AVZ Discussion 2022

" I never believed AVZ is staffed, experienced or capable to design , procure, construct and run the largest lithium mine and transport its product "

Cant say i agree with you there, Nigel and staff have got us to the ML decree stage rather nicely despite many obstacles i am sure and have brought CATH / CATL on board to utilise their vast experience in developing mines......so bases covered as far as i am concerned.

Now i may get scorched with what i am about to say next, but if i took the emotion out and just looked at the business at hand here, if Zijin does have a claim on the snack 15%, they have a good track record of developing mines too, now obviously no one knows what goes on in the inner sanctum of AVZ / DRC negotiations, but could there be a possibility that AVZ retains 51% control, CATH 24 % , Zijin 15%, DRC 10%, with Zijin paying DRC the balance of what is owed plus a pro rata sum of money to AVZ for the development / expense already under taken ?

Dont get me wrong, i dont trust Zijin as far as i can kick the bastards and my preference is to seek the 66% if it can be achieved, but if its going to settle relations on both sides and progress construction / production , whilst foregoing the long tedious ICC route, then maybe thats an option.

IMO of course.
Agree - You paint a totally feasible and practical way out of this mess and probably preferred over a TO to maximise value in the long run through to production. It also covers the required mine building and operating skills in remote areas which I do insists AVZ does not have.
" I never believed AVZ is staffed, experienced or capable to design , procure, construct and run the largest lithium mine and transport its product "

Cant say i agree with you there, Nigel and staff have got us to the ML decree stage rather nicely despite many obstacles i am sure and have brought CATH / CATL on board to utilise their vast experience in developing mines......so bases covered as far as i am concerned.

Now i may get scorched with what i am about to say next, but if i took the emotion out and just looked at the business at hand here, if Zijin does have a claim on the snack 15%, they have a good track record of developing mines too, now obviously no one knows what goes on in the inner sanctum of AVZ / DRC negotiations, but could there be a possibility that AVZ retains 51% control, CATH 24 % , Zijin 15%, DRC 10%, with Zijin paying DRC the balance of what is owed plus a pro rata sum of money to AVZ for the development / expense already under taken ?

Dont get me wrong, i dont trust Zijin as far as i can kick the bastards and my preference is to seek the 66% if it can be achieved, but if its going to settle relations on both sides and progress construction / production , whilst foregoing the long tedious ICC route, then maybe thats an option.

IMO of course
 
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Winenut

GO AVZ!!!!
looking forward to the next one


baby lol GIF by America's Funniest Home Videos's Funniest Home Videos
They're rare but they're not bad :ROFLMAO:

In a previous life many moons ago Optus received a serious expletive ridden rant and spray after a 2 year ridiculous dispute that I could no longer tolerate and finally had shit me to tears

The infamous "Optus letter" is still lovingly revered by my work colleagues at the time as one of the all time great "fuck you's" and often mentioned and laughed over at reunions!!! :LOL:

Worked too.....never heard from Optus again!! :geek:
 
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Flight996

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Re Correct me if i am wrong, but that extra 15% was never a given, it was to be negotiated.
Sure, but my understanding is that AVZ had first call on this 15%, and proposed US$100m against Zijin's US$33m (of which only the deposit was paid in June 2021 anyway). Based on my limited understanding of this complex issue it follows that AVZ should therefore be compensated for the opportunity cost of lost value and income.
Of course the best outcome is that AVZ's claim on Cominnaire's 15% is upheld, and Zijin simply disappears up Kabila's fat butt never to heard from again.

Cheers
F
 
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mouseflying

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1659667227590.png

According to the pervious ann, CAMI is operate under the supervision of the minister of mines.

3 month ago, Minister of Mines has already signed the ministerial decree to award the Mining Licence.

it seems that MOM willing to give us the ML,

and why CAMI under her supervision still pending with surface right calculation?

hopefully, it can be solved asap....
 
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For the record I am back on my meds and have resumed normal transmissions :rolleyes:

Also for the record it felt fantastic and cathartic to get that out of the system 🙂

Each to their own hey pones...
"meds", hey? That translates to a glass of what, exactly? Asking for a friend...
 
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JasonM

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good to see endorsement of IGF, hopefully this means the powers that be follow on with the IGF report into comminere and void all their behaviour and that of zijin as illegal.





#RDC : "the IGF saves the Republic through the financial patrol. To go against it is to oppose a clear vision of a severe fight against embezzlement, a vision of the Head of State", says Thierry Monsenepwo
 
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Winenut

GO AVZ!!!!
"meds", hey? That translates to a glass of what, exactly? Asking for a friend...
Any Clare Riesling for entree followed by any South Aussie GSM or Cab/Shiraz blend for mains ;):cool:
 
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Skar

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PS - PLS targeting 1mt pa
AVZ targeting 4.5 - 10 mt pa to start

🤦‍♂️AVZ 4.5mtpa plant will yield 760kt or 780kt (I forget which) SC6 according to the DFS and the 10mtpa expansion scenario will yield 1.6Mt of SC6 (equivalent some will be processed into sulphate). i.e if the PLS expansion goes to plan this year, between their two mines, they match or exceed the output of what AVZ was planning for the end of 2023 AND its not locked in to low ball supply contracts, it goes on the BMX to the highest bidder (i.e their cash flow will be eyewatering, they said 500M last quarter... the lithium shortfall and possibly the price per ton they can get, might increase).

If comparing the two, the only Advantage I see for AVZ is its resource size, its HUGE!!!!! but PLS is an immediate money maker, in a better jurisdiction. AVZ COULD scale into an absolute juggernaut but we are already 8 months behind when we were expecting to get our ML awarded. I see people talking about $2, $5 TO etc... I would be over the move with a $1.50 TO this year... there is so much risk that was previously just glossed over.

All in my opinion, DYOR and obviously once we are off TH and back on track I will probably start liking AVZ a heck of a lot more again.

Edit: Correction PLS expected to be 680kt, not 780kt my bad.
 
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tonster66

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View attachment 13397
According to the pervious ann, CAMI is operate under the supervision of the minister of mines.

3 month ago, Minister of Mines has already signed the ministerial decree to award the Mining Licence.

it seems that MOM willing to give us the ML,

and why CAMI under her supervision still pending with surface right calculation?

hopefully, it can be solved asap....
Has anyone seen the decree? Maybe the decree had issues with it?
 
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mouseflying

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I just find this on facebook, seems MOM trying to replace the DG of CAMI a year ago.

191577716_499250274855993_1022171097415051297_n - Copy.jpg



1659676664531.png

Previous MOM also take action against this guy, see below:


1659677096634.png

WTF, why he is still there........
 
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wombat74

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If the ML doesn't drop by Aug 15 I think it's time for NF to give us some details as to why it's taking so long for this issue to be sorted. AVZ itself said ,“We regret that the period of voluntary suspension has lasted longer than was initially intended." If it's a legal issue and must remain confidential , then say it . If it's a schedule problem ("herding cats ") , then say it . Not going to affect the SP . We are in suspension . Or does Nigel think we are so close now an explanation at this point is not necessary 😉.
 
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Soapy

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If the ML doesn't drop by Aug 15 I think it's time for NF to give us some details as to why it's taking so long for this issue to be sorted. AVZ itself said ,“We regret that the period of voluntary suspension has lasted longer than was initially intended." If it's a legal issue and must remain confidential , then say it . If it's a schedule problem ("herding cats ") , then say it . Not going to affect the SP . We are in suspension . Or does Nigel think we are so close now an explanation at this point is not necessary 😉.
Few more extensions to come is my guess
 
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wombat74

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Few more extensions to come is my guess
The emphasis was on the last sentence : "Or does Nigel think we are so close now an explanation at this point is not necessary" 😉. DYOR
 
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Samus

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Hmm let's think :unsure:
What has been sorted so far in our long list of shitshow bullshit?
Ah yeah that's right - nothing.
15th a pipe dream imo. :(
 
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CHB

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The emphasis was on the last sentence : "Or does Nigel think we are so close now an explanation at this point is not necessary" 😉. DYOR
He's been thinking we're close since like October 2021 lol
 
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Samus

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The Fox

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Hmm let's think :unsure:
What has been sorted so far in our long list of shitshow bullshit?
Ah yeah that's right - nothing.
15th a pipe dream imo. :(
How the F would you know what has and hasn't been sorted. Are you on the Board? are you part of the AVZ legal team? The market will be informed in due course, or you can speculate until the cows come home. Poop your pants if you want, or have faith that because issues are in front of the courts or under Government action details cannot be provided to your satisfaction. Up to you dude how you spend your days, as for me, I don't have to wear nappies and expect a positive outcome for shareholders. Cheers The Fox :)
 
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Samus

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How the F would you know what has and hasn't been sorted. Are you on the Board? are you part of the AVZ legal team? The market will be informed in due course, or you can speculate until the cows come home. Poop your pants if you want, or have faith that because issues are in front of the courts or under Government action details cannot be provided to your satisfaction. Up to you dude how you spend your days, as for me, I don't have to wear nappies and expect a positive outcome for shareholders. Cheers The Fox :)
No need to be so rude I would have thought? 😲
 
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The Fox

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No need to be so rude I would have thought? 😲
Well, no need to be so pessimistic, mine is an appropriate response to claims of a long list off shitshow and bullshit which in fact is a couple of unexpected items that are being sorted out by AVZ, don't believe the trolls and the down ramping hyperbole.

So many are like, Oh the sky is falling, Oh the sky is falling, if the sky unexpectedly falls, we will all know, until that time, I'd rely on ASX announcements only.

Have a great weekend !!!

Cheers The Fox
 
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