I agree though I'd say he didnt need to throw in the auction speculation, his last hint weeks ago was sufficient and a simple thumbs up or something is all thats needed to say things are ticking on in case he cant share anything more.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Cumquat Cap
Regular
My way of approaching it now is best to wait until ICSID commences. These morally bankrupt entities always settle before being put to the fire. Assuming funding okay, best to step back until mid 2025, with purported interested buyers the DRC would be mad not to let us sell RD rather than a judgement with the world bank. Key is Locke plus some opex off the back of that announcement
Cumquat Cap
Regular
Also the DRC is full of absolute numpty dumbasses so maybe they go full ICSID
Azzler
Top 20
My sentiment too mate.
We hope funding comes through of course or else it's all over.
In my opinion only....
There's no deal anywhere near being even considered at present.
There will be zero news comming out of the AGM, and the BoD are unlikely going to answer a single question.
Geo, I wonder if you were sent in to quell a bit of shareholder frustration going into AGM. There was never any impending deal as you suggested.
We need funding secured, and it's reasonable to assume that the DRC would prefer to let us sell the project, rather than be hit with billions of dollars by the ISCID, and will settle before the case really gets going. But of course the country and government are absolute fruitloops and sensible action can't be counted on.
I also wouldn't count on something happening mid 2025, these assholes know how to delay delay delay, we STILL haven't heard about the fines from ICC, it's batshit crazy that they can constantly caused delays in that case, but it's the way the law works unfortunately.
My advice is to forget about AVZ, and just hope one day we get a settlement, and something out of this mess.
Again, in my opinion, there's absolutely nothing about to happen, nothing on the cusp, nothing even remotely close to that at present.
All we're trying to do is secure funding.
100%
I would only add that the MO of our BoD has been to say nothing, which I agree with.
If, and I believe that it's a huge if, there are discussions / negotiations they are probably of an informal nature. Consequently, AVZ would be ill - advised to give any details and would probably only issue verbal generalities if pushed.
I'm talking here about CCP and DRC.
US & European are very different, but I would still not expect many details, if any, to leak.
It simply does not make strategic sense.
Hemicuda
Regular
geo is just jerkin his squirter, nfi
Couldn't agree more with this Azzler.
In my opinion only....
Do not expect answers at the AGM, other than well rehearsed standard responses.
Do not expect a return on your investment anytime soon, if you are in financial difficulty you need to look at alternative solutions now, if you haven't already.
Do not expect a miraculous deal to be made when the company is on the ropes. When funding is sorted, MAYBE discussion MIGHT continue.
Do not put any faith in the vague positive comments by people on here or elsewhere. This is a very dynamic time for the company and anyone saying they have a good handle on it is lying to us and themselves. This type of talk is reckless and damaging to those struggling at the moment.
Do not expect that everyone at the AGM has our best interests at heart. Any info revealed to you is also revealed to them. Keep this in mind when preparing questions asked of the BOD.
If you want to chat to Nigel, Ben etc.. Then chat to them after the formalities.
Dave Evans
Regular
Here’s a few things to consider regarding ICSID damages
The DRC is obligated under international laws and their own mining code to legally protect mining investor’s operations and their right to compensation (damages) caused by violations of its Mining Code. This includes damages due to the delay in being awarded the Mining License. Damages can be assessed by the net value of the asset, equal to the net value of future cash flows. It's worth taking into account, the following things when valuing damages relating to our project:
The value of the project in the absence of violations ie the non granting of the ML
The value of the project at the start date of the production
Increased processing capacity (4.5 Mtpa to 10 Mtpa)
Updated mineral resource (840MT of SC6)
Updated ore price forecasts (SC6, PLS, Tin)
Change in mine life
Updated BFS
Remember the Mining License wasn't granted because of the bullshit excuse (in violation of the mining code) that AVZ Minerals sought to enforce it's FROR and prevent the illegal and fraudulent sale of 15% of Cominiere's shares in Dathcom to Jin Cheng Mining.
I know a lot of shareholders are sick of waiting this out. I got my first shares in a company 1989. In 2011 I owned shares in 10 companies and by 2017 I was trading shares in 25 companies. The stock market isn't easy but sometimes you just have to let the process unfold and the main thing in my view is not devaluing AVZ just because it's in a corrupt country. Our management still have to approach the DRC in respectful way and through the courts of international arbitration
PutUsernameHere
Regular
If anyone here does attend and can post any relevant chat info or slide in my inbox that would be appreciated. I can't afford the time off work or to fly over to the west coast at the moment; and they obviously aren't doing anything online either.
Not expecting much, but any genuine insights outside of Geo's bullshit drop ins here would be fantastic!
Are you saying deboss is lying ?
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Cumquat Cap
Regular
Go check deboss’ last tweet, he’s now omitted the comment about feeling bullish. Very calculated guy
No, and i have not seen his latest comments. I am talking in a general sense that a lot of people have been mislead and given false hope for years here, and it does nothing to help people when time after time nothing comes of it.
No mate it's still there .You can find it between the photo of the smoking hot Swedish chick with the front wedgie and the Latino with juicy lips and erect nipples . Or before the photo of hot Russian bent over a kitchen stove wearing a g string .
"The Company is on the cusp of some significant wins and breakthroughs."
Frank
Top 20
That's a surprisingly frank statement from a career diplomat.
Cheers
F
MMMM Looks like the HC moderators weren't happy with h
ts promoting TSE continuously on HC and put him in the sin bin for a while. See hts with all those trophies the moderators thought you knew the rules and you thought they didn't apply to you.
Shit happens even to the best golfers from Cardwell.
I reckon the hts is due for a free beer at the AGM. 
ts promoting TSE continuously on HC and put him in the sin bin for a while. See hts with all those trophies the moderators thought you knew the rules and you thought they didn't apply to you.Shit happens even to the best golfers from Cardwell.
I reckon the h
ts is due for a free beer at the AGM. Truth often hurts mate, but soft doctors make stinking wounds.
Bray
Regular
Definitely 100%
Azzler
Top 20
"The Company is on the cusp of some significant wins and breakthroughs."
This is so vague it could mean many things that don't nessesarily indicate a return on investment for shareholders.
Likely he is refering to getting funding as both the win and the breakthrough. I'd bet 9:1 odds that's all he's referring to.
But funding only means we aren't dead in the water by the end of the year, funding does not indicate we will ever get a return on investment.
But let me also state we currently are not funded yet.
So we're still, as of today, currently walking into the VA abyss.
This is so vague it could mean many things that don't nessesarily indicate a return on investment for shareholders.
Likely he is refering to getting funding as both the win and the breakthrough. I'd bet 9:1 odds that's all he's referring to.
But funding only means we aren't dead in the water by the end of the year, funding does not indicate we will ever get a return on investment.
But let me also state we currently are not funded yet.
So we're still, as of today, currently walking into the VA abyss.
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