AVZ Discussion 2022

TheCount

Regular
The new ministrial decrees removes 1 the splitting of 13359 and 2. restores the whole of 13359 .
According to the minining act the splitting of the tenement was illegal.
AVZ has done all the other pre requisites to obtain the mining licence .
So does the MOM now have 30 days from the additional new decrees to issue the Mining Licence ?
As this is according to the mining act .
I think we’ve all seen enough to understand there are NO RULES they can adhere to, not give a fuck about. The fucking Wild West ain’t got nothing on these crooks.

And still the guy supposedly running the Country turns his back on the issue and orders another in-flight meal…. Fucking useless kunt.

TC.
 
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TDITD

Top 20
Gday wombat74 ,
Can you please name who you think would want to buy us out , & what price do you think they would offer ?
In my opinion I think it would only be a chinese company that would ever make an offer , & that they wouldn't offer any more than $1 . A chinese company is never going to offer double what we are valued now . I don't want AVZ to be taken over ... unless we are well into production & properly valued .
I don't think Jin cheng really want to go to the ICC (especially after the letter that surfaced yesterday) ,& that they are trying their hardest to get us to fold before that date , but they themselves won't concede up until the very last minute . I'm hoping the BoD hold firm , because if this ever goes to the ICC re true ownership etc , I don't think Jin cheng would stand a chance . Jin cheng shouldn't own 1% of this project as they have done nothing apart from lie , cheat & pay bribes to try to steal it from us .
I was looking at a chinese crested dog, it was staring back at me. Suddenly it put its paw forward and dragged it along the ground in a motion. I was a bit perplexed at seeing this so started walking closer. The Chinese crested dog had just finished as I stopped by its paws. It had written...
$10

No more silly talk about how little they will offer please, pretty please, for the love of all things priced $10. As we KNOW the BOD will not sell this for double what it is now, they have communicated this on many occasions. Its baffling why we continue to talk the price down when in-fact we own the asset, we can sell for what we want, not what we are given. $10

Agree on the rest though, ICC isn't what Zijin want, they will get floored, embarrassed, rag-dolled, the closer we get the more desperate they are.
 
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Winenut

Go AVZ!
Do we know if Felix is aware of what is going on or is he too busy with other issues in the DRC that the AVZ saga is low priority or not his problem, he has Ministers to handle our problem or let the ICC handle it completely?
Who judges the wrong doing and rights the wrongs? It appears there is a lot of evidence in AVZ favor but how do we get back on track?
Are we relying on people that have stabbed us in the back already?
You'd think Felix would be aware of the world's largest known hard rock lithium deposit in his own backyard that has world interest, Chinese all over it, various parties clamouring for control, international court cases and arbitrations in place, investigations and reports by the department he specifically pumped up in the IGF to weed out corruption as he happens to be spruiking the world stage for investment in mining in the DRC

Yeah he's fucking aware of Manono and AVZ and what's going on

Problem is.... he's done FUCK ALL about it.....
 
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Her intentions can’t be what she would like it to be, it must be within the constraints of the mining code or all hell will break loose for the DRC mining sector and future investment.
Playing on the big stage now with rules to follow and consequences if you don’t.
The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

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CHB

Regular
The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

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IMO

There is no point looking at compliance with mining codes or law if the past 12 months is to go by.

DRC will do what DRC wants.
 
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The MoM didn't reference anything in the mining code as the reason for cancelling the old decrees. She specifically cites the need for harmony and healthy cooperation within Dathcom which is described in the Dathcom Stakeholder Engagement Framework.

I've been unable to find anything in the mining code relating to whether cancelling a decree using a section of a JV agreement as a reason is allowed or not but Section 1.1 of the Dathcom SEF or something similar in the Dathcom JV agreement (which I don't have a copy of) is what she is talking about in the new decrees imo

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Another thing. We are basing the idea that the partition was illegal on Nigel's comments at the AGM that splitting the tenement because of drill lines isn't in the mining code. Which is true.

However, partitioning a tenement is legal as long as the applicant signs a waiver. Which Dathcom did although allegedly under false pretenses. We really need to see declaration no 8196 and any other accompanying paperwork to find out exactly what was legally agreed to.

Because unless there is an iron clad guarantee that Dathcom retain ownership of the north then the DRC government can still enforce the waiver signed by Dathcom. They may not do that but ultimately they could as it stands if the waiver isn't specific imo

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IMO

There is no point looking at compliance with mining codes or law if the past 12 months is to go by.

DRC will do what DRC wants.
It would seem that AVZ management disagree with your assessment based on the official announcement regarding this matter
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CHB

Regular
It would seem that AVZ management disagree with your assessment based on the official announcement regarding this matter
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They can disagree all they like.

They've shown that they're not willing to take the fight with DRC. Will they if(big if) we lose the resource? Possibly?

But DRC would just fight/pay out from their coffers and the world keeps moving.
 
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They can disagree all they like.

They've shown that they're not willing to take the fight with DRC. Will they if(big if) we lose the resource? Possibly?

But DRC would just fight/pay out from their coffers and the world keeps moving.
Hard to disagree with that sentiment

But I think the ICC is the last resort for everyone involved and we are more likely to see some sort of deal made before it comes to that
 
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CHB

Regular
Hard to disagree with that sentiment

But I think the ICC is the last resort for everyone involved and we are more likely to see some sort of deal made before it comes to that

Definitely. Let's hope it's an amount that will at least leave late comers with a profit
 
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Definitely. Let's hope it's an amount that will at least leave late comers with a profit
I was thinking more a deal where AVZ are mining but if that's not possible then yes an out of court settlement is preferable to an actual hearing at the ICC
 
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Winenut

Go AVZ!
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Onthefm

Regular
Qq
Probably best we don't give Tommy too much oxygen then....
Q⁶
God forbid he should provide misinformation.....

You'd think Felix would be aware of the world's largest known hard rock lithium deposit in his own backyard that has world interest, Chinese all over it, various parties clamouring for control, international court cases and arbitrations in place, investigations and reports by the department he specifically pumped up in the IGF to weed out corruption as he happens to be spruiking the world stage for investment in mining in the DRC

Yeah he's fucking aware of Manono and AVZ and what's going on

Problem is.... he's done FUCK ALL about it.....
That's the only thing in all these negative articles that is constant that Manono is the biggest hard rock lithium resource in the world. Not bad advertising if you are wanting to sell.
 
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ptlas

Regular
Gday wombat74 ,
Can you please name who you think would want to buy us out , & what price do you think they would offer ?
In my opinion I think it would only be a chinese company that would ever make an offer , & that they wouldn't offer any more than $1 . A chinese company is never going to offer double what we are valued now . I don't want AVZ to be taken over ... unless we are well into production & properly valued .
I don't think Jin cheng really want to go to the ICC (especially after the letter that surfaced yesterday) ,& that they are trying their hardest to get us to fold before that date , but they themselves won't concede up until the very last minute . I'm hoping the BoD hold firm , because if this ever goes to the ICC re true ownership etc , I don't think Jin cheng would stand a chance . Jin cheng shouldn't own 1% of this project as they have done nothing apart from lie , cheat & pay bribes to try to steal it from us .
And Fatty has a fast approaching election.
Tick tock.
 
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ptlas

Regular
I think it's now coming down to a game of brinkmanship.
Our opponents, and I include the DRC in that, have court cases and elections approaching.

Assuming that all is as it appears with AVZ finances then I would not expect BoD to blink first. They've played a pretty tight game upto now, so I don't see it changing.

BTW We have now gone from $10-12 TO to hoping that the offer is x. Where x means we get something.
Come on, we've been on a hell of a journey together and now it will end with criminals deciding the price.
NO FUCKING WAY.
An asset is not worth what a potential purchaser offers, it is worth what both parties agree is fair value.
If they don't agree, then it is not sold and it's value is hypothetical.

$10 unless Wino has increased the price.
 
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ptlas

Regular

What the fuck is this @Zeebot.... I asked you months ago to suspend me because I told you I was addicted to this fleabag wanna be journalistic rag. You cunt this is your last chance to suspend me now I've got this evidence on you
Maybe he's afraid to remove a Top 20.

You're a hostage to your own 'success' mate.
 
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Bin59

Regular


Cancellation of EP 13359: DATHCOM staff react to the decision of the Minister of Mines​

February 15, 2023 TIGHANA MASIALA 0
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Ms. Antoinette N'Samba Kalambayi, Minister of Mines

The cancellation of the Exploitation Permit (PE) granted in April 2022 to the mining company DATHCOM, which proposes to develop lithium in Manono, in the province of Tanganyika, has provoked a strong reaction from this company, since its HQ in Australia. It was Nigel Ferguson, presenting himself as the president of DATHCOM MINING SA, who was responsible for reframing the Minister of Mines, Antoinette N'Samba Kalambayi, pointing out serious irregularities in her decision. Here is the replica of DATHCOM. No comments.

To her Excellency the Minister of Mines of the DR Congo

Concerns: Acknowledgment of receipt of Ministerial Orders No. 00032/CAB.MIN/MINES/01/2023 of January 28, 2023 reporting that of April 07, 2022 taking note of the declaration of partial waiver of Exploration Permit No. 13359 by the company DATHCOM MINING SA and Ministerial Order n°00031/CAB.

MINES/MINES/ 01/2023 of January 28, 2023 relating to that of April 25, 2022 granting Exploitation Permit No. 13359 to the company DATHCOM MINING SA.
Excellence Madame la Ministre,

I.INTRODUCTION
  1. The company DATHCOM MINING SA acknowledges receipt in a state of shock and surprise your two Irregular Ministerial Orders in form and in substance while it was waiting to be notified on the calculation of surface rights that the Cadastre was in the process of carrying out Mining.
  2. DATHCOM fiercely opposes your approach that violated the relevant provisions of the Congolese Minier Code, which it intends to demonstrate in the following lines.
II. THE FACT OF THE PRINCE AND THE POLITICAL DIMENSION OF YOUR DECISION
  1. We feel like we are the victim of a political decision whose real etherious motivations we do not know.
  2. Your two ministerial orders show that all these facts are constitutive of the "prince facts" because, without any legal basis and are not based on the Mining Code as amended in 2018:
    4.1. The fact that you have responded to the request of the company "COMINIERE SA" which is not a holder of mining securities and therefore you create dangerous case law to receive the request from a shareholder whose acts are not allowed by the Mining Code but also whose status of Mr. Célestin KIBEYA is called into question because it is not appointed by "Presidential Ordinance" as required. Despite this irregularity, you nevertheless made these decisions that cannot survive in legal trade or produce its effects.
    4.2. The fact that you have based your two orders on issues of "conflicts between shareholders" that are not conflicts of your jurisdiction and therefore unknown reasons in the Congolese Mining Code as known to date.
III. ACQUIRED RIGHTS AND SURVIVAL OF THE GRANT DECISION NO. 00145/CAB.MINES/MINES/O1/2022 OF APRIL 25, 2022 GRANTING THE OPERATING PERMIT NO.133S9 TO THE COMPANY "DATHCOM MINING SA"
  1. The Democratic Republic of the Congo through its constitution dated February 18, 2006 as amended by Law No. 111/O02 of 20 January 2011 is a rule of law and therefore, your Excellency is subject to its own laws.
  2. One of the provisions you ignored in the two decrees is that the person you seized, in this case Mr. Célestin KIBEYA, had to have a "quality" based on the Presidential Ordinance appointing him out of respect for the principle of formal parallelism in place of Mr. Athanase Mwamba who has remained to date Director General ai In the eyes of the law. This reason makes your two orders irregular in the form.
  3. The reasons raised, in particular the conflicts between shareholders, are purely and simply unknown by the Mining Code, being a special law that derogates from common rights and requires strict application, the only reasons for which are in particular the "non-payment of surface rights" and "non-start of work", which is not the case here and allows us to affirm that the grant decision remains intact in the
  4. To return to the State, it is important to remember that your aforementioned Decrees violate the Mining Code, which takes care of framing the "the report of mining rights". To this end, Article 48b in fine provides that mining and/or career rights may be withdrawn or reported, without retroactive effect, by the granting authority in the event of illegality at the time of granting, within three months of the publication of the grant decision in the Official Journal or failing that, within three months of the date of knowledge of its existence, either at the request of an
  5. It follows from this provision that the only hypothesis of "report of mining rights or careers enshrined in law is illegality at the time of granting", in this case, the rights may be reported either at the request of a third party injured or on your initiative, within three months of the publication of the grant decision in the Official Journal or after the date of knowledge of the existence of the grant decision
  6. You will find that your grant decision was taken on April 25, 2022 and three months after July 25, 2022 and in case of "illegality at the time of grant". The decisive acts that are the "cadastral notices", "environmental opinion", "technical opinion" and "compliance notices" remain valid to date and have never been declared illegal and no reason or illegal character in the granting procedure is the responsibility of your two decrees and DATHCOM has never been notified of any case of illegality at the grant.And you cannot ignore that the withdrawal of regular individual
  7. This is quite abnormal, and legally unsustainable, that your jurisdiction can leave unexecuted an act that it has enacted and whose legality is not in the shadow of any doubt because it is over the three favorable opinions, and that you can begin on a painful and perilous approach to try to assess, a posteriori, the legality of your decision, especially since
  8. In addition, the simple basic rules have not been respected, in particular the rights of the defense and your Excellency did not even deign to call the applicant to hear her version of the facts and the Mining Code has established the principle that decisions must be reasoned and so today nor the reasons purely under company law raised by Mr. Célestin KIBEYA (whose personal reasons remain obscure)
  9. Moreover, your two decrees contradicted each other technically, so the decree 00032 on the renunciation should precede that of the grant decision 00031 thus making these decisions technically difficult to execute because we cannot report the grant decision and therefore there is no longer a grant or permit decision and therefore the decree 00032 reporting the one on the renunciation cannot come chronologically after.
IV. PRELIMINARY ADMINISTRATIVE APPEAL
  1. This is worth recourse for justice to be done, it is up to you to choose the path of reason within the framework of the right business climate and to leave it to the appropriate authorities, which are within the reach of COMINIERE, to be able to implement their legal skills to resolve this conflict between DATHCOM shareholders rather than paralyzing this great historical project that feeds the hope
    Hoping that this will receive your special attention, please accept, Excellency the expression of our best regards.
    For DATHCOM MINING SA
Edit: The numbering is incorrect compared to the original article - refer to the link for the correct numbering
 
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Winenut

Go AVZ!
I think it's now coming down to a game of brinkmanship.
Our opponents, and I include the DRC in that, have court cases and elections approaching.

Assuming that all is as it appears with AVZ finances then I would not expect BoD to blink first. They've played a pretty tight game upto now, so I don't see it changing.

BTW We have now gone from $10-12 TO to hoping that the offer is x. Where x means we get something.
Come on, we've been on a hell of a journey together and now it will end with criminals deciding the price.
NO FUCKING WAY.
An asset is not worth what a potential purchaser offers, it is worth what both parties agree is fair value.
If they don't agree, then it is not sold and it's value is hypothetical.

$10 unless Wino has increased the price.
Well I haven't increased the price but TITS did add the Zijin premium if those bastards want to buy $12 $12 $12
 
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