AVZ Discussion 2022

[Dom1974]

I assumed it is COMINIERE board who need to hold EGM, not DATHCOM.

Which is it - anyone?

Fair point. I assumed Dathcom, as it consists of 75% AVZI and 25% Cominiere. So to transfer 10% of Cominiere that sits within the Dathcom structure and ceding 10% as specified in shareholder agreement, it's Dathcom EGM. Again, my assumption.

 

[Frederick Will]

I assumed it is COMINIERE board who need to hold EGM, not DATHCOM.

Which is it - anyone?

I'm pretty sure it's cominiere but where the feck did I read that. I guess we can ask Nigel tomorrow

 

[Xerof]

Fair point. I assumed Dathcom, as it consists of 75% AVZI and 25% Cominiere. So to transfer 10% of Cominiere that sits within the Dathcom structure and ceding 10% as specified in shareholder agreement, it's Dathcom EGM. Again, my assumption.

Yep, makes sense. In that case, no issues but that should be a Q for Friday

 

[Remark]

Yep, makes sense. In that case, no issues but that should be a Q for Friday

Umm, the AGM is on Thursday isn't it?

 

[LOCKY82]

https://twitter.com/Axle58845673?t=zFKXNXBfa9ulvhl6pw9BbA&s=09

Who's this chap? Joined November 2022 and bagging about big time on twitter saying sell for 50c .
Interestingly of his 3 followers 1 is NF and another is momentum

 

[Bin59]

“An extraordinary general meeting of Dathcom will now be convened in late July or early August to approve the sale of additional equity within Dathcom to AVZ.”

Based on a previous EGM, would it be a Dathcom EGM that is required?

AVZ Minerals to increase equity stake in Manono project

AVZ Minerals has executed a Share Sale Purchase Agreement with Dathomir Mining Resources to increase AVZ’s equity in the Manono Lithium and Tin Project.

www.miningreview.com

 

[Xerof]

Umm, the AGM is on Thursday isn't it?

Correct. Fucking hell…

 

[Scoota30]

https://twitter.com/Axle58845673?t=zFKXNXBfa9ulvhl6pw9BbA&s=09

Who's this chap? Joined November 2022 and bagging about big time on twitter saying sell for 50c .
Interestingly of his 3 followers 1 is NF and another is momentum

It just gets weirder every day....

 

[Roon]

They want it done pro rata. Slugging us the 10% would be too obvious. But they think they can blag another 6% from us by saying everyone should cede an even amount. Most likely a Chinese idea to play this angle. Hypothetically if it worked and Dathomir somehow got their 15% back then it would leave us with only 54% pre CATH deal.

Also there is a certain percentage that has to go back to othe DRC government at some point in the future. 5% in 10 years or something like that. You just know we will be expected to give up more then too. They won't stop until they have us at least 50% or lower. China are the masters of long term lawfare. They will try every trick in the book to get control of Manono.

I did actually see Princess also mentiom the idea that AVZ should cede 10% as the majority owner.

This was mentioned at a different tike than her other statement that it should be done pro rata.

She trying the dart board approach. Throw the lot and see what sticks

 

[wombat74]

At Melb RS Nige answered my CDL question saying "CAMI's refusal (so far) to give us PE for RD+CDL (or RD-PE + CDL-PR in 1 go) is one of the things holding up progress to getting ML - I suspect its the main hold-up. Obviously Surface Rights fees won't be agreed/paid until PE or PE+PR are sorted. IMO.

So all the talk about the ML being available for RD/SthCDL if we accept the carve up was just a load of rubbish .

 

[Roon]

Not necessarily. It still fits with the provided info

So all the talk about the ML being available for RD/SthCDL if we accept the carve up was just a load of rubbish

 

[Samus]

I’ve been getting anxiety ads

What's the solution?

 

[Chilla]

You've got absolutely no idea of why Cami are holding things up you goose! Stop the scaremongering as it's not helping in the slightest.

Cheers,
Nells

Keep your head up your arse and leave it to others to keep the BoD accountable

 

[CashKing]

What's the solution?

Apparently I’ve bought my last car and need to get a job FFS.. This isn’t how I pictured my next 40 years

 

[Misfits]

Keep your head up your arse and leave it to others to keep the BoD accountable

Nell has been a solid contributor on here for quite sometime. I am not sure anybody has kept the BOD accountable at all, going by where we are currently at and no real answers from the fluffy RS. Lots of chest pumping prior to RS and no answers. I feel the AGM will be very similar with lots of nicety from the BOD and holders. We just need to wait and see which card falls next I suppose.

 

[Charbella]

It just gets weirder every day....

Sounds like Shelly Craft is back!

 

[Remark]

https://twitter.com/Axle58845673?t=zFKXNXBfa9ulvhl6pw9BbA&s=09

Who's this chap? Joined November 2022 and bagging about big time on twitter saying sell for 50c .
Interestingly of his 3 followers 1 is NF and another is momentum

His image search doesn't add any credibility....

 

[Samus]

Apparently I’ve bought my last car and need to get a job FFS.. This isn’t how I pictured my next 40 years

View attachment 22151

View attachment 22152

So it gives you further anxiety then suggests a cure?

 

[Bin59]

https://mines.cd/g20-julien-paluku-sollicite-lappui-demmanuel-macron-pour-la-fabrication-de-batteries-et-voitures-electriques-en-rdc/

​

G20: Julien Paluku requests the support of Emmanuel Macron for the manufacture of batteries and electric cars in the DRC​

November 16, 2022


Organized under the theme "to get up together and stronger", the G20 meeting of the group of 20 industrialized and emerging countries had the participation of the Congolese Minister of Industry, Julien Paluku Kahongya.

In addition to the Russian-Ukrainian crisis and its consequences in Africa and other continents, several other topics were at the heart of the exchanges held in Bali, Indonesia, including agriculture, the digital economy and the Environment.

On the occasion of the official reception of the guests of this meeting, which brought together the main world economies, the Minister of Industry, Julien Paluku Kahongya, spoke with French President Emmanuel Macron.

He called on him to support the Democratic Republic of Congo in the materialization of the large pan-African project of the installation of a first precursor battery manufacturing plant in the province of Haut-Katanga and in the process of installation of the Special Economic Zones that augurs the local transformation of Congolese natural resources.

Speaking of the study conducted by Bloomberg, Julien Paluku Kahongya told the French President that the Democratic Republic of Congo is the best destination in the world for the battery and electric vehicle industry thanks to its strategic minerals including cobalt, lithium and manganese.

"French investors are therefore welcome in the Democratic Democratic Republic of Congo, because they are full of enormous potential in several areas," added the Congolese Minister of Industry during this one-on-one.

In addition to the French President, Minister Julien Paluku Kahongya also spoke with the Biden administration advisor to the State Treasury Department, Jhon Morton on the issue of the re-industrialisation of the DRC.

With these meetings, the Congolese Minister of Industry further consolidates the industrial diplomacy of the Democratic Republic of Congo.

It should be noted that the Democratic Republic of Congo was represented at this G20 meeting by Eve Bazaiba and Julien Paluku Kahongya, respectively Deputy Prime Minister, Minister of Environment and Sustainable Development and Minister of Industry.

Kiro Wonders​

 

[DiscoDanNZ]

What's the solution?

For a lot of us it was probably sell at $1.20+