AVZ Discussion 2022

[Winenut]

I do believe a TO will eventually materialise, I never believed AVZ is staffed, experienced or capable to design, procure, construct and run the largest hard rock lithium mine and transport its product. But IMO the company will never be allowed to be sold wholly to a Chinese entity, it would not get through FIRB. One of large Australian miners or international consortium is more realistic. The Chinese challenges IMO all revolve around % ownership of Dathcom and the ML tenement split, not AVZ TO.

However TO will not happen until a number of things fall into place to have clarity on the value of AVZ:
1) Clarity on the ML - what is covered, is CDL included or not - how much of the asset is covered for exploitation and how much under exploration, and with who
2) Ownership - does AVZ own 51%, 66%, 75% of Dathcom or something else
3) BFS on 4.5 and 10MTpa - put it out there how much AVZ thinks the asset is worth
4) MEZ - commercial / Tax regime
5) Further Off-takes?
6) Further drilling to increase resource base?

IMO we definitely need items 1, 2 and 3 to negotiate a TO.

Don't reckon any of this has to go through FIRB.

The key entity in all of this is actually Dathcom (not AVZ)

I don't believe Dathcom is an Australian domiciled company therefore it is not within FIRB's jurisdiction

If anyone want's to buy Dathcom they can.....assuming the current shareholders in Dathcom agree to the sale

The FIRB can't stop that happening

Happy to stand corrected

 

[wombat74]

Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over

Mate have half a dozen stiff Whiskeys and stare at this photo .

 

[Nbaz]

Mate I'm hearing ya and agree with ya but seriously don't worry. You will be able to enjoy life once this is over. I can just see you now......

View attachment 13328

Good God, one thrust as he'll turn to dust!

 

[Sammy_da_Smile]

Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over

Is he still in DRC?

 

[CHB]

Is he still in DRC?

Mate

He better be applying to be a permanent resident.

 

[CeckRaiseFold]

Don't reckon any of this has to go through FIRB.

The key entity in all of this is actually Dathcom (not AVZ)

I don't believe Dathcom is an Australian domiciled company therefore it is not within FIRB's jurisdiction

If anyone want's to buy Dathcom they can.....assuming the current shareholders in Dathcom agree to the sale

The FIRB can't stop that happening

Happy to stand corrected

Yes you are correct in that - but discussion has been on TO of AVZ and people getting $1, $2, $3 for their shares. Only an AVZ take-over will trigger a wind-up of all shares on ASX and a pay-out of all shareholdings causing some people to fret about paying tax. I wonder why though because if you pay tax you made money??
These two (Dathcom and AVZ TOs) are being mixed up, and only the AVZ TO leads to an ASX/ATO/SH pay-out. TO of Dathcom does not and would be a bad situation for AVZ value because basically our holdings in Dathcom is the entire value of AVZ.

 

[DoubleA]

Yes you are correct in that - but discussion has been on TO of AVZ and people getting $1, $2, $3 for their shares. Only an AVZ take-over will trigger a wind-up of all shares on ASX and a pay-out of all shareholdings causing some people to fret about paying tax. I wonder why though because if you pay tax you made money??
These two (Dathcom and AVZ TOs) are being mixed up, and only the AVZ TO leads to an ASX/ATO/SH pay-out. TO of Dathcom does not and would be a bad situation for AVZ value because basically our holdings in Dathcom is the entire value of AVZ.

If Dathcom was sold could the end result not be quite similar?

If Dathcom was sold and the funds were then distributed from AVZ through a special dividend, then either AVZ would have to pay tax on the profits made within Australia and pay a franked dividend or AVZ dividend would be unfranked. A large amount of tax is taken out of the proceeds either way.

Then again if AVZ continued operations and looked for other projects without distributing the proceeds then shareholders could choose when to sell and manage their tax.

It is all hypothetical though.

 

[Samus]

View attachment 13306
2nd from the left, the Director of Cami.

They forgot to remove the price tag from Antoinettes new cup, which she prolly will use as a new tea cup.
Looks much more elegant than the cup from Hard quiz.

Looks like the director of Cominière didn't get an invite, prolly because he is only temping.

What's the award for? doing a shit job extremely slowly?

 

[Mr Inappropriate]

What's the award for? doing a shit job extremely slowly?

I thought that Antoinette was shown the door amid a hint of corruption - did something change, or are my recollections poor?

 

[Nellie17]

Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over

G'day John, in my opinion Nigel & the board have been and are in a very awkward position with what they have been able to come out and say while we have been in suspension. Nigel has had to play his cards very close to his chest so not to give away the path he is going down to our 'opposition'!
As for Nigel not leading from the front, I 100% disagree with you. In my opinion, if it wasn't for Nigel's efforts AVZ would more of less been cactus! Hopefully when all this has been sorted out, shareholders will see and realise Nigel's efforts!
Cheers,
Nells

 

[John25]

G'day John, in my opinion Nigel & the board have been and are in a very awkward position with what they have been able to come out and say while we have been in suspension. Nigel has had to play his cards very close to his chest so not to give away the path he is going down to our 'opposition'!
As for Nigel not leading from the front, I 100% disagree with you. In my opinion, if it wasn't for Nigel's efforts AVZ would more of less been cactus! Hopefully when all this has been sorted out, shareholders will see and realise Nigel's efforts!
Cheers,
Nells

Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks

 

[DoubleA]

Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks

No, we absolutely should not be trading before the issues around the licence/project are sorted out. To start trading prematurely would just be playing right into the hands of the Chinese.

 

[CashKing]

Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks

He wasn’t at the casino today mate. Just saying

Boats sold now so I can’t check the waters this weekend also, shitty weather anyway so I doubt he’ll be on the yacht.

I can possibly do a drive by to see if he’s busy renovating the house

Might just leave him a for sale sign in the letterbox to help with the sale IMO…

GLTAH

 

[John25]

He wasn’t at the casino today mate. Just saying

Boats sold now so I can’t check the waters this weekend also, shitty weather anyway so I doubt he’ll be on the yacht.

I can possibly do a drive by to see if he’s busy renovating the house

Might just leave him a for sale sign in the letterbox to help with the sale IMO…

GLTAH

Cash …buddy did you check the high rollers room

 

[Nellie17]

Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks

Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks

I can see where you're coming from John, but the word I have it's been heads down and arses up for the past 14 weeks, with Nigel spending the majority of the time in Africa.
Where is he now a poster asked? Well definitely not at the Perth casino!
Cheers,
Nells

 

[CashKing]

Cash …buddy did you check the high rollers room

Nope because apparently saying I have heaps of cash but it’s all in suspension via ASX etc isn’t worthy of getting let in.


GLTAH

 

[CashKing]

Obe wan if your here mate just stop playing with Gareth …. Come home & stay home this is where you belong, stuff those haters over there…

GLTAH

 

[Carlos Danger]

G'day John, in my opinion Nigel & the board have been and are in a very awkward position with what they have been able to come out and say while we have been in suspension. Nigel has had to play his cards very close to his chest so not to give away the path he is going down to our 'opposition'!
As for Nigel not leading from the front, I 100% disagree with you. In my opinion, if it wasn't for Nigel's efforts AVZ would more of less been cactus! Hopefully when all this has been sorted out, shareholders will see and realise Nigel's efforts!
Cheers,
Nells

So Nigel and the board can employ lawyers to hold press conferences in Kinshasa where they outline AVZ's position in detail. As well as tweet about journalists visiting the Manono site, but they can't update ASX shareholders of these events through official announcements or do an interview (through lawyers if necessary) in English?

Pardon my French but that is merde de taureau

RDC/Projet d'étain et lithium: "AVZ n'a pas bradé ni pris en otage le projet d'étain et lithium de Manono", Me Christian Lukusa (Droit de réponse).

Le cabinet d’avocats Momentum Attorneys & Advisors et AVZ international Ltd est sorti de son silence pour répondre aux accusations

www.election-net.com

The hold is up with CAMI not issuing the license according to AVZ's lawyers. They called for the personal involvement of President Tshisekedi three weeks ago at the press conference. It seems nothing will happen until he gets involved. We will be in suspension until he or someone else in the government decides to act. Hopefully they do so in our favour. Meanwhile we are very likely to be removed from the ASX200 and possibly the ASX300 for low liquidity over the last six months unless we trade again soon.

https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-asx-australian-indices.pdf

If this occurs then we could get every announcement we are waiting for with the BFS saying we will make billions a year and when we open the share price will likely go lower in the short term because funds are forced to sell.

I trust Nigel and the board will make the best decision for long term shareholder value. They have an obligation to and always have so far, but considering this suspension is taking far longer than they anticipated and the risk of being removed from the indices, they should be more transparent with shareholders imo

 

[CashKing]

So Nigel and the board can employ lawyers to hold press conferences in Kinshasa where they outline AVZ's position in detail. As well as tweet about journalists visiting the Manono site, but they can't update ASX shareholders of these events through official announcements or do an interview (through lawyers if necessary) in English?

Pardon my French but that is merde de taureau

RDC/Projet d'étain et lithium: "AVZ n'a pas bradé ni pris en otage le projet d'étain et lithium de Manono", Me Christian Lukusa (Droit de réponse).

Le cabinet d’avocats Momentum Attorneys & Advisors et AVZ international Ltd est sorti de son silence pour répondre aux accusations

www.election-net.com

View attachment 13358

The hold is up with CAMI not issuing the license according to AVZ's lawyers. They called for the personal involvement of President Tshisekedi three weeks ago at the press conference. It seems nothing will happen until he gets involved. We will be in suspension until he or someone else in the government decides to act. Hopefully they do so in our favour. Meanwhile we are very likely to be removed from the ASX200 and possibly the ASX300 for low liquidity over the last six months unless we trade again soon.

https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-asx-australian-indices.pdf

View attachment 13359

If this occurs then we could get every announcement we are waiting for with the BFS saying we will make billions a year and when we open the share price will likely go lower in the short term because funds are forced to sell.

I trust Nigel and the board will make the best decision for long term shareholder value. They have an obligation to and always have so far, but considering this suspension is taking far longer than they anticipated and the risk of being removed from the indices, they should be more transparent with shareholders imo

Biggest poker hand wins

 

[Winenut]

Yes you are correct in that - but discussion has been on TO of AVZ and people getting $1, $2, $3 for their shares. Only an AVZ take-over will trigger a wind-up of all shares on ASX and a pay-out of all shareholdings causing some people to fret about paying tax. I wonder why though because if you pay tax you made money??
These two (Dathcom and AVZ TOs) are being mixed up, and only the AVZ TO leads to an ASX/ATO/SH pay-out. TO of Dathcom does not and would be a bad situation for AVZ value because basically our holdings in Dathcom is the entire value of A

It's all a fucking circle jerk

Tax, ownership, takeovers the whole fucking lot

"IF" AVZ has a majority interest in Dathcom then a takeover of AVZ could provide control of the Manono asset

We currently don't know if the fuck AVZ has majority control of Dathcom and therefore by default control over the fucking mining licence

I'm fucking, fucking sick to fucking death of this ownership bullshit!!!!

Sort it the fuck out

If someone wants Dathcom it's possible without FIRB

If someone wants ownership of AVZ then FIRB will be involved

No-one wants ownership of AVZ (and no-one will be trying to take it fucking over) unless it has majority ownership and control of Dathcom....and we still have no fucking clue on that currently

Circle work, fucking circle work, fucking circle work until the FUCKING OWNERSHIP % of DATHCOM is determined and currently that's in the hands of fucking corrupt cnts at Cominiere and the seamingly impotent Govt of the DRC

FFS

Apologies slight rant on a red or two but fuck me

How many times do we have to go over this shit?????

How long do we have to fucking wait to get it sorted????

How long do we have to wait for AVZ, the DRC, FT and the DRC authorities to clear the fucking corrupt fucking mess up!!!???

Don't start me on the arbitration fiasco

Fuck me

Focker out!.......