AVZ Discussion 2022

[MoneyBags1348]

So, AVZ are still listed as the headline sponsor for the DRC Battery Metals Forum - Africa.

Also, (not sure if this is already been posted) - but interesting that the speakers page has been updated and includes Paul from Cadastre, Serge from our side, and the MOM (also the CEO of Tantalex, President of CMOC etc etc).

Would have loved to see Nigel there, but at least Serge will be flying the flag I guess. To be honest, Im actually mildly optimistic that we haven't pulled the sponsorship (yet) - not reading too much into this.

Link here fyi https://www.drc-africabatterymetals.com/speakers

Cheers,
Powerage.

Antoinette should be speaking at the Battery Metals event seeing how she is the Minister of Mines but Julien Paluku Kahongya who is Minister of Industry took over as official host of the event earlier this year and the Ministry of Mines is the supporting Ministry

 

[Xerof]

You are in a fiery mood there Xerof..........I never suggested you were a dumb C..., clearly that is me cause I realised too late that my post about Zijin funding Cominiere and other DRc pollies was not relevant to what you were trying to articulate...

"I wasn't referring to Zijin, they are not shareholders in MMCS, whereas some of the DRC pollies (or ex-pollies) allegedly are"

"and if you believe that some of the people behind MMCS are the very same players AVZ is dealing with in positions of responsibility",

Is that just a hunch on your part ?

If true, massive conflicts of interest, which would result in you being rapped on the knuckles if you were a politician in Australia.

Clearly not so in the DRC.

Fuck i am over all this skull duggery bullshit mate ..............my mind is seriously blown.!!

An 'educated' hunch

 

[JNRB]

So, AVZ are still listed as the headline sponsor for the DRC Battery Metals Forum - Africa.

Also, (not sure if this is already been posted) - but interesting that the speakers page has been updated and includes Paul from Cadastre, Serge from our side, and the MOM (also the CEO of Tantalex, President of CMOC etc etc).

Would have loved to see Nigel there, but at least Serge will be flying the flag I guess. To be honest, Im actually mildly optimistic that we haven't pulled the sponsorship (yet) - not reading too much into this.

Link here fyi https://www.drc-africabatterymetals.com/speakers

Cheers,
Powerage.

Serge is our local representative over there and so should be playing a big role. IMO it's nice to see him being given the opportunity to be the one representing the company at these things. Also helps drive home the point we are partners with the DRC on this, not neo-colonisers like China

 

[Mr Inappropriate]

I’m pretty sure the ASX and it’s listing compliance officers (who I have emailed several times in the past relating to other companies) are sympathetic to AVZ.

Maybe I will email a past contact and find out how long it takes (as I have no idea myself) but I am still aware that even though the short sellers and trolls like boatman, tommy and the klaus jerkoff and zijin stooges have shit themselves because progress is being made and they no doubt have heard about it through their corrupt alliances with Guy Loando Mboyo and Kabemba etc….

Fuck that was a long sentence…. What I meant to say is the trolls are still lurking

I reckon you are on the money, Money.

The ASX did us a massive favour by forcing our suspension. Without it we might be trading now at just a few cents, making a hostile takeover/buyout mere child's play.

In the fullnesss of time we might well hear of a coordinated effort across government agencies (ASX, FIRB, DFAT, Spooks) to help us. My belief is that those agencies recognised both the corrupt and coordinated attacks on us, as well as the strategic importance of the asset, to offer us the protections that we needed in the form of a trading suspension. I'd put money on it.

 

[Mr Inappropriate]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

If it comes with good news, I can wait...

 

[Doc]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

2 years another 2 months....whos counting? Its all one long bloody wait that we are now used to!

 

[Chilla]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

The case of AVZ relisting is not that difficult. I believe the Cosecs are in regular contact with the ASX compliance officers, so a lot of the info ASX require may already have been submitted. The only reason for the forced suspension is AVZ do not want to disclose information that can be used to benefit those who are fucking us over. Once the resolution has been reached, it’s a matter of disclosing all relevant information, ASX being satisfied with it, then notice of date for recommencement of trading advised.
It’s not like other companies who may be needing large capital raises with guarantees to relist, or companies making a large acquisition that maybe considered a change in business or require a Prospectus. Those cases can and do take a few months because of the major change in business direction and may require a new Constitution.
If AVZ have been keeping ASX informed, I think it will be only a few weeks for relisting once all relevant info can be disclosed and announced to the market.

 

[oxxa23]

I reckon you are on the money, Money.

The ASX did us a massive favour by forcing our suspension. Without it we might be trading now at just a few cents, making a hostile takeover/buyout mere child's play.

In the fullnesss of time we might well hear of a coordinated effort across government agencies (ASX, FIRB, DFAT, Spooks) to help us. My belief is that those agencies recognised both the corrupt and coordinated attacks on us, as well as the strategic importance of the asset, to offer us the protections that we needed in the form of a trading suspension. I'd put money on it.

They don't force you to trade because of non compliance, they suspend you... no way we were ever trading when not answering questions... whether that was clever by avz or somewhat discussed with asx, we won't know... but, asx went by the rule book regardless on this

 

[oxxa23]

The case of AVZ relisting is not that difficult. I believe the Cosecs are in regular contact with the ASX compliance officers, so a lot of the info ASX require may already have been submitted. The only reason for the forced suspension is AVZ do not want to disclose information that can be used to benefit those who are fucking us over. Once the resolution has been reached, it’s a matter of disclosing all relevant information, ASX being satisfied with it, then notice of date for recommencement of trading advised.
It’s not like other companies who may be needing large capital raises with guarantees to relist, or companies making a large acquisition that maybe considered a change in business or require a Prospectus. Those cases can and do take a few months because of the major change in business direction and may require a new Constitution.
If AVZ have been keeping ASX informed, I think it will be only a few weeks for relisting once all relevant info can be disclosed and announced to the market.

Here's hoping, albeit a week or month longer won't matter to me... but, understand those keen for relisting if they need some cash, feel for those unlucky buggers

 

[timb89]

This is great news.

SPEAKERS | Drc Africa Battery M

www.drc-africabatterymetals.com

 

[rocco]

Why is everyone talking about trading again, did I miss something was there some solid news from @MoneyBags1348 next door neighbours pet beagle?

 

[FilthyRich2]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

 

[tonster66]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

Its not like they have had a lot to do in the past 19 months

 

[hedrox]

from the new updated battery council website....

 

[Cumquat Cap]

Hopefully we have some good news to discuss by then, Will be embarrassing if not. And also hope avz holds strong and refuses to pull out should ml yet to be received by this date.

 

[BRICK]

Please give me at least a weeks notice to warm the fat lady up before she sings.



Sorry Gina I do love you

 

[TDITD]

AVZ are in forced suspension I.e. No longer voluntary ; there's a couple of Re registration and compliance processes they need to wade through ; I've received the information from a couple of individuals with professions in this field ; I'm sure the company would tell you the same if asked.

Be prepared to wait out around another 2 months after news comes through from which the company applies to come back out of suspension

Two months is a long time.
A long time for shareholders to pour over the BFS.
Also a long time for any possible interested parties to register interest
Will certainly be an eventful two months after the ML/PE is given, many announcements expected and many that could eventuate too

 

[Xerof]

I suspect a supplementary prospectus will be required on re-listing
It does take a little while to prepare
Heard this from someone very reliable on AVZ matters and ASX compliance.
My guess is 6 weeks from ML due to the red tape for ASX compliance
It does not take as long as a full prospectus
The wheels should be in motion with most of the basic requirements drafted.
It will need AVZ Auditors involvement, but I am sure they are across this already.

AR due out around mid-October Filth @FilthyRich2

Would it dovetail with audit prep on short form prospectus ?

7

 

[FilthyRich2]

Possibly but I would suspect the dates referred to will not be 30th June 2023
Shortform needs to be more current
Will be an update to perhaps a 31st August or 15th September date
I don't think they can make that call quite yet.
Auditors may be getting confidence with post 1st July 2023 transactions to enable them to provide a limited assurance on the supplementary prospectus.
Auditors likely not to sign off on 30th June 2023 financials till as late as possible. (possibly only a day or two before the audited accounts release)
The reason being they are considering the impairment implications of the capitalised mining assets.
If no mining licence is issued, they would consider this an impairment on carrying value of assets unless they are written down.
In a situation of no ML, I would expect a qualification in the auditors report.
If ML licence is issued by audit sign off date, everything is Hunky Dory.

 

[Xerof]

Thank you mate, more detail than I expected but much appreciated