AVZ Discussion 2022

[Spikerama]

Right I've been doing some thinking.....ok stop sniggering at the back.

An thanks to Solos great work this morning on the Decree, we are able to read it in full. Which helps, cheers you legend !!

'continuing tensions' GTFO

Lets be real here, Cominiere don't want to mine, they don't want to build a mine in Manono, they have no interest or capacity.
They have also fraudulently sold 15% off to Zijin for peanuts, while not giving us our contracted ROFR. They have no interest in the mining.

So how about we as in DATHCOM hold a meeting of Serious DATHCOM holders - as in who's here after the ML is given, who's going to mine this and pay for it and build it (you dickheads)

Ok so who do we have then, well that's AVZ 51% and that's DRC state 10% and CATH 24% with the remaining 15% unaccounted for UNLESS you would like to give us our ROFR - nah didn't think so dickheads, so the 15% is rescinded as it was illegal and remains floating.

At this meeting we shall discuss these 'continuing tensions', we shall discuss how to get this thing moving fast as we are now behind schedule from mining to SEZ, we shall also in each other's company discuss the 15% who wants it and agree upon decisions made at that meeting while acknowledging AVZ has ROFR.

This is IMO is what needs to be done with Felix and Antoinette together in a meeting room. They are hypocrites of the highest order if not corrupt/useless/incompetent, a meeting is critically required where basically this gets hashed out before anyone leaves the room. Even if we arrange that 'meeting' to happen at a later date in Cape Town, it needs to happen.

What do you peeps think ?

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

 

[TDITD]

Nigel should of got someone to fill in for him , & explain to the conference why he couldn't be there ( laid bare to all what the fuck AVZ has been / has to deal with ) , because he needs to be back finding out what is exactly going on .

This is exactly what should have happened. A fill in, explaining wtf is happening there, asking infront of everyone for Felix to sort out the corruption and illegal interference. Then get on with a quick presentation.

 

[mouseflying]

I were there in Melbourne Roadshow,

after all, my thought is:

if cath just want the proudct, don't care about the percentage of ownership, then just reduce their pecentage to 9%

and if dathomir want 50million more, just pay it. and let this mf go away.

if zijin want that 15%, just give it to them.

then the structure is AVZ 66% Cath 9%, zijin 15% goverment 10%. we still hold 66% with controlling interest.

Please start the project and print money asap.

now, seems this is the best scenario

 

[Winenut]

The whole thing is worth fucking BILLIONS

You'd think that would be enough incentive to get all parties onto phones, then onto planes to the DRC and then all in the one fucking room to reach an agreement and sign off once and for all on the way forward

For fucks sake

Whatever that would cost would pale into insignificance when compared to what we've already fucking pissed against the wall with fucking numpty roadshows and absolutely pisspoor legal advice.... ..and when compared to what the upside potential earnings could be if the fucking shitfull current impasse was resolved

Fuck me .....the incompetence all round is so fucking astronomical its a fucking joke

 

[BEISHA]

You and remark.

Its not as rosy as many thought. Too many people thinking Jens, Deboss, Constantin, Fox, etc etc were Also good, when all they are doing is pump things and protect the BOD.

Todays announcement is a reality chcek.

Clearly Nigel should have been on the ground the last 3 years, not in Perth. Thats how you earn the PR’s. At least he could have said “I tried”. If he had been there all the time.

I dont think he can ever make that claim now, regardless of the out come.

I stand by the 50m reasons to get a decent outcome. Just not sure many here have the ability to look a gift horse in the mouth.

Most seem to want to be emotional, when what really counts is get your capital back and hopefully with a decent profit.

The longer it drags on the lower the chances. The stats are there if you go looking.

"Clearly Nigel should have been on the ground the last 3 years, not in Perth. Thats how you earn the PR’s. At least he could have said “I tried”. If he had been there all the time."

Sorry, thats a ridiculous statement to make, are you forgetting there was a PANDEMIC squeezed in that equation which ravaged thru the worlds population ?

Criticise the AVZ bod all you like regards to CONTINUOUS DISCLOSURE and Nigels CONFLICT OF INTEREST, but you certainly cant blame them for coming back home for COVID reasons.........

For me, the real arseholes in this enormous shit show is Zijin / Cominiere / Dathomir / Cong but more importantly, the impotent president FT, who should of re shuffled / weeded out the corrupt wankers that existed in his cabinet from the previous Kabila regime when he attained power in 2019, who ironically misled him to believe that AVZ " was not worthy " of being awarded a ML, which gives me the strongest impression that he wasnt following the progression of the biggest hard rock lithium play which would transform his country........instead, FT preferred to travel around the globe, seminar to seminar, preaching his bull shit that DRC was the destination / solution for the EV revolution ........

Now FT has the audacity to bypass the IGF report, pass the buck back to AVZ urging them to harmonise the Dathcom registry in order to attain the ML.

FT has left AVZ out to dry, completely disrespecting a coy that has done all the hard yards by the book, spent 100s of millions of dollars to attain a favourable DFS , build accomodation, preliminary earth works and continue to drill out RD to further refine .

So Modo, you should be concentrating your vent on FT, his corrupt ministers, the corrupt chinese actors, not solely on AVZ bod.

This is not a emotional post...........just underlining the facts for you champ.

 

[Carlos Danger]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

'With a view to save the Manono lithium project'

'Given the need and urgency'

'Nature to paralyse the exploitation of lithium and to prevent the state from channeling the products resulting from the exploitation licence 13359'

AVZ management are all away for meetings and Nigel cancels 121. I reckon the highest levels of state have made themselves available and this shitshow is going to get sorted out one way or another. Lions gonna lion.

 

[TDITD]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

Yes, it is not easy, they have in a way told us they want this thing moving along, so they must also show some willingness. We need to force the meeting, much more will get done in one meeting with the right people in the room.

We have been led to belive we are 'close' time and time again, I believe management were of that opinion too, we cant continue on like this with Nigel an Co in Perth and DRC Corrupt actors doing as they wish.

If we get CATH and MOM aswell as Felix and fucking hammer it home, we have a much better chance to force the whole bloody thing through.
Its just not getting done the way we are approaching it at the moment.

 

[Onthefm]

now, seems this is the best scenario

Wich could have been done 12 months ago and should have been. None of this grief needed to happen.

 

[Stockinvesting]

My take FWIW.

FT through decrees has put all parties on notice.

Forget court cases. Stop bitching. Put a smile on your dials (even if forced), and come to an "arrangement" quickly.
It's an election year, this needs to be full steam ahead, yesterday.

AVZ won't end up with what they hoped, but they'll always own 51%, IMO.

I think this will happen in the next month and we'll be trading.

Cheers.

 

[Sammy_da_Smile]

Wich could have been done 12 months ago and should have been. None of this grief needed to happen.

Begs the question what the dathcom reps in country have been doing the past few months right.

 

[BEISHA]

So much angst on here today! I really struggle to see how this isn't a positive step for us.
Lets look at the news we've had over the past week or so:

1. Ministerial reshuffle
2. Cominiere claiming back its rights in the project ie fk off Zijin and MMCS
3. Undoing of the tenement split.

Can anyone tell me how any of this is possibly positive for the cretins at Zijin or other corrupt actors trying to steal a chunk of our project?
It's a painful process but IMO these are all steps forwards for us. And at the very least they're a step towards a resolution, and any resolution is better than perpetual purgatory.

IIRC MoM has 30-days from application to issue a decree? IMO we are obtaining legal advice because we are well outside that 30-day period now and the only decree the MoM has issued was rubbish that they ended up rescinding. So AVZ now trying to figure out whether to wait for new decree - which will absolutely come to replace old one - or take it straight to court to have it approved. Either way, an actual timer running down now to more news on this.

The comments in this latest decree about shareholders getting along - IMO targeted more at Cominiere than AVZ. But regardless, nothing in there that can be used to hold up issuing another decree. They make a comment about wanting to get this moving, well, the next step now is them issuing new decree.

So we have progress on every front:

1. Corruption - Removal (or at least moving) of corrupt actors
2. Ownership - Undoing of Cominiere's dodgy attempts to flog part of the project
3. Permit - Confirmation that we have the entire tenement and that is what should be covered by forthcoming exploitation permit

Yeah it's slow but I still really struggle to see how these aren't all moving things gradually towards a resolution in AVZ's favour.

Great post mate...........i certainly hope it plays out the way you articulated.

Us longs need to continue to keep the faith.

Or we will go....

 

[Remark]

'With a view to save the Manono lithium project'

'Given the need and urgency'

'Nature to paralyse the exploitation of lithium and to prevent the state from channeling the products resulting from the exploitation licence 13359'

AVZ management are all away for meetings and Nigel cancels 121. I reckon the highest levels of state have made themselves available and this shitshow is going to get sorted out one way or another. Lions gonna lion.

View attachment 28886

The lion at the moment...

 

[hedrox]

Reshuffle will be happening tonight....hopefully

 

[Carlos Danger]

The lion at the moment... View attachment 28889

You may not like who he's biting but the lion is finally showing his teeth imo

 

[Flight996]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

Hi Spikerama

The solution may be to let the DRC govt chair the meeting with agenda input from all vested parties. In that way the meeting and its outcomes (if any) have the imprimatur of government. Hopefully, just another couple of meetings will achieve a solid base on which to move forward.

Cheers
F

 

[Onthefm]

Wich could have been done 12 months ago and should have been. None of this grief needed to happen.

I hope they have stopped spending money on site as all share holders should be paying for any work on site not just avz. Will we be compensated for last lot of drilling and site work? I wouldn't think so.

 

[Rambo]

Right I've been doing some thinking.....ok stop sniggering at the back.

An thanks to Solos great work this morning on the Decree, we are able to read it in full. Which helps, cheers you legend !!

'continuing tensions' GTFO

Lets be real here, Cominiere don't want to mine, they don't want to build a mine in Manono, they have no interest or capacity.
They have also fraudulently sold 15% off to Zijin for peanuts, while not giving us our contracted ROFR. They have no interest in the mining.

So how about we as in DATHCOM hold a meeting of Serious DATHCOM holders - as in who's here after the ML is given, who's going to mine this and pay for it and build it (you dickheads)

Ok so who do we have then, well that's AVZ 51% and that's DRC state 10% and CATH 24% with the remaining 15% unaccounted for UNLESS you would like to give us our ROFR - nah didn't think so dickheads, so the 15% is rescinded as it was illegal and remains floating.

At this meeting we shall discuss these 'continuing tensions', we shall discuss how to get this thing moving fast as we are now behind schedule from mining to SEZ, we shall also in each other's company discuss the 15% who wants it and agree upon decisions made at that meeting while acknowledging AVZ has ROFR.

This is IMO is what needs to be done with Felix and Antoinette together in a meeting room. They are hypocrites of the highest order if not corrupt/useless/incompetent, a meeting is critically required where basically this gets hashed out before anyone leaves the room. Even if we arrange that 'meeting' to happen at a later date in Cape Town, it needs to happen.

What do you peeps think ?

That’s a great way to move forward, but easier said than done when dickheads are involved. It seems like African politicians have more greed than the Chinese.

I like scarpas thought and feel similar about the situation. I does sound like government is saying they want a mine, figure it out and get on with it. I wonder if this was the government saying, we’ll remove the split and put 13359 back in one piece, you sort out ownership on your own. If they can’t work out current problems, how would they all ever agree on how to build a mine or how to start? They would still be bitching back and forth years from now, useless Felix would not have his battery chain come true and the local people would be rolled further into the gutter.

The lack of support from government or even anything at all from them is horseshit. This could have and should have been resolved 9 months ago if Felix really wanted to stomp on corruption and make a statement. I think the president has kept his ass out of this to keep support for the upcoming election, or because he is also corrupt. I think probably both. He is trying to play both sides of the field to look good internationally and keep himself in the president’s chair.

The only positive spin I can make up is something seems to be changing and government wants it to happen. Good or bad for us, who knows. This is just something that been running through my head based on pretty much nothing.

My son decided to use the toilet with out lifting the lid. That’s right, he sat down and took a shit on top of the toilet. I don’t know why, but I can probably make more sense of that, then the clusterfuck we are all in.

Stay well everyone, keep your chin up. Hopefully some clarification in the coming days.

Well, I’m of to clean up poo. At least it’s not a pineapple in the ass.

 

[Thaz]

Great post mate...........i certainly hope it plays out the way you articulated.

Us longs need to continue to keep the faith.

View attachment 28887

Or we will go....

View attachment 28888

Agreed.

Personally - even though it has been a shit show with all the fake news, corruption, shit coming out of the wood works. I'm, somewhat, glad that it has happened now, rather than when we have the ML and are on the way to commissioning the mine.

Not sure if there would have been any difference from a legal stand point if the disputes happened now vs later on - however i'd rather the 'dirty laundry' be hung up now so we have a clean run.

Imagine if the mine had been completed and they tried this shit - that, imo, woudl have been a lot worse.

 

[hedrox]

 

[Rambo]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

Agreed, doesn’t seem like they could get close to him before. Even with consultants and lawyers, why would they have better luck now?

This is exactly what should have happened. A fill in, explaining wtf is happening there, asking infront of everyone for Felix to sort out the corruption and illegal interference. Then get on with a quick presentation.

yes, then everyone in attendance would be fully aware and perhaps Felix would be forced to intervene.