AVZ Discussion 2022

BEISHA

Top 20

MMG promises to launch arbitration proceedings against GECAMINES


MMG, a mining company registered in Hong Kong, announced a few hours ago its intention to open arbitration proceedings before the International Chamber of Commerce in Paris and Geneva against GECAMINES, a mining company belonging to Congolese state.

GECAMINES is accused by the Chinese side of violating the rights of the latter on several mining concessions in the former province of Katanga.

Among the grievances formulated against GECAMINES, MMG refers to the incident which occurred on September 16, 2022 following the incursion into the Nambulwa concession by the armed forces who chased away, a few days later, the regularly installed staff.

If MMG employees and contractors have been able to return to the site since September 28, 2022, the DRC armed forces would still be on the scene.

The second incident relates to the Sokoroshe II concession where the same scenario would have taken place a little earlier, on July 1, 2022, with the company’s employees and other contract workers who, in fact, were unable to return to the site, prevented by the military.

In both cases, the company indicates that it has been informed of the conclusion of various agreements between GECAMINES and third-party companies, allowing the latter to carry out activities in the areas in question.

These areas would however be part of mining leases concluded with GECAMINES and should allow MMG to increase copper production at Kinsevere, its only mine operated in the DRC.

According to the mining company, GECAMINES justifies these actions by violations of mining agreements by MMG.

As a reminder, the Kinsevere copper mine entered production in 2017. It delivered 22,090 tonnes of copper cathodes in the first half of 2022.

MMG announced, in March 2022, a project of 550 to 600 million USD intended in particular to extend the life of the mine by 13 years from 2022, with an annual production of 80,000 tons of copper cathodes and 4 to 6,000 tons of cobalt hydroxide.

copperbeltkatangamining


Investing in Africa, theme at the FT AFRICA SUMMIT in London where the PR @fatshi13 paints the attractive economic environment of the DRC and the efforts undertaken by the Gvrnmt @LukondeSama to improve the business climate.

The DRC is waiting for you, message to investors
#Africasummit

View attachment 19245

View attachment 19246
royal shit show.gif
 
  • Like
  • Haha
  • Love
Reactions: 18 users

Bray

Regular
It would be great to have someone high up in global politics that calls people on their bullshit, no mate your cuntry is not attractive, the government is corrupt, the people are corrupt, all you do is talk shit with zero action. Fucken clown show
 
  • Like
  • Fire
  • Wow
Reactions: 25 users

JAG

Top 20
Drunk Head First GIF by Barstool Sports


1666090796386.png
 
  • Haha
  • Like
  • Love
Reactions: 11 users

JAG

Top 20
1666091768786.png
 
  • Like
  • Fire
  • Wow
Reactions: 12 users

Frank

Top 20

A lithium M&A frenzy could be on the cards as cashed up producers eye the Next Big Thing

  • Pilbara Minerals accepts its latest pre-auction bid on the BMX totalling US$7,100/dmt
  • Bulletin Resources identifies more than 50 new pegmatite targets at the Ravensthorpe Lithium Project
  • Sayona develops a transport solution for its North American Lithium operation with a Quebec rail operator
All your lithium news, Tuesday October 18.

Another good day for lithium stocks as homegrown success story, Pilbara Minerals, accepts its latest pre-auction bid for a spodumene cargo ahead of the tenth scheduled auction on the Battery Material Exchange (BMX).

A strong response was received for a shipment of 5,000dmt grading 5.5% , which was made available to the group of registered BMX participants prior to the auction.

A pre-auction offer of US$7,100/dmt (SC5.5, FOB Port Hedland basis) has been accepted which PLS says equates to a price of roughly US$7,830/dmt on a SC6.0 CIF China equivalent basis after adjusting for lithia content on a pro rata basis and freight costs. :rolleyes:

Luke Laretive, Seneca Financial Solutions’ CEO says the $14.29b market cap company could be looking at $1.1bn in free cash flow – “I can’t see them paying a dividend or buying back their own shares,” he explains in an interview with Stockhead.

Lithium producers could be looking to secure strategic assets​


“That means we could see a bit of an M&A frenzy with producers like Pilbara, Allkem and IGO looking to secure strategic assets of scale and increase their exposure to sustained higher prices.

“There is a large valuation differential between ASX-listed lithium developers who expect to get into production next year vs those with longer term development time horizons,” he says.

“We see an opportunity these generally higher quality, more strategic and larger scale projects who might not get into production until 2024 or 2025, as the most likely M&A targets.


“Developers that fit this bill include Vulcan Energy Resources, Piedmont Lithium and Liontown Resources.”

A nice boost for lithium stocks as prices go skyward… again

Tick Tock.jpg


Tick Tock Clock.gif


Mining.png



AVZ-Minerals-.jpg
 
  • Like
Reactions: 12 users

Onthefm

Regular

A lithium M&A frenzy could be on the cards as cashed up producers eye the Next Big Thing

  • Pilbara Minerals accepts its latest pre-auction bid on the BMX totalling US$7,100/dmt
  • Bulletin Resources identifies more than 50 new pegmatite targets at the Ravensthorpe Lithium Project
  • Sayona develops a transport solution for its North American Lithium operation with a Quebec rail operator
All your lithium news, Tuesday October 18.

Another good day for lithium stocks as homegrown success story, Pilbara Minerals, accepts its latest pre-auction bid for a spodumene cargo ahead of the tenth scheduled auction on the Battery Material Exchange (BMX).

A strong response was received for a shipment of 5,000dmt grading 5.5% , which was made available to the group of registered BMX participants prior to the auction.

A pre-auction offer of US$7,100/dmt (SC5.5, FOB Port Hedland basis) has been accepted which PLS says equates to a price of roughly US$7,830/dmt on a SC6.0 CIF China equivalent basis after adjusting for lithia content on a pro rata basis and freight costs. :rolleyes:

Luke Laretive, Seneca Financial Solutions’ CEO says the $14.29b market cap company could be looking at $1.1bn in free cash flow – “I can’t see them paying a dividend or buying back their own shares,” he explains in an interview with Stockhead.

Lithium producers could be looking to secure strategic assets​


“That means we could see a bit of an M&A frenzy with producers like Pilbara, Allkem and IGO looking to secure strategic assets of scale and increase their exposure to sustained higher prices.

“There is a large valuation differential between ASX-listed lithium developers who expect to get into production next year vs those with longer term development time horizons,” he says.

“We see an opportunity these generally higher quality, more strategic and larger scale projects who might not get into production until 2024 or 2025, as the most likely M&A targets.


“Developers that fit this bill include Vulcan Energy Resources, Piedmont Lithium and Liontown Resources.”

A nice boost for lithium stocks as prices go skyward… again

View attachment 19257


View attachment 19256

View attachment 19258


View attachment 19259
Wish I was invested in a lithium stock and not a fucken political football
 
  • Like
  • Haha
  • Sad
Reactions: 19 users

Frank

Top 20

Why rationally Félix Tshisekedi cannot be re-elected

First the Congolese will not forgive him for getting closer to Kagame.

Then, the capture of Bunangana by the small Rwanda until today (4 months and no major action under counter-attack), almost all the roads are not passable, the generalized strikes in particular in the universities and public higher institutes as well as in nursing circles; the embezzled money was never returned to the public treasury while releasing the suspected and convicted embezzlers from prison; the Congolese have not forgotten that the RAM stole a lot of money from them; they were never compensated; 80% of Congolese do not have water to drink (return to cans to the detriment of taps) and electricity (the use of a Chinese torch becomes the rule and electricity the exception).


There is also the ton of unfulfilled presidential promises; the housewife's basket is constantly reduced and food and bread once again become a luxury; the mpiodi promised to the Congolese to celebrate the happy new year 2022 is still waiting and finally unemployment and informal jobs for survival are increasing.

We must add to these popular discontents, the normal political games in politics and democracy: katumbi, Fayulu, Mukwege, Diongo, Sesanga will coalesce against him, if only one of them is not in a position to beat him.

Finally, foreign influence.

It is true that the country of Lumumba does not deserve foreigners to meddle in our affairs to impose presidents, but unfortunately this is what has been done since the assassination of P E Lumumba: the arrival of Mobutu, LDKabila, J Kabila and de FATSHI have been there.

Ignoring this negative and unfortunate reality is political blindness and bigoted emotion.

FATSHI, reproached by the USA for having done nothing to judge Joseph Kabila and to diminish the influence of China in the DRC, will hold him to account.

The European Union is in the process of setting its sights in turn on Doctor Mukwege.

Honestly, rationally and scientifically, the re-election of FATSHI is not possible even if he planned the kabilie fraud.

Professor Lohata Tambwe Okitokosa Paul–Rene


things-that-make-you-go-hmm.jpg
 
  • Thinking
  • Like
  • Wow
Reactions: 7 users

Bin59

Regular
Didn't Chris Ellison / MinRes do the same thing to Pilbara Minerals just before they got their licence? Something to do with a ROFR claim tied to a tenement bought by PLS.

I think PLS ended up settling for a similar chunk.
That’s right j.l,

 
  • Like
Reactions: 8 users

Frank

Top 20
Financial Times Africa Summit: Félix Tshisekedi is set to meet British Prime Minister Ms. Truss in London

The President of the Republic, Félix-Antoine Tshisekedi, speaks, this Tuesday, October 18 at Africa Summit of the Financial Time in London, on investment in Africa and the DRC.

The Head of State is the guest of honor and main speaker at this forum.

This London summit, the first in Europe and third in the world after New York and Hong Kong, reports the Congolese Press Agency, is the annual meeting of investors interested in Africa.

Specialized in mineral raw materials, this business framework brings together economic operators wishing to know the present and the future of the world to invest in the right places and at the right time.

The agenda of President Félix Tshisekedi, who will spend 48 hours in London, provides for a meeting with the British Prime Minister, Mrs. Truss, and exchanges in particular with investors and leaders of the Chamber of Commerce and Industry of the United Kingdom .

Organized under the theme: “Investing in Africa”, the summit will bring together high-level delegations from governments, companies, political decision-makers and investors.

The Summit will deliberate on the impact of the COVID-19 pandemic and the war in Ukraine, the preparation for COP27 in Egypt, how African economies are defining their priorities in the sectors of energy, transport, manufacturing and others.

The forum will also discuss how the African Continental Free Trade Area is changing the investment environment on the continent.

mediacongo


#Talk.jpg



#Patience #.jpg


#Spannerintheworks.jpg
 
  • Like
Reactions: 6 users

Bin59

Regular
As the Manono project is in the Tanganyika province - this post 14/10/22 might be of interest:



1666095529862.jpeg


1666095575131.jpeg
 
  • Like
Reactions: 4 users

CashKing

Regular
Plane rides are more fun it seems…
 
  • Like
Reactions: 5 users

Der Geist

Regular
I thought you sold all your shares

…when will people learn to focus on the stock not posters?

Back to stock:
“I think it’s complex, where is the better Good?”

Where is the better Good? If it’s true AVZ notified ASIC of Congo Jungle conditions?

My view is also it is hard to defend management on every point in the rule book

Anyone seen the full length transport study appendices T1 T2 in AVZ DFS? First one to locate “Infraology’s two reports… T.1 and T.2” , and I’ll delete my TSE
account


“ Infraology’s two reports can be seen in Appendices T.1 and T.2 of the DFS report.”

 
  • Like
Reactions: 1 users

Der Geist

Regular
It reads like it is at the ASX's discretion whether to enforce regardless of anyone's claims but you do you. Personally I think companies should have to disclose immediately even in suspension.
I read before and after highlighted and I think it was about nutting out what is reasonable time,

Agree about even in suspension. For AVZ it relies on “subject” as incomplete
I hope no one is suffering from tax assessments
 
  • Like
Reactions: 2 users

Winenut

GO AVZ!!!!
1666104964081.gif


FFS who left the screen door open.......
 
  • Haha
  • Like
  • Love
Reactions: 26 users
We are fucked and there's no coming back from it.
Objectively untrue. Just as bad as saying everything is going great. Not necessarily happening the way we would like or on the terms we would prefer but it is realistic to continue to expect value on this investment in the future.
 
  • Like
  • Love
Reactions: 14 users

Doc

Master of Quan
…when will people learn to focus on the stock not posters?

Back to stock:
“I think it’s complex, where is the better Good?”

Where is the better Good? If it’s true AVZ notified ASIC of Congo Jungle conditions?

My view is also it is hard to defend management on every point in the rule book

Anyone seen the full length transport study appendices T1 T2 in AVZ DFS? First one to locate “Infraology’s two reports… T.1 and T.2” , and I’ll delete my TSE
account


“ Infraology’s two reports can be seen in Appendices T.1 and T.2 of the DFS report.”



It’s all about credibility of which you have none.
 
  • Like
  • Fire
  • Love
Reactions: 11 users

Bray

Regular
Hate to say it but sadly guys, (and not specifically, girls too... and others I guess) from my point of view, it's time to move on.
We are fucked and there's no coming back from it. Time to bite the pillow and take the pineapple as they say.

This whole thing stinks... and I've seen it happen several times over with other penny stocks I've owned.
Say bye bye to your millions and toughen up the fight and move on.

Gonna be hard building up that base again but it can be done trust me. Good traders know how.

Sad story for all involved but when you have a system that is so rotten to the core that even it's own head is fearful of cutting it out to spite it's own face then we have a pretty much Buckley's chance of progression.

The best we can hope for is a lift of suspension under the guise of "imminent" good news. A slight pump form charred shorters. Then plummet into the abyss.

I will race you to the door.

IF.. and a big IF, it doesn’t/cannot return to a positive outcome, surely AVZ will resume ‘trading’ and a first in best dressed sell off will happen. Get whatever you can like a bunch of seagulls going after chips at the beach

Personally I’m still very hopeful that we will see a positive outcome just a matter of wading through the constant shit at our door
 
  • Like
  • Love
Reactions: 12 users

Bin59

Regular

Africa Summit 2022: President Tshisekedi calls on foreign entrepreneurs to come and invest in the DRC​

Bymukendi
hours ago
FB IMG 1666094456705

"Do not consider our weaknesses but our desire for change", this is the key word to remember from the speech that the President of the Republic gave during his speech on Tuesday, October 18, 2022, in London, on the occasion of the summit on Africa organized annually by the Financial Times (FT).

This foundation to which the FT suits the influential leaders of this world has been enhanced this year by the presence of Félix Antoine Tshisekedi, also present as Honorary President of the AU, the pan-African organization, current president of CEEAC and SADC, two major sub-regional organizations on the continent.

According to a presidential press dispatch consulted by RTNC.CD, Félix Antoine Tshisekedi returned to the issues and challenges facing the DRC under its presidency.

The causes of the war of aggression imposed on it by Rwanda via the M23 terrorists. The issue of environmental preservation, the business climate, investment opportunities, the opportunities offered in the green economy, a way for him to give appropriate answers to the theme raised at this summit.

Regarding the presence of the M23 terrorists in Bunagana, as he had done at the United Nations tribune, the Financial Times guest did not go there from the back of the spoon by calling once again to the international community, which is slow to weigh its weight to resolve this security crisis inherited from the reception on Congolese soil, Rwandan refugees who had fled the war at home, with the harmful

According to the same source, Félix Tshisekedi also did not mince his words when it was time to defend the ongoing process of the allocation of oil and gas blocks, which is not unanimous among environmentalists and other activists fighting against climate change. The DRC, he said, is the solution country and is committed to this vocation. On the other hand, its populations have the right, as is the case, for example, in Gabon and Norway, to benefit from its natural resources, as long as the authorities respect the conventions established in this field and no law, be it is international, prohibited.

On the same path, the President of the Republic did not fail to reassure those whose doubts remain about the supposed absence of the business climate. It is the first to come who are served first, he said, as if to say that the instability conveyed by some media to discourage investors is not fully founded. While some are hesitating, he says, the country is really on the way to recovery, through large-scale projects in the field of agro-industry, energy and strategic minerals that enter into the manufacture of batteries for electric vehicles, for example.

The Head of State also marked his intervention by highlighting his desire to put good governance at the heart of his political action. He named cited the case of telecommunications companies that are currently being hunted, because of the tax evasion they have shown for years and that cause the Congolese state to lose billions of dollars annually. President Tshisekedi is determined to put an end to it to definitively break with the defects of past regimes.

This afternoon, the Head of State's agenda includes two interviews, one with the BBC and the other with the Times.

It is worth recalling that President Félix-Antoine Tshisekedi Tshilombo has been staying in London since Monday with a strong delegation.
 
  • Like
  • Sad
  • Thinking
Reactions: 13 users

Xerof

Flaming 1967
Amazing how the worm turns with conversations. A read of the Annual report should provide a good dose of optimism for some form of positive outcome. But then a few comments on some of the hurdles we have had to jump to get there sends the dialogue into a spiral of negativity within hours

chins up chaps, and chapesses, we seem to have won the race, just a stewards enquiry to clear us as winners, and we can collect the trophy IMO
 
  • Like
  • Love
  • Fire
Reactions: 49 users
Top Bottom