AVZ Discussion 2022

[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?

 

[wombat74]

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

Good post by Scarpa . I hope this is the worst case scenario .

 

[Spikerama]

Good post by Scarpa . I hope this is the worst case scenario .

Agree... because it's basically my Ice-cream analogy

 

[Samus]

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

It's google lens

 

[Sparrowhawk12]

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

Why is Scarpa saying (MoP says) "Ziljin have 15%"? I thought someone reported "MoP says Dathomir's claim to 15% still stands"?? I'm confused??

 

[Carlos Danger]

It's google lens
View attachment 28868 View attachment 28869

Surely management at least consulted Cominiere before agreeing to partition the tenement on Dathcom's behalf. As long as they did there shouldn't be an issue because we control Dathcom. Interesting it doesn't mention that the waiver was not allowed under law, because that would mean the MoM was negligent in her duties.

RDC – IGF : La COMINIERE demande le report des arrêtés portant renonciation de PR13359 pour plusieurs violations par AVZ | Politico.cd

1ère source de l’actualité politique et économique en temps réel en RDC. Les dernières nouvelles, les enquêtes et les révélations exclusives.

www.politico.cd

 

[Sammy_da_Smile]

View attachment 28862
View attachment 28863

31 and 32 look remarkably similar, differences are:

Last point on p1 AND Article 1 on p2.

Where are you getting these? Lol

 

[Sammy_da_Smile]

View attachment 28862
View attachment 28863

31 and 32 look remarkably similar, differences are:

Last point on p1 AND Article 1 on p2.

Are you able to get hold of decree 80?

This one is crucial and will hopefully state how the area was spilt into two.

 

[Sammy_da_Smile]

Surely management at least consulted Cominiere before agreeing to partition the tenement on Dathcom's behalf. As long as they did there shouldn't be an issue because we control Dathcom. Interesting it doesn't mention that the waiver was not allowed under law, because that would mean the MoM was negligent in her duties.
View attachment 28871

RDC – IGF : La COMINIERE demande le report des arrêtés portant renonciation de PR13359 pour plusieurs violations par AVZ | Politico.cd

1ère source de l’actualité politique et économique en temps réel en RDC. Les dernières nouvelles, les enquêtes et les révélations exclusives.

www.politico.cd

View attachment 28875
View attachment 28873

I'm thinking they were possibly mislead with the idea being they needed to give up the north to then apply for the a renewal PR licence for 5 years. This obviously didn't happen and they have been fighting for it since.

 

[Samus]

Surely management at least consulted Cominiere before agreeing to partition the tenement on Dathcom's behalf. As long as they did there shouldn't be an issue because we control Dathcom. Interesting it doesn't mention that the waiver was not allowed under law, because that would mean the MoM was negligent in her duties.
View attachment 28871

RDC – IGF : La COMINIERE demande le report des arrêtés portant renonciation de PR13359 pour plusieurs violations par AVZ | Politico.cd

1ère source de l’actualité politique et économique en temps réel en RDC. Les dernières nouvelles, les enquêtes et les révélations exclusives.

www.politico.cd

View attachment 28875
View attachment 28873

Who knows, the whole thing makes one's head hurt because it's so stupid. This cominière letter is obviously choc full of lies but there is also some truth thrown in there as well. You can't blame management for not wanting to deal with them but at the same time management has shown almost equal buffoonery and questionable behaviours in going to the extent of making an application to waiver part of 13359 (the part with high mica content )
Fallen for the trap of JFMK? Maybe but Nigel meets witk Klaus in Germany and then this happens.
Seems like the lot if them need to sit down in a room with their lawyers including MOM and JFMK and hash out some sort of binding solution for a path forward. One where AVZ isn't liable for the corruption of the other parties but can side step it and move forward with the mine and the Hydro plant. Something like that, who the fuck knows.
Basically bend over and cop it up the ass, pay some more money and then fucking sell whatever percentage we've got left pronto imo.
However these DRC criminals come across as a vindictive lot and it's just as likely this is the start of them trying to push out AVZ altogether and fortify their means of embezzlement of State funds.

 

[TDITD]

Right I've been doing some thinking.....ok stop sniggering at the back.

An thanks to Solos great work this morning on the Decree, we are able to read it in full. Which helps, cheers you legend !!

'continuing tensions' GTFO

Lets be real here, Cominiere don't want to mine, they don't want to build a mine in Manono, they have no interest or capacity.
They have also fraudulently sold 15% off to Zijin for peanuts, while not giving us our contracted ROFR. They have no interest in the mining.

So how about we as in DATHCOM hold a meeting of Serious DATHCOM holders - as in who's here after the ML is given, who's going to mine this and pay for it and build it (you dickheads)

Ok so who do we have then, well that's AVZ 51% and that's DRC state 10% and CATH 24% with the remaining 15% unaccounted for UNLESS you would like to give us our ROFR - nah didn't think so dickheads, so the 15% is rescinded as it was illegal and remains floating.

At this meeting we shall discuss these 'continuing tensions', we shall discuss how to get this thing moving fast as we are now behind schedule from mining to SEZ, we shall also in each other's company discuss the 15% who wants it and agree upon decisions made at that meeting while acknowledging AVZ has ROFR.

This is IMO is what needs to be done with Felix and Antoinette together in a meeting room. They are hypocrites of the highest order if not corrupt/useless/incompetent, a meeting is critically required where basically this gets hashed out before anyone leaves the room. Even if we arrange that 'meeting' to happen at a later date in Cape Town, it needs to happen.

What do you peeps think ?

 

[Spikerama]

Right I've been doing some thinking.....ok stop sniggering at the back.

An thanks to Solos great work this morning on the Decree, we are able to read it in full. Which helps, cheers you legend !!

'continuing tensions' GTFO

Lets be real here, Cominiere don't want to mine, they don't want to build a mine in Manono, they have no interest or capacity.
They have also fraudulently sold 15% off to Zijin for peanuts, while not giving us our contracted ROFR. They have no interest in the mining.

So how about we as in DATHCOM hold a meeting of Serious DATHCOM holders - as in who's here after the ML is given, who's going to mine this and pay for it and build it (you dickheads)

Ok so who do we have then, well that's AVZ 51% and that's DRC state 10% and CATH 24% with the remaining 15% unaccounted for UNLESS you would like to give us our ROFR - nah didn't think so dickheads, so the 15% is rescinded as it was illegal and remains floating.

At this meeting we shall discuss these 'continuing tensions', we shall discuss how to get this thing moving fast as we are now behind schedule from mining to SEZ, we shall also in each other's company discuss the 15% who wants it and agree upon decisions made at that meeting while acknowledging AVZ has ROFR.

This is IMO is what needs to be done with Felix and Antoinette together in a meeting room. They are hypocrites of the highest order if not corrupt/useless/incompetent, a meeting is critically required where basically this gets hashed out before anyone leaves the room. Even if we arrange that 'meeting' to happen at a later date in Cape Town, it needs to happen.

What do you peeps think ?

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

 

[TDITD]

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 .

This is exactly what should have happened. A fill in, explaining wtf is happening there, asking infront of everyone for Felix to sort out the corruption and illegal interference. Then get on with a quick presentation.

 

[mouseflying]

I were there in Melbourne Roadshow,

after all, my thought is:

if cath just want the proudct, don't care about the percentage of ownership, then just reduce their pecentage to 9%

and if dathomir want 50million more, just pay it. and let this mf go away.

if zijin want that 15%, just give it to them.

then the structure is AVZ 66% Cath 9%, zijin 15% goverment 10%. we still hold 66% with controlling interest.

Please start the project and print money asap.

now, seems this is the best scenario

 

[Winenut]

The whole thing is worth fucking BILLIONS

You'd think that would be enough incentive to get all parties onto phones, then onto planes to the DRC and then all in the one fucking room to reach an agreement and sign off once and for all on the way forward

For fucks sake

Whatever that would cost would pale into insignificance when compared to what we've already fucking pissed against the wall with fucking numpty roadshows and absolutely pisspoor legal advice.... ..and when compared to what the upside potential earnings could be if the fucking shitfull current impasse was resolved

Fuck me .....the incompetence all round is so fucking astronomical its a fucking joke

 

[BEISHA]

You and remark.

Its not as rosy as many thought. Too many people thinking Jens, Deboss, Constantin, Fox, etc etc were Also good, when all they are doing is pump things and protect the BOD.

Todays announcement is a reality chcek.

Clearly Nigel should have been on the ground the last 3 years, not in Perth. Thats how you earn the PR’s. At least he could have said “I tried”. If he had been there all the time.

I dont think he can ever make that claim now, regardless of the out come.

I stand by the 50m reasons to get a decent outcome. Just not sure many here have the ability to look a gift horse in the mouth.

Most seem to want to be emotional, when what really counts is get your capital back and hopefully with a decent profit.

The longer it drags on the lower the chances. The stats are there if you go looking.

"Clearly Nigel should have been on the ground the last 3 years, not in Perth. Thats how you earn the PR’s. At least he could have said “I tried”. If he had been there all the time."

Sorry, thats a ridiculous statement to make, are you forgetting there was a PANDEMIC squeezed in that equation which ravaged thru the worlds population ?

Criticise the AVZ bod all you like regards to CONTINUOUS DISCLOSURE and Nigels CONFLICT OF INTEREST, but you certainly cant blame them for coming back home for COVID reasons.........

For me, the real arseholes in this enormous shit show is Zijin / Cominiere / Dathomir / Cong but more importantly, the impotent president FT, who should of re shuffled / weeded out the corrupt wankers that existed in his cabinet from the previous Kabila regime when he attained power in 2019, who ironically misled him to believe that AVZ " was not worthy " of being awarded a ML, which gives me the strongest impression that he wasnt following the progression of the biggest hard rock lithium play which would transform his country........instead, FT preferred to travel around the globe, seminar to seminar, preaching his bull shit that DRC was the destination / solution for the EV revolution ........

Now FT has the audacity to bypass the IGF report, pass the buck back to AVZ urging them to harmonise the Dathcom registry in order to attain the ML.

FT has left AVZ out to dry, completely disrespecting a coy that has done all the hard yards by the book, spent 100s of millions of dollars to attain a favourable DFS , build accomodation, preliminary earth works and continue to drill out RD to further refine .

So Modo, you should be concentrating your vent on FT, his corrupt ministers, the corrupt chinese actors, not solely on AVZ bod.

This is not a emotional post...........just underlining the facts for you champ.

 

[Carlos Danger]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

'With a view to save the Manono lithium project'

'Given the need and urgency'

'Nature to paralyse the exploitation of lithium and to prevent the state from channeling the products resulting from the exploitation licence 13359'

AVZ management are all away for meetings and Nigel cancels 121. I reckon the highest levels of state have made themselves available and this shitshow is going to get sorted out one way or another. Lions gonna lion.

 

[TDITD]

I think the concept in principle is pretty reasonable and well thought through but I think you are being a bit naive about how easy it is to get an audience with the most highest levels of State.

Yes, it is not easy, they have in a way told us they want this thing moving along, so they must also show some willingness. We need to force the meeting, much more will get done in one meeting with the right people in the room.

We have been led to belive we are 'close' time and time again, I believe management were of that opinion too, we cant continue on like this with Nigel an Co in Perth and DRC Corrupt actors doing as they wish.

If we get CATH and MOM aswell as Felix and fucking hammer it home, we have a much better chance to force the whole bloody thing through.
Its just not getting done the way we are approaching it at the moment.

 

[Onthefm]

now, seems this is the best scenario

Wich could have been done 12 months ago and should have been. None of this grief needed to happen.