AVZ Discussion 2022

[obe wan]

I believe that this will be the next step. Because of the on going disagreements, conflicts and differences between the shareholders they will find a way to fuck us. They dont tell us whats coming, in my opinion this tell me they give a fuck about us. They find easy a new partner with a better deal than 10%. In 10+ years no one will remember avz and the struggle with the drc.
What do you think will happen?

So who do you reckon they’ll hand the licence to? Think about it before you post

 

[tonster66]

View attachment 28821
I wonder how much of the goatfuck we apparently find ourselves in can be tracked back to being outplayed here by JFM over at CAMI. Here it clearly says WE declared a partial renunciation of PR13359. That renunciation was described as illegal by our partners Cominiere, and indeed it is unlawful under the mining code. Is that misfire going to prove a dire error, trusting it was FTs intent? What ever happened to the maxim, 'trust, but verify'.

Moreover given the estimated resource size of CDL and what it meant to AVZ's current and future market cap, how did we just renounce it. Wouldn't this have needed a shareholder vote? Or did the board just greenlight that own goal, and again without an ounce of thought as to continuous disclosure obligations until they couldnt not announce it?

Surely AVZ do not have the power to override the mining code. If AVZ requested a partial renunciation them surely cami would not allow it, if they did then the responsibility would lay with cami.

 

[hedrox]

So who do you reckon they’ll hand the licence to? Think about it before you post

 

[hedrox]

View attachment 28824

This was from todays AJN presentation in SA

 

[Roon]

Surely AVZ do not have the power to override the mining code. If AVZ requested a partial renunciation them surely cami would not allow it, if they did then the responsibility would lay with cami.

CAMi in the form of JFM appeared intent to not only allow it, but push for it with the intent to funnel it to AJN. I sure as heck hope we've got some documentary evidence indicating CAMI told us we'd have to split the tenement because FT wanted that. Just tell me it wasn't on an unrecorded Zoom or phone call.

 

[Sammy_da_Smile]

View attachment 28824

They even cite our drilling results! Lmao

 

[JNRB]

I don't know how anyone can find a positive part of that shit.

The most important thing of the Announcement:

-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.

Our management had no fucking idea what is coming. There is no communication between avz and the MoM.
If there would be backup by the government, they would made a new decree or talking about possible steps to help us. Instead of saying that the state can not benefit from a PE because of the conflicts between the shareholders. I told Nigel in a email a few months ago that he please don't fight until we loose it all. I think that will happen. The company is part of the ongoing disagreements, conflicts and differences. I believe the situation would be different when we had work with zijin instead of fighting them. But that is to late now. I believe the drc will take the 13359 back with the reason of the conflicts. The IGF had shoot against Dathcom too, not against AVZ but against the JV. So they will cancel the JV and we have to fight for money in the ICC.

If the DRC would want AVZ they would inform the company what will happen, they would talk with us about a new needed deal or anything else.
I dont think the MoM using this new decrees to put pressure of the JV shareholders that they try to find peace with each other, she could have used other ways to do so. I believe this is the beginning of our end.

canceling of the decrees, canceling of the 121 presentation, the first apologise i read in a annoucement, the management who had no idea that this is coming. Guys its written on the wall. Mark my words, I'm the first that is hopefully wrong, but in this moment I don't see any positiv thing.

What exactly is it you think is gonna happen if Cominiere/DRC were to claim back 100% ownership?

• Pass it off to zijin? Bullshit. Not gonna take the project from the majority holder to give it to someone with a dodgy claim of tiny portion.
• Develop it themselves? Nope.....
• Put it up for sale again? Unlikely. Nothing would be more damaging to the DRC's business reputation. And despite slow progress, they are working hard to improve it.

The single best outcome for the DRC to start realising value from Manono is to continue with AVZ as majority holder.
Give-or-take whatever other shenanigans about some minor % ownership disputes. So IMO thinking we could lose the whole thing is ridiculous.

IMO
No other option will get this thing happening faster.
No other option will get this thing happening with fewer disputes than what it already has.
No other option will have a better chance at getting funding.
No other option will result in as much value being returned to DRC citizens.

This is what the dodgies are fighting against, but ultimately these facts IMO will get it over the line.

 

[Spikerama]

They even cite our drilling results! Lmao

Fucken not a conflict of interest my ass Nigel!

Time for action people.

 

[obe wan]

View attachment 28824

might be difficult ; it’s no longer split and if it’s no longer split and the section open as application for exploration permit ; then their application is in the bin. AJN have less than $1m in the account , no drill data … you really think they’re on the running for Manono … some people need to chill

 

[RHyNO]

It’s all well and good for us to call out this conflict but could anyone actually note where in the asx rule book it addresses conflicts of this nature? If we can see a clear breach, we should all email the company and identify it and demand he sell his portion immediately. Also contact asic. But we need the rules that state it’s illegal.

 

[wombat74]

I believe that this will be the next step. Because of the on going disagreements, conflicts and differences between the shareholders they will find a way to fuck us. They dont tell us whats coming, in my opinion this tell me they give a fuck about us. They find easy a new partner with a better deal than 10%. In 10+ years no one will remember avz and the struggle with the drc.
What do you think will happen?

I'm keeping an open mind for the time being . China obviously the influence here IMO . I'm only guessing , but they might want us sorted before their losing cases come up with the ICC and they are embarrassed as f--k on the world stage . If we do get totally ripped , what then . No doubt we take the DRC gov to court . Can we put a halt on the mine by doing that ? Worst case I'm hoping a settlement can be made . Best case the ML or a TO . If it all goes tits up is Nigel screwed ? That AJN holding of his might come back to bite .

 

[Carlos Danger]

So are you saying not only do we not receive the ML but they take our entire holding as well? As in we hold 0% ? Despite spending over $100mil and all the work that's been done . They steal the lot ? Backed by the Chinese of course .

I believe that this will be the next step. Because of the on going disagreements, conflicts and differences between the shareholders they will find a way to fuck us. They dont tell us whats coming, in my opinion this tell me they give a fuck about us. They find easy a new partner with a better deal than 10%. In 10+ years no one will remember avz and the struggle with the drc.
What do you think will happen?

Cominiere's claims to AVZ's initial 60% of Dathcom are a joke imo

 

[CashKing]

So are you saying not only do we not receive the ML but they take our entire holding as well? As in we hold 0% ? Despite spending over $100mil and all the work that's been done . They steal the lot ? Backed by the Chinese of course .

That definitely seems like a goatfuckery…

GLTAH

 

[Mr Inappropriate]

Can someone please point at the at relevant section of the mining code, which states that the lease applicant must have harmonious and healthy cooperation between the stakeholders of that entity as a precondition for development.

 

[wombat74]

Cominiere's claims to AVZ's initial 60% of Dathcom are a joke imo
View attachment 28825

So is it off to court against Comminere as well is this sh1t sticks ?

 

[JNRB]

I can not know who will get it. MMCS did not know that AVZ will get it. They fight against everything possible in the JV agreement until they build their construct to have a feeling of a legal basis.
Our decrees got canceled with this reasons:

-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.

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


Do you believe they give us a new decree? Nothing have changed still cominere and zijin fighting agaist us. and now fighting against the complete JV. What do you believe will happen? The MoM dont even think its necessary to inform us. Thats not any type of a good relationship with the government. AVZ might be have legal stand, but bro the drc dont care about it. Look in what situation we are. MoP transfer 15% to zijin 5% to MMCS, they stolen the nothern part and want to give it to AJN and now our decree got canceled to get a ML. In this Moment AJN present the nothern part to other investors, in my view it dont look like the MoM told them you have no chance to get it after I cancel the decree. Instead our presentation is canceled. What do you think will coming next? they want to get that project online, but they dont care if we are part of it. We are not in a disney movie with a perfect ending after all the shit.

You're reading things into it that aren't there.

The items you've listed are not stated as the reason for cancelling the decrees.

They are simply matters that are acknowledged in whatever statement was given with the decree.
So unless you've got a copy of the full decree that you haven't shared, you are misinterpreting or misconstruing the information that has actually thus far been presented to us.

 

[TDITD]

CAMi in the form of JFM appeared intent to not only allow it, but push for it with the intent to funnel it to AJN. I sure as heck hope we've got some documentary evidence indicating CAMI told us we'd have to split the tenement because FT wanted that. Just tell me it wasn't on an unrecorded Zoom or phone call.

Well at least that’s one thing our board have been good with, so surely we have that up our sleeve.

 

[JNRB]

You're reading things into it that aren't there.

The items you've listed are not stated as the reason for cancelling the decrees.

They are simply matters that are acknowledged in whatever statement was given with the decree.
So unless you've got a copy of the full decree that you haven't shared, you are misinterpreting or misconstruing the information that has actually thus far been presented to us.

It may or may not be the case, but at this point that's not how the information has been presented.

 

[whales]

View attachment 28769
My reading on these bullet points is that they are the reasons given for cancelling the initial decrees and not a roadmap forward. What happens next is anyone's guess imo

The disagreements between shareholders are all because of Chinese bad actors. This is proven in the IGF report released in December. None of the delays are AVZ's fault and we control Dathcom.

Either this is the first step in awarding the whole tenement to Dathcom after ownership is sorted or we won't be mining it. So we will either sell or have to fight the DRC government in arbitration.

My take on the legal advice is regarding Dathcom first right to obtain 15% from Comminiere.
Can Comminiere be part of the JV project by receiving shares.
At the right legal entitlement in the project Comminiere may agree to sell 15% of their 25 % to Dathcom .
13359 no longer split so surface rights should be mutually agreed upon.
There was an offer made to government for the additional 15% from Comminiere that involved a percentage of ownership with shares issued that was posted by someone.

 

[TDITD]

So is it off to court against Comminere as well is this sh1t sticks ?

Fuck it off to court with everyone. ICC every bastard
Do we not have a recently retired SASR sniper that wants to earn a quick buck ?
Sure we could rustle up some snacks, it would speed things up tremendously.