AVZ Discussion 2022

[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.

 

[TDITD]

Or didn't have time to delete the sentence in the PowerPoint in relation to

"Working closely with competent DRC government authorities"

And
"Ministerial decree received"


No doubt probably a little embarrassed too.

Surely could have changed the line to “pineapple received”

 

[Spikerama]

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.

Send these guys.

 

[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?

Mate think the ,' on going disagreements ,conflicts and differences ' is just an excuse they came up with . It seems a very lame reason to me . Sounds like something the Chinese came up with . It would be laughable if it wasn't so serious . I can see the head lines now . AVZ Get Booted Out of the DRC because of Bickering with stake holders .

 

[wombat74]

Isn't amazing how they drop this sh1t on us when Nigel is about to make presentations ? The first one being his presentation in South Africa in May when this sh1t show started . The next being all the Sh1t that dropped during the RS and AGM . Now this one in South Africa again . Surely the timing is not a coincidence .

 

[JNRB]

You think canceling the decree because the state can not benefit from a PE with this shareholder JV is not a reason?

As per my second post - that may or may not be the reason.

My main point is that you were stating as FACT that it was given as the reasoning for the decree.
That's not true.

Whether or not it's their reason we have no way of knowing. All we know is they acknowledged those things in their statement. NOT that those things were the reason for it.

 

[obe wan]

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.

I’m the first who want to be wrong, I don’t have a idea what really happen. This is just what I believe will happen. You can of course have other opinions. And I hope you have better arguments to show me I’m wrong!

I reckon you should got over to the crapper and read both of Amovatio’s posts from today ; if you want a crisp cut explanation lmo those are the posts you read and stop overthinking it.

 

[DiscoDanNZ]

Mate think the ,' on going disagreements ,conflicts and differences ' is just an excuse they came up with . It seems a very lame reason to me . Sounds like something the Chinese came up with . It would be laughable if it wasn't so serious . I can see the head lines now . AVZ Get Booted Out of the DRC because of Bickering with stake holders .

It definitely screams BS, why are we not playing nicely with Cominiere? Could it be that they have tried to screw us at every opportunity including selling shares we have the preemptive rights to which is only one of the bigger hurdles they've created.

Now Cominiere go and say sorry to AVZ or you can go to your room....

 

[Samus]

1/2 Stopped from
@MinMinesCD
to #Dathcom #COMINIERE $AVZ Item 1: Ministerial Order No. 00145/CAB. MIN/MINES/01/2021 of April 25, 2022 granting operating permit No. 13359 to DATHCOM MINING SA is postponed and cannot produce any effect.
2/2 Section 2: the Secretary General for Mines and the Director General of the Mining Cadastre are responsible, each as far as he is concerned, for the execution of this Order which comes into force on the date of its signature.

 

[TDITD]

I'm with you Obe-wan for now . Glass half full . I've stirred up Moneybags enough for one day. He's probably pulling out what's left of his hair . Big sleeps Money .

Well if his hairs gone it’s onto chest hair next then ball hair, have some mercy you square shitting bastard

 

[John25]

Where’s our announcement that our highly paid BoD have dropped the ball ..blindsided /bent over & were incompetent to see the overuse coming …they’ve hoodwinked us in the most deceitful way imaginable…Where’s the spineless ASX …we were a top 200 company .Sorry but our BoD are incapable of SHIT …

 

[Carlos Danger]

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.

Cominiere want it all. They are claiming that their pre emption on the original 60% of Dathcom was never honoured. Which if they hypothetically got that 60% would mean AVZ wouldn't have first right of refusal on the other 15% because we would never have been a shareholder of Dathcom. But it's nonsense because Cominiere attended Dathcom meetings year in year out and never said shit until they got caught with their hands in Zijin's snack jar.

 

[obe wan]

I reckon you should got over to the crapper and read both of Amovatio’s posts from today ; if you want a crisp cut explanation lmo those are the posts you read and stop overthinking it.

The wording which basically sent everyone into panic mode today was -’seek independent legal advice’

‘The company is seeking legal advice over regarding both ministries decrees’

‘Legal advice’ mentioned in as announcements sends a rush of blood to the head, each and everytime .

Amovatio’s quote - ‘The Fact that Nigel is engaging Lawyers to make contact through DRC channels of Government is to seek clarity that the recent notices issued are merely part of the process.’

How many times does one reckon they’ve had this issue within the DRC...tenements split and decree issued...decree binned and the split reversed...i reckon 0.05 of a percent...or never happened...what text book do you read up, to see if it's part of the process...none resdily available on hand I reckon ; would need to hit the legal eagles to drill down through the processes and subsections ; remember good old cami, a gov dept basically sidestepped its own mining code....would you not feel the need to suss out such rare decisions and see if these are all above board as oppose to walking into it blindly and potentially out if line and not following the actual procedures ; the reason we’re still here and getting kindergarten level accusations thrown at us in desperate attempts that sometime will stick from the liked of cominiere and co, mid because we followed the process

 

[Carlos Danger]

Cominiere want it all. They are claiming that their pre emption on the original 60% of Dathcom was never honoured. Which if they hypothetically got that 60% would mean AVZ wouldn't have first right of refusal on the other 15% because we would never have been a shareholder of Dathcom. But it's nonsense because Cominiere attended Dathcom meetings year in year out and never said shit until they got caught with their hands in Zijin's snack jar.
View attachment 28833

Cominiere attempting to get the 60% back from AVZ is what ACAJ meant by this imo

 

[obe wan]

The cancellation of the Mining Forum worries me a lot.

If they’re in SA and this has popped out ; id imagine they’ve more important things to be doing with their time; use your time wisely imo

 

[obe wan]

Cominiere attempting to get the 60% back from AVZ is what ACAJ meant by this imo
View attachment 28835

Wonder if they still have all the cash they were paid for those percentages still in their accounts and never touched

 

[wombat74]

Cominiere attempting to get the 60% back from AVZ is what ACAJ meant by this imo
View attachment 28835

So the IGF at Felix's instructions find Cominiere guilty . A few have even been arrested . Zijin admitted their 15% is illegal and still these f--ks come at us with whatever BS they can come up with . DRC gov turn a complete blind eye .

 

[Ozthescot]

One fact in all this, is that we are simply going to have to dare i say it 'wait' once again to see what the outcome from this announcement actually is.

If Nige isn't now presenting at Cape town i would like to think he's engaged in far more serious use of his time regarding todays announcement.

Tic farken tok....

 

[antimatter]

I have no fucking clue what is going on after today's announcement. However, I am pretty sure that the Chinese is not the main beneficiary of the cancellation. If they are, all the courting by the DRC with the US and international investors, plus the signed MoU with the US is a waste of time. Too much work had been invested by the DRC to reduce their dependency on the Chinese to allow this to be annihilated by this cancellation to favour the Chinese.