AVZ Discussion 2022

[Dijon101]

Well said @obe wan

3 years for me now. Pretty much started investing during covid, this has certainly been a steep learning curve for me.

I can appreciate what the board has been going through, I can understand the need for silence, but I can understand why some think the bonuses to the BoD would be considered tone deaf.


My overall feeling right now is optimism.

You can just smell the desperation coming from our detractors and it's wonderful

 

[tonster66]

https://x.com/DEBOSS7788/status/1699514596124770452?s=20

Still waiting

 

[Mr Inappropriate]

Could it be justified? Currently shareholder value is zilch, we do not have access to any of our funds. Yet AVZ employees are being paid bonus's for no results (Bonus time frame 22-23 financial year) What happened in this period? Nothing, in fact our decree was cancelled and our CEO walked out on a mining conference. How have these actions contributed to shareholder wealth? I don't know, on the surface they have not.

What mining conference, and when?

 

[CHB]

What mining conference, and when?

There was a talk/conference from memory in which they were due to present but bailed because something had cropped up that day.

Can't remember when and which conference now but pretty sure it did happen.

One of those surprises that have been popping up every so often.

 

[tonster66]

What mining conference, and when?

I cant remember the exact dates. I am pretty sure it was in South Africa Jan 23 and he had just been advised that the MoM had just cancelled our decree and thus did not present as he was scheduled to. I even sent AVZ an email to confirm this info as I believed tommy the tit released this info before any announcements.

 

[oxxa23]

I can only imagine they're expecting the ML to be granted by the time AGM comes around.

That's a big bloody punt the greedy pricks took

 

[geo_au]

It's the savings from not having a roadshow this year
View attachment 45910

Yes, but I dont think it is a great look considering we have been in suspension for 16 months. Who pays their wages? The shareholders do. Have the shareholders have access to any of their funds? No.
All the shareholders have received from these people who have been paid well and bonus's on top is "we are in discussion with the government". That is a lot of talking but what have we seen no tangible results? No. They should be ashamed that they have given themselves bonus's.

The bonuses you referred to are similar to progess payments when you have a house built and is ok with me as they have made progress. All will be revealed when the BoD are ready.

PS try to think before you post.

 

[geo_au]

Yes, but I dont think it is a great look considering we have been in suspension for 16 months. Who pays their wages? The shareholders do. Have the shareholders have access to any of their funds? No.
All the shareholders have received from these people who have been paid well and bonus's on top is "we are in discussion with the government". That is a lot of talking but what have we seen no tangible results? No. They should be ashamed that they have given themselves bonus's.

BTW we also pay our politician their wages and don't forget the police, public servants and nurses plus councils.

 

[John25]

The bonuses you referred to are similar to progess payments when you have a house built and is ok with me as they have made progress. All will be revealed when the BoD are ready.

PS try to think before you post.

BTW we also pay our politician their wages and don't forget the police, public servants and nurses plus councils.

 

[Dom1974]

If we’re using the house build analogy, rather than building a house with the standard inclusions (wages) they’ll be able to have all the luxury fittings (bonuses).

 

[oxxa23]

The bonuses you referred to are similar to progess payments when you have a house built and is ok with me as they have made progress. All will be revealed when the BoD are ready.

PS try to think before you post.

Worst argument ever.... avz have problems to battle through... but, long term the most critical item if we had to fight through all the legal battles would be cash.... and here they are, blowing it undeservedly on themselves.

 

[geo_au]

They're a farken joke...

If anyone can justify it, please enlighten me.

If there wages are not paid then you lose your investment because no one works for nothing. If the company you work for hits hard times and cannot pay your wages then you look for another job, simple as that

 

[oxxa23]

If there wages are not paid then you lose your investment because no one works for nothing. If the company you work for hits hard times and cannot pay your wages then you look for another job, simple as that

Yeah, maybe that stands for Ben and the CFO... but, not directors on the back of millions of freebie shares for themselves.... surely that's motivation enough...

 

[oxxa23]

If there wages are not paid then you lose your investment because no one works for nothing. If the company you work for hits hard times and cannot pay your wages then you look for another job, simple as that

You must be related to someone on the board... you're unwavering support of every bit of bullshit pulled by the BOD's is ridiculous

 

[oxxa23]

If there wages are not paid then you lose your investment because no one works for nothing. If the company you work for hits hard times and cannot pay your wages then you look for another job, simple as that

And don't confuse wages with bonuses.... and currently we can pay wages.... but not overs...

 

[tonster66]

The point is that they are bonus's, what have they done to receive them above their pay? At the AGM 22 Nigel stated that if we did not receive the ML they would reduce costs. They have given themselves a bonus, like WTF

 

[Dom1974]

I wonder what happens if on the morning of the ICC on Thursday, Zijin lawyer chucks a sickie, or says dog ate my homework…some BS excuse to say they can’t go ahead and need to postpone. Do they forfeit and lose or do we get screwed over again with another delay?

 

[BRICK]

This is a brain burning waiting game. I don’t know enough to make any assumptions anymore about how long either.
Only thing I feel is that things are getting to the pointy end.

Any other surfers in here would understand this, sometimes you’re sitting out the back waiting for one last decent set wave to come in and the ocean goes quiet. It feels like this ant the moment.
And every fucking time you decide to paddle in or get a small one after losing your patience, you end up standing on the point to see the set of the day hit!

 

[Carlos Danger]

The bonuses you referred to are similar to progess payments when you have a house built and is ok with me as they have made progress. All will be revealed when the BoD are ready.

PS try to think before you post.

We've literally gone backwards in the last financial year. There is zero justification for the pay rises and bonuses the directors have given themselves when the stock hasn't traded in 512 days. If this is the type of respect they show to the people paying their wages then no fucking wonder none of the JV partners like them and we are in this mess.

 

[TDITD]

I wonder what happens if on the morning of the ICC on Thursday, Zijin lawyer chucks a sickie, or says dog ate my homework…some BS excuse to say they can’t go ahead and need to postpone. Do they forfeit and lose or do we get screwed over again with another delay?

Been expecting this too, 'food poisoning' just so happens to strike down the 'lawyers' of Jin Cheng who all ate the same dish at the same restaurant last night. Oh no judge oops, oh well, next month we can make it .

They are pulling every low-down dirty trick they can. If its an option, it'll happen.