AVZ Discussion 2022

[Remark]

Announcement time...

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

 

[JNRB]

FROM ELPHA ON THE CRAPPER

Good morning AVZ ers

Long time no speak.

Some 'unofficial' news out of the DRC this morning. If the below account is true and President did indeed visit Manono last week, then I'd opine that he wanted to see & hear for himself the real situation at Manono prior to providing a possible presidential order for an ML (for the entirety of PR13359?) to be awarded to Dathcom.

With some clarity from Marius Mihigo plus an election looming, I have a feeling he is close to providing a decision one way or another.

And FWIW, the COO from Cominiere has just dug his own grave IMO by misleading the DRC Govt and stamping it with public comments made via a recent TV interview. https://hotcrapper.com.au/styles/default/xenforo/clear.png
View attachment 32752


GLTA and remember....

View attachment 32753



Cheers
Elpha

Ok so big question now is if that's true then why the FK isn't Nigel there too. He bloody better be IMO

 

[cruiser51]

Just what in the actual fuck is going on in that place over there?

So much random stuff going on. Twists and turns, news articles, there are peeps appearing, disapearring, winking, hinting, trolling, making promises.

AVZ has certainly been a roller coaster ride for the last 6 years!

the only real thing im wondering at the moment is "who will play nige in the netflix series...?"

i wish it could be this guy:

View attachment 32774


HANG IN THERE TEAM!

Winking, not wanking, a lot can be a sign of stress.

If I wink a lot it is not a sign of impending news, but simply pollen.

 

[Remark]

The Company notes that the Interim Financial Report 31 December 2022 released to the market on 16 March 2023 contained a typographical error on page 7, which states: “The Company is confident of a positive outcome in relation to the award of the Mining Licence pending resolution of the ICC arbitrations”
The statement should have read: “The Company is confident of a positive outcome in relation to the award of the Mining Licence and pending resolution of the ICC arbitrations”

Someone here picked up that error - I can't remember who?

 

[Xerof]

@Miljew91 still has my complete and utter respect - it was indeed a typo

 

[BRICK]

Ok so big question now is if that's true then why the FK isn't Nigel there too. He bloody better be IMO

Maybe Felix took.... Andrew Forrest

Winking, not wanking, a lot can be a sign of stress.

If I wink a lot it is not a sign of impending news, but simply pollen.

Im sure a lot of wanking can lead to excessive winking?

 

[John25]

@Miljew91 still has my complete and utter respect - it was indeed a typo

Found another error …
“For further information contact Ben”
He must be back in Perth & has internet coveragebut didnt state that he will reply though

 

[cruiser51]

Maybe Felix took

Im sure a lot of wanking can lead to excessive winking?

I was an abysmal failure in biology, but by all means I will not stop you from reporting on your experiences.

 

[JNRB]

The company is soooo bad at communicating to shareholders,that even when they're forced to do it they can't string a proper sentence together in what's one of the main st important lines of the report.

 

[Misfits]

Ok so big question now is if that's true then why the FK isn't Nigel there too. He bloody better be IMO

He is still in the DRC

 

[Azzler]

"The Company is confident of a positive outcome in relation to the award of the Mining Licence pending resolution of the ICC arbitrations (refer above Cominière and Zijin Mining / Jin Cheng Dispute and Dathomir Dispute below Note 9 Contingencies)."

Hiya gang,
What do y'all think of the possability that there was meant to be a comma, or a "and the" after the word Licence in the above statement?
Meaning they are confident of a posititve outcome for the mining licence AND a positive outcome for the pending ICC cases?
We've seen piss poor proof reading in the past.

I can't imagine they would think it appropriate to communicate in this half ass half hidden manner if it were true that they became aware that there is no ML before the two ICC cases are resolved.
That would be in no way appropriate to shareholders.
I can't imagine the MoM would be ok to wait 18 more months for the resolution.

Hope the company clarifies this soon.

Holy crap I was actually right about a speculation for once!
Isn't that nice

Oh and thank god that wasn't true.

Also to Hoots on the crapper, WRONG BIATCH!

 

[LX600]

Imagine if AVZ was trading when that error occurred, how big a fall would it be. But since AVZ is in suspension, I am not too fuzzy about it

 

[JNRB]

T

He is still in the DRC

That's great!
The thought of him AND Felix actually meeting IN MANONO - if it's true - does give me some optimism

 

[Roon]

Pleased to see it was just a typo, though that's typically sloppy of our comms people. That should have been caught. Anyway, that's one bit of easement.

Two points of interest I've picked out of this announcement. The first is how Zijin/JC's case and effort to win their way into the project is described - which basically puts to bed for me that the company have any intention for now of entering into a settlement with Zijin.

The second is a point of confusion regarding the bifurcated Zijin ICC arbitration

Here it states that if the first challenge wins out, then Jin Cheng don't have the right to institute arbitration at the ICC against us due to non involvement in the JVA. It however says that this wouldn't determine whether the sale by Cominiere was effective which must be determined in another separate proceeding. Wouldn't success in the first challenge remove the ability for a second ICC hearing to be held on whether the sale of shares was actually legit?

Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?

Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.

 

[cruiser51]

Is it the commissionaire who is precu the 7M $?

Yes $5 million of the 33 million.

A relative of adviser Jean-Claude Bukasa at the heart of the controversial sale of Cominière assets
Recently pinned down by the General Inspectorate of Finance, the sale to a Chinese company of shares held by the public mining company Cominière was made possible thanks to the company Focus Plaidoirie belonging to Lisette Kabanga Tshibwabwa, a member of Félix Tshisekedi's cabinet.


Anybody, who thought life as a president is easy, better think twice.

 

[cruiser51]

Pleased to see it was just a typo, though that's typically sloppy of our comms people. That should have been caught. Anyway, that's one bit of easement.

Two points of interest I've picked out of this announcement. The first is how Zijin/JC's case and effort to win their way into the project is described - which basically puts to bed for me that the company have any intention for now of entering into a settlement with Zijin.

The second is a point of confusion regarding the bifurcated Zijin ICC arbitration
View attachment 32778
Here it states that if the first challenge wins out, then Jin Cheng don't have the right to institute arbitration at the ICC against us due to non involvement in the JVA. It however says that this wouldn't determine whether the sale by Cominiere was effective which must be determined in another separate proceeding. Wouldn't success in the first challenge remove the ability for a second ICC hearing to be held on whether the sale of shares was actually legit?

Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?

Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.

Could it be:

Step 1, sort out Zijin.

Followed by step 2, sort out Cominière, as they illegally sold 15% and AVZ has a financial losses claim against Cominière.

How Cominière wishes to solve that problem is up to CKK, he is a star in reading contracts and working with calculators.

 

[cruiser51]

Holy crap I was actually right about a speculation for once!
Isn't that nice

Oh and thank god that wasn't true.

Also to Hoots on the crapper, WRONG BIATCH!

Fuk Hoots, fukkin wanker really showed his colours.

 

[Pokok]

Winking, not wanking, a lot can be a sign of stress.

If I wink a lot it is not a sign of impending news, but simply pollen.

I have stress every day

 

[cruiser51]

I have stress every day

And I thought you were simply a winker.

 

[JAG]