHAREHOLDERS. Do the fucking job

 

[tonster66]

I think it's an ATM facility (At The Market) meaning AVZ can raise up to $50m by issuing the required qty of shares at the market price

I believe it's all in place and ready to go.....just not sure how being in suspension might affect the process?

Bring us out of suspension then we get access to another years salary for the lazy fucks

 

[Chilla]

Why not put a fire under them and put their jobs at risk. maybe they will treat shareholders with the respect they deserve. Lets remenber where they salary comes from, the SHAREHOLDERS. Do the fucking job

Know when to pick your battles! This is NOT the time to be picking that one.

When facing nefarious corrupt players trying to steal YOUR investment…..you want the BoD working for YOU.

Support the BoD in winning this existential battle first…..then once your investment is secure….then have your say on remuneration.

Dont shoot yourself in the foot!

 

[antimatter]

Bring us out of suspension then we get access to another years salary for the lazy fucks

Do you want AVZ to trade again withour ML?

 

[Azzler]

Know when to pick your battles! This is NOT the time to be picking that one.

When facing nefarious corrupt players trying to steal YOUR investment…..you want the BoD working for YOU.

Support the BoD in winning this existential battle first…..then once your investment is secure….then have your say on remuneration.

Dont shoot yourself in the foot!

Their performance shares MASSIVELY incentivises them to succeed. MASSIVELY!
And they've already awarded themselves TONS!
Bonuses and absurdly high wages means money for them regardless of the outcome.

They have already assured themselves of making multiples of millions should they succeed.

There is no shooting ourselves in the foot here.
They're already incetivised.

 

[Xerof]

Know when to pick your battles! This is NOT the time to be picking that one.

When facing nefarious corrupt players trying to steal YOUR investment…..you want the BoD working for YOU.

Support the BoD in winning this existential battle first…..then once your investment is secure….then have your say on remuneration.

Dont shoot yourself in the foot!

EXACTLY

Let it go, vote how you fucking want, but let’s keep it as a nonissue in the circumstances

 

[tonster66]

Know when to pick your battles! This is NOT the time to be picking that one.

When facing nefarious corrupt players trying to steal YOUR investment…..you want the BoD working for YOU.

Support the BoD in winning this existential battle first…..then once your investment is secure….then have your say on remuneration.

Dont shoot yourself in the foot!

I dont see them working for us. Remember last years agm and Nigel dismissed shareholders regarding the conflict of interest with AJN. He has covered his bases, he is still in cohouts with KE. The smug fuck needs that grin wiped of his face and to do that is to vote no for their remuneration

 

[Doc]

I put a sad emoji for the reason that the BOD seem to have no empathy for shareholders. They have treated us like shit and with utter contempt. They could have at least been in communication with shareholders throughout this ideal, not with updates about their strategies but just showing some respect. They have treated us horribly and I dont care what anyone says I dont believe they have even earnt their salary. You cannot tell me that they have all worked 40 hrs/wk, on what!
I really think its sad the way this company has treated its shareholders.
Just booked my flights and accommodation for the AGM and what makes it so much worse for me is the mrs says she wants to come because shes freaked out about our investment!

I just hope Nigel approaches this AGM with alot more humility and respect. BoD came across extremely arrogant last year, mocking questions, not answering questions and some snide answers.
Nigel needs to get up there and be honest, respectful and humble. Answer all the questions respectful Nigel and Co. some of us are hurting financially because of this

 

[Jazz]

Shares already issued for this facility and it expires around 27 Feb 2024. I too am not sure if it’s available to draw from while suspended?

Chilla, I have it on very good authority that we must be trading, unfortunately.

 

[Dunsgro]

I put a sad emoji for the reason that the BOD seem to have no empathy for shareholders. They have treated us like shit and with utter contempt. They could have at least been in communication with shareholders throughout this ideal, not with updates about their strategies but just showing some respect. They have treated us horribly and I dont care what anyone says I dont believe they have even earnt their salary. You cannot tell me that they have all worked 40 hrs/wk, on what!
I really think its sad the way this company has treated its shareholders.
Just booked my flights and accommodation for the AGM and what makes it so much worse for me is the mrs says she wants to come because shes freaked out about our investment!

Sorry if already asked but can any share holder just rock up to the agm or do you have register to go ??

 

[tonster66]

Do you want AVZ to trade again withour ML?

Yep, then shareholders can determine what they want to do. Currently we are so disempowered and subject to the whims of Nigel, he thinks he is doing a great job so that he pays himself a bonus! seriously!

 

[Azzler]

Chilla, I have it on very good authority that we must be trading, unfortunately.

What does that even mean Jazz?

 

[tonster66]

It is an issue

 

[Spikerama]

What does that even mean Jazz?

For the ATM to be utilised they mean.

 

[Jazz]

What does that even mean Jazz?

Sorry, we must be trading in order to access the ATM facility.