AVZ Discussion 2022

[cruiser51]

Jean Felix!!

Simon Cong

 

[Frank]

I read the announcement and thought that's nice and positive, time for action on these corrupt fuckers.

Then I came here and read 2 pages of you guys jumping off the roof followed by a page and a half of the calm after the storm...

Calm your tits people, take a breath.

Now lets mow down some corrupt fucks

*Ditto Disco, as they say,

Food for thought

Frank

*p.s - To Remind,

 

[Hodlandwin69]

So just to clarify, do we currently have 60% or 75%. (Not including the 15% sold to Zijin illegally)????

 

[Frank]

The fact this has been released by AVZ is interesting and a positive sign, usually they are silent when these corrupt fuckwits get caught with their hands in the cookie jar.

On reading through this report, I don't get where the negativity is coming from? This is what we have been screaming out for for months now. Its finally happening!!

This report is clear ... AVZ has acted legally meanwhile Cominiere & Dathomir & Kayinda all ILLEGALLY

IGF is trusted by Felix, the writing is now on the wall

Fuck Yeah !

Speaking of Corrupt Fuckwits getting caught with their hands in the Cookie Jar

Did you see where

Glencore will pay 180 million USD on behalf of its related companies in the DRC accused of acts of corruption

The Glencore group will pay 180 million USD on behalf of its related companies in the DRC, accused of acts of corruption for all present actions, but also future for acts between 2007 and 2018.

An agreement has been reached between the DRC and the group Glencore on corruption charges against the Swiss mining giant.

This information is contained in a press release made public on Monday 5 December.

This press release specifies that this agreement relates in particular to the activities of certain subsidiaries of the group which have already been the subject of various investigations, in particular by the American justice system, the National Financial Intelligence Unit and the Ministry of Justice of the DRC.

The Swiss mining giant is also committed to deploying the Ethics and Compliance program in the DRC.

In 2018, Glencore was assigned by the US Department of Justice as part of a major corruption investigation related to its activities in Nigeria, Venezuela and the DRC.

The company had pleaded guilty.

Glencore then admitted to having distributed 27.5 million dollars to civil servants in the DRC to obtain their favors.

 

[JNRB]

Let's also not forget the fact that the IGF also being critical of our transactions shows they are being impartial. This makes it carry more weight and makes it harder to refute the findings. Findings that are ultimately in our favour in the bigger picture IMO

 

[JAG]

It was Jag that spooked me too, I was all good until that point then I had a bit of an aah fck panic into a brown paper bag moment. All good again. Manifest the outcome people!! It’ll happen because they need it to happen!! Just takes a shit load of time and we pay with our mental health.

Hang on mate! How did I spook you just for the record!

 

[Misfits]

So just to clarify, do we currently have 60% or 75%. (Not including the 15% sold to Zijin illegally)????

75%

 

[TDITD]

Hang on mate! How did I spook you just for the record!

You been sending dick pics again ?

 

[Samus]

 

[Samus]

The DRC participates in the international conference to fight against corruption in the United States
Tuesday, December 6, 2022 - 1:14 p.m.

White House. Ph. Third Party Rights.
The Democratic Republic of Congo is participating in the 20th edition of the International Conference against Corruption, which begins in Washington this Tuesday, December 6 to 10, 2022, organized by the NGO Transparency International and the United States. The purpose of holding this forum is to mobilize public and non-state actors against corruption.
Among the participants in this forum, the DRC is represented by the Agency for the Prevention and Fight against Corruption (APLC), the Ministry of Justice, the General Inspectorate of Finance (IGF), the Superior Council of the Judiciary and the Corruption and Professional Ethics Monitoring Organization (OSCEP).

According to a report by Transparency international, published on January 25, 2022 on the corruption perception index during the year 2021. The Democratic Republic of Congo occupies the 169th place out of 180 countries. The DRC moved up one rank with a score of 19 out of 100 compared to 18 out of 100 the previous year and 170th place in 2020, an increase of one place in favor of the DRC and a decline in corruption for the country .
It should be noted that the international anti-corruption conference is organized on the sidelines of the international anti-corruption day celebrated every December 9, focusing on the theme this year: "Zero corruption - 100% development".
This forum will bring together nearly 2,000 people from around a hundred countries.
Grace Guka

La RDC participe à la conférence internationale de lutte contre la corruption aux États-Unis

La République démocratique du Congo participe à la 20e édition de la Conférence Internationale de lutte contre la Corruption qui débute à Washington ce mardi 06 au 10 décembre 2022, organisée par l’ONG Transparency International et les Etats-Unis.

actualite.cd

 

[pow4ade]

So just to clarify, do we currently have 60% or 75%. (Not including the 15% sold to Zijin illegally)????

Currently we hold 60%. The purchase of a further 15% from Dathomir was set aside last year by a dodgy tribunal and the money held in escrow of sorts when Dathomir reneged and refused to close the deal by accepting the final payment.

Contractually that 15% is ours, yet technically it's still registered as Dathomir's so needs to be unwound thru the court.

There's a hundred versions of this conundrum, that's just my take.

 

[DoubleA]

Currently we hold 60%. The purchase of a further 15% from Dathomir was set aside last year by a dodgy tribunal and the money held in escrow of sorts when Dathomir reneged and refused to close the deal by accepting the final payment.

Contractually that 15% is ours, yet technically it's still registered as Dathomir's so needs to be unwound thru the court.

There's a hundred versions of this conundrum, that's just my take.

Currently hold 75%.

Dathomir failed to reverse the 15%. It has been discussed over and over on here. My post regarding this from October:

 

[Bin59]

12/06/2022

Backing by General Inspectorate of Finance​

A report submitted at the end of November by the General Inspectorate of Finance of the Democratic Republic of Congo certifies serious omissions of both the Congolaise d'Exploitation Minière (Cominière) and the Dathomir. AVZ Minerals Ltd. (ASX: AVZ, FSE: 3A2) is confirmed by these statements in his own opinion that he is the rightful owner of 60 percent of all Dathcom shares and thus also owns 60 percent of the Manono lithium project.

On the 30th On November 11, 2022, the General Inspectorate of Finance of the Democratic Republic of Congo published its report on the management of mining facilities in the DRC by La Congolaise d'Exploitation Minière (Cominière). The starting point of this report was the authorization of the Inspectorate General Inspectorate to clarify whether the alleged sale of Cominière's 15% stake in the issued shares of Dathcom Mining SA (Dathcom) in Jin Cheng Mining was correct and appropriate.

At the same time, the question of liability in connection with the Jin Cheng sale should be clarified and the legality of the other recent behavior of Cominière and Dathomir should be reviewed. The submitted report identifies errors and omissions of Cominière and Dathomir, so AVZ Minerals sees itself confirmed in its own legal opinion.

Significant violations of applicable law and its own statutes confirm AVZ Minerals' position​

Specifically, it is criticized that Cominière violated its statutes in the transfer of mining rights to "external partners" without financial collateral. At the same time, it is criticized that Cominière has also violated the Mining Act of the Democratic Republic of Congo by transferring mining licenses without this transfer having been previously examined by a competent government agency of the DRC.

The subject of a number of irregularities was the sale to Jin Cheng Mining. Among other things, the failure to select the government's technical body for the valuation of the 15% share that was the subject of the sale to Jin Cheng Mining should be emphasized.

It was also failed to take into account the assessment of the final feasibility study for the Manono project. The General Inspectorate also criticized that Cominière has used around $6,800,000 inappropriately for operational matters such as fees and exceptional compensation from the total revenues of $33,440,000 from the alleged sale to Jin Cheng Mining. This was at the expense of operational investments.

A long list of omissions​

According to the General Inspectorate, Dathomir has also failed to fulfill its obligations under the registered joint venture agreement with regard to Dathcom Mining SA of 27. January 2017 in its current version. Last but not least, Dathcom itself is also said to have unlawfully transferred the mining exploration permits 12436, 12449 and 12450 to third parties.

These findings of the General Inspectorate of Finance of the Democratic Republic of Congo confirm AVZ Minerals its own legal positions. The company therefore continues to maintain its rightful and valid owner of 60 percent of all shares in Dathcom.

At the same time, AVZ Minerals considers to have fulfilled all its financial obligations resulting from the acquisition of 60 percent of all Dathcom shares.

The reappraisal of the matter will continue in close contact with the government​

The company's assurance that neither AVZ Minerals itself nor its representatives were involved in the transfers of mining exploration permits 12436, 12449 and 12450 to third parties or were aware of these measures in advance.

AVZ Minerals therefore remains in close contact with all competent government authorities of the Democratic Republic of Congo with regard to the results of the report of the General Inspectorate of Finance and accelerates the processing of the transactions.

For invested investors, the report of the General Inspectorate of Finance is very good news, because it supports the argument advocated by AVZ Minerals since the beginning of the dispute.

AVZ Minerals​

Stock exchanges​

ASXAVZFSE3A2

Stock information​

ISINAU000000AVZ6Number of shares3,530 millionmarket cap2,753 million

• Video
• Presentation

Nigel Ferguson - Managing Director​

"We are developing the best lithium and tin project on the planet. Manono's geology is world-class!"

 

[Deleted member 1612]

Hang on mate! How did I spook you just for the record!

Because you’re never spooked Jag!

 

[Hemicuda]

*Ditto Disco, as they say,

View attachment 23649

Food for thought

Frank

*p.s - To Remind,
View attachment 23650

where not in the market frank

 

[Mickyb64]

My apologies if I pissed anyone off yesterday, just having a bad moment. A new day has dawned, things are looking a lot better. Sometimes reading these translated reports takes me back to checking my children's Primary school homework.

 

[DiscoDanNZ]

Glencore then admitted to having distributed 27.5 million dollars to civil servants in the DRC to obtain their favors.

If that's a Western company admitting to that imagine what the Chinese are up to and capable of...

Hang on mate! How did I spook you just for the record!

Possibly with this post?

75 % GOOD LEGAL TITLE NIGEL!!!!

Another lie mother fucker and I know where you live...yes I am known for Doxing those who fuck me over!!!!!

Start court proceedings now against the BoD! I am not prepared to pay any of you MF's any more money in wages for such a piss ant job.

When I read that I went oh fuck, then decided to take a deep breath and read the next four pages before commenting.

 

[Bin59]

 

[Misfits]

Dear Madam @adelekayinda01 please contact @ALINGETEJULES_K urgently to discuss the terms of your incarceration. Several illegal activities concerning Cominière have been unmasked and millions of dollars are missing, the IGF has identified you as responsible $AVZ

 

[JAG]

Because you’re never spooked Jag!

Ah righto. My apologies