AVZ Discussion 2022

[geo_au]

@Spikerama

It looks like Frank and Sammael have given you some good information for your next presentation
Here's a short summary from me if it's any help....


Chinese companies ripping off the DRC continue to insult the Inspector General of Finance

A recent letter to the President of the DRC from Chinese mining companies once again insults Jules Alingete, claiming the Inspector General of Finance makes baseless accusations against the Chinese.

The letter goes on to imply that the Congolese Government is not fulfilling its responsibilities and obligations and claiming that the Commissions conducted by the IGF disregard international practices.

Even more absurd is that these Chinese mining companies are claiming that the DRC's right to sharing in the benefits from its resources has made all the Chinese mining companies "worried and even frightened"

I doubt anyone in world believes that the Chinese are worried or frightened about anything given their invasion of Tibet and claims the South China Sea and Taiwan are under their control. We are all blatantly aware of their lack of answerability, accountability and morals

Any Chinese company linked to the CCP is corrupt, immoral and have no ethics. They are also thieves who prey on the vunerable and don't give a damn about the countries they operate in.

 

[wombat74]

I know the structure of the finance was an ATM (at the market) offering

Here's some detail from the Official Company Ann

View attachment 32072
View attachment 32073

Unfortunately from that I can't directly answer the question on whether things can happen whilst we are suspended but it provides some info for further follow up

Well thats one side of the agreement (AVZ's) . I think they left out some of Acuity Capitals side of the agreement . I'd say this cannot come into effect until the ML is secured .

 

[JAG]

Any Chinese company linked to the CCP is corrupt, immoral and have no ethics. They are also thieves who prey on the vunerable and don't give a damn about the countries they operate in.

 

[wombat74]

View attachment 32078

Guess who's next ?

 

[JAG]

 

[Frank]

@Spikerama

It looks like Frank and Sammael have given you some good information for your next presentation
Here's a short summary from me if it's any help....


Chinese companies ripping off the DRC continue to insult the Inspector General of Finance

A recent letter to the President of the DRC from Chinese mining companies once again insults Jules Alingete, claiming the Inspector General of Finance makes baseless accusations against the Chinese.

The letter goes on to imply that the Congolese Government is not fulfilling its responsibilities and obligations and claiming that the Commissions conducted by the IGF disregard international practices.

Even more absurd is that these Chinese mining companies are claiming that the DRC's right to sharing in the benefits from its resources has made all the Chinese mining companies "worried and even frightened"

I doubt anyone in world believes that the Chinese are worried or frightened about anything given their invasion of Tibet and claims the South China Sea and Taiwan are under their control. We are all blatantly aware of their lack of answerability, accountability and morals

*To Remind,

Gong Qingguo and his legion had better watch out, while at the Presidency, at Finance, at the IGF as well as the DGI and the DGRAD, the reaction was unanimous: "Chinese companies must stop behaving as licensed fraudsters and comply with the Laws of the country".

Food for thought

Frank

 

[JNRB]

Dated March 5, 2023, the Chinese USMCC letter signed by Gong sent to PR05 @fatshi13 is written between the IGF invitations issued to Simon Cong MaoHuai toll companies and the meeting held on March 6. Chance or panic?
@Presidence_RDC
View attachment 32047 View attachment 32048 View attachment 32049

They haven't actually denied it.
Typical China. Just try and redirect attention with a bunch of anxious hand-waving

 

[Bin59]

@ALINGETEJULES_K , thank you ! For the work that @IgfRdc does under your leadership. Starting with case $AVZ , #SICOMINES , etc., there are so many Congolese who are inspired by your work, and hoping that @AssembleeN_RDC gives you the power of anticipatory arrest.

 

[JAG]

Guess who's next ?

 

[JAG]

UNTIL

 

[Li-AusPol]

Well thats one side of the agreement (AVZ's) . I think they left out some of Acuity Capitals side of the agreement . I'd say this cannot come into effect until the ML is secured .

I recall Nigel saying something along the lines that the shares have already been allocated for the ATM facility (in escrow maybe??) so the company will be able to accress the 50 mil even if we are not trading.

I also recall Nigel saying that in 3 mths time (post RS) if there is no ML the company will start cost cutting to conserve cash flow….. it’s been over 4mths now and nothing hasn’t been announced (hoping this is happening behind the scenes).

Others who were at the Brissy RS might confirm the above

 

[Mr Inappropriate]

Is it just me or does it feel like the calm before the (shit) storm?

Dated March 5, 2023, the Chinese USMCC letter signed by Gong sent to PR05 @fatshi13 is written between the IGF invitations issued to Simon Cong MaoHuai toll companies and the meeting held on March 6. Chance or panic?
@Presidence_RDC
View attachment 32047 View attachment 32048 View attachment 32049

Two things:

1. What a steaming pile of rancid word-salad this is:
“They are willing to take effective measures to further develop mutually beneficial and win-win cooperation, to make a tangible and tangible contribution to economic development and to improving the business climate of the DRC.”

What effective measures? Quitting their graft and corruption? Paying their dues? Obeying the law?

2. I notice that they don’t address the substance of the accusations and offer only platitudes and vaguely threatening words.

What a bunch of arseholes.

 

[Doc]

I recall Nigel saying something along the lines that the shares have already been allocated for the ATM facility (in escrow maybe??) so the company will be able to accress the 50 mil even if we are not trading.

I also recall Nigel saying that in 3 mths time (post RS) if there is no ML the company will start cost cutting to conserve cash flow….. it’s been over 4mths now and nothing hasn’t been announced (hoping this is happening behind the scenes).

Others who were at the Brissy RS might confirm the above

At Sydney RS Nigel mentioned that they’d be doing a financial audit every 3 months if still in suspension and then take cost cutting measures as needed.

 

[cruiser51]

Two things:

1. What a steaming pile of rancid word-salad this is:
“They are willing to take effective measures to further develop mutually beneficial and win-win cooperation, to make a tangible and tangible contribution to economic development and to improving the business climate of the DRC.”

What effective measures? Quitting their graft and corruption? Paying their dues? Obeying the law?

2. I notice that they don’t address the substance of the accusation and offer only platitudes and vaguely threatening words.

What a bunch of arseholes.

I thought along the same lines, it would have been smarter for Cong to keep his mouth shut, not a very diplomatic effort.

It would have been smarter to do a deal and produce what was promised, because that is what the DRC is after.

 

[Peterg]

I recall Nigel saying something along the lines that the shares have already been allocated for the ATM facility (in escrow maybe??) so the company will be able to accress the 50 mil even if we are not trading.

I also recall Nigel saying that in 3 mths time (post RS) if there is no ML the company will start cost cutting to conserve cash flow….. it’s been over 4mths now and nothing hasn’t been announced (hoping this is happening behind the scenes).

Others who were at the Brissy RS might confirm the above

Yes that's what I heard.

 

[wombat74]

I recall Nigel saying something along the lines that the shares have already been allocated for the ATM facility (in escrow maybe??) so the company will be able to accress the 50 mil even if we are not trading.

I also recall Nigel saying that in 3 mths time (post RS) if there is no ML the company will start cost cutting to conserve cash flow….. it’s been over 4mths now and nothing hasn’t been announced (hoping this is happening behind the scenes).

Others who were at the Brissy RS might confirm the above

Cutting costs I think means no more drilling after this batch is done . So naturally from April the expenditure will be cut .It's not coming from salary sacrifice or flying cattle class . Nigel is cunning with his words . The RS/ AGM was a master class.

 

[ptlas]

Guess who's next ?

I thought along the same lines, it would have been smarter for Cong to keep his mouth shut, not a very diplomatic effort.

It would have been smarter to do a deal and produce what was promised, because that is what the DRC is after.

But that is reflective of an arrogant twat who's used to getting/ bullying his own way.
Happy for Cong to continue this shite because it will only rile the Congolese.

 

[John25]

Really …Honestly …how long do we have to put up with this shyte …First we have dont abuse Felix then a weeks amnesty…Elections coming up ,FFS someone from our Leadership team or MM go on the front foot & say you want evidence of corruption …how far you want to dig “How many ministers do you want too loose “FFS it should be gloves go off with this indecisive prick .He’s up too his neck in this 10+ months now ,the only losers are us SH’s some with literally $millions tied up ….Another day of SFA…Had a bad day at work …can you tell …Should’nt be ***** working

 

[Winenut]

Really …Honestly …how long do we have to put up with this shyte …First we have dont abuse Felix then a weeks amnesty…Elections coming up ,FFS someone from our Leadership team or MM go on the front foot & say you want evidence of corruption …how far you want to dig “How many ministers do you want too loose “FFS it should be gloves go off with this indecisive prick .He’s up too his neck in this 10+ months now ,the only losers are us SH’s some with literally $millions tied up ….Another day of SFA…Had a bad day at work …can you tell …Should’nt be ***** working
View attachment 32119

I hear ya' brother

 

[wombat74]

Really …Honestly …how long do we have to put up with this shyte …First we have dont abuse Felix then a weeks amnesty…Elections coming up ,FFS someone from our Leadership team or MM go on the front foot & say you want evidence of corruption …how far you want to dig “How many ministers do you want too loose “FFS it should be gloves go off with this indecisive prick .He’s up too his neck in this 10+ months now ,the only losers are us SH’s some with literally $millions tied up ….Another day of SFA…Had a bad day at work …can you tell …Should’nt be ***** working
View attachment 32119

Think about it this way , within the next 4 to 6 weeks you are going to know if you've done your doe or not . IMO