Xerof
Have a Cigar 1975
To summarise:
If you thought we were fucked last week, then status quo prevails
But we are a week closer to being not as fucked as we were last week
10 hail mary's
AVZ Discussion 2022
- Thread starter GazDix
- Start date
To summarise:
If you thought we were fucked last week, then status quo prevails
But we are a week closer to being not as fucked as we were last week
10 hail mary's
RHyNO
Regular
.
That is one of the most insightful posts on here in months. WHAT THE FUCK IS GOING ON! As these dogs have more of my money than a fucking house. I’d actually like to know. I think we’d all like to know. How come it’s costing 4 times what it should? DRC premium sure. But 4 fucking times?I cannot figure out how these clowns have spent 7 fucking million on exploration costs..
53 Drill holes, rigs run around 10-15k a day.. Say 1.5 million total to drill all 53 holes...
5.5 Million unaccounted for wtf are they doing?!
Winenut
Go AVZ!
I know my good friend....I have an accounting/finance background somewhat surprisingly!
Totally agreed on cash flow right now being the absolute priority...it pretty much always is
I then noted once you are up and running and generating sales then the customer has to be the number one priority.....although very, very, very, very, very, very, very closely followed by cashflow!
Hopefully the BoD can prudently navigate the cashflow situation now and then we can get this beast into production, generate sales, absolutely look after our customers and then get the opportunity to manage one fucking HUUUUGE cashflow!
Winenut
Go AVZ!
Winenut
Go AVZ!
FilthyRich2
Regular
More from my Manono Archives on the oppression of the township of Manono (privately held and acquired over many years)
Again this is from 1960
Foreign governments had to step in to help the villagers of Manono
The DRC government did nothing in this period
Here is an Irish guard helping a villager who opposed the governments oppression, in a peace-full manner.
Now is the time for the DRC Government to make amends and correct the errors of the past
Manono residents will remember this period of their history.
They are proud of their heritage , values and community.
Here is the opportunity for the DRC Government to correct wrongdoings in the past with the mining licence for villagers wellbeing.
Politicians need to stand up and make amends for predecessors wrong doings
If they want to win elections the correction of past decisions must be made.
Tribal elders must be aware of this period in Manono's history
Mining licence is the way forward for residents of the Katanga province
Politicians if you want to win votes in the next election , you need to honour the elders of the past in region.
The people of Manono need your support and commitments to the prosperity of the region
Due to file sizes images may appear as links rather than displayed images, click on link to view.
Again images may be freely circulated , subject to disclaimers on containing passed elders as per below.
(Images below may also include pictures of past Elders in Manono, so if viewed by any Manono residents please be aware of this)
View attachment BRW9C305BEB6CFF_001618.jpg
View attachment BRW9C305BEB6CFF_001619.jpg
Again this is from 1960
Foreign governments had to step in to help the villagers of Manono
The DRC government did nothing in this period
Here is an Irish guard helping a villager who opposed the governments oppression, in a peace-full manner.
Now is the time for the DRC Government to make amends and correct the errors of the past
Manono residents will remember this period of their history.
They are proud of their heritage , values and community.
Here is the opportunity for the DRC Government to correct wrongdoings in the past with the mining licence for villagers wellbeing.
Politicians need to stand up and make amends for predecessors wrong doings
If they want to win elections the correction of past decisions must be made.
Tribal elders must be aware of this period in Manono's history
Mining licence is the way forward for residents of the Katanga province
Politicians if you want to win votes in the next election , you need to honour the elders of the past in region.
The people of Manono need your support and commitments to the prosperity of the region
Due to file sizes images may appear as links rather than displayed images, click on link to view.
Again images may be freely circulated , subject to disclaimers on containing passed elders as per below.
(Images below may also include pictures of past Elders in Manono, so if viewed by any Manono residents please be aware of this)
View attachment BRW9C305BEB6CFF_001618.jpg
View attachment BRW9C305BEB6CFF_001619.jpg
Retrobyte
Hates a beer
Remark
Top 20
More like this
John25
Regular
“A fortnightly update” would be nice ???? Its been over 5 months since AGM & not 1 issued by our fearless leader plus himself admitting at last meeting his so-called communication skills needed improving …its a damn shame he doesnt forget signing his pay check with this gay abandon of forgetfulness …our BoD credibility ,a complete joke
Winenut
Go AVZ!
Seriously how strong and direct is Jonnno in calling out the truth and shining a light on the darkness
More power to Jonnno
Brave, honest and smart man it would seem
DRC needs more Jonnno's......many, many more
Azzler
Top 20
The Narcissists on HC are having the time of their lives.
You can destroy Narcs by learning about their behaviour and just pointing it out to everyone.
They're perfect trolls, easily depowered once you know how Narcs work.
Then they'll degrade into angry ranty vile shits at which point everyone will see through them.
The platform is heaven for them because they'll report such posts as flaming/baiting.
Just got to make the posts calling them out still about AVZ.
I got my access revoked after repeatedly calling the mods there a bunch of corrupt disgusting pieces of shit
I see a few people over there still holding the candle and pointing out rubbish pretty effectively. Is SF120 on here?
Sorry to post about HC, I'm so glad we have this place thank Zeegods!
You can destroy Narcs by learning about their behaviour and just pointing it out to everyone.
They're perfect trolls, easily depowered once you know how Narcs work.
Then they'll degrade into angry ranty vile shits at which point everyone will see through them.
The platform is heaven for them because they'll report such posts as flaming/baiting.
Just got to make the posts calling them out still about AVZ.
I got my access revoked after repeatedly calling the mods there a bunch of corrupt disgusting pieces of shit
I see a few people over there still holding the candle and pointing out rubbish pretty effectively. Is SF120 on here?
Sorry to post about HC, I'm so glad we have this place thank Zeegods!
Carlos Danger
Top 20
I got my access revoked after repeatedly calling the mods there a bunch of corrupt disgusting pieces of shit
Frank
Top 20
New loan of $280 million to finance the budget deficit
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
RHyNO
Regular
To pay for state emergency! Hate to be a first testament asshole but if any pack of animals are getting flooded it’s these corrupt lying dogs! God will judge these fools for their lies and ignorance and we will stand around saying we built you an arc, you didn’t want it!New loan of $280 million to finance the budget deficit
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
View attachment 35362
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