AVZ Discussion 2022

[The Fox]

We are no longer fighting for the 15%, but for much more. Nigel himself said that CATL can live with 9% and the missing 15% is not an obstacle to starting the project once the ML is there. I'm sure that we are currently fighting for the entire project because the situation has completely slipped away from us. And that unintentionally. AVZ simply relied on people who didn't manage to assert themselves. AVZ trusted them blindly, invested in them and were sure that everything would go the way AVZ imagined. I think that Eckhoff and Hjulich recognized early on that AVZ was being ripped off and therefore left the company because they knew what was to come.
Acknowledging Zijn's 15%, I agree with you, is the only way to move forward on this. Even if AVZ wrongly agree to the procedure and support criminal things. In my opinion, this is our only and last chance. Unfortunately, court cases are gambling these days. Judges often make decisions based on instinct. They also cost a lot of time and money and unfortunately we don't have much of either anymore.

You forgot to mention the threat of Ebola Peter, please ensure you don't overlook such issues in your future posts. (and the likelihood of a NEO hitting the DRC as well) Warm regards

 

[CashKing]

Be nice if our MD or BoD grew a pair & actually did something for their pay ,nothing in 3 months since pic with Mr Pei at lift in AVZ office …like a bunch of grinning idiots …Accountability or we going to drift by into March with SFA news …Sorry but how damn hard is it to get anything done by our BoD , have we actually got anyone in the DRC

Yeah that bloke & he’s team we just paid $1million bucks to isn’t it !!!

FFS

 

[Carlos Danger]

From the 2018 Mining Code
Article 62: Conditions for the renewal of the Research Permit
The Research Permit is renewable provided that the holder :

a. has not failed to comply with its obligations to maintain the validity of the permit under sections 196 to 199 of this Code by submitting:
- proof of the certification of commencement of work duly issued by the Mining Cadastre ;
- proof of payment of annual surface fees per square and tax on the area of mining and hydrocarbon concessions.
b. submits a report of the research carried out during the previous period of validity of his title and the results obtained ;
c. submits a timetable for carrying out the research work ;
d. proves the effective opening of a Research Centre duly certified by the local authorities and the Provincial Mines Division;
e. has not failed in its fiscal, parafiscal and customs obligations;
f. identifies the remaining phases to be completed to reach the final stage of reserve certification and the development of feasibility studies;
g. presents the supplementary budget in relation to the programme of research work corresponding to the remaining phases listed above.

The application for renewal of the Research Permit is sent by the applicant to the Mining Cadastre at least three months and not more than six months before the date of expiry of the Permit, and must contain the the following information:
a. the particulars provided for in subparagraphs b and c of Article 35 of this Code;
b. the number of squares to be renewed and their location ;
c. the identity of the companies ;
d. the nature, number and size of the perimeters of the Research Permits held by the holder and his affiliated companies.

On the occasion of renewal, the holder of the Research Permit automatically renounces at least 50% of the perimeter covered by his permit and must develop and obtain the approval of the revised Mitigation and Rehabilitation Plan for the proposed activity, before continuing the work mining research.

The Mining Regulation determines the terms and conditions of the deposit, admissibility or inadmissibility, the investigation, the decision to renew the Research Permit as well as its registration and display.

Thank you good sir.

"On the occasion of renewal, the holder of the Research Permit automatically renounces at least 50% of the perimeter covered by his permit and must develop and obtain the approval of the revised Mitigation and Rehabilitation Plan for the proposed activity, before continuing the work mining research."


Maybe this is the clause that puts a spanner in the works.......


imo

This doesn't really apply because Dathcom were going for a PE, not a renewal of the PR. We lost 50% of the other tenements around Manono with this exact process. I don't think there was ever any claim that the north had been split again. AJN's application was for the whole north area as shown on the CAMI portal.

The question is does a partial waiver automatically start the PR process again?

Nigel wants the partition to stand so management must be confident of retaining the north if they can successfully have the MoM's new decrees overturned. Or maybe they only really want the south and don't care about the north because it's haunted by mica.

 

[Winenut]

That’s only for a research permit ; it’s the reason we lost 50% on the extensions I.e . Leaving it too long and not doing anything and having to renew

Case in point tenements 4029 and 4030

 

[Winenut]

So many of us busy,busy,busy working all day...... and all night!!!

No rest for the wicked!

 

[Rediah]

We need more awareness, and soon common people will start asking questions, then these politicians will realise that its these people that have the power to bring them in power and not chinese.

 

[CashKing]

So many of us busy,busy,busy working all day...... and all night!!!

No rest for the wicked!

The amount of research done by some posters here and the bird is absolutely amazing, the documents, screen shots, the info intel is on point and bugger knows how some of you get it all but a BIG THX…

It kinda makes me wonder if Nigel gets he’s info first hand through everyone’s social media research also !!! WTF HEY…

I mean FFS he’s usually got a big smirk on he’s face like he knows something or what’s going on but nothing ever gets fucking said, I guess the CAT has got he’s tongue most of the time but bloody hell it’s getting a bit old…

I just want this mess fucking sorted wtf….

I get what’s going on but FFS it’s been fucking ages!!!! Are we actually going to wait for ICC….. Fuck what a Poker Game this has become…… Even the dealer is saying hurry the fuck up cunts….

Rant over Cheers

GLTAH

 

[Spikerama]

Ok guys and gals and everyone in between. I have created a new thread as requested that will contain all of my social media assets I create going forward. Only the current counters are there for now but I will add other things later that all can use on social posts.

AVZ Assets for Social Media Campaign

Hi everyone. As requested here is a thread that will contain all the links to the assets I have been creating. Feel free to use them throughout social media whenever and whereever you see an opportunity. If I can make one suggestion it is if you are going to screen shot them and post the image...

thestockexchange.com.au

Enjoy.

 

[Winenut]

The amount of research done by some posters here and the bird is absolutely amazing, the documents, screen shots, the info intel is on point and bugger knows how some of you get it all but a BIG THX…

It kinda makes me wonder if Nigel gets he’s info first hand through everyone’s social media research also !!! WTF HEY…

I mean FFS he’s usually got a big smirk on he’s face like he knows something or what’s going on but nothing ever gets fucking said, I guess the CAT has got he’s tongue most of the time but bloody hell it’s getting a bit old…

I just want this mess fucking sorted wtf….

I get what’s going on but FFS it’s been fucking ages!!!! Are we actually going to wait for ICC….. Fuck what a Poker Game this has become…… Even the dealer is saying hurry the fuck up cunts….

Rant over Cheers

GLTAH

So true!

Just for the record I don't count myself amongst the hard workers

I'm here for some comic relief........ (and the occasional rant )

But much respect for those who put in the genuine effort for all the "right" reasons

Some are working very hard in the "broader interests of all honest shareholders"

Others....not so much

May the good prevail!!!

 

[CashKing]

So true!

Just for the record I don't count myself amongst the hard workers

I'm here for some comic relief........ (and the occasional rant )

But much respect for those who put in the genuine effort for all the "right" reasons

Some are working very hard in the "broader interests of all honest shareholders"

Others....not so much

May the good prevail!!!

Yeah I noticed that “Nige” character didn’t last to long around here

Mate I got modded for calling out Goldman Sachs BS on HotCrapper last night on CXO & didn’t even swear wtf, Must be a few of them on that shit site, haven’t bothered checking AVZ threads over that way as it’s just a mess, Mods are seriously Fucking twisted over there, glad I left posting on AVZ…

GLTAH

 

[Xerof]

I don’t mind confessing I reported her

Fuck off Linda

Arsehole

 

[Samus]

At the heart of the battle for control of Manono lithium by China in the Democratic Republic of Congo:​

February 19, 2023 Jeef Kazadi

• What does the Chinese company Zijin actually want from the Congolese Cominière SA and Dathcom Mining?
• Who are the key players in a hostile takeover that looks like a toxic robbery? Decryption

(By Simon Bofunga, Jeef Kazadi, Ben Khaya)

China first, Congolese people ignored​

As in the copper, cobalt and zinc sector of the Democratic Republic of Congo (DRC) where this Chinese company is at Kamoa-Kakula and Kipushi Company with Ivanhoe Mines, at Compagnie
Minière de Musonoie with Gécamines as well as other Chinese GEC who control the industrial copper and cobalt of the country at Sicomines (Chinese Contract or Contract Mines against Infrastructures) and block the General Company of Cobalt to continue to also control copper and cobalt crafts, by the Chinese from Kolwezi called ''SOLEIL'' (he is reputed to be the true king of mining crafts and casions in upper Katanga and Lualaba, according to LICOCO which carried out a survey in the two provinces with the Presidential Anti-Corruption Agency– APLC for at least six months), with Congolese accomplices who are members of the institutions of the Republic, Zijin who never invests in mining exploration and research, like any good Chinese in Africa, but excels in violations of laws and of human rights in China and in host countries, wants to help China get its hands on Manono's lithium thanks to Congolese service and non-patriots interested in the illicit enrichment facilitated by the famous Chinese of the country.

From Perth to Manono: Max Pro 1.0 remake of the battle for control of KML at KCC​

After failing to buy several stock shares of AVZ on the Australian Stock Exchange in Perth and after failing to pressure other shareholder Chinese companies ( Huayou and CATHL ) to enter the shareholding of Dathcom Mining by irregularly buying shares of Cominière SA to control the largest lithium deposit in the world thanks to the vigilance of the Australian stock market regulator – AVZ has more than 21,000 shareholders from several nationalities and continents including Americans, Australians, Europeans, Chinese, etc. .-, and after having failed in its attempt to directly buy 15% of Cominière SA in Dathcom Mining SA thanks to the right of first refusal ofAVZ Minerals which would ultimately benefit the Republic and Cominière SA if the accounts of the shares are well done without emotions, Zijin has decided to proceed with its malicious and toxic offer, which is in reality a criminal OPA (Public Takeover Offer) and policy supported by politicians including the Chinese ambassador in Kinshasa, the Minister of the Portfolio Adèle Kayinda in collusion with some political dignitaries who have been members of the Union for the Congolese Nation since 2021 known to all those who are interested in the file, reminding insiders of that which Glencore made against the Forrest Group for the control of Katanga Mining Limited and Kamoto Copper Company(KCC of Kolwezi) almost fifteen years ago with the support of politicians who considered themselves strong men of the regime if not immortal untouchable demiurges.

Klaus Eckoff's 2020 AJN Resources skirmish at Sokimo​

However, Zijin 's takeover is more like a robbery against the mining assets of First Quantum Minerals (FQM) by a third party with the help of politicians and technicians from the companies concerned and the mining cadastre.
Some official actors in the administration of mines have not changed heads and methods, although a similar takeover bid by the German and Canadian company AJN Resources of Klaus Eckoff failed in 2020, on the assets of Sokimo to raise 20 million Canadian dollars, thanks to the decisive vigilance of the NGOs and media members of the "TOUS POUR LA RDC" coalition , which had welcomed the salutary and patriotic decision of the Head of State Félix Antoine Tshisekedi taken thanks to the explanations of some ministers of the time (Ilunga Ilukamba Government) including Mr. Lite, Mwabilu, Kambinga and Kabanda while those of the mines, Kitobo and Portfolio, Kwete did not play fair and had an ambiguous attitude.

The United States of America and Canada opposed to Chinese control of the lithium supply chain since 2022​

Indeed, allowing Zijin to succeed in its takeover bid for Cominière SA 's 15% stake in Dathcom Mining for 33.4 million US dollars despite the denunciations of the IGF or giving it the northern part of Dathcom Mining 's operating license as says a so-called “confidential” document with content published by Congolese media including EcoNews , Sphynx.cdand others means undermining the efforts of the President of the Republic Félix-Antoine Tshisekedi against corruption, the selling off of mining assets and the cleaning up of the sector according to his vision; but it is above all to oppose the government of the Republic and President Tshisekedi to the American administration and the Canadian government which do not want China to control critical minerals, mainly lithium and rare earths, and strategic after cobalt and the copper.
La Cominière SA and all official supporters of Zijin must thoroughly research the Executive Order signed in 2022 by US President Biden and the measures taken by the Canadian government of Trudeau against Chinese and Chinese-invested companies in this regard and avoid put Westerners on the back of the President of the Republic who is doing a remarkable job in the mining sector.
All official members of the parliamentary and government coalition must avoid repeating against Félix-Antoine Tshisekedi what the late Katumba band (some are still in post at strategic services of the Ministry of Mines) had done at First Quantum Minerals (FQM ) and at Kamoto Copper Company (KCC) by putting on the back of Joseph Kabila in 2009-2010 Canadians and Europeans on the eve of the general elections in the country. We must not repeat the evil, especially in the strategic lithium sector for the benefit of China (through Zijin , reputed to be a great violator of laws and human rights in Kolwezi and elsewhere) which already controls more than 90% of the copper and cobalt of the DRC bySicomines, TFM, Kamoa, Compagnie Minière de Musonoie, Ruashi Mining, AMC Kinsevere, Huachin Mabenda, etc.

Who are the key players in Zijin's lithium heist of Manono, Dathcom Mining and AVZ Minerals?​

The question seems banal or vulgar but it is rather important, fundamental. The answer to this helps to understand everything that is happening in easy French for dummies in the mining sector of the DRC and the geostrategic stakes, because the actors of what looks like a game of chess or the Stratego otherwise who loses wins are recruited in several circles, in several places. After investigations, cross-checking of data and testimonies, analysis of various documents, the rest of our publications look into it.
As a reminder, history will remember that on May 20, 2022, the international media Citya.m was already talking about '' a Chinese plot to take control of the Congolese lithium mine '' .
This media affirmed in its publication with premonitory paces this:
"A plot by a coalition of powerful Chinese battery makers to take control of the world's largest lithium mine is threatening to depress the share price of Australian mining company AVZ Minerals, it said. a mysterious short seller.
AVZ Minerals could lose control of the Manono lithium mine in the Democratic Republic of Congo (DRC) and end up with a minority stake of 36%…, if a plot led by Chinese businessman Simon Cong succeeds, has said Boatman Capital Research in a new report.
The report comes amid a battle for control of the DRC mine between AVZ Minerals and Chinese miner Zijin Mining, which has seen AVZ voluntarily suspend trading of its own shares on the Australian Stock Exchange.
In its new report, Boatman Capital Research claims that AVZ is ''deliberately ousted from the Manono project''…''
Simon Congo is the Chinese called Cong Mao Huai, known as the owner of Fleuve-Congo Hotel in Kinshasa; owner or manager of SOPECO which manages the main tolls in the DRC; headliner of Dathomir (shareholder with Guy Loando Mboyo's family in Dathcom Mining ) denounced in the IGF report on Cominière SA ; headliner of mining companies HongKong Excellen Mining Investment Congo and HongKong Yisen (in which the name of Guy Loando was among the shareholders according to the documents consulted by the investigators), having benefited in an irregular and mysterious way from the mining permits of Dathcom Mining according to reports fromthe General Inspectorate of Finance (IGF) from 2022 and the Superior Council of the Portfolio from 2021, and other mining and various operational companies in the Democratic Republic of Congo. File to follow, file to read.
(A survey conducted by NGOs and Congolese Civil Society Platforms CDH, CERN/CENCO, ESPOIR ONGD, JUSTICIA, MAX IMPACT, LICOCO, POM, RCEN, RND, TPAMC, TOUS POUR LA RDC and the media Congo Nouveau, Leaders, MNM who follow the Cominière Dossier and Dathcom Mining)

Leaders - Au cœur de la bataille pour le contrôle du lithium de Manono par la Chine en République Démocratique du Congo :

Que veut en réalité l’entreprise chinoise Zijin chez la congolaise Cominière SA et chez Dathcom Mining

leaders.lu

 

[CashKing]

I don’t mind confessing I reported him

Good, and I’m glad fuckwits don’t last long around here.. It’s like the opposite of HC, they love Fuckwits over that way for some reason….

Let’s hope this shit gets sorted ASAP & a “Just Outcome” as Nigel says comes quicker than a Milf on heat at the Breakwater Pub on Australia Day…….


GLTAH

 

[Spikerama]

Hottcopper vs TSE be like.

 

[CashKing]

Hottcopper vs TSE be like.

Ahhh how we entertain ourselves while this bullshit continues….

I’m glad we consider ourselves much more normal than the other side…..Well I do most of ya …

Hope Nige is reading himself & trying to figure out how to get out of this mess

GLTAH

 

[John25]

Yeah that bloke & he’s team we just paid $1million bucks to isn’t it !!!

FFS

Yes Cash …the MD & BoD paid day is SOON …until 1 day it will run out …are we getting value for $$$$$$ last year is the last time we’ve seen our leadership team …grinning like idiots with Mr Pei …the shit show was held for…suppose for Nige baby too spend a few more weeks in Australia for his 60th …but where are they NOW …where’s our Leadership /accountability …Sorry for being SO negative thats why i dont post that much …also having too go back to work at 62

As you know …NEVER been a fan of our Leadership (lack of) team ,hope they choke on their cash

 

[Samus]

“The cobalt and copper deposits of the contract are valued at more than 90, China 97% and DR Congo 3%. »

SICOMINES, imaginary figures on the barter of the century China / DR Congo win / lose!​

February 21, 2023
Kiki Kienge

By Kiki Kienge
What will the Congolese Justice do to this report of the IGF, will it react for the rights of the Congolese people, or the report will also be locked up in the territories of the institutions as usual following political pressure.
“The misfortune of the Congolese people is their political class. The majority, more than 90% of the people who are part of the political class, promote mediocrity, promote hooliganism, public governance through corruption. » Jules Alingete, chief inspector of the IGF.
Namely, one of the levers that remains in the DR Congo to put pressure on the consortium of Chinese companies, is the non-renewal of the operating permit at Sicomines.
According to Mr. Alingete, chief inspector of the IGF (General Inspectorate of Finance), the Sino-Congolese agreement is not a contract between two states, Chinese and Congolese. But a Congolese government contract with Chinese companies.
The cobalt and copper deposits of the WIN-WIN contract are valued at more than US$90 billion. On assets, China has 97% and DR Congo 3%. Chinese companies in exchange should build 5,000 social housing units, 145 health centers, 31 hospitals with 150 beds, 3,500 km of rail and the same km for roads, rehabilitation and construction of at least 4 airports, construction of 2 universities, construction of 2 hydroelectric dams…
Sicomines has declared that in 15 years it has built infrastructures of the order of US$822 million, of which in reality it is only worth US$300 million, given the over-invoicing and non-realizations. The stadiums of Goma, Bukavu and Bunia declared already realized for a value of 30 million $US, have never been built to date.

The CEO of Sicomines is a Chinese citizen, the CEO a Congolese. But then when the CEO is absent, he leaves the interim and the signature to a Chinese director who must order his Congolese CEO.
Chinese companies in 15 years have already collected more than US$10 billion. 9 billion US$ of revenues (earnings) from the exploitation of Congolese cobalt and copper in Greater Katanga, were found in an account in Dubai which was used to pay Chinese companies.
Sicomines notably sells its production of Congolese minerals at half price (50%) to Chinese barter partner companies (win-win), which resell them in China at 100%, the Congolese State has lost more than US$7 billion on this merry-go-round.
The DR Congo to bring cobalt and copper deposits from Katanga worth US$90 billion, Chinese companies should bring in fresh capital for the exploitation of Sicomines, but they went to raise funds on the stock market and others with the Sicomines contract for only the construction of infrastructures, when the fresh capital should be used for the operation of Sicomines. Reimbursement of funds for the construction of infrastructure should be reimbursed on the part of the Congolese State would gain in the exploitation of cobalt and copper.
Jules Alingete, the chief inspector of the IGF, noted in particular that there would be programs included in the Sino-Congolese contract signed in 2007, which today in 2022 and 2023 would be financed by the new government of Sama Lukonde and even other programs under the Felix Tshisekedi regime. .

SICOMINES, des chiffres imaginaires sur le troc du siècle Chine/RD Congo gagnant/perdant ! - Kongo Presse

Par Kiki Kienge Que fera la Justice Congolaise fasse a ce rapport de l’IGF, va-t-elle réagir pour les droits du peuple Congolais, ou le rapport sera aussi enfermé dans des…

kongopress.com

 

[CashKing]

Yes Cash …the MD & BoD paid day is SOON …until 1 day it will run out …are we getting value for $$$$$$ last year is the last time we’ve seen our leadership team …grinning like idiots with Mr Pei …the shit show was held for…suppose for Nige baby too spend a few more weeks in Australia for his 60th …but where are they NOW …where’s our Leadership /accountability …Sorry for being SO negative thats why i dont post that much …also having too go back to work at 62
View attachment 30246
As you know …NEVER been a fan of our Leadership (lack of) team ,hope they choke on their cash

Nigel won’t let it run out mate, We have the 50mill bank if we need but I’d say it’ll be all over before we need to access any of that, let’s hope it’s soon huh, Common Nigel Fuck us off out of this mess and yourself…

You lay with dogs you get fleas unfortunately…..

Maybe it’s not the time !!!!

GLTAH

 

[ptlas]

Fool me once, shame on you. Fool me twice, shame on me. Hope you are on the money this time Deboss.

Why would he be??
At RS or AGM he, along with other large holders, had obviously been unknowingly primed by BoD.

I then read, I think here, that his wealth is all his wife's.

No skin in the game, however likes being ' in the know'.

But a broken clock....

 

[Flight996]

View attachment 30240

Case in point tenements 4029 and 4030

It's a slow Tuesday, so here is a little math around the potential loss of 50% of perimeter due to not meeting the requirements of the mining code:

While the northern section is not a perfect rectangle, let's assume it is for ease of calculations (otherwise we would need to use integration, and I can't remember any of that stuff anymore. I'm lucky to remember where I live).

If the perimeter is reduced by 50% (ie. 0.5), the the area within the perimeter is reduced by 0.5^2 (ie. 0.25 or 25%)
Therefore the tenement area is reduced by 25%, rather than 50%.
So the area within the tenement boundary will be a bit more or a bit less than 75% of the original area.

Cheers
F

I hope that made sense, and happy to be corrected if my high school math is wrong.