AVZ Discussion 2022

[CHB]

Looks like DRC acted without discussions with AVZ. Got to say it's disturbing.

Based on the announcement.

1) legal advice sought
2) needing to ascertain intent of DRC gov

Anyone who says it needs to happen may be correct but if it needs to happen you'd think there was discussion and communication with AVZ.

Track record of DRC isn't good.

 

[Lichione]

The question now is, friends, will AVZ uplift the suspension and let the SP free fall. This is really a crap

 

[MoneyBags1348]

WELCOME TO THE
DEMOCRATIC REPUBLIC OF CORRUPTION​

Over the last 6 years in the DRC, AVZ have carried out Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community…. And still the Democratic Republic of Corruption and Director General of the DRC Mining Cadastre (CAMI) won’t grant AVZ a Mining License

 

[rocknrolla]

A post from sf120 (who I regard as an astute investor) on the crapper. Makes sense. Could not be doom and gloom

sf120​

1,949 Posts.
1,578
Date:06/02/23Time:10:32:48Post #:66088878
New

Why wait a week and seek legal if not doom and gloom.

 

[TheCount]

I guess we also have the DRC's determination as to the reason for not issuing the ML. What they don't say is it's 100% their own fault...

TC.

 

[MoneyBags1348]

WELCOME TO THE
DEMOCRATIC REPUBLIC OF CORRUPTION


DON"T FORGET TO BOOK YOUR SEAT WITH THE VUKA GROUP​

 

[wombat74]

Well that's not good news.... Time to go into fight mode

"I see this in very simple terms . A decision on the ML will be made in the coming days / weeks by Felix's actions . At that point if the right changes haven't been made then the ML is lost . It is not ambiguous . We don't need to wait for a Yes ML or No ML . This is the moment SH tell Nigel to pull the rip cord and get us the f--k out of there . We are getting close to the moment where this either starts or finishes . IMO"
Wombat74 4/01/22.

 

[DiscoDanNZ]

 

[Samus]

Im not so sure mate,

The original decree needed to be undone (it split the tenement)
The second decree also needed to be undone (it gave the go ahead for the southern part)
What we now need is a 3rd decree awarding the entirety of 13359..

The first part of the announcement alludes to exactly this, but the second part is ambiguous at best...

GLTAH

Powerage.

I think there is fairly clear warning of what is likely to come in the last section of the announcement it isn't in any way alluding to what you've stated above:

AVZ notes the that the abovementioned Ministerial Decree acknowledges the:

• requirement for a harmonious and healthy cooperation between the
shareholders of Dathcom as a precondition to progress the development of
the Manono Project; and

• ongoing disagreements, conflicts and differences between the shareholders
that have stalled the development of the Manono Project and the resulting
deadlock prevents the State from benefiting from the development of PE
13359.

The Company is seeking independent legal advice regarding both Ministerial
Decrees dated 28 January 2023, whilst expediting discussions to clarify the
intentions of the competent DRC authorities.

Reads to me like they're primed to take back the tenement. I wonder if we've got the full story considering that ACAJ stated:
'It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession.'

Time will tell but it's difficult to put any positive spin on this with the information we have available so far.

 

[MoneyBags1348]

​

Over the last 6 years in the DRC, AVZ have conducted Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community….

And still the Democratic Republic of Corruption and Director General of the DRC Mining Cadastre (CAMI) won’t grant AVZ a Mining License.... Remember this when investing in mining in Africa

 

[TDITD]

Looks like DRC acted without discussions with AVZ. Got to say it's disturbing.

Based on the announcement.

1) legal advice sought
2) needing to ascertain intent of DRC gov

Anyone who says it needs to happen may be correct but if it needs to happen you'd think there was discussion and communication with AVZ.

Track record of DRC isn't good.

My concerns exactly,

It did need to be done from an AVZ point of view as its all one tenement and was against the mining code, BUT, an its a big but, fuck me wouldn't you be in communication with AVZ over what you plan to do?

From the announcement we are seeking legal advice and clarifying the intent of the DRC. - We dont have a clue whats happening, comforting

This could be a case of shit communication from the DRC Government and they intend to issue the correct decree
OR
This could be a case of Chinese filling pockets and the DRC Government have been paid off sufficiently to now pressure us into accepting Zijin as a shareholder of Dathcom or even selling our majority holding.

 

[Bray]

Sell it to China and get us the fuck out

 

[Goat]

Time to let the shares trade again Nigel.
AVZ obviously is not privy to the conversations at the highest levels of Government as Nigel proclaims.
Sure the decree has been cancelled but it should have been re-issued correctly.
It would be flaming nice if AVZ actually wrote a company announcement in plain English to!

 

[Doc]

I think there is fairly clear warning of what is likely to come in the last section of the announcement it isn't in any way alluding to what you've stated above:

AVZ notes the that the abovementioned Ministerial Decree acknowledges the:

• requirement for a harmonious and healthy cooperation between the
shareholders of Dathcom as a precondition to progress the development of
the Manono Project; and

• ongoing disagreements, conflicts and differences between the shareholders
that have stalled the development of the Manono Project and the resulting
deadlock prevents the State from benefiting from the development of PE
13359.

The Company is seeking independent legal advice regarding both Ministerial
Decrees dated 28 January 2023, whilst expediting discussions to clarify the
intentions of the competent DRC authorities.

Reads to me like they're primed to take back the tenement. I wonder if we've got the full story considering that ACAJ stated:
'It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession.'

Time will tell but it's difficult to put any positive spin on this with the information we have available so far.

Damn auto correct. I fixed it for them

The Company is seeking independent legal advice regarding both Ministerial
Decrees dated 28 January 2023, whilst expediting discussions to clarify the
intentions of the CORRUPT DRC authorities.

 

[TDITD]

Why wait a week and seek legal if not doom and gloom.

Yes no doubt in that week they had lawyers running around trying to find out what was happening.

 

[CHB]

Is this where they give it to the US as I joked in the past?


....I kid.. or do I..

 

[MoneyBags1348]

DON"T FORGET TO BOOK YOUR SEAT AT THE VUKA GROUP'S
DRC MINING CORRUPTION WEEK IN JUNE 2023
​

​

ANTOINETTE N’SAMBA KALAMBAYI DISCUSSED WITH THE VUKA GROUP DELEGATION ABOUT DRC MINING WEEK 2023​

A Vuka Group delegation led by its Event Manager, Patricia Kazaka was received in audience this Tuesday, November 22, 2022 by the National Minister in charge of mines, Antoinette N’Samba Kalambayi in her office in Kinshasa Gombe.

 

[RHyNO]

How is it legal for these dogs not to allow this stock to trade. Fuck them fuck their lies, takes a whole board and they still need “legal advice”. What a joke. What a complete fuck up of both these cunts and the ASX to allow these fraudulent misguided gamblers to keep our money locked up in their completely unfounded plans to dig a hole. This will never be mined by us. This is best intentions. Should have sold at $1 will be lucky to get 30c when this goes live which it absolutely must. Fuck Nigel and fuck the BOD they are talentless fucktards twiddling thumbs. Should have signed ZINJIN in and moved on. Like the fucking ICC is going to do anything. Even if they do these corrupt morons will just ignore it.

 

[TDITD]

Time to let the shares trade again Nigel.
AVZ obviously is not privy to the conversations at the highest levels of Government as Nigel proclaims.
Sure the decree has been cancelled but it should have been re-issued correctly.
It would be flaming nice if AVZ actually wrote a company announcement in plain English to!

"AVZ obviously is not privy to the conversations at the highest levels of Government"

You have sadly hit the nail on the head there. - We very clearly don't have the communication with Government we should !

While Klaus the kunt is in the DRC greasing as many palms as he can, we have Nigel and co in Perth or even funnier doing an absolutely pointless 'presentation' on AVZ and they myth of mining in the DRC while holidaying in Cape Town.....will he meet with Felix and Antoinette?

I would love for this to be just a communication error with the government shuffle (apparently) on its way, and we are close to receiving the proper full tenement ML. Nothing is really pointing towards that, otherwise we surely wouldn't have released this a week late and with the last portion of that announcement basically saying we know nothing we are getting our lawyers onto it (lets be honest here BOD, they have been on it for a week with no answer already).

Wish I never left the padded room now

 

[Misfits]

DON"T FORGET TO BOOK YOUR SEAT AT THE VUKA GROUP'S
DRC MINING CORRUPTION WEEK IN JUNE 2023
​

​

ANTOINETTE N’SAMBA KALAMBAYI DISCUSSED WITH THE VUKA GROUP DELEGATION ABOUT DRC MINING WEEK 2023​

A Vuka Group delegation led by its Event Manager, Patricia Kazaka was received in audience this Tuesday, November 22, 2022 by the National Minister in charge of mines, Antoinette N’Samba Kalambayi in her office in Kinshasa Gombe.

View attachment 28736​

Hello MB, how was your week off from here, ok?