AVZ Discussion 2022

[BRICK]

Our mate Kelly on LinkedIn has set up a survey.
Can’t share link sorry but here’s the image.

 

[Spikerama]

Maybe could say on the cheap or given away? Cheaply sounds a bit weird to me. Also you forgot to include snacks

I would prefer to say illegally but this is content directly from the translated version of the IGF report. I don't want to start saying stuff that's not IGF findings otherwise starts to get a bit one eyed.

I'm almost inclined to make the headline a question.

 

[JAG]

I would prefer to say illegally but this is content directly from the translated version of thee IGF report. I don't want to start saying stuff that's not IGF findings otherwise starts to get a bit one eyed.

I'm almost inclined to make the headline a question.

Hurry up @TDITD is on my case mate

 

[Carlos Danger]

Before anyone posts this can I get a sense check from @MoneyBags1348 please?

Is it accurate and fair? I had to paraphrase the copy to make it snackable. Once ok I will put it in the archive.

I will do a French version too.

If possible you should include the total loss of revenue for the DRC government according to the IGF report

This loss of 120m USD is the key thing the MoP is guilty of in the eyes of the IGF

 

[Spikerama]

Hurry up @TDITD is on my case mate

Ok @JAG @Carlos Danger
I'm shopping at the moment. Will fix it when I get back.

 

[Mr Inappropriate]

Our mate Kelly on LinkedIn has set up a survey.
Can’t share link sorry but here’s the image.

View attachment 30578

Not having a crack at you @MDRY, but this is a false equivalence. The question assumes that Zinjin has equal rights to Manono (assuming Manono = 13359) - they do not.

It would be a fair question if it were a sale by tender by the government where all applicants could apply on their merits - it is not.

A better poll could have been:

• Should the DRC follow the rule of law and grant the mining lease to AVZ, or
• Should the DRC ignore the law and corruptly hand the mining lease to Zinjin?

 

[marksmann007]

A bit over a week and a half ago we sent a combined effort letter to the AFR regarding the biased and compromised reporting of Tommy the twat and the serious errors and omissions in his articles regarding AVZ

Thank you to all who made contributions and suggestions for the content and also those who reviewed the various drafts....very much appreciated everyone

The letter was signed off by myself, ptlas and Dazmac66

For the record we received no response from the AFR so one can assume they couldn't give a rats or didn't want to acknowledge the issues raised

For those that are interested a copy of the letter is posted below

Feel free to use all or parts of the letter for your own purposes if it is helpful in any way

Cheers



Sent to the editor of the AFR:-


Dear Sir / Madam,

We would like to make a formal complaint about Tom Richardson of the AFR and his recent articles regarding AVZ Minerals. The 'stories' are extremely one sided, overly suggestive and have a number of factual errors or omissions.

For background AVZ Minerals (AVZ) is an Australian domiciled company that through its subsidiary AVZ International Pty Ltd holds a majority interest in the entity Dathcom Mining which has rightfully and legally secured tenement PE 13359 in the region of Manono in the Democratic Republic of Congo (DRC).

The tenement PE 13359 in Manono contains what is currently considered to be the world’s largest, known, hard rock, Lithium resource.

AVZ and its management have worked extensively to legally obtain the mining rights in relation to PE 13359 working closely with the DRC government, all relevant authorities, always adhering to the DRC mining code and at all times applying the provisions and guidelines of the DRC anti-corruption policy throughout its dealings and operations in country.

We would specifically like bring to your attention that over the last 6 years in the DRC, AVZ (in relation to the development of the Manono Lithium resource) has carried out the following activities:

• Soil Sampling
• Field Mapping
• Consulting
• Drilling
• Metallurgical Testing
• Completing a FEED Study
• Environmental Study and Impact Assessment Reports including Groundwater Management
• Completion of a 160 page Definitive Feasibility Study
• Liaising with the DRC Government with respect to a Special Economic Zone (“SEZ”) Agreement
• Tendering for Mining Infrastructure
• Legally Obtaining and Paying for an Increased Share of Dathcom Mining
• Obtaining Several Offtake Agreements for both Lithium and Tin
• Raising Capital, Negotiating Funding with Pan African DFI’s and a Funding and Offtake Agreement with CATH
• Presenting at the Battery Minerals Conference
• Legally Fulfilling all Requirements to Obtain the Mining License via Dathcom Mining
• Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report
• Investing over $100 million dollars in furthering the project; and
• Supporting the Local Community

Additionally, we note that the DRC state owned company, Cominiere, is working with the Minister of Mines, the Minister of Portfolio and the Director General of the DRC Mining Cadastre (CAMI) to effectively deny granting AVZ Minerals a mining license through its majority interest in Dathcom Mining held by its subsidiary AVZ International Pty Ltd.

The actions these participants are currently undertaking are explicitly in non-compliance with the DRC mining code and are blocking the rightful issue of the mining license. It should be noted that via official ministerial decree the mining license has effectively already been granted to AVZ, again this is through the majority interest in Dathcom Mining held by its subsidiary AVZ International Pty Ltd.

The actions of these participants has also allowed a Chinese company "Zijin" to fraudulently acquire 15% of Dathcom Mining for a fraction of its determined value as stated in the DRC Inspector General of Finance report released by the 'Inspection Générale des Finances' (IGF) headed by Jules Alingete.

The detailed accomplishments by AVZ and the results of the DRC Inspector General of Finance report were not commented on by Tom Richardson in any of his articles, to allow readers a fair and un-biased view of the Company.

We note the recent ruling against the AFR for very similar reporting where Justice Anna Katzmann found that the articles were "spiced with an account of suspicious circumstances" against a politician. And that, "The ordinary reasonable reader is prone to loose thinking and reads between the lines. And that is precisely what the respondents encouraged them to do. This article was awash with innuendo."

While we encourage the truth to be reported about ongoing events, we would expect these reports to be factual and unbiased without leading the readers to a specific view or opinion – including a fact-check and review on the sources/tip offs that journalists may receive.

Additionally, it has come to our attention that there may be a relationship between Tom Richardson and short sellers that could well be considered as colluding. The concern is that the journalist may be using their position and influence to benefit the short sellers and negatively impact the companies or assets they are reporting on. This type of behaviour raises serious ethical questions and could lead to the dissemination of false or misleading information.

Furthermore, we are concerned about the lack of disclosure of this relationship between Tom Richardson and the short sellers. Financial journalists have a duty to disclose any conflicts of interest to ensure that their reporting is impartial and trustworthy. The lack of disclosure in this case could be interpreted as an attempt to conceal the relationship and further undermine the credibility of financial journalism.

In relation to the preceding disclosure matters it has become abundantly clear through the content of Tom Richardson’s articles that there is an undeniable connection between the material he uses as reference and information published/provided/leaked by the veiled and secretive short selling entity Boatman Capital. The complete lack of disclosure regarding this connection and the serious implications contained therein are inherently disturbing.

We note that our concerns are in accordance with the following paragraphs of the Charter of Editorial Independence, as noted on the AFR’s website:

1. That Nine publicly declare a commitment to the fundamental and longstanding principle of editorial independence.
2. That Nine acknowledges that journalists, artists and photographers must record the affairs of the city, state, nation and the world fairly, fully and regardless of any commercial, political or personal interests, including those of any proprietors, shareholders or board members.
3. That the editors must at all times carry out their duties in a way that preserves the independence and integrity of the mastheads.

We respectfully request the AFR investigate and review the serious matters raised in this letter.

Regards,

That is absolutely brilliant Winenut & others who compiled this letter.

I’m very appreciative of the time and effort going into defending what’s ours across all platforms by our gun posters.
What a shame AVZ doesn’t employ a few of you guys for marketing & media..
It’s clear to see the silent treatment hasn’t worked for management unfortunately.

 

[Spikerama]

If possible you should include the total loss of revenue for the DRC government according to the IGF report

This loss of 120m USD is the key thing the MoP is guilty of in the eyes of the IGF

View attachment 30579

Carlos correct me if I'm wrong but I don't recall anywhere in the report it regards the sale as illegal. I really want to say illegal if it has been deemed to be.

 

[The Fox]

Let me know when its ready to go spike..... @TDITD and I are ready to spam the DRC

Yeh, Spike them !!

 

[Spikerama]

Let me know when its ready to go spike..... @TDITD and I are ready to spam the DRC

Nearly got the English on sorted mate. Hang 5

 

[Samus]

Carlos correct me if I'm wrong but I don't recall anywhere in the report it regards the sale as illegal. I really want to say illegal if it has been deemed to be.

AVZ's argument is that the sale is in violation of our preemptive rights, it's a bit long-winded but you could say that if you don't want to use illegal.

 

[Spikerama]

AVZ's argument is that the sale is in violation of our preemptive rights, it's a bit long-winded but you could say that if you don't want to use illegal.

That's a very good point mate but AVZ didn't generate or have a hand in the IGF report so safer to stick to the facts until the ICC hearing proves one way or another. Cheers though. I will keep it in mind for something else.

 

[MoneyBags1348]

That's a very good point mate but AVZ didn't generate or have a hand in the IGF report so safer to stick to the facts until the ICC hearing proves one way or another. Cheers though. I will keep it in mind for something else.

IGF Report states

“In violation of legal provisions”

You can throw this quote in where you feel it is best placed

@LithiumKing just added a few more names of corrupt arseholes on twitter to the twitter dirty dozen thread if anyone wants to check their names

@Frank recently told me about two people that started to follow him on twitter, who I’m pretty sure are sus, but I didn’t add them to the thread.

That’s me out of here for today fellas

 

[Spikerama]

IGF Report states

“In violation of legal provisions”

You can throw this quote in where you feel it is best placed

That’s me out of here for today fellas

Bags is that in relation to the sale of the shares or the squandering of the proceeds? Or both?

Never mind. Found it.

 

[MoneyBags1348]

Bags is that in relation to the sale of the shares or the squandering of the proceeds? Or both?

Page 5 (11.3)

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/638ee2df77e76824d82d6fff/1670308576126/20221130+-+IGF+Report+on+the+Management+of+DRC+Mining+Assets+by+COMINIERE+SA+-+ENG.pdf

Open the link (above) to the report, you can use those words in in context

I have to go now Spike

 

[Carlos Danger]

Carlos correct me if I'm wrong but I don't recall anywhere in the report it regards the sale as illegal. I really want to say illegal if it has been deemed to be.

What the IGF are saying is that the MoP should have followed the law to find out the correct valuation that was known to the market from Dathcom's DFS. By failing in her duty to safeguard the state's interest it has resulted in a loss of revenue of $120m for the DRC government. Whether what the MoP did in regards to the valuation is illegal is up to Congolese constitutional scholars but she definitely didn't do her fucking job.

The IGF don't care about AVZ's FROR. They are focused on stopping corruption bleeding the coffers of the DRC. This report wouldn't have been written if Zijin had the decency to at least pay the correct price when rat fucking us. Try to link the language you use to the outrage that is happening on social media about the Sicomines report.

China wins through corruption

DRC loses because of selfish politicians

Same problem. Same outcome.

 

[CHB]

Guys, what's the cost of placing ads in DRC paper? I'm open to chipping in

 

[Spikerama]

@Carlos Danger @JAG

It's alright I found at the very end of the report he basically admits that this was "indeed illegal" so I'm golden.

It is now up and available in the Assets Thread. Have at it.

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

 

[Mr Inappropriate]

Guys, what's the cost of placing ads in DRC paper? I'm open to chipping in

I had a similar thought myself. I’m open to it.

 

[Uglybob]

Maybe summarise with cliff note, ie:
Sold well under market value.
The deal has Dubious legality.
The money never made it into the public coffers.
The poor stay poor.