AVZ 0.00% 18.5¢ avz minerals limited

Hi @PASBOZ "Anyone know if he has voting rights ,if not can he...

  1. 1,756 Posts.
    lightbulb Created with Sketch. 915
    Hi @PASBOZ

    "Anyone know if he has voting rights ,if not can he be asked to leave conflict of interest discussions?"

    I asked this question at the AGM:

    Q: Isn’t having Huayou on the Board detrimental to any OT, JV or TO negotiations?
    A: No. All negotiations of this type are done by the other Board members. If there is an offer, only then would Huayou be told at a Board meeting as they need to vote. If they want to match the offer it would be okay, but if they don’t, they will be out voted. They cannot influence this vote if the majority of the board is for it as they only have one vote. We also still have an undisclosed MOU and the reason it is undisclosed is the other party insisted on privacy as they don’t want anyone else to know. They are still interested and are continuing on with their review. In the meantime, the Board is focused on developing the resource, financing it properly and on to production….. not on the cheap. Airguide has brought several other Companies to the table. Some have MOU’s and others are still evaluating. We have several entities circling and there are ongoing discussions in Beijing with some major players involved. Also at the Hong Kong 121 conference recently, Airguide organised a private meeting of 30 different entities.


    See full report here: Post #:36713475

    BTW...........With the recent discussions on these threads in relation to Airguide, this bit in particular from Nigel is interesting.............. "Airguide has brought several other Companies to the table. Some have MOU’s and others are still evaluating".

    All IMO & DYOR
    Last edited by Deboss: 28/02/19
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.