AVZ Discussion 2022
- Thread starter GazDix
- Start date
I can assure you, that scenario aint going to happen.
I do suspect that Zijin might retain the north via negotition for both DRC / Zijin to save face, but they will have to remunerate AVZ for exploration costs.
Regards to Mpiana, Zijin have no rights at all.
RD / Mpiana / ML package wont be going to Zijin i can assure you of that.
There are multiple options which i aint going to reveal here.
Thanks BEISHA
much appreciated .
Thks BEISHA!
ps I would like to think we will require a lot!!! more$$$$$$s than JUST to be 'remunerated' for the "exploration costs" for the Nth, before we would sign it over!
Scoota30
Regular
I will also add that my sentiment from yesterday was overall a positive one and the board IMO seemed re-energized from the locke funding being finalised.
Funnily enough if you split the 2.5b - 10b (I assumed this was USD) down the middle you end up with 6.25b...... @Carlos Danger
Funnily enough if you split the 2.5b - 10b (I assumed this was USD) down the middle you end up with 6.25b...... @Carlos Danger
If the DRC needs an out and the Yanks are both sniffing for lithium and anxious to F. the CCP over for strategic reasons, then it's time to play hardball.
And don't forget Lobito.
US$10 billion +
We've come this far, and I am not happy to walk away from this crap with just my trousers.
Also, there's no need to talk the price down ( despite what was said in WA ).
CATH is only an issue WHEN we come up smelling of roses.
20% of our compensation will pay those cunts off, then we can sell to / partner with the west
Thks BEISHA!
ps I would like to think we will require a lot!!! more$$$$$$s than JUST to be 'remunerated' for the "exploration costs" for the Nth, before we would sign it over!
I was thinking the same thing aon.
On 31 Jan 2024, AVZ released an updated Mineral Resource Estimate for the entire Manono project, including the northern part Carriere de l'Este (CDL), which contains at least 173 Mt of ore grading at 1.55% LiO2. It remains only partly drilled. The southern portion (Roche Dure) contains at least 669 Mt grading 1.61% LiO2.
It seems quite reasonable to value CDL far beyond AVZ's sunk costs.
For instance, if we use the copper-related 3% rule, a ballpark value of the CDL resource is north of $US1 billion (assumptions: 6% conc and $US800/t CIP) plus copper credits even in the current poor market conditions.
Cheers
F
Ad endum: CDL represents 20% of the known resource at Manono, and the entire tenement (RD + CDL) is worth in excess of $US5.5 billion ($AU8.7 billion). Interestingly, this figure keeps popping up almost regardless of the methodology used to estimate Manono's value. It also represents a minimum estimate of its value.
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No advice from me sorry mateThanks mate
Now somebody please DM the real goss so my wife will let me sleep in the house again.
Fair call, personally and i am sure everyone agrees, Zijin aint entitled to farken nothing, we should be receiving penalties from them FULL STOP for their invasion into our rightful territory , but what will be the reality ?Thks BEISHA!
ps I would like to think we will require a lot!!! more$$$$$$s than JUST to be 'remunerated' for the "exploration costs" for the Nth, before we would sign it over!
It will all come down to the negotiating table.
ASAP
Don't start me off about the Australian government its out of touch they are so fucken scared of the chinese its frightening
Thanks mate did you explain to the misses it was all about her not your night out , I will send you a list of bullshit reasons why you were late home .Hi All
Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol
View attachment 73564
So the AGM was chalk and cheese compared to last year.
Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year
Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.
a) Does AVZ have the support of Australian & US government ?
Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !
The irony of that ( which wasnt lost on Nigel ) is this recent development.....
Why is the WA government handing $150m to lithium miners in a cost of living crisis?
Premier Roger Cook says its rescue package recognises the thousands of jobs hanging in the balance, but a mining analyst says "it really doesn't touch the sides" amid an oversupply of lithium and disappointing electric vehicle sales.www.abc.net.au
Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!
The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too
b) Locke funding / working capital
DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !
View attachment 73566
With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.
Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now
c) ISCID - lack of court fees paid
Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......
Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.
d) Dathomir $20m Escrow payment gone AWOL
Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.
e) KOBOLD
Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest
f) Mining or For sale ?
I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.
MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........
Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....
View attachment 73559
but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.
Make of that as you will.
In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.
g) Mpiana Hydropower plant
I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.
He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.
The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off
Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........
Well, i have dribbled long enuff, time for bed.
Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.
He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.
I View attachment 73565
Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?
imo
Thanks for all the info everybody I believe we are now in the box seat , how about we sell off for $3 plus a share to the Chinese and ask the US to extend us some courtesy and not let them ship the product unless they build their own rail link , its childish but it's also business
cruiser51
Top 20
Just for people who believe ICSID can't force the DRC to play by the book:
The World Bank has an investment portfolio for the Democratic Republic of the Congo that includes 29 active projects totaling US$3.8 billion in association with the International Development Association (IDA), the International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA). The portfolio is divided among various sectors, with 63% allocated for infrastructure, 16% for human development, 15% for development of the private sector and agriculture, and 6% for governance and mining projects.[6]
ICSID and the World Bank Group
ICSID is one of the five organizations of the World Bank Group, along with the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The goal of the World Bank Group is to end extreme poverty within a generation and to boost shared prosperity.Each of the five World Bank Group organizations contributes to the overall goal of poverty reduction through its particular work.
ICSID
Provides facilities for conciliation and arbitration of international investment disputes.IBRD
Lends to governments of middle-income and creditworthy low-income countries.IDA
Provides interest-free loans, called credits, and grants to governments of the poorest countries.IFC
Helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.MIGA
Promotes foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives by offering political risk insurance (guarantees) to investors and lenders.Icsid is not just a paper tiger.
Fuck Zijin
Agree Dave $2.5 billion is not enough . I forgot DRC takes 25%?? off the top . So make that $5bil+USD minimum . This is the part that makes me shake my head . The DRC will pick up at least a Billion $$$ by allowing AVZ to sell the project to a buyer of the DRC choosing .My understanding is we pay the arbitration fees but NOT any fines (Penalties). Those penalties are owed to us and will be enforced by DLA Piper through the ICC. Remember those penalties are over $70 million already and include what Cominiere owes from the fines calculator that @Spikerama introduced
DRC ICC Penalty Calculator 2.0
Calculates the amount of penalties the DRC has incurred since the first & 2nd violation of the ICC court rulingdrc-icc-penalty-counter-2.netlify.app
And @wombat74 surely you’re not thinking we’d sell Roche Dure to the Chinese for $2.5billion
The issue for those corrupt cunts is that the DRC took Zijin’s bribes, violated their own mining code and illegally sold our project to Zijin and now Zijin can seek damages from the DRC just like we can. It’s there own stupid problem for being greedy corrupt fuckwits. In all of this AVZ has been the only party that had acted legally and according to the DRC mining code, those fuckwits can all get fucked
Down the road if both those fuckwits don’t want to negotiate with us, it’s my understanding also that any royalties that would have been paid by Zijin to the DRC once production starts, would be taken through the ICSID and awarded to us until all compensation is paid
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Yes it was mentioned Wombie, but i am a bit sketchy on the detail.
Now Locke funding has been approved and arbitration fees will get paid, DLA piper are devising a concrete plan to ensure penalties will get paid should they need to go down that road.
Thats plan B, plan A is to get DRC to the negotiating table ASAP now that AVZ has the upper hand.
Deboss wants that negotiation to commence before Xmas, put the foot down the proverbial throat so to speak whilst the iron is hot.
Time will tell.
cruiser51
Top 20
Hi h00tsy, how does it feel lurking without an outlet?
Being put in the sin bin on HC just before the AGM, oh deary me.
We know you are here still trying to find out what really went on.
20%? Isn't it a $20mil break free ?
BRICK
Where’s Zeebot 😶🌫️
Fuck you hoots you cuntHi h00tsy, how does it feel lurking without an outlet?
Being put in the sin bin on HC just before the AGM, oh deary me.
We know you are here still trying to find out what really went on.
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