AVZ Discussion 2022

[Exo311s]

Ok i am going to let the cat out of the bag regards to Locke funding, intel i received BOD were hoping out of the 20m received, they were hoping they could use 5m as working capital which clearly was a stumbling block cause Locke funding deals with litigation funding only hence the soph cap raise.

So there is definitely still an issue regards to raising funds for working capital and it will be a question i will ask at the AGM.

This makes sense

Good luck with the AGM and hopeful we get answers and a clearer path forward

 

[aon]

Just remember, deboss said "In my view, the Company is on the cusp of some significant wins and breakthroughs."
Locke is only the first significant win and breakthrough..... So let's see what happens....

YEP , Locke deal is just to help push along and up the bidding process imo.

 

[j.l]

YEP , Locke deal is just to help push along and up the bidding process imo.

Well it better push it up by more than 10% cos that's what it's costing us, minimum

 

[ptlas]

Well it better push it up by more than 10% cos that's what it's costing us, minimum

Glass half full:
It's not costing us anything because without it we're dead.
It's a sacrifice of some future value that will only eventuate if we stay in business and win the court cases / reach a settlement.
Locke has saved our bacon. For now.

I'm loathe to give up any territory unless the area that we retain is sold simultaneously or we enter partnership with a western entity.
To do otherwise, will inevitable lead to us being fucked over.

DRC is not fucked over by any of this.
People need to understand that this problem is not an issue with the DRC. It is an issue with the corrupt leaders and officials of the DRC. This is multi - generational.
Ultimately though, they will do what their Chinese paymasters order.

Their is no obvious sanctions for China / CCP for not mending their ways.

One thing that I will add.
I know for 100% fact that their were discussions late 2023 ( not typo ) in TWO European capitals around DRC corruption. Neither one was Brussels.
That is what, I believe, initiated the action against I'll gotten gains in Belgium and Canada.

Whilst I crave progress, the fact that we're still in the game is enough.
FOR NOW.

 

[CDK222]

The Lawyer prick from last year is trying to go incognito - no suit

 

[Wil_Mar]

The Lawyer prick from last year is trying to go incognito - no suit

Bennet or the coked out looking one?

 

[CDK222]

Bennet or the coked out looking one?

The slimy looking one

 

[BRICK]

The Lawyer prick from last year is trying to go incognito - no suit

Maybe he cant afford one this year?

 

[Bray]

We need a livestream

 

[Hudnut]

The slimy looking one

Still not narrowing it down.

 

[Mute22]

Have a good time tonight lads and ladies, hoping for a play-by-play for those of us unable to make it

 

[BRICK]

Have a good time tonight lads and ladies, hoping for a play-by-play for those of us unable to make it

and send piccies of the strippers?

 

[Mr_Tones83]

and send piccies of the strippers?

I don't think anybody afford it after 2.5yrs or so in suspension

 

[BRICK]

I don't think anybody afford it after 2.5yrs or so in suspension

Thats why im asking for pictures...

 

[hedrox]

AVZ Minerals annonce l’obtention de financement de litige de 15 M $ avec Locke Capital II - MINES.CD - Premier média congolais du secteur minier

AVZ Minerals Limited, une société minière spécialisée dans le lithium, a annoncé avoir obtenu un financement de litige de 15 millions de dollars américains (USD) auprès de Locke Capital II. Ce financement vise à soutenir les démarches juridiques de la société concernant des différends liés à ses...

mines.cd

 

[oxxa23]

good news... hope you fuckers are all well.... enjoy a weekend sip comrades..... oxxa out... until more good news...

 

[Mr Inappropriate]

Even if it is not the buy-out that some had hoped for, the financing from Locke clearly shows how strong our legal position is. Locke will also have consulted external specified lawyers and meticulously analyzed the legal situation. They seem to have come to the conclusion that AVZ's legal proceedings are watertight.
The corrupt bunch can pack their bags.

They are kunts. I think we should call them what they are.

 

[grassseeds]

Re the meeting today. A crowd of say about 100, and many people came from Interstate.

Earlier at the Herdsman Tavern Yianni went through the current situation as he sees it at the meeting before the AGM.

After the resolutions were completed and current details of the outstanding legal issues were outlined Nigel and John Clarke took questions. As I see it Nigel felt that getting the Locke funding allows AVZ to now start pushing harder to get issues resolved. The Locke funding also gives a foundation for getting additional capital.

A query was raised about selling the project or going to mining John Clarke felt that being prepared to mine needs to be a priority as it gives you greater flexibility depending on what shareholders want and what options are available.

The question was raised about AVZ current value. Nigel's response was that with a Mining license in place and depending on Lithium prices the project value varied between $2.5 billion and $7.5 billion.

John Clarke, Nigel and Graeme Johnston went to the Hersdman Tavern and spoke further to any shareholder present.

Overall feeling that the Directors projected was that the Locke funding was a catalyst to be more proactive. They are still optimistic about getting value back to shareholders.

 

[BRICK]

Re the meeting today. A crowd of say about 100, and many people came from Interstate.

Earlier at the Herdsman Tavern Yianni went through the current situation as he sees it at the meeting before the AGM.

After the resolutions were completed and current details of the outstanding legal issues were outlined Nigel and John Clarke took questions. As I see it Nigel felt that getting the Locke funding allows AVZ to now start pushing harder to get issues resolved. The Locke funding also gives a foundation for getting additional capital.

A query was raised about selling the project or going to mining John Clarke felt that being prepared to mine needs to be a priority as it gives you greater flexibility depending on what shareholders want and what options are available.

The question was raised about AVZ current value. Nigel's response was that with a Mining license in place and depending on Lithium prices the project value varied between $2.5 billion and $7.5 billion.

John Clarke, Nigel and Graeme Johnston went to the Hersdman Tavern and spoke further to any shareholder present.

Overall feeling that the Directors projected was that the Locke funding was a catalyst to be more proactive. They are still optimistic about getting value back to shareholders.

Thanks mate.

Appreciate it

 

[Azzler]

Re the meeting today. A crowd of say about 100, and many people came from Interstate.

Earlier at the Herdsman Tavern Yianni went through the current situation as he sees it at the meeting before the AGM.

After the resolutions were completed and current details of the outstanding legal issues were outlined Nigel and John Clarke took questions. As I see it Nigel felt that getting the Locke funding allows AVZ to now start pushing harder to get issues resolved. The Locke funding also gives a foundation for getting additional capital.

A query was raised about selling the project or going to mining John Clarke felt that being prepared to mine needs to be a priority as it gives you greater flexibility depending on what shareholders want and what options are available.

The question was raised about AVZ current value. Nigel's response was that with a Mining license in place and depending on Lithium prices the project value varied between $2.5 billion and $7.5 billion.

John Clarke, Nigel and Graeme Johnston went to the Hersdman Tavern and spoke further to any shareholder present.

Overall feeling that the Directors projected was that the Locke funding was a catalyst to be more proactive. They are still optimistic about getting value back to shareholders.

Great post. Thanks mate!