Yes look at our MoU for the hydro plant which is now well and truly gone. Not worth the paper it's written on.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Going to need well over ATH (DRC tax ) if every shareholder is to at least break even . Not sure if that poses a problem for Nigel ?
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Images of Piana–Mwanga Hydroelectric Power Station.
2018
6 Weeks ago
The image below is a composite of 2018 and 2024. This is because the photos are updated periodically as the satellites pass over. So you end up with strips of land that have current photos, stitched to adjacent older photos.
Pretty clear there have been considerable earthworks upstream of the power station.
Mate at this point I would take 50c in a heartbeat. Money in the bank and put this rotten experience in the rear view mirror.
I'm sure everyone would rather move on with their lives, I'm not for waiting 5 plus years of "negotiations" They aren't capable, corruption is in there blood.
First cab off the rank is finance . Would there be an another AGM if Nigel fails to get the $$$$$ ? AVZ have already had favourable findings by both the ICC and ICSID . It's not the BoD fault the DRC chooses to ignore them . Not the BoD fault either that the DRC/cominiere wont pay their fines . If you get my drift ?
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Uglybob
Regular
It's been slowing coming for the past year(s). Still approaching, but no implosion yet...
https://www.abc.net.au/news/2024-07...oblivion-property-market-trade-trap/104128504
https://www.abc.net.au/news/2024-07...oblivion-property-market-trade-trap/104128504
Some thoughts, based on my reading/understanding mainly from this thread
. Please pull me up where I’m wrong, thanks.Supposedly Zijin has now had control of the Manono asset since 2022, yet have made next to no progress in developing the mine or associated infrastructure. Some signage and a shonky attempt at a piddling dam, but no substantial mining activity, road works etc
So, what is holding things up? If they were serious and sure of their position surely they would moved ahead.
1. Legal challenges over their tenure of the Manono asset/s and protracted international legal proceedings – not a conducive investment environment for a major funding commitment.
2. Even for a western mining company the funding requirement to develop Manono and associated infrastructure is absolutely massive – way beyond the capacity of DRC and Zijin. Maybe even Zijin would need to find a cashed up Chinese/western partner?
3. The economics to open a new spod mine at this time is very marginal – international price of lithium has been going down for several years due to the decreased sales/demand, lower/slower EV sales etc Commercial viability atm may not support start up? In Australia spod mines have been mothballed.
4. The Chinese economy has been in dire straights since Covid (housing crash, high unemployment, shortage of private and public funds etc) and they are finding it increasingly difficult to assemble/release funds for major capital investments domestically/foreign. Many projects in China have been mothballed (I'm here and I can see them).
5. Furthermore, the Chinese Government and SOEs are increasingly disinclined to fund major foreign capital investments (under their Belt & Road strategy) – they have been burnt by several poor Asian, African S. American countries (similar to DRC) that have been defaulting on their loan repayments.
Overall the Chinese investment environment is very negative atm.
This all leads me to think that Nigel has some wriggle room now to push even harder and score some points against Zijin with Félix/Prime Minister. Félix must be getting nervous and unhappy holding the can for these thankless Chinese thieves.
Nigel should aggressively raise the following:
A. The Chinese have done nothing for 2 ½ years (no drilling, testing, planning etc), wasting everyones’ time, and must now show their cards and put-up (show the colour of their money) or fuck-off, but not sit on the can.
B. If action is taken to return the ownership to AVZ Nigel can undertake to put all legal proceedings on hold and to progress AVZs investment/mining plans asap.
C If it drags out too long Félix may get caught holding the baby (not just the can) when the music eventually stops. Slowly, bit by bit the arrangements will crumble as key DRC people get taken to court or f/o overseas.
That US$70Mil that Zijin paid to obtain Manono is a side show for AVZ and is really only a concern to the DRC/Zijin – I suspect that the DRC would be just as happy to take the Zijin money and fuck them around also lol.
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China has taken the North and is playing the waiting game for AVZ to go broke and then take the South . IMOSome thoughts, based on my reading/understanding mainly from this thread
Supposedly Zijin has now had control of the Manono asset since 2022, yet have made next to no progress in developing the mine or associated infrastructure. Some signage and a shonky attempt at a piddling dam, but no substantial mining activity, road works etc
So, what is holding things up? If they were serious and sure of their position surely they would moved ahead.
1. Legal challenges over their tenure of the Manono asset/s and protracted international legal proceedings – not a conducive investment environment for a major funding commitment.
2. Even for a western mining company the funding requirement to develop Manono and associated infrastructure is absolutely massive – way beyond the capacity of DRC and Zijin. Maybe even Zijin would need to find a cashed up Chinese/western partner?
3. The economics to open a new spod mine at this time is very marginal – international price of lithium has been going down for several years due to the decreased sales/demand, lower/slower EV sales etc Commercial viability atm may not support start up? In Australia spod mines have been mothballed.
4. The Chinese economy has been in dire straights since Covid (housing crash, high unemployment, shortage of private and public funds etc) and they are finding it increasingly difficult to assemble/release funds for major capital investments domestically/foreign. Many projects in China have been mothballed (I'm here and I can see them).
5. Furthermore, the Chinese Government and SOEs are increasingly disinclined to fund major foreign capital investments (under their Belt & Road strategy) – they have been burnt by several poor Asian, African S. American countries (similar to DRC) that have been defaulting on their loan repayments.
Overall the Chinese investment environment is very negative atm.
This all leads me to think that Nigel has some wriggle room now to push even harder and score some points against Zijin with Félix/Prime Minister. Félix must be getting nervous and unhappy holding the can for these thankless Chinese thieves.
Nigel should aggressively raise the following:
A. The Chinese have done nothing for 2 ½ years (no drilling, testing, planning etc), wasting everyones’ time, and must now show their cards and put-up (show the colour of their money) or fuck-off, but not sit on the can.
B. If action is taken to return the ownership to AVZ Nigel can undertake to put all legal proceedings on hold and to progress AVZs investment/mining plans asap.
C If it drags out too long Félix may get caught holding the baby (not just the can) when the music eventually stops. Slowly, bit by bit the arrangements will crumble as key DRC people get taken to court or f/o overseas.
That US$70Mil that Zijin paid to obtain Manono is a side show for AVZ and is really only a concern to the DRC/Zijin – I suspect that the DRC would be just as happy to take the Zijin money and fuck them around also lol.
So then it stands to reason that if the BoD announced we had funding that it would rattle their cage. Hopefully we have some funding coming through soon
Agree . It's been an attack on AVZ's ability to raise funds . China do not want this getting to ICSID and are going into overdrive to stop it . Carrick is their little South African bitch boy imo .
Mr_Tones83
Regular
LithiumKing
Regular
How do we go hard on carrick on twitter? Any organisations other than RTG Mining that we can expose Michael’s unethical behaviour? Chartered accountants page on twitter?
Dave Evans
Regular
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