AVZ Discussion 2022

[BEISHA]

I want to get excited but after all the false starts I'll sit and wait to see if we get a takeover figure and the money in the bank. Drive it home Nige $1.50 absolute min or lets keep the court cases going, $2 and I dare say we'd all be happy enough

 

[hedrox]

Recovery through the ICC relies on Cominiere receiving payments to their accounts which can be avoided at least for a while

So rather than responsibility for recovery falling on AVZ management are saying they will consider using alternative recovery methods if needed

So in order of preference it is Cominiere (Or Zijin) pay the fine, the ICC uses enforcement if payments are available to be intercepted or we pursue recovery of the award through other avenues

AVZ management are saying they will consider using alternative recovery methods if needed...

 

[Dave Evans]

Here are my thoughts on the takeover offer by Kobold. As a long-term shareholder since December 2016, I've experienced the ups and downs alongside the company—riding the high to 36c, watching it drop to 4c, and then seeing it rise again to 1.36c. Throughout all these fluctuations, we’ve remained steadfast in our belief in the potential of renewable energy and its ability to help shape a better future for the world.

That said, I cannot accept anything less than $3.50 per share in this deal. I also question why Kobold would be willing to give away control of the north. To my understanding, the situation is still pending with both ICC and ICDIS. As far as I’m concerned, the north is not theirs to offer, as it hasn’t been fully settled yet. If Zijin intends to retain control over the north, they must pay a fair and equitable price for it—nothing less. The value of these assets should be fully recognised, and we, as shareholders, deserve fair compensation in exchange for giving up our stake.

We find ourselves in an incredibly strong position, with only 70 days remaining until the ICDIS. This is a critical point in time, especially given the strategic nature of the mineral resources we control. Given the high demand for such minerals, and the central role they will play in the future of renewable energy, it’s perplexing and concerning to see any move toward undervaluing these assets.

With the Democratic Republic of the Congo (DRC) positioning itself to attract more Western investment, it seems counterproductive—if not outright misguided—that we would be considering selling ourselves cheaply. The global shift toward renewable energy is accelerating, and the minerals we possess are crucial to this transformation. Why, then, would we let such a valuable resource sit idle or be handed away at a bargain price?

Nigel, as the decision-maker, is sitting with a winning hand of cards. Our position is strong, and our resource is of the highest quality. The strategic importance of this mineral to the future of renewable energy cannot be overstated. The world’s increasing demand for these minerals, combined with the DRC’s focus on attracting Western investors, puts us in a position of power. We have the leverage to negotiate a deal that reflects the true value of these assets.

If anything, we are where we are today precisely because of the exceptional quality of our resource, and it’s this value that should guide any discussions about its future. Selling ourselves short now would be a missed opportunity, one that could have far-reaching consequences for shareholders, for the company, and for the role we can play in driving the renewable energy revolution. We must stand firm and demand a fair price that reflects both the strategic importance of what we hold and the substantial value that is yet to be realised.

From what I’ve gathered, Kobold is moving quickly in response to recent news coverage from outlets like Australian Financial Review and Bloomberg. The buzz around our strategic position, combined with the potential for these minerals in the renewable energy sector, is clearly catching attention. Kobold’s urgency reflects the value of what we hold, but it’s important to remember that we should not be selling ourselves short in the process.

As I’ve said before, we shouldn’t accept anything less than $3.50 per share. This is not a time to settle for less, especially when our resource is so critical to the future of renewable energy. We are in a prime position, with major players like Kobold showing interest, and we must ensure that the price we accept reflects the true worth of our company and its assets. We’ve endured the highs and lows of the market, and now is the time for us to capitalise on the long-term potential of our investment. Anything less than $3.50 per share would be an undervaluation of what we have built and the opportunities that lie ahead.

It’s also important to recognise the emotional toll this journey has taken on many shareholders. Many of us have suffered significant mental and emotional strain, and even relationship challenges, due to the uncertainty and volatility of our investments. However, we have carried on because we truly believed that, in the end, there would be justice—that our patience and dedication would be rewarded.

If Zijin manages to acquire the north without paying a fair price for it, then it would be a clear violation of that sense of justice. It would send a message that shareholders, who have endured so much over the years, are not valued or respected. For those of us who have stuck with this company through thick and thin, this is not just about financial compensation—it’s about fairness. If we allow Zijin to take control of such a valuable asset without proper payment, it undermines the very principles of equity and fairness that we believed would guide this process. $3.5 and nothing less!

Anyone who believes we should accept the current offer or risk walking away with $0 is kidding themselves. The situation is far more complex, and there’s too much at stake. The DRC cannot afford to let this resource sit idle—it’s far too valuable. No reputable company would consider investing in this resource without the proper fines being paid and the outstanding issues with ICC and ICDIS being resolved first.

The DRC’s ability to attract Western investment hinges on addressing these concerns, and no serious player would move forward without that clarity and resolution. We are in a strong position, and it's crucial that we demand a fair price. The risks of accepting a lowball offer far outweigh any potential short-term gain, and we cannot afford to let this opportunity slip away for anything less than its true worth. This is the moment for us to secure a fair deal that reflects the strategic value of our holdings and the long-term potential they offer.

Charbella, a couple of extra points to note when it comes to the northern part of our tenement

Firstly, the updated Mineral Resource for CDL

https://announcements.asx.com.au/asxpdf/20231218/pdf/05ypn56nzd3nhw.pdf

Secondly what AVZ has said about the northern part of the tenement. Zijin’s claim is “without any legal foundation”

https://announcements.asx.com.au/asxpdf/20231030/pdf/05wpvn09rmwjjt.pdf

Thirdly, what Jin Cheng (Zijin) valued 15% of our resource at, before our updated Mineral Resource increased to 842Mt

https://announcements.asx.com.au/asxpdf/20230515/pdf/05pptrlv9sgvck.pdf

https://announcements.asx.com.au/asxpdf/20240131/pdf/05zy2s9sjtry80.pdf

These are all things to consider and remind KoBold and the US of when they prance in saying Zijin gets the north

 

[Thaz]

We talking price predictions!?

A bit early. But I can see us going to get $50ps.

 

[Mute22]

Charbella, a couple of extra points to note when it comes to the northern part of our tenement

Firstly, the updated Mineral Resource for CDL

View attachment 80013

https://announcements.asx.com.au/asxpdf/20231218/pdf/05ypn56nzd3nhw.pdf

Secondly what AVZ has said about the northern part of the tenement. Zijin’s claim is “without any legal foundation”

View attachment 80014

https://announcements.asx.com.au/asxpdf/20231030/pdf/05wpvn09rmwjjt.pdf

Thirdly, what Jin Cheng valued 15% of our resource at, before our updated Mineral Resource increased by 47% to 842Mt

View attachment 80016

https://announcements.asx.com.au/asxpdf/20240131/pdf/05zy2s9sjtry80.pdf

These are all things to consider and remind KoBold and the US of when they prance in saying Zijin gets the north

Another correction, 'Journalists' at the AFR haven't (and probably won't) cover this.

From what I’ve gathered, Kobold is moving quickly in response to recent news coverage from outlets like Australian Financial Review and Bloomberg. The buzz around our strategic position, combined with the potential for these minerals in the renewable energy sector, is clearly catching attention. Kobold’s urgency reflects the value of what we hold, but it’s important to remember that we should not be selling ourselves short in the process.

 

[ptlas]

We talking price predictions!?

A bit early. But I can see us going to get $50ps.

US$ ?

 

[cruiser51]

US$ ?

Fooken ose!!

Fid you think DRC Francs??

 

[LEFOOL]

We talking price predictions!?

A bit early. But I can see us going to get $50ps.

Must be a typo, you mean 50pesos yeah?

 

[David Krappenschitz]

Another correction, 'Journalists' at the AFR haven't (and probably won't) cover this.

From what I’ve gathered, Kobold is moving quickly in response to recent news coverage from outlets like Australian Financial Review and Bloomberg. The buzz around our strategic position, combined with the potential for these minerals in the renewable energy sector, is clearly catching attention. Kobold’s urgency reflects the value of what we hold, but it’s important to remember that we should not be selling ourselves short in the process.

It boggles my mind that there are shareholders on X saying $1 would be fine and debating it. What a terrible advertisement, way to publicly sell the company and asset short. What it ends up being we’ll see but at least put out a value that reflects the project. Smh

 

[Spikerama]

It boggles my mind that there are shareholders on X saying $1 would be fine and debating it. What a terrible advertisement, way to publicly sell the company and asset short. What it ends up being we’ll see but at least put out a value that reflects the project. Smh

Yep that's exactly what I was talking about earlier today. It's hard to determine how many kinds of stupid they are.

 

[Mute22]

It boggles my mind that there are shareholders on X saying $1 would be fine and debating it. What a terrible advertisement, way to publicly sell the company and asset short. What it ends up being we’ll see but at least put out a value that reflects the project. Smh

Yep, Jens really fumbling the ball at the finish line.

 

[BEISHA]

KoBold said that to advance the plan AVZ would need to receive “appropriate compensation” and agree to transfer all its interests in Congo. Once all disputes are resolved, Zijin would keep the northern section of the deposit, and the US company would develop the southern portion.

Zijin can't be allowed to be the biggest winner in this plan and end up with the north for almost free .The DRC Gov can't compensate us for the north as they are broke . For this deal to advance , and for Felix to save his skin , maybe he'll need to pressure Zijin into paying us a fair price for what they stole from us . Imagine them actually having to pay overs (just kidding) considering the hundreds of millions they have spent so far in bribes & rehab work etc . I wonder if they will be wanting a refund on all the sancks they paid for ... hello Celeste ...
With that calibre of backers , KoBold better not insult Nigel with a low ball offer of compensation for the south (and all that Tin ) . With the time and effort our BoD and DLA Piper have invested getting us to this point , I can't see Nigel buckling now . We still have the favourable results at the ICC , & ICSID as our backup .
This could be the ideal outcome . To be paid a suitable price for the entire tenement & leave the DRC completely . Holey smokes . Yes I originally wanted to see this through to mining and processing , but not after witnessing the amount of corruption at EVERY level of the DRC government over the last few years
Once this is over and dollars are in my bank account , I'll be first in line to contribute to a fund to have Shane E , the MMGA scum , Tommy R , Klaus and his daughter all held accountable in their endeavours to undermine AVZ . Hopefully there is another fund that can be setup to somehow say thank you to our friends in the DRC who have fought for us all the way , Franck , Kiki , Jonnno and others .
Hoping for a fantastic , timely outcome for all genuine AVZ holders

Rest assured Nigel will not be allowing Zijin to have the north for free, i spoke with Nigel at the previous AGM about that issue and the board will demand compensation ! Of course this was in the realm that DRC would come to the table with AVZ and further discuss the MOU in the absence of going full throttle with ICC / ICSID arbitration.

Since then Cath JV has surfaced, now Kobold .

Lol, AVZ have gone from boiled lollies to puff cream pastry.

 

[LEFOOL]

Yep, Jens really fumbling the ball at the finish line.

Do you really think KoBold are going to base their potential TO offer on a tweet from Jens? hahaha get a grip mate

 

[LEFOOL]

It boggles my mind that there are shareholders on X saying $1 would be fine and debating it. What a terrible advertisement, way to publicly sell the company and asset short. What it ends up being we’ll see but at least put out a value that reflects the project. Smh

Last time i hear Jens wasn't on the AVZ board relax unless you bought just before the halt you'll be fine

 

[PhatCatz]

Do you really think KoBold are going to base their potential TO offer on a tweet from Jens? hahaha get a grip mate

Nothing to do with KoBold. It’s about influencing shareholders (voters) who read the tweets.

 

[Mute22]

Do you really think KoBold are going to base their potential TO offer on a tweet from Jens? hahaha get a grip mate

Of course not, but I aim to keep shareholder morale high and our oppositions resolve low.

Insinuating that we should be looking for a couple of % on a geopolitically sensitive 100b+ mine would be silly.

 

[LEFOOL]

Nothing to do with KoBold. It’s about influencing shareholders (voters) who read the tweets.

My bad i had no idea Jens was influencing you guys.. dont get me wrong i've always respected him and others on HC or here but give me $1 for my shares i'll take it straight away that's a 20x return on my investment i'm not going to fuck around

 

[Mute22]

My bad i had no idea Jens was influencing you guys.. dont get me wrong i've always respected him and others on HC or here but give me $1 for my shares i'll take it straight away that's a 20x return on my investment i'm not going to fuck around

Tell me you have never been in a serious business transaction without telling me.

 

[LEFOOL]

Tell me you have never been in a serious business transaction without telling me.

I bought a sausage roll today for lunch, pretty serious business transaction to me!

 

[BRICK]

I deleted my x account but I’d be countering with $50