AVZ Discussion 2022

[JNRB]

You think canceling the decree because the state can not benefit from a PE with this shareholder JV is not a reason?

As per my second post - that may or may not be the reason.

My main point is that you were stating as FACT that it was given as the reasoning for the decree.
That's not true.

Whether or not it's their reason we have no way of knowing. All we know is they acknowledged those things in their statement. NOT that those things were the reason for it.

 

[DiscoDanNZ]

Mate think the ,' on going disagreements ,conflicts and differences ' is just an excuse they came up with . It seems a very lame reason to me . Sounds like something the Chinese came up with . It would be laughable if it wasn't so serious . I can see the head lines now . AVZ Get Booted Out of the DRC because of Bickering with stake holders .

It definitely screams BS, why are we not playing nicely with Cominiere? Could it be that they have tried to screw us at every opportunity including selling shares we have the preemptive rights to which is only one of the bigger hurdles they've created.

Now Cominiere go and say sorry to AVZ or you can go to your room....

 

[Samus]

1/2 Stopped from
@MinMinesCD
to #Dathcom #COMINIERE $AVZ Item 1: Ministerial Order No. 00145/CAB. MIN/MINES/01/2021 of April 25, 2022 granting operating permit No. 13359 to DATHCOM MINING SA is postponed and cannot produce any effect.
2/2 Section 2: the Secretary General for Mines and the Director General of the Mining Cadastre are responsible, each as far as he is concerned, for the execution of this Order which comes into force on the date of its signature.

 

[TDITD]

I'm with you Obe-wan for now . Glass half full . I've stirred up Moneybags enough for one day. He's probably pulling out what's left of his hair . Big sleeps Money .

Well if his hairs gone it’s onto chest hair next then ball hair, have some mercy you square shitting bastard

 

[John25]

Where’s our announcement that our highly paid BoD have dropped the ball ..blindsided /bent over & were incompetent to see the overuse coming …they’ve hoodwinked us in the most deceitful way imaginable…Where’s the spineless ASX …we were a top 200 company .Sorry but our BoD are incapable of SHIT …

 

[Carlos Danger]

My take on the legal advice is regarding Dathcom first right to obtain 15% from Comminiere.
Can Comminiere be part of the JV project by receiving shares.
At the right legal entitlement in the project Comminiere may agree to sell 15% of their 25 % to Dathcom .
13359 no longer split so surface rights should be mutually agreed upon.
There was an offer made to government for the additional 15% from Comminiere that involved a percentage of ownership with shares issued that was posted by someone.

Cominiere want it all. They are claiming that their pre emption on the original 60% of Dathcom was never honoured. Which if they hypothetically got that 60% would mean AVZ wouldn't have first right of refusal on the other 15% because we would never have been a shareholder of Dathcom. But it's nonsense because Cominiere attended Dathcom meetings year in year out and never said shit until they got caught with their hands in Zijin's snack jar.

 

[Carlos Danger]

Cominiere want it all. They are claiming that their pre emption on the original 60% of Dathcom was never honoured. Which if they hypothetically got that 60% would mean AVZ wouldn't have first right of refusal on the other 15% because we would never have been a shareholder of Dathcom. But it's nonsense because Cominiere attended Dathcom meetings year in year out and never said shit until they got caught with their hands in Zijin's snack jar.
View attachment 28833

Cominiere attempting to get the 60% back from AVZ is what ACAJ meant by this imo

 

[wombat74]

Cominiere attempting to get the 60% back from AVZ is what ACAJ meant by this imo
View attachment 28835

So the IGF at Felix's instructions find Cominiere guilty . A few have even been arrested . Zijin admitted their 15% is illegal and still these f--ks come at us with whatever BS they can come up with . DRC gov turn a complete blind eye .

 

[Ozthescot]

One fact in all this, is that we are simply going to have to dare i say it 'wait' once again to see what the outcome from this announcement actually is.

If Nige isn't now presenting at Cape town i would like to think he's engaged in far more serious use of his time regarding todays announcement.

Tic farken tok....

 

[antimatter]

I have no fucking clue what is going on after today's announcement. However, I am pretty sure that the Chinese is not the main beneficiary of the cancellation. If they are, all the courting by the DRC with the US and international investors, plus the signed MoU with the US is a waste of time. Too much work had been invested by the DRC to reduce their dependency on the Chinese to allow this to be annihilated by this cancellation to favour the Chinese.

 

[Ozthescot]

I have no fucking clue what is going on after today's announcement. However, I am pretty sure that the Chinese is not the main beneficiary of the cancellation. If they are, all the courting by the DRC with the US and international investors, plus the signed MoU with the US is a waste of time. Too much work had been invested by the DRC to reduce their dependency on the Chinese to allow this to be annihilated by this cancellation to favour the Chinese.

Perhaps they have finally realised time is moving on and if they dont get things moving one way or another they are going to miss the Lithium boat!

 

[Carlos Danger]

So the IGF at Felix's instructions find Cominiere guilty . A few have even been arrested . Zijin admitted their 15% is illegal and still these f--ks come at us with whatever BS they can come up with . DRC gov turn a complete blind eye .

 

[Ozthescot]

View attachment 28836

Looks like she has spoken! But under whos watchful eye!?

 

[Carlos Danger]

It's bizarre that the media only have these torn versions of the new decrees. Where the fuck is the entire document. Something is being hidden imo

 

[Spikerama]

It's bizarre that the media only have these torn versions of the new decrees. Where the fuck is the entire document. Something is being hidden imo
View attachment 28839
View attachment 28840
View attachment 28841
View attachment 28842

They are not really torn. It's just a kind of Photoshop action to add flair to the image but I must admit they do look a bit fake. It's definitely not a scanned image.

 

[Carlos Danger]

They are not really torn. It's just a kind of Photoshop action to add flair to the image but I must admit they do look a bit fake. It's definitely not a scanned image.

Yes I'm aware

My point is that it's unusual they would only show parts of the document instead of the whole thing. Seems like a weird length to go to unless trying to hide something. Much easier to just upload the full image than fuck around with cool effects in photoshop imo

 

[CashKing]

So is it off to court against Comminere as well is this sh1t sticks ?

At this rate we will be going to court more than CockSwami & Dickstickshift…..

Surprised we haven’t met up with TBAG TOMMY & He’s Boat People in court TBH…

GLTAH

 

[CashKing]

It definitely screams BS, why are we not playing nicely with Cominiere? Could it be that they have tried to screw us at every opportunity including selling shares we have the preemptive rights to which is only one of the bigger hurdles they've created.

Now Cominiere go and say sorry to AVZ or you can go to your room....

When’s Huayou going to make a decent enough offer ???

 

[TDITD]

The cancellation of the Mining Forum worries me a lot.

I don’t mind it, in fact I’m pleased Nigel is over in Cape Town with nothing to do, except chase down two dickheads, who are struggling with their morality.
Namely Felix and Antoinette.

 

[smileatme]

I wrote the below in HC, copied here just for calming any troubled minds.
As AVZ has only 60% as per the latest MoP notification, how can Nigel put up the usual '75% legal title' thingy, so good that he is not presenting.
+++++++++++++++++++++
Thanks, Amovatio. https://hotcrapper.com.au/styles/default/xenforo/clear.png
The basis of a just solution for this mess is Datcom JV agreement and DRC mining code.

The notification by MoP regarding ownership issue gives me confidence that DRC wants to sort this out according to Datcom JV agreement. The JV agreement specifies that no transfer of shareholding prior to ML. The MoP clearly states in the notification that AVZ has 60% (not 75%), Commiere will have 25% (cancelling any ownership transfer by them and MoP as it was against JV agreement) and Dathomir will have 15%. The transfer of 60% to AVZ by Dathomir is against JV agreement, but the govt provided a waiver because AVZ carried out genuine work. But they didn't allow the waiver for the further transfer of 15%, which makes sense. If DRC wants to kick AVZ out, they could have cited the violation of JV agreement as the main reason. The inference is that DRC wants a just solution to a very complicated issue and everything should be done as per JV agreement and the mining code.

The two decrees by MoM (and announced by AVZ) point to a solution based on mining code. My take on this announcement:

• The MoM decree announced by AVZ today and the ownership notification by MoP are the results of 9months negotiations between all the parties.
• The splitting of the 13359 is against the mining code, but DRC wants to follow their mining code and sort things out legally.
• The MoM decree issued in April 2022 by splitting the tenement was against the mining code, so they rescinded it.
• I expect a new decree soon from MoM issuing ML to all of 13359, in accordance with mining code.
• I think the AVZ response of consulting independent legal advisers is to make sure that the content in the decree is in line with the agreement with all the stake holders and BOD's understanding.
• MoM rescinded the wrong decree for ML to issue a new and a correct one.

The decree also mentions about disagreements between JV partners which DRC thinks is the main reason for the delay. I believe there may be a broad agreement that this should not happen in the future and only JV partners with good relationship remains in the JV. Some actors may not like this, so there are social media rumours. If AVZ remains in the JV, then shareholdings from others will be bought out. We were expecting announcement dominoes to come, which I think will be:

• Issue of new decree from MoM very soon and subsequent ML registration
• AVZ to buy out Comminere's 15% (part cash and part scrip)
• AVZ to transfer 9% to CATH
• CATH could buy Dathomir share 15%), if not then AVZ could buy
• The final ownership structure (DRC - 10%, CATH - 9% or 24%, AVZ - 66% or 81%)
• DFS for 10M tonne

I believe, we will have no more extensions.

If things turn out the way as mentioned above and AVZ comes out of suspension this month, AVZ will regain ASX300 and ASX200 memberships in April. In that case, there will be not much selling pressure from the institutions. There will be some retail selling. I am a very frustrated investor and really in need of some money, but I am not going to sell in the first week, as all the negatives are gone.

I could be wrong just like anyone else in this forum. Expect the unexpected with AVZ. :-
I and all the AVZ shareholders suffered enough. It is not a crime to dream.