AVZ Discussion 2022

[wombat74]

We know what end of the economy we are playing in - junior explorer come wannabe miner come wannabe producer.. I'm under no illusion that it can all go away tomorrow, but after really researching this beast for years now, I honestly believe AVZ is "the one in a thousand" that was going to deliver financial prosperity. I still do, but as each day passes, it is more likely that it will be for someone else's pockets. Well, it's already a 10-bagger for me - I just can't manage a staged trade or partial exit to lock in a single cent.

I bought AVZ with money I live without so my agro is nothing to do with 'me' as such.

My beef with the BOD is they keep kicking own goals. No steps forward, 2 steps back...

View attachment 22109

In my opinion NF acted like a drunk amateur for providing a date at the Perth RS. Was he trying to inflate his own ego and show off to the Perth boys club??? FFS, we were an ASX200 company and that sort of behaviour stops "NOW".

I expect the BOD to act according to our market cap and potential, and leave that shit behind. Start acting for ALL Shareholders, being a core requirement of any Director. What is worse - I believe the current actions of the BOD tell me they aren't "fighting hard enough" for our goals.

Tim will tell.

TC.

The RS was meant to be a love fest .Followed be a wank off at the AGM . Unfortunately for Nigel and crew the day after the Perth love fest our enemies have come out with a full scale sustained assault .They took their attack on AVZ to another level . So the planned love fest got completely blown out of the water . The tide has gone out and management have been caught with their pants down, and all the fairy dust they were hoping to spread over SH has turned to ash . So now they get to the grand finale , the AGM , and SH don't believe a word they have been saying . IMO

 

[Frank]

COP-27- Julien Paluku: “we are the solution in the energy transition”

The Democratic Republic of Congo has made its voice heard in various panels at COP 27, which is continuing in Egypt.

In Sharm-El-Sheikh, the Deputy Prime Minister of the Environment, Eve Bazaiba and the Minister of Industry, Julien Paluku recalled that the Democratic Republic of Congo is the “solution country” in the face of the challenges linked to the climate.

During the work, the Minister of Industry, Julien Paluku demonstrated that his country was the best destination in the world for the manufacture of electric batteries thanks to its strategic minerals including cobalt, lithium and manganese.

Participating in several panels on Friday, including one on the decarbonization of African industry, the former governor of North Kivu explained the role that Congo-Kinshasa plays in the energy transition.

The whole world talks about our country in terms of forest and mineral reserves, but we never knew that we are also the solution in the energy transition.

Now that there is this world climate conference, we have demonstrated the vision of the Head of State, we have presented our assets and we insisted on the fact that we can never enter into full energy or ecological transition without the DRC.

This through its forests, its minerals.

You know that in the Congo basin, our country has 1/5 of all the reserves in the world. It is quite normal for this to be said, to be known.

Beyond the forests, we have lithium, cobalt, manganese, nickel and other minerals that go into precursors for making electric batteries.

This is the communication that we are doing so that we can now reassure that the DRC is the valid interlocutor in climate change.

And the green funds circulating in the world cannot go anywhere else except in the DRC.

We are going to set up a scientific unit which will quantify the CO2 that we will avoid by producing the precursors for the manufacture of electric batteries.

The Minister of Industry also attended the stand of the DRC during the signing ceremony of the partnership agreement between the DRC and the United States of America on strengthening the leadership of the Democratic Republic of Congo on climate and ecosystem conservation.

At this meeting, the United States was represented by the Secretary of State for Economic Growth, Energy and the Environment, José Fernández, and the DRC by the Deputy Prime Minister, Minister of the Environment and sustainable development, Eve Bazaiba.

“We are at COP 27 to make this process a reality”

This is the establishment of a working group between the United States and the DRC.

Our American partners have made a commitment to support the DRC in achieving its ideal as a “solution country” in the face of the climate crisis.

As you know, we have already said that the DRC provides the nature-based response to climate challenges.

This interested the United States.

We are therefore going to set up a working group to link the useful to the pleasant, that is to say link the protection of the environment to sustainable development, the transformation of our natural resources.

Whether it is the exploitation of oil, our gas blocks or other strategic minerals or the rational management of water resources or adaptation through the agro-forestry project, agriculture taking into account international standards.

"We have renewed our commitment to protect the environment and new technologies in development so that we lead our people to sustainable development," said Eve Bazaiba.

The two warriors from the Sama Lukonde government also participated in the panel on the Blue Fund on the Congo Basin.

mediacongo

 

[Samus]

Classic Princess Toad outfit!

 

[BEISHA]

Man, as I said in my post soon after the RS, I compared NF with politicians, and we all know what politicians do to calm the angry voters.

So most of the RS was simply talk, his own intuitions based on his experience working in Africa when he addressed about the mess we are facing.

When we post anything here or on other social media platforms, the first thing people ask us is if we have a reliable source to back our claims. But when NF spoke, he was cocky, he wanted us to believe him and his words, a person who has been way off of his timelines for years, he should have at least come prepared to give us proof when he spoke and addressed all the issues. Simply lip service was not going to cut but what NF did, exactly what was expected of him and he didnt disappoint, talk and more talk. So thats the general gist of the whole presentation and I am sure it will be the same for AGM, unless he frames the ML letter of confirmation at the entrance of the AGM venue.

So, about the pineapples, if we go by NF's words, then we are safe and we are very close to getting ML, but most of the LTH have heard that many times. Now, until its officially announced, I think we shouldn't pay much attention to any other news and build up expectation because let down is a bitch.

I know for fact things move very slowly in Africa and they can change in the last minute, deals getting struck, all parties walking out happily with compromises. That lithium will come out of ground whether or not AVZ will have its logo on it or DRC's pineapple, that we have to wait and see.

Sorry man, not sure this helped you, but to be honest, there is nothing in that briefcase that anyone of us who attended the RS can tell people that can be believed, as we missed the 15th Nov deadline. But that one thing we can take from this mess which is certain, and it is, Jag has promised to organise a party with real-life fine specimen from his picture collection and THAT my friend we can take it to the bank.

All I can say is to be patient as there is nothing else we can do, our health and wellbeing is more important, by worrying at this stage we cant turn back the hands of time and please reach out, organise a local meetup with the fellow holders just to vent it out.

The reasons why i havnt been to a AGM / ROADSHOW in such a long while, ( i have mentioned this before but hey ) is that its all a lip service activity, been lied to by many coys in the past when seeking the truth metre, so i dont bother anymore.

On the 17/11, i make a exception, hard questions will be asked, i hope to receive some level of transparency, to what degree, well thats up to Nigel and the BOD.

A lot of posters at TSE dismayed, disappointed, angry with the 6 month vaccum chamber , rightly so, so i will do my best to provide as much clarity as i can within this highly litigious background , to ease the pressure valve, calm the farm.

Rediah, what you mentioned in previous posts about venting your spleen here no matter what , is good advice, we are all stuck in the same shit, we all resonate with the various emotions, mental health is the NUMBER 1 scourge in Australian society ( domestic violence also up there ), so its vitally important that you EXPRESS here, rather than REGRESS. !!!


Anyway, not long to go now.

 

[DiscoDanNZ]

COP-27- Julien Paluku: “we are the solution in the energy transition”


View attachment 22120

The Democratic Republic of Congo has made its voice heard in various panels at COP 27, which is continuing in Egypt.

In Sharm-El-Sheikh, the Deputy Prime Minister of the Environment, Eve Bazaiba and the Minister of Industry, Julien Paluku recalled that the Democratic Republic of Congo is the “solution country” in the face of the challenges linked to the climate.

During the work, the Minister of Industry, Julien Paluku demonstrated that his country was the best destination in the world for the manufacture of electric batteries thanks to its strategic minerals including cobalt, lithium and manganese.

Participating in several panels on Friday, including one on the decarbonization of African industry, the former governor of North Kivu explained the role that Congo-Kinshasa plays in the energy transition.

The whole world talks about our country in terms of forest and mineral reserves, but we never knew that we are also the solution in the energy transition.

Now that there is this world climate conference, we have demonstrated the vision of the Head of State, we have presented our assets and we insisted on the fact that we can never enter into full energy or ecological transition without the DRC.

This through its forests, its minerals.

You know that in the Congo basin, our country has 1/5 of all the reserves in the world. It is quite normal for this to be said, to be known.

Beyond the forests, we have lithium, cobalt, manganese, nickel and other minerals that go into precursors for making electric batteries.

This is the communication that we are doing so that we can now reassure that the DRC is the valid interlocutor in climate change.

And the green funds circulating in the world cannot go anywhere else except in the DRC.

We are going to set up a scientific unit which will quantify the CO2 that we will avoid by producing the precursors for the manufacture of electric batteries.

The Minister of Industry also attended the stand of the DRC during the signing ceremony of the partnership agreement between the DRC and the United States of America on strengthening the leadership of the Democratic Republic of Congo on climate and ecosystem conservation.

At this meeting, the United States was represented by the Secretary of State for Economic Growth, Energy and the Environment, José Fernández, and the DRC by the Deputy Prime Minister, Minister of the Environment and sustainable development, Eve Bazaiba.

“We are at COP 27 to make this process a reality”

This is the establishment of a working group between the United States and the DRC.

Our American partners have made a commitment to support the DRC in achieving its ideal as a “solution country” in the face of the climate crisis.

As you know, we have already said that the DRC provides the nature-based response to climate challenges.

This interested the United States.

We are therefore going to set up a working group to link the useful to the pleasant, that is to say link the protection of the environment to sustainable development, the transformation of our natural resources.

Whether it is the exploitation of oil, our gas blocks or other strategic minerals or the rational management of water resources or adaptation through the agro-forestry project, agriculture taking into account international standards.

"We have renewed our commitment to protect the environment and new technologies in development so that we lead our people to sustainable development," said Eve Bazaiba.

The two warriors from the Sama Lukonde government also participated in the panel on the Blue Fund on the Congo Basin.

mediacongo


View attachment 22122


View attachment 22124


View attachment 22121

He's half right here "The whole world talks about our country in terms of forest and mineral reserves". The world is currently talking about the mineral reserves, but also how it's impossible to turn a spade unless you are a corrupt, brown paper bagging, snack providing, corrupt piece of shit.

View attachment 22127

 

[whales]

I don't think anyone has published this DRC Lithium article today

Actualité | Energie propre: la bataille du lithium débute en RDC | mediacongo.net

Du Canada au Chili, en passant par la France, l’Allemagne, la Russie et même la Namibie, la course aux «terres rares» est engagée dans une...

www.mediacongo.net

I believe things are still progressing in the background which cannot be discussed or announced

Hopefully according to order of DRC mining regulations as far as procedures

The order of process was discussed in roadshows but to date I have not seen any posters correctly state the sequence, so I will leave it at that

The final event is mining licence hand-over, but required events after payment of ground licence fees are likely still being fulfilled.

2nd half of presentation for those who attended

It's the very last stage of ceding 10% of Cominere to government that might cause delays as it requires an EGM and minutes to agree to transfer, with executed share transfers. (not too sure who is left representing Cominere, and their alliances)

"It's the very last stage of ceding 10% of Cominere to government that might cause delays as it requires an EGM and minutes to agree to transfer, with executed share transfers. (not too sure who is left representing Cominere, and their alliances)"

Are you saying that the ML can only be given to Dathcom /AVZ after the very last stage of ceding 10% of Cominere to the government, assuming surface rights have been paid?

 

[Dom1974]

That was my understanding based on my chat with the Coy Sec. ML invoice is issued, rights are paid, EGM held, shares transferred and 10% ceded to Government. Nigel also outlined this process in brief during the Sydney roadshow. So even if the invoice was issued by CAMI today, I reckon it's still another 2-3 weeks away before ML physically in hand. Nigel won't come out of suspension until that has occurred as that is 100% guaranteed. Just hoping this latest one month suspension is framed around that, and it's the last one.

 

[Bin59]

Here’s a song to enjoy & lift our spirits while we’re waiting for our “Sunny Day” ☀

 

[wombat74]

That was my understanding based on my chat with the Coy Sec. ML invoice is issued, rights are paid, EGM held, shares transferred and 10% ceded to Government. Nigel also outlined this process in brief during the Sydney roadshow. So even if the invoice was issued by CAMI today, I reckon it's still another 2-3 weeks away before ML physically in hand. Nigel won't come out of suspension until that has occurred as that is 100% guaranteed. Just hoping this latest one month suspension is framed around that, and it's the last one.

Then why would he say he expected the ML on the 15th ?

 

[Spikerama]

Then why would he say he expected the ML on the 15th ?

To lock in positive resolution votes before AGM. Duh....

 

[Flight996]

He's half right here "The whole world talks about our country in terms of forest and mineral reserves". The world is currently talking about the mineral reserves, but also how it's impossible to turn a spade unless you are a corrupt, brown paper bagging, snack providing, corrupt piece of shit.

Yes, and western countries that invest in overseas projects through their sovereign funds do not invest in the DRC because their use of taxpayers' money requires a higher level of due diligence and probity than that employed by companies that can afford to take on risk (after all it's taxpayers' money versus investors' money).

Western governments and their sovereign wealth funds are risk averse, and cannot be seen supporting irresponsible forestry and mining practices, or corrupt regimes that care little for the rule of law. Government agencies are well aware of the DRC's reputation (and AVZ's struggle with endless government corruption), and will have briefed their responsible ministers accordingly.

As a result, I cannot see many sovereign wealth funds taking the plunge into the DRC's corrupt cesspool, despite the continuous stream of verbal diarrhea about the DRC becoming the new Babylon of excellence in electric vehicle and battery manufacturing.

Cheers
F

 

[wombat74]

To lock in positive resolution votes before AGM. Duh....

Oh well , Klaus , the Green Grub and Zijin had other ideas .

 

[whales]

That was my understanding based on my chat with the Coy Sec. ML invoice is issued, rights are paid, EGM held, shares transferred and 10% ceded to Government. Nigel also outlined this process in brief during the Sydney roadshow. So even if the invoice was issued by CAMI today, I reckon it's still another 2-3 weeks away before ML physically in hand. Nigel won't come out of suspension until that has occurred as that is 100% guaranteed. Just hoping this latest one month suspension is framed around that, and it's the last one.

thank you .
Explains the delay, and hopefully FT uses his authority through Minister of Mines to eliminate Cominere influence.

 

[Mr Inappropriate]

We know what end of the economy we are playing in - junior explorer come wannabe miner come wannabe producer.. I'm under no illusion that it can all go away tomorrow, but after really researching this beast for years now, I honestly believe AVZ is "the one in a thousand" that was going to deliver financial prosperity. I still do, but as each day passes, it is more likely that it will be for someone else's pockets. Well, it's already a 10-bagger for me - I just can't manage a staged trade or partial exit to lock in a single cent.

I bought AVZ with money I live without so my agro is nothing to do with 'me' as such.

My beef with the BOD is they keep kicking own goals. No steps forward, 2 steps back...

View attachment 22109

In my opinion NF acted like a drunk amateur for providing a date at the Perth RS. Was he trying to inflate his own ego and show off to the Perth boys club??? FFS, we were an ASX200 company and that sort of behaviour stops "NOW".

I expect the BOD to act according to our market cap and potential, and leave that shit behind. Start acting for ALL Shareholders, being a core requirement of any Director. What is worse - I believe the current actions of the BOD tell me they aren't "fighting hard enough" for our goals.

Tim will tell.

TC.

Based on the info at hand I don’t believe we’ve been lied to (noting that there have been omissions of material information). Nigel’s confidence is good, but when that turns into hubris that is not backed by performance, then it becomes problematic and exasperating.

Any committment revolving around a date made by anyone involved in the ML process needs to be taken with a sack of salt. IMO the BOD would be better off describing a) the current status, b) next steps, and c) any risks/impediments, and leave it at that. It’s honest, and would remove <some> of the frustration of missed deadlines.

We can all see the corruption playing out in real time. There’s no reason for AVZ to make things worse by making commitments to dates when you don‘t have complete control over the end-to-end process. It’s expectation management 101.

 

[wombat74]

This from the crapper :
"The Minister for Mines has issued a Ministerial Decree which in itself is evidence that AVZ has done enough to be awarded the mining license."

 

[Mr Inappropriate]

This from the crapper :
"The Minister for Mines has issued a Ministerial Decree which in itself is evidence that AVZ has done enough to be awarded the mining license."

In May…

 

[Xerof]

That was my understanding based on my chat with the Coy Sec. ML invoice is issued, rights are paid, EGM held, shares transferred and 10% ceded to Government. Nigel also outlined this process in brief during the Sydney roadshow. So even if the invoice was issued by CAMI today, I reckon it's still another 2-3 weeks away before ML physically in hand. Nigel won't come out of suspension until that has occurred as that is 100% guaranteed. Just hoping this latest one month suspension is framed around that, and it's the last one.

Again, not privy to the details given at RS's, but if I assume 15% of COMINIERE's 25% is currently still registered in Z sub name, and 5% in Princess bitchfaces MMGS paper (bag) company, then COMINIERE don't have 10% to cede. correct me if I'm a lap behind

Secondly, if I am led to believe the CEO of COMINIERE is not in our court, then who will happily arrange an EGM to approve the transfer of the 10% they allegedly don't have. Perhaps he is no longer CEO, and someone forgot to tell me? Who are the directors of COMINIERE? hopefully MofM at least is one of them. I nominate Felix, Franke and KK

apologies for circle jerking

 

[whales]

This from the crapper :
"The Minister for Mines has issued a Ministerial Decree which in itself is evidence that AVZ has done enough to be awarded the mining license."

from pro active article.
CAMI under the supervision of the Minister of Mines which is favourable for AVZ.
It follows that upon payment of surface rights Mining Licence follows ? not based on the completion of 10% ceded by Cominiere.
Unable to attend AGM
A good question to ask . Is the Mining Licence awarded once surface rights paid ? or is it dependent on the completion of the 10% ceded by Cominiere.



AVZ Minerals Ltd (ASX:AVZ) welcomes the DRC Minister of Mines issuing a Ministerial Decree to award the Permit d’Exploitation (Mining Licence) for the flagship Manono Lithium and Tin Project.
The Minister issued the decree to award the PE to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International Pty Ltd (AVZI).

Licence to be officially awarded by government arm​

The DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment.
The licence will cover the entirety of the Roche Dure JORC mineral resource (401 million tonnes at 1.65% lithium oxide) and the Carriere de l’Este exploration target.
An area excluded under the decree will be renewed under a five-year exploration licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government.

Contribution to green energy transition​

AVZ managing director Nigel Ferguson said: “The receipt of the Ministerial Decree to award the Mining Licence is leading to a watershed moment for AVZ and our partners, with the official award of the Mining Licence from CAMI expected in a matter of days.
“This paves the way for AVZ to start developing what is arguably one of the most important new mining projects in the world that will significantly contribute to the global green energy transition, while also uplifting the lives of the Congolese people who will contribute and receive sustained benefits from the project for many decades to come.
“The company is advancing its early works program ahead of a final investment decision to commence major works and first SC6 production toward the later months of 2023.
“We have maintained a strategic approach to developing our world-class Manono Project and we will continue to tick every box that will deliver long-term value to what we believe is the largest global hard-rock lithium resource, based on current proved and probable ore reserves.”

AVZ’s majority interest in Manono​

Following the official award of the Mining Licence, and under the terms of the joint venture agreement, La Congolaise D’Exploitation Miniere SA (Cominiere), which owns 25% of Dathcom, will cede 10% of its interest to the DRC Government.
AVZI is in advanced discussions with the DRC Government regarding the purchase of Cominiere’s remaining 15% interest in Dathcom, exercising AVZI’s rights under terms of the existing Dathcom shareholder agreement.
The transaction with Suzhou CATH Energy Technologies is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, while AVZ retains a majority stake of 51%.
Post completion of the transaction, AVZ will hold an indirect interest in 51% of the Manono Project – excluding the 15% interest to be acquired from Cominiere – which is subject to ongoing discussions with the DRC Government).
View Price & Profile

 

[Onthefm]

We know what end of the economy we are playing in - junior explorer come wannabe miner come wannabe producer.. I'm under no illusion that it can all go away tomorrow, but after really researching this beast for years now, I honestly believe AVZ is "the one in a thousand" that was going to deliver financial prosperity. I still do, but as each day passes, it is more likely that it will be for someone else's pockets. Well, it's already a 10-bagger for me - I just can't manage a staged trade or partial exit to lock in a single cent.

I bought AVZ with money I live without so my agro is nothing to do with 'me' as such.

My beef with the BOD is they keep kicking own goals. No steps forward, 2 steps back...

View attachment 22109

In my opinion NF acted like a drunk amateur for providing a date at the Perth RS. Was he trying to inflate his own ego and show off to the Perth boys club??? FFS, we were an ASX200 company and that sort of behaviour stops "NOW".

I expect the BOD to act according to our market cap and potential, and leave that shit behind. Start acting for ALL Shareholders, being a core requirement of any Director. What is worse - I believe the current actions of the BOD tell me they aren't "fighting hard enough" for our goals.

Tim will tell.

TC.

Mate those pricks from West perth just can't help themselves always fig jam always will be.

 

[wombat74]

Again, not privy to the details given at RS's, but if I assume 15% of COMINIERE's 25% is currently still registered in Z sub name, and 5% in Princess bitchfaces MMGS paper (bag) company, then COMINIERE don't have 10% to cede. correct me if I'm a lap behind

Secondly, if I am led to believe the CEO of COMINIERE is not in our court, then who will happily arrange an EGM to approve the transfer of the 10% they allegedly don't have. Perhaps he is no longer CEO, and someone forgot to tell me? Who are the directors of COMINIERE? hopefully MofM at least is one of them. I nominate Felix, Franke and KK

apologies for circle jerking

The green grub wants to take the 10% off us.
AVZ 50%