They get their snacks so they don't give a fuck
AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
TBH, whats it look like?
Thats a pretty large no from me, they have been stalling the ML since 21 (https://www.asx.com.au/asxpdf/20211125/pdf/453d90kq7jgbsy.pdf)
Seems they want the best 'Deal' and are playing everyone interested off against each other. Its 2023 DICKHEADS, get a move on with it.
Also why don't they ask Zijin to play above board though, as you know, "we are cleaning up the mining sector"
My frustration towards this 'Competent' Government grows by the millisecond.
TDITD
Top 20
Yeah, lets be honest though, would anyone in their right mind trust Zijin to not hold us up and not screw us over the hydro plant.
Zijin have proven they don't give a fuck about DRC; with every action they have taken so far.
Like they will be held to some words saying, "now don't be naughty again, sign here".
If it happens like that, and it conceivably could, I'll wait for the initial stampede and for price to even out, but my trust in the company and DRC Govt would be shot to pieces.
No one knows at this stage . Be worse if we fight them in the courts for next 2 years .
Spikerama
Regular
Guys I've created a simple counter script in HTML which counts up in USD $ 300,000 every 24hours. The numbers go really fast.
It's currently at USD $ 84,765,321. This is the current DRC Tax Revenue loss that we calculated last night based ion the 40 weeks delay after the initial decree.
I thought if we could figure out how to host it we could create an embed plug in and use it in twitter as a visual aid. I can't post it here because the code doesn't work in the message function but here's a gif of it working.
Not sure if it's worth it in light of the most recent developments...
It's currently at USD $ 84,765,321. This is the current DRC Tax Revenue loss that we calculated last night based ion the 40 weeks delay after the initial decree.
I thought if we could figure out how to host it we could create an embed plug in and use it in twitter as a visual aid. I can't post it here because the code doesn't work in the message function but here's a gif of it working.
Not sure if it's worth it in light of the most recent developments...
TDITD
Top 20
Spikerama
Regular
This is a great idea Spike !!!
It would be very useful to throw into twitter posts
Yeah it's definitely a good visual reminder. And you can simply add what ever context you need in a particular tweet.
I mean can you imagine how much infrastructure or famine aid this could have provided so far? Farrk me what bunch of overgrown infantile numptys for letting it turn out like this.
The only issue with zijin is the illegal 15%. Seems to me the DRC can issue the ML and AVZ can start the build
If I read the article correctly, Zijin wants 100% of Northern part. How can MoM agree to this demand is beyond me. This is absolutely outrageous, unreasonable and pure robbery of people through corrupt practices.
Something is not adding up. MoM could not possibly agree to this?
In view of the above, Zijin Mining then presented its offer - "This Offer" - in the following terms: "1. A joint venture contract (the "Joint Venture Contract") will be concluded between a designated subsidiary of ZijinMining and COMINIERE, according to which the parties will create a joint venture (the "Joint Venture"), in which the Zijin Mining subsidiary will hold 71% shares and COMINÎERE 29% shares".
This offer concerns the northern part of the Dathcom Mining SA Permit in Manono for which AVZ MInerals is Cominière's only partner to have invested expertise and money in exploration and studies that have led to the certifying the largest lithium deposit in the world while Cominière and its poor engineers at the head of the Technical Department could not imagine it.
Zijin is even more explicit: "After the creation of the Joint Venture, COMINIERE will assign the mining right to the Target Party legally held by it to the Joint Venture, free from any privilege, charge, claim, litigation and default. The research, development and operation of the Targeted Party will be carried out on behalf of the Joint Venture. On the date when COMINIERE assigns the mining right of the Target Party to the Joint Venture by completing all relevant procedures such as registration, registration and notarization, and that the Joint Venture becomes the legal and effective holder of 100% of the rights and interests of the Targeted Party, JIN CHENG will give back its 15% of shares in DATHICOM to COMI-NIERE
Something is not adding up. MoM could not possibly agree to this?
In view of the above, Zijin Mining then presented its offer - "This Offer" - in the following terms: "1. A joint venture contract (the "Joint Venture Contract") will be concluded between a designated subsidiary of ZijinMining and COMINIERE, according to which the parties will create a joint venture (the "Joint Venture"), in which the Zijin Mining subsidiary will hold 71% shares and COMINÎERE 29% shares".
This offer concerns the northern part of the Dathcom Mining SA Permit in Manono for which AVZ MInerals is Cominière's only partner to have invested expertise and money in exploration and studies that have led to the certifying the largest lithium deposit in the world while Cominière and its poor engineers at the head of the Technical Department could not imagine it.
Zijin is even more explicit: "After the creation of the Joint Venture, COMINIERE will assign the mining right to the Target Party legally held by it to the Joint Venture, free from any privilege, charge, claim, litigation and default. The research, development and operation of the Targeted Party will be carried out on behalf of the Joint Venture. On the date when COMINIERE assigns the mining right of the Target Party to the Joint Venture by completing all relevant procedures such as registration, registration and notarization, and that the Joint Venture becomes the legal and effective holder of 100% of the rights and interests of the Targeted Party, JIN CHENG will give back its 15% of shares in DATHICOM to COMI-NIERE
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Something is not adding up if this is a direct translation of the letter. This letter is almost in the tone of blackmailing.
Awesome.This is a great idea Spike !!!
It would be very useful to throw into twitter posts
Just make sure to put a really clear title on it too so it's super obvious that it's DRC lost revenue.
Maybe you should have a second one to for contrast... A snack counter
People can watch the relationship between increasing snacks and increasing lost revenue
Samus
Top 20
Yes that was exactly the impression that many of us did get and it was discussed in some detail a while back.
This information we're now privy to now wasn't available of course and the speculation was based more around AJN from memory.
Samus
Top 20
Did you read the article tonster?
Really a must for all shareholders I'd say.
Imo there is no fucken way these pricks get away with this shit without the the president knowing and allowing it. No wonder there's been no reshuffle they're all in on it.
If we lose North, get me out at $2. I am done investing in the DRC! Nigel close that deal.
Exactly
And why are we being conditioned on the forum to accept that these things are inevitable and that AVZ should acquiesce on so many matters to hopefully retain just a slither of its rightful entitlements?
Why are the illegal dealings of Cominiere and Zijin and the blocking tactics of the MoP and CAMI being portrayed now as solid and bona fide claims or activities that are pointless to challenge and we should be negotiating with these entities for crumbs or we will lose "everything"?
Why has this narrative been carefully grown and cultivated on this forum?
Who is the shepherd?
Are we the sheep?
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cruiser51
Top 20
Can you see the Chairman of the Board of Directors of any self-respecting company sign personally a letter of this nature, in this tone, to any Government agency and stamp the letter "confidential"?
Just ask yourself and take in consideration the amount of misinformation originating in the DRC...
Some thoughts
1. Sunlight is the best disinfectant. Latest article exposing zijin/cominiere dodgy dealings will make it harder to execute their plans.
2. After the reveal of this letter, how can we be expected to work with zijn in any capacity. They must be removed completely.
3. 'The Chinese' are not zijn. Zijn have proven themselves a blight on the DRC. CATH are by all indications going to be a positive partner in the projet. Point being, the entire weight of china is not supporting zijn. We have partnership deal with CATH and offtakes with other Chinese companies. 'China' is getting the lithium regardless - zijin is acting only in interest of zijin.
4. Corrupt actors in DRC have been able to get away with shit pretty easily previously. They are not used to any level of scrutiny, and so now they are pushing the boundaries. But just like self interest pushes them to do dodgy in exchange for snacks, self-preservation will mean eventually they won't want to risk their personal position manipulating a project that's getting so much attention. Sure no one's been incarcerated yet, but there have been arrests. That simply didn't happen previously. If we keep revealing the dodgines, people will decide this isn't the hill they want to die on.
1. Sunlight is the best disinfectant. Latest article exposing zijin/cominiere dodgy dealings will make it harder to execute their plans.
2. After the reveal of this letter, how can we be expected to work with zijn in any capacity. They must be removed completely.
3. 'The Chinese' are not zijn. Zijn have proven themselves a blight on the DRC. CATH are by all indications going to be a positive partner in the projet. Point being, the entire weight of china is not supporting zijn. We have partnership deal with CATH and offtakes with other Chinese companies. 'China' is getting the lithium regardless - zijin is acting only in interest of zijin.
4. Corrupt actors in DRC have been able to get away with shit pretty easily previously. They are not used to any level of scrutiny, and so now they are pushing the boundaries. But just like self interest pushes them to do dodgy in exchange for snacks, self-preservation will mean eventually they won't want to risk their personal position manipulating a project that's getting so much attention. Sure no one's been incarcerated yet, but there have been arrests. That simply didn't happen previously. If we keep revealing the dodgines, people will decide this isn't the hill they want to die on.
100%
Yes I did read the article. zijin were saying this and saying that and when you removed all their crap it comes to the facts. ML can be issued to AVZ as they have received all the favorable opinions and zijin have received the 15% through illegal means.
So if the DRC has any balls they could issue the ML. All the other stuff is just noise.
What hasn't been mentioned is the influence of the US, Arabs and others, I dont believe that they would want zijin to have control.
What is interesting is the minutes that were released where Felix has asked the MoP or MoM to draft policy regarding the sale of DRC assets. With this in place it would stop what has been proposed by zijin in the above letter. My thoughts only
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