AVZ Discussion 2022

[Sparrowhawk12]

Haha yes Katamba mining = Zijin.

Cominiere have always said that we weren't allowed to sign that rehabilitation PPP with the Ministry of Energy as the faciliity wasn't theirs to give - as Cominiere owns it. Whether there's any grounding to that is almost immaterial at this point, as they are taking the position that its fact - and unravelling that will likely not be simple or quick without a seeningly unlikely intercession from on high

Totally unsurprisingly that they've 'given' it to Zijin, who also unsurprisingly, are not withdrawing their efforts re: Manono. Shock horror. They will probably use this wedge to leverage us into accepting their involvement in the project. Without that power, the project is a no-go.

Tackling this legally could put another massive roadblock in the way of the project. They're smart operators, Zijin. Especially with Cominiere and CAMI in their pocket.

It may be an unpopular opinion, however I'm slowly converging towards the stance that we should just accept a 15% Zijin involvement, and pay Dathomir the extra chunk they wanted for their 15%.

It would massively stick in my craw and cause blood to boil, but I just don't see how else we can maneuver through the rapids these guys are putting in our way in a concerted campaign. It could take years to sort through all the shit, and we are pushing back the likely production date already IMO into 2025 - even if we win in the campaign (which isn't certain)

Give those burggers a 30% inch and they'll take it all.

 

[Mr Inappropriate]

@Sammael

This is the last I had seen

https://constructionreviewonline.co...furbish-old-mpiana-mwanga-hydropower-station/

hoping the ink dried

hmm - the words “investigate” and “feasibility” appear In that article. Something more definitive had better exist.

 

[Mr Inappropriate]

There's always diesel anyway, right?

Batteries!
Wait, what?

 

[Samus]

Mate, I'm hoping you know a whole lot more than me. This is the first to be heard about the DAM. The old article was about the JV with COMINIERE

Has our mate been dealing behind the bike sheds yet again?

They take turns gobbling off Congs tiny wiener behind the TTX tailings pile in return for bags of snacks.

 

[The Fox]

hmm - the words “investigate” and “feasibility” appear In that article. Something more definitive had better exist.

It will be a very interesting RS event in Melbourne next week.

https://en.m.wikipedia.org/wiki/Piana–Mwanga_Hydroelectric_Power_Station

 

[Rediah]

Thank you,
Found these 3 when searched for AVZ.

View attachment 17165

View attachment 17166
View attachment 17167
View attachment 17168

Above, the hydro power station is one of the 3 projects running under AVZ according to the search results in my above post.

 

[wombat74]

Klaus flicks Nth/CDL to Zijin . Zijin controls the Power Station . Not sure if Zijin can hold AVZ to ransom in this situation ? What's Cath going to do ? If any of this is true , you can see the Chinese chess manoeuvres playing out here .

 

[Frank]

Give those burggers a 30% inch and they'll take it all.

*Fyi, I see where

It has been 4 years since the DRC revised the mining code.

This has provided three levers with a mandatory and binding nature for mining companies.

These are the mining royalty, the specifications and the endowment of 0.3% of the turnover of mining companies.

Indeed, two years after the promulgation and implementation of the revised mining code, some mining companies have proceeded to the regular payment of mining royalties.

And also, at the signing of the specifications. But as for the allocation of 0.3%, there is a great delay in its implementation.

Who is responsible ?

Some companies accuse the Congolese state.

Because for them, they are responsible for slowing down the staffing process.

Other mining companies indicate that the delay is due to the many problems faced by mining companies.

Elise Kalasa, an executive at Ruashi Mining, mentioned a few.

It is, among other things, the harassment and the invasion of their mining squares.

In addition, the difficulties related to electricity which prevent companies from realizing the revenues planned by the mining project.

Added to this, the development of the manual for the implementation of the endowment which has just been carried out 3 years after the revision of the mining code.

"Companies pay the fee regularly, but we do not feel the support of the State within the framework of its responsibilities".

For civil society, the delay is accentuated by the designation and installation of specialized organizations set up by the national ministry of mines and social affairs.

These procedures require that only the delegation from Kinshasa proceed with the designation and installation of members of specialized organizations for the management of the 0.3% allocation.

As a result, civil society indicates that work is underway to develop advocacy. This, for the simplification of these procedures.

Let's say that the delay in the process of the 0.3% allocation was the subject of debate.

It was during the training workshop for members of specialized agencies organized by the Carter Center.

It was the conference room of the Lubumbashi hotel that served as the setting for this activity.

This lasted two days, from November 3 to 4, 2022.

 

[Hemicuda]

Hope nige and co have the Sofitel booked all Monday night,

 

[antimatter]

Fuck me, all this new info is like death by thousand up your behind.

 

[Bin59]

View attachment 21365

Above, the hydro power station is one of the 3 projects running under AVZ according to the search results in my above post.

Note that the wiki page provided (thanks @The Fox) was last edited 8 months ago:

 

[Azzler]

The Article about the Hydro-power facility has no date, no name, list zero sources, published on the dodgiest looking web site, written in biased language and is agenda driven.
The same language used in the mines.cd tweet, and it also uses the same picture that the mines.cd used in their tweet.

I will bet both my nuts that this is 100% bullshit, fake, rubbish. *** YES BOTH NUTS MY DUDES! ***

I'm now completely unconcerned about it. We will seek clarification of course.

 

[wombat74]

The Article about the Hydro-power facility has no date, no name, list zero sources, published on the dodgiest looking web site, written in biased language and is agenda driven.
The same language used in the mines.cd tweet, and it also uses the same picture that the mines.cd used in their tweet.

I will bet both my nuts that this is 100% bullshit, fake, rubbish. *** YES BOTH NUTS MY DUDES! ***

I'm now completely unconcerned about it. We will seek clarification of course.

Both NUTS . I like your conviction . Yeh it's a desperado attempt by the looks of it. ML is imminent and Shorters want to put enough uncertainty out there and trigger a massive dump on open . IMO

 

[BEISHA]

Being overseas and unable to attend to a RS doesn't help my feeling of being outside the information bubble, however management are undoubtedly flat out and I don't really want to bug them in phone calls or emails to seek an understanding of what's going on - their time is better spent in fighting the good fight. Frustrating moment in time. Though ultimately I guess I can't do anything to influence the situation thats underway, so in the interim I'll just keep trying to make some sort of sense out of the few snippets that are being promulgated

@Tysons

If its any consolation, i havnt received any PMs from the Perth roadshow, so i am in the dark about alot of things too, but i can assure you, i will be clearing my calendar on the 18/11/22 and attending the AGM at Fraser ballroom , 10 Adelaide Tce, East Perth ( literally 10 minutes away from where i live ) with all the questions i compiled for JAG plus more and i will reveal to ALL in the OPEN FORUM once i get home and compiled.

Thats less than 2 weeks away .

 

[Samus]

The Article about the Hydro-power facility has no date, no name, list zero sources, published on the dodgiest looking web site, written in biased language and is agenda driven.
The same language used in the mines.cd tweet, and it also uses the same picture that the mines.cd used in their tweet.

I will bet both my nuts that this is 100% bullshit, fake, rubbish. *** YES BOTH NUTS MY DUDES! ***

I'm now completely unconcerned about it. We will seek clarification of course.

That's fairly clear from the start, trouble is they keep putting it out there and piling on the bullshit. Exactly what those in Perth were warned of a few days ago.
The disinformation campaign is out of control and always comes to a crescendo when there's the feeling of good news incoming.
Shareholders & particularly drc locals no longer know up from down.
Bag of snacks goes a long way in the jungle.
Trouble is the fucking AFR has also played into it along with a whole lot of lazy media outlets worldwide.
They've barely had a thing to say after the latest releases from the company however.

 

[Rediah]

And....

 

[MoneyBags1348]

Mate, I'm hoping you know a whole lot more than me. This is the first to be heard about the DAM. The old article was about the JV with COMINIERE

Has our mate been dealing behind the bike sheds yet again?

There was a previous article exactly the same as the one @Sammael posted. Have a look there’s no date on it.

I can’t find the previous article but Cominiere claimed we never had the right to refurbish the mpiana hydro power plant. We had an MOU with the DRC to refurbish it and it was in the DFS.

DRC partners with AVZ Power to refurbish Mpiana-Mwanga hydro-electric power station

DRC partners with AVZ Power to refurbish Mpiana-Mwanga hydro-electric power station

africabusinesscommunities.com

Fuck me, once again I’m too late…. Already been answered by @Azzler @Sammael and @Rediah

Won’t hurt to inform Nigel, but my guess the disinformation could come from anywhere including Geist, because it’s not on any Zigin or Cominiere link I can find now

 

[Rediah]

View attachment 21365
Above, the hydro power station is one of the 3 projects running under AVZ according to the search results in my above post.

Good people of Onsite Ventures are located in Dubai, my home town, so I spoke to the lady around the time I posted above search results and she confirmed 3 projects are listed with them that are run by AVZ Minerals.

Now, unless Zijin have started a new company named AVZ Minera1s and running that Hydropower station under that entity, then thats a different story.

 

[cruiser51]

The Article about the Hydro-power facility has no date, no name, list zero sources, published on the dodgiest looking web site, written in biased language and is agenda driven.
The same language used in the mines.cd tweet, and it also uses the same picture that the mines.cd used in their tweet.

I will bet both my nuts that this is 100% bullshit, fake, rubbish. *** YES BOTH NUTS MY DUDES! ***

I'm now completely unconcerned about it. We will seek clarification of course.

Wow, BOTH!!! Fucking hell!!!

 

[BEISHA]

And....

View attachment 21372

View attachment 21373

Personally, MOUs dont hold alot of weight, LOIs much the same, its not concrete, that being said if the narrative did change, then that should of been conveyed via the ASX / shareholders as per continuous disclosure rules.

imo