I got a number$$ in my head and it wasn't far off it before this crap came down . After that I couldn't care less . I'll be long gone .
AVZ Discussion 2022
- Thread starter GazDix
- Start date
CeckRaiseFold
Regular
Exactly - nowhere does it say there will be a roadshow before the AGM. It also just says "an UPDATE to the market on the STATUS of its activities". As much as I want to read something positive in that, there simply isn't anything. The update and the status can be anything, Written this way and being in the dark for so long does not fill me with confidence that this update will be the much desired break-out from this suspension with layers upon layers of good news. No, most likely further suspension with limited details on the going-ons. because of legal confidentiality.
By now, just one or two bits of good news will not cut it anymore. I think the Company realises that. In order to prevent a accelerated sell-off on re-open the news will have to be a combination of:
To have a chance at a decent company TO or an asset buy-out (note TO does not require us to come out of suspension):
- ML issued: confirming all of RD and CDL at least as an exploration licence with AVZ having same ownership as before
- Dathcom ownership resolved: as a minimum 75% with 15% Cominiere ownership still up for grabs to get the 90% prior to 25% CATL deal. This will include firm ICC tribunal and local court rulings.
- Collaboration agreement: In place and signed by all parties
- HEPP: approval for hydro-electric power plant (licence)
- DFS/BFS: Updated DFS at 10MTPa or better BFS including clarity on further refining / hydroxy plant
- Financing: Loans and investor moneys secured to underpin FID
- Transport: clarity on road infrastructure upgrades and rail contracts
Bonus info would be:
- SEZ
- Further offtakes
- Further core results increasing reserves
- in-country battery plant (not controlled by Dathcom)
Samus
Top 20
oxxa23
Regular
i have the feeling we'll be trading by then, but, it's just a feeling...
have we seen anywhere, other than the very first Cath announcement on 27.09.21 where they refer to the level of detail/study being done on the 10mt?
i am not sure we will get a full blown DFS on it like some are expecting...
Announcement only says "study" and i had a feeling of it being less than a formal DFS from an interview with nigel from memory... announcement said:
AVZ and CATH have also agreed to evaluate and progress a study to increase annual production, expanding Dense Media Separation (“DMS”) production capacity from a 4.5Mtpa throughput producing approximately 0.7 million tonnes of SC6, as contemplated by the Definitive Feasibility Study dated April 2020 (“DFS”), to a 10Mtpa DMS throughput producing approximately 1.6 million tonnes of SC6 (“Expansion Scenario”).
I am sure many are also confusing the updated DFS to include 10mt, which it wont... that was commissioned and somewhat finished before CATH deal..
CeckRaiseFold
Regular
I was at the April 2021 Investor briefing event at Fraser Suites in Perth when at the end NF asked all present to turn phones off and keep quiet about his future ideas of a 10MTPa and hydroxy plant. Indeed just musings and studies at the time, but it feels like ages ago. Hell, it is ages ago! At the time he expressed still hope for a July/August 2021 ML issue :-(
Plenty of time to have matured those 10MTpa plans and they fit in with DRC strategy and market demands.
Indeed maybe just wishful thinking.
cruiser51
Top 20
Something different...
Yesterday, the Wollongong engineer and climate evangelist – imagine if Elon Musk and Mark Carnegie had a son raised by Bob Brown – arrived at Sydney’s Fullerton Hotel on a one-wheel electric skateboard, a recyclable coffee cup dangling from his belt and a wild head of hair barely contained by a plastic helmet.
Griffith had an important message for the climate industry, which had gathered at The Australian Financial Review Energy and Climate Summit. Andrew Forrest’s plan to make Australia a hydrogen superpower is misguided, not feasible and downright dangerous.
‘‘We do not have a viable technology for green steel,’’ Griffith said. ‘‘Green hydrogen is not going to temper any domestic emissions this decade.’’
Forrest plans to spend about $9 billion through Fortescue Metals Group to, among other things, use solar power to create hydrogen from water. The hydrogen will replace petrol in vehicles and coal in making steel.
Griffith accused Fortescue of signing ‘‘fake contracts’’ with European energy companies for hydrogen that might not be delivered, and said Australia had ‘‘drunk the Kool-Aid’’, a reference to a mass suicide at the direction of American preacher Jim Jones in 1978.
The Sydney-educated Griffith isn’t well known in his home country. He became a climate celebrity in the US, where, after completing a PhD in engineering at MIT, he launched a campaign to switch the entire country from petrol and gas to solar, wind and other forms of renewable energy.
Griffith doesn’t suffer from shyness about his opinions or achievements. He mentioned that he had operated a nuclear power reactor, was a leader in hydrogen-storage technology and had inspired the Biden administration’s Inflation Reduction Act.
Oh, and his plan to electrify the entire economy is the greatest investment opportunity in history.
Purchases of petrol-powered cars need to stop, immediately, followed by gas water heaters, and everything else that runs on fossil fuels, he said. This was the only way to reach Australia’s greenhouse gas emissions targets.
Hydrogen will be great for Griffith personally, but it won’t save the planet.
‘‘We miss the thing that is going to win the game, which is electrification, if we over-focus on hydrogen,’’ he said.
Griffith did the maths. To produce hydrogen for $2 a kilogram, Fortescue will need access to electricity for 2¢ a kilowatt hour from renewable energy. The $2 is a government target, and it is necessary because that is about the cost of producing hydrogen in a process that releases carbon dioxide.
The 2¢ electricity would be used for electrolysis, which separates hydrogen and water, compressing the gas and converting it back into electricity and water in a fuel cell. The result would be electricity that is four to six times as expensive as electricity straight from a solar panel or wind farm, Griffith said.
‘‘I can’t say it harshly enough,’’ he said. ‘‘We have drunk the Kool-Aid and we’re about to squander a decade. If hydrogen works, I will make more money than all of you because I built the hydrogen tanks that all of the world’s auto-makers have licensed.
‘‘I have shot large-calibre bullets into hydrogen tanks in the desert. I have watched them explode. I have owned two hydrogen cars. It was the scariest, most horrible experience of my life. I feel qualified to say a lot about hydrogen. I understand the physics and thermodynamics.’’
Forrest has denied a draft hydrogen sales agreement with Germany’s Eon was a public relations stunt. ‘‘They have asked for 5 million tonnes and they are going to get it,’’ he said in July.
Hydrogen created from solar or wind power isn’t entirely useless, Griffith said. He said Australia could use the elements to supply all the world’s ammonia, which is used in fertiliser: ‘‘That would be a $90 billion to $100 billion export opportunity.’’
Which means he just dismissed Fortescue’s company-transforming strategy as a pile of poo.
MIT PhD has an explosive hydrogen lesson for Forrest
Aaron Patrick
Saul Griffith knows how to make an arrival.Yesterday, the Wollongong engineer and climate evangelist – imagine if Elon Musk and Mark Carnegie had a son raised by Bob Brown – arrived at Sydney’s Fullerton Hotel on a one-wheel electric skateboard, a recyclable coffee cup dangling from his belt and a wild head of hair barely contained by a plastic helmet.
Griffith had an important message for the climate industry, which had gathered at The Australian Financial Review Energy and Climate Summit. Andrew Forrest’s plan to make Australia a hydrogen superpower is misguided, not feasible and downright dangerous.
‘‘We do not have a viable technology for green steel,’’ Griffith said. ‘‘Green hydrogen is not going to temper any domestic emissions this decade.’’
Forrest plans to spend about $9 billion through Fortescue Metals Group to, among other things, use solar power to create hydrogen from water. The hydrogen will replace petrol in vehicles and coal in making steel.
Griffith accused Fortescue of signing ‘‘fake contracts’’ with European energy companies for hydrogen that might not be delivered, and said Australia had ‘‘drunk the Kool-Aid’’, a reference to a mass suicide at the direction of American preacher Jim Jones in 1978.
The Sydney-educated Griffith isn’t well known in his home country. He became a climate celebrity in the US, where, after completing a PhD in engineering at MIT, he launched a campaign to switch the entire country from petrol and gas to solar, wind and other forms of renewable energy.
Griffith doesn’t suffer from shyness about his opinions or achievements. He mentioned that he had operated a nuclear power reactor, was a leader in hydrogen-storage technology and had inspired the Biden administration’s Inflation Reduction Act.
Oh, and his plan to electrify the entire economy is the greatest investment opportunity in history.
Purchases of petrol-powered cars need to stop, immediately, followed by gas water heaters, and everything else that runs on fossil fuels, he said. This was the only way to reach Australia’s greenhouse gas emissions targets.
Hydrogen will be great for Griffith personally, but it won’t save the planet.
‘‘We miss the thing that is going to win the game, which is electrification, if we over-focus on hydrogen,’’ he said.
Griffith did the maths. To produce hydrogen for $2 a kilogram, Fortescue will need access to electricity for 2¢ a kilowatt hour from renewable energy. The $2 is a government target, and it is necessary because that is about the cost of producing hydrogen in a process that releases carbon dioxide.
The 2¢ electricity would be used for electrolysis, which separates hydrogen and water, compressing the gas and converting it back into electricity and water in a fuel cell. The result would be electricity that is four to six times as expensive as electricity straight from a solar panel or wind farm, Griffith said.
‘‘I can’t say it harshly enough,’’ he said. ‘‘We have drunk the Kool-Aid and we’re about to squander a decade. If hydrogen works, I will make more money than all of you because I built the hydrogen tanks that all of the world’s auto-makers have licensed.
‘‘I have shot large-calibre bullets into hydrogen tanks in the desert. I have watched them explode. I have owned two hydrogen cars. It was the scariest, most horrible experience of my life. I feel qualified to say a lot about hydrogen. I understand the physics and thermodynamics.’’
Forrest has denied a draft hydrogen sales agreement with Germany’s Eon was a public relations stunt. ‘‘They have asked for 5 million tonnes and they are going to get it,’’ he said in July.
Hydrogen created from solar or wind power isn’t entirely useless, Griffith said. He said Australia could use the elements to supply all the world’s ammonia, which is used in fertiliser: ‘‘That would be a $90 billion to $100 billion export opportunity.’’
Which means he just dismissed Fortescue’s company-transforming strategy as a pile of poo.
Remark
Top 20
Winenut
GO AVZ!!!!
JAG
Top 20
Carlos Danger
Top 20
Questions for AVZ managementOne other thing before i leave and strike a blow work wise is........
Lets start compiling a few serious, poignant questions to ask NIGEL come the AGM next month to at least garner some insight as to what AVZ is dealing with in this litigous battle.........not sure what lip service might come out of it, but something might be better than being completely in the dark and having to rely on conspiracy theory.....
I have been a spoke person before with WFE, so happy to do it again should no one else wants to put their hand up.
Should we start up a separate thread for that ?
Put the think tank on.......lots of smarter posters here than me thats for sure.
cheers all.
1. Why exactly are we in voluntary suspension?
2. What is the process for determining the extension periods for the voluntary suspension?
3. Why have the voluntary suspension extension periods been wrong so many times?
4. Why has AVZ's lawyer Christian Lukusa been able to provide updates far and above official announcements on legal matters facing the company in press conferences and interviews given in French?
5. Were you at any time given legal advice to 'stay silent to not give away your position on legal matters' and if so, who was that advice given by?
6. Why couldn't the same information that was being given in French also be available to shareholders in English through official announcements?
7. Does the company really think that Zijin doesn't have access to YouTube and can't translate from French to Mandarin and by not releasing information in English they would be outmaneuvering their legal adversaries?
8. Where exactly is the information flow failure occurring between what you have been telling shareholders the DRC government have been saying to you?
9. Is it your fault, the company consultants fault or the DRC governments fault that led you to claim that the mining licence would be 'expedited' in May 2021 along with many other promises that still haven't been delivered?
10. As a show of good faith to shareholders that have been unable to access their own money for 5 months and counting due to your decision to put the company in voluntary suspension, are you willing to reduce your salaries / consulting fees by at least 50% until the company is trading again?
11. As a show of good faith to shareholders that have been unable to access their own money for 5 months and counting due to your decision to put the company in voluntary suspension, are you willing to give back at least 50% of your total performance shares from previous years?
12. How fast could you run if your life depended on it?
A very patient and calm holder who has posted before but has no need to get caught up in speculation but instead relies on the official announcements and certain posters here like yourself to stay calm and breathe easy, no stress here!
Still curious on who our very talented pineapple lover is...
MoneyBags1348
Top 20
Geez Carlos I thought I was harsh. I’m a little sorry for my display of displeasure on here earlier because I have long suspected Chinese trolls lie in waiting to spread malicious bullshit and what do you know, coincidentally it looks like two trolls have just turned up.
I’m still of the opinion that AVZ will succeed and even if there was some dilution we would all make a lot of money, I just want shareholders to be be realistic about what to expect at any presentation and to go in armed with appropriate questions
I wouldn’t have replied here again today other than what I hate more than bullshit is scum bag Chinese trolls and short selling bullshiters…. and in the event the trolls come back at me, try posting some actual information for others before posting bullshit
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MoM promoting DRC in France last week :
Find AfricaPresse.paris on:
Ambition Africa / Antoinette N'SAMBA KALAMBAYI, Minister of Mines of DR CONGO: "In this period of energy crisis, my country is full of everything that is necessary for France"
October 7, 2022
Mrs. Antoinette N'SAMBA KALAMBAYI, Minister of Mines of the Democratic Republic of Congo. © BF
Star guest of the IV Ambition Africa (4 and 5 October 2022) in Bercy, Mrs. Antoinette N'SAMBA KALAMBAYI, Minister of Mines of the Democratic Republic of Congo, made a real plea before French investors to encourage them to come and invest without delay in the DRC, where "French companies are welcome".
.
Exclusive interview by Bruno FANUCCHI for AfricaPresse.Paris (APP)
@africa_presse
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APP - You are at the head of a large delegation from the Democratic Republic of the Congo (DRC) to Bercy for this Sixth Ambition Africa. What are your expectations?
Antoinette N'SAMBA KALAMBAYI - We came to present, here in France, the opportunities that the Democratic Republic of Congo offers the world today in relation to my sector, which is mining.
We have indeed drawn up a list of all the mineral resources that the DRC is full of and, today, we are at a crossroads because it turns out that the DRC is a producer of all these green minerals that are part of the manufacture of electric batteries.
We therefore came to invite all potential partners who would like to invest in the DRC to come and operate, process and locally transform the products of the mining sector. In fact, we want to give added value to our minerals so that the Congolese population, which is poor today, can finally benefit from all the wealth of our subsoil.
APP - In the current energy crisis, the DRC appears as a "solution country", say...
Antoinette N'SAMBA KALAMBAYI - We are full of real potential for bio-diversity with the Congo Basin, which is the second largest forest in the world after the Amazon. Today, the DRC is being asked to be resilient to protect its environment because we have better ecosystems and we do not generate many greenhouse gases.
However, because of the war in Ukraine, oil has now become a rare good. We are in the energy transition and the DRC is therefore a "solution country": tomorrow, we will no longer have to use fossil fuels. We are switching to green energies and the DRC is this country that is full - as you know - with the majority of all these minerals essential to our life tomorrow. Due to the current crisis, we are well aware that the DRC represents a little "the hope of the world"!
The Minister of mines of the DRC, Mrs. Antoinette N'SAMBA KALAMBAYI, during her speech IVe Ambition Africa, in Paris-Bercy, on October 4, 2022.© BF
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.
APP - Your country has had serious governance problems in the past, but is currently making efforts to improve the business climate. Can you give us concrete examples in the mining sector?
Antoinette N'SAMBA KALAMBAYI - I confirm that today there is a clear improvement in the management of the public domain. The Head of State has re-enabled a structure that already existed: the General Inspectorate of Finance. With the IGF, the Court of Auditors has the mission to carry out ongoing checks on a daily basis so that, in administrations and public companies, everyone can better manage everything they have as finances at their disposal. The DRC is a member of regional and international organizations. We have in our legal arsenal all that there are conditions for good governance.
We are a member of the OECD and have been described as a "good student". We are a member of the EITI (Initiative for the Transparency of Extractive Industries), we have included this institution in the mining law and we extract our minerals from the well to the export, throughout the production and operating chain.
Thanks to the new mining legislation, everything has been done to ensure that things are now transparent by participating in the fight against corruption, removing illegal exploitation and regulating artisanal exploitation much better. To further increase this traceability, we publish all information relating to mining contracts on our ministry's website.
APP - Don't you also have the will - and this is relatively new - to now transform all products from mines locally?
Antoinette N'SAMBA KALAMBAYI - The revised mining law of 2018 imposes local treatment and processing. However, because of our energy deficit, we allowed companies to export crude oil anyway. But we are working with experts to see how much we will finally encourage mining companies to be able to create hydro-electric footprints themselves to overcome this energy crisis.
These companies will be forced to deal locally tomorrow. In partnership with the Ministry of Energy, we are working with a group of experts and I hope that a sustainable solution will be found within two years at the latest. I will then make the decision by decree to say to everyone: "Now in the DRC, you do not sell your products, you process them and process them on the spot".
We have just created a Center of Excellence and Research - with a real exploitation strategy - to give us all the ability to extract the wealth of our subsoil ourselves and thus create a real chain of values that benefits our economy, the development of the country and the improvement of the living conditions of our populations.
Everything was also planned for operators, both domestic and foreign, to be bound by a "plyte" that makes them responsible for participating in the development of local communities living near mining sites.
S.E. Mrs. Ruth TSHOMBE, Ambassador RD CONGO, with the Minister of Mines, Mrs. Antoinette N'SAMBA KALAMBAYI, together at the IVe Ambition Africa, in Paris-Bercy, on October 4, 2022. © BF
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.
APP - In terms of PPP, what can we do with your country?
Antoinette N'SAMBA KALAMBAYI - Public-Private Partnerships (PPP) have always existed. When an investor arrives, he approaches us to explain his approach.
We have many very different opportunities at home: you can come to Congo, for example, to create a diamond or gold buying counter, you can come to open a small mine or to set up and create a mining industry. If you follow all the procedures listed in the Mining Code, all initiatives are welcome and PPPs are of course of interest to us.
To date, moreover, all the flourishing mining companies we have are already in PPP contracts, whether the companies are Chinese or other nationalities... French companies are welcome at home!
APP - A final message specifically for French decision-makers and investors met in Paris-Bercy, where Ambition Africa is taking place?
Antoinette N'SAMBA KALAMBAYI - In his opening speech by Ambition Africa, Mr. Olivier Becht, Minister Delegate for Foreign Trade, Attractiveness and French Abroad, recalled that Africa's vision towards France must change, and vice versa France's vision towards Africa.
In the past, we had a really unbalanced trade balance between us, but today things are about to change because we are full of everything that is necessary for France in this period of energy crisis.
You must switch from fossil fuels to green energies. However, you do not have cobalt (of which we are the largest producer), lithium, etc. in your basement. It is therefore in your interest to come to us to share your technological experience and we, in return, will let you exploit mines and deposits to reach a "win-win" partnership together.
......
LEARN MORE:
www.ambition-africa.comhttps://www.africapresse.paris/Retr...les-et-contributions-de-notre-dossier-CMAAP-4
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Lol, coming from someones who’s opinion of the company changes as often as the wind direction.
Give me strength J.C
You, ohreally and wombat could be one and the same.
Frank
Top 20
*Ditto Dijon,
You must switch from fossil fuels to green energies.
However, you do not have cobalt (of which we are the largest producer), lithium, etc. in your basement.
It is therefore in your interest to come to us to share your technological experience and we, in return, will let you exploit mines and deposits to reach a "win-win" partnership together.
The more they Bang on about it to every Tom, Dick and Harry or anyone else that will listen for that matter, the Bigger the Hole they're digging for themselves, by shining an even brighter light on it imo. Surely they must realise this, plus the fact they can't do it without AVZ.
If Manono doesn't get the Go-Go and soon, it will be a Massive No-No, because Felix, you just shot youself and the whole Country in the Big Fat Foot
Why would Felix jeopardize his re-election chances by holding this up any longer than absolutely necessary, doesn't make sense imo
Especially when they're happy to brag about being the "Largest Producer" of Cobalt and yet here they are sitting on their hands with one of the Biggest and Best reserves of Lithium and Tin on the Planet ( In the Basement ) just waitng to be Dug up that the World is Screaming out for with the opportunity of a Lifetime sitting there in the "Basement" of all places, but without a ML / FID etc it means Jack Shit, something other Countries would be well aware of with all the Media attention it's had you'd think
*Fyi @MoneyBags1348
The last company I owned that had a picture of the exec’s at the local port talking about infrastructure and approvals went into administration….
You remember that one Frank.
*Don't remind me, after it ended in Tears, who saw that coming, Talk about lessons learn't the hard way
Huge thanks to those here who provide the jokes to keep me going
*YW, Here's one for you
Frustrating? 100% but I'm not panicking or getting emotional.
Food for thought on the long and winding Road to who knows where atm
Hopefully out of Suspension and Trading again on the Road to Production
With a $4 or more as the floor for the SP in the Mirror down the Road
GLTA-AVZH's
Cheers
Frank
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CashKing
Regular
Brilliant…
I like it mate.
But
13. Why the fuck am I selling all my bullion just incase you MOFO’s don’t come out of suspension anytime soon ???
14. Putin fucking around, Rocket Man fucking around, why THE FUCK ARE YOU GUYS STILL FUCKING AROUND ???
15. WTF ROADSHOW CUNTS…. BUILD THE FUCKING MINE ALREADY WITH THAT CRANE THAT GOT DELIVERED WITHOUT TELLING US………
16. NF NO MORE RENOVATIONS ON THE HOUSE WHILE WE ARE IN SUSPENSION WTF…..
17. CUNTS IM PISSED OFF
18. GLTAH FFS
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