AVZ Discussion 2022

[Samus]

there has been no point in me commenting on speculation in the absence of info from the company….

Welcome to the royal shitshow Chilla, too late to turn back now
Hopefully you are only here for the tail end of it!

 

[Winenut]

Yes very frustrating indeed.

Under ASIC Australian Corporations Law and ASX Listing Rules imo AVZ would be considered to have control and therefore required to gain shareholder approval for any significant asset acquisition or disposal, therefore if Dathcom voluntarily wishing to relinquish a significant portion of PR13359 then AVZ would require shareholder approval as its disposal of a significant asset by a controlled entity. All imo.

100% agree

 

[Chilla]

Welcome to the royal shitshow Chilla, too late to turn back now
Hopefully you are only here for the tail end of it!

Yup im hoping so Sam and that this crap is sorted soon for ML award. No problem the other crap with Dathomir and Zijin taking its legal course in the background as i believe AVZ has a solid position in both cases

 

[Winenut]

100% agree

Dathcom itself is a DRC domiciled entity....not sure how that affects some of what is going on and the jurisdictional powers of ASIC in relation to AVZ's interest in it?

The structures unfortunately are not a clean cut and simple as we would probably like

Bit of a side issue but all part of the mess we seem to find ourselves in

 

[Chilla]

Problem is the carved off portion of the original 13359 seems to be up for a new permit number and new negotiations.....so is that still AVZ's "area"

That's the issue

According to the RS Presentation Powerpoint on 31 October 2022....Slide 9....Nige says "AVZ holds good legal title to the entirety of its interests".

So this is the very latest position of the company as far as i know and that PR13359 in its original entirety legally remains Dathcom title.

 

[Winenut]

According to the RS Presentation Powerpoint on 31 October 2022....Slide 9....Nige says "AVZ holds good legal title to the entirety of its interests".

So this is the very latest position of the company as far as i know and that PR13359 in its original entirety legally remains Dathcom title.

apparently...

 

[Chilla]

Dathcom itself is a DRC domiciled entity....not sure how that affects some of what is going on and the jurisdictional powers of ASIC in relation to AVZ's interest in it?

The structures unfortunately are not a clean cut and simple as we would probably like

Bit of a side issue but all part of the mess we seem to find ourselves in

Doesnt matter where a ASX listed companies controlled assets are in the world, the listed company still has to comply with ASX Listing Rules and ASIC laws regarding significant changes involving acquisition or disposal of significant assets under its control. If Dathcom was only 49% owned by AVZI then it might be a slightly different requirement as AVZ could be seen to be an investor only and therefore not in control of the asset imo.

 

[Azzler]

At this stage I am so traumatised I'm thinking who gives a shit about CDL, just get us the god damn mother trucking mining licence!!!!
I had to go buy some Kava tablets at the pharmacy yesterday! Feeling pretty unhinged.

So we got no contacts attending tonights RS?

 

[Winenut]

Just chewin' the fat and awaiting further official updates from management

NZ Roadshow could be interesting if it brings any further matters to light although one wonders what more they can say to select shareholders without being required to make an official ASX announcement

 

[BEISHA]

Firstly with regards to Nigel's situation I will let him speak first before I jump to any conclusions . Regards CDL . No surprises these scum bags would attempt something like this. Is it an attempted blackmail by the CAMI prick ? For me I have really only focused on Roche Dure . The potential 1 Billion tonne high grade Beast . If we can secure that I will be happy and grateful . I will be long gone before CDL comes into play (if we retain it ) . Lets not let the CDL issue f--k up the success of Roche Dure / Sth CDL .If I remember correctly our south CDL section alone is 200 mil tonnes +. Not a bad add on to have up your sleeve . We need that ML extremely imminently .

Begrudgingly, i am starting to align with your opinion amongst others..........ML for RD & southern CDL is more than enuff for AVZ / Dathcom to work with, remembering of course that RD is open in all directions and is more than likely 600+ million tonnes in itself, CDL is purported to be 1.5 billion tonnes, so add 700million tonnes plus RD ........thats 1.3 billion tonnes.

If the next official announcement came out that ML secured for RD with all the goodies to flow in such as updated DFS, SEZ, FID etc, construction " imminent " , then that would have a positive sentiment going forward, then all holders would have the option to stay or go.

But i have to also agree with @Winenut , it would still leave a bitter taste in my mouth due to the PRINCIPLE of ethics , morality and good faith.

i guess.

The price of doing business in a shit hole, with scum corrupt chinese entities plus corrupt DRC officials doing the bidding.

imo

 

[Winenut]

At this stage I am so traumatised I'm thinking who gives a shit about CDL, just get us the god damn mother trucking mining licence!!!!
I had to go buy some Kava tablets at the pharmacy yesterday! Feeling pretty unhinged.

So we got no contacts attending tonights RS?

Because of the Kava tablets or prior to taking them???

 

[BEISHA]

I’m attaching a few maps of the area of CDL that we have drilled plus a few ASX Announcements related to it.

I think the Klaus stuff is all bullshit, but Nigel should be questioned about all things mentioned earlier (Ownership in AJN and knowledge of CDL ownership issues)

What I would say is that the portion of CDL that is still covered under our current license is still the major portion of pegmatites in that NE zone

I attached @cruiser51’s map below for comparisons, so anyone wanting to make further assessments can use the maps and ASX Announcement to form your own opinions.

https://www.asx.com.au/asxpdf/20190215/pdf/442n0b273kjwm5.pdf

https://www.asx.com.au/asxpdf/20190219/pdf/442r120w26bdx5.pdf

https://www.asx.com.au/asxpdf/20190305/pdf/4436x7ch3d192j.pdf

Hey money

Off topic i know, but curious to know why FFX is in suspension ?

Care to share ?

 

[Winenut]

Begrudgingly, i am starting to align with your opinion amongst others..........ML for RD & southern CDL is more than enuff for AVZ / Dathcom to work with, remembering of course that RD is open in all directions and is more than likely 600+ million tonnes in itself, CDL is purported to be 1.5 billion tonnes, so add 700million tonnes plus RD ........thats 1.3 billion tonnes.

If the next official announcement came out that ML secured for RD with all the goodies to flow in such as updated DFS, SEZ, FID etc, construction " imminent " , then that would have a positive sentiment going forward, then all holders would have the option to stay or go.

But i have to also agree with @Winenut , it would still leave a bitter taste in my mouth due to the PRINCIPLE of ethics , morality and good faith.

View attachment 21229

i guess.

The price of doing business in a shit hole, with scum corrupt chinese entities plus corrupt DRC officials doing the bidding.

imo

I always played a straight bat in all my business dealings and relationships

Didn't always win but I can sleep at night and didn't have to get my bedroom furniture from the crooked bed shop...

 

[BEISHA]

I always played a straight bat in all my business dealings and relationships

Didn't always win but I can sleep at night and didn't have to get my bedroom furniture from the crooked bed shop...

DITTO.

 

[Xerof]

I'm asking on the NZ sharetrader.co.nz threads whether anyones going tonight. I'll report back

 

[Winenut]

Hey money

Off topic i know, but curious to know why FFX is in suspension ?

Care to share ?

I thought there were liquidity issues.....but that's just off the top of my head

It's not a stock I own

I'll have a bit of a dig around possibly....nothing else to do!

 

[Xerof]

I have a question to be put at the Brizzie RS

What is the status of the MOU over the rehabilitation of the Dam.
Do we still have rights to use it? (or has some other cunt snuck in the backdoor)

 

[Sterling]

What has me wondering is the wording of "AJN's site" recent News release stated .. "The State has therefore agreed to support the granting of a lithium licence, which covers part of the Manono pegmatite, to Congo Ressources SAU."

We all may assume its a research permit for lithium underground, but could it be just the remaining sections of the tailings dumps of Tantalex that had their over lapping licence onto AVZs site which got cut off with this split up of the 13359 site?

Maybe? Ajns is going to scoup up Tantalexs remaining cut off parcel? Even a possibility is Tantalex had to negotiate their cut off position loss as it could now overlap 2 licence permits, and Tantalexs licence had appeared to have expired in March this year too from my undertanding. Isn't Klaus involved in both Tantalex and AJN? Joint venture?

I personally think a deal has been done. between we can only speculate.
Whatever the outcome I think... believe.. is that AVZ will have a Win, its all about how big is this win going to be.
Euchreman

I raised the Tantalex issue after the roadshow. I suggested that Tantalex group would be endeavouring to get the rights to the area below the dumps and extra ground around the dumps. The response was quite definitive, and I was advised that they would get no new access in AVZ's area.

Let's relax and wait for official announcements.

I raised the Tantalex issue after the roadshow. I suggested that Tantalex group would be endeavouring to get the rights to the area below the dumps and extra ground around the dumps. The response was quite definitive, and I was advised that they would get no new access in AVZ's area.

Let's relax and wait for official announcements.

 

[cruiser51]

Maybe we going to get another ASX announcement, prior to the NZ RS, so they can bleed some more information.

 

[Winenut]

Hey money

Off topic i know, but curious to know why FFX is in suspension ?

Care to share ?

I think I was on the right track

I believe they ran out of money and got in a pickle getting Morila Resource to production

Subsequently did a recapitalisation....but yeah still in suspension so possibly still underlying problems