AVZ Discussion 2022

[Samus]

I'm getting polestar 6 by the time avz kicks off.
2026 polestar 6

 

[Helios]

View attachment 17757

View attachment 17758


View attachment 17759

@Helios

My assessment is as follows

Costs associated with Tenements that are expected to be exploited are carried forward as an asset in the Balance Sheet until such time as the tenements are producing revenue (at which point I suspect the costs would then be progressively written off against that revenue by some appropriate methodology and in an appropriate timeframe)

AVZ have made an assessment on the costs it is carrying forward for tenements PR4029 and PR4030 and believes it can no longer carry those costs forward and have expensed a portion in the current financial year of $643,339 (costs written off/expensed through the the Profit and Loss)
Effectively they have assessed they are not going to be able to recoup that portion of costs in future years through revenue producing activities and therefore must be written off in the current financial year

That's the technical side of it

The question that is not answered (and what you probably want to know) is "WHY" on assessment this year has this portion of the costs associated with the tenements of $643,339 been written off?

There may be a number of reasons (part of the tenements have been re-assessed and are unlikely to be productive in the future, the company is abandoning plans to develop part of the area etc etc etc )

Going by other comments it may appear plausible that the size of the tenements 4029 and 4030 have potentially been changed

If in fact the case is that the tenements are now smaller in size then AVZ would have to proportionately write off some of the carried forward costs in the year that it happens (eg if the tenements were reduced in size by say 25% then one might logically expect 25% of the carried forward costs would need to be written off)

That example is probably a bit simplistic but you get the idea

So in summary going by what others have provided and what I've gleaned from the report I too suspect there has been a change in the boundaries for 4029 and 4030 and this has triggered the associated write off of a portion of the carried forward costs related to those tenements in the current financial year

Would definitely like to know the explicit reason(s) for the write-down of the asset and the methodology used to calculated the final $ value of the amount expensed through the P&L

Hope that helps a bit

Cheers
Nut

Great reply; thanks for taking the time to write out. I didn't find really anything else to pick apart within the report. A considerable amount for legal fees compared to last year, and directors still holding a heck of alot of shares. I guess I'll be seeing a few of you at the Agm then.

I am holding far too many shares to sit idle by and not have my say if things are not cleared up by November.

 

[TDITD]

Mate I do hope you're right about this Obe. I'm feeling a little sick right about now.
The last extension gives me an idea you're right about this. The unusual specific length, not 2 weeks, not a month. The mention of a return to trading in the anouncement, the rumors about it happening very very soon..... But I think everyone is far too fatigued to get excited about the prospect of advancement right now.

I don't feel concern for AVZ not making it, everything points to a successful and highly lucrative investment in AVZ.... eventually.
But fark me, I really need this to be trading again because I'm not sure how much i can get for my ass on the street corner at my age.

 

[Charbella]

Is this a real account for Jean Felix Mupande?

Real Mess!

 

[Samus]

All in my opinion only -

The Cath extension announcement creates alot more questions than the simple delay of it all.
In my opinion maybe Cath are not to concerned about the percentage (24%) of the mine, but are more interested in the guarantee of supply of the product. So maybe they are willing to renegotiate?

With other parties reportedly now showing strong interest such as the Americans amongst others, maybe management is renegotiating the % owned in the Cath deal in return for guaranteed products. And then the leftover %, onsold to a new partner for a much better deal for our company!

I also don't think this extension should
have to much of a bearing on when the ML is issued, as long as the $$ are in order!

Things definitely feel as though they are getting bigger & bigger, but YES everyone, we need this fu.king licence!!

Just saying.

Have a good weekend all,
Cheers,
Nells

"In my opinion maybe Cath are not to concerned about the percentage (24%) of the mine, but are more interested in the guarantee of supply of the product. So maybe they are willing to renegotiate?"

Interesting you should say that. Grapevine saying similar. Just as they said more focus on Manono after the UN general assembly.

Anyway, as much as I love the intrigue. Bring on the f'ing ML ffs.

 

[ptlas]

It was nominations for a director. If we all get behind one candidate there is a slim chance of getting someone from this forum on the board. Worth a shot imo.

I vote Wino or Wombat.

Not Wino.
The booze bill will be astronomical.

 

[JAG]

Is this a real account for Jean Felix Mupande?

Real Mess!

Yes. Send him an email to confirm and also ask how many paper bags it will cost us to sign the ML

 

[Samus]

Is this a real account for Jean Felix Mupande?

Real Mess!

Wow that is fucked, don't like the sound of any of that.
His previous tweet was cryptic but this is starting to sound more ominous.

Not sure if it's the real account but Joe who originally patched it in to a tweet seemed to think it was. However it's curious the account has so few followers as someone previously mentioned.

 

[DiscoDanNZ]

Is this a real account for Jean Felix Mupande?

Real Mess!

Is his reply in straight perfect english? Seems dodgy as you would expect him to reply in French, even google translate normally fudges it a bit.

Not saying he doesn't speak english, I'm just not up to speed on his level of education and foreign language skills.

 

[MoneyBags1348]

Wow that is fucked, don't like the sound of any of that.
His previous tweet was cryptic but this is starting to sound more ominous.

Not sure if it's the real account but Joe who originally patched it in to a tweet seemed to think it was. However it's curious the account has so few followers as someone previously mentioned.

@JAG he also has an email address j***@spintelligent.com but you guys will have to track it down, I’m going off to try and find Frank and hope he hasn’t bought that boxy looking EV he was talking about

 

[DiscoDanNZ]

@JAG he also has an email address j***@spintelligent.com but you guys will have to track it down, I’m going off to try and find Frank and hope he hasn’t bought that boxy looking EV he was talking about

They come in kit form if you'd like your own

 

[LOCKY82]

CATH will be hedging their bets.
You can bet your life they have been in contact with those Chinese crims since before we knew anything about the 'purchase'.

Of course they will! They don't give a shit about AVZ! But they keep extending don't they and I'd be a hell of a lot more worried if the announcement was CATH deal has been terminated. End of the day only thing that matters is we are majority owners, the rest will take care of itself.

 

[JAG]

Well twitter is going ballistic with Jean

Apparently we are all wrong and he can carve up anything he wants….anyway, I’m about to get fuckin shitfaced.

 

[LOCKY82]

Is this a real account for Jean Felix Mupande?

Real Mess!

I highly highly doubt that a man that can barely be found online has suddenly reared his head to speak with fucking randoms on Twitter! Absolute horse shit! 160 followers! Come on people!

 

[JAG]

@JAG he also has an email address j***@spintelligent.com but you guys will have to track it down, I’m going off to try and find Frank and hope he hasn’t bought that boxy looking EV he was talking about

No DOXING please Linda

 

[LOCKY82]

And here's who the DG for CAMI follows on Twitter, give me a break. This clowns not even worth a pineapple!!

 

[Azzler]

View attachment 17783

And here's who the DG for CAMI follows on Twitter, give me a break. This clowns not even worth a pineapple!!

Not legit acount you're saying?
Lol I was just firing up at him on the twit.

 

[LOCKY82]

Not legit acount you're saying?
Lol I was just firing up at him on the twit.

Purely my own opinion but the man has about 5 tweets ever and has suddenly decided to engage with total strangers on Twitter (of which he has 177 followers) as the director general of CAMI. I just don't buy it, why would he care what some random people with little to no direct influence on any outcome think??

 

[cruiser51]

Wow that is fucked, don't like the sound of any of that.
His previous tweet was cryptic but this is starting to sound more ominous.

Not sure if it's the real account but Joe who originally patched it in to a tweet seemed to think it was. However it's curious the account has so few followers as someone previously mentioned.

Do you really believe that the head of CAMI's job is to doubt the decree of his superior, the MoM?

Or that the head of CAMI would find the time to go into a tweeter debate at this level?

It is more likely a paid poster out of the Zijin camp being extremely active.

In another posts he suggests that a tweeter is paid by someone, he is probably very used to that way of doing business.

So to be honest I believe it is a fake account, the sudden burst of tweets from this account is rather remarkable.

JFMK was in the past not so informative with his tweets, why the sudden change?






JEAN FELIX MUPANDE

@JFMK


Replying to
@FranckFwamba

@sillanolaurent1
and 7 others
Êtes vous vraiment sûre que AVZ dans sa nature de junior et de spéculateur s’inscrit il dans l’action gouvernementale et la vision du Président?

Translated from French by
Are you really sure that AVZ in its nature of junior and speculator is part of the government action and the vision of the President?


12:14 PM · Oct 1, 2022·Twitter for iPhone

 

[Samus]

Do you really believe that the head of CAMI's job is to doubt the decree of his superior, the MoM?

Or that the head of CAMI would find the time to go into a tweeter debate at this level?

It is more likely a paid poster out of the Zijin camp being extremely active.

In another posts he suggests that a tweeter is paid by someone, he is probably very used to that way of doing business.

So to be honest I believe it is a fake account, the sudden burst of tweets from this account is rather remarkable.

JFMK was in the past not so informative with his tweets, why the sudden change?

JEAN FELIX MUPANDE
@JFMK


Replying to
@FranckFwamba

@sillanolaurent1
and 7 others
Êtes vous vraiment sûre que AVZ dans sa nature de junior et de spéculateur s’inscrit il dans l’action gouvernementale et la vision du Président?

Translated from French by
Are you really sure that AVZ in its nature of junior and speculator is part of the government action and the vision of the President?


12:14 PM · Oct 1, 2022·Twitter for iPhone

Whoever it is they can get fucked