AVZ Discussion 2022

[Winenut]

FIRB threshold is 10% and wouldn’t apply here as Resource Fatital Investments is domiciled in Australia

CORPORATIONS ACT 2001 - SECT 606 Prohibition on certain acquisitions of relevant interests in voting shares

www.austlii.edu.au

CORPORATIONS ACT 2001 - SECT 606
Prohibition on certain acquisitions of relevant interests in voting shares
Acquisition of relevant interests in voting shares through transaction entered into by or on behalf of person acquiring relevant interest
(1) A person must not acquire a relevant interest in issued voting shares in a company if:
(a) the company is:
(i) a listed company; or
(ii) an unlisted company with more than 50 members; and
(b) the person acquiring the interest does so through a transaction in relation to securities entered into by or on behalf of the person; and
(c) because of the transaction, that person's or someone else's voting power in the company increases:
(i) from 20% or below to more than 20%

Just thought FIRB "might" look further behind Carrotdick and Resource Capital Investments and investigate who might be backing the cnt

But I get that the entity is domiciled in Oz

Not sure about your 10% threshold though

The magic number is when the shareholding moves from below 20% to more than 20%......that's the trigger point

Well I thought it was

CORPORATIONS ACT 2001 - SECT 606
Prohibition on certain acquisitions of relevant interests in voting shares
Acquisition of relevant interests in voting shares through transaction entered into by or on behalf of person acquiring relevant interest
(1) A person must not acquire a relevant interest in issued voting shares in a company if:
(a) the company is:
(i) a listed company; or
(ii) an unlisted company with more than 50 members; and
(b) the person acquiring the interest does so through a transaction in relation to securities entered into by or on behalf of the person; and
(c) because of the transaction, that person's or someone else's voting power in the company increases:
(i) from 20% or below to more than 20%

 

[Carlos Danger]

Just thought FIRB "might" look further behind Carrotdick and Resource Capital Investments and investigate who might be backing the cnt

But I get that the entity is domiciled in Oz

Not sure about your 10% threshold though

The magic number is when the shareholding moves from below 20% to more than 20%......that's the trigger point

Well I thought it was

CORPORATIONS ACT 2001 - SECT 606
Prohibition on certain acquisitions of relevant interests in voting shares
Acquisition of relevant interests in voting shares through transaction entered into by or on behalf of person acquiring relevant interest
(1) A person must not acquire a relevant interest in issued voting shares in a company if:
(a) the company is:
(i) a listed company; or
(ii) an unlisted company with more than 50 members; and
(b) the person acquiring the interest does so through a transaction in relation to securities entered into by or on behalf of the person; and
(c) because of the transaction, that person's or someone else's voting power in the company increases:
(i) from 20% or below to more than 20%

The 10% is the level Yibin were denied at because it gives the holder an option of an automatic board seat. Which would serve Carrick's purpose anyway if he got to that.

And yes I can read the legislation I quoted that is for any holder regardless of domiciled jurisdiction. Anything above this is prohibited unless the acquisition occurs via a specified exception (such as a takeover bid, scheme of arrangement or with target shareholder approval).

Just ask Gina how her LTR holding is going

 

[Winenut]

The 10% is the level Yibin were denied at because it gives the holder an option of an automatic board seat. Which would serve Carrick's purpose anyway if he got to that.

And yes I can read the legislation I quoted that is for any holder regardless of domiciled jurisdiction. Anything above this is prohibited unless the acquisition occurs via a specified exception (such as a takeover bid, scheme of arrangement or with target shareholder approval).

Just ask Gina how her LTR holding is going

Gotcha

 

[oxxa23]

Haplo just shared on X... may completely be avz unrelated... but.. anyway...

 

[PhatCatz]

Haplo just shared on X... may completely be avz unrelated... but.. anyway...

View attachment 70351

Might be super coincidental. But when Rio checked in at DRC a few month back. Check thier share price appreciation from that point onwards. I feel like it’s just purely coincidental. But you never know.

 

[Randenj]

Haplo just shared on X... may completely be avz unrelated... but.. anyway...

View attachment 70351

I'm happy to do a share swap at 50:1............

 

[Rediah]

Hmmmm

 

[Dazmac66]

"There will be a resolution soon" next sentence "I don't know when the situation will be resolved" This is how we roll in the AVZ shitshow!!
BTW thanks for posting Rediah

 

[j.l]

Hmmmm

View attachment 70356

Sheesh!

If that is to be believed, that's some high level attention right there.

I wonder what "ensuring the state gets its fair share" boils down to for us plebs...

 

[Frank]

x.com

x.com

x.com

x.com

x.com

x.com

 

[Mute22]

Hmmmm

View attachment 70356

Funny, if they followed their own mining code their 'fair share' was already outlined. Now they know the size, they want to change the rules after we take all the risk.

 

[Carlos Danger]

Funny, if they followed their own mining code their 'fair share' was already outlined. Now they know the size, they want to change the rules after we take all the risk.

If they actually gave a fuck about their 'fair share' then Cominiere wouldn't have put the 15% of Dathcom up for sale in the first place

 

[Rightyo]

One thing is for certain, I will definitely be notifying ASIC & FIRB of the mysterious changes to the AVZ top twenty holdings , and would encourage all others to do the same!

Cheers,
Nellie

wouldnt happen to have an email adress the 20 0dd thousand shareholders could voice their concerns. thanks in advance

 

[oxxa23]

Now this needs to be addressed by the company and our new shareholder liaison..

No chance they will in my opinion... the drc govt didn't appear to like our last update... why put more out there to annoy them... nothing to be gained by reporting anything.... I'd rather no feel good and more chance of success...

 

[Cumquat Cap]

Now this needs to be addressed by the company and our new shareholder liaison..

Don’t address shit just focus on getting us the fuck out of this hellhole

 

[RHyNO]

Fucking love this!! Imagine trump coming to our rescue. Palms out to the crowd. “I looked at it I said that’s a lot of lithium, a lot of lithium there, and a bad deal for the Australians, because those Congo businesses are bad bad businesses, so I said to Felix, I said, Felix, your doing a terrible job, you’re being very rude and very unfair, to my friends in Australia, we have friends in Australia, a lot of friends, a lot of good people there, and I said Felix, give us the Lithium, give it to us Felix, or I would make Kinshasa a swimming pool, and he knows, he knows it will be very bad, Very bad, and he said two dollars, two dollars, but of course I laughed at him, I said Felix, it’s gotta be twelve, it’s got to be twelve dollars a share for AVZ, or swimming pool for Kinshasa, of course we got the deal done for our friends in Australia, my good friend peter Dutton, and Anthony Kneesy, good good friends. I said wow”

 

[Dutchaussie86]

Fucking love this!! Imagine trump coming to our rescue. Palms out to the crowd. “I looked at it I said that’s a lot of lithium, a lot of lithium there, and a bad deal for the Australians, because those Congo businesses are bad bad businesses, so I said to Felix, I said, Felix, your doing a terrible job, you’re being very rude and very unfair, to my friends in Australia, we have friends in Australia, a lot of friends, a lot of good people there, and I said Felix, give us the Lithium, give it to us Felix, or I would make Kinshasa a swimming pool, and he knows, he knows it will be very bad, Very bad, and he said two dollars, two dollars, but of course I laughed at him, I said Felix, it’s gotta be twelve, it’s got to be twelve dollars a share for AVZ, or swimming pool for Kinshasa, of course we got the deal done for our friends in Australia, my good friend peter Dutton, and Anthony Kneesy, good good friends. I said wow”

I put that in a Trump text to speech ai generator and it sounded hilarious!!

 

[protoje]

Fucking love this!! Imagine trump coming to our rescue. Palms out to the crowd. “I looked at it I said that’s a lot of lithium, a lot of lithium there, and a bad deal for the Australians, because those Congo businesses are bad bad businesses, so I said to Felix, I said, Felix, your doing a terrible job, you’re being very rude and very unfair, to my friends in Australia, we have friends in Australia, a lot of friends, a lot of good people there, and I said Felix, give us the Lithium, give it to us Felix, or I would make Kinshasa a swimming pool, and he knows, he knows it will be very bad, Very bad, and he said two dollars, two dollars, but of course I laughed at him, I said Felix, it’s gotta be twelve, it’s got to be twelve dollars a share for AVZ, or swimming pool for Kinshasa, of course we got the deal done for our friends in Australia, my good friend peter Dutton, and Anthony Kneesy, good good friends. I said wow”

This is brilliant.

 

[CHB]

Fucking love this!! Imagine trump coming to our rescue. Palms out to the crowd. “I looked at it I said that’s a lot of lithium, a lot of lithium there, and a bad deal for the Australians, because those Congo businesses are bad bad businesses, so I said to Felix, I said, Felix, your doing a terrible job, you’re being very rude and very unfair, to my friends in Australia, we have friends in Australia, a lot of friends, a lot of good people there, and I said Felix, give us the Lithium, give it to us Felix, or I would make Kinshasa a swimming pool, and he knows, he knows it will be very bad, Very bad, and he said two dollars, two dollars, but of course I laughed at him, I said Felix, it’s gotta be twelve, it’s got to be twelve dollars a share for AVZ, or swimming pool for Kinshasa, of course we got the deal done for our friends in Australia, my good friend peter Dutton, and Anthony Kneesy, good good friends. I said wow”

Finally a quality post from you haha

 

[BRICK]

"There will be a resolution soon" next sentence "I don't know when the situation will be resolved" This is how we roll in the AVZ shitshow!!
BTW thanks for posting Rediah

imminently?