AVZ Discussion 2022

[JAG]

Are any of the AVZ crew in Darwin at the moment?

I'm in the Gibson Desert, just down the road. Drop past if ya want but it's a dry site mate, you will have to bring a few roadies smuggled in

 

[DoubleA]

#CHINESE_CONTRACT

Following the IGM's damning report, the PR05 decided to revisit the convention in order to rebalance things in favour of the DRC.

Let us congratulate the PR05 for this political courage and ask it to also find a definitive solution to the blocking of Lithium/Manono.

If the President has in fact decided to revisit this arrangement then at least it means there may be more chance of progress being made sooner.

I guess it just depends how far this "rebalancing in favour of the DRC" goes. I think the DRC should benefit from the project, but I also think AVZ should benefit from taking on the risk and investing huge $$$ to drill and define the resource as well as operating ethically and legally. Kasongo does mention #Chinese_contract but he also has seemed to become much more anti AVZ in the past few months. It is difficult to know what the DRC Government's intentions are.

 

[Mickyb64]

I'm in the Gibson Desert, just down the road. Drop past if ya want but it's a dry site mate, you will have to bring a few roadies smuggled in

Quite happy sitting at a roof top bar waiting for the storm to hit. Just thought I'd throw it out there and see if there were any bites. Happy to buy
you a beer one day Jag.

 

[cruiser51]

Learnt a new word today

"Opprobrium"

Thanks for that

You could show your mates in the pub how smart you are and use it a few times with a smile, while studying the skimpies behind the bar.

You might finish up with a free clarety. Just in case prepare to duck.

 

[tonster66]

Perhaps, perhaps not. But alternatively, do you also think these Chinese criminals will just give up their efforts to be involved if Zijin's 15% isn't confirmed at ICC? That'll just be one avenue of attack, and no doubt we'll see ongoing efforts moving forward in that case to disrupt the Project to leverage either their involvement or to undermine ours. I dont like it, but to progress the project it might be better having them inside the tent pissing out, than us either no longer having the tent, or constantly battling streams of external piss during the tent's construction. To stretch a metaphor. I don't know, its just my opinion when taking a step back and looking at the possible outcomes.

When CATH get their 24% chinese ownership will be well over 30%. I dont know if the other chinese investors would like zijin playing these games when their profits and products are on the line.

 

[Carlos Danger]

One other interesting point mentioned in the Half Yearly was that following the MoM's "irregular" ministerial decrees AVZ has responded only by letter - indicating that we likely haven't had any direct engagement with the MoM to respond by the time of writing. This supposition along with our blindsiding when we heard about these (through AFR no less) suggests its not just FT we struggle to get direct meetings with.

Hopefully we are engaging now in these supposed negotiations we're currently involved in mentioned in the email posted here, but our active and ongoing talks with the highest levels of DRC government always touted in our ASX announcements don't appear to have had much grounding. Unless something changed or im mistaken we don't appear to have had any high level talks at ministerial level upwards referenced since the second meeting with FT in mid 2022.

We didn't hear about the new decrees from the AFR lol

Nigel's letter is dated February 3rd which is before the AFR allegedly 'discovered' the existence of the new decrees and contacted the Perth office for comment

Tommy clearly found out about the new decrees from reading the forums and Twitter discuss ACAJ's tweet that weekend and tried to take credit for the story because he is a shit journalist

 

[Roon]

We didn't hear about the new decrees from the AFR lol

Nigel's letter is dated February 3rd which is before the AFR allegedly 'discovered' the existence of the new decrees and contacted the Perth office for comment

Tommy clearly found out about the new decrees from reading the forums and Twitter discuss ACAJ's tweet that weekend and tried to take credit for the story because he is a shit journalist

True I see. Stand corrected and post edited.

 

[Winenut]

Port Adelaide tonight....

Just sayin'



Edit: I know The Power haven't done well in recent years but I think that was about the first time we've beaten the Brisbane Bears (Lions ) in about 5 years!!!

Blessed be small mercies

Now if only AVZ could post a win...even a goal from 35m out on a small angle.....anything......

 

[ptlas]

Port Adelaide tonight....

Just sayin'

$12

Just sayin'

 

[Winenut]

$12

Just sayin'

for the flag???!!!

 

[Onthefm]

If the President has in fact decided to revisit this arrangement then at least it means there may be more chance of progress being made sooner.

I guess it just depends how far this "rebalancing in favour of the DRC" goes. I think the DRC should benefit from the project, but I also think AVZ should benefit from taking on the risk and investing huge $$$ to drill and define the resource as well as operating ethically and legally. Kasongo does mention #Chinese_contract but he also has seemed to become much more anti AVZ in the past few months. It is difficult to know what the DRC Government's intentions are.

Imo it's difficult to believe that we are still drilling a resource we don't officially own. and have absolutely no conformation from the high ranking government that we have been in close contact with over the last 3 years that have not only not confirmed our ownership but pulled licences. I'd love to push something positive but our management have not given me anything to work with. Other than the resource. We talked about corruption in several asian countries not long ago . There is only one thing that the people running it had in common and imo the drc is exactly the same. Pay the tax and project moves ahead. Aimo

 

[CashKing]

Imo it's difficult to believe that we are still drilling a resource we don't officially own. and have absolutely no conformation from the high ranking government that we have been in close contact with over the last 3 years that have not only not confirmed our ownership but pulled licences. I'd love to push something positive but our management have not given me anything to work with. Other than the resource. We talked about corruption in several asian countries not long ago . There is only one thing that the people running it had in common and imo the drc is exactly the same. Pay the tax and project moves ahead. Aimo

Mate they are drilling away like they have something planned, Nigel’s face ?

TO ? fuck knows because we don’t get told… Something with CATH I reckon is going on, you CANNOT be that cocky with 50 million reasons to continue to spend while we wait on ICC…

Yes we have the goods & I don’t think it’s about the tax..

 

[The Fox]

I for one would be very concerned if indeed we are relying on the conclusion of the ICC cases to proceed with the project launch, with ML/FID and thus construction awaiting this closure. I just can't see the DRC government accepting that delay given the strategic nature of the project and FT's trumpeting to the heavens of his EV battery development plans. Following the verbiage released in the latest ministerial decrees about the project being held hostage due to the ownership disputes within Dathcom, this shot-across-the-bow was I think setting up the grounds for a potential outright stripping of the licence by the authorities in the national interest, should this look like it will drag on for an extended period without resolution. Or at least the government trying to promote some path forward, with a warning attached to reinforce the message.

Hopefully IMO we can at least use the likely outcomes of the ICC cases as the basis for a negotiated settlement that can move us all forward which, whilst unappealing, would at least reduce the likelihood of an outright AVZ collapse. Yes this may all be part of the Chinese plan, pushing us towards a deal as the lesser of two evils (which they are very good at), though the risk of a negative outcome for AVZ remains real. I dont really buy into the claim that the DRC won't dare oust us due to the message this would send to the wider international investment community. If they feel they need to in order to get the project moving, they will, and can present their national interest justifications until the furore dies down.

In any case I think we wouldn't necessarily be in a particularly bad position in a negotiation. We could probably reach an outcome which may satisfy most shareholders, paving the way to the resumption of Manono's development, though definitely not one that would please all here. I hope the email posted here that management were in the midst of negotiations is in fact the case, and that some sort of middle ground in weighted favor to AVZ could be found in the near term. Even though the government is largely at fault for our current predicament through its corrupt ministers supporting the hostile Chinese agenda, the wider government's 'patience' to leave Manono undeveloped probably also won't last forever, especially with those Chinese interests still being represented faithfully by the key actors we all know. FT doesn't seem in a rush to intervene either, so may be down to us.

Hey Roon,

I'd be concerned also if the ICC turned out to be the endgame, but at least there is an endgame. To be clear, I suggest the inclusion of dates around completion of any ICC case is mostly for strategic purposes stating AVZ will wait it out if necessary. Yet I think we all expect a resolution in the near term as Felix and friends can't keep stuffing around with Manono for much longer. Promises and announcements unfulfilled by Felix are mounting up big time. I don't believe the DRC can just give Manono to someone else, if that happens the recipient of Manono would be attached to an ICC case as well.

This might be a simple assessment of a complex issue, however if the DRC picked up double the level of ownership in Manono as dictated by the act and sat on 20%, as long as Zijin and Cong were "taken care of" one way or another and held no equity, and AVZ (Dathcom) held all of the original lease, then that would have to be a very good outcome for AVZ to sit on 80% prior to completion of any modified deal with Mr. Pei. Just a thought. Of course the 20% would have to be free carried.

Felix could be seen as a champion securing double the usual equity held by Gov.

Cheers The Fox

 

[Onthefm]

Mate they are drilling away like they have something planned, Nigel’s face ?

TO ? fuck knows because we don’t get told… Something with CATH I reckon is going on, you CANNOT be that cocky with 50 million reasons to continue to spend while we wait on ICC…

Yes we have the goods & I don’t think it’s about the tax..

Mate I tend to agree that there is some sort of deal ( so much per Mt) but fuck me if he gets it wrong what then? But stands to reason one good chinese gov backed co one bad chinese backed Co. drc happy move along. But our track record on reading drc and the generational corrupt drc gov that will not be change by some little aus co called avz and the chinese Co,s is abysmal. Imo

 

[Onthefm]

Hey Ron,

I'd be concerned also if the ICC turned out to be the endgame, but at least there is an endgame. To be clear, I suggest the inclusion of dates around completion of any ICC case is mostly for strategic purposes stating AVZ will wait it out if necessary. Yet I think we all expect a resolution in the near term as Felix and friends can't keep stuffing around with Manono for much longer. Promises and announcements unfulfilled by Felix are mounting up big time. I don't believe the DRC can just give Manono to someone else, if that happens the recipient of Manono would be attached to an ICC case as well.

This might be a simple assessment of a complex issue, however if the DRC picked up double the level of ownership in Manono as dictated by the act and sat on 20%, as long as Zijin and Cong were "taken care of" one way or another and held no equity, and AVZ (Dathcom) held all of the original lease, then that would have to be a very good outcome for AVZ to sit on 80% prior to completion of any modified deal with Mr. Pei. Just a thought. Of course the 20% would have to be free carried.

Felix could be seen as a champion securing double the usual equity held by Gov.

Cheers The Fox

I like your thinking. Hopefully

 

[Winenut]

Hey Ron,

I'd be concerned also if the ICC turned out to be the endgame, but at least there is an endgame. To be clear, I suggest the inclusion of dates around completion of any ICC case is mostly for strategic purposes stating AVZ will wait it out if necessary. Yet I think we all expect a resolution in the near term as Felix and friends can't keep stuffing around with Manono for much longer. Promises and announcements unfulfilled by Felix are mounting up big time. I don't believe the DRC can just give Manono to someone else, if that happens the recipient of Manono would be attached to an ICC case as well.

This might be a simple assessment of a complex issue, however if the DRC picked up double the level of ownership in Manono as dictated by the act and sat on 20%, as long as Zijin and Cong were "taken care of" one way or another and held no equity, and AVZ (Dathcom) held all of the original lease, then that would have to be a very good outcome for AVZ to sit on 80% prior to completion of any modified deal with Mr. Pei. Just a thought. Of course the 20% would have to be free carried.

Felix could be seen as a champion securing double the usual equity held by Gov.

Cheers The Fox

Throwing out some new thoughts and testing the water there Fox?

 

[Winenut]

Throwing out some new thoughts and testing the water there Fox?

And I know I should DM or PM there @The Fox but you're Basil Brush on the bird aren't you...

 

[The Fox]

And I know I should DM or PM there @The Fox but you're Basil Brush on the bird aren't you...


View attachment 32562

Not much else to do while we wait for an outcome. It’s all getting rather tiresome.

Ah yes, you got me with Basil Brush, but no. Will have to look that one up, the name is familiar but maybe a character before or after my time.

Suggesting Humphrey B Bear might be more appropriate as a favourite childhood character/ TV show for my generation.

Have a good one Winenut

 

[Winenut]

Not much else to do while we wait for an outcome. It’s all getting rather tiresome.

Ah yes, you got me with Basil Brush, but no. Will have to look that one up, the name is familiar but maybe a character before or after my time.

Suggesting Humphrey B Bear might be more appropriate as a favourite childhood character/ TV show for my generation.

Have a good one Winenut

Bit of nostalgia!

Actually Basil and Humphrey were around the same time (Basil started 1962 ol' Humphrey around 1965)

Humphrey was more local (Adelaide Australia....can you believe that ) and Basil was very much British Television (I suppose we saw it on the ABC here in Australia)

Anyway care factor is probaby zero but for the record Basil Brush was eloquent, bawdy and funny and Humphrey couldn't talk, was ostensibly mute and didn't wear any pants

Anyhoo.....back to AVZ

 

[The Fox]

Bit of nostalgia!

Actually Basil and Humphrey were around the same time (Basil started 1962 ol' Humphrey around 1965)

Humphrey was more local (Adelaide Australia....can you believe that ) and Basil was very much British Television (I suppose we saw it on the ABC here in Australia)

Anyway care factor is probaby zero but for the record Basil Brush was eloquent, bawdy and funny and Humphrey couldn't talk, was ostensibly mute and didn't wear any pants

Anyhoo.....back to AVZ

Well then, I’m definitely Basil during the day and Humphrey at night.

Re: Jens missing on Twitter. Most have probably seen feedback he is taking a break.

I would not be surprised if he had a dust up with Nigel over recent events hence taking a Twitter break. Nigel tells him and then Jens tells others to keep your head down on Twitter and don’t attack any officials and delete certain Tweets to then have Marius come out at that time and kick the MoP in the ass on public TV. More than once.

Lots of blow back on Jens from this and when compiled with all the inaccurate information shared by Jens from Nigel over the last year I’d say he spat the dummy a little. Or Nigel spat the dummy with him over posting supposedly a current picture of Nigel off to play golf with him.

Or is it possible Jens has been roughed up or threatened by some Chinese Mafia connections in Phuket and told to pull his head in. Most of his recent tweets were very anti Chinese.

Either way, I’m certain there is a Twitter profile that he will share with a close connection is my guess until he reactivates his account.

Not that all of the above makes any difference to where AVZ is at.

There is still a dialog circulating out there that something is coming through shortly. I look forward to seeing what that looks like should some sort of an outcome be close.

Cheers