AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
Le bradage des actifs miniers de la Cominière s’est fait avec la complicité d’Adèle Kayinda
L’Inspection générale des finances (IGF) a produit un rapport, qui est déjà sur la table du Premier ministre Sama Lukonde. Ce rapport accablant renseigne sur le bradage des actifs mini
exclusifrdc-com.translate.goog
CeckRaiseFold
Regular
well said and laid-out Fox! Maximising the monetisation of the asset should always be front of mind of the BoD and is in SH interest. As you say there are various options at our disposal, some of which simply have to recognise the landscape we operate in. Going all-in and ending up with nothing is not a prudent strategy, giving way in some areas to secure a deal that carries the Roche Dure to mining and CDL to further exploration even if that means letting unwelcome partners in the tent for a reasonable compensation at market value is preferable. I guess everybody has a different view depending on the average cost per share they bought in at and how desperately they need their money.Who said anything about a TO from a Chinese company? FYI you won’t be able to vote on any potential sale by AVZ of its Dathcom shares, whether this happens at 100% or a lessor percentage just to let you know.
Fighting to the end and worse case scenarios doesn’t sound what you might say, “commercially strategic”.
If I had a choice in the matter I would see AVZ sell 100% (or continue to hold a 10% free carry) of its ownership of the Roche Dure tenement for say $4B, provide a special dividend to AVZ shareholders of approx $1.20 or more then with balance of funds held by AVZ prove up Carriere de I’Este and just do it all again, and while picking up a couple of other sites either here in Australia or the DRC to diversify.
On the above example I’d expect with AVZ holding approx $500M in the bank, say 10% of Dathcom, 100% of the surrounding Manono leases (already held) and Carriere de I’Este and AVZ power making dollars charging for the electricity to mining sites and town the share price would be approximately 40 cents, maybe more IMO of course. (Or flip this all around and sell Carriere de I’Este for $1B with 100% off take locked in and move forward with Roche Dure with no debt or need to take on equity parters Chinese or otherwise, just a thought)
FYI the Carriere de l’Este Pegmatite, has a mapped length of about 5,500m, and is potentially the largest pegmatite in the Manono Project and potentially the highest grade.
Fight to the death or bitter end, winner take all is good when your back is against the wall, however I believe AVZ is well in front of everything and is gradually winning its bouts with the various corrupt parties it encounters so to that end this is all a game of strategy more like chess then a punch up.
The strategy is to protect, retain or monetise assets to make the most dollars for shareholders, nothing else really matters. If the best outcome for shareholders (immediate and long term) is for some type of TO so be it.
I see a full or partial TO as an absolute win for shareholders (if completed on favourable terms of course.)
Unfortunately, I don’t think there is a high chance of a TO of AVZ’s interests in Dathcom at this time. Although I certainly do hope it happens now and it’s based on a similar outcome / structure to what I described above.
In any event, I would not dismiss the “Opportunity” of a TO so readily when there are Take Overs and there are Take Overs, any outcome that is of great financial benefit and reward to AVZ shareholders is welcome IMO.
As suggested in a previous post, seems this week is turning out to be very interesting indeed.
Regarding coming out of suspension, from what I hear it’s unlikely this week, apparently everything is all sorted in favour of AVZ which is great news, yet there are still various processes and documents to complete / finalise to support coming out of suspension. It all might be completed and written up in the next few days but sounded unlikely. As always, we shall see what the tide brings in tomorrow, and the next day and so on and so on…….
Cheers The Fox
I think 5-6mill deposit was paid but was then spent on mars bars - no trace of it, gaaaawn!
my ex wives have a firm grip no room for anymore hands mateDidn't know you'd put yours on the line like Jag!
If this mess ever resolves satisfactorily, let's see Zijin go after Comineire for the return of its US$5m deposit. They'll need long arms and a strong grip to scoop a million Mars bars from the bottom of a Manono shitter!
Cheers
F
TDITD
Top 20
I dare say a few select people with co-morbidities (read : diabetes) will unfortunately succumb to the chinese spicy cough (covid19). These people will be hastily cremated due to contamination risk of course.
JAG
Top 20
They're fooked!
Sammy_da_Smile
Regular
Rediah
Regular
Was thinking the same about the possibility of getting moved out of 200 club, is it a possibility or certain rules for the duration of suspension before they decide to remove a stock?Hmm wasn't someone saying that if we get kicked out of 200 and 300 due to nil trading for a while that they'll all be forced to sell on open?
Could be a bit chaotic
Carlos Danger
Top 20
It's decided on relative liquidity for the previous six months compared to median liquidity for stocks in the all ordinaries. Minimum of 50% required to stay in the ASX200 and minimum of 30% required to stay in the ASX300.
Similar threads
