AVZ Discussion 2022

[Skar]

Maybe this forces Zijin to make us a decent offer ?

$1 a share and they can have my ~1,000,000 shares. Its not worth the headache.

 

[LowRoller88]

Why don’t the publish the decrees?

I agree, I would prefer to see a translated copy of the decrees so that shareholders have transparency on what is actually occurring, as opposed to the BoD cherry-picking two aspects that the decrees “acknowledge”… unfortunately they have shown time and time again that their view of the world - and what is happening in the DRC - is tenuous at best.

 

[Thaz]

$1 a share and they can have my ~1,000,000 shares. Its not worth the headache.

$2 takeover offer for me.

 

[Winenut]

I understand now why there has been a cone of silence for 9 months

Our BoD's didn't have a FUCKING CLUE what was actually going on

 

[MoneyBags1348]

Final thoughts for the week


AVZ ASX ANNOUNCEMENT

"Harmonious and healthy cooperation".... Resolving the issues with corrupt entities (Cominiere and Dathomir) before going to arbitration at the ICC. Corrupt DRC tactic compromising AVZ ownership, to lead to a quicker resolution so Tshisekedi can look good ahead of elections

"Seeking independent legal advice".... So much for Christian Lukusa and Momentum Attorneys (the bloke who conducted all legal processes and contracts, reckoned he was working 24/7, and posting on Twitter)

DON"T FORGET TO BOOK YOUR SEAT AT THE VUKA GROUP'S
DRC MINING CORRUPTION WEEK IN JUNE 2023​

​

ANTOINETTE N’SAMBA KALAMBAYI DISCUSSED WITH THE VUKA GROUP DELEGATION ABOUT DRC MINING WEEK 2023​

A Vuka Group delegation led by its Event Manager, Patricia Kazaka was received in audience this Tuesday, November 22, 2022 by the National Minister in charge of mines, Antoinette N’Samba Kalambayi in her office in Kinshasa Gombe.

Over the last 6 years in the DRC, AVZ have conducted Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community….

And still the Democratic Republic of Corruption and Director General of the DRC Mining Cadastre (CAMI) won’t grant AVZ a Mining License.... Remember this when investing in mining in Africa

A warning to all International Investors (that aren't Chinese) wanting to invest in the DRC.... Don't forget this story, it could easily happen to you!!!!​

 

[TDITD]

yes, adding the additional content within the ann; it would suggest that this thing has been pulled back behind the line and Nigel may well be required to extend his stay in SA . 'Precondition to progress' (sounds a bit lengthy) , AvZ / Momentum seemed to have been stuck in a waiting position and always just waiting for notification and invoice to be issued as they reckoned they acted all in accordance with mining code ; nothing has moved and no agreements, so now they need to get back to the table and work through it in a 'harmonious and healthy cooperation ...we've seen how cooperate Cominiere were in the MMCS ICC case...bloody hard work, but likely under FT instruction now is to get this thing moving...do Cominiere retain the 15% to Zijin and now free to open up bids for the 15% ande back to Zijin at a more palatable ... will AVZ now need to consider fucking off the ROFR and just getting on with this ? obviously as we stand there are legal constraints with ROFR etc so advise would need to be sought, but this think has clearly just popped out of the blue.

let Zijin take up the 15% if that's what's needed to get this across the line; wouldn't be an enjoyable partner at the desk, but competent miner that could lead to some good acceleration. These acknowledgements certainly doesnt sounds like it's all over, but probably suggests that we may need to bend over a bit.

View attachment 28743

I would certainly argue that its not just popped out of the blue for Zijin or Antoinette, when was that meeting she had with the Chinese Ambassador.

Very disappointing that our communication with MOM has not been enough for her to have a good knowledge base on just how much BS has been thrown our way, she should at least know about the IGF report, the fact she seems to be acting as a heavy for China/Zijin is disconcerting.

Honestly if we give 15% to the criminals it really does just open up the doors, I would much rather we sold as opposed to being cheated and stalled out of our remaining holding.

What does it say for Momentum our lawyers though, jesus christ Zijin even publically pulled out and they are still cant get rid of them. Useless all round. I was in this for dividends, I wont risk my money with Zijin onboard, after seeing what they can do to get what they want.

 

[BEISHA]

I tend to agree Beisha

All is not necessarily lost.
Surely the board can see the writing on the wall, and will bring stakeholders together and make the necessary compromises in order to get this over the line, and in the process protect their millions of free performance shares. Never bet against self interest.
This will get sorted, because if it doesn't everyone loses big time, including individual board members.

Cheers
F

I dont think things are lost..............not by a long shot!

FT doesnt want to ruffle feathers with the Chinese, cause they have a strangle hold on the DRC financially and want their pound of flesh in return, plus they could be very influencial when it comes to FT re-election prospects......positively or negatively

So essentially, FT is asking AVZ to compromise and smoothe the waters with the likes of Zijin, possibly MMCS too, which gives FT a soft landing.

So the choices..........If AVZ want to go mining, then go to bed with ZIJIN , allow them the PREEMPTION 15% but require them to pay full market value and recompense AVZ a percentage for the capital outlay to get the DFS to favourable opinion status..............demand they drop the ICC case.

ZIJIN then contributes 15% to to the capital requirements for construction of RD..........less BFS for AVZ to seek.

ZIJIN are good mining constructors, so an advantage in that regard

AVZ should also seek to obtain 100% exploration rights regards to CDL, but probably will have to offer up a JV with Zijin on generous terms.

As long as AVZ retain 51% control of Manono ( as per DRC law........whatever that means these days ), then its still a license to print money big time.

The chinese always like to win, so even tho AVZ loses pre-emption, which was never a given in the first place, then its still a WIN WIN for all parties

The other choice is a TO.............but i aint smart enuff to understand how that would play out ....

Alot more smarter posters here that could explain that one.........especially regards to bypassing FIRB.


imo

 

[Spikerama]

Maybe this forces Zijin to make us a decent offer ?

Who knows Wombie. The optics are certainly not good but surely there's a potential for all parties to work out a decent deal

 

[TDITD]

Well , what is definitive to me is....

a) Original ML decree is rescinded

b) The road block has always been the northern CDL cut off.

c) " REQUIREMENT FOR A HARMONIOUS AND HEALTHY COOPERATION BETWEEN THE DATHCOM HOLDERS AS
PRECONDITION TO PROGRESS THE MANONO PROJECT.

Sounds to me like all the Dathcom holders need to meet and greet on a round table and come to a compromise

AKA..................PLAN B


So much for the IGF report and cabinet reshuffle...........

DRC international reputation takes another dive........can it get any lower ?

FT is a weak farken prick...........all talk no action.........

Shit show just gets shittier............

DRC is one screwed up muther farken hole.!!

More extended suspension..........could be months.

MANONO project wont be mined until 2025 / 2026.

Thats my take...........happy to be corrected.


AVZ TSE posters more than ever need to stay strong and united !!

View attachment 28742


View attachment 28744


imo

ABSOLUTELY !!!!

board spill on the cards ?

 

[TDITD]

Shareholders of Dathcom are AVZ 75% and Cominiere 25%.
The 15 % sale of Dathcom which Cominiere holds has to be sorted and the 10 % of Dathcom which Cominiere holds has to be ceded to the DRC Government.
This all has to be carried out in an harmonious way.
That is the desire of the MoM, representing the DRC Government.

Wait for ICC and we go with ICC decision to take to our little harmony meeting with Dathcom
They operate and deal with a thing called LAW, bet they won't be happy for corruption and bribery to pass off as business.
get fucked Zijin, oh and what is it now the whole DRC government too ?

 

[wombat74]

I dont think things are lost..............not by a long shot!

FT doesnt want to ruffle feathers with the Chinese, cause they have a strangle hold on the DRC financially and want their pound of flesh in return, plus they could be very influencial when it comes to FT re-election prospects......positively or negatively

So essentially, FT is asking AVZ to compromise and smoothe the waters with the likes of Zijin, possibly MMCS too, which gives FT a soft landing.

So the choices..........If AVZ want to go mining, then go to bed with ZIJIN , allow them the PREEMPTION 15% but require them to pay full market value and recompense AVZ a percentage for the capital outlay to get the DFS to favourable opinion status..............demand they drop the ICC case.

ZIJIN then contributes 15% to to the capital requirements for construction of RD..........less BFS for AVZ to seek.

ZIJIN are good mining constructors, so an advantage in that regard

AVZ should also seek to obtain 100% exploration rights regards to CDL, but probably will have to offer up a JV with Zijin on generous terms.

As long as AVZ retain 51% control of Manono ( as per DRC law........whatever that means these days ), then its still a license to print money big time.

The chinese always like to win, so even tho AVZ loses pre-emption, which was never a given in the first place, then its still a WIN WIN for all parties

The other choice is a TO.............but i aint smart enuff to understand how that would play out ....

Alot more smarter posters here that could explain that one.........especially regards to bypassing FIRB.


imo

Zijin want the ML .They want control . imo

 

[TDITD]

At face value, I don't know whether the Chinese have anymore leverage than AVZ now either.

The way I see it is it's as if the Parents have just shouted at the kids for bickering over who gets to scoop however much ice cream. So they've decided to put the ice cream in the fridge and taken the spoons away and told the kids to settle down and work it out amicably because they are loosing 300K a day on a potential tax windfall.

There is of course the corruption leverage but even that seems tricky for them now.

This is so accurate, the parents being the fucking IDIOTS they are have gone an put the ice-cream in the fridge.
Honestly though, nothing to sort out with Zijin or Cong (jesus cong even got his $$ so off he goes). The Government have IGF findings for crying out loud, its not like two equals here. So if the Government are that incredibly gormless then we wait for ICC and take that to them, sorted.

 

[BEISHA]

Zijin want the ML .They want control . imo

Then in that case...................TO and lets get the fuck out.

Honestly........I have NFI.

Complete and utter head fuck!

 

[TDITD]

$1 a share and they can have my ~1,000,000 shares. Its not worth the headache.

You bastard, you've only got a headache from this

 

[Hemicuda]

Should we not be trading again?

 

[Samus]

Should we not be trading again?

Logic says yes, the reason for the initial trading halt seems to be well and truly sorted.
We are fucked on so many levels.

 

[Bull Market]

You would think so as the reason for the trading halt no longer appears to be there. It will be an ugly reopen for us holders.

 

[Dijon101]

my initial thoughts like a lot of us here was "we're fucked"
Had a shit and a shower and took a few deep breaths and thought through things on a different angle than doom and gloom.


Everyone has taken the view that it's been someone, be it comi, zinjin or such blocking progress to the ML.

What if everyone has gotten it wrong and it was AVZ that did not want to progress to ML as the terms in the ministerial decree were not favorable or to AVZ's liking.

i.e.
The ministerial decree splitting of 13359 was not to the liking of AVZ
and
the ministerial degree progressing 13359 to a PE or mining license with Zinjin as a stakeholder was contrary to AVZ's interests.

hence the statement about ongoing disagreements, conflicts and differences between shareholders that have stalled the project.


For the project to go ahead as per the mining code, with the entirety of 13359 intact and with Zinjin not a stakeholder of Dathcom. Wouldn't these previous ministerial decree's have to be rescinded and then new decree's issued? new decree's that don't split 13359 and don't include Zinjin as a stake holder of Dathcom.

Even if I'm wrong about it being AVZ not being the party stalling the progression to ML. It makes sense to me that if Zinjin got in the back door and AVZ did not want them as a stakeholder, these are the steps they'd have to go down to get Zinjin and any other unwanted stakeholders off the project.

in a nutshell "we (AVZ) are not going to production or moving forward with Zinjin as a stakeholder"

 

[CashKing]

my initial thoughts like a lot of us here was "we're fucked"
Had a shit and a shower and took a few deep breaths and thought through things on a different angle than doom and gloom.


Everyone has taken the view that it's been someone, be it comi, zinjin or such blocking progress to the ML.

What if everyone has gotten it wrong and it was AVZ that did not want to progress to ML as the terms in the ministerial decree were not favorable or to AVZ's liking.

i.e.
The ministerial decree splitting of 13359 was not to the liking of AVZ
and
the ministerial degree progressing 13359 to a PE or mining license with Zinjin as a stakeholder was contrary to AVZ's interests.

hence the statement about ongoing disagreements, conflicts and differences between shareholders that have stalled the project.


For the project to go ahead as per the mining code, with the entirety of 13359 intact and with Zinjin not a stakeholder of Dathcom. Wouldn't these previous ministerial decree's have to be rescinded and then new decree's issued? new decree's that don't split 13359 and don't include Zinjin as a stake holder of Dathcom.

Even if I'm wrong about it being AVZ not being the party stalling the progression to ML. It makes sense to me that if Zinjin got in the back door and AVZ did not want them as a stakeholder, these are the steps they'd have to go down to get Zinjin and any other unwanted stakeholders off the project.

in a nutshell "we (AVZ) are not going to production or moving forward with Zinjin as a stakeholder"

That's kinda how i looked at it, same as Amovatio's post on HC.

"Before you issue a new Licence to cover the entire region (that which AVZ is wanting) the Government would have to withdraw both licences which were originally issued.This is the first step in the process. Land titles disputes would take ages if this happened in Aus.
The next step will be to issue a new licence to cover the full mining area."

But to be honest WHO FUCKING KNOWS and FUCK THIS SHIT.....


GLTAH

 

[ptlas]

Faaaaaarrrken

Not sure what my TO price would be anymore.
I do know that Fatty wants to resolve this problem with the minimum of effort and the avoidance of squashed Chinese toes.

Election looming.

I can be an obtuse SoB, my initial reaction is to play hardball and let the clock run down as it appears we have enough $$ to wait it out.
Let Fatty worry about the election while we keep screaming from MB's play book about the corruption and injustice.

And get rid of those FW lawyers and slash all unnecessary costs.

Or maybe we play the game get fucked over and end up with 50c.

To continue Spike's brilliant analogy.
Just say no.
Nobody gets ice cream unless we get the share we were promised.