AVZ Discussion 2022

Ashlee

Regular
Trouble is the fuckers are looking for a five finger discount aided by scumbag politicians and officials.
DRC letting a prime opportunity slip between their fingers because a few scum don't feel like they've had enough snacks yet. We're pushing 2 years of being ready to go with the DRC slowing everything down and now simply blocking any and all progress.
Half the time I'm wondering if we might be lucky if we walk away with 50c after 'preserving shareholder value' for months and quite possibly years.
Complete farce the whole thing. $10 looks a million miles away.
12 months ago you'd never have imagined this shitshow based on what management have been touting for years such as our wonderful relationship with the DRC government which turns out to be complete bullshit once again.
I'm just really wondering how many retail holders will be comfortable with this investment once this saga is all said and done (if it ever is and to AVZ's advantage.)
Personally I can only imagine holding until the share price comes back at this point which might take a good long while. A lot needs to change to have any sense of security. You'd not put anything past the dodgy picks in DRC at this point.
It's basically fuck Africa and fuck AVZ management from me.
I'll not be holding through a mine build and all the countless infrastructure that has to be put in place over years. Sell the fucking thing to the highest bidder or pump the shit out of it so we can sell for a decent price.
Everyone to their own they say.
 
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Ashlee

Regular
 
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Dazmac66

Regular

Every AVZ shareholder needs to read this entire document! It is a direct plea for Felix to act on specific and unambiguous allegations. It also refers to the government reshuffle in coming days. This will really display Felix's resolve to sort this mess out.
 
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Mickyb64

Regular
Every AVZ shareholder needs to read this entire document! It is a direct plea for Felix to act on specific and unambiguous allegations. It also refers to the government reshuffle in coming days. This will really display Felix's resolve to sort this mess out.
I think we can safely say that if Felix doesn't act on this document then he's never going to do anything.
 
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Trouble is the fuckers are looking for a five finger discount aided by scumbag politicians and officials.
DRC letting a prime opportunity slip between their fingers because a few scum don't feel like they've had enough snacks yet. We're pushing 2 years of being ready to go with the DRC slowing everything down and now simply blocking any and all progress.
Half the time I'm wondering if we might be lucky if we walk away with 50c after 'preserving shareholder value' for months and quite possibly years.
Complete farce the whole thing. $10 looks a million miles away.
12 months ago you'd never have imagined this shitshow based on what management have been touting for years such as our wonderful relationship with the DRC government which turns out to be complete bullshit once again.
I'm just really wondering how many retail holders will be comfortable with this investment once this saga is all said and done (if it ever is and to AVZ's advantage.)
Personally I can only imagine holding until the share price comes back at this point which might take a good long while. A lot needs to change to have any sense of security. You'd not put anything past the dodgy picks in DRC at this point.
It's basically fuck Africa and fuck AVZ management from me.
I'll not be holding through a mine build and all the countless infrastructure that has to be put in place over years. Sell the fucking thing to the highest bidder or pump the shit out of it so we can sell for a decent price.

I gave you a fire Sam, because we are friends (thanks to @Frank) and I understand your frustration.

The positives I see are that:

The recent class action scam that was probably started by the likes of goatman, jerkoff (eckof) or foreskin (Zigin) or all three stooges together, and has been exposed for the scam it is

The MMC hearing at the ICC exposed they’re and Cominiere’s fraudulent accounts

The IGF has made clear that the sale of Cominiere’s shares to Zigin was fraudulent and illegal, and our attorney (Christian Lukusa) is responsible for backing this report with the ton of evidence leading up to the ICC case

Same applies to Simon Cock (Cong) and Dathomir’s claims

My thoughts on all this is to keep the spotlight on those who are corrupt (The two main directors of Cominiere have already been charged), and keep the ICC in the headlines so if there’s any funny business going on, it will be shown up on the world stage.

The IGF has exposed Adele Kayinda and keeping the spotlight on the prime minister (Jean-Michel Sama Lukonde Kyenge) and those associated with him (Guy Loanda and Adele Kayinda) is the best approach in my view.

Those last three ministers mentioned need the people of the area’s surrounding Manono to vote for them, and they’re corrupt schemes are being exposed every day. Whether they continue to try and lie to the population or realise they have now been exposed to the world and try and work with Felix is what I’m looking for.

Felix has been up against these three corrupt ministers (and more including some of his advisers) for all of his term in office and has been slowly working towards a resolution.

I’m not defending anyone here, it’s just that Lukonde has had the power of the majority in the government, and through platforms such as this, he and others are gradually being exposed.

Remember, those conspirators who previously held power…. Kabila, Cong etc are all billionaires so exposing them and getting justice hasn’t been easy

Sorry for the long post, but after a clean up in Felix’s government we will see one way or another whether Mupande gets what he deserves and we get our lisence.

When those issues are sorted, I doubt the shitfuckery by Zigin will be able to touch us.
 
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wombat74

Top 20
I think we can safely say that if Felix doesn't act on this document then he's never going to do anything.
If Felix doesn't act then he is as corrupt as the rest of them . Nigel and crew better be ready for it . Plan B
 
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Bray

Regular
If Félix doesn’t act on it now it’s all out.. what’s best case for plan B - sell it cheap as to zinjin/any Chinese player willing and move on quick as possible..?
 

Roon

Regular
Careful, people get antsy when you talk about any hypothetical Plan B's
 
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John25

Regular
This is more like the Bo Derek that we’ll get
1674796469416.jpeg
 
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TDITD

Top 20
For those that didn't pick up the subtlety and underlying intellectual purpose in my recent post regarding the TO price that I consider appropriate you may like to read up on "anchoring" in negotiations

https://www.pon.harvard.edu/tag/anchoring-effect/

View attachment 28030

I was indeed hoping that any of those nefarious and utterly despicable rat fucking potential buyers were actually perusing (trolling) our lovely TSE site and I managed to implant that number RIGHT IN THEIR FUCKING HEADS

You see I'm not a completely uneducated buffoon sucking down goon bags of cheap Moselle at 10 in the morning

I am much more sophisticated than that :ROFLMAO::ROFLMAO::ROFLMAO:

You see how I snuck it in there again?......so clever ;)
Ten cheers for you Winenut.

10 DOLLARS THAT IS $10 USD

Zijin 12 DOLLARS THATS IS $12 USD




p.s I'd love to implant something right into their fucking heads too, but is it worth the time in prison?
 
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TDITD

Top 20
Trouble is the fuckers are looking for a five finger discount aided by scumbag politicians and officials.
DRC letting a prime opportunity slip between their fingers because a few scum don't feel like they've had enough snacks yet. We're pushing 2 years of being ready to go with the DRC slowing everything down and now simply blocking any and all progress.
Half the time I'm wondering if we might be lucky if we walk away with 50c after 'preserving shareholder value' for months and quite possibly years.
Complete farce the whole thing. $10 looks a million miles away.
12 months ago you'd never have imagined this shitshow based on what management have been touting for years such as our wonderful relationship with the DRC government which turns out to be complete bullshit once again.
I'm just really wondering how many retail holders will be comfortable with this investment once this saga is all said and done (if it ever is and to AVZ's advantage.)
Personally I can only imagine holding until the share price comes back at this point which might take a good long while. A lot needs to change to have any sense of security. You'd not put anything past the dodgy picks in DRC at this point.
It's basically fuck Africa and fuck AVZ management from me.
I'll not be holding through a mine build and all the countless infrastructure that has to be put in place over years. Sell the fucking thing to the highest bidder or pump the shit out of it so we can sell for a decent price.
What he meant to say here was

$10 USD

TEN DOLLARS
 
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It seems Joseph Kabila and his wife are spreading bad rumours about Felix Tshisekedi in the lead up to this year’s elections. Just to remind people here and in the DRC what corruption was like under Joseph Kabila…. Here’s a reminder


Business
The Big Take

China Cash Flowed Through Congo Bank to Former President’s Cronies​

A leak of 3.5 million documents shows how a Chinese-run company moved millions of dollars to former Congo President Joseph Kabila’s family and allies.

By Michael J Kavanagh and William Clowes
29 November 2021, 9:01 am AEDT

The Chinese businessman had walked out of a bank in Kinshasa with 13,624 hundred-dollar bills, 10,001 fifties and 43,000 smaller U.S. notes, despite explicit instructions to prevent it from happening.
“The account has finally been emptied,” Yvon Douhore, head of an in-house audit team in the capital of the Democratic Republic of Congo, wrote in an email that day, July 5, 2018, after noticing the withdrawal. “I’m at a loss for words,” a colleague replied the next day.

lores

The slip showing the final withdrawal from CCC’s accounts in 66,625 U.S. bills worth more than $2.5 million.

Source: PPLAAF, Mediapart
The previous month, Groupe BGFIBank’s compliance department in Congo had frozen accounts held by the businessman’s firm, Congo Construction Co., or CCC, because the client file was missing key documents, according to bank records. A history of transactions reviewed by Bloomberg News as part of the biggest leak of financial information from Africa showed an even bigger issue: its political connections.

Over a five-year period, tens of millions of dollars flowed through CCC’s accounts to people and companies closely associated with Congo’s then-president, Joseph Kabila, all at a bank partly owned by his sister and run by his brother, Selemani Francis Mtwale. But a series of scandals had forced the lender’s parent company in Gabon to reconsider its embrace of the presidential family. It removed Selemani as chief executive officer in May 2018 and then reclaimed a 40% stake held by Kabila’s sister, which it said she’d never paid for.

Douhore’s colleagues blocked the accounts while he conducted an autopsy of Selemani’s tenure. Yet someone at the bank was still authorizing transactions, right through to the final $2.5 million cash withdrawal in July 2018. The documents hint at why: Douhore was witnessing the closing act of CCC’s secret role as an intermediary between Chinese mining groups and the Kabila clan.

For more than six months, Bloomberg has analyzed a trove of 3.5 million bank documents from BGFI that offer an unprecedented glimpse into how several individuals and companies operated in what would turn out to be a takeover of much of the Congolese mining industry by Chinese companies during Kabila’s presidency. The information was obtained by Paris-based anti-corruption group Platform to Protect Whistleblowers in Africa and the French news organization Mediapart and shared with media outlets coordinated by the European Investigative Collaborations network and five non-governmental organizations.

The consortium’s investigations, dubbed “Congo Hold-up,” demonstrate the extent to which the country’s most powerful family used the bank to serve its private interests and how at least $138 million in state funds transited BGFI to Kabila’s relatives and associates. The new information also casts a light on some of the previously unseen ways in which Chinese companies came to dominate the mineral riches of one of the poorest nations in the world.

The Sentry, a Washington-based anti-corruption group, used the banking data to write a report about the Kabila family’s financial ties to Chinese mining companies. Bloomberg was given access to the organization’s documents and findings before the report’s release. Over the course of several months, Bloomberg independently obtained additional documents and spoke with dozens of people on five continents to confirm and complement the information.

In a statement posted on its website on Nov. 23, after the first consortium stories appeared, BGFI said that while it decried the leak and questioned the authenticity of the documents, it “strongly condemns acts contrary to law and ethics that may have been committed in the past within its BGFIBank RDC SA subsidiary and of which its employees could possibly have been perpetrators or complicit.” The bank added that it had restructured its ownership of the Congo unit in 2018, conducted an internal audit to identify methods that may have been used to circumvent controls, put in new management and filed a complaint with the prosecutor’s office to determine who was responsible for the alleged acts and sanction them.

This isn’t the first time BGFI has been at the center of corruption allegations in Congo. Five years ago, a former compliance officer shared thousands of bank documents with media outlets including Bloomberg that showed how Selemani had directed millions of dollars in public funds to the bank and a company owned by some of Kabila’s closest allies. The new leak of documents shows that was only part of the story.

After replacing his assassinated father in 2001 and negotiating an end to a brutal civil war, Kabila opened the country’s vast reserves of copper and cobalt to international investors. Western firms, initially enthusiastic about Kabila’s Congo, have since beat a steady retreat. BHP Group, Anglo American Plc’s De Beers and Freeport-McMoRan Inc. have all sold mines or abandoned projects. Those that stayed often formed high-risk partnerships that are now the subject of corruption probes, including one by the U.S. Department of Justice into Glencore Plc and two others by the U.K.’s Serious Fraud Office into Glencore and Eurasian Natural Resources Corp. Glencore says it’s cooperating with the authorities. ENRC denies wrongdoing.

That’s increasingly left the field to companies from China eager to expand their control over the supply of two metals that are mined together in Congo and are at the heart of the nascent revolution in electric vehicles. In less than a decade, Chinese companies have gone from minor contributors to accounting for half of Congo’s cobalt output and about 70% of its copper production, according to Congo’s main business lobby.

The centerpiece of this transformation is a $6.2 billion minerals-for-infrastructure deal, the biggest investment in Congo’s history, spearheaded by China Railway Group Ltd. and Power Construction Corp. of China, known as Powerchina.

In 2008, the two countries agreed that the Chinese companies would finance $3 billion worth of infrastructure and build a $3.2 billion copper and cobalt project known as Sicomines, whose tax-free profits would repay both investments. Supporters hailed it as a proud symbol of China’s new “win-win” model of development financing, an alternative to the strict conditions attached to lending from the Western-dominated World Bank and International Monetary Fund.

Congo’s government also handed a no-bid contract to a subsidiary of China Railway to rebuild and maintain the road from the mining hub of Lubumbashi to the border with Zambia, with tolls charged to fund the work. The highway is the primary path to export for Congolese copper and cobalt, making it one of the most lucrative routes in Africa. Each year, tens of thousands of trucks laden with metal pay the concession fee, currently $300, to make the round trip. The toll road generated a total of $302 million between 2010 and 2020, according to an unpublished government audit seen by Bloomberg.

Kabila set up a government agency — the Bureau de Coordination et de Suivi du Programme Sino-Congolais — to oversee the Chinese relationship and appointed an ally, Moise Ekanga, to run it. Ekanga, it turns out, was also the chief operating officer of a private firm owned by the Kabila family, corporate documents and contracts reviewed by Bloomberg show. The company, Strategic Projects and Investments, or SPI, profited handsomely from China’s growing presence.

SPI held a 40% stake in the toll road business until 2015, and then took it over completely. The audit, by an anti-graft agency under the current government, claims that since China Railway’s exit six years ago, the toll company has misappropriated nearly $121 million. Bloomberg wasn’t able to independently verify the allegation.

Cong Maohuai, a Chinese businessman who owns the Kinshasa hotel in which CCC had an office, told the consortium that he acquired control of the toll company in November 2016. However, information available at Congo’s corporate registry still lists SPI as the sole shareholder. Cong declined to provide documentation proving the change of ownership, citing confidentiality requirements. He disputed the audit’s findings, saying, “I reaffirm that there was never any misappropriation” in the concession contract. Neither China Railway nor Kabila’s younger brother Zoe, SPI’s founding shareholder, responded to multiple requests for comment.

It’s not clear how much, if anything, SPI paid China Railway to take over the toll road firm in 2015. Minutes of a board meeting approving the share transfer don’t mention any compensation. But there are traces of what the company did with at least some of the money it made: It sent it to CCC.

From June 2013 to January 2016, BGFI records show, the toll venture made 41 transfers, worth $7.8 million, to CCC, almost all of which was taken out in cash.

CCC’s owner was an aspiring academic born in 1979 in Liaoning, China, named Du Wei. He began working in Africa in the early 2000s and in August 2016 wrote an article for Wuhan University’s Institute for International Studies bemoaning Chinese companies’ tendency to use “unscrupulous means” to win major projects, according to an article Du wrote that the Sentry cited in its report.

Du, who went by “David” in Congo, worked for Sicomines for three years until 2012, when he became a consultant for Kabila’s China agency, according to his LinkedIn profile. That’s also the year he incorporated CCC with Guy Loando, then a 29-year-old Congolese lawyer, and opened a company account at BGFI.



Du Wei lores


Du Wei’s passport.
Source: PPLAAF, Mediapart
Between February and July 2013, CCC, which had no known construction projects, received $18 million from bank accounts in China and Hong Kong held by four offshore companies registered in the British Virgin Islands. The BGFI records list the justifications as “construction fee payment,” “other transfers” and “other.” The toll road business also wired $1 million to CCC that June. Du sent most of the $19 million on to Kabila’s China agency through a series of identical cash withdrawals and deposits, rather than direct transfers, the records show.

Ekanga, the agency’s head, then promptly paid off a $14 million loan his office had taken from BGFI for the benefit of companies that were or would be linked to Kabila. The agency had wired half of the borrowed funds to another BGFI account that advanced the same amount to a cattle business Kabila would shortly purchase. It also transferred $6 million to a building firm owned by two associates of the then-president, bank records show.

Neither Ekanga nor the agency’s spokesman responded to multiple emails, texts and phone calls from the consortium requesting comment. China Railway and Sicomines’ other Chinese shareholders didn’t respond to questions asking if they ultimately provided the funds to CCC or owned the BVI firms, which were created by the same Hong Kong-based corporate services provider that China Railway used to set up a subsidiary to hold shares in Congolese mines.

Sicomines later made three large payments to CCC, from June to September 2016, for a total of $25 million. Du distributed most of the money to companies and individuals linked to the president’s family, bank records show. This included $7.5 million for a firm whose shareholders were Kabila’s sister and Selemani’s wife, $1.6 million that went to the owner of a vessel that transported animals including zebras, giraffes and wildebeests to Kabila’s private nature reserve in 2017 and $1 million sent to a director of the shipping company. A lawyer representing the ship’s then-owner declined to respond to a request for comment.

CCC also forwarded more than $1.7 million to Du’s personal accounts in Congo and Hong Kong, BGFI documents show.
 
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Doc

Master of Quan
For those that didn't pick up the subtlety and underlying intellectual purpose in my recent post regarding the TO price that I consider appropriate you may like to read up on "anchoring" in negotiations

https://www.pon.harvard.edu/tag/anchoring-effect/

View attachment 28030

I was indeed hoping that any of those nefarious and utterly despicable rat fucking potential buyers were actually perusing (trolling) our lovely TSE site and I managed to implant that number RIGHT IN THEIR FUCKING HEADS

You see I'm not a completely uneducated buffoon sucking down goon bags of cheap Moselle at 10 in the morning

I am much more sophisticated than that :ROFLMAO::ROFLMAO::ROFLMAO:

You see how I snuck it in there again?......so clever ;)
Reminds me of this:



Will Smith movie with Margot. Gambling sceneS
 
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CHB

Regular
If Félix doesn’t act on it now it’s all out.. what’s best case for plan B - sell it cheap as to zinjin/any Chinese player willing and move on quick as possible..?
Hold the tenements for as long as we can, do nothing with it and don't let DRC do anything with it.

Instead of win win, everyone gets lose/lose
Fuck You Season 6 GIF by Power
 
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For those that didn't pick up the subtlety and underlying intellectual purpose in my recent post regarding the TO price that I consider appropriate you may like to read up on "anchoring" in negotiations

https://www.pon.harvard.edu/tag/anchoring-effect/

View attachment 28030

I was indeed hoping that any of those nefarious and utterly despicable rat fucking potential buyers were actually perusing (trolling) our lovely TSE site and I managed to implant that number RIGHT IN THEIR FUCKING HEADS

You see I'm not a completely uneducated buffoon sucking down goon bags of cheap Moselle at 10 in the morning

I am much more sophisticated than that :ROFLMAO::ROFLMAO::ROFLMAO:

You see how I snuck it in there again?......so clever ;)
So we’ve set ourselves a Bo Derek anchor point of $10 ( or fuck off!). This is good. However, I’d just like to put it out there again that post the ML and the BFS I expect @ConDino007 will put out some eye watering NPV and SP projections that will have us all wondering how we ever set out standards so low.

the matrix GIF

What if I told you you could have more than just Bo Derek?
 
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Doc

Master of Quan
So we’ve set ourselves a Bo Derek anchor point of $10 ( or fuck off!). This is good. However, I’d just like to put it out there again that post the ML and the BFS I expect @ConDino007 will put out some eye watering NPV and SP projections that will have us all wondering how we ever set out standards so low.

the matrix GIF

What if I told you you could have more than just Bo Derek?
You mean the holy trinitys an option?
I’m all in

3E2506F6-5134-49E9-8056-D7F4CA9DF773.jpeg
3E2506F6-5134-49E9-8056-D7F4CA9DF773.jpeg
 
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Onthefm

Regular
If Felix doesn't act then he is as corrupt as the rest of them . Nigel and crew better be ready for it . Plan B
Imo there is no plan.
 
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wombat74

Top 20
I know this previous post is a lot to read, but it says a lot about Kabila’s corruption and collusion with Chinese and other corrupt entities…. And once again, Guy Loanda gets a mention.

Just want to add, that there are some here who just fucken whinge and others who actually try and help our situation….

Starting to think you’re just a fucken whinger Wombles…. We’re all in the same fucken boat but looks a little like we’re carrying a lot of dead fucken weight

I’ve accepted my responsibility of investing in this company, I’ve sold off other companies so I could put more cash in here and I’m invested heavily enough to get invites to roadshow’s. I took my averages up along the way, but you don’t hear me crying every week over spilt milk like some overly breast fed fucken babies here. Accept your fucken decisions and have a fucken go.

Not including you Sam, you put more information here week in and week out till it got the better of you, but some others just fucken whinge and wouldn’t know how to have a fucken go

And @BEISHA if you want to have a go at me over this, don’t bother, all you and everyone else here has to do to shut me up is complain to @zeeb0t and have me suspended…. And as everyone here knows I don’t give a fucken fuck
That's cool mate . Just put me on ignore . I don't take the forum world that seriously. Personally I find all contributors /posters interesting and entertaining including the one's that give me sh1t . Water of a ducks back . Even those moments when you yourself appeared to go into mental break downs swearing look a trouper and threatening to crack skulls . They were some of the best moments here I reckon . I'll bitch all I want because I reckon I know where this is f--king heading and I hate being lied to . Management read these threads . And I don't need advice . I'm retired many years now and living very comfortably . Cheers
 
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That's cool mate . Just put me on ignore . I don't take the forum world that seriously. Personally I find all contributors /posters interesting and entertaining including the one's that give me sh1t . Water of a ducks back . Even those moments when you yourself appeared to go into mental break downs swearing look a trouper and threatening to crack skulls . They were some of the best moments here I reckon . I'll bitch all I want because I reckon I know where this is f--king heading and I hate being lied to . Management read these threads .

No worries Wombat, I don’t think it’s worth posting here anymore, there are more people complaining than actually contributing information to expose the bad guys

It’s a shame because I thought the forum was a good place to expose all those conspiring against us

I’ll leave it in your’s and others’ hands
 
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wombat74

Top 20
No worries Wombat, I don’t think it’s worth posting here anymore, there are more people complaining than actually trying to expose the bad guys…. I’ll leave it in Nigel’s hands
Ok Moneybags . I'll miss you . You were/are a great character . All the very Best to you . Cheers
 
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