AVZ Discussion 2022

[Onthefm]

Yes agree, it’s time to get this shit sorted out , if it requires giving a bit ( not a shit load) in negotiations , so be it

Definitely

 

[ptlas]

I have a feeling our lawyers are incompetent.

Or they weren't consulted.
Or they're worse than incompetent.

 

[Onthefm]

Anyway it's a big fucking mess is what it is imo. Since it's all unprecedented I doubt we can expect a resolution to the Exploitation permit within 30 days. That goes out the window.
It seems to be down to negotiations, be great to know if management have even tracked down anybody to negotiate with or had a chat with the MoM or Felix.
That they've still not been able to provide shareholders an update isn't very reassuring.

Well they could have released something to sh,s saying that they are actually in country and have deen for some time but have no one to negotiate with and name them. At least its on record.

 

[ptlas]

Or they weren't consulted.
Or they're worse than incompetent.

When this shit settles, is it possible for SH to access the legal advice?

 

[Samus]

Or they weren't consulted.

Seems to be when you're blocked you're blocked in the DRC. People don't pass on information unless it suits their own agenda. According to Nigel this is half our problem, even presidential advisors don't pass on info and instead feed the President a bunch of bullshit. Multiply that by a dozen corrupt ministers and public servants, you've got a real shitshow.

 

[Flexi]

I have been struggling financially now for 10 months whilst in suspension. The thought of giving up part of Monono to the THIEVING SCUM BAGS will be unbearable. I am prepared to struggle for another 12 months than to reward these THIEVING SCUM BAGS.
I am only speaking for myself and my mates who have also invested.

 

[obe wan]

Hey obe whereabouts is partial waiver mentioned?

 

[Roon]

I have been struggling financially now for 10 months whilst in suspension. The thought of giving up part of Monono to the THIEVING SCUM BAGS will be unbearable. I am prepared to struggle for another 12 months than to reward these THIEVING SCUM BAGS.
I am only speaking for myself and my mates who have also invested.

IMO I'd stretches on much longer we'll fail. I can't see the government allow this to continue in deadlock for another 12 months when they've made an EV battery industry a linchpin of their government progression policy. To me it feels like we have a short-ish windows to follow the MoM 'suggestion' of finding amity between shareholders to prevent paralysis of the project as she put it before other measures are put in. Wouldn't be beyond the government to secure what it clearly sees as a strategic industry by enforcing momentum. However that looks.

 

[Onthefm]

I have been struggling financially now for 10 months whilst in suspension. The thought of giving up part of Monono to the THIEVING SCUM BAGS will be unbearable. I am prepared to struggle for another 12 months than to reward these THIEVING SCUM BAGS.
I am only speaking for myself and my mates who have also invested.

I just want out now for a reasonable price. And let the scum writhe around in the gutter with each other. But I'll be out. Selfish? Most probably.

 

[LX600]

IMO I'd stretches on much longer we'll fail. I can't see the government allow this to continue in deadlock for another 12 months when they've made an EV battery industry a linchpin of their government progression policy. To me it feels like we have a short-ish windows to follow the MoM 'suggestion' of finding amity between shareholders to prevent paralysis of the project as she put it before other measures are put in. Wouldn't be beyond the government to secure what it clearly sees as a strategic industry by enforcing momentum. However that looks.

Then the gov should solve the problem by the right way

 

[Roon]

Then the gov should solve the problem by the right way

Oh I agree. We need top level government to step in and resolve this. But what does that look like for us? It's a gamble. But it's what we need. The alternatives may be so unpalatable for our management that they go unaccepted and we get to force majeur point when it stays deadlocked. We need FT and his government to follow through on all the anti corruption palaver. But that might be naive

 

[mouseflying]

some actions been taken by gov, let’s wait for the results?

 

[Samus]

View attachment 30106

See I'm reading that to mean Cominiere were against the partial waiver of the tenement meaning the 82 blocks that were to become the Northern tenement (in other words against splitting the tenement) . And that this constitutes part of the decision to revoke that decree.

In context of below that isn't making a lot of sense. However it stands to reason since the decree is revoked that we're back to the post application status.

the application hasn’t been withdrawn ; it’s a partial waiver whereby yes the decrees have been scratched out ; if it was a waiver as opposed to partial waiver then we’d have a problem, as our exploration rights would be gone ; so we’re still in the game with an application whereby environmental , social impact assessment and technical approvals have all been approved which is what is required for approval and from there you wait for the decree to be issued .

This is where we need more clarity from management as to where we actually stand.

 

[LX600]

Oh I agree. We need top level government to step in and resolve this. But what does that look like for us? It's a gamble. But it's what we need. The alternatives may be so unpalatable for our management that they go unaccepted and we get to force majeur point when it stays deadlocked. We need FT and his government to follow through on all the anti corruption palaver. But that might be naive

Sooner or later, DRC will need to do the right thing. They have to. The odd is on AVZ side

 

[Mr Inappropriate]

the application hasn’t been withdrawn ; it’s a partial waiver whereby yes the decrees have been scratched out ; if it was a waiver as opposed to partial waiver then we’d have a problem, as our exploration rights would be gone ; so we’re still in the game with an application whereby environmental , social impact assessment and technical approvals have all been approved which is what is required for approval and from there you wait for the decree to be issued .

Appears MoM is providing some time for Dathcom shareholders legal or not to work things out ; so yes there may well be a timeline they wish to impose on that considering the wording ‘urgent’ and ‘paralysis of project’ , but your guess is as good as mine

So, assuming that we still hold a valid exploration permit for the entirety of 13359, then Dathcom is the only company (at present) that can receive an exploitation permit, per the Mining Regs below (note: this is regulation, not legislation).

Title V: Exploitation Permit

Chapter I: Granting of the Exploitation Permit

Section I: General Provisions

Article 142: Limitations on the Scope of the Exploitation Permit

The scope requested for the Exploitation Permit must be part of the scope of the valid Exploration Permit and cannot exceed four hundred seventy-one (471) squares.

Article 143: Conditions for Granting the Exploitation Permit

In addition to the conditions for granting the Exploitation Permit listed in Article 71 of the Mining Code, the applicant must fulfill the following conditions:

• be the holder of one or more valid Exploration Permits, whose exploration scope or all exploration scopes include the scope requested for the Exploitation Permit;

• be eligible for the Exploitation Permit;

• not exceed the limits regarding the area or number of authorized Exploitation Permits.
———
Am I interpreting this correctly?

 

[Flexi]

I am expecting positive outcomes from the ICC in April, that's if the MOM does not pull the rug before then, to save the scumbags from embarrassing defeat.

 

[Dazmac66]

View attachment 30109
some actions been taken by gov, let’s wait for the results?

Oh my god, what the fark does that last sentence mean? One minute I have enough coin to retire, next minute I am going insane trying to read gibberish! Anyway, thanks for posting mouse. I am thinking this is good news as the locals are reportedly backing AVZ and denouncing the Chinese.

 

[Samus]

Oh my god, what the fark does that last sentence mean? One minute I have enough coin to retire, next minute I am going insane trying to read gibberish! Anyway, thanks for posting mouse. I am thinking this is good news as the locals are reportedly backing AVZ and denouncing the Chinese.

 

[mouseflying]

Oh my god, what the fark does that last sentence mean? One minute I have enough coin to retire, next minute I am going insane trying to read gibberish! Anyway, thanks for posting mouse. I am thinking this is good news as the locals are reportedly backing AVZ and denouncing the Chinese.

I’m not good at French, but from my understanding, it means AVZ is supported by locals.

We’re all on this emotional roller coaster, sometimes I feel it worth $5 per share, sometimes 20c. Anyway, we can’t do anything during the suspension.

 

[Charbella]

@

@Sammy_da_Smile @Charbella 8196 - not the bombshell i was hoping for, but the timeline currently:

Dathcom submits application to CAMI to relinquish North on April 1.
Ministerial decree 'expedited' and awareded April 22.

Looking for correspondence around March/April where there is direct request to relinquish the north for awarding the ML on the south.

View attachment 30072 View attachment 30073

Thanks mate for sourcing all the docs.

Just wondering if you have access to the RCCM? Zijin seems to think they are listed as a shareholder of Dathcom.

Franck seems to disagree.

Back in June 2022, they were on the RCCM.