AVZ Discussion 2022

[Carlos Danger]

And here is the letter from cominiere the MoM referring to:

https://www.politico.cd/encontinu/2...our-plusieurs-violations-par-avz.html/123908/

The MoM talking about hostage like cominiere in the letter. So after all the shit cominiere have done, she is using their letter as a point to cancel our transformation PR in PE.
Did you still believe @obe wan that we will get a new decree or have some good arguments for it?
In only my opinion they will use the shit cominiere say about their pre emptive right or the hostage shit to take the license back.
And I think this is the point Nigel deliberately kept secret in the annoucement today because it shows that they have no fucking idea whats going on and have no good relationship with the government.

The talk of hostage in the new ministerial decree is in a different sentence relating to the overall conflicts between shareholders 'exacerbated by the signing of the initial decree'. Unclear to me if the three points all relate to each other or are to be read separately.

I brought up the idea of a new decree for Dathcom getting PE13359 in its entirety a month or so ago. But I always thought it would happen at the same time as cancelling the old one. There will be a new decree at some point but I have no idea if it will be for Dathcom and if so what percentage of it AVZ will hold.

The overall sense I get from this new decree is that above all else the DRC government wants this show on the road 'given the need and urgency'.

 

[Ozthescot]

The talk of hostage in the new ministerial decree is in a different sentence relating to the overall conflicts between shareholders 'exacerbated by the signing of the initial decree'. Unclear to me if the three points all relate to each other or are to be read separately.

I brought up the idea of a new decree for Dathcom getting PE13359 in its entirety a month or so ago. But I always thought it would happen at the same time as cancelling the old one. There will be a new decree at some point but I have no idea if it will be for Dathcom and if so what percentage of it AVZ will hold.

The overall sense I get from this new decree is that above all else the DRC government wants this show on the road 'given the need and urgency'.

Yes I also get the sense that this will all come to a conclusion sooner rather than later now imo.

I would hope we hear more about what the intentions are in the coming days.

 

[Ozthescot]

Cominiere sold 15% with the help of the MoP to zijin and used the argument that they want to bring the project forward. Zijin said avz is blocking every try of a united working. And zijin want to bring the project forward too, of course that shit was illegal but when avz had worked with zijin, zijin would not use the way of icc I think and would block everything from zijin or cominiere. I believe the MoM referring to avz when talking about hostage. We are dealing with a corrupt government and of course I had the wish everyone is acting after the law, but don’t dealing with the devil had bring us in the situation that we maybe can’t deal with anyone in future. But what can I know? I’m just a shareholder who fear that I have lost all my money. Maybe a miracle is happening, but the cluelessness of our management about what have come don’t give me much hope.

Forgive me if im wrong here but was it not Zijin who commenced ICC proceedings in the first instance because they didnt get things their way!?
a very underhand and slimey tactic deliberately throwing a spanner in the works all because they got caught with their pants down, and threw a tantrum.
If anything AVZ is the one being held hostage, simply because they dont wanna play pass the brown paper bag! Imo

 

[Mickyb64]

The cancellation of the Mining Forum worries me a lot.

Exactly, I would have been more comfortable if Nigel had attended the forum and given his presentation. The fact he cancelled reeks of panic and confirms that the BOD had no idea that this was going to happen.

 

[Mickyb64]

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

I agree, they have far more important things to attend to now. My concern is that they were in SA, they had absolutely no idea this was going to happen.

 

[Doc]

Let’s hope for some clarification today or tomorrow at the latest. All I’ve read is 10 pages of speculation ( which is all we have without company announcements ). Would be great to get hard facts, positive or negative……
I’m pretty sure Jag is collecting pitchforks and about to storm the AVZ castle in Perth

 

[TheCount]

Wrong puppet - this is more like it.

TC.

 

[tonster66]

JFMK seems to be responsible for the exploitation permit being revoked.
How does that factor in?
View attachment 28844

So he can accurately determine the amount of fees payable when he issues AVZ the invoice.

 

[bloke383]

Exactly, I would have been more comfortable if Nigel had attended the forum and given his presentation. The fact he cancelled reeks of panic and confirms that the BOD had no idea that this was going to happen.

Nigel should of got someone to fill in for him , & explain to the conference why he couldn't be there ( laid bare to all what the fuck AVZ has been / has to deal with ) , because he needs to be back finding out what is exactly going on .

 

[obe wan]

And here is the letter from cominiere the MoM referring to:

https://www.politico.cd/encontinu/2...our-plusieurs-violations-par-avz.html/123908/

The MoM talking about hostage like cominiere in the letter. So after all the shit cominiere have done, she is using their letter as a point to cancel our transformation PR in PE.
Did you still believe @obe wan that we will get a new decree or have some good arguments for it?
In only my opinion they will use the shit cominiere say about their pre emptive right or the hostage shit to take the license back.
And I think this is the point Nigel deliberately kept secret in the annoucement today because it shows that they have no fucking idea whats going on and have no good relationship with the government.

If you move down through that link you’ve provided within your post which has the cominiere letter from Dec 22 requesting that the decrees be pulled up ; undeliverably the first and main reason for this pull up , is that Cominiere state AVZ filed an application for the renunciation of part of PR13359 without the approval or COMINIERE …couldn’t make this shit up. DG getting his back covered by his mates most likely ; ‘it was all AVZ ; they filed an application for it to be split … be interesting to see such application

Its certainly not the case , AVZ have been arguing that they never renounced for the last 8-9 months….

now it seems that the main issue ‘which held the project hostage’ I.e the northern split is now gone and out of the way and the 221 carre falls back into 13359

Misunderstandings , conflicts between shareholders of Dathcom ( internal squabbling ) etc etc which has ‘held the project hostage ; this is the next point

Sounds like AVZ now need to sit down with Cominiere and flow to some agreement with regard to their ‘misunderstandings / Conflicts’ and knock it out

Doesn’t sound like it’s a CAMI issue now ; sounds like it’s a Cominiere talk that needs to take place and move on.

The Cominieres reasoning for ownerships are a bloody joke , you couldn’t make half of them up and easily proven as been bullshit.

FT wants the project to move on ; Upper tier Cominiere management were taken up by the law . If Cominiere had of been let flitter their 15% away to Zijin for $36m and the north relinquished we’d be already trading and hearing zilch from CAMi or Cominiere .

CAMI issue gone , Cominiere hierarchy now out of position , ROFR does exist…. That 15% that has Zijin rolled on it … that miraculously turns back up .. I think all things will go away; Cominiere pulls in $150m+ and it’s a good deal .

So I reckon we’re now likely back at those finer points again at Cominieres table

 

[Charbella]

If you move down through that link you’ve provided within your post which has the cominiere letter from Dec 22 requesting that the decrees be pulled up ; undeliverably the first and main reason for this pull up , is that Cominiere state AVZ filed an application for the renunciation of part of PR13359 without the approval or COMINIERE …couldn’t make this shit up. DG getting his back covered by his mates most likely ; ‘it was all AVZ ; they filed an application for it to be split … be interesting to see such application

Its certainly not the case , AVZ have been arguing that they never renounced for the last 8-9 months….

now it seems that the main issue ‘which held the project hostage’ I.e the northern split is now gone and out of the way and the 221 carre falls back into 13359

Misunderstandings , conflicts between shareholders of Dathcom ( internal squabbling ) etc etc which has ‘held the project hostage ; this is the next point

Sounds like AVZ now need to sit down with Cominiere and flow to some agreement with regard to their ‘misunderstandings / Conflicts’ and knock it out

Doesn’t sound like it’s a CAMI issue now ; sounds like it’s a Cominiere talk that needs to take place and move on.

The Cominieres reasoning for ownerships are a bloody joke , you couldn’t make half of them up and easily proven as been bullshit.

FT wants the project to move on ; Upper tier Cominiere management were taken up by the law . If Cominiere had of been let flitter their 15% away to Zijin for $36m and the north relinquished we’d be already trading and hearing zilch from CAMi or Cominiere .

CAMI issue gone , Cominiere hierarchy now out of position , ROFR does exist…. That 15% that has Zijin rolled on it … that miraculously turns back up .. I think all things will go away; Cominiere pulls in $150m+ and it’s a good deal .

So I reckon we’re now likely back at those finer points again at Cominieres table

Also our 15% will need to go back to Dathomir or pay them out. Something has to give to move forward.

 

[Dijon101]

Send in the clowns
View attachment 28819

Presentations – AJN Resources

ajnresources.com

View attachment 28820

I really don't get this.

Did AVZ agree to split the northern sector of 13359?
Did AJN then apply for the Northern Sector of 13359
Is not Nigel a 10% stakeholder in AJN?
How is this NOT a conflict of interest by Nigel?

How are they able to still present this to investors if 13359 is no longer split?

 

[obe wan]

Also our 15% will need to go back to Dathomir or pay them out. Something has to give to move forward.

That’s another matter and I don’t think that that would play in issuing of a new decree tbh ; that Dathomir case , I’d be very surprised if that finds any legs what so ever, but yes it still appears to be a ghosting issue which needs to be cleared off the table . There’s an impending ICC case to deal with that thankfully.

Best case scenario here and a lubed up Avenue would be Zijin issuing offical letter stating that it has no legal holding on the 15% and from there everything should move on with AVZ issuing a sum ; if zijin or other choose to come in at a higher price , we’ll there’s nothing we can do about that as everything is above board

 

[Charbella]

That’s another matter and I don’t think that that would play in issuing of a new decree tbh ; that Dathomir case , I’d be very surprised if that finds any legs what so ever, but yes it still appears to be a ghosting issue which needs to be cleared off the table . There’s an impending ICC case to deal with that thankfully.

Best case scenario here and a lubed up Avenue would be Zijin issuing offical letter stating that it has no legal holding on the 15% and from there everything should move on with AVZ issuing a sum ; if zijin or other choose to come in at a higher price , we’ll there’s nothing we can do about that as everything is above board

Hi Obe, could you please help me out with the cancellation of the split. I don’t see it on the decree.

 

[Lichione]

Hi Obe, could you please help me out with the cancellation of the split. I don’t see it on the decree.

In AVZ announcement, there are two Decrees. Must be 00031 and 00032 according to Acaj. They have shown 00031 somewhere however did not see 00032

 

[DiscoDanNZ]

I really don't get this.

Did AVZ agree to split the northern sector of 13359?
Did AJN then apply for the Northern Sector of 13359
Is not Nigel a 10% stakeholder in AJN?
How is this NOT a conflict of interest by Nigel?

How are they able to still present this to investors if 13359 is no longer split?

All of the above is apparently true.

Nigel's holding of 10% of AJN is not a conflict because he says it isn't, the guys never said anything misleading before after all.

 

[Charbella]

View attachment 28845 View attachment 28846

Any chance you can help us out with second decree for the split? Thanks in-advance.

 

[9cardomaha]

Any chance you can help us out with second decree for the split? Thanks in-advance.

31 and 32 look remarkably similar, differences are:

Last point on p1 AND Article 1 on p2.

 

[Misfits]

Many here would know of Scarpa. His thoughts on it all.

Scarpa​

8,730 Posts.
14,538
Date:07/02/23Time:09:17:26Post #:66110039

I will be frank - this is a mess as I psoted before. This could have been totally resolved way back if the DRC government simply stepped in and it hasn't. I repeat it hasn't, and that is a fact. If corruption was the basis of how Zijin got 15% it should have just been dealt with immediately by the DRC government and said corruption has occurred and we are reversing everything today so that this gets to mining this side of 2025 - refer Post #:65456320

The fact nothing has been done, and in effect the Ann essentially say between the lines AVZ sort this out and get this to mining orelse we may take another action implies basically AVZ accept the situation to get this to mining immediately and therefore you currently have 60% and move on. Get this to mining fullstop is the message here and we are not doing anything to resolve the ownership dispute - the 15% AVZ is lost even under this announcement and basically AVZ would have to take legal action to get to 75% and that means time, again means time. I do recall the dispute around change of ownership here a while back when AVZ got the tenement which was lack of exploration effort on the part of the previous owner, so DRC wants this at mining to repeat, so Dathcom now has to get it to mining and that means the dispute on ownership has to be settled quick fast, and so IMO the only way it can be settled quick fast is for AVZ to walk away from its 75% claim. It is obvious AVZ was blindsighted by this announcement as well.

Sort it out or face the consequences is the message in Ann. Hope I am wrong, but there is minimal in this announcement that I like given the legalistic nature of it and the difficulty in understanding the legal jargon in it, but the intent is clear too me. The telling paragraphs of the announcement are the DRC comment - resolve the issue and get it to mining. The only way this will get to mining early and the legal issues go away is AVZ conceed which implied too me crime can pay in the DRC, unfortunately. This mess could have been sorted out by the DRC government - corruption can be addressed immediately if a government had the will especially when seeking to show the world DRC is open for business and sovereign risk is low. Clearly the DRC govermnment has 'words' that are not accompanied by actions.

All IMO and hope I am wrong, but after nearly a year and this I am not confident AVZ will get its 75% and the consequences of not getting this to mining appear stark IMO in this announcement.

I am sure a lot here will disagree with this post, but that is how I am reading it. In plain English AVZ should state what does the announcement actually mean to AVZ in terms of its ownership stake, and what actions can the DRC government take if mining is delayed here by ownership issues?? I recognise others have interpreted the Ann differently, so interpretations will differ based on the Ann and it is possible my interpretation is based on the fact I am quite annoyed in reading it. Time to mellow.

All IMO

 

[Spikerama]

View attachment 28847 View attachment 28848

Sam what is the translation app you use here, if you dont mind?