AVZ Discussion 2022

[Chilla]

I think the MoM can re-assign 13359 away from Dathcom.
However AVZ's ownership of Dathcom has nothing to do with MoM. It is of course a hollow win.

Just a minor thing to consider.

IMO IMO IMO

Taking 13359 away from Dathcom, after all its work carried out on the lease over the last 6 years, including proving the resource, will raise internationally lots of eyebrows and would do the DRC not a good service.

Re-considering a proven (by its own financial agency) fraudulent transaction, is politically a much smarter strategy.
Negatives of this move is less brown bags.

AVZ will launch a US$10Billion damages claim in the ICC against DRC if 13359 was taken/re-assigned from Dathcom.

I dont think it will. That would be a very dumb move by the MoM and set back the DRC and Presidents strategy of DRC being an International Greenhouse Solutions country. US and Europe would not be able to touch any resources from DRC be it Li, Cu, Au, Co. President is diversifying trade and investment away from 99% China to stronger relations with US and Europe and Middle East.

AVZ/Dathcom have complied with the requirements of the mining code and the JV Agreement. No legal basis for the title to be stripped from Dathcom JV and therefore if that happened massive damages claim even though that would take years to settle.

IGF investigation and report supports AVZ position in Dathcom JV.

DRC has Internationally lots at stake with this and their reputation. Action of the MoM i think is a warning to Dathcom JV to sort out the issues...but that is a catch 22 situation, as all of the JV ownership problems are related to the corrupt actions of its own politicians and senior Comminiere officials.

Good to see Marius is confident of sorting it out. DRC Announcement of Cabinet Reshuffle will be the start.

 

[Largus Averta]

What's the go with h00ts on HC?

He seems to be posting / have an agenda with AVZ...

I'm almost positive he got burned years ago on an African explorer/mine and now he's in "I told you so" mode.
He tries to be the "I'm so impartial" guy, but in this case I think he's got some deep seated issues, because now he seems to be digging the boot in, "Ya see! ya see! I warned you" style.
I've learned over the years, it takes a bigger man to say your peace and leave it at that.

I once warned some people about the 1st CEO of 14D, as I'd had some dealings with that narcissist. 2 or 3 posts to make sure they did due diligence on his self aggrandizements, then I left it alone. Did I go back and put the boot in when that fell in a heap? Narrrp.

 

[Samus]

No no no no no.
Fuck Zijin - cunts!

 

[Chilla]

I'm almost positive he got burned years ago on an African explorer/mine and now he's in "I told you so" mode.
He tries to be the "I'm so impartial" guy, but in this case I think he's got some deep seated issues, because now he seems to be digging the boot in, "Ya see! ya see! I warned you" style.
I've learned over the years, it takes a bigger man to say your peace and leave it at that.

I once warned some people about the 1st CEO of 14D, as I'd had some dealings with that narcissist. 2 or 3 posts to make sure they did due diligence on his self aggrandizements, then I left it alone. Did I go back and put the boot in when that fell in a heap? Narrrp.

He made some poor predictions a few years ago on AVZ and was hauled over the coals for it and roasted. He has had a pineapple up his arse ever since. He is so insecure he needs to constantly remind AVZ'rs of how many people follow him as some form of self worth and acknowledgement of his superior investing knowledge. Fact is he lost a lot on a QLD play which i cant recall the name of and it burnt him so bad he now is too frightened and insecure to trust his own ability to invest in individual stocks and only plays the indices i believe.

 

[Bull Market]

If a deal was to be done with Zinjin, do we still need CATH?

 

[DiscoDanNZ]

Just a prediction mate . AJN can get f--ked .

If AJN got there grubby hands on anything they would just flik it to the Chinese for sure!

Sounds like a win win for Nigel with his non conflicting 10% holding that's totally not a conflict because he nipped it in the bud at the AGM and said it totally isn't...

 

[Flight996]

In 1777, Samuel Johnson said "Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully"

When we look at the DRC's recent decision to cancel the ministerial decree awarding Dathcom a mining licence, that's a bit like an impending hanging for our management team. Based on their 2022 remunerations, particularly the number of free performance shares held, I am sure they are aware they have a lot to lose and will be acutely focused on this unfolding issue.

In 2022, AVZ dished out approx $2m in salaries and consulting fees to top mgt, plus 37,825,000 free performance shares (table 1), plus GOK how much in legal and other consulting fees.

And this is what it bought us: Two years behind schedule, construction at a standstill, suspended from trading for eight months, an impasse with an increasingly hostile DRC govt, under seige by 1.4 billion Chinese and a German, and everyone thinks we are the bad guys.

All we need now is a flood and a plague of locusts.

Cheers
F

Table 1. AVZ Top Management Remuneration (Ref: 2022 Annual report)

Name	2022 salary or consulting fees ($AU)	2022 Performance shares granted	other
John Clarke	120,000	6,750,000
Nigel Ferguson	440,000 (GST incl)	9,000,000
Johnston	385,000 (GST incl)	7,000,000
De Jager	363,000 (GST incl)	4,500,000
Cohen	225,000	1,575,000	Plus statutory superannuation
Rhett Brans	54,545	4,500,000
Peter Huljhich	60,000	4,500,000

 

[Chilla]

If a deal was to be done with Zinjin, do we still need CATH?

CATH is needed whatever happens...they are the biggest customer and will continue to get bigger.....so yes CATH are definitely needed.

 

[whales]

It will not be in Zijins interest to fuck around the mine build because the quicker it is built, the quicker they start printing money.

Exactly and the market will see this as a positive .Construction will occur quicker with Zijin holding 15 % in the project.

 

[ChrisU]

Anyone seen the letter by Cominiere, that MoM reference in decree Jan 28, 2023 regards 13359?

Do note Dathcom was not addressed in “ampliations” for above decree referenced. This is very strange, AVZ via Dathcom was not directly addressed.

The big question is, who does MoM recognise as Dathcom shareholders? Would be very telling

 

[Largus Averta]

I once warned some people about the 1st CEO of 14D, as I'd had some dealings with that narcissist. 2 or 3 posts to make sure they did due diligence on his self aggrandizements, then I left it alone. Did I go back and put the boot in when that fell in a heap? Narrrp.

Oh shit, I just checked and he's back in charge of 14D as of late last year. Oh gawd. Stay clear.

 

[ptlas]

He made some poor predictions a few years ago on AVZ and was hauled over the coals for it and roasted. He has had a pineapple up his arse ever since. He is so insecure he needs to constantly remind AVZ'rs of how many people follow him as some form of self worth and acknowledgement of his superior investing knowledge. Fact is he lost a lot on a QLD play which i cant recall the name of and it burnt him so bad he now is too frightened and insecure to trust his own ability to invest in individual stocks and only plays the indices i believe.

Pip trader
Simpleton charts

 

[timb89]

Pip trader
Simpleton charts

Current number of stocks I own = 1
Current number of stocks I actively spend any time discussing = 1

I don't get how little value some place on their free time. Hoots is an example of this.

 

[ptlas]

Sounds like a win win for Nigel with his non conflicting 10% holding that's totally not a conflict because he nipped it in the bud at the AGM and said it totally isn't...

But that's none of your business.
Don't you listen?

 

[Sammy_da_Smile]

Cap-Town : Antoinette N’Samba rassure sur la sécurité des investissements miniers en RDC

La ministre des Mines, Antoinette N’Samba a rassuré, mercredi 8 février, les opérateurs miniers sur la sécurité de leurs investissements en RDC. Elle a donné ces assurances au cours d’un petit-déjeuner thématique sur la RDC, organisé en faveur d’investisseurs miniers en marge de la conférence...

www.radiookapi.net

Unsure but kinda looks like Graeme sitting opposite MoM? Not the clearest photo

 

[TDITD]

What a rollercoaster of a week it's been. My first thoughts were to take a TO offer for the whole lot because Zijin will no doubt affect the construction timeline if they "lose" their share.

Then I was of the opinion to fuck Zijin and take this thing to ICC as long as it takes, but as everyone has suggested the MoM may be threatening lose of Dathcom ownership and Felix would have stepped in by now if he is to save the day.

It is looking more and more like there may not be around any of this without Zijin's involvement and the Dathomir claim is hanging around like a bad smell. Dathomir don't want to be involved with the project they just want money and Zijin just want to be involved no matter what so now Nigel needs to make his money.

- AVZ still have "legal title to 75%"
- Comineire sell 10% to Zijin and out of good faith they pay $100M to DRC for it. (Zijin also agree to pay 15% CAPEX).
- Comineire concede the remaining 5% to AVZ out of good faith (AVZ pay $50M)
- Zijin pay $50M to Dathomir as a condition of negotiation.
- All parties close ICC cases and sign conditions to not allow anymore ownership claims.
- AVZ only sell 9% to CATH (with a condition to still pay the $240M upfront but $150M under project payback conditions)

AVZ 71% / CATH 9% / ZIJIN 10% / DRC GOV 10%

No more ownership disputes.
No more concern about losing the northern half of 13359.
No interference from Zijin during construction as it is in their interests to succeed.

Coming in late and replying here b4 reading the rest of the thread so hopefully not going over something repetitively....

I agree to the notion, problem is it doesn't address the Zijin criminal bollocks anywhere near enough appropriately, or Comineire.

Additions:

For Zijin and Comineire they don't get arrested, fraud brought up an charged/tried before court, all charges in relation to the crimes commited around Manono dropped.

-Cominiere sell 10% to Zijin for $100Mil - this gets split 50/50 between Dathcom and Cominiere, (still over 50% more than Cominiere were willing to sell to Zijin for, remember they had two paid 'independent' valuations on it so they can't complain.)

-Zijin to cover their 10% of the project plus DRC 10% and a penalty 5% because their cunts (we can't use that reasoning though so maybe as a penalty for Illegal BS). They are also required to pay 25% for any expansions started within the next 5 years. *Zijin cannot refuse expansions

-Zijin settle with dathomir as penalty (lets face it dathomir will charge zijin peanuts, an fuck dathomir)

The rest I can put a rubber stamp on now if you like


-

 

[Chilla]

Cap-Town : Antoinette N’Samba rassure sur la sécurité des investissements miniers en RDC

La ministre des Mines, Antoinette N’Samba a rassuré, mercredi 8 février, les opérateurs miniers sur la sécurité de leurs investissements en RDC. Elle a donné ces assurances au cours d’un petit-déjeuner thématique sur la RDC, organisé en faveur d’investisseurs miniers en marge de la conférence...

www.radiookapi.net

Unsure but kinda looks like Graeme sitting opposite MoM? Not the clearest photo

View attachment 29123

Thats not Graeme. But the 'assurances' MoM gives better be more than lip service...the mining world is watching!

 

[CashKing]

Thats not Graeme. But the 'assurances' MoM gives better be more than lip service...the mining world is watching!

View attachment 29124

I'll fix/translate it for her..

"The DRC is truly the country where we only take action in exchange for massive paper bags full of cash & mainly from the Chinese" assured the Minister of Mines...

GLTAH

 

[Frank]

View attachment 29108

Antoinette N’Samba reassures on the security of mining investments in the DRC

The Minister of Mines, Antoinette N'Samba reassured, Wednesday, February 8, mining operators on the security of their investments in the DRC.

She gave these assurances during a thematic breakfast on the DRC, organized for mining investors on the sidelines of the Indaba international conference in Cape Town.

"The DRC is really the country where you have to invest", assured the Minister of Mines of the DRC during this exchange.

Antoinette Nsamba Kalambayi underlined that securing mining investments is of the utmost concern to the Congolese authorities.

“This security imperative should not be a one-way street.

All those who invest in the DRC must also attach great importance to the well-being of employees and local populations affected by mining activities,” she continued.

Glencore, Kibali Gold, MMG which produces copper thus recalled their investments in the DRC for the year 2021-2022 amounting to several billion USD for the 3 companies combined.

The Ministers of Finance, Industry, SMEs as well as the Governors of Lwalaba, Haut-Lomami and Haut-Katanga also took part in this lunch.

www.radiookapi.net/2023/02/08/actualite/economie/cap-town-antoinette-nsamba-rassure-sur-la-securite-des-investissements

 

[JAG]