AVZ Discussion 2022

[Mr Inappropriate]

You can ask my women what they have to say in this connection

Please tell me what do you think will happen?
Do you believe the president will now start to act in our favour and remove all bollocks?

Well if that happens there will definitely be no premature ejaculation.

 

[Birdman7]

‘You can ask my women what they have to say in this connection’.... ‘Dick pictures’.... you sound like a real catch .

I'm pretty sure, you were also the first to run out of the hedge screaming ‘nigel isn't in the DRC’ when Marius said he was in Kinshasa and NF was ready to return to Kinshasa’ ... Nigel has been in DRC for around 3 weeks now; he was back in Oz for a short stint prior to that...where was he before that? ..he was in DRC; did you know, believe it or not, Nigel spent around 7 months in DRC last year too; sometimes I do have to pull my eyeballs back down into their correct position, as they flip to focus on the inside of the top of my skull when reading regurgitated statements ‘management should be in DRC’ / ‘Management are doing nothing ‘ ..... When the opposite is, where the truth is.

I think the case has been, that Management have strictly followed a hard legal path and by doing the right thing,that eventually they’d weather the corruption storm and break out the other end....this tact may indeed prove true, but corruption content has proved to be high within a system which they’ve tried to guide their way through and so it's proving to be a very drawn out process indeed.....

We know that AVZ have had several meetings between late June to November ; the conclusion of these meetings should have resulted in a summary reports of these meeting....( anyone that was in attendance at the road shows in early Novemeber would certainly have noticed NFs confidence that the ML was about to pop) ..what sort of reporting was served up, to be signed off in mid to late November? Answer a plate of shite, a report that was bias towards AVZ, it's contents excluded proposals of infrastruture investments and so forth ; AVZ declined go sign that report, as it was a false representation of their intents...did MoP expect AVZ to sign it on review..she’d obviously would have liked AVZ to have swallowed that pill, after 6 months of burning time MoP she had compiled an unsignable report that was to be submitted to the head of state...AVZ didn't sign, but we were still in stuck in MoPs wear them down it time plan; we were still stuck in the damp trenches and pushing forward by keeping quite and letting the legal system work it all out ; corrupt individuals and even more so, when supported by other corrupt individuals in a system, do not follow the law all the way down the track ; they will deviate from it in order to try and reach their goal; so there's a lot of one step forward and two steps back and visa versa, in how AVZ have been tracking.

Ministers are appointed for a reason; they’re the equivalent of any managerial team within any company ; they control various departments as the CEO can't be expected to run each and every department by him/herself ; ministers are trusted with doing their jobs without the requirement for presidential intervention...problem is that now MoP has a red light on her head, and a number of other ministers, including the PM have fallen under the spotlight ; Felix was never going to come running through the door swinging the sword in the first few months ; remember meetings which were to be arranged between FT, Marius / AVZ we're effectively scuttled before dates were even penciled in by the distractors

FT trusted his ministers, the ICF report started to dismantle the MoP ; the unsigned summary report and reasons why it never arrive....who knows , maybe even why it it only arrive half baked ( without AVZ signature) , is likely to have opened up some kinks in her armour.

The MoM’s pulling of the decrees on the 6th of Feb -’urgency, harmonious, healthy cooperation’ has basically pulled the hand break the long legal zombie walk. As Marius has said MoM, was not associated with the irregular said of the 15%, she knew of the sale of the 15% but couldn't take any action due to ‘coordination problems’.

We know that the case against comminere was agreed to be withdraw by both AVZ and Cominiere at least from lumbumbashi court a week or two after the Feb 6th decree ; so fair call, (considering that management have also been in DRC for the bulk of the time between the decree and and now) , is that parties have come to the table to work towards a conclusion, from where id assume another report will be ( has been?) generated, but in this case it's not being selectively compiled by MoP; these discussions will be accounting how we have gotten to this point in time ; how things haven't moved along so smoothly.

I don’t think FT is anti AVZ, I do think that it would have been difficult for him to start countering decisions made by his ministers, as it would clearly point to dysfunction / corruption within a government led by him. Marius is respected with the DRC, him speaking publically on TV twice last week would have tenderised some of those feelings of respect apparently many within the public have towards MoM.

AVZ following the correct part ( maybe not as effective in DRC ), and followed the mining code to a tee ; Marius Mihigo and Christain Lukusa ( highly respected by FT) leading the way, but with highlighting grit which makes things a hell of a lot easier for FT to act on.

AVZ were already in the DRC well before you lost your load on the footpath @Schemozzle. What day was the Marius Mihigo broadcast shot? Where in Kinshasa and when was the NF and JC ‘men in black’ shot taken? Some say a large meeting was scheduled the week before, only for the Macron visit which pushed things out....i wonder if a follow up visit happened.

politico pulling articles and a number of old AFR Avz related tweets getting deleted is also interesting FWIW

Another outstanding post. Thanks OBE

 

[Mr Inappropriate]

‘You can ask my women what they have to say in this connection’.... ‘Dick pictures’.... you sound like a real catch .

I'm pretty sure, you were also the first to run out of the hedge screaming ‘nigel isn't in the DRC’ when Marius said he was in Kinshasa and NF was ready to return to Kinshasa’ ... Nigel has been in DRC for around 3 weeks now; he was back in Oz for a short stint prior to that...where was he before that? ..he was in DRC; did you know, believe it or not, Nigel spent around 7 months in DRC last year too; sometimes I do have to pull my eyeballs back down into their correct position, as they flip to focus on the inside of the top of my skull when reading regurgitated statements ‘management should be in DRC’ / ‘Management are doing nothing ‘ ..... When the opposite is, where the truth is.

I think the case has been, that Management have strictly followed a hard legal path and by doing the right thing,that eventually they’d weather the corruption storm and break out the other end....this tact may indeed prove true, but corruption content has proved to be high within a system which they’ve tried to guide their way through and so it's proving to be a very drawn out process indeed.....

We know that AVZ have had several meetings between late June to November ; the conclusion of these meetings should have resulted in a summary reports of these meeting....( anyone that was in attendance at the road shows in early Novemeber would certainly have noticed NFs confidence that the ML was about to pop) ..what sort of reporting was served up, to be signed off in mid to late November? Answer a plate of shite, a report that was bias towards AVZ, it's contents excluded proposals of infrastruture investments and so forth ; AVZ declined go sign that report, as it was a false representation of their intents...did MoP expect AVZ to sign it on review..she’d obviously would have liked AVZ to have swallowed that pill, after 6 months of burning time MoP she had compiled an unsignable report that was to be submitted to the head of state...AVZ didn't sign, but we were still in stuck in MoPs wear them down it time plan; we were still stuck in the damp trenches and pushing forward by keeping quite and letting the legal system work it all out ; corrupt individuals and even more so, when supported by other corrupt individuals in a system, do not follow the law all the way down the track ; they will deviate from it in order to try and reach their goal; so there's a lot of one step forward and two steps back and visa versa, in how AVZ have been tracking.

Ministers are appointed for a reason; they’re the equivalent of any managerial team within any company ; they control various departments as the CEO can't be expected to run each and every department by him/herself ; ministers are trusted with doing their jobs without the requirement for presidential intervention...problem is that now MoP has a red light on her head, and a number of other ministers, including the PM have fallen under the spotlight ; Felix was never going to come running through the door swinging the sword in the first few months ; remember meetings which were to be arranged between FT, Marius / AVZ we're effectively scuttled before dates were even penciled in by the distractors

FT trusted his ministers, the ICF report started to dismantle the MoP ; the unsigned summary report and reasons why it never arrive....who knows , maybe even why it it only arrive half baked ( without AVZ signature) , is likely to have opened up some kinks in her armour.

The MoM’s pulling of the decrees on the 6th of Feb -’urgency, harmonious, healthy cooperation’ has basically pulled the hand break the long legal zombie walk. As Marius has said MoM, was not associated with the irregular said of the 15%, she knew of the sale of the 15% but couldn't take any action due to ‘coordination problems’.

We know that the case against comminere was agreed to be withdraw by both AVZ and Cominiere at least from lumbumbashi court a week or two after the Feb 6th decree ; so fair call, (considering that management have also been in DRC for the bulk of the time between the decree and and now) , is that parties have come to the table to work towards a conclusion, from where id assume another report will be ( has been?) generated, but in this case it's not being selectively compiled by MoP; these discussions will be accounting how we have gotten to this point in time ; how things haven't moved along so smoothly.

I don’t think FT is anti AVZ, I do think that it would have been difficult for him to start countering decisions made by his ministers, as it would clearly point to dysfunction / corruption within a government led by him. Marius is respected with the DRC, him speaking publically on TV twice last week would have tenderised some of those feelings of respect apparently many within the public have towards MoM.

AVZ following the correct part ( maybe not as effective in DRC ), and followed the mining code to a tee ; Marius Mihigo and Christain Lukusa ( highly respected by FT) leading the way, but with highlighting grit which makes things a hell of a lot easier for FT to act on.

AVZ were already in the DRC well before you lost your load on the footpath @Schemozzle. What day was the Marius Mihigo broadcast shot? Where in Kinshasa and when was the NF and JC ‘men in black’ shot taken? Some say a large meeting was scheduled the week before, only for the Macron visit which pushed things out....i wonder if a follow up visit happened.

politico pulling articles and a number of old AFR Avz related tweets getting deleted is also interesting FWIW

Thank you @obe wan - that adds some colour and detail to the machinations that have been driving us all nuts.

 

[cruiser51]

In difficulty of the local lithium, China wants to have the monopoly of the ore in DR Congo

"Lithium, the new cold war between Westerners and Easterners in the DRC? »
NEWSECONOMY

In difficulty of the local lithium, China wants to have the monopoly of the ore in DR Congo​

March 11, 2023
Kiki Kienge

By Kiki Kienge
Lithium, the new cold war between Westerners and Easterners to the detriment of African populations who are sinking more and more into misery despite their wealth?
The national production of lithium in China for batteries and others remains much lower than the lithium imported and processed in China.
China is the world's largest producer of batteries, notably holding more than half of the world's lithium refining, but at least 70% of its supplies depend on foreign countries.

With the spectacular rise in the price of lithium reaching record figures (+/- 80,000 $US) and the shortage on a global scale, China is trying everything to control the production of global lithium.
The extraction of the rock containing lithium of lower Chinese quality, the lepidolite of Yichun which contains less than 1% of lithium, in particular the high cost for production, causes many problems of environmental pollution and cannot compete with lithium countries like DR Congo, Argentina or Zimbabwe for example. For one ton of lithium carbonate processed from Yichun lepidolite, generates at least 200 kilos of polluting waste depending on the quality of the ore. Which must often be treated in basins which represent great risks of water pollution.

For its part, the Chinese battery giant, CATL, which bought 24% at US$240 million of the shares in the Manono Lithium project in the province of Tanganyika in the Democratic Republic of Congo. In its project in Yichun, declared to be in compliance with Chinese environmental laws and regulations.

The country of Mao Zedong , would control most of the lithium produced from Argentina to Zimbabwe, via Bolivia and now seeks to get its hands on the largest deposits of hard rock lithium in the Democratic Republic of Congo. A high quality lithium, which does not require a lot of investment for its refining and has less impact on the environment.
China does not want to lose its leading position as a producer of batteries for electric vehicles, a particularly geopolitical war against its rival, the United States and Europe for control of the future energy of global mobility.

In the Democratic Republic of Congo, we are witnessing a merciless war where all shots are allowed, of the Chinese group ZIJIN against the Australians of AVZ Minerals for the management of lithium in Manono.
After having invested more than 100 million $US for the feasibility study which led to the discovery of the lithium deposit in Manono, notably owning in Dathcom (joint venture between the Congolese state company COMINIERE and AVZ) 60%, plus 15 % still in conflict bought in Dathomir from the Chinese Simon Cong , the Australians of AVZ Minerals saw their exploitation license canceled by the Ministry of Mines of Congo, “following the conflicts” between partners in Dathcom.

The Chinese group ZIJIN, to be part of the Manono Lithium project had tried to buy 15% of the shares of COMINIERE, something which was deemed illegal by the General Inspectorate of Finance (IGF body under the supervision of the presidency of the Congolese Republic ) at US$33 million than 150 million of its real value. Not giving up, ZIJIN would try political and communication tricks to achieve his ends at all costs, to have the monopoly of Congolese lithium.

We are witnessing in particular in the Democratic Republic of Congo visits from high Western authorities, the United States, France, Belgium... so as not to shift too much from the control of the strategic minerals that Lumumba 's country abounds in favor of the People's Republic of China , which already controls more than 70% of copper, 80% of cobalt and more or less the same on coltan, gold and other mining resources of the DR Congo.

 

[Strongman]

‘You can ask my women what they have to say in this connection’.... ‘Dick pictures’.... you sound like a real catch .

I'm pretty sure, you were also the first to run out of the hedge screaming ‘nigel isn't in the DRC’ when Marius said he was in Kinshasa and NF was ready to return to Kinshasa’ ... Nigel has been in DRC for around 3 weeks now; he was back in Oz for a short stint prior to that...where was he before that? ..he was in DRC; did you know, believe it or not, Nigel spent around 7 months in DRC last year too; sometimes I do have to pull my eyeballs back down into their correct position, as they flip to focus on the inside of the top of my skull when reading regurgitated statements ‘management should be in DRC’ / ‘Management are doing nothing ‘ ..... When the opposite is;where the truth is.

I think the case has been, that Management have strictly followed a hard legal path and by doing the right thing,that eventually they’d weather the corruption storm and break out the other end....this tact may indeed prove true, but corruption content has proved to be high within a system which they’ve tried to guide their way through and so it's proving to be a very drawn out process indeed.....

We know that AVZ have had several meetings between late June to November ; the conclusion of these meetings should have resulted in a summary report of these meeting....( anyone that was in attendance, at the road shows in early Novemeber would certainly have noticed NFs confidence that the ML was about to pop) ..what sort of reporting was served up, to be signed off in mid to late November? Answer a plate of shite, a report that was bias towards AVZ, it's contents excluded proposals of infrastruture investments and so forth ; AVZ declined go sign that report, as it was a false representation of their intents...did MoP expect AVZ to sign it on review..she’d obviously would have liked AVZ to have swallowed that pill, after 6 months of burning time, MoP had compiled an unsignable report which was to be submitted to the head of state...AVZ didn't sign; but we were still in stuck in MoPs wear them down with time plan; we were still stuck in the damp trenches and pushing forward by keeping quite and letting the legal system work it all out ; corrupt individuals and even more so, when supported by other corrupt individuals in a system, do not follow the law all the way down the track ; they will deviate from it in order to try and reach their goal; so there's a lot of one step forward and two steps back and visa versa, in how AVZ have been tracking.

Ministers are appointed for a reason; they’re the equivalent of any managerial team within any company ; they control various departments , as the CEO can't be expected to run each and every department by him/herself ; ministers are trusted with doing their jobs without the requirement for presidential intervention...problem is that now MoP has a red light on her head, and a number of other ministers, including the PM have fallen under the spotlight ; Felix was never going to come running through the door swinging the sword in the first few months ; remember meetings which were to be arranged between FT, Marius / AVZ we're effectively scuttled before dates were even penciled in by the distractors

FT trusted his ministers, the ICF report started to dismantle the MoP ; the unsigned summary report and reasons why it never arrive....who knows , maybe even why it had , but only arrive half baked ( without AVZ signature) but advised to read , is likely to have opened up some further kinks in her armour.

The MoM’s withdrawal of the decrees on the 6th of Feb -’urgency, harmonious, healthy cooperation’ has basically pulled the hand break on the long legal zombie walk. As Marius has said MoM, was not associated with the irregular sale of the 15%, she knew of the sale of the 15% but couldn't take any action due to ‘coordination problems’.

We know that the case against comminere was agreed to be withdraw by both AVZ and Cominiere at least from lumbumbashi court a week or two after the Feb 6th decree ; so fair call, (considering that management have also been in DRC for the bulk of the time between the decree and and now) , is that parties have come to the table to work towards a conclusion, from where id assume another report will be ( has been?) generated, but in this case it's not being selectively compiled by MoP; these discussions will be accounting how we have gotten to this point in time ; how things haven't moved along so smoothly.

I don’t think FT is anti AVZ, I do think that it would have been difficult for him to start countering decisions made by his ministers, as it would clearly point to dysfunction / corruption within a government led by him. Marius is respected with the DRC, him speaking publically on TV twice last week would have tenderised some of those feelings of respect apparently many within the public have towards MoM.

AVZ following the correct part ( maybe not as effective in DRC ), and followed the mining code to a tee ; Marius Mihigo and Christain Lukusa ( highly respected by FT) leading the way, but with highlighting grit which makes things a hell of a lot easier for FT to act on.

AVZ were already in the DRC well before you lost your load on the footpath @Schemozzle. What day was the Marius Mihigo broadcast shot? Where in Kinshasa and when was the NF and JC ‘men in black’ shot taken? Some say a large meeting was scheduled the week before, only for the Macron visit which pushed things out....i wonder if a follow up visit happened.

politico pulling articles and a number of old AFR Avz related tweets getting deleted is also interesting FWIW

Yep great post mate...clear and concise as usual

 

[LX600]

Thought for the week:

Do you prefer AVZ’s current position - refusing corruption and still no ML or join the corruption play and be caught sooner or later like A11?

 

[Flight996]

obe wan you make some interesting points.

At this stage of the game AVZ is in an existential fight, and has nothing to lose and everything to gain by publicly calling out the corrupt officials and those who corrupt them.

Pussy-footing around the issue and claiming the moral high ground over the past year has proven a failed strategy.

I think AVZ, including its advisor and legal representatives are now embarking on a new strategy: Applying pressure ahead of the ICC sponsored arbitrations in April. Hopefully, DRC focused social justice groups will also continue to name names and pressure the DRC government and their Chinese masters to negotiate in good faith.

Cheers
F

 

[Mr Inappropriate]

Thought for the week:

Do you prefer AVZ’s current position - refusing corruption and still no ML or join the corruption play and be caught sooner or later like A11?

That’s an odd question to pose…

1. In a corrupt world there are a tiny number of winners and a massive number of losers. The people of the DRC are trying to lift themselves out of poverty by the bootstraps. I for one don‘t want to have any part in slowing their progress.
2. Do you think we could out-corrupt the Chinese? They would turn it against us and we’d be out the door in a heartbeat.
3. Why, having played by the rulebook for years, would we put it all at risk at this late stage by slinging around snacks and favours?
4. It’s illegal under Australian law.

Sometimes the good guys win too.

 

[Flight996]

Thought for the week:

Do you prefer AVZ’s current position - refusing corruption and still no ML or join the corruption play and be caught sooner or later like A11?

Mate, that's a loaded question like: Would you prefer being stabbed or shot to death (I prefer option three)

Cheers
F

 

[BEISHA]

What will next week reveal……somethings happening imo?

Five interesting events to consider as a collective of activities in the last few weeks:

1. TIA is extended to same date as TH extension. We have been told before it will take them a few weeks to finalise the TIA after the ML is awarded…..so why only extend TIA to the same date and not end of April?

2. AVZ withdraw court action against Comminiere for the ROFR 15% sold to Z. Why do that now? What is the compromise being negotiated here?

3. AVZ via agent Jens requests Shareholders ease off the twitter communication offensive against the DRC ministries for a week. Why?

4. Marius doing the rounds of talk shows giving interviews and getting the truth out to the wider DRC community. Why now?

5. Nige and John pictured in suits in Kinshasa. Why? Who are they meeting? Unusual for pics to emerge like this….and Nige needs to update his tie collection from the 80’s.

Something going on…but what?

Will Dathcom be awarded the ML for entire 13359 now AVZ have rolled over and withdrawn court case for 15% ROFR?

Hmmmm…. Interesting week coming up I think

Sorry Chilla for my ignorance...........

But where did you get this info from ?

2. AVZ withdraw court action against Comminiere for the ROFR 15% sold to Z. Why do that now? What is the compromise being negotiated here?


And if indeed that is the case, then where does that leave the ICC arbitration case between Zijin v AVZ ?

 

[Winenut]

I'm still waiting for some official announcement and guidance from management on what has happened/is happening with AVZ, Manono, The DRC Government, Felix, various ministers, Dathcom partners, relevant mining authorities and the various legal challenges and arbitrations

As a shareholder I shouldn't have to put up with reading social media and forum posts to try and get some idea of what's going on

I still have a genuine concern that some shareholders are either receiving privileged information or purporting to be "in the know" from sources closer to Management or AVZ's trusted advisors

I still genuinely appreciate the discussion and the sharing of thoughts and opinions but at the end of the day it's meaningless or at worst potentially "leak driven" with it's own inherent disclosure issues

Surely shareholders can be provided with something official without AVZ's position being completely compromised

 

[Carlos Danger]

Sorry Chilla for my ignorance...........

But where did you get this info from ?

2. AVZ withdraw court action against Comminiere for the ROFR 15% sold to Z. Why do that now? What is the compromise being negotiated here?


And if indeed that is the case, then where does that leave the ICC arbitration case between Zijin v AVZ ?

 

[Rediah]

Initially when we went into suspension and came to know about Zijin etc, I thought we should have paid the DRC, given them the snacks to get our project moving, should have went to bed with Chinese.

But now, 10 months later, even doing the right thing we are still the ‘bad guys”.

Imagine what 2 cent Tommy and Boatman would have done to us had we bribed the DRC officials, how bad it would have looked in IGF report and through constant barrage of AFR articles and how easy it would have been for ICC, local NGO’s, MoP, MoM and FT etc. to kick us out of the country.

So, I am hoping that the good guys will win.

 

[BEISHA]

View attachment 31915
View attachment 31916

Thanks Carlos, what date was this document?

I am trying to correlate that with the ASX announcement which I cannot find.

 

[CHB]

Thanks Carlos, what date was this document?

I am trying to correlate that with the ASX announcement which I cannot find.

AVZ Discussion 2022

Wow after all this time still haven't had the opportunity to meet the president.

thestockexchange.com.au

13th of feb? around there

 

[John25]

I'm still waiting for some official announcement and guidance from management on what has happened/is happening with AVZ, Manono, The DRC Government, Felix, various ministers, Dathcom partners, relevant mining authorities and the various legal challenges and arbitrations

As a shareholder I shouldn't have to put up with reading social media and forum posts to try and get some idea of what's going on

I still have a genuine concern that some shareholders are either receiving privileged information or purporting to be "in the know" from sources closer to Management or AVZ's trusted advisors

I still genuinely appreciate the discussion and the sharing of thoughts and opinions but at the end of the day it's meaningless or at worst potentially "leak driven" with it's own inherent disclosure issues

Surely shareholders can be provided with something official without AVZ's position being completely compromised

You beat me too it Nut …exactly
Why should 99% of SH’s be informed by a selected few …Good Leadership comes with responsibility like …Accountability /Communication /Transparency & Trust …Sorry but no one is going to follow you if in yourself you seem not to know whats happening

Whats wrong with announcements that so & so is in the DRC to attend such meetings with whom …no real detail needed but as most of us dont seem to be privy of basic information …just plain old guess work but honestly how hard would that be to keep SH’s informed of events /meetings

Its nice to see certain SH’s in the so called inner circle ,playing golf or knowing the where abouts of Leadership & expect the rest of us to meander along for months clueless of what is actually happening

Basic PR with Manono citizens …regular pics of campsite /progress in town activities ,if our leadership is in town they should be proactive with the local community .Our MD /BoD are paid well for being away from home ,in fact they signed up for the gig KNOWING

 

[BEISHA]

AVZ Discussion 2022

Wow after all this time still haven't had the opportunity to meet the president.

thestockexchange.com.au

13th of feb? around there

These are the OFFICIAL ASX announcements for February...AVZ

a) 6/2...............ISSUE OF 2 NEW MINISTERIAL DECREES ( harmony bullshit , no mention of court case with Cominiere dropped )

b) 10/2............CLARIFICATION on SUSPENSION AND AFR ARTICLES ( Talking about inaccurate info about Marius, no mention of court case with Cominiere dropped )

c) 28/2...........EXTENSION OF SUSPENSION...............zzzzzzzzzzzzzzzzzzz

28/2...........FURTHER POSITIVE RESULTS FOR RD...........Good, but who gives a fuck right now...

28/2...........EXTENSION OF TIA WITH CATH............zzzzzzzzzzzzzzzzz


So a court case dropped with Cominiere regards to 15% ROFR ( worth multi , multi, multi millions ) not worthy or price sensitive enough to mention ?

Thank god for the amazing sleuths at TSE to provide a bit of truth !!!


FFS

 

[CHB]

These are the OFFICIAL ASX announcements for February...AVZ

a) 6/2...............ISSUE OF 2 NEW MINISTERIAL DECREES ( harmony bullshit , no mention of court case with Cominiere dropped )

b) 10/2............CLARIFICATION on SUSPENSION AND AFR ARTICLES ( Talking about inaccurate info about Marius, no mention of court case with Cominiere dropped )

c) 28/2...........EXTENSION OF SUSPENSION...............zzzzzzzzzzzzzzzzzzz

28/2...........FURTHER POSITIVE RESULTS FOR RD...........Good, but who gives a fuck right now...

28/2...........EXTENSION OF TIA WITH CATH............zzzzzzzzzzzzzzzzz


So a court case dropped with Cominiere regards to 15% ROFR ( worth multi , multi, multi millions ) not worthy or price sensitive enough to mention ?


View attachment 31920



Thank god for the amazing sleuths at TSE to provide a bit of truth !!!


FFS

what court case?

 

[Carlos Danger]

Thanks Carlos, what date was this document?

I am trying to correlate that with the ASX announcement which I cannot find.

AVZ Discussion 2022

Wow after all this time still haven't had the opportunity to meet the president.

thestockexchange.com.au

13th of feb? around there

The date of the judgement was February 7th

 

[wombat74]

Obviously Management would have preferred to had this all closed off by now and back trading , but apparently AVZ, though disappointed to have to go through the process , are happy enough to run it to ICC if that’s what it takes ; legally they feel comfortable; some will recall at the RS that NF said that he was happy to hear from some shareholders that they were happy to / prepared to wait it out and see it going to ICC.

Obviously it’s a pain in the ass as it’s become a very lengthy and drawn out affair ; Zijin I reckon would have hoped that they would have pressurised AVZ into getting them to the table long before now , by firing the ICC ‘rubber bullet’ over the bow ;it hasn't happened , last I heard , AVZ weren’t even communicating with Zijin ,as they considered it was an issue between Cominiere and Zijin , not between Zijin and AVZ even though Zijin tried to stoke something that way…. and on the other side AVZ against Cominiere for not keeping within the lines of the ROFR, We’ve seen this cases between Cominiere has been mutually withdrawn ; the Zijin V AVZ is abit of a head scratch but how and ever Zijin have called it . Hopefully the case being dropped is a hint that they are working through this

I doubt Zijin would fancy their chances at ICC tbh ; I reckon DRC would also prefer for this thing to now track away from the ICC main event , as an incrimination ball will start to roll gathering a host of individuals on its path, hence likely one of the reasons this revoking of decree and ‘to the table’ happened.

AVZ don’t consider the Zijin affaire relevant to decision of ML ; but MoP is embroiled in the Zijin sale , as well as trying to randomly cut chunks off AVZs involvement in Dathcom through her involvement with DG Cami ; AJN , so shit is going to rise to the surface in any case even for those not directly involved in the Zijin thing.

If this was in 90% of other jurisdictions then it would be a straight to ICC ; just haul them to court ; but I reckon by now Management probably know that within the DRC there’s likely layers of corrupt individuals which will try leverage and force that ICC bus off the road ; may even get so desperate to even attempt a kamikaze move and knock the licence all together ; it’s possibly in our best interest ( if that’s what management are currently feeling) , to negotiate to some sort of agreement ; personally I can’t see Zijin getting jack shite ; I can probably see us getting the 15% ; but paying a heavy price for it and a price which will likely included and value equivalent to what Zijin reckon they paid cominiere , which will be fist-passed back to Zijin ; a couple of condition thrown in I.e no legal action towards any party afterwards ; performance conditions relevant to the north also table.

Long winded answer to your question so also in short yes , I think it’s better and Management likely know it’s better to have it all sorted this month and back trading , avoiding ICC so spotlight drops off from some corrupt government officals and from there FT can take whatever action he wishes ( or not ) out of the spotlight.

Something else we forget is this OMNI class action shit ; I think we’ve gone through enough for now ; this class action is best avoided at this stage …. Last date to register is 28th of March ; I reckon that was a desperate plan to disrupt further … will it happen .. well I’m not sure they’d get the numbers at this stage considering we are likely at the pointy end of things … who aroused this case ? It’s likely an opportunist revenue attempt by OMNI , I don’t think it will float but best avoided in any case .

Cheers. Would be great to see the finish line in clear sight before the next extension .