AVZ Discussion 2022

[ptlas]

Plus who owns almost 10 million shares in this company …but its not a conflict of interest but there again …”it non of our business” …A win/win …

Win/ win
Or
Wink/wink?

 

[Carlos Danger]

Can’t see the north going to AJN , just my opinion ; MoM pulled the decree , basically used Cominieres letter issued Dec 22 where they claimed that AVZ agreed to renounce the north without agreeing this with Cominierie.

MoM canceled the spilt and it now falls back under Dathcom ; if MoM felt that Cominieres beef was AVZ letting north go ; then why would she give it away to AJN?

Canceling the decree and pulling it back in line with the mining code is good and will be recorded that way I.e in line with code . Dicing it and flicking it to AJN .. well that’s just putting it back into the ‘against mining code’ heap again …. I’d be very surprised it that Congo resources / AJN JV isn’t being put under the microscope , AJN isn’t exactly by any means reputable in the DRC and has really potential of being the source of many an irregular deal within the DRC mining industry , Klaus doesn’t give two hoots about locals , shareholders or any one, who’s name isn’t Eckhof

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

 

[Charbella]

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

51% of only the South? Are you kidding me.
As we stand we currently have 60% of both North and South. Not including the 15% of Dathomir. How do we get to only 51% of the South?

 

[Carlos Danger]

51% of only the South? Are you kidding me.

I think we will get 60% of the south

Hope I'm wrong but if it's that or the DRC government seize the whole tenement and we have to spend years at the ICC I would accept it

Or take anything over 1.50 to go away

 

[ptlas]

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

Nobody can be trusted at any level.
What appears to be on the table may well turn out to be a magician's card trick.
Z would still be trying to fuck us over and Fatty would probably let them.
AJN would be going to mine and AVZ/RD would be in DRC' s sights.

 

[Carlos Danger]

Nobody can be trusted at any level.
What appears to be on the table may well turn out to be a magician's card trick.
Z would still be trying to fuck us over and Fatty would probably let them.
AJN would be going to mine and AVZ/RD would be in DRC' s sights.

Yeah I 100% agree. I've backed the bod fighting for our rights all the way. But the DRC government has a shit tonne of leverage on us right now and I reckon they have decided to safeguard supply for their battery plants by controlling CDL.

Maybe the north JV won't be with AJN. Could be with someone else. Possibly the gringos.

 

[Samus]

Problem is there is too much rampant speculation, this is where management need to keep shareholders in the loop to a greater extent imo. I'd assume something similar to @obe wan above but it'd be nice to have a position confirmed officially from management.
I'd hope they give us a report soon based on the factual details surrounding the situation once those details are established.
Not holding my breath after the past 10 months though.

 

[Samus]

Yeah I 100% agree. I've backed the bod fighting for our rights all the way. But the DRC government has a shit tonne of leverage on us right now and I reckon they have decided to safeguard supply for their battery plants by controlling CDL.

Maybe the north JV won't be with AJN. Could be with someone else. Possibly the gringos.

View attachment 29348

Just as likely they've backed down on the north because the split goes against their mining code and the Presidents wishes.
They aren't going to admit to any of that of course.
We need some clarity before making too many assumptions.

 

[TDITD]

It's too politically risky for Felix to have Zijin involved in Manono right now considering the IGF report and heat from the gringos. More likely they will be given a pathway to buy into the project at a later date. Easiest way to do that is through buying out AJN to acquire the north that Dathcom waived after the DFS is complete imo
View attachment 29336

It does seem as if wires were crossed or MOM has not yet been captured by the Chinese $$.

I still believe that The Scummy German was in league with Mupande to give away the ‘Northern’ portion away to AJN and a deal had already been verbally agreed to sell it off to Zijin. He was the only one in for Manono ‘north’ practically before the split even happened so fkn obvious.

But Antoinette cancelled the decrees, which she would not have done so if she had recently been captured by Zijin/Chinese. This has thrown a spanner in Klaus and Mupandes plans.
Unless of course Zijin believe they can now capture the whole prize (greedy Chinese, never!)

PR13559 Cannot be just taken off of us, that would be disastrous for Felix’s world tour declaring DRC open for business. So that’s AJN out Klaus gone,but he won’t stop weaseling

But Zijin these are the gold standard fucktards. They apparently pulled out after being caught out by IGF, they deliberately paid far less as they didn’t want to actually pay market price, illegally and Cominiere denied our ROFR.

They own nothing right now, but have thrown so much mud even our own holders, smart holders, level-headed holders, astute and good people are confused as to who owns what and saying we need to negotiate with IGF reported Criminals. They hold nothing, Cominiere do.

Our fight seems to be with Cominiere, who it appears Zijin are using as a proxy. It’s amusing Cominiere have said nothing about their dealings with Zijin, yet they are so against us who have furthered the project without them lifting a hand and so into the bribe laden Chinese. Is gifting an epipen a bribe ?

A meeting together with MOM, Felix & where we tell him directly of our plan for that 15% and offer of percentage in AVZ. We can then ask him if we offer that to Cominiere who IGF have correctly caught out as criminals and that $$ will go missing, OR do we offer that directly to the state who will decide for Cominiere.

If we can bypass Cominiere and enter into negotiations directly with DRC for the 15%, the state profits not the criminals oops I meant Cominiere (same same) and we can finally get moving.

Is this what we are looking to do right now?

 

[Onthefm]

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

Mate you have no need to worry about the nige. He always seems to look after himself exceedingly well.

 

[JNRB]

Yeah I 100% agree. I've backed the bod fighting for our rights all the way. But the DRC government has a shit tonne of leverage on us right now and I reckon they have decided to safeguard supply for their battery plants by controlling CDL.

Maybe the north JV won't be with AJN. Could be with someone else. Possibly the gringos.

View attachment 29348

DRC can legislate that extracted resources be processed in-country. They don't have to rely on majority ownership. That would be devestating to foreign investment, as would taking the resource from AVZ.

Also, I believe AVZ's offer for extra % of dathcom involved giving DRC some shares actually in AVZ (can't remember when that was discussed though)

Best and fastest option for DRC to see benefit from Manono is to boot dodgy actors and AVZ to develop. All the issues come from people that are not acting in DRC best interest. They had free reign to do so till now, but it's clear that's no longer the case. Will they push their luck on AVZ at risk of being booted out of their position entirely? It's all our nothing for Zijin maybe, but not all the corrupt ministers. They may give in on fighting avz lest they lose their cushy ministerial jobs

 

[ptlas]

Great discussion, great posts, but I still don't have a bloody clue what is really happening.

As @Sammael says it's time for the board to clarify things. Dead right but we know they almost certainly won't.

Overall, I remain upbeat. The fact that we're still in the game is a huge achievement and the tide is coming in.
Convinced we won't finish with nada but I have no idea how this will pan out.

Chin up chaps/lasses

 

[TDITD]

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

This is why we need to be in a room talking with them
Then we can tailor around what they want, “we have Manono ready for construction Felix, we can do the same for CDL in less time, we know this patch like the back of our hands, we have built up some goodwill so lets continue it with CDL, with us as partners you know everything is above board and we will fulfill our duties to the local population in Manono, they want us here and we want to be here”.
If they want more of CDL we can work shit out.
Remember we are offering them shares in AVZ, DRC gets dividends and ownership of a portion of AVZ which will continue to be worth more with expansions and battery plants.
Any deal with us is going to be better optics, better for the people, better for the state…..ffs why is this so hard

 

[DiscoDanNZ]

Great posts people, I've finally managed to catch up here. It just feels like were stuck on a fucken roundabout at the moment though doesn't it...

Heres the live traffic cam of the DRC Manono roundabout, see if you can spot AVZ trying to enter...

 

[Sammy_da_Smile]

My on the ground sauces (tomato) has informed me that the office lights were on all night …we must have someone at head office burning the candle ….Fuck rumours again …its just the AVZ book keeper doing our BoD monthly pays
View attachment 29340
View attachment 29341
View attachment 29342
View attachment 29343
View attachment 29344

 

[Modo]

I think we will get 60% of the south

Hope I'm wrong but if it's that or the DRC government seize the whole tenement and we have to spend years at the ICC I would accept it

Or take anything over 1.50 to go away

At 78c the market has priced in worse.

If can maintain 60%, do a new deal with CATL, the SP will come good, after a flash sale.

 

[tonster66]

I said months ago on HC, the bad guys are not going away. We remove one hurdle and they put another one in front of us.
Entertain a sale. Negotiations and agreements don't mean much to the bad guys. There would not be any trust if we had to work together.

Totally agree, no trust

 

[Mr Inappropriate]

Plus who owns almost 10 million shares in this company …but its not a conflict of interest but there again …”it non of our business” …A win/win …

And the insurance cover for Directors, paid for by us, just went through the roof. A coincidence, I’m sure.

 

[Onthefm]

And the insurance cover for Directors, paid for by us, just went through the roof. A coincidence, I’m sure.

I'm surprised they are insurable. That's the best deal they have ever made. I'll bet you that deal is rock solid.

 

[TDITD]

One thing need to be clear, zijin did not buy the 15% illegal, cominiere/MoP sold it illegal. Zijin made a offer and they accept it. The sold of was a breach of the jv contract and avz preemptive rights. So zijin can always use the argument that they don’t know it and just made a offer which was accepted by the government.

That’s why they now playing the I‘m a angel role and just want to progress the project, but bad avz is against it and take everything hostage, so we need to go against them.

The deal between zijin and cominiere was made 18 months ago. The government did not cancel it. Everyday they have the chance to do it but they don’t. There is no way to trust the government or believe they act to help us.

Zijin don’t want to go, they will fight in the ICC as long as they can. After one year waiting for the first session this icc case can take many months maybe year/s.

But the government clearly showed now they don’t want to wait, and they don’t want to cancel the zijin deal. Instead they canceled the ML. If there is no new decree until the end of February or begin of march it seems the 30 days timeline after the favorable technical decision is not active anymore. What I believe is absolutely not a good sign.

The drc is not doing things according to their laws. Any idiot should have learned that out by now. But I have the feeling our management believe they act good or believe what ever their lawyers told them. We still waiting for 2 years for the ML and now we are more away then before. I think our management will drive the bus into the tree. With their intransigence when it’s better to give up and renegotiate. I have the bad feeling they will fight until nothing left.

New axinocapital article stated:

„The suspension of AVZ Minerals shares from stock exchange trading will only end once the legal dispute has been finally decided. It is currently not possible to estimate when this point in time will have come. The shareholders must therefore expect that the suspension of the AVZ Minerals share from stock exchange trading will be repeatedly extended by two or four weeks in the coming weeks.“

So best management stay in country in meetings with officials till it's sorted
An best we don't fold for the Zijin and do their job for them.