AVZ Discussion 2022

[DiscoDanNZ]

 

[Bin59]

With 3 days of public mourning in the DRC, we might have to wait till next week to see any changes to our status in the mining register.

 

[JAG]

 

[BEISHA]

Bloody crooks

View attachment 10315

Dont know why anyone would be surprised by this, this is what instos do, install fear, then wait for the loose hands, then clean up, its fucking corrupt and they should be nailed to the wall, Morgan Stanley did it in 2018, they probably had a case back then ( over supply / demand ) , but it doesnt change the fact , its predatory behaviour.

I hate instos with a passion, dont have much trust in management either, cause they just pay you lip service, tell you what you want to hear, so i dont bother contacting them anymore, i just focus on the formal announcement and take profit at every turn .

The one dude i trust more than anything else ( apart from the good folk here at TSE ) ..............is BEISHA.....my FA, my TA.

imo

 

[BEISHA]

BEISHA

I specifically put that information in my post and underlined it at the end so Obe would see it and perhaps provide further information on it. I have been watching out for the License Renewal (Term of validity of PR13359 due on 27 December 2021) for the last 9 months and I have never seen it renewed.

Bin59 provided The Mining Rights and Required Licenses and Permits Document which states:

....to be eligible for a mining permit, companies are obliged to either form a joint venture with a state-owned company (such as Gécamines) - (or in our case, Cominiere) that already holds the necessary permits, or freely assign a mandatory 10 per cent stake of its share capital to the DRC.

- My view is that the Cominiere dispute (selling 15% equity to Zigin) is the cause of the suspension because it changed the process of renewing AVZ,s mining and exploration rights (The PR13359 License)

The Mining Cadastre has 20 working days to examine the request and to make a decision (Article 40). Following this, the Directorate of Mines must conduct a technical investigation.

- The Technical Approval has been given (ASX Announcement 13 April 2022)

The office in charge of the protection of the environment examines the environmental impact study and the environment management plan. These reviews must be conducted within a period of time set forth in the Mining Code for each type of request (typically, for exploitation permits, within 30 working days for the Mining Cadastre, 60 working days for the Mining Directorate and 180 working days for the environmental investigation). Should any of the aforementioned authorities fail to reach a decision within the required time frame imposed by the Mining Code, the mining permit will be considered granted. When a favourable decision is made, the Mining Cadastre will then grant the mining permit to the applicant, provided that the relevant surface rights have been paid for within 30 business days. All mining rights are conveyable under the Mining Code. A specific right of amodiation (comparable to a long lease agreement) also entitles the holder of an exploitation permit to transfer all or part of such rights under a rental scheme. Exploitation permits can also be mortgaged. Finally, while mining rights are valid only for specified mineral substances, permits can be extended to additional minerals through specific procedures.

- All requirements have been fulfilled as stated by the granting of the Technical Approval and ASX Announcement 4 May 2022

- DRC Minister of Mines has signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA (Dathcom) 1

- DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment

- The Ministerial Decree to award the Mining Licence covers the entirety of the Roche Dure JORC Mineral Resource and Reserve2&3 and the Carriere de l’Este exploration target4

- An area which was excluded under the Ministerial Decree to award the Mining Licence, will be renewed under a 5-year Exploration Licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government

- The transaction with CATH is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, whilst AVZ retains a majority stake of 51%

- DRC Council of Ministers expected to meet to provide wide ranging support for all outstanding permitting and licencing requirements for the Manono Project

Once again, thanks for the informative post.

I thought the technical approval ( 4/5/22 ) was the ML for Roche Dure, not the entire PR 13359 licence, but assuming you are correct and AVZ has fullfilled all requirements for PR13359, then why would ZIJIN purported claim of 15% mean we have the licence cut in half ?

Further to that, let me play devils advocate, what happens if Zijin has a case and they are entitled to their 15% ( even tho it sounds as dodgy as hell ) and it is deemed Cominiere were in the wrong ?

AVZ ( 36% ) , ZIJIN ( 15% ), CATH ( 24% ), Cominiere / DRC ( 25% )

Is Cominiere going to give AVZ that 15% back that they currently have , for free, considering AVZ has already paid for it , leaving DRC with their 10% ?

Bearing in mind that AVZ requires 51% control as operator of the mine as per DRC law.

Whilst i am at it, for clarity, these percentages only apply for Roche Dure , not CDL and the rest of the licence, is that correct ?

Man , this is a head fuck, i need an elon

imo

 

[CashKing]

Once again, thanks for the informative post.

I thought the technical approval ( 4/5/22 ) was the ML for Roche Dure, not the entire PR 13359 licence, but assuming you are correct and AVZ has fullfilled all requirements for PR13359, then why would ZIJIN purported claim of 15% mean we have the licence cut in half ?

Further to that, let me play devils advocate, what happens if Zijin has a case and they are entitled to their 15% ( even tho it sounds as dodgy as hell ) and it is deemed Cominiere were in the wrong ?

AVZ ( 36% ) , ZIJIN ( 15% ), CATH ( 24% ), Cominiere / DRC ( 25% )

Is Cominiere going to give AVZ that 15% back that they currently have , for free, considering AVZ has already paid for it , leaving DRC with their 10% ?

Bearing in mind that AVZ requires 51% control as operator of the mine as per DRC law.

Whilst i am at it, for clarity, these percentages only apply for Roche Dure , not CDL and the rest of the licence, is that correct ?

View attachment 10364

Man , this is a head fuck, i need an elon

imo

Mate Glencore are now advertising on tv ch7 during peak times, wtf is with that shit !

It’s not for jobs or hiring it’s just to let people know who they are….

Some weird shit going on…..
Maybe I should roll another joint also…

GLTAH

 

[MoneyBags1348]

Once again, thanks for the informative post.

I thought the technical approval ( 4/5/22 ) was the ML for Roche Dure, not the entire PR 13359 licence, but assuming you are correct and AVZ has fullfilled all requirements for PR13359, then why would ZIJIN purported claim of 15% mean we have the licence cut in half ?

Further to that, let me play devils advocate, what happens if Zijin has a case and they are entitled to their 15% ( even tho it sounds as dodgy as hell ) and it is deemed Cominiere were in the wrong ?

AVZ ( 36% ) , ZIJIN ( 15% ), CATH ( 24% ), Cominiere / DRC ( 25% )

Is Cominiere going to give AVZ that 15% back that they currently have , for free, considering AVZ has already paid for it , leaving DRC with their 10% ?

Bearing in mind that AVZ requires 51% control as operator of the mine as per DRC law.

Whilst i am at it, for clarity, these percentages only apply for Roche Dure , not CDL and the rest of the licence, is that correct ?

View attachment 10364

Man , this is a head fuck, i need an elon

imo

I think the Technical Approval applies to what is stated in the DFS so that is where you would find the exact details. I don’t know why you think the license is cut in half, and, if Zigin claim was valid, that would mean Cominiere would be left with nothing (not Cominiere / DRC 25%) because Cominiere’s last 10% would go to the DRC. I don’t think Zigin has any claim but if they did, we would still have 51% (after giving 24% to CATH). Aside from all that, if it came down to it, AVZ could just allow Zigin to win and therefore contribute to funding and actually begin work on infrastructure, and negotiate less % to CATH because we don’t trust them because they did not use their enormous influence to help our current position.

 

[Bin59]

Once again, thanks for the informative post.

I thought the technical approval ( 4/5/22 ) was the ML for Roche Dure, not the entire PR 13359 licence, but assuming you are correct and AVZ has fullfilled all requirements for PR13359, then why would ZIJIN purported claim of 15% mean we have the licence cut in half ?

Further to that, let me play devils advocate, what happens if Zijin has a case and they are entitled to their 15% ( even tho it sounds as dodgy as hell ) and it is deemed Cominiere were in the wrong ?

AVZ ( 36% ) , ZIJIN ( 15% ), CATH ( 24% ), Cominiere / DRC ( 25% )

Is Cominiere going to give AVZ that 15% back that they currently have , for free, considering AVZ has already paid for it , leaving DRC with their 10% ?

Bearing in mind that AVZ requires 51% control as operator of the mine as per DRC law.

Whilst i am at it, for clarity, these percentages only apply for Roche Dure , not CDL and the rest of the licence, is that correct ?

View attachment 10364

Man , this is a head fuck, i need an elon

imo

Re the licence being cut in half, here are Constantine’s thoughts on it however he doesn’t address the legality of it.

 

[Sammy_da_Smile]

Mate Glencore are now advertising on tv ch7 during peak times, wtf is with that shit !

It’s not for jobs or hiring it’s just to let people know who they are….

Some weird shit going on…..
Maybe I should roll another joint also…

GLTAH

Haha yeh I said to the misso, that's not good Glencore are doing ads. They sure stuffed up something

 

[Retrobyte]

Mate Glencore are now advertising on tv ch7 during peak times, wtf is with that shit !

Also Ch10 tonight

 

[Deleted member 2428]

All I want to do is sue the DRC government for corruption and still remain their partner, well their partner after they clean out the rats, that's the battle we are really fighting here, what liability are these useless cunce going to take?

How do we do that because it's more their fault than Zijins/Dathomirs/Kong/s.Klaus etc

It seems to me that Felix and his cohorts in DRC are as week as piss, whereas the previous government voted out and insiders have tentacles everywhere within and are still running the show until the 2023 election where FT will be voted out again. Hope not, but where is the fight from FT in support of truth and anti corruption? no where to be seen atm, unless they are planning a sucker punch on 1 July to Z and Others. Are these officials capable of reform???
AVZ/ Australia is a minnow in the scheme of things compared with belt and roads China infiltration of DRC and ever where e.g South Pacific.

Remember, China hates Australia and has cut us off where they can get supplies elsewhere.

I don’t think it is realistic to think CATL are more aligned with AVZ then Z and China government, do you?

CaTL are IMO working with China, Z and DRC to fuck us over big time. Felix is a Lone Range for anti corruption , but so far not a vocal supportor of AVZ - SILENCE .

Not a good look, what will July 1- bring….. Extension to suspension while NF tries to get ducks lined up to save face for LTSHs with some sort of China T/O of $1-1.50 with Labor government support (hoping not 50c which China are likely to offer).

Europe or USA don’t seem to be coming to the rescue 🛟 do they?

DRC business is still a shit show, they are losing millions every week while AVZ is denied ML etc, but still silence cause China has got them by the ball sack. AIMO.

Bring on all announcements on 1 July and SP $1, then $2, then $3, then $4 and sell - wishing for a miracle

 

[BEISHA]

Mate Glencore are now advertising on tv ch7 during peak times, wtf is with that shit !

It’s not for jobs or hiring it’s just to let people know who they are….

Some weird shit going on…..
Maybe I should roll another joint also…

GLTAH

Yeah, i almost choked on my t bone when i saw that add...........what a friggin juxtaposition, squeeky clean image on TV, with a corrupt background.


lol,lol,lol,lol

 

[CashKing]

Haha yeh I said to the misso, that's not good Glencore are doing ads. They sure stuffed up something

Somethings definitely up…

 

[CashKing]

Yeah, i almost choked on my t bone when i saw that add...........what a friggin juxtaposition, squeeky clean image on TV, with a corrupt background.


lol,lol,lol,lol

Yep all above board for a advertisement Clean as. Wonder what they are up to ?

Love towards the ending “you have probably never heard of us”

Fuck me it’s on again just now a new one everyone looks very clean…

Alright looks like my smart TVs onto me wtf

Wait wtf some really weird shit going on.

Was that Nigel in the ad ?

GLTAH

 

[CashKing]

Also Ch10 tonight

Well at least they aren’t cutting costs anymore … Advertising ain’t cheap especially at peak tv time.. very odd..

 

[BEISHA]

I think the Technical Approval applies to what is stated in the DFS so that is where you would find the exact details. I don’t know why you think the license is cut in half, and, if Zigin claim was valid, that would mean Cominiere would be left with nothing (not Cominiere / DRC 25%) because Cominiere’s last 10% would go to the DRC. I don’t think Zigin has any claim but if they did, we would still have 51% (after giving 24% to CATH). Aside from all that, if it came down to it, AVZ could just allow Zigin to win and therefore contribute to funding and actually begin work on infrastructure, and negotiate less % to CATH because we don’t trust them because they did not use their enormous influence to help our current position.

I was being a bit flippant with " licence cut in half "

" Ministerial decree to award the ML includes the entirety of Roche Dure jorc resource, reserve 2& 3 and CDL "

If AVZ has fullfilled all the requirements, why dont we have ALL the goodies ?

Whats the hold up ?

9 months and counting...................its disgrace !

I dont think ZIJIN has a claim either, but this is the chinese we are talking about here, where the law dont count, but money talks, especially with the DRC.

imo

 

[obe wan]

BEISHA

I specifically put that information in my post and underlined it at the end so Obe would see it and perhaps provide further information on it. I have been watching out for the License Renewal (Term of validity of PR13359 due on 27 December 2021) for the last 9 months and I have never seen it renewed.

Bin59 provided The Mining Rights and Required Licenses and Permits Document which states:

....to be eligible for a mining permit, companies are obliged to either form a joint venture with a state-owned company (such as Gécamines) - (or in our case, Cominiere) that already holds the necessary permits, or freely assign a mandatory 10 per cent stake of its share capital to the DRC.

- My view is that the Cominiere dispute (selling 15% equity to Zigin) is the cause of the suspension because it changed the process of renewing AVZ,s mining and exploration rights (The PR13359 License)

The Mining Cadastre has 20 working days to examine the request and to make a decision (Article 40). Following this, the Directorate of Mines must conduct a technical investigation.

- The Technical Approval has been given (ASX Announcement 13 April 2022)

The office in charge of the protection of the environment examines the environmental impact study and the environment management plan. These reviews must be conducted within a period of time set forth in the Mining Code for each type of request (typically, for exploitation permits, within 30 working days for the Mining Cadastre, 60 working days for the Mining Directorate and 180 working days for the environmental investigation). Should any of the aforementioned authorities fail to reach a decision within the required time frame imposed by the Mining Code, the mining permit will be considered granted. When a favourable decision is made, the Mining Cadastre will then grant the mining permit to the applicant, provided that the relevant surface rights have been paid for within 30 business days. All mining rights are conveyable under the Mining Code. A specific right of amodiation (comparable to a long lease agreement) also entitles the holder of an exploitation permit to transfer all or part of such rights under a rental scheme. Exploitation permits can also be mortgaged. Finally, while mining rights are valid only for specified mineral substances, permits can be extended to additional minerals through specific procedures.

- All requirements have been fulfilled as stated by the granting of the Technical Approval and ASX Announcement 4 May 2022

- DRC Minister of Mines has signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA (Dathcom) 1

- DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment

- The Ministerial Decree to award the Mining Licence covers the entirety of the Roche Dure JORC Mineral Resource and Reserve2&3 and the Carriere de l’Este exploration target4

- An area which was excluded under the Ministerial Decree to award the Mining Licence, will be renewed under a 5-year Exploration Licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government

- The transaction with CATH is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, whilst AVZ retains a majority stake of 51%

- DRC Council of Ministers expected to meet to provide wide ranging support for all outstanding permitting and licencing requirements for the Manono Project

Hi Moneybags,

regarding the licence renewal dates for 13359, supposedly once you submit your application for exploitation licence then you enter transition mode so to speak , so that exploration expiry remains and can run past the best before date , as you have started the application for the next phase /exploitation.

AVZ have definitely complied with research / exploration requirements; to comply you need to start exploration Within one year; you do not need to be constructing roads etc as it’s just exploration you are carrying out ; logic prevails here I.e. if there’s nothing there why be expected to be pouring money into building roads or other

Mining code 202 - ‘ The rights holder must begin exploration within one year (in the case of a research permit) or begin construction within one year (in the case of an exploitation permit) from the date the title was issued. The rights holder must also pay the surface duty per square over the counter at the Mining Registry.’

you can extend that exploration permit for one more 5 year term subject to a couple of requirements ; but if you go onto the CAMI site , you’ll see that the expiry date nearly every tenement around Manono has passed its sell by date ; that I don’t under stand; may be something to do it the Changes / pause FT put in in May 2021; AVZ did carry out mapping on the Extensions of 4029 & 4030 which is probably enough to carry them through for a second 5 year stint ; but still that exploration date should have started over again , but of the 15 odd tenements I clicked on 90% were expired. I’m sure Klaus / AJN will be picking the best ones he can find out with Chinese chopsticks.

 

[wombat74]

Hi Moneybags,

regarding the licence renewal dates for 13359, supposedly once you submit your application for exploitation licence then you enter transition mode so to speak , so that exploration expiry remains and can run past the best before date , as you have started the application for the next phase /exploitation.

AVZ have definitely complied with research / exploration requirements; to comply you need to start exploration Within one year; you do not need to be constructing roads etc as it’s just exploration you are carrying out ; logic prevails here I.e. if there’s nothing there why be expected to be pouring money into building roads or other

Mining code 202 - ‘ The rights holder must begin exploration within one year (in the case of a research permit) or begin construction within one year (in the case of an exploitation permit) from the date the title was issued. The rights holder must also pay the surface duty per square over the counter at the Mining Registry.’

you can extend that exploration permit for one more 5 year term subject to a couple of requirements ; but if you go onto the CAMI site , you’ll see that the expiry date nearly every tenement around Manono has passed its sell by date ; that I don’t under stand; may be something to do it the Changes / pause FT put in in May 2021; AVZ did carry out mapping on the Extensions of 4029 & 4030 which is probably enough to carry them through for a second 5 year stint ; but still that exploration date should have started over again , but of the 15 odd tenements I clicked on 90% were expired. I’m sure Klaus / AJN will be picking the best ones he can find out with Chinese chopsticks.

But Roche Dure is in the bag? Right ?

 

[CashKing]

I was being a bit flippant with " licence cut in half "

" Ministerial decree to award the ML includes the entirety of Roche Dure jorc resource, reserve 2& 3 and CDL "

If AVZ has fullfilled all the requirements, why dont we have ALL the goodies ?

Whats the hold up ?

9 months and counting...................its disgrace !

I dont think ZIJIN has a claim either, but this is the chinese we are talking about here, where the law dont count, but money talks, especially with the DRC.

imo

Or Glencore has bought out everyone…..

It's all a moving target . Even the most hardened AVZ supporters haven't got a fucking clue . They thought they knew it all but it turns out they know shit .

Ahh If only management would inform us retail holders of what’s going on instead of trying to finalise the deal & sell the lot hey….

Gltah

 

[wombat74]

Or Glencore has bought out everyone…..

Ahh If only management would inform us retail holders of what’s going on instead of trying to finalise the deal & sell the lot hey….

Gltah

$1.50 walk away no more to pay . It's going happen anyway . May as well get it over and done with .