AVZ Discussion 2022

[Doc]

Geez watching this Mupande muppet tee off on AVZ has me wondering how long this can drag on for. Seems he thinks he is judge, jury and executioner.
Nigel has a mountain to climb that’s for sure. Not sure how much will get done until this Mupande muppet really is kicked out the door

 

[Bonsoir]

Geez watching this Mupande muppet tee off on AVZ has me wondering how long this can drag on for. Seems he thinks he is judge, jury and executioner.
Nigel has a mountain to climb that’s for sure. Not sure how much will get done until this Mupande muppet really is kicked out the door

Makes one wonder who is the real president of the DRC.

 

[MoneyBags1348]

Thanks Moneybags; Serge image with ‘minister for mines’ label on top...i think we have a satirical madman on the lose. Might be worth a forward to management with comment

Obe, that bloke above Serge is the CEO of GIDIS and METALS and a Professor with expertise in mineral extractive processes, mining strategic policies and resources governance and overseas mining litigation, technical evaluation of mining projects and strategies for fighting mineral smuggling and defraud as well as Mining Contract and Legal Framework Reviewing.

https://cd.linkedin.com/in/dieudonne-tambwe-3b8b78129

@Doc could be Mupande is on his way out the door, and the more information AVZ shareholders put out on his corrupt activities, the quicker that might be

 

[LOCKY82]

I’m pretty sure they are all his accounts obe. I personally think we shareholder’s should be targeting his accounts…. the man’s corrupt, not social media savvy

I responded to the DRC MINING WEEK Facebook account and his picture / position as speaker has been removed. And guess what else…. it has been replaced by a picture of Serge Ngandu as a speaker, and that’s for the event in Lubumbashi in September 2023 when AVZ was / are sponsoring the Battery Metals event in Kinshasa in June 2023

View attachment 17798

Looks like the snake is still there

I may be wrong but these might have been the 2022 speakers?

 

[MoneyBags1348]

Looks like the snake is still there

View attachment 17811

Thanks LOCKY82, I couldn’t find him again when I looked, but I did find that Serge and Dieudonne Tambwe were actually speakers at this year’s event, so not necessarily next year’s, which is disappointing, and my apologies for that misinformation….

The first time I found Serge as a speaker it was when I was looking through the information for next year’s event in September, now the website shows he spoke last June, so the DRC MINING WEEK website is about as reliable and straight forward as Mupande

I think Mupande overseas that website so it’s not surprising it’s unreliable, if not corrupt

 

[LOCKY82]

Thanks LOCKY82, I couldn’t find him again when I looked, but I did find that Serge and Dieudonne Tambwe were actually speakers at this year’s event, so not necessarily next year’s, which is disappointing, and my apologies for that misinformation

Not at all it takes all of us to keep digging for the scraps left for us 100%
It seems it may actually be his Twitter account too as some have pointed out, I also got a message from a regular avz Twitter representative that it is indeed his account confirmed from sources, and that apparently to cool off replying as he's already in the shit. But who fucking knows

 

[LOCKY82]

I barely believe my mother these days!

 

[MoneyBags1348]

Not at all it takes all of us to keep digging for the scraps left for us 100%
It seems it may actually be his Twitter account too as some have pointed out, I also got a message from a regular avz Twitter representative that it is indeed his account confirmed from sources, and that apparently to cool off replying as he's already in the shit. But who fucking knows

I think it’s time to start sending these to his twitter account

 

[investinvest]

View attachment 17757

View attachment 17758


View attachment 17759

@Helios

My assessment is as follows

Costs associated with Tenements that are expected to be exploited are carried forward as an asset in the Balance Sheet until such time as the tenements are producing revenue (at which point I suspect the costs would then be progressively written off against that revenue by some appropriate methodology and in an appropriate timeframe)

AVZ have made an assessment on the costs it is carrying forward for tenements PR4029 and PR4030 and believes it can no longer carry those costs forward and have expensed a portion in the current financial year of $643,339 (costs written off/expensed through the the Profit and Loss)
Effectively they have assessed they are not going to be able to recoup that portion of costs in future years through revenue producing activities and therefore must be written off in the current financial year

That's the technical side of it

The question that is not answered (and what you probably want to know) is "WHY" on assessment this year has this portion of the costs associated with the tenements of $643,339 been written off?

There may be a number of reasons (part of the tenements have been re-assessed and are unlikely to be productive in the future, the company is abandoning plans to develop part of the area etc etc etc )

Going by other comments it may appear plausible that the size of the tenements 4029 and 4030 have potentially been changed

If in fact the case is that the tenements are now smaller in size then AVZ would have to proportionately write off some of the carried forward costs in the year that it happens (eg if the tenements were reduced in size by say 25% then one might logically expect 25% of the carried forward costs would need to be written off)

That example is probably a bit simplistic but you get the idea

So in summary going by what others have provided and what I've gleaned from the report I too suspect there has been a change in the boundaries for 4029 and 4030 and this has triggered the associated write off of a portion of the carried forward costs related to those tenements in the current financial year

Would definitely like to know the explicit reason(s) for the write-down of the asset and the methodology used to calculated the final $ value of the amount expensed through the P&L

Hope that helps a bit

Cheers
Nut

Seems to me that 50% of PR4029 and PR4030 were given back to the DRC as part of the Exploration/Research Permit renewal process.

In brief: mining rights and title in Democratic Republic of Congo

A look at some of the key legal and practical considerations surrounding mining rights and title in Democratic Republic of Congo, including the extent of state control, renewal and transfer of licences, and protection of rights.

www.lexology.com

"Every renewal requires the holder of the research permit to give up 50 per cent of the perimeter covered by its permit."

Now I wonder if northern CDL is affected by this because if northern CDL is continuing on under an Exploration Permit, does this qualify as a "Renewal" (and thus need to relinquish 50%) or as a new separate Exploration Permit (assuming no need to relinquish 50%).

AIMO DYOR

 

[Winenut]

I barely believe my mother these days!

I get that....

My mother thinks the Chinese bought the local supermarket in Ipswich and ran it back in the 80's in order to exclude the local "Aussies" in the area from shopping there and then used it to set up an expanded spy base and network in Australia

I shit you not....

 

[Charbella]

It seems it may actually be his Twitter account too as some have pointed out, I also got a message from a regular avz Twitter representative that it is indeed his account confirmed from sources, and that apparently to cool off replying as he's already in the shit. But who fucking knows

A real worry if it is his real twitter account. He called us junior, speculator, fraudulently monopolize the future of an entire people, big corrupter…….WTF!!!!!

 

[Azzler]

A real worry if it is his real twitter account. He called us junior, speculator, fraudulently monopolize the future of an entire people, big corrupter…….WTF!!!!!

Yeah it's very typical behaviour of real corrupt people, narcissists too.
They just throw back accusations at people and tell them they're crazy, wrong, deluded. Gaslighting basically.
They see this behaviour as being clever.
And it actually works quite a bit of the time, people start doubting things they are sure of.
They will never ever admit to fault and will spin endless bullshit, never backing down.

Never argue with these people, just be strong with your accusations, don't give them a chance to reply, and walk the fuck away, lol.

 

[JAG]

Morning......I think. What I miss......

 

[Samus]

Morning......I think. What I miss......

 

[LOCKY82]

Morning......I think. What I miss......

Not much, just don't trust anyone
My missus is cooking this evening, I'll have her eat some off my plate before dinner, can't be too safe these days

 

[Doc]

Hopefully this has been sent to Momentum to bring up this week in discussions…

 

[wombat74]

That twitter account is 100% bogus IMO . Either that or the Chinese have hacked it .

 

[Deleted member 1612]

Hopefully this has been sent to Momentum to bring up this week in discussions…

His reply was to 10 people; including Momentum, AVZ, etc. They are well aware. If this is his legitimate Twitter account excuse me while I vom/cry a little.

 

[Samus]

For those that don't follow twitter, I'll just put this one up as well. Looks like you got him fired up to spill the beans @Azzler

 

[Deleted member 1612]

For those that don't follow twitter, I'll just put this one up as well. Looks like you got him fired up to spill the beans @Azzler
View attachment 17827

Christ. We better keep screenshotting this shit before someone takes the bottle of booze out of his hand and puts him to bed.