AVZ Discussion 2022

Samus

Top 20
Yeah wombat74 I tend to agree with you, I think you are absolutely spot on about FT, no way did he not know what was going on, his soft c... approach/treatment of his corrupt ministers and also the blatantly obvious corrupt players to this entire issue is the real reason we are in this mess, his BS about stamping out corruption (he doesn't appear to have the b..ls imo) isn't worth a cracker and it appears clear that the company also more than likely knew this shit storm was coming but didn't know what to do. Some ask why this was not disclosed to SH.... my guess is simply they knew the SP would get smashed and were scrambling to buy time to try and do what they could to right the ship, unfortunately, all to no avail at this point in time. My guess FT does not want to know NF as he has probably made promises to the very people who he says he wants to stamp out of the DRC. (Yeah Fg BS).

I think some very big players have dug themselves a dirty big hole and forgot to bring a ladder, unfortunately, the innocent players in this mess the people of the DRC and AVZ SH (the only ones that came to this country to play by the rules do the hard yards and stay the course who were led to believe they would be rewarded as partners in this activity) are the ones that are being thrown under the bus by the top man imo.

ps hope I'm proven wrong but no real evidence can be seen at this time to refute this imo just a lot of conjecture that doesn't seem to age well.

pps fk it, let's hope 'the great social media' that's been on display from many here and beyond makes it to hard for FT to keep playing pretend I'm the real deal. You get respect by doing what you told everyone you were going to do, not by putting your head in the sand and hoping someone else sorts out your mess. AVZ didnt sign up to fix the clear corruption problems that are still running rampant in your country.

AIMOonly :confused:
Yes it seems like the President values the MoP more for his re-election chances rather than sticking to his mandate of eliminating corruption in the government. One would like to think otherwise but after 12 months of inaction and ignoring the IGF report with regards to the MoP, plus why is JFMK still there?
Trouble is we can't exactly come out and condemn the President when he hasn't really showed his hand (still) even as everything goes backwards under ministers in the government now also including MoM. He's managed to distance himself from it all by never mentioning any of it publicly.
Nigel apparently explained everything to the President last June along with the paperwork back it up.
The President during the meeting apparently told MoP to sort it out and she's blatantly ignored him along with JFMK who collectively tried to force Marius to sign bogus paperwork on behalf of AVZ.
Meanwhile the decree's get cancelled.
It's good to see Nigel seemingly in DRC but after the last meeting with FT mid last year here we still are some 9 months later.
The President is either complicit, beholden to powers within the government or just outright useless it seems. It just seems less and less likely that he has some master plan that he's slowly working at to rid the government and public services of these people and if he is it's a lot more 'selective' than that.
It's like we're the butt of some sick joke. Everything is so clearly laid out yet these people are blatantly corrupt and somehow entrenched in positions of power with complete immunity despite it being completely obvious.
Absolute head fuck. Plus on top of all that mining lithium in the DRC is at least 12 months behind schedule, just so stupid missing out on the absolute opportune timing for production.

For shareholders, no resolution still after about 10 months, the price of lithium has crashed, we've got a bear market with no end in sight, trust in the DRC authorities absolutely shot. Regardless what happens from this point it's hard to see how we're not in for more pain.

 
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Yes it seems like the President values the MoP more for his re-election chances rather than sticking to his mandate of eliminating corruption in the government. One would like to think otherwise but after 12 months of inaction and ignoring the IGF report with regards to the MoP, plus why is JFMK still there?
Trouble is we can't exactly come out and condemn the President when he hasn't really showed his hand (still) even as everything goes backwards under ministers in the government now also including MoM. He's managed to distance himself from it all by never mentioning any of it publicly.
Nigel apparently explained everything to the President last June along with the paperwork back it up.
The President during the meeting apparently told MoP to sort it out and she's blatantly ignored him along with JFMK who collectively tried to force Marius to sign bogus paperwork on behalf of AVZ.
Meanwhile the decree's get cancelled.
It's good to see Nigel seemingly in DRC but after the last meeting with FT mid last year here we still are some 9 months later.
The President is either complicit, beholden to powers within the government or just outright useless it seems. It just seems less and less likely that he has some master plan that he's slowly working at to rid the government and public services of these people and if he is it's a lot more 'selective' than that.
It's like we're the butt of some sick joke. Everything is so clearly laid out yet these people are blatantly corrupt and somehow entrenched in positions of power with complete immunity despite it being completely obvious.
Absolute head fuck. Plus on top of all that mining lithium in the DRC is at least 12 months behind schedule, just so stupid missing out on the absolute opportune timing for production.

For shareholders, no resolution still after about 10 months, the price of lithium has crashed, we've got a bear market with no end in sight, trust in the DRC authorities absolutely shot. Regardless what happens from this point it's hard to see how we're not in for more pain.
My take is that the president is trying to balance cleaning house (corruption) with getting re-elected. At the apex of those conflicting principles sits little ol’ AVZ with its thumb firmly up its own arse, waiting for the president to make his call.

Best guess is that he does want this resolved in our favour, and is looking for ways to get it done without putting offside certain corrupt officials that form his power base and whose support is needed come election time. It’s a fraught path to navigate.

Our twitter friends seem to be in a chipper mood, so hopefully that‘s a sign of movement.

Imminently.
 
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Samus

Top 20
My take is that the president is trying to balance cleaning house (corruption) with getting re-elected. At the apex of those conflicting principles sits little ol’ AVZ with its thumb firmly up its own arse, waiting for the president to make his call.

Best guess is that he does want this resolved in our favour, and is looking for ways to get it done without putting offside certain corrupt officials that form his power base and whose support is needed come election time. It’s a fraught path to navigate.

Our twitter friends seem to be in a chipper mood, so hopefully that‘s a sign of movement.

Imminently.
Trouble is we've been hoping along these lines going on 2 years, no cigar. In reality we've seemingly gone backwards.
There are ways to look at everything and remain optimistic but it's exasperating and stupid at the same time.
It couldn't be more simple really, do the ground work following the mining code - get the license. Why the fuck isn't that the reality??
 
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Frank

Top 20
The Court of Auditors promises to hunt down predators of public finances

The president of the Court of Auditors, Jimmy Munganga, announced this Thursday, March 9, the hunt for predators of public finances.

It also promises to fight against corruption whose perpetrators are recruited among ministers, public officials and sometimes shine in the award of public contracts without respecting the rules.

They expose themselves to sanctions when the time comes.


He said it on the occasion of the judicial return of the Court of Auditors to the People's Palace in the presence of the President of the Republic, the ministers who are members of the government, the deputies and senators and all the heads of the constituted bodies of the country. .

Jimmy Munganga focused his speech on the role of the Court in repressing mismanagement.

Detecting the mismanagement, the first president of the Court deplores the delay in the transmission of certain reports, the finance law voted and that on the rendering of accounts to the Court.

“These faults and so many others have been erected into management mode,” he said.

As regards the Court's annual report, it highlights the seriousness of the mismanagement.

It contains recommendations proposing certain corrections, informs the public about the management of public finances.

A second ceremony concerned the presentation to the Head of State, the two Presidents of Parliament and the Prime Minister of the annual report of the Court's activities for the 2020-2021 financial years.


EU and DRC announce deal on rare minerals like copper and cobalt

The European Union and the Democratic Republic of Congo have committed to launch negotiations for a partnership on the exploitation of rare and strategic minerals, including copper and cobalt.

A so-called win-win memorandum of understanding and a roadmap will be announced in the coming months around cooperation and investment projects in a sector dominated in the DRC by China.

The EU is counting on this partnership to accelerate its ecological transition.

In order to achieve the objective of carbon neutrality in 2050, the EU has embarked on a so-called historic shift in its industrial production and wants to strengthen its supply policy for rare and strategic minerals.

The other challenge is to reduce its dependence on certain countries like China, where these minerals are currently processed, explain EU sources.

The challenge is also significant for the DRC, which aims to develop a local value chain and a market around the battery, electric vehicle and renewable energy industry.

A position that corresponds to the EU's offer, according to Jutta Urpilainen, European Commissioner for International Partnerships:

“We want to create value in the DRC, local added value.

Not just exporting your raw materials to Finland, Europe and then refining them in Europe.

According to her, the approach will be different from that proposed by other partners of the DRC, such as China not to mention:

“We don't want to create dependency, nor do we want neocolonialism.

We really want to create local value and we want to create a win-win partnership.

According to the EU ambassador posted in Kinshasa, the advantage for the DRC is also to benefit from possible support for the production of green energy for its industries.


mediacongo

Chinese contract: the masterminds of overbilling soon before the bar

The file related to the overbilling of the infrastructures within the framework of the Chinese contract takes another turn.

The Attorney General at the Gombe Court of Appeal, Robert Kumbu has opened a legal file against the ACGT and the Chinese Contract Coordination Office.

The approach of justice confirms Jules Alingete and his men who concluded the fiasco in the execution of the deal concluded between the Congolese State and the group of Chinese companies.

A new step has been taken in the hot file of the Chinese contract.

After the investigation carried out with professionalism by the General Inspectorate of Finance, the justice system gets involved.

She wants to see clearly.

Millions of dollars that were to be used for work for the good of the community, have unfortunately been swallowed up following the greed of some Congolese.

Unthinkable, according to judicial sources, that colossal sums are embezzled by Congolese to the detriment of the general interest.

Under this contract, almost all infrastructure was overcharged.

In front of the media, the interested parties had almost water in their mouths to explain to the public the excessive cost of the work and their poor execution.

Sometimes the work carried out did not even cost the 30% of the funds disbursed. In public opinion, anger is rising.

Congolese interviewed from all over the country encourage justice to go all the way to dismantle this mafia network.

Alingete crowned for his work of excavation in the Chinese contract

In an indictment of information, the body of the law, Robert Kumbu Phanazu seized the policeman of public finances Jules Alingete to appoint financial inspectors and experts who will work jointly with judicial inspectors and those of the judicial police to carry out new investigations at the headquarters of Sicomines in the commune in Kinshasa.

They must obtain all the proof of payment for the work carried out with the approvals given by the Congolese Agency for Major Works.

From the latter, they are mandated to collect the works contracts, the final accounts of the works, the works acceptance reports and the control mission reports for each project.

In addition, the investigators will go down to the field to carry out the counter-expertise of all the work carried out, to establish and evaluate all the cases of overbilling and the methods implemented with a view to its accomplishment, to establish and determine individual responsibilities in the overbilling and alleged embezzlement of public funds, to take any other legal action likely to enlighten them on the file.

Attorney General Robert Kumbu says he is eagerly awaiting the report.

Information in its possession indicates over-invoicing for infrastructure works carried out under this collaboration agreement of April 22, 2008, known as the “Chinese contract” between the Congolese government and the group of Chinese companies (GEC).

The finding is doubly catastrophic.

First, there are unfinished works yet they have been fully funded, then there is a report of the non-execution of the works but which were already funded.

The investigating magistrate notes that the overbilling denounced comes from several artifices implemented during the conclusion of contracts for infrastructure works and their execution.

These include, according to PG Robert Kumbu, the exaggeration of unit costs and the rates of certain normal facts, the prohibition in the cost of works of headings that do not exist in contracts such as "sum to be worth ”.

According to the body of the law, all these facts suggest misappropriation of public funds because the investments of the said works are funds lent to the Congolese State which reimburses them with interest, on its minerals sold to the joint venture Sicomins.


DRC-Zambia: an agreement for joint operation of border facilities in Kasumbalesa

A cooperation agreement for the joint operation of Kasumbalesa border facilities over a 24-hour window has been signed to facilitate trade between the Democratic Republic of Congo and Zambia, a statement said on Friday. , the Ministry of Foreign Trade.

This agreement was reached at the end of the meeting of two Heads of State which was held recently in Ethiopia.

"The signing of this agreement took place on Wednesday at the Kasumbalesa border between the two parties, represented on the DRC side, by the Minister of Foreign Trade, Jean Lucien Bussa and the Minister of Commerce and Trades, Chipota Mulenga", underlines the press release.

This agreement was facilitated by the United States of America promising to do everything possible to support the two countries in the creation of an electric battery manufacturing plant.

About the deal

The source also notes that this agreement stipulates that all border agencies will start operating on a 24-hour window, to be implemented one week after signing.

The two countries have agreed to allow all types of commercial goods to pass through the Kasumbalesa-Kipushi-Mukambo border facilities.

Zambia has, for its part, agreed to modernize the border facilities at Kasumbalesa, bordering Kipushi, Sakania and Mukamba, underlines the same source.

Among other agreed measures, Zambia will have to reconsider night restrictions on the movement of commercial goods to be implemented within a week of signing.

The DRC, for its part, will have to put a new building at the border of Kasumbalesa, for efficient processing of documents.

It has also undertaken to modernize car parks and risky sites, to build a ring road on the Congolese side, added the same source.

Zambia will hold the next meeting in the DRC, at the request of the latter, on the day to be communicated by the Congolese authority, to go and cement more agreements aimed at benefiting both nations.

The signing of this agreement aims to end the traffic pier at the border of Kasumbalesa, in order to improve trade not only for the two countries but also for the whole region of the development community of the Southern Africa (SADC) and the Common Market for Eastern and Southern Africa (COMESA)

mediacongo

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Africa Mining Vision.jpg
 
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Frank

Top 20
Trouble is we've been hoping along these lines going on 2 years, no cigar. In reality we've seemingly gone backwards.
There are ways to look at everything and remain optimistic but it's exasperating and stupid at the same time.
It couldn't be more simple really, do the ground work following the mining code - get the license. Why the fuck isn't that the reality??

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WTF !!.jpeg
 
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Trouble is we've been hoping along these lines going on 2 years, no cigar. In reality we've seemingly gone backwards.
There are ways to look at everything and remain optimistic but it's exasperating and stupid at the same time.
It couldn't be more simple really, do the ground work following the mining code - get the license. Why the fuck isn't that the reality??
It’s pretty simple hey - just obey the fucking law and send law-breakers to prison.

Yeah, i’m looking at you, Green Mamba. And JF. And Z. And Klaus. Fuck it, there are too many - @MoneyBags1348, please complete this list…
 
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John25

Regular
Interesting I've been reminded tonight by TSE of their terms and conditions . My light weight fluff posts which are only my opinion at best have ruffled a few feathers and have been brought to the attention of the TSE team . Warning shots across the bow . Is the heat being turned up on TSE? Looks like I'm being given the good-bye look . If I am no more , all the very best to SH . Fight the good fight and don't give in to these corrupt fucking cunts in the DRC/CHINA . These filthy Criminals . All Imo only . Go fuck yourself DRC MoP you dog and that Cami Cunt . And to Felix grow some balls and do what's right . It's all IMO only .
Its ok wombat think we all got the “terms/conditions “ so fire away …we’re overdue for a fiery Saturday night …its been a bit tame lately :) think the week of cease fire is over…the midget on TV trying to justify his $$$ million pay .Finally a sighting of Nigel & John probably at the DRC
 
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Fletch77

Regular
Relax guys, I’m pretty sure that was sent to everyone

Edit.. John beat me to it
 
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geo_au

Regular
That may or may not appease AVZ shareholders but Cominiere also cited Nigel's AJN holdings in their claims. I think the offer to the bod will be it has to continue without Nigel on our terms or it's sell / ICC. I'm basing this on the media attention he has gotten compared to other bod members this week and could obviously be wrong.

As it stands Dathcom own all of PR13359 and there are a lot of different ways this can go. But I think the AFR actually may have had a good point when they said:

'Ferguson could become as important a figure in the global mining industry as Andrew Forrest or Gina Rinehart. First, though, he will have to beat the Chinese in Kinshasa.'

Or maybe I'm just reading between the lines

View attachment 29291
Gee what an ugly man. Hasn't he done enough damage in the world already and we have to put up with another five years of seeing this ugly face.
 
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geo_au

Regular
Could you tell me the story behind AJN and why is it so important that Nigel divest of his holdings.
 

Spikerama

Regular
Interesting I've been reminded tonight by TSE of their terms and conditions . My light weight fluff posts which are only my opinion at best have ruffled a few feathers and have been brought to the attention of the TSE team . Warning shots across the bow . Is the heat being turned up on TSE? Looks like I'm being given the good-bye look . If I am no more , all the very best to SH . Fight the good fight and don't give in to these corrupt fucking cunts in the DRC/CHINA . These filthy Criminals . All Imo only . Go fuck yourself DRC MoP you dog and that Cami Cunt . And to Felix grow some balls and do what's right . It's all IMO only .
You are not special mate. You're not a beautiful and unique snowflake. You're the same decaying organic matter as everything else. We're all part of the same compost heap. We're all singing, all dancing crap of the world.

Now... where did I leave my soap?
 

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Winenut

GO AVZ!!!!
Its ok wombat think we all got the “terms/conditions “ so fire away …we’re overdue for a fiery Saturday night …its been a bit tame lately :) think the week of cease fire is over…the midget on TV trying to justify his $$$ million pay .Finally a sighting of Nigel & John probably at the DRC
I'm starting to get worried..

Of all posters I didn't get the terms and conditions :rolleyes:

Lookout Nut...

1678540051677.gif
 
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Charbella

Regular
You can ask my women what they have to say in this connection :p

Please tell me what do you think will happen?
Do you believe the president will now start to act in our favor and remove all blocks?
politico has been smearing AVZ for the last 10 months in the last few days deleted all their anti-avz articles, surely a good sign. The winds have changed.
 
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Samus

Top 20
 
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Samus

Top 20
politico has been smearing AVZ for the last 10 months in the last few days deleted all their anti-avz articles, surely a good sign. The winds have changed.
Well since we like politico.cd again...

DRC: the Court of Auditors embarks on the hunt for predators of public finances​

Writing Kinshasa
By Writing KinshasaMarch 10, 2023 at 2:57 PM

The Court of Auditors is committed to tracking down predators of public finances and to fighting against corruption whose perpetrators are recruited among ministers, public officials and sometimes shine in the award of public contracts without respecting the rules.
This announcement was made Thursday, March 09 by its president Jimmy Munganga, on the occasion of the judicial return of the Court of Auditors to the People's Palace in the presence of the President of the Republic, ministers who are members of the government, deputies and senators and of all the heads of the constituted bodies of the country.

His speech also revolved around the role played by the Court in the repression of mismanagement. Detecting the mismanagement, the first president of the Court deplores the delay in the transmission of certain reports, the finance law voted and that on the rendering to the Court. It indicates that these faults and so many others have been erected in management mode.
As regards the Court's annual report, he highlighted the seriousness of the mismanagement. It contains recommendations proposing certain corrections, informs the public about the management of public finances.
In addition, a second ceremony concerned the presentation to the Head of State, the two Presidents of Parliament and the Prime Minister of the annual report of the Court's activities for the 2020-2021 financial years.
This was the very first judicial return of the Court of Auditors in the Democratic Republic of Congo since its creation in 1987.

Odon Bakumba​


 
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Could you tell me the story behind AJN and why is it so important that Nigel divest of his holdings.
It would only be important that Nigel divest of his holdings in AJN if they are successful in their application for the northern 82 carrés of the 13359 tenement. But the uncertainty around them possibly getting the north is one of the key reasons we are in suspension imo

Management were more than happy to trade after the partition was initially announced to the market as the north being renewed for Dathcom as a PR in a joint venture with the DRC government.

The initial ministerial decree announcement was released Wednesday May 4th 2022. We traded until the end of the Friday session on May 6th. Nigel resigned from the AJN board that weekend and we went into trading halt before trade on Monday the 9th and then voluntarily suspension two days later.

From the AGM:

Q: What about AJN having a crack

A: “Their premise is that we’ve returned the northern tenement to government. We haven’t. Draw a conclusion out of that”. I was a founding director and bought in as gold explorer. Found out late in the piece for a lithium plan – stepped away as soon as learned that. Shares bought before that lithium plan came into play. No conflict of interest.

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Xerof

Flaming 1967
OK, got the message



⬅️⬅️ Declaring the truth now
 
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politico has been smearing AVZ for the last 10 months in the last few days deleted all their anti-avz articles, surely a good sign. The winds have changed.
Due to legal threats, i’m hoping
 
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It’s pretty simple hey - just obey the fucking law and send law-breakers to prison.

Yeah, i’m looking at you, Green Mamba. And JF. And Z. And Klaus. Fuck it, there are too many - @MoneyBags1348, please complete this list…

Mr In, every now and then I change my password so that I can't log in until I access my emails, it keeps me off here for a little while.... so no replies or more mentions of me please because I usually feel I should reply to people when they address me.... There is a list of suspect twitter posters and websites on another thread, but here's a list of some fuckers, it's not complete (a few not mentioned like MoP) but it's a reminder I used to use of who to keep an eye on

Tom Richardson (Australian Financial Review - AFR)

Boatman (David Edward Robertson, DOB 07/1973)
- Boatman Capital Research….
- Director of Thirteen Research / England…. Links to Panama, Russia
- Former journalist at The Times / Worked at the corporate intelligence firm K2

Joseph Kabila Kabange
Zoe Kabila Mwanza Mbala (Joseph Kabila’s brother)
Min Go Wei
Jean Felix Mupande Kapwa (DG of CAMI)
Simon Cong (Dathomir)
Mwamba Misao Athanase (MD of COMINIERE SA)
Klaus Eckof (AJN Resources)
Eric Allard (Tantalex Lithium Resources)
Stephen Barley (African Energy Metals)
Dan Gertler (Israeli Businessman)


Because I've been off the forum, just wanted to say thanks to: @Spikerama for his work and that latest excellent addition of Mupande to his collection: @obe wan for his information on Canaccord offloading shares and Lithium Plus scooping them up; @tonster66 for transcribing the Marius interview; @mouseflying and @Thaz for the info on politicocd.... PS I've been meaning to apologise to @mouseflying for a long time after mistaking him for a troll I used to read years ago on the crapper.... Very sorry mate!!


Two rhetorical questions.... @Mr Inappropriate, is your missus Misappropriate?! And under the TSE Rules will the Cock Punch and any further challenges to @Winenuts 'Mantle' be exempt

Don't answer.... I want the next week off
 
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Just before I change my password again and sign out…. Is the the best balancing trick you guys have seen in a while?

5B217603-E789-4E37-9133-1DAFF84CDCD9.jpeg


Thats a rhetorical question!
 
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