AVZ Discussion 2022

[Sammy_da_Smile]

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Thanks!

 

[Winenut]

If/when this shitshow of a stock ever trades again we will all have 2 options.....

Sell on the market ....or.....hold and continue to battle upstream in the barbed wire canoe

I think it's about fucking time we were given the choice

Still can't post without slipping in an expletive

So pissed off

Farken...

 

[j.l]

Hi Wombat, I am a german. I heard it the same way as SChemozzel. Klaus stated, that from his knowledge all Licenses have been cancled and a new deal for _Roche Dure_ need to be agreed upon. He did not state CDL. May be he wanted to say CDL and mixed up with Roche dure.

Cheers

Granini

So we now know that Klaus' intel was pretty good.

I think back to some supposed chats that Der Geist posted somewhere (purportedly from Klaus) late 2021/early 2022 saying AVZ was losing control of the project and that relationship with Cominiere was not good.

Love him or hate him, gotta give him credit - he knows the DRC.

 

[TDITD]

Yep mate I'm with you. One would hope. But trust me. I have lived and worked in Africa. Not DRC but East Africa.

Kenya, Nigeria, Tanzania, Mozambique.

I've worked with the highest levels of Gov. And getting a meeting with them, even when they want something done, isn't as easy as it should be. Basically because they have so much shit going on and it's a fucking horror show.

Not saying that is the same for the DRC but all the evidence so far doesn't paint a better picture sadly.

Ok, so could Nigel not join him on his plane and have a discussion with him to then enlighten him on what's happening, so we can then arrange a meeting with involved parties.

 

[TDITD]

I'm curious to why we're not trading now, at the very least we're owed a new reason as to continued suspension you would think?

we are currently residing in destination fucked

 

[Samus]

 

[Carlos Danger]

@elphamale is wrong imo

Long live the king

 

[Samus]

The mainstream media narrative against AVZ continues.
I'm sure it's been posted but worth a read to see what the people of the DRC are being fed in relation to this matter.

RDC : Le ministère des mines rapporte l’arrêté sur PE13359, avz n’a rien ? | 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

 

[whales]

So Zi

First right of refusal means AVZ should be able to buy at the exact same price offered to Zijin. But the valuation of 33m USD was incorrect according to the DFS completed by AVZ so 150m USD is what the eventual buyer will need to pay at minimum imo

So Zijin could offer in excess of $200 million and AVZ would need to match it and accept that price.
If it does not then it would loose the first right of refusal.

 

[Carlos Danger]

So Zi

So Zijin could offer in excess of $200 million and AVZ would need to match it and accept that price.
If it does not then it would loose the first right of refusal.

One would hope Zijin wouldn't be allowed to bid again considering they bribed people in an attempt to defraud the state out of 117m USD. But yes for them if allowed or for another potential bidder. AVZ would need to match the offer that Cominiere tells them they are willing to accept or would forfeit its first right of refusal.

 

[j.l]

One would hope Zijin wouldn't be allowed to bid again considering they bribed people in an attempt to defraud the state out of 117m USD. But yes for them if allowed or for another potential bidder. AVZ would need to match the offer that Cominiere tells them they are willing to accept or would forfeit its first right of refusal.

Presumably AJN become the proxy for Zijin in that play.

(not that it's any of our business)

 

[Skar]

I think 20c is a fair guesstimate.
And at that price, who do you think would be buying?
We'd be fucked.

Whoever wants to speculate on an advanced exploration ~2 billion ton African Lithium project. Even at 60% ownership (51% after cath 9% if it drops that low), the project economics are sound. If we have a 10Mtpa with FID.... thats worth something, the key is Nigel getting a deal done or getting clarification to what extent we have recourse or clout with "competent DRC government"... it is extremely unfavourable that AVZ has been caught blind by this when he/they seemed so confident before.

Very curious how NF will address shareholders on this... whats the AVZ email address to direct queries to?

 

[smileatme]

So Zi

So Zijin could offer in excess of $200 million and AVZ would need to match it and accept that price.
If it does not then it would loose the first right of refusal.

Why only Zijin?
If CATH puts up its hand for the 15%, then this Zijin question will be very interesting, right?
CATH will get its 24% and AVZ could then buy back Dathomir's 15%.
End result - AVZ 66% and CATH 24%.

 

[Hudnut]

Why only Zijin?
If CATH puts up its hand for the 15%, then this Zijin question will be very interesting, right?
CATH will get its 24% and AVZ could then buy back Dathomir's 15%.
End result - AVZ 66% and CATH 24%.

Lateral thinking. Do you think Nige is up to it?
Seems to me he's been sitting back waiting for things to happen to us.

 

[Modo]

I think 20c is a fair guesstimate.
And at that price, who do you think would be buying?
We'd be fucked.

While the reason for the suspension appears to be no longer valid, the latest announcement wanting to seek legal clarification on the decrees, likely allows it to stay in play. Which is a good thing.

Opening for trade now would be catastrophic, this is run for the hills, baked beans under the bed stuff.

Needs much more clarification to be announced.

28th Feb they will need to give the ASX and SH a good reason to stay suspended.

While I understand many may be keen to get their equity back, the people buying off you will likely be those causing all the troubles. Lots of buying under reporting thresholds by Overseas entities highly likely.

The company should be given the grace of at least a couple of weeks to work out where we are, and a plan forward.

 

[Carlos Danger]

While the reason for the suspension appears to be no longer valid, the latest announcement wanting to seek legal clarification on the decrees, likely allows it to stay in play. Which is a good thing.

Opening for trade now would be catastrophic, this is run for the hills, baked beans under the bed stuff.

Needs much more clarification to be announced.

28th Feb they will need to give the ASX and SH a good reason to stay suspended.

While I understand many may be keen to get their equity back, the people buying off you will likely be those causing all the troubles. Lots of buying under reporting thresholds by Overseas entities highly likely.

The company should be given the grace of at least a couple of weeks to work out where we are, and a plan forward.

Based Modo haha

But I think the ASX will want clarification sooner than that

 

[MoneyBags1348]

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

Great to see some level headed comments here today, in amongst the panic and gloom. But @obe wan, I think it's a little more serious than you think when we have Georges Kapiamba (ACAJ) sticking his nose in, which I suspect could be because Felix Tshisekedi told him to.

I said before, Georges Kapiamba (ACAJ) should be on everyone's watch list as he has backed Cominiere before, and it's strikingly obvious Tshisekedi is distancing himself from openly acknowledging any knowledge of what is going on (so much for the paddlepop lion @Carlos Danger).

I consider both the following possibilities

1) Tshisekedi and Lukonde are influenced by Chinese entities

2) The fact that state owned Cominiere (of which the government owns 90%), has been found by the Inspector General of Finance to be corrupt and guilty of fraudulently selling 15% in Dathcom to Zigin and depriving the DRC people of around $120million, and on top of that, most of the $30million from Zigin mysteriously disappeared into corrupt hands

.... As a result of the illegalities of Cominiere, and with elections approaching, Tshisekedi and Kapiamba have hatched this with Cominiere and the Minister of Mines

I don't even know what else to add at this point.... I'm actually still only up to reading page 1167 because I took my better half's friend's dog for a walk (because I love him!) and I'm still trying to work out whether I or @TheCount needs to change our User Profile

At least I got a laugh out of this:

wombat74 said:
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 .

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


PS Wombles, Bags is a capital 'B', Like I said, it's the little things that count.... You know, like detail!!

PPS I don't think I'm going to be able to reply anymore today, I'm several pages behind and have to start warming up on my ceiling to floor ball

PPPS No matter how bad things look, everyone here is better off than the thousands of women and children who are getting slaughtered, raped and murdered every day by M23 rebels fighting for minerals in the east of the DRC

PPPPS It's members here who reply to the trolls who keep them here

Edited because after going through the pages I see why the replies…. The trouble is the trolls feed on replies and even I get caught replying to their insidious lies

 

[Modo]

Based Modo haha

But I think the ASX will want clarification sooner than that

They can ask for clarification via an ASX Aware Query. This usually has 5 days to reply.

This stuff takes time to be worked through, back and forth.

If the ASX forces to trade so be it.

But the snail pace the ASX usually works, I think the end of the month is quite feasible.

We will see.

I have no doubt they have been inundated by requests to trade, likely from shorters who smell blood, they could well be gagging to open additional positions on top of current ones.

 

[Modo]

Great to see some level headed comments here today, in amongst the panic and gloom. But @obe wan, I think it's a little more serious than you think when we have Georges Kapiamba (ACAJ) sticking his nose in, which I suspect could be because Felix Tshisekedi told him to.

I said before, Georges Kapiamba (ACAJ) should be on everyone's watch list as he has backed Cominiere before, and it's strikingly obvious Tshisekedi is distancing himself from openly acknowledging any knowledge of what is going on (so much for the paddlepop lion @Carlos Danger).

I consider both the following possibilities

1) Tshisekedi and Lukonde are influenced by Chinese entities

2) The fact that state owned Cominiere (of which the government owns 90%), has been found by the Inspector General of Finance to be corrupt and guilty of fraudulently selling 15% in Dathcom to Zigin and depriving the DRC people of around $120million, and on top of that, most of the $30million from Zigin mysteriously disappeared into corrupt hands

.... As a result of the illegalities of Cominiere, and with elections approaching, Tshisekedi and Kapiamba have hatched this with Cominiere and the Minister of Mines

I don't even know what else to add at this point.... I'm actually still only up to reading page 1167 because I took my better half's dog for a walk (because I love him!) and I'm still trying to work out whether I or @TheCount needs to change our User Profile

At least I got a laugh out of this:

wombat74 said:
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 .

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


PS Wombles, Bags is a capital 'B', Like I said, it's the little things that count.... You know, like fucken detail!!

PPS I don't think I'm going to be able to reply anymore today, I'm several pages behind and have to start warming up on my ceiling to floor ball

PPPS No matter how bad things look, everyone here is better off than the thousands of women and children who are getting slaughtered, raped and murdered every day by M23 rebels fighting for minerals in the east of the DRC

PPPPS It's members here who reply to the troll above who keep him here. BEISH, if you and Carlos feel the need to, I'll just put you both on ignore.... just fucken ridiculous encouraging him, but whatever

In reply to your last PPPPS

Have you always been a miserable person?

I remember you at the Sydney roadshow of 2021, your whining on and on and on, like some old washer woman, then the HC i'm selling out post a number of days later. Purpose? Seeking sympathy??

You missed the run of a lifetime on alot of your holding I'm guessing, so your going to be grumpy I guess.

Nigel has dropped the ball big time, IMO, and should be given the grace to allow to redeem himself, but he cannot go without some ownership of this current debacle.

GLTU.

 

[Carlos Danger]

They can ask for clarification via an ASX Aware Query. This usually has 5 days to reply.

This stuff takes time to be worked through, back and forth.

If the ASX forces to trade so be it.

But the snail pace the ASX usually works, I think the end of the month is quite feasible.

We will see.

I have no doubt they have been inundated by requests to trade, likely from shorters who smell blood, they could well be gagging to open additional positions on top of current ones.

Yeah that was what I was basing my Monday morning at the latest resuming of trade on

I agree it's feasible considering the situation but we will be lucky as fuck to make it to the end of February without a solid reason. Discussions with the 'competent DRC authorities' just ain't gonna cut it no more imo