AVZ Discussion 2022

[John25]

Heavy Hitters 31st of October starting in Perth which is Tomorrow week

 

[ChrisU]

Thanks Onthefm.

I try not to speculate, but I will.

My guess is that AVZ proposes to spin off Carriere de l'Este into a separate entity. The proposal will be presented in detail first at the roadshows, and then to all shareholders for approval at the AGM. In this way the company gets its major shareholders on board ahead of the AGM, and also evades the continuous disclosure rules.

Pure guesswork because I am otherwise in the dark as much as anyone.

Cheers
F

There is no evading continuous disclose rules. The test is extremely tight.

 

[Nbaz]

Heavy Hitters 31st of October starting in Perth which is Tomorrow week

Good man, thanks. I couldn't for the life of me remember where I saw the dates for all the roadshows.

 

[ChrisU]

Especially when it is the first of 5 roadshows in the following 2 weeks. What will they talk about for the rest of the tour dates if there is no new information and we are still suspended?

They are basically running the old Big Day Out schedule so they better have something good to tell us that is worth the cost and the time taken away from the work they should be doing in the DRC if things aren't sorted.

There has to be a decent announcement that they plan on releasing to the market this week or on the 31st for them to be doing this. It is unfathomable that they would organise these events before the AGM without some substantial news.

There is a lot to talk about. So many project parts evolved.
Recall, that this Australian roadshow was supposed to be done earlier this year but Nigel was lured to Germany?

 

[Dazmac66]

Thanks Onthefm.

I try not to speculate, but I will.

My guess is that AVZ proposes to spin off Carriere de l'Este into a separate entity. The proposal will be presented in detail first at the roadshows, and then to all shareholders for approval at the AGM. In this way the company gets its major shareholders on board ahead of the AGM, and also evades the continuous disclosure rules.

Pure guesswork because I am otherwise in the dark as much as anyone.

Cheers
F

Interesting proposal to spin off CDL. Any idea on how this would work? If it were a JV for example what happens with the funds paid by the buyer? Eg special dividend. How would this effect the SP? Can't get my head around how this would play out. Sounds feasible though even if it isn't the reason for the roads shows.

 

[Flight996]

There is no evading continuous disclose rules. The test is extremely tight.

Thanks R2D2

Maybe I should have said that because it's a proposal only, it does not fall foul of the continuous disclose rules.

Cheers
F

 

[ChrisU]

Thanks R2D2

Maybe I should have said that because it's a proposal only, it does not fall foul of the continuous disclose rules.

Cheers
F

My reading of ASX literature indicates even a proposal doesn’t necessarily release a company from CDs.
Even MOUs are marked market sensitive for that reason.
Last paragraph at Bottom of page 25 and Page 26 are worth a read, as examples.

https://www.asx.com.au/documents/rules/Guidance_Note_8.pdf

 

[Bin59]

The Chamber of Mines of the Federation of Enterprises of the Congo (FEC) closed, on Thursday, October 20, 2022, in Kinshasa, a mining forum focused on the theme: "Mining activity in the DRC and its challenges: evaluation of the revised 2018 Mining Code".​

At the end of these meetings, several recommendations were made by the four committees set up for this purpose. These are the Mining Law Commission; the Energy, Transport and Logistics Commission; and the Taxation and Customs Commission.

First: Mining Law Commission

At this level, six problems have been identified:

- the problem of access to the exercise of Mining and Career Rights: it was recommended to revise Article 23 bis of the Mining Code by clarifying the conditions reserved for legal persons under Congolese law and those required for foreigners.

- the interference of unauthorized services in the administration of the Mining Code and its implementing measures. Here, it is necessary to clarify the services under each department authorized to intervene under Article 16 of the Mining Code.

- the problem of the invasion of the perimeters of mining and quarry rights: To remedy this, participants suggest that it is necessary to accelerate the creation of several viable EASs and prune point e of Article 30 of the Mining Code and diversify the economic activities of craftsmen.

- failure to meet deadlines in the procedure for granting mining or career rights and issuing mining and career titles. In this regard, they believe that the Mining Cadastre should be instructed so that this service complies with the deadlines provided for in the legal texts and the provisions relating to the granting officio.

- the industrialization of the mining sector: provisions laying down the content of the industrialization plan as well as the procedures for filing, approval and monitoring of this plan must be included in the mining regulations.

- the institution of artisanal exploitation areas: the provisions requiring the Minister to request the opinions provided for in Article 109 of the Mining Code must be respected.


The whole article can be read here:

Forum d’évaluation du Code minier : la Chambre des Mines de la FEC recommande la suppression de toutes les taxes redondantes

La Chambre des Mines de la Fédération des Entreprises du Congo (FEC) a clôturé, le jeudi 20 octobre 2022, à Kinshasa, un forum minier axé autour du thème : « L’activité minière en RDC et ses défis : évaluation du Code minier révisé de 2018 ». Au terme de ces assises, plusieurs recommandations...

zoom-eco.net

 

[Onthefm]

Thanks Onthefm.

I try not to speculate, but I will.

My guess is that AVZ proposes to spin off Carriere de l'Este into a separate entity. The proposal will be presented in detail first at the roadshows, and then to all shareholders for approval at the AGM. In this way the company gets its major shareholders on board ahead of the AGM, and also evades the continuous disclosure rules.

Pure guesswork because I am otherwise in the dark as much as anyone.

Cheers
F

Could be a cunning plan. that cunning you could put a tail on it and call it a weasel. As long as we actually own it.

 

[Carlos Danger]

Interesting proposal to spin off CDL. Any idea on how this would work? If it were a JV for example what happens with the funds paid by the buyer? Eg special dividend. How would this effect the SP? Can't get my head around how this would play out. Sounds feasible though even if it isn't the reason for the roads shows.

The money raised through a potential sale of CDL would be used to fund building the mine for RD imo

This would mean less money borrowed through bank loans and minimal payback period.

 

[Frank]

The Chamber of Mines of the Federation of Enterprises of the Congo (FEC) closed, on Thursday, October 20, 2022, in Kinshasa, a mining forum focused on the theme: "Mining activity in the DRC and its challenges: evaluation of the revised 2018 Mining Code".​

At the end of these meetings, several recommendations were made by the four committees set up for this purpose. These are the Mining Law Commission; the Energy, Transport and Logistics Commission; and the Taxation and Customs Commission.

First: Mining Law Commission

At this level, six problems have been identified:

- the problem of access to the exercise of Mining and Career Rights: it was recommended to revise Article 23 bis of the Mining Code by clarifying the conditions reserved for legal persons under Congolese law and those required for foreigners.

- the interference of unauthorized services in the administration of the Mining Code and its implementing measures. Here, it is necessary to clarify the services under each department authorized to intervene under Article 16 of the Mining Code.

- the problem of the invasion of the perimeters of mining and quarry rights: To remedy this, participants suggest that it is necessary to accelerate the creation of several viable EASs and prune point e of Article 30 of the Mining Code and diversify the economic activities of craftsmen.

- failure to meet deadlines in the procedure for granting mining or career rights and issuing mining and career titles. In this regard, they believe that the Mining Cadastre should be instructed so that this service complies with the deadlines provided for in the legal texts and the provisions relating to the granting officio.

- the industrialization of the mining sector: provisions laying down the content of the industrialization plan as well as the procedures for filing, approval and monitoring of this plan must be included in the mining regulations.

- the institution of artisanal exploitation areas: the provisions requiring the Minister to request the opinions provided for in Article 109 of the Mining Code must be respected.


The whole article can be read here:

Forum d’évaluation du Code minier : la Chambre des Mines de la FEC recommande la suppression de toutes les taxes redondantes

La Chambre des Mines de la Fédération des Entreprises du Congo (FEC) a clôturé, le jeudi 20 octobre 2022, à Kinshasa, un forum minier axé autour du thème : « L’activité minière en RDC et ses défis : évaluation du Code minier révisé de 2018 ». Au terme de ces assises, plusieurs recommandations...

zoom-eco.net

*Great article, Well done on "Digging it Up" Thanks for sharing Bro

*All Spelt out in Black and White in plain English anyone, even a President can understand

The problem of the invasion of the perimeters of mining and quarry rights:

To remedy this, the participants suggest that it is necessary to accelerate the creation of several viable ZEAs and prune point e of article 30 of the Mining Code and diversify the economic activities of craftsmen.

Non-compliance with deadlines in the procedure for granting mining or quarry rights and issuing mining and quarry titles.

On this subject, they consider that the Mining Cadastre should be instructed so that this service respects the deadlines provided for in the legal texts and the provisions relating to the granting of office.

*To add,

Five issues were identified: – the problems of the insufficiency in the supply of electrical energy in quantity and quality to cover the growing energy demand of mining companies.

Here, it was recommended in the short term to rehabilitate existing hydropower plants through Public Private Partnerships (SNEL and mining companies).

 

[John25]

Good man, thanks. I couldn't for the life of me remember where I saw the dates for all the roadshows.

They’ve squeezed a NZ Roadshow between Perth & Brisbane

 

[Carlos Danger]

There is a lot to talk about. So many project parts evolved.
Recall, that this Australian roadshow was supposed to be done earlier this year but Nigel was lured to Germany?

Things have changed for the company since earlier in the year. There has been more than enough talking done by management prior to the suspension. It would be best if they focused on action in the DRC if they don't have important news to discuss at the roadshows.

 

[Dazmac66]

The money raised through a potential sale of CDL would be used to fund building the mine for RD imo

This would mean less money borrowed through bank loans and minimal payback period.

I would think selling 70/80 CDL would yield enough to build 5 mines. Anyway interesting topic for discussion down the track.

 

[Carlos Danger]

I would think selling 70/80 CDL would yield enough to build 5 mines. Anyway interesting topic for discussion down the track.

I reckon any potential buyer would want a decent discount considering they would still need to go through the mining licence process. Any money leftover would most likely go towards building the processing plants. Shareholders wouldn't get anything at this stage.

 

[Onthefm]

The money raised through a potential sale of CDL would be used to fund building the mine for RD imo

This would mean less money borrowed through bank loans and minimal payback period.

You would hope no payback period. So dividends from first production. But do we own rd ? Who fucken knows.

 

[ChrisU]

Things have changed for the company since earlier in the year. There has been more than enough talking done by management prior to the suspension. It would be best if they focused on action in the DRC if they don't have important news to discuss at the roadshows.

Personally, I want to hear about the cashflow plan

 

[cruiser51]

I reckon any potential buyer would want a decent discount considering they would still need to go through the mining licence process. Any money leftover would most likely go towards building the processing plants. Shareholders wouldn't get anything at this stage.

I don't know if people are aware that initially there is a limit on the amount of product that can be shipped ex Manono.

Suppose if they develop simultaneously 2 massive mines, who will be able to transport what, where and how?
Who will be able to utilise the power generated at Piana Mwanga?
Just a few minor points.

 

[Carlos Danger]

Personally, I want to hear about the cashflow plan

Personally, I think carting around multiple overpaid board members to 5 cities to discuss the cash flow plan when shareholders haven't been able to access their money for 6 months would be an insane move by management. That would be better being done at the AGM or in an announcement.

 

[Mr Inappropriate]

Give me that TO . Who's out of here for $1.50 ?

You’re missing a zero, wombie.