AVZ Discussion 2022

[BRICK]

I love devil wings.. but i'm not sure how i feel about devil avocados

I reckon it’s like avocado on toast with extra chilli?

 

[Frank]

I know i keep banging on about FT , but how on earth has he allowed all this to happen under his watch ?

I mean , i understand that China pretty much rules DRC, but if eradication of corruption was FT mandate, the proverbial " dropped the ball " quotation barely scratches the surface based on the above summary of events!

IGF report ignored, Cominiere actions ignored, creation of Manono lithium Sas ignored, Zijin currently illegally drilling CDL with multiple rig operation , ignored.

At the very least, why hasnt FT ordered all illegal activities to cease until ICC / ICSID forms its conclusions ?

Or even better, why didnt FT summon AVZ BOD to the round table ages ago to discuss the MOU and a path forward to avoid lengthy arbitration deliberations that had multiple consequences, punitive financial damages, further destruction of reputation globally within the mining investment sector, massive delay to his pillar ambition ..........LITHIUM HUB which would create thousands of jobs and boost the DRC balance sheet exponentially.


Lets hope the " wait a while " newly formed Govt, lead by 75% majority FT ( ) gets a brain and a spine and puts a end to this insanity !

Rant over..........again

imo

 

[cruiser51]

CE.A May/2024/COMMUS
LUALABA/DRC
THE EYE on Africa
MWENGE: analysis platform on African issues
Following its administrative suspension, COMMUS imposes “unpaid leave” on its contracted workers
КАМОА COPPERSA Joint stock company with board of directors
COMMUS SAS ZiJin
Par Kiki Kienge
After the suspension of operations amid concerns about excessive radiation (uranium) of its cobalt, the COMMUS company of the Chinese group ZIJIN imposes "unpaid" leave on its workers in order to save on their salaries .
It was through a simple message (SMS) that the Congolese workers were informed:
<< Here is the planned plan for annual leave (pointing N). If you have no objection, please take this leave. If you have any comments, please send them to Mr. Yannick tomorrow morning at the latest. >>>
Without state aid, these contract workers risk finding themselves without any financial income for their families.
We ask the provincial authorities of Lualaba to be able to look into the matter in order to avoid further social disasters among the population.
kikikienge a gmail.com
044

 

[Carlos Danger]

loose lips sink ships - STFU on a public forum

@Carlos Danger - I'm happy to leave it to ICSID to give the determination, but IMO, unrealised promises and false pretences presented legal issues for MoM, which led to the reunification by decree (yes, 32 not 31, I didn't go back to look). That renders all past actions irrelevant and white noise. All the other shit since then is shitfuckery as Plan B for Zijin and their fuckwit mates.

Do you have copies of the decree from MoM that ratified the 15575 split? Really interested to see if it exists

Back in November we made a bet where I was banging on about Zijin giving up on their claim for the 15% of Dathcom because they had transferred their 33mil USD to their purported claim of Manono Lithium acquiring 15775. Although to be fair DLA piper agreed with me at the time.

Based on publicly available information you were right and I was wrong proven by Fasken bullshitting that they will pursue their claims to the 15% through the back alley DRC court system on Zijin’s behalf

The jade pony has been acquired and it is available to be delivered wherever you want at any time upon your request

As I said the other day I agree with management’s current tactic and believe it will result in a positive outcome for shareholders

Without the ASX’s prying eyes a variety of positive outcomes are possible for the mushrooms imo

 

[Carlos Danger]

Hi Carlos

Mate, you are one smart cookie, way above my pay grade, but correct me if i am wrong , the "waiver of the north " is a grey area, you admitted yourself in the past that you couldnt find any defining docs that confirmed that AVZ BOD had in fact waived that off, Nigel has been vague on the topic too.........on one hand he said " who cares, full of MICA " to........" nope, i didnt waive it, we were tricked "

So , i dont think we can really comment about the north with any great fact, because its as vague as fuck in my opinion

It was a great shame that there wasnt any " question time " at the previous AGM, because it would of been a good opportunity to explore that subject matter at greater depth.

BTW, anything that comes out of MUPANDE gob should be completely ignored, cause he is a corrupt, traitorous arse hole...

imo

That’s why I’m being such a douche about this. I’m trying to force AVZ’s hand if it exists because I truly believe it will help us in the public relations battle.

 

[Flight996]

Mate, we all appreciate your commitment and passion for getting a fair outcome in this seemingly endless shitshow.

Re: Without the ASX’s prying eyes a variety of positive outcomes are possible for the mushrooms imo

We may need to simply agree to disagree on this statement.

As we are all aware, the ASX is not the regulator. That role falls to the ASIC (edited). However, ASX listing rules require the uniform and timely reporting of key information and events across all its member companies equally, which is a good thing.

There is a significant benefit in having all companies meet the same reporting and accounting standards, and significant downside when companies operate in the shadows without needing to report regularly and to the same standard.

I feel that the AVZ board and its General Manager have not been totally honest with its shareholders on a number of occasions, particularly during its roadshows and around the relinquishment of the northern part of its tenement. When AVZ delists in a weeks time, I fear that management may take advantage of the situation to keep us even more in the dark, and in the process further disenfranchise us from influencing key decisions.

The idea of keeping the enemy guessing through delisting and withholding publicly available information is totally overstated. AVZ's Chinese and DRC enemies will get their intel regardless of whether the company is listed or not.

Cheers
F

 

[Samus]

I feel that the AVZ board and its General Manager have not been totally honest with its shareholders on a number of occasions, particularly during its roadshows and around the relinquishment of the northern part of its tenement. When AVZ delists in a weeks time, I fear that management may take advantage of the situation to keep us even more in the dark, and in the process further disenfranchise us from influencing key decisions.

Honestly, is this even possible?

All they've really publicly given us are the court outcomes as they occur. I'll be very surprised if we don't continue to get that.
Beyond that we don't even know what the BOD have been up to, including those new board members who we voted in on managements request.
We'll probably hear about the outcome for funding but management are infamous for never projecting an accurate time frame. So we can probably anticipate the not knowing about that in a timely manner.

Anyway point is beyond those types of critical things we never knew anything (officially) anyway so it can't really get much worse on that front.

 

[Cumquat Cap]

Yes visibility gone which fucken sucks (not much different to now except the shorters are properly fucked).

But remember, Nigel has 50m shares ($70 m aud at its peak and he didn’t sell a share) so whatever you think he might be doing that’s nefarious or what best believe he’s working like crazy to not lose that much capital.

Imagine losing 70m dollars for the sake of 1.6 in salary and just kicking back enjoying the weather. He’s working like crazy to achieve a liquidity event for shareholders. Others I’m not so sure about but you get what I mean

 

[robface]

Yes visibility gone which fucken sucks (not much different to now except the shorters are properly fucked).

But remember, Nigel has 50m shares ($70 m aud at its peak and he didn’t sell a share) so whatever you think he might be doing that’s nefarious or what best believe he’s working like crazy to not lose that much capital.

Imagine losing 70m dollars for the sake of 1.6 in salary and just kicking back enjoying the weather. He’s working like crazy to achieve a liquidity event for shareholders. Others I’m not so sure about but you get what I mean

Don't see anyone banging down our door to buy our shares if the shorters are as fucked as you say.

 

[Dom1974]

Have a look at Ty’s recent campaign, being fed by Shane to create FUD. Trying to scare shareholders to offmarket their shares cheap I reckon. But primarily employed by Simon Cong & Zijin.

 

[Cumquat Cap]

Don't see anyone banging down our door to buy our shares if the shorters are as fucked as you say.

Take your constant bitching to hotcrapper

 

[robface]

Take your constant bitching to hotcrapper

You can't handle a simple observation?

 

[Remark]

You can't handle a simple observation?

I think you're taking this criticism the wrong way.

He's only saying that he recognises a bitch when he sees one

 

[robface]

I think you're taking this criticism the wrong way.

He's only saying that he recognises a bitch when he sees one

Yep, looks like we're all bitches who can't get buyers for our shares.

 

[Xerof]

Have a look at Ty’s recent campaign, being fed by Shane to create FUD. Trying to scare shareholders to offmarket their shares cheap I reckon. But primarily employed by Simon Cong & Zijin.

Don’t bother, it looks like the prosecution case for Fatarse in the WASC, which keeps getting delayed. Time is not on their side, so poor old Ty me kangaroo down sport is tasked with trial by Twitter. Talk about desperation

About time I changed my Pink Floyd song so I have

 

[BRICK]

Yep, looks like we're all bitches who can't get buyers for our shares.

Only those who would be trying to sell.

 

[Cumquat Cap]

Yep, looks like we're all bitches who can't get buyers for our shares.

Yep keep it pushing to the other thread of hotcrapper and good luck selling your shares

 

[Samus]

AVZ seems to have about 3.3% short position.

Presumably most of those shorters will simply try to work something out with the lender. 3% doesn't seem to represent significant proportion enough for them to desperately out there trying to buy up everybody's shares. At best a few desperates might get approached.

Burning the shorters seems little consolation for the shit we've been through tbh. Although those fuckwits can suck shit anyway and hopefully boatman is suffering.

 

[Winenut]

Mate, we all appreciate your commitment and passion for getting a fair outcome in this seemingly endless shitshow.

Re: Without the ASX’s prying eyes a variety of positive outcomes are possible for the mushrooms imo

We may need to simply agree to disagree on this statement.

As we are all aware, the ASX is not the regulator. That role falls to the ACCC. However, ASX listing rules require the uniform and timely reporting of key information and events across all its member companies equally, which is a good thing.

There is a significant benefit in having all companies meet the same reporting and accounting standards, and significant downside when companies operate in the shadows without needing to report regularly and to the same standard.

I feel that the AVZ board and its General Manager have not been totally honest with its shareholders on a number of occasions, particularly during its roadshows and around the relinquishment of the northern part of its tenement. When AVZ delists in a weeks time, I fear that management may take advantage of the situation to keep us even more in the dark, and in the process further disenfranchise us from influencing key decisions.

The idea of keeping the enemy guessing through delisting and withholding publicly available information is totally overstated. AVZ's Chinese and DRC enemies will get their intel regardless of whether the company is listed or not.

Cheers
F

The ACCC is not the regulator of the ASX

The ACCC regulates competition and is concerned with consumer law

ASIC (The Australian Securities and Investment Commission) is the regulator of the ASX and in it's broad role regulates financial markets and the conduct of Australian companies

Just for clarity

Cheers

 

[Winenut]

AVZ seems to have about 3.3% short position.
View attachment 62141
Presumably most of those shorters will simply try to work something out with the lender. 3% doesn't seem to represent significant proportion enough for them to desperately out there trying to buy up everybody's shares. At best a few desperates might get approached.

Burning the shorters seems little consolation for the shit we've been through tbh. Although those fuckwits can suck shit anyway and hopefully boatman is suffering.

The shorters aren't fucking concerned

They've been able to deploy their capital all through this exercise in any way they wish (remember they already sold their shares so have the cash)

The smart onces could deploy that capital and make a few percent here and there and cover their interest cost many times over as this whole shit show plays out

I would suspect the interest cost would be tax deductible too

They're only fucked if we manage to get a positive outcome and we can relist and the SP takes off

Then they're all scambling like fuck to close their positions

Fuck I hope that happens.....