AVZ Discussion 2022

[Goat]

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

 

[Carlos Danger]

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

 

[Mr Inappropriate]

"The securities of AVZ Minerals Limited (‘AVZ’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of AVZ, pending the release of an announcement regarding its mining and exploration rights for the Manono Lithium and Tin Project."

I will be dumbfounded if the above still stands with the ASX.

It'll be an interesting few days that's for sure, starting with whether or not Nigel still speaks at 121 this evening and then if the DRC delegation also in South Africa will entertain a meeting with our BOD or not.

Hopefully we can have some form of clarity very quickly as opposed to the wishy washy shit we've endured over the past 9+ months.

BoD need to come to the table with something positive or the entire suspension with a view to retaining shareholder value and burning the shorters has been a waste of time.

I have it on good authority that, in lieu of meaningful information, Nigel will be performing a short hand-puppet show tonight in South Africa.

 

[Modo]

I have it on good authority that, in lieu of meaningful information, Nigel will be performing a short hand-puppet show tonight in South Africa.

 

[Doc]

I recommend everyone read this. It seems Cominiere went on the warpath in Dec claiming the licence Decree should be cancelled because AVZ requested the split of the tenement. It also highlights a thrust of a number of other attack strategy darts theyve thrown at the MoM to hit out at AVZ. No wonder on receipt of this the MoM is perhaps concerned about the stay of play at relationship level between us and Cominiere and questioning whether it's tenable. Not saying any of this is legit or unskewed info, but it does lay out a key attack that may have supported the Decree cancellation

RDC – IGF : La COMINIERE demande le report des arrêtés portant renonciation de PR13359 pour plusieurs violations par AVZ | Politico.cd

1ère source de l’actualité politique et économique en temps réel en RDC. Les dernières nouvelles, les enquêtes et les révélations exclusives.

www.politico.cd

I’m confised with this.

The way it was supposed to go is once AVZ had the ML, Cominiere then sold the 15% to AVZ or whoever and then ceded 10% to the government. Cominiere should have nothing to do with the project from then on. At least that’s how I thought it was to happen

 

[Misfits]

I have it on good authority that, in lieu of meaningful information, Nigel will be performing a short hand-puppet show tonight in South Africa.

Probably a good thing. Get in there and sort this out with the powers to be before he gets on his plane to another country.

 

[CHB]

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

If that's the case not sure how anyone can spin what has transpired as positive.

 

[Roon]

If that's the case not sure how anyone can spin what has transpired as positive.

They definitely seem to have been blindsided by this. If they truly hadn't received the Decree until it was forwarded to AVZ by the AFR in the form of Timmy TwiddlesHisNuts then that says a lot for our excellent high level government relations NF is always prattling on about between the smirks, nods and winks.

 

[Charbella]

Lots of opinions.... too many for me to absorb so I'll just forge ahead with my never say die attitude of exposing those implicated in the corruption of denying the PE for Dathcom (and majority owner AVZ) project13359


Felix Antoine Tshisekedi Tshilombo, Jean-Michel Sama Lukonde Kyenge, Adele Kayinda Mahina and Antoinette N'samba Kalambayi all seem to fail to understand that there is an unlimited source of information on the internet pointing out the Corruption in the DRC.

They also seem to fail to understand that a forum goes well beyond Australia. It goes to Asia (China etc), the Middle East, Africa, Europe (Germany, France etc), the United Kingdom, across the Atlantic Ocean to America, back Australia and everywhere in between.

I will continue posting headlines relating on the corruption in the DRC Mining Sector (including upcoming events) in the hope that companies in countries around the world don't get caught out by the corruption in the DRC Mining Sector like AVZ Minerals…. The Australian company that spent the last 6 years and millions of dollars in the DRC developing the Dathcom lithium project in Manono.

The politician's listed above are all implicated in one way or another in knowledge of the corruption around Manono's Mining License, and with an election due this year I am hoping this communication will reach far and wide including reaching the following officials and exposers of corruption in the DRC Mining Sector.

Jules Alingete (General Inspectorate of Finance); Muhiya Lumbu Nicolas (Inspector General of Finance Head of Revenue and Tax Services Brigade); Chantal Bashizi (Appointed Head of CAMI); Joe Mbaya ; Kasongo Kas; Franck Fwamba; Kiki Kienge and others who have witnessed the corruption.

Among the corruption and conspirators surrounding Manono, the following names consistently come up: DG of the DRC Mining Cadastre - CAMI (Jean Felix Mupande Kapwa ); Dathomir (Simon Cong), Cominiere (Mwamba Misao Athanase), Zigin and AJN Resources (Klaus Eckof)

These names can be viewed in a similar way as those of Dan Gertler and Vidiye Tshimanga as being implicated in corruption, and yet remaining outside of integrity and justice.

This week headlines should appear exposing this corruption, and I hope members, shareholders and others join in holding those who are preventing the granting of the full mining license accountable, and warning companies and countries around the world of the dangers and level of corruption in the Democratic Republic of Congo Mining Sector.


Over the last 6 years in the DRC, AVZ have carried out Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community…. And still the Democratic Republic of Corruption and Director General of the DRC Mining Cadastre (CAMI) won’t grant AVZ a Mining License

WELCOME TO THE
DEMOCRATIC REPUBLIC OF CORRUPTION

View attachment 28780​

​

Hi Moneybag，keen to hear your thoughts on MoM.

 

[Carlos Danger]

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

Send in the clowns

Presentations – AJN Resources

ajnresources.com

 

[obe wan]

Mate where's Cong in all this ? If his 15% sticks he will flick it to Zijin .

dont know where he is

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

really? Was hoping for a a vid of Nigel and Klaus / glasson going at it in the parking lot

 

[Roon]

I wonder how much of the goatfuck we apparently find ourselves in can be tracked back to being outplayed here by JFM over at CAMI. Here it clearly says WE declared a partial renunciation of PR13359. That renunciation was described as illegal by our partners Cominiere, and indeed it is unlawful under the mining code. Is that misfire going to prove a dire error, trusting it was FTs intent? What ever happened to the maxim, 'trust, but verify'.

Moreover given the estimated resource size of CDL and what it meant to AVZ's current and future market cap, how did we just renounce it. Wouldn't this have needed a shareholder vote? Or did the board just greenlight that own goal, and again without an ounce of thought as to continuous disclosure obligations until they couldnt not announce it?

 

[CHB]

They definitely seem to have been blindsided by this. If they truly hadn't received the Decree until it was forwarded to AVZ by the AFR in the form of Timmy TwiddlesHisNuts then that says a lot for our excellent high level government relations NF is always prattling on about between the smirks, nods and winks.

That's the biggest worry about all this. Not the ministerial decrees but the communication between AVZ and DRC government.

After all the bullshit of the past year and apparently being aligned in getting this to mining you'd expect them to be working closely hand in hand.

 

[TDITD]

FYI
Nigel Fergusons presentation was cancelled at the 121 Mining Investment Forum today in Cape Town.

Pretty good sign in my eyes, he hasn’t got time for that. He is off to find Felix and Antoinette imo
Crack some skulls

 

[TDITD]

I recommend everyone read this. It seems Cominiere went on the warpath in Dec claiming the licence Decree should be cancelled because AVZ requested the split of the tenement. It also highlights a thrust of a number of other attack strategy darts theyve thrown at the MoM to hit out at AVZ. No wonder on receipt of this the MoM is perhaps concerned about the stay of play at relationship level between us and Cominiere and questioning whether it's tenable. Not saying any of this is legit or unskewed info, but it does lay out a key attack that may have supported the Decree cancellation

RDC – IGF : La COMINIERE demande le report des arrêtés portant renonciation de PR13359 pour plusieurs violations par AVZ | Politico.cd

1ère source de l’actualité politique et économique en temps réel en RDC. Les dernières nouvelles, les enquêtes et les révélations exclusives.

www.politico.cd

Saw this an dismissed it as more mud slinging that has no effect. Ffs.
Our relationship with Cominiere really shouldn’t matter anyhow as they have no capacity to fund 15% so need to sell, state gets the rest.

 

[TDITD]

Probably a good thing. Get in there and sort this out with the powers to be before he gets on his plane to another country.

Fark that doesn’t give him much time

 

[wombat74]

I don't know how anyone can find a positive part of that shit.

The most important thing of the Announcement:

-ongoing disagreements, conflicts and differences between the shareholders
that have stalled the development of the Manono Project and the resulting
deadlock prevents the State from benefiting from the development of PE
13359.
The Company is seeking independent legal advice regarding both Ministerial
Decrees dated 28 January 2023, whilst expediting discussions to clarify the
intentions of the competent DRC authorities.

Our management had no fucking idea what is coming. There is no communication between avz and the MoM.
If there would be backup by the government, they would made a new decree or talking about possible steps to help us. Instead of saying that the state can not benefit from a PE because of the conflicts between the shareholders. I told Nigel in a email a few months ago that he please don't fight until we loose it all. I think that will happen. The company is part of the ongoing disagreements, conflicts and differences. I believe the situation would be different when we had work with zijin instead of fighting them. But that is to late now. I believe the drc will take the 13359 back with the reason of the conflicts. The IGF had shoot against Dathcom too, not against AVZ but against the JV. So they will cancel the JV and we have to fight for money in the ICC.

If the DRC would want AVZ they would inform the company what will happen, they would talk with us about a new needed deal or anything else.
I dont think the MoM using this new decrees to put pressure of the JV shareholders that they try to find peace with each other, she could have used other ways to do so. I believe this is the beginning of our end.

canceling of the decrees, canceling of the 121 presentation, the first apologise i read in a annoucement, the management who had no idea that this is coming. Guys its written on the wall. Mark my words, I'm the first that is hopefully wrong, but in this moment I don't see any positiv thing.

So are you saying not only do we not receive the ML but they take our entire holding as well? As in we hold 0% ? Despite spending over $100mil and all the work that's been done . They steal the lot ? Backed by the Chinese of course .

 

[hedrox]

Manono lithium : deux décrets du ministère des Mines qui annulent notamment la conversion du PR en PE, AVZ réagi - Kongo Presse

« L’ACAJ demande une révisitation du contrat DATHCOM. »

kongopress.com

 

[CHB]

Pretty good sign in my eyes, he hasn’t got time for that. He is off to find Felix and Antoinette imo
Crack some skulls

Or didn't have time to delete the sentence in the PowerPoint in relation to

"Working closely with competent DRC government authorities"

And
"Ministerial decree received"


No doubt probably a little embarrassed too.

 

[obe wan]

I believe that this will be the next step. Because of the on going disagreements, conflicts and differences between the shareholders they will find a way to fuck us. They dont tell us whats coming, in my opinion this tell me they give a fuck about us. They find easy a new partner with a better deal than 10%. In 10+ years no one will remember avz and the struggle with the drc.
What do you think will happen?

So who do you reckon they’ll hand the licence to? Think about it before you post