AVZ Discussion 2022

[BRICK]

Translated:

beat me to it!

 

[Bin59]

Last paragraph contains a disclaimer …

The Company reminds investors that further exploration and verification of resource information are required for this cooperation, and the project's profitability is sensitive to lithium price fluctuations. The Project may also be affected by related disputes and unexpected delays in project development. Investors are advised to pay attention to these risks.

 

[Thaz]

Main key points i can see.....

Following a judgment by the Congolese (Kinshasa) judicial authorities and approval from government agencies, the 100% ownership rights to the exploration rights numbered PR13359 for the Manono Lithium Project were returned and registered in the name of COMINIERE. Subsequently, COMINIERE invited the Company to cooperate in exploring and developing the northeastern portion of the exploration rights numbered PR13359 (corresponding to the current exploration rights numbered PR15775).

According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.

Additionally, the Company has acquired the development rights for the Mpiana-Mwanga hydroelectric plant near the Project location through an open bidding process. Once restored, this power plant, which is in proximity to the Project, will provide ample low-carbon electricity support for the Project's development.

this is royally fucked if this is the case.

 

[Mr Clean]

Translated:

Knew it. They are ploughing ahead. ICC be damned. They aren’t waiting for anything.

AVZ can’t ignore this.

It’s the biggest move made by our enemies to date.

 

[Thaz]

beat me to it!

sorry bud! haha.

ChatGPT is a gem.

 

[Carlos Danger]

Zijin announced this:

 

[Carlos Danger]

Main key points i can see.....







this is royally fucked if this is the case.

Knew it. They are ploughing ahead. ICC be damned. They aren’t waiting for anything.

AVZ can’t ignore this.

It’s the biggest move made by our enemies to date.

ICC be damned because part of the deal is Zijin withdrawing their claim on 15% of Dathcom and using the 33.4m to pay Cominiere for the north. Unless they are trying to get that 15% for free now. This was the exact terms of the original offer by Zijin.

'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'

 

[Spikerama]

Here's another one for the collection.

 

[BRICK]

sorry bud! haha.

ChatGPT is a gem.

Nice!
Good idea

 

[tonster66]

Seems like Felix has lost control. china flexing its muscle, this is not good. Who is going to stand up to china? They are telling everyone to get stuffed and doing what they please

 

[cruiser51]

View attachment 47897
View attachment 47898

The project may be affected by relevant disputes, and the project development progress is less than expected.
Investors are advised to pay attention.....

And then there is the ICC arbitration outcome...

And the resource has to be drilled out etc, etc, etc....

 

[Thaz]

i've just sent an email to AVZ for some commentary on the latest developments.

I doubt i'll hear anything - but lets see.

 

[9cardomaha]

ICC be damned because part of the deal is Zijin withdrawing their claim on 15% of Dathcom and using the 33.4m to pay Cominiere for the north. Unless they are trying to get that 15% for free now. This was the exact terms of the original offer by Zijin.

'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'

So they want a refund on the 15% from Dathcom and then use it to get 61% of 125 carres？

Menstrual cycle of the jade pony right there.

 

[mouseflying]

View attachment 47897
View attachment 47898

In last Paragraph "the project may be affected by relevant disputes"
Zijin is very honest with its investors.

 

[llhtom]

Seems like Felix has lost control. china flexing its muscle, this is not good

Felix never had control to begin with. He hasn't done anything for the past 18 months apart from travelling around promoting his corrupt country. My bet is he is in it as well for turning a blind eyes. I find it hard to believe a president is not aware of the significance of this project to its country.

Frankly, its disappointing but you can't do anything at this stage. So much for the MOU negotiation which doesn't resolve anything apart from just talk.

Isn't the transfer etc in breach of ICC emergency judgement?

 

[Carlos Danger]

And then there is the ICC arbitration outcome...

Fun fact Zijin brought the ICC case and can drop it anytime they want. And the MoU deal will lead to the dropping of all litigation against the DRC and its controlled entities so that means no Cominiere ICC case. Relevant disputes refers to control of Mpiana Mwanga imo

'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'

 

[Cumquat Cap]

It's all in breach of ICC order (they've probably realised they have lost that case and don't care)

 

[cruiser51]

180 days x 50,000 Euros X 1.65 =~ AUD$ 15 million and the clock is ticking.

 

[9cardomaha]

what did they pay for the 61%?

33.4M+ 70M(to an NGO), and thats it?

I also think ZJ are about to withdraw ICC. The way they've worded this return (albeit chatgpt translation) its like they were never in Dathcom - ah just gave Cominiere 33.4mil to hold, now want to cash in the credits. Who or what is dathcom?

 

[wombat74]

ICC be damned because part of the deal is Zijin withdrawing their claim on 15% of Dathcom and using the 33.4m to pay Cominiere for the north. Unless they are trying to get that 15% for free now. This was the exact terms of the original offer by Zijin.

'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'

Zijin gets CDL for peanuts and controls the Power Station . AVZ keeps RD . Zijin makes an offer for RD . AVZ Bye Bye