AVZ Discussion 2022

[Underwaterdark]

The new ministrial decrees removes 1 the splitting of 13359 and 2. restores the whole of 13359 .
According to the minining act the splitting of the tenement was illegal.
AVZ has done all the other pre requisites to obtain the mining licence .
So does the MOM now have 30 days from the additional new decrees to issue the Mining Licence ?
As this is according to the mining act .

There was commentary here on that recently.
Effectively from what I remember, that BOD had the 30 day issuance incorrectly understood.
I think it was for the PE decree to be issued (30 days then enforcement), not the ML.
The actual ML is still dependant on the surface rights calculations and payments. (which is a separate process)

Its unclear from the announcements if we need to formally re-apply for the ML.
Or if we just need to submit some further evidence (of cooperation or a meeting of shareholders).

Which is why I assume the BOD jumped on a plane to sort it out and get clarity.

 

[Chilla]

AVZ International which is the holding company of AVZ interests in Dathcom JV sells its shareholding. No FIRB involvement because its purely a commercial sale transaction by a subsidiary.

The downside of doing this is the tax implications to be paid in both DRC and Australia and how much of the proceeds are left for AVZ after tax and then how much they would distribute to shareholders via a special dividend?

 

[MoneyBags1348]

What the fuck is this @Zeebot.... I asked you months ago to suspend me because I told you I was addicted to this fleabag wanna be journalistic rag. You cunt this is your last chance to suspend me now I've got this evidence on you

 

[Bonsoir]

Firstly until I've heard otherwise I'm expecting the ML . We don't know what the MoM intentions are yet . You'd have to think AVZ BoD know by now . If it was fatal would we have heard something already ? I'm still expecting a TO if we get the ML . China might be forced to make a decent offer .

Her intentions can’t be what she would like it to be, it must be within the constraints of the mining code or all hell will break loose for the DRC mining sector and future investment.
Playing on the big stage now with rules to follow and consequences if you don’t.

 

[Sammy_da_Smile]

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What the fuck is this @Zeebot.... I asked you months ago to suspend me because I told you I was addicted to this fleabag wanna be journalistic rag. You cunt this is your last chance to suspend me now I've got this evidence on you

TOP 20 Poster on this forum MB?

Please seek help mate.

 

[M.Bison]

BHP have recently stated they are looking to invest in the DRC. I read it a few days ago, but have forgotten the link as I am more focused on exposing Zigin now. @Frank has previously posted information related to Zigin's illegal activities and I'm sure he will read this and let me know the links again.... Sorry for loosing them Frank!

It's hilarious to see poor tommy backpedaling and scrambling to defend himself after also being exposed for his misleading and deceptive articles and now facing legal prosecutions from AVZ, Marius Mahigi and other stakeholders.

If it wasn't blatant deception it would be a joke the lengths he has gone to manipulate investors against AVZ including his recent AFR article showing a group of protestors in North Kivu protesting a completely unrelated matter....

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@BEISHA it takes a long time to get rid of corrupt ministers in government. Here in NSW it has taken years to successfully prosecute and jail corrupt State Ministers, and if you look Federally, even fucken Scotty from Marketing still holds his ministerial seat and his own party wouldn't even censure him after he took several of his minister's portfolio's (without anyone except the governor general knowing) and cancelled projects under those portfolio's. Possibly our most corrupt Prime Minister ever and still in office as a minister.... Should be the Minister of Lies and Deception.

Imagine how many companies would be scrambling for Manono and what price they would pay if the country can rid itself of corruption including corruption from companies like Zigin Mining

I don't think we will ever see BHP around us. I think FMG is vastly more likely, but only if we get a mining license and everything is clean. They are still pitching for their hydrogen project in the DRC so at least they have the stomach for it.

 

[cruiser51]

Made in China

Would you get this mob to mine your lithium?

 

[TheCount]

The new ministrial decrees removes 1 the splitting of 13359 and 2. restores the whole of 13359 .
According to the minining act the splitting of the tenement was illegal.
AVZ has done all the other pre requisites to obtain the mining licence .
So does the MOM now have 30 days from the additional new decrees to issue the Mining Licence ?
As this is according to the mining act .

I think we’ve all seen enough to understand there are NO RULES they can adhere to, not give a fuck about. The fucking Wild West ain’t got nothing on these crooks.

And still the guy supposedly running the Country turns his back on the issue and orders another in-flight meal…. Fucking useless kunt.

TC.

 

[TDITD]

Gday wombat74 ,
Can you please name who you think would want to buy us out , & what price do you think they would offer ?
In my opinion I think it would only be a chinese company that would ever make an offer , & that they wouldn't offer any more than $1 . A chinese company is never going to offer double what we are valued now . I don't want AVZ to be taken over ... unless we are well into production & properly valued .
I don't think Jin cheng really want to go to the ICC (especially after the letter that surfaced yesterday) ,& that they are trying their hardest to get us to fold before that date , but they themselves won't concede up until the very last minute . I'm hoping the BoD hold firm , because if this ever goes to the ICC re true ownership etc , I don't think Jin cheng would stand a chance . Jin cheng shouldn't own 1% of this project as they have done nothing apart from lie , cheat & pay bribes to try to steal it from us .

I was looking at a chinese crested dog, it was staring back at me. Suddenly it put its paw forward and dragged it along the ground in a motion. I was a bit perplexed at seeing this so started walking closer. The Chinese crested dog had just finished as I stopped by its paws. It had written...
$10

No more silly talk about how little they will offer please, pretty please, for the love of all things priced $10. As we KNOW the BOD will not sell this for double what it is now, they have communicated this on many occasions. Its baffling why we continue to talk the price down when in-fact we own the asset, we can sell for what we want, not what we are given. $10

Agree on the rest though, ICC isn't what Zijin want, they will get floored, embarrassed, rag-dolled, the closer we get the more desperate they are.

 

[Winenut]

Do we know if Felix is aware of what is going on or is he too busy with other issues in the DRC that the AVZ saga is low priority or not his problem, he has Ministers to handle our problem or let the ICC handle it completely?
Who judges the wrong doing and rights the wrongs? It appears there is a lot of evidence in AVZ favor but how do we get back on track?
Are we relying on people that have stabbed us in the back already?

You'd think Felix would be aware of the world's largest known hard rock lithium deposit in his own backyard that has world interest, Chinese all over it, various parties clamouring for control, international court cases and arbitrations in place, investigations and reports by the department he specifically pumped up in the IGF to weed out corruption as he happens to be spruiking the world stage for investment in mining in the DRC

Yeah he's fucking aware of Manono and AVZ and what's going on

Problem is.... he's done FUCK ALL about it.....

 

[Carlos Danger]

Her intentions can’t be what she would like it to be, it must be within the constraints of the mining code or all hell will break loose for the DRC mining sector and future investment.
Playing on the big stage now with rules to follow and consequences if you don’t.

The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

 

[CHB]

The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

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IMO

There is no point looking at compliance with mining codes or law if the past 12 months is to go by.

DRC will do what DRC wants.

 

[Carlos Danger]

The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

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Another thing. We are basing the idea that the partition was illegal on Nigel's comments at the AGM that splitting the tenement because of drill lines isn't in the mining code. Which is true.

However, partitioning a tenement is legal as long as the applicant signs a waiver. Which Dathcom did although allegedly under false pretenses. We really need to see declaration no 8196 and any other accompanying paperwork to find out exactly what was legally agreed to.

Because unless there is an iron clad guarantee that Dathcom retain ownership of the north then the DRC government can still enforce the waiver signed by Dathcom. They may not do that but ultimately they could as it stands if the waiver isn't specific imo

 

[Carlos Danger]

IMO

There is no point looking at compliance with mining codes or law if the past 12 months is to go by.

DRC will do what DRC wants.

It would seem that AVZ management disagree with your assessment based on the official announcement regarding this matter

 

[CHB]

It would seem that AVZ management disagree with your assessment based on the official announcement regarding this matter
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They can disagree all they like.

They've shown that they're not willing to take the fight with DRC. Will they if(big if) we lose the resource? Possibly?

But DRC would just fight/pay out from their coffers and the world keeps moving.

 

[Carlos Danger]

They can disagree all they like.

They've shown that they're not willing to take the fight with DRC. Will they if(big if) we lose the resource? Possibly?

But DRC would just fight/pay out from their coffers and the world keeps moving.

Hard to disagree with that sentiment

But I think the ICC is the last resort for everyone involved and we are more likely to see some sort of deal made before it comes to that

 

[CHB]

Hard to disagree with that sentiment

But I think the ICC is the last resort for everyone involved and we are more likely to see some sort of deal made before it comes to that

Definitely. Let's hope it's an amount that will at least leave late comers with a profit

 

[Carlos Danger]

Definitely. Let's hope it's an amount that will at least leave late comers with a profit

I was thinking more a deal where AVZ are mining but if that's not possible then yes an out of court settlement is preferable to an actual hearing at the ICC

 

[Winenut]

 

[Onthefm]

Qq

Probably best we don't give Tommy too much oxygen then....
Q⁶
God forbid he should provide misinformation.....

You'd think Felix would be aware of the world's largest known hard rock lithium deposit in his own backyard that has world interest, Chinese all over it, various parties clamouring for control, international court cases and arbitrations in place, investigations and reports by the department he specifically pumped up in the IGF to weed out corruption as he happens to be spruiking the world stage for investment in mining in the DRC

Yeah he's fucking aware of Manono and AVZ and what's going on

Problem is.... he's done FUCK ALL about it.....

That's the only thing in all these negative articles that is constant that Manono is the biggest hard rock lithium resource in the world. Not bad advertising if you are wanting to sell.