AVZ Discussion 2022

[Javman]

It’s likely been covered but has anyone written this off as a loss against tax? Could it be adjusted later if/when we get a return?

 

[Winenut]

It’s likely been covered but has anyone written this off as a loss against tax? Could it be adjusted later if/when we get a return?

Check with your accountant/tax specialist..

 

[oxxa23]

It’s likely been covered but has anyone written this off as a loss against tax? Could it be adjusted later if/when we get a return?

Technically not a capital loss yet... you still own shares in a company that's alive and kicking..... alive and limping....

 

[Winenut]

Technically not a capital loss yet... you still own shares in a company that's alive and kicking..... alive and limping....

 

[Spikerama]

Chemical accident in Lualaba: two NGOs warn of the consequences​

Last updated: 2024/07/25 at 10:51 PM
MinesPublished July 25, 2024

In the Lualaba province of the Democratic Republic of Congo (DRC), a tanker truck belonging to the COMMUS company and transporting sulfuric acid overturned on the night of Sunday, July 21, near the Kelangile River.

In a joint press release on Thursday, July 25, two Non-Governmental Organizations (NGOs) warned of the harmful consequences of this accident. They are Action for Integral and Sustainable Development (ADID) and Initiative for the Protection of Human Rights and Social Reintegration (IPDHOR).

They say they fear considerable damage to "aquatic ecosystems, including fish, crabs and plant species. Despite the ongoing identification of victims, some people are harvesting vegetables in the contaminated areas," the press release reads.

These two local civil society organizations stress the need to raze these fields in order to protect public health, destroy contaminated crops, decontaminate rivers and put in place preventive measures.

Daniel Bawuna​

COMMUS:
China's Zijin owns 72% of COMMUS and the project is in the mining hub of Kolwezi in Lualaba province.
The state-owned Gecamines controls the balance.
Zijin also holds an interest in Congo's largest copper project, Ivanhoe Mines Ltd.'s Kamoa-Kakula.19 Apr 2024

That's almost like the truck carrying thousands of copies of Roget's Thesaurus that crashed last week as it left the New York publishing house.

According to the Associated Press, witnesses were stunned, startled, aghast, taken aback, stupefied, confused, punchy, shocked, rattled, paralysed, dazed, bewildered, mixed up, surprised, awed, dumbfounded, flabbergasted, astounded, amazed, confounded, astonished, boggled, overwhelmed, horrified, numbed, and perplexed.

 

[Bin59]

Actualité | Constant Mutamba : 'Tout celui qui va détourner un seul dollar des Congolais aura sa place à la prison de Makala' | mediacongo.net

Au cours d'un briefing de presse, tenu ce mardi 23 juillet, sur les réformes du gouvernement engagées dans le secteur de la justice, le ministre...

www.mediacongo.net

Constant Mutamba: "Anyone who will hijack a single dollar from the Congolese will have his place in Makala prison"​

24.07.2024
policy
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Constant Mutamba, Minister of Justice and Keeper of the Seals

During a press briefing, held on Tuesday, July 23, on the government's reforms undertaken in the justice sector, the Minister of State in charge of Justice and Keeper of the Seals, Constant Mutamba, answering the question about the perpetrators of financial embezzlement and embezzlement of public funds, indicated that anyone who will divert a single dollar from the Congolese will have his place in Makala prison.

"The Head of State gave us the mission to crack down. We will therefore be intransigent and intractable vis-à-vis all diverters of the state's public money. Anyone who will divert a single dollar from the Congolese will have his place in Makala prison. And we will reserve relentless answers to this, "he said.
Regarding the former Minister of Finance, Nicolas Kazadi Kadima, accused of embezzlement of public funds in the case of the purchase of drills and streetlights, the Minister of Justice made it known that "no one is above the law", while nevertheless evoking the principle of the presumption of innocence guaranteed by the country's Constitution.

"Alone the judge is authorized, in terms of our law, to be able to condemn someone for an offending fact. So, I wouldn't want to interfere in an ongoing instruction, "said Constant Mutamba.

In addition, the latter said he had set up a framework for consultation with the Attorney General at the Court of Cassation, in order to prosecute all cases related to embezzlement of public funds.
(Can only hope he follows through on his promise to review all files of corruption/ embezzlement sent to their office over the past 3 years).

Much more, the Minister also indicated that parallel investigation mechanisms against money laundering have been put in place. These mechanisms provide for unconditional confiscation of property, in accordance with Article 130 of the new Money Laundering Act.


Joslin Lomba
congo-press.com (MCP) / mediacongo.net

 

[Pokok]

Actualité | Constant Mutamba : 'Tout celui qui va détourner un seul dollar des Congolais aura sa place à la prison de Makala' | mediacongo.net

Au cours d'un briefing de presse, tenu ce mardi 23 juillet, sur les réformes du gouvernement engagées dans le secteur de la justice, le ministre...

www.mediacongo.net

Constant Mutamba: "Anyone who will hijack a single dollar from the Congolese will have his place in Makala prison"​

24.07.2024
policy
Add to Favourites

Constant Mutamba, Minister of Justice and Keeper of the Seals

During a press briefing, held on Tuesday, July 23, on the government's reforms undertaken in the justice sector, the Minister of State in charge of Justice and Keeper of the Seals, Constant Mutamba, answering the question about the perpetrators of financial embezzlement and embezzlement of public funds, indicated that anyone who will divert a single dollar from the Congolese will have his place in Makala prison.

"The Head of State gave us the mission to crack down. We will therefore be intransigent and intractable vis-à-vis all diverters of the state's public money. Anyone who will divert a single dollar from the Congolese will have his place in Makala prison. And we will reserve relentless answers to this, "he said.
Regarding the former Minister of Finance, Nicolas Kazadi Kadima, accused of embezzlement of public funds in the case of the purchase of drills and streetlights, the Minister of Justice made it known that "no one is above the law", while nevertheless evoking the principle of the presumption of innocence guaranteed by the country's Constitution.

"Alone the judge is authorized, in terms of our law, to be able to condemn someone for an offending fact. So, I wouldn't want to interfere in an ongoing instruction, "said Constant Mutamba.

In addition, the latter said he had set up a framework for consultation with the Attorney General at the Court of Cassation, in order to prosecute all cases related to embezzlement of public funds.
(Can only hope he follows through on his promise to review all files of corruption/ embezzlement sent to their office over the past 3 years).

Much more, the Minister also indicated that parallel investigation mechanisms against money laundering have been put in place. These mechanisms provide for unconditional confiscation of property, in accordance with Article 130 of the new Money Laundering Act.


Joslin Lomba
congo-press.com (MCP) / mediacongo.net

Means nothing , if you get court just say your sick and need to visit another country , NEXT

 

[wombat74]

The DRC needs to pull their finger out and sort their shit out sooner than later - they are likely going to get a better outcome while the Democrats are in power with any agreement/negotiations. Should the Republicans get in, Trump is likely to drive a tougher deal that benefits America more than the DRC - he loves the deal.

Trumpy is not one to be blackmailed - it also seems there is a theme/undercurrent that the DRC are wanting support in their boarder wars which they are seemingly trying to leverage for outcomes in mining (Felix I suspect is playing off Europe/China/America off each other).

The DRC are going to do more harm to themselves by delaying positive outcomes for Dathcoms tenement while we progress through the ICSID / ICC and the potential swing to the Republicans - but Tim (time) will tell.

The DRC reaps what they sow - at the moment it is nothing for their poor and disenfranchised population. Dathcom will assist in growing wealth in the local community of Manono for the poor and destitute.

SilentOne

Trump is a nut job ,and his new vice idiot who is a redneck Hill Billy Mountain Dew moron , is going to make sure Trump gets his arse kicked at the next election . IMO

 

[BEISHA]

Are we nearly there yet?

 

[BEISHA]

IMO if RIO were to take over as a deal with the DRC Gov I would not be surprised to see a minority stake to China (Not Zijin).
However, the longer this all takes and the further we continue to press with ICSID my view is China's strength at the negotiating table continues to erode.
If Felix wanted to please his Chinese masters I would have thought he would want a resolution sooner rather than later (like 6 months ago lol) but it will get to a point when the cat is so far out of the bag that he has no choice - whether that time is already upon him or if it is not far away I have no idea.

Would be nice to get another "Arbitration update" announcement with the next dates for all of the cases, not that it will change anything but it would give all shareholders at least something to be waiting for. The way things are going though, the next AGM if it even happens is closer to happening that it has been since the last one.

If FT was a true leader, the IGF report should of been enuff evidence to tell his chinese masters where to go, instead, he has allowed his true saviour ( AVZ ) to bleed dry and disregarded Jules Alingete great work .........all at the same time.

Its been 7 months since fat cat was re elected, what has the fuck tard achieved in that time ?

 

[Jacob Kiraz]

If FT was a true leader, the IGF report should of been enuff evidence to tell his chinese masters where to go, instead, he has allowed his true saviour ( AVZ ) to bleed dry and disregarded Jules Alingete great work .........all at the same time.

Its been 7 months since fat cat was re elected, what has that fuck tard achieved in that time ?

Looks that way what a embarassment shit show AVZ

 

[BEISHA]

RHyNO,

I am of the opinion that Nigel is not in it for the Salary - It has been reported that he has 50 million + shares. If those shares are worth $1 each and he earns simple interest at 3% then he earns $1.5 million per annum. Anybody thinking that he is delaying for the piddly salary he receives is a moron in my opinion.

I am of the belief Nigel is working incredibly hard under very difficult and complex conditions to get the best ourcome for himself and shareholders.

If anything, Nigel should get a salary increase for the shit he and the board have had to endure.

And no, I will not support a $1 takeover bid not even close.

Regards,

SilentOne - do you own research

I agree with your post , Nigel deserves his salary , difficult gig to say the least, $50m options to incentivise a result, but cash balance is tight, BOD should be trimmed to bare basics, Nigel, Clarke, Cohen plus lawyers STAY.........the rest go !

survival is the name of the game right now........imo

 

[BEISHA]

This thread has become absolute crud. Rather than decent discussion, its just pissed off punters who had a crack at making multiples and are stuck and salty.

I’m one of them, with several hundred k thrown in around 40-50c.

I took a gamble in a well known shithole with a resource that was always in retrospect going to be targeted by less governed entities. My fault, I blame nobody else for where that money sits.

But I for one am enjoying the silence right now, to me it means progress. Nigel has my full support, as any alternative is goodnight in my view.

We are all stuck in this mess together, yes true, we are all salty, why wouldnt we be ?

But completely disagree with you about this thread being absolute crud.........lots of information still supplied by the faithful which i really appreciate and respect for one another is still high despite the obvious doom and gloom.

Absolute crud = HC AVZ thread, what would you prefer ?

 

[Hodlandwin69]

I wonder if those new board members are even doing anything.....

 

[JasonM]

I wonder if those new board members are even doing anything.....

collecting a salary?

I do support current mgmt and board, its our only hope, self interest is also a great motivator and nige has 50m little bits of self interest to get an outcome. However all this silence is awfully convenient, they're not exactly being held accountable to anyone. The cynic in me says we only we an update when the mmga fuckers make some noise forcing them to provide an update. The last company update was just over a month ago where they stated advanced talks on funding, mou discussions, and realisation of value opportunities being explored, etc. I understand things take time but its time they gave an update.

I'd be wrapped to get out of this with a $1 TO offer, I kind of thing it'll be far less. I'm sure we've all noticed its the worse time to be negotiating a lithium deal and the mine is located in the drc, so difficult for me to see anywhere near fair value being reached. sometimes you have to cut your losses and run, no doubt the slimey zijin scum is banking on that. yes there is a financial cost to all of this but there is also a mental health and emotional toll, I think the majority would say they've had enough and its time to get out. Of course if you're in the inner circle getting updates and collecting a salary out of avz, I tend to think it'll be a lot easier to ride this out, however I'm personally sick of being a fucking mushroom and want some of my fucking dollars back.

happy saturday

 

[Samus]

however I'm personally sick of being a fucking mushroom and want some of my fucking dollars back.

#metoo

 

[RHyNO]

I agree with your post , Nigel deserves his salary , difficult gig to say the least, $50m options to incentivise a result, but cash balance is tight, BOD should be trimmed to bare basics, Nigel, Clarke, Cohen plus lawyers STAY.........the rest go !

survival is the name of the game right now........imo

Nice and while I’m not on the best BOD on the ASX scene. Got to admit the less pale members less Perth members of the board is excellent strategy and takes consideration and insight from the big guy. Let’s hope his reward is becoming a billionaire so we can have him replace Forrest as the face of successful Australian mining.

 

[Hudnut]

I wonder if those new board members are even doing anything.....

They've already served a purpose taking votes at the last AGM.

 

[Charbella]

x.com

x.com

 

[Bin59]