AVZ Discussion 2022

[Frank]

I am very much afraid Frank, that now after almost 5 months of waiting, after the DRC Minister of Mines signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA, the President of the DRC has clearly demonstrated, that his team is impotent to deliver the ML, as legally required by the DRC Mining Legislation.

The President of the DRC during the last 3 years has spent a lot of time, taking on leadership rolls in Africa and globe trotting around the world, while it appears that his own country has slowly slid down into an absolute mess. Like a ship without a captain.

Shaking hands with big mate Joe Biden, for photo shoots might look good in his office on the wall, but if it is not backed up by meaningful action, it is not worth a cracker.

Not one layer in the DRC society can be trusted, at this moment, to operate above board, that is including the Judiciary.
It is Rafferty rules, the one who hands paper bags and mars bars to a selected few, as now appears especially to people very close to the President, are the ones who are getting things done.


Greasing Felix's men's palms appears to be now more prevalent than during the Kabila era.
One wonders if Felix T, as President of the DRC, really knows what is happening around him, or is he behind the scenes just a part of all this.

I personally would not be surprised that this shit show will continue, until Felix disappears into the sunshine.

Hopefully a next leader will lead and is not being led around by his nose by his own close confidents.

*I wasn't intending to post this Congo media article, but after reading yours i decided it's on topic and relevant to yours, as

Butembo: released by national deputy Bindule Mitono, Vital Kamerhe humiliated by Lucha

Continuing his so-called peace safari in the eastern part of the Democratic Republic of Congo, the former Chief of Staff to the Head of State arrived in Butembo, a potential commercial city in the great North Kivu this Saturday, September 24, 2022.

However, the national president of the Union for the Congolese Nation (UNC) Vital Kamerhe Lwakaningini, was previously released by the national deputy Bindule Mitonno affectionately called "Nguzo la Butembo".

The latter had recently boycotted an invitation from his political leader to Kinshasa, when the tour was announced.

And then, Vital Kamerhe Lwakaningini was humiliated in the process by the activists of the movement for change (Lucha).

In any case, it turns out that it was a real opportunity to materialize the concept of accountable responsibility.

Congolese citizens held up banners that read, "Where are our $15,000,000?"

The people demand reimbursement”. A way to demand accountability from the famous peacemaker.

"We all want to pacify the east of the country by fighting against armed groups".

When Vital Kamerhe Lwakaningini uttered this sentence in his meeting on Saturday September 24, 2022 in front of the sons and daughters of Butembo, he attracted a spectacular wave of criticism, which quickly fell.

It should be recalled that the latter is expected in the cosmopolitan city of Beni this Sunday, September 25, 2022.

After his sentence to twenty years in prison for corruption and embezzlement as part of the 100-day trial, a sentence which had been reduced to thirteen years on appeal, Vital Kamerhe was then cleared by the country's justice system for lack of enormous evidence, she said.

mediacongo

 

[Frank]

Draft 2023 budget: the government is targeting CF 12,833.9 billion from tax revenue and CF 3,168.4 billion from non-tax revenue

Maximizing public treasury revenue is one of the objectives pursued by the government.

It is in this vein that it plans to mobilize, during the 2023 fiscal year, a figure equivalent to nearly 12,833.9 billion Congolese Francs (6.4 billion US dollars) in revenue. taxes ; while non-tax revenues are projected at 3,168.4 billion Congolese francs.

According to sources close to the government, tax revenue is expected to increase by 80.0% compared to its level for the 2022 financial year, which was 7,130.9 billion Congolese francs.

This significant increase in tax revenue is justified by the significant contribution of the mining sector.

In detail, these revenues are made up of taxes on salaries: 1,939.1 billion Congolese Francs (i.e. 15.1% of tax revenues); taxes on profits and profits and on income from movable capital: 8,237.9 billion Congolese francs (i.e. 64.2% of tax revenue); value added tax (VAT): 2,568.9 billion Congolese Francs (i.e. 20.0% of tax revenue); other revenue: 88.0 billion Congolese Francs (i.e. 0.7% of tax revenue).

Our sources reveal that the revenue mobilized by the General Directorate of Taxes (DGI), for the month of August 2022 alone, is estimated at 860.7 billion Congolese Francs, equivalent to nearly 430 million US dollars.

On the other hand, the assignments of DGI revenues were set, during the same period, at 432.4 billion Congolese Francs, or nearly 216 million US dollars, representing an achievement rate of 199% at the end of August. 2022.

CF 3,168.4 billion of non-tax revenue

Still in its quest to bail out the coffers of the public treasury, the government plans to mobilize 3,168.4 billion Congolese Francs from non-tax revenues, equivalent to nearly 1.5 billion US dollars for the 2023 fiscal year.

These revenues should record an increase of 18.9% compared to their level for the 2022 financial year, where they amounted to 2,664.1 billion Congolese Francs.

According to sources close to the government, these revenues are driven by revenues from the mining, environment and land affairs sectors.

They are distributed as follows: administrative revenue: 1,000.8 billion Congolese francs (31.6% of non-tax revenue); judicial revenue: 145.4 billion Congolese francs (4.6% of non-tax revenue); state revenue: 1,932.6 billion Congolese francs (60.9% of non-tax revenue) and equity revenue: 89.6 billion CDF, or 2.8% of non-tax revenue.

*Ahh, Hello - Do you see what i see sitting in your own Backyard atm

 

[Winenut]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

 

[DiscoDanNZ]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

 

[Remark]

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing my shit here.....

 

[Winenut]

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing it...

There is now an image in my mind I just can't get rid of

 

[Winenut]

For the brave souls there is some bargain hunting across the board if you have stocks with fundamentals you believe in....

 

[Frank]

May be AVZ will develop CDL with help of Piermont/ US or the Arabs...sure both of them would be interested...many ways how this could play out..soon we will know..IMO
Meanwhile the DRC cleanup is happening on all fronts...

*While Chinese ministries are encouraging domestic companies to sign long term supply contracts, as

China is low key panicking about high lithium prices​

Amid continuously rising lithium prices, four Chinese Gov ministries had a meeting last week, low-key packing their collective dacks because spot market supply continues to be outweighed by sustained demand from the downstream electric vehicle (EV) sector.

Benchmark Minerals Intelligence (BMI) recorded lithium carbonate EXW China (Technical) prices as high as US$69,450, lithium carbonate EXW China (Battery) at US$71,575 and lithium hydroxide EXW China at US$71,275 last week.

And China is worried, with the ministries encouraging domestic companies to sign long term supply contracts, as well as promote policies which support lithium resource development in a bid to stabilise pricing and limit sales prices from notably deviating from production costs.

“Nonetheless, contacts reported to Benchmark that lithium feedstock purchasing prices from ex-China markets remain high, and domestic feedstock supply remains impacted by COVID-19 testing regulations on vehicles leaving and entering Qinghai Province with shipments of industrial grade lithium carbonate, limiting flexibility on sales prices to end users,” BMI said.

This comes as the Chinese Yuan continues to weaken against the US dollar, softening prices marginally in dollar terms.


*To Remind,

Pilbara Minerals smashes yet another record at its latest spodumene auction​

Things that make you go Hmm on the Road to Manono

 

[Rediah]

Sorry it’s off-topic but $20 is $20.

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

 

[DiscoDanNZ]

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing my shit here.....

 

[Frank]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

Must be time for a Wine or two i reckon Wino, my shout

 

[Deleted member 1612]

Morale appears to have taken a downward turn. I thought it was just my mood, with my ever ‘imminent’ retirement becoming less imminent by the day, Monday’s sure hurt worse. Coming on here makes me realise it’s not just me starting to lose my shit!!

 

[Retrobyte]

I'd really like some good news. All my footy teams lost on Saturday (Swans, Wallabies, Rabbitohs) and I broke a rib yesterday after a low speed innocous bumble on the pushy (not a scratch on the bike or me) and spent 4 hours in ED so they could make sure there was no internal damage. The endone is good though, and while at the hospital I was able to tick "morphine" off my bucket list - a long time coming after 61 years

 

[cruiser51]

If you zoom in closely enough, the security pattern over some entries in the document are out of alignment, and some of the letters are of different quality i.e. not what you'd expect from printed fonts that's then scanned. I think that some of the details on that document have been edited/faked.

Do you think if the Advisor to the Ministry of Relations with the DRC Parliament posts crap like this, true or fake, and doesn't withdraw that post, is a pretty good indication there are major problems in the FT Government?

As mentioned before, I will be pleasantly surprised if FT will put his foot down and make corrective moves to run his country properly.

I am starting to have extreme doubts that the ML will be released before FT goes.
If the DRC would release the ML today, AVZ will not produce spodumene before end of 2023, well after the DRC election.
So there is no real benefit for FT to issue now.

Why is Simon Cong not a person non grata, but is still wheeling and dealing in the DRC?
Does he have a dirt file on every person who accepted bribes from him, which seems to be about 100% of the DRC elite?

The release of a guy convicted for 20 years for stealing about US$ 50 million from the DRC Government and releasing him prematurely because of 'Health Reasons' (Btw he could be of great help for FT to remain in office), doesn't look very promising for the FT Government.

Do you think that is fake news too?

 

[Winenut]

I'd really like some good news. All my footy teams lost on Saturday (Swans, Wallabies, Rabbitohs) and I broke a rib yesterday after a low speed innocous bumble on the pushy (not a scratch on the bike or me) and spent 4 hours in ED so they could make sure there was no internal damage. The endone is good though, and while at the hospital I was able to tick "morphine" off my bucket list - a long time coming after 61 years

Hope you're okay there Retro

I broke two ribs tripping over my own feet playing in a Dads v Sons red rover soccer fun day before leaving for a family overseas holiday

Man lifting those bags into the overhead luggage compartments was an interesting experience....

Lived on codeine for weeks.....man I wish I'd got some of the good stuff like you!

 

[Roon]

Do you think if the Advisor to the Ministry of Relations with the DRC Parliament posts crap like this, true or fake, and doesn't withdraw that post, is a pretty good indication there are major problems in the FT Government?

As mentioned before, I will be pleasantly surprised if FT will put his foot down and make corrective moves to run his country properly.

I am starting to have extreme doubts that the ML will be released before FT goes.
If the DRC would release the ML today, AVZ will not produce spodumene before end of 2023, well after the DRC election.
So there is no real benefit for FT to issue now.

Why is Simon Cong not a person non grata, but is still wheeling and dealing in the DRC?
Does he have a dirt file on every person who accepted bribes from him, which seems to be about 100% of the DRC elite?

The release of a guy convicted for 20 years for stealing about US$ 50 million from the DRC Government and releasing him prematurely because of 'Health Reasons' (Btw he could be of great help for FT to remain in office), doesn't look very promising for the FT Government.

Do you think that is fake news too?

You seem to have changed your tune a bit lately, cruiser, no? I recall you previously pushing the line of FT cleaning house and so don't worry things will be sorted in time.

 

[Winenut]

You seem to have changed your tune a bit lately, cruiser, no? I recall you previously pushing the line of FT cleaning house and so don't worry things will be sorted in time.

That's what 5 months in suspension will do to ya'

 

[wombat74]

Do you think if the Advisor to the Ministry of Relations with the DRC Parliament posts crap like this, true or fake, and doesn't withdraw that post, is a pretty good indication there are major problems in the FT Government?

As mentioned before, I will be pleasantly surprised if FT will put his foot down and make corrective moves to run his country properly.

I am starting to have extreme doubts that the ML will be released before FT goes.
If the DRC would release the ML today, AVZ will not produce spodumene before end of 2023, well after the DRC election.
So there is no real benefit for FT to issue now.

Why is Simon Cong not a person non grata, but is still wheeling and dealing in the DRC?
Does he have a dirt file on every person who accepted bribes from him, which seems to be about 100% of the DRC elite?

The release of a guy convicted for 20 years for stealing about US$ 50 million from the DRC Government and releasing him prematurely because of 'Health Reasons' (Btw he could be of great help for FT to remain in office), doesn't look very promising for the FT Government.

Do you think that is fake news too?

You can't be serious . You are starting to lose the plot mate . How is it not in FT best interest to get this mine up and running ? The election is not for another 14 months and he maybe replaced by f-- knows who . I wouldn't be looking that far a head . We are going to know well before then if it's all systems go or we are screwed . AVZ will have to trade with or without the ML .

 

[cruiser51]

You seem to have changed your tune a bit lately, cruiser, no? I recall you previously pushing the line of FT cleaning house and so don't worry things will be sorted in time.

How long do you think it should take to release the ML, or should I rephrase that into how many paper bags do you think it takes?

I have not seen a lot of cleaning up by FT, have you?
To be honest he barely has had time, was overseas, or interstate globe trotting, making Facebook pixies for his collection.

Maybe it is safer being overseas than at home in a bulletproof jacket.
If your face doesn't fit in Kinshasa and you wish to extent your life, it is probably better to stay very far away.

Do you think the head of the Cadastre is so photogenic that he has to be lately on every photo with the MoM, or is that to show that the MoM is really a puppet on a string, directed by Jean Felix?

 

[cruiser51]

You seem to have changed your tune a bit lately, cruiser, no? I recall you previously pushing the line of FT cleaning house and so don't worry things will be sorted in time.

Let's see if and how long they are going to extend, or maybe even renegotiate the Cath deal (and tell Cath 'With love from Simon').

Maybe something can be deducted out of that move.