So we haven’t even got a ministerial decree for the tenement is that what you’re saying? Because our managers took the word of some prick that we could only have half. And copped it sweat only to find out it was bulshit. So where was the dd regarding the prick that said only half. I mean isn’t it a managers job to suss this shit out before making a decision? Honestly it's time for bod to lay their cards on the table for sh to make their own decisions on their investment. Not that we can sell or buy.
Remember these are just my ramblings based on a bag of information crumbs which I reckon everyone has been fed at various times over the last 8 months , be it on the bird , mutterings from roadshows or announcements…. I’m sure there’s many jigsaws out there .
Your question -‘ so we haven’t got the mining decree for the tenement’
As per AVZ announcement - ‘The ministerial decree
excludes a Portion of land to the North which will blah blah blah which will be
required (
hasn’t been yet ) to be renewed under a 5 year exploration permit ‘
It’s a decree is for award of a mining licence , so it covers the mining licence to to South ; but as the north was referenced as requiring a permit to be renewed as an ‘exploration’ ; the ministerial decree for a mining licence effectively wouldn’t cover that.
So South is covered by the decree ; north isn’t.
Based on my view , since DG ( the issuer of the assessed application ) slipped something in there ( stated FT made decision to split ) , which was untrue and diverted the course of the mining licence application from the typical Mining code rails ; then if AVZ found this then , now or down the line , then AVZ would be well within their right to pull the hand break and have that overturned ; which is what’s being done imo.
For me it just offers a bit more logic than DG just not feeling like pressing the calculator buttons today or for over the last 8 months.
If AVZ have sorted this out and it’s been realigned with the mining code ; then the decree should be getting reissued covering both North and South is what I reckon .
There was a lot of commentary about that DG of CAMI Twitter account and If it was real or not ; that accounts been opened about 10 years ; very little activity on it over that time ; apart from a few tweets where he seemed to go off the handle at some AVZ holders where he stated some randoms as to why AVZ shouldn’t get the North e.g didn’t explore up there , too much on their plate with the south , only speculative exploration company ….. sounds like the sort of views one would have on reviews on initial applicant … so I’m more in the ‘it’s a real account , as opposed to fake ‘
Remember DG approves / reviews these applications , I reckon he said they were going to renew under the 5 year extension ; but he did his back if a ciggy packet review and already had AJN sitting in the lobby with their 5 pages half licked application.
AVZ would have applied for the entire tenenent to be covered by mining licence ; mining decree jssued only with half due to FT splitting it ( not the case ) ; If the legals have done there job and the FT bullshite has been taken out of the equation ; then the next ann ( excluding any extensions) should be a decree covering 13359 in its entirety .
Whether the line in the same paragraph, as provided in earlier post will have any weight that may lead to some adjustments ; who knows …
‘Discussions of ongoing terms of the JV agreement to be finalised’
As I’ve said these are just my ramblings ; I’m sure others will have their own versions which they have pieced together