Remember these are just my ramblings based on a bag of information crumbs which I reckon everyone has been fed at various times over the last 8 months , be it on the bird , mutterings from roadshows or announcements…. I’m sure there’s many jigsaws out there .
Your question -‘ so we haven’t got the mining decree for the tenement’
As per AVZ announcement - ‘The ministerial decree excludes a Portion of land to the North which will blah blah blah which will be required ( hasn’t been yet ) to be renewed under a 5 year exploration permit ‘
It’s a decree is for award of a mining licence , so it covers the mining licence to to South ; but as the north was referenced as requiring a permit to be renewed as an ‘exploration’ ; the ministerial decree for a mining licence effectively wouldn’t cover that.
So South is covered by the decree ; north isn’t.
Based on my view , since DG ( the issuer of the assessed application ) slipped something in there ( stated FT made decision to split ) , which was untrue and diverted the course of the mining licence application from the typical Mining code rails ; then if AVZ found this then , now or down the line , then AVZ would be well within their right to pull the hand break and have that overturned ; which is what’s being done imo.
For me it just offers a bit more logic than DG just not feeling like pressing the calculator buttons today or for over the last 8 months.
If AVZ have sorted this out and it’s been realigned with the mining code ; then the decree should be getting reissued covering both North and South is what I reckon .
There was a lot of commentary about that DG of CAMI Twitter account and If it was real or not ; that accounts been opened about 10 years ; very little activity on it over that time ; apart from a few tweets where he seemed to go off the handle at some AVZ holders where he stated some randoms as to why AVZ shouldn’t get the North e.g didn’t explore up there , too much on their plate with the south , only speculative exploration company ….. sounds like the sort of views one would have on reviews on initial applicant … so I’m more in the ‘it’s a real account , as opposed to fake ‘
Remember DG approves / reviews these applications , I reckon he said they were going to renew under the 5 year extension ; but he did his back if a ciggy packet review and already had AJN sitting in the lobby with their 5 pages half licked application.
AVZ would have applied for the entire tenenent to be covered by mining licence ; mining decree jssued only with half due to FT splitting it ( not the case ) ; If the legals have done there job and the FT bullshite has been taken out of the equation ; then the next ann ( excluding any extensions) should be a decree covering 13359 in its entirety .
Whether the line in the same paragraph, as provided in earlier post will have any weight that may lead to some adjustments ; who knows …
‘Discussions of ongoing terms of the JV agreement to be finalised’
As I’ve said these are just my ramblings ; I’m sure others will have their own versions which they have pieced together
I think it depends also though Carlos ; I would assume that ,as per mining code management with the aid off momentum put forward the application for the entire tenement to fall under the mining licence …. But likely DG with his little box of tricks only issued half along with his excuse as to why it was split.
AVZ after all that time waiting and 1000s of SHs calls to the AVZ phone line by AVZ shareholders ; that they likely prematurely ejaculated only for Momentum to come in any say ; hold the horses , this ain’t right , this is not the way it works and likely the reason why we got pushed into suspension so quick after the decree release
I think AVZ management are happy either way as long as we get the whole tenement in one form or another. That is still a failure to understand the mining code imo but moving the project forward is more important to them at this stage.
We have taken CAMI to court to finalise the licence as it stands in the ministerial decree. Nigel said at the AGM 'Other steps in way of ML – CAMI have held up the invoicing, illegally in our view.' Which shows that they are willing to accept just the south as a PE if the north is retained by Dathcom as a PR.
Yes obviously what Mupande is saying in the court about calculating the surface rights is bullshit. But he can get away with saying whatever the fuck he wants because CAMI have autonomy and management allowed this 'dispute' to become a leveraging tool he can attempt to use. If AVZ ceded the north I'm sure his calculator would be working just fine.
AVZ management must ensure that we don't lose an inch of our tenement. It should be the whole area as a PE. Fuck going through applying for a new mining licence for the northern area. But if there must be a partition then we have to keep the north as a PR. If AJN somehow attained the north then Nigel would have to resign from AVZ because of the shares he holds in AJN. That is the entire reason for the suspension imo
Here is my post about a possible new ministerial decree or an amendment to the existing one from a few weeks ago:
From the AGM:
What happened after ML Decree, spurious yet we’re in suspension. What’s the main issue for ML – is it Dathomir, is Zijin ICC arbitration 15, dispute with exploration rights?
A: Lot of players in vogue here in country, lot of hatchet jobs being done – President had a bad view from being ill advised by detractors (e.g. we hadn’t done anything, didn’t have money experience, and were speculators). Detractors continuing, but slowly slowly we’re working to remove the blocks.
We knew Chinese would have a crack, but we did not expect parts of DRC government to be in on it?
A: Nor did we - “we thought it was gambit by Chinese groups to get project cheapest way. We weren’t aware it was also elements of the government complicit. We can’t go into it, but rest assured those people are being turned over within meetings with real information is being shared, and people put on the spot.
Collusion between all those 3 – namely Zijin, Jin Cheng, CAMI?
A: That would be astute thought
Issue that a portion of mines directorate said we hadn’t done the work on the northern tenement area, and shouldn’t get the north?
A: That’s not within the mining code. So 13359 should be retained in its entirety – however the northern area may need to come under a separate exploration tenement, even though that’s not the established process. – We know who’s behind this (e.g. DG CAMI)
What about AJN having a crack
A: “their premise is that we’ve returned the northern tenement to government. We haven’t. Draw a conclusion out of that”. I was a founding director and bought in as gold explorer. Found out late in the piece for a lithium plan – stepped away as soon as learned that. Shares bought before that lithium plan came into play. No conflict of interest.
Interview NF mentioned once mentioned once decree issued 10 day period before Court could issue the licence. What happened?
A: This was a misunderstanding. As soon as your documentation was in order and issued, this talk of periods was regarding the ministerial decree. Other steps in way of ML – CAMI have held up the invoicing, illegally in our view.