AVZ Discussion 2022

[BEISHA]

Hey mate, I've been in this every step of the way, went to the roadshow after the suspension and have followed this so closely ever since.

I understand not being able to say a whole lot publicly. However, can you hint towards any kind of timeline for some kind of resolution, or major update in the process besides what going on in the international courts? If you're saying all is not lost, and far from it, are we talking....potentially within six months, or further out? I guess that'd be nice to know. As with everyone, I'd like some resolution somehow, to close this chapter one way or another.

Hi Elmitso

I have no time frames to give you, i simply do not know.

All i can say is that i have met sophs via past AGMs who have been in my ear of late individually and all have shared intel which have common themes .

No one is more sceptical than me given i have been burnt to the crisp via WFE, VEC, BABCOCK & BROWN and others in the past, but this intel gives me hope and so just wanted to share that thought in a limited capacity.

What i would like is something concrete to arrive before the next AGM.

Failing that, then i will be attending the upcoming AGM with alot of questions as per normal.

 

[Goldenboy]

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Old mate Scarpa’s post has been modded on the Crapper.

 

[Cumquat Cap]

Hoots is sure to knock any strong post down, hot crapper is a fucking joke

 

[Scoota30]

Hi Elmitso

I have no time frames to give you, i simply do not know.

All i can say is that i have met sophs via past AGMs who have been in my ear of late individually and all have shared intel which have common themes .

No one is more sceptical than me given i have been burnt to the crisp via WFE, VEC, BABCOCK & BROWN and others in the past, but this intel gives me hope and so just wanted to share that thought in a limited capacity.

What i would like is something concrete to arrive before the next AGM.

Failing that, then i will be attending the upcoming AGM with alot of questions as per normal.

View attachment 69277

Butter my bread Beish but we were all quietly confident and getting warm and fuzzies a few weeks & months leading up to the last AGM.
Still confident in the long term outcome but personally doubtful of anything prior to this year's AGM, only around 8 weeks away.

 

[JNRB]

I’m not sure what the AVZ playlist is but can whoever manages it can add this song;

Back in the HC days there was a sort of running list of AVZ song suggestions

 

[Frank]

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[Frank]

Fight against corruption: Odep advocates for the strengthening of the control powers of the Court of Auditors

The Public Expenditure Observatory (Odep) supports the approach led by the first president of the Court of Auditors, Jimmy Munganga, for the extension of the control power of his institution in order to enable it to properly lead the fight against corruption.

In a press release published this Friday, September 13, Odep emphasizes that corruption is, in fact, a real scourge that dooms all efforts made for the development of the DRC to failure.

Based on the report published by Transparency International in 2021, placing the Democratic Republic of Congo 11th in the ranking of the most corrupt countries in the world, the Public Expenditure Observatory expresses its support for the project to revise certain provisions of the organic law on the composition, organization and functioning of the Court of Auditors.

In this context, ODEP demands the following:

- The extension of the competence of the Court of Auditors in matters of budgetary discipline to political authorizing officers, in particular government ministers and provincial governors, which implies the amendment of Article 32 of the organic law of the Court of Auditors;

- The explicit recognition of the power of the Court of Auditors to directly seize the bank accounts of persons responsible for serious irregularities noted during its controls and their prohibition from leaving the national territory until the closure of their files, without going through their hierarchical superiors, which requires the amendment of Article 39 of the organic law of the Court of Auditors;

- The authorization of the Court of Auditors, in addition to the conviction of fines, to order the confiscation and restitution to public entities that are victims of funds or property stolen following mismanagement, which requires the amendment of Article 136 of the same law;

- The mandatory and automatic transmission to the Court of Auditors of any public procurement contract signed at the level of the central government, provinces, portfolio companies and public institutions, which requires an amendment to Article 28 of the same law.

In this same vein, ODEP calls for the unity of all civil society dedicated to the control and monitoring of public finance governance to come together to support the Court of Auditors, which it describes as “the main and first control institution in the DRC”.

It also invites the President of the Republic and parliamentarians to get involved in the fight against corruption by facilitating the revision of certain articles of the organic law of the Court of Auditors.

mediacongo

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[cruiser51]

Weekend movies

The Reko Case:




BY MUNIR AHMEDASSOCIATED PRESS
Published 4:15 PM GMT+8, September 18, 2020

ISLAMABAD (AP) — An international tribunal granted a stay pending a final decision on a $5.8 billion penalty imposed on Pakistan for denying a mining lease to an Australian company, an adviser to Pakistan’s prime minister said Friday.

Pakistan had appealed the penalty imposed by the World Bank’s International Center for Settlement of Investment Disputes, and has said it would hinder the country’s handling of the coronavirus pandemic. The case is testing Prime Minister Imran Khan’s ability to use back-channel diplomacy to settle disputes and keep alive efforts to lure more foreign investors to his impoverished country.

The fine, nearly $6 billion including the damages award and interest, would be equal to about 2% of Pakistan’s GDP and is on a par with a $6 billion bailout package the country secured last year from the International Monetary Fund. Experts have questioned the reasoning behind the huge award, which is more than double the size of the largest similar arbitration award in a case between Dow Chemical and Kuwait Petrochemical Corp.

Maybe FT should have a look too and also have a good look at the next article:

Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

www.aljazeera.com

fukim

 

[RHyNO]

I hope Nigel and the board share your enthusiasm for the facts @Frank what an international joke the DRC is. I hope the BOD are ready to do battle and win.

 

[Thaz]

New baby girl just born healthily a few days ago.

I'm now ready to have this fiasco wrapped up and in the way to retuning funds to shareholders.

Let's go Mr Fergusson. We've believed and trusted you so far.

 

[Winenut]

New baby girl just born healthily a few days ago.

I'm now ready to have this fiasco wrapped up and in the way to retuning funds to shareholders.

Let's go Mr Fergusson. We've believed and trusted you so far.

Congrats on the new arrival Thaz.....that's fantastic

All the best to the whole family

 

[Mute22]

New baby girl just born healthily a few days ago.

I'm now ready to have this fiasco wrapped up and in the way to retuning funds to shareholders.

Let's go Mr Fergusson. We've believed and trusted you so far.

Congrats Mate!

 

[Cumquat Cap]

Nigel

New baby girl just born healthily a few days ago.

I'm now ready to have this fiasco wrapped up and in the way to retuning funds to shareholders.

Let's go Mr Fergusson. We've believed and trusted you so far.

Congrats mate, I’ve just had my first recently as well and wish this stress wasn’t hanging over this period. Enjoy as much as you can!

 

[Frank]

Old mate Scarpa’s post has been modded on the Crapper.

*They ( Zijin ) couldn't find a Fish in a Fish Tank full of Fish

Unfortunately the Slimy two faced bastards can find a corrupt Politician / Official / Minister in the DRC to bribe easily

*Edit- Round 2 & 3 on the Crapper with Shit for Brains ( Toilet )

 

[Samus]

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*They ( Zijin ) couldn't find a Fish in a Fish Tank full of Fish

Unfortunately the Slimy two faced bastards can find a corrupt Politician / Official / Minister in the DRC to bribe easily

*Edit- Round 2 & 3 on the Crapper with Shit for Brains ( Toilet )

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Thanks for sharing scarpas post before it was moderated Frank.
His post probably the one thing I miss from the crapper.
It's a shame that shit eating Chinese toilet motherfucker had it moderated.

If he's lurking here like the rest of the lowlifes I'd just like to point out to him that he's a fucking cunt and to get fucked!

 

[Lucas Don Velor]

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Thanks Frank, was moded before I read it... stupid Tolate!

 

[Xerof]

Thanks for sharing scarpas post before it was moderated Frank.
His post probably the one thing I miss from the crapper.
It's a shame that shit eating Chinese toilet motherfucker had it moderated.

If he's lurking here like the rest of the lowlifes I'd just like to point out to him that he's a fucking cunt and to get fucked!

Gee, I got moderated on Friday night for using the word pussy.........

All about context I guess

 

[BEISHA]

Weekend movies

The Reko Case:




BY MUNIR AHMEDASSOCIATED PRESS
Published 4:15 PM GMT+8, September 18, 2020

ISLAMABAD (AP) — An international tribunal granted a stay pending a final decision on a $5.8 billion penalty imposed on Pakistan for denying a mining lease to an Australian company, an adviser to Pakistan’s prime minister said Friday.

Pakistan had appealed the penalty imposed by the World Bank’s International Center for Settlement of Investment Disputes, and has said it would hinder the country’s handling of the coronavirus pandemic. The case is testing Prime Minister Imran Khan’s ability to use back-channel diplomacy to settle disputes and keep alive efforts to lure more foreign investors to his impoverished country.

The fine, nearly $6 billion including the damages award and interest, would be equal to about 2% of Pakistan’s GDP and is on a par with a $6 billion bailout package the country secured last year from the International Monetary Fund. Experts have questioned the reasoning behind the huge award, which is more than double the size of the largest similar arbitration award in a case between Dow Chemical and Kuwait Petrochemical Corp.

Maybe FT should have a look too and also have a good look at the next article:

Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

www.aljazeera.com

fukim

Common denominator = China

 

[BEISHA]

I am a little slow on the uptake when it comes to tapping in to AVZ website for formal updates......

Convertible Note raising AVZ has raised A$1.4 million via an initial issuance of unsecured convertible notes (Convertible Notes) to certain professional or sophisticated investors (Noteholders), including directors and management personnel of the Company. The funds will be used to meet operational costs and, until entry into a binding litigation funding facility, fund the ongoing legal proceedings to which AVZ and its subsidiaries are a party. This initial fundraising enables AVZ to continue to take actions to protect its legal rights in the Manono Project and the interests of its shareholder and other stakeholders. The Company has also granted a call option

Now this has been made public, this was one of the many bits of intel that i was advised prior............so far so good.

Nigel going cap in hand, working hard to protect our rights as mentioned before

There is a reason why Locke funding is delayed, but not going to reveal why, but should be good to go...........if required.

In addition to the Company's continued pursuit of its legal strategy with a view to achieving a negotiated settlement, the Company continues to identify and explore realisation opportunities whilst ensuring any such settlement or value realisation opportunity is in the best interest of all shareholders.

 

[BEISHA]

Butter my bread Beish but we were all quietly confident and getting warm and fuzzies a few weeks & months leading up to the last AGM.
Still confident in the long term outcome but personally doubtful of anything prior to this year's AGM, only around 8 weeks away.

but we were all quietly confident and getting warm and fuzzies a few weeks & months leading up to the last AGM.

I beg to differ, we were fighting hard to retain our BOD last year from thse cunts

Make Manono Great Again hoping to trump current AVZ board

LIVING in limbo lithium stock AVZ Minerals has rejected a raft of claims made by the Make Manono Great Again firm – featuring ex-Resolute Mining managing director Michael Carrick – that is seeking a trio of board seats at next month’s AGM.

www.miningnews.net

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