AVZ Discussion 2022

[cruiser51]

I don't think the Omni Bridgway class action currently has any form

Applications to sign up and participate don't close until 31 March 2023

It might not get off the ground

Although Tommy from the AFR lied (in print in the AFR) and said on 17th March that AVZ faces a class action from Omni Bridgeway

Wow!!

He must be Nostradamus......the closing date for applications to further the action haven't closed but apparently AVZ already faces a class action from Omni Bridgeway according to Tom Richardson

I wonder if Tom will predict the legal action against him and the AFR for publishing lies and falsehoods with regard to AVZ with close to two weeks to go before applications close to determine if the Omni Bridgeway class action will even go ahead???

How can Tom Richardson and the AFR state as fact something that hasn't happened and may not ever happen?????

And even if a class action eventuates haven't Tommy and the AFR already made accusations and promoted potential falsehoods as facts "in print" weeks in advance of any possible reality???

I think Tommy and the AFR need to check in with their lawyers

Better get a lawyer son......better get a real good one.....

Interesting story in the AFR about another class action:

Mr Goodhead said he still hoped BHP would agree to start negotiating a settlement, and accepted that this might come in below the £36 billion claim.

But he said the firm had the funding to push on into the courtroom if necessary, as the case is backed by hedge funds and other investors who bankroll the suit in the expectation of taking a cut of the winnings.

Investors on board​

“There has probably now been north of £70 million that has been invested into the case by hedge funds and litigation funds and others behind us,” Mr Goodhead said.

“If this carries on for another two, three years, I expect that number is going to triple. It’s going to cost us £150 million, £200 million if this goes all the way to trial. Inevitably, those investors want a substantial return on that capital.”


In other words hedge funds are backing class action litigation to take a punt and the other winners are the lawyers, they win both ways.
It is obvious the claimants are just props in this theatre play.
It has absolutely nothing to do with justice, it is just another growth industry.

Looks like class action court cases is more lucrative than mining lithium.

 

[Spikerama]

 

[Underwaterdark]

All of my best guesses have gone out the window lately.

But my list of near term hopes/wishlist are as follows:

BOD to put out an announcement that says:
-We have sat down with CAMI and MOM etc and have a clear path forward, we have to do X and Y to get the mining licence sorted and have clarified what happened with the orders for 13359.

-From these discussions, MOM and CAMI understand the situation better and realize that the "shareholders" of Dathcom aren't bickering, simply one is acting in a fraudulent way to the other. (refer to IGF etc)

-Given the clarity on the position of the ML, we will recommence trading on XX, with ML expected on XX date based on the above.

-Would also love to see an announce that says that we have sat down with Govt/Felix etc to re-affirm our position.

Sure the price will drop (or at least be very turbulent) on opening, but our position itself isn't any worse than it was in April/May last year.
(and we will be in production a year or so later than expected-a negative factor)
-We still hold 13359
-We have progressed the drill results further. (proven resource gets better and better)
-The future 15% with the ZIJIN involvement was never ours in the prior situation (we will have a clear path forward with ICC)
-The prior 15% with Dathomir will be clarified with the ICC, providing it is not resolved out of court prior.
-CATL/Mr Pei still on board.
-Construction etc is ready to go.
-There are stellar revised DFS and BFS to look forward to.

Given the shareholding issues, I cant see anyone lining up for a TO, unless it was CATL/Mr Pei or Zijin, until its clarified or someone has enough money to make all the issues go away for the respective shareholders.

But at the very least, I think all this doom and gloom on HC and Twitter about not trading until Sept 24 is wild.
None of the correspondence points to them electing to be in a trading halt until Sept 24, just that some items may not be resolved until then.
Maybe the BOD have been smarter (this time) and set the expectations as low as possible, so they will look like fractional heroes delivering earlier.

Once we have the clear path forward and can start ticking boxes again, the sentiment will be much better.
As opposed to jumping over hurdles we should never had to have and slinging mud etc.

 

[cruiser51]

Gunmen Kill 9 Chinese at Mine in Central African Republic​

March 19, 2023 5:24 PM

• Associated Press

---

Bangui, Central African Republic

BANGUI, CENTRAL AFRICAN REPUBLIC —
Gunmen stormed a Chinese-operated gold mining site that had recently been launched in Central African Republic, killing nine Chinese nationals and wounding two others Sunday, authorities said.

However, the rebel coalition initially blamed by some for the attack put out a statement later in the day. Without providing evidence, it accused Russian mercenaries from the Wagner Group of being behind the violence.
The attack early Sunday came just days after gunmen kidnapped three Chinese nationals in the country's west near the border with Cameroon, prompting President Faustin Archange Touadera to plan a trip to China in a bid to reassure investors.

The assault on the Chimbolo gold mine began around 5 a.m. when the gunmen overpowered the site's guards and opened fire, said Abel Matipata, mayor of the nearby town of Bambari, located 25 kilometers (16 miles) away. The mining site's launch had taken place just days earlier, he added.

The bodies of the victims were brought to the capital, Bangui, later Sunday. Local authorities said they were pursuing the assailants but declined further comment. Residents said that the violence was the latest incident undermining confidence in security forces.
"The government is having difficulty proving its ability to protect Central Africans and foreigners living in the country," said Ange Morel Gbatangue, a resident of Bambari.

There was no immediate claim of responsibility, but suspicion fell on the Coalition of Patriots for Change, or CPC, which is active in the area and regularly launches attacks on the country's armed forces. The alliance of rebel groups is aligned with former President Francois Bozize.
Anselme Bangue, who supports the current president's administration, called the attack on Chinese businessmen an act of "indescribable cowardice."

"The CPC has not only slowed down the country's economic momentum but is now attacking the foundation of development. This is unacceptable," Bangue said.
However, CPC military spokesman Mamadou Koura said those allegations were false. He claimed without evidence that Russian mercenaries had planned the attack "with the goal of scaring Chinese who have been present long before the Russians settled in this part of the country."
The shadowy Russian mercenary group was hired by Touadera to provide security and military training but has been accused by U.N. observers of committing human rights abuses including massacres.

Central African Republic remains one of the poorest countries in the world despite its vast mineral wealth of gold and diamonds among others. A myriad of rebel groups have operated with impunity across the embattled country over the past decade, thwarting mining exploration by foreign companies.

Many of those now operating in the country are Chinese-run and have faced security challenges. In 2020, two Chinese nationals died when local residents led an uprising against a Chinese-operated mine in Sosso Nakombo. And in 2018, three Chinese citizens were killed by angry community members after a local leader died in a boating accident while accompanying Chinese miners to a site.

 

[cruiser51]

Dada the same person who speaks today for COMINIERE, before Technical Director and today DG ai should be in Makala according to Justice. Nga te Mbadi na lobi...

Yes Celestin from the interview, who tells fibs about how much AVZ paid Cominière for the 60% of Dathcom.

Going through the annual reports 2017, 2018, 2019 and 2020, one can see the amounts paid to Cominière, ie US$ 6 million and not the
US$ 350,000 Celestin mentions.

Where did the remaining money go?
To the same accounts the Zijin money went?
Maybe he remembers from A to B, but miraculously didn't arrive at B, as he explained in the interview.

Fuckin idiot, that doesn't need translation 'an idiot' is 'un idiot' in the DRC!

Quoting Tommy the twat in his defence interview, was a great move ffs.
It was more like throwing poor Tommy under the bus and telling the driver to do some doughnuts to make sure Tommy couldn't incriminate the people he writes for any further.

 

[BEISHA]

@BEISHA and I have been doing it for months.
All of this shit is on his watch.

Seems that the confirmation bias is finally lifting in the cold light of day.

Everyone else kisses the rs of FT etc because somebody on social media says that somebody said that etc etc... usual shit.

Thank God for MB laying it all out so clearly.

Join the dots, they spell:

"AS CORRUPT AS FUCK"

Still optimistic, just think it's gonna drag on for more than a couple of months.

@MoneyBags1348

Regardless if and when AVZ regains its rights to Manono, FT complete inaction over the last 3.3 years with his mandate to quell corruption has resulted in his reputation being severely tarnished, the reputation of the DRC within the international community regards to mining investment goes further down the mire ( if thats even possible ) , the balance sheet continues to leak hundreds of millions of dollars , possibly billions and the locals continue to suffer dire lifestyle consequences............

Its complete insanity and its all on FT watch..............what a utter wanker that prick is and a complete traitor to his country along with his multiple, unscrupulous corrupt ministers who continue to live a a lavish lifestyle on the back of the corrupt chinese actors who run the country unabated!!

When is that thick dick head going to learn that the chinese are using and abusing ?

Anyway, on to other topic matters.......

Thank fuck for small mercies that AVZ is still in lock down the last few weeks, cause the MACRO has completely shat itself, with 3 banks in the US on death row, causing contagion world wide, lithium sector has been smashed in particular with the double whammy of lithium spot prices diving more than 50% from their highs..........

Here is a couple of MACRO charts illustrating the carnage..........


That being said, both these charts are now over sold, which means a bullish wave up is just around the corner, representing a ideal situation if the Dathcom partners / DRC govt finally get their shit together , come to a agreement and get Roche Dure into construction ASAP, or we run the risk of missing out once again on a bullish cycle............which would result in me completely losing my shit !!!


FT , you hopeless fuck.....................PULL YOUR FUCKING FINGER OUT !

Or you dont have a hope of being re- elected............

 

[obe wan]

Gunmen Kill 9 Chinese at Mine in Central African Republic​

March 19, 2023 5:24 PM

• Associated Press

---

Bangui, Central African Republic

BANGUI, CENTRAL AFRICAN REPUBLIC —
Gunmen stormed a Chinese-operated gold mining site that had recently been launched in Central African Republic, killing nine Chinese nationals and wounding two others Sunday, authorities said.

However, the rebel coalition initially blamed by some for the attack put out a statement later in the day. Without providing evidence, it accused Russian mercenaries from the Wagner Group of being behind the violence.
The attack early Sunday came just days after gunmen kidnapped three Chinese nationals in the country's west near the border with Cameroon, prompting President Faustin Archange Touadera to plan a trip to China in a bid to reassure investors.

The assault on the Chimbolo gold mine began around 5 a.m. when the gunmen overpowered the site's guards and opened fire, said Abel Matipata, mayor of the nearby town of Bambari, located 25 kilometers (16 miles) away. The mining site's launch had taken place just days earlier, he added.

The bodies of the victims were brought to the capital, Bangui, later Sunday. Local authorities said they were pursuing the assailants but declined further comment. Residents said that the violence was the latest incident undermining confidence in security forces.
"The government is having difficulty proving its ability to protect Central Africans and foreigners living in the country," said Ange Morel Gbatangue, a resident of Bambari.

There was no immediate claim of responsibility, but suspicion fell on the Coalition of Patriots for Change, or CPC, which is active in the area and regularly launches attacks on the country's armed forces. The alliance of rebel groups is aligned with former President Francois Bozize.
Anselme Bangue, who supports the current president's administration, called the attack on Chinese businessmen an act of "indescribable cowardice."

"The CPC has not only slowed down the country's economic momentum but is now attacking the foundation of development. This is unacceptable," Bangue said.
However, CPC military spokesman Mamadou Koura said those allegations were false. He claimed without evidence that Russian mercenaries had planned the attack "with the goal of scaring Chinese who have been present long before the Russians settled in this part of the country."
The shadowy Russian mercenary group was hired by Touadera to provide security and military training but has been accused by U.N. observers of committing human rights abuses including massacres.

Central African Republic remains one of the poorest countries in the world despite its vast mineral wealth of gold and diamonds among others. A myriad of rebel groups have operated with impunity across the embattled country over the past decade, thwarting mining exploration by foreign companies.

Many of those now operating in the country are Chinese-run and have faced security challenges. In 2020, two Chinese nationals died when local residents led an uprising against a Chinese-operated mine in Sosso Nakombo. And in 2018, three Chinese citizens were killed by angry community members after a local leader died in a boating accident while accompanying Chinese miners to a site.

must of ran out of bullets

 

[cruiser51]

must of ran out of bullets

Could have been Chinese weapons, with Russian bullets, a real international event.

Maybe Xi tells Putin the fuck off.

 

[Rediah]

Life is precious, loss like this is always a tragedy especially happening in a foreign land away from the loved ones under those circumstances, no one deserves this.

We know Africa is not safe but same goes for America, such are the risks. It goes without saying that most of us, we are against the Chinese system and not their people, condolences to the family of the deceased, and we hope things will get only better from here on for all parties.

 

[Bonsoir]

Life is precious, loss like this is always a tragedy especially happening in a foreign land away from the loved ones under those circumstances, no one deserves this.

We know Africa is not safe but same goes for America, such are the risks. It goes without saying that most of us, we are against the Chinese system and not their people, condolences to the family of the deceased, and we hope things will get only better from here on for all parties.

I don’t know, I would go pretty close to endangering some of these corrupt knts lives that have put us in this peril.

Handful of corrupt pricks to gain enormous wealth at the expense of thousands of investors lives trying to do things the legal way.

 

[Doc]

@MoneyBags1348

Regardless if and when AVZ regains its rights to Manono, FT complete inaction over the last 3.3 years with his mandate to quell corruption has resulted in his reputation being severely tarnished, the reputation of the DRC within the international community regards to mining investment goes further down the mire ( if thats even possible ) , the balance sheet continues to leak hundreds of millions of dollars , possibly billions and the locals continue to suffer dire lifestyle consequences............

Its complete insanity and its all on FT watch..............what a utter wanker that prick is and a complete traitor to his country along with his multiple, unscrupulous corrupt ministers who continue to live a a lavish lifestyle on the back of the corrupt chinese actors who run the country unabated!!

When is that thick dick head going to learn that the chinese are using and abusing ?

Anyway, on to other topic matters.......

Thank fuck for small mercies that AVZ is still in lock down the last few weeks, cause the MACRO has completely shat itself, with 3 banks in the US on death row, causing contagion world wide, lithium sector has been smashed in particular with the double whammy of lithium spot prices diving more than 50% from their highs..........

View attachment 32651

View attachment 32652

Here is a couple of MACRO charts illustrating the carnage..........


That being said, both these charts are now over sold, which means a bullish wave up is just around the corner, representing a ideal situation if the Dathcom partners / DRC govt finally get their shit together , come to a agreement and get Roche Dure into construction ASAP, or we run the risk of missing out once again on a bullish cycle............which would result in me completely losing my shit !!!


FT , you hopeless fuck.....................PULL YOUR FUCKING FINGER OUT !


View attachment 32653

Or you dont have a hope of being re- elected............

That’s a quality spray, nice one

 

[Frank]

The production of electric batteries and green hydrogen discussed at the Primature

The production of electric batteries and green hydrogen in the Democratic Republic of Congo was at the center of discussions at the Primature on Saturday, with a delegation from "Fortescue Future Industries" (FFI) led by its president, Andrew Forrest.

“We are indeed great specialists in green hydrogen which is a kind of energy storage.

This is also how we specialize in batteries for electric vehicles, batteries which are another energy storage mechanism, but the most important thing for us is to do it in the DRC, to be able to create jobs here and create added value here in the Democratic Republic of Congo", declared the Chairman of FFI, at the end of the hearing.

“We had an excellent meeting with the Prime Minister.

Of course, we talked about the very large INGA project and quickly we understood together that we must move forward, but also we proposed to the Prime Minister a faster project for the rehabilitation of a turbine on INGA 2 to be able to transform there Congolese raw materials (cobalt, nickel and others) to produce new generation batteries,” explained Andrew Forrest.

It was in the presence of some members of his Cabinet.

FFI, which is committed to producing green, carbon-free hydrogen from 100% renewable sources, intends to launch its activities in the Democratic Republic of Congo.

Prime Minister Sama Lukonde who gave relevant directives to follow, welcomed this initiative of Fortescue Future Industries.

“The Prime Minister who received us, encouraged us very seriously, and gave the directives with which we are going to move forward.

He is a man of action, a great leader, we are happy“, concluded the issue of FFI, interpreted by the Congolese economist Al Kitenge.

FFI is a global green energy company operating in over 25 countries.

This Australian firm is working to build a portfolio of renewable hydroelectric, geothermal, wind and solar assets on a global scale.

mediacongo

 

[BEISHA]

DRC-Zambia: The ambitious battery and electric vehicle value chain project soon to be implemented. The signing between the parties to the project takes place on March 27 in Kinshasa. This signature will be part of the launch of the pre-feasibility study 1/2

2/2. Signataires : RDC, Zambie, Commission économique des nations unies pour l'Afrique et Afreximbank (Conseil des ministres)

Where will they find the lithium for this " ambitious battery and electric value chain" ?

The solution is obvious, DSO ready if must be, but 10 months on...........zzzzzzzzzzz

Unbelievable.

When will the ugly duckling finally realise it should be a swan ?

 

[FilthyRich2]

Same theme on signing on the 27th just different source in major newspaper on Battery Manufacture

La RDC, la Zambie, la Commission Economique des Nations Unies pour l’Afrique et Afreximbank signent le 27 mars à Kinshasa l’accord sur la création des ZES dédiées à la production des précurseurs pour batteries véhicules électriques

La signature de l’Accord-Cadre relatif à la création des Zones Économiques Spéciales dédiées à la production des précurseurs pour batteries, des batteries et véhicules électriques entre la République Démocratique du Congo, la Zambie, la Commission

actualite.cd

The signing of the Framework Agreement on the creation of Special Economic Zones dedicated to the production of precursors for batteries, batteries and electric vehicles between the Democratic Republic of Congo, Zambia, the United Nations Economic Commission for Africa and Afreximbank is scheduled for March 27, 2023 in Kinshasa.

This signature will be followed by the launch of a pre-feasibility study. The purpose of this study will be to develop an implementation plan and an operational model for the creation and operation of the transboundary SEZ. It will also aim to identify key challenges to facilitate the creation and operation of the transboundary SEZ. The study will also make it possible to develop a financing plan and fundraising strategies, as well as to design a strategy to promote investments dedicated to the SEZ.

"The electric battery market is a big market, if we manage to capture only 10% of this market and inject into the Congolese economy, it will be a boom. When you see the GDP of all of Africa it is less than 2 trillion or at most 2 trillion. This is less than Japan's GDP of 4 trillion, Japan has a GDP higher than all African countries, which is unacceptable. It is projects like this that will help Africa if we make an African value chain that takes all the countries producing these components that go into manufacturing, "explained the Minister of Industry, Julien Paluku Kahongya.

The DRC is engaged in a long campaign to mobilize partners and will thus inaugurate the implementation process of the ambitious Batteries and Electric Vehicles (BVE) value chain project.

As a reminder, for the 2023-2024 fiscal year, the country intends to install the first manufacturing plant for electric battery precursors. This is the priority of the CWC Board of Directors and Management Committee.

Perhaps more talk , with little action, no-one will commit to this until the mining license is sorted out, CATL will perhaps put pressure on Government to stop the F***ery and corruption to get this going , arrests as a result of IGF perhaps window dressing, they need to come out clearly and state that Zijin is out of picture as a result of arrests. Its a simple statement but what DRC politician has capacity to do this, we know it won't be MOP, perhaps PM or Felix , simple statement they just need the balls to do it.

To put this in the DRC habitual habit of talking in religious rhetoric, and rhyming banter that no one can translate, the Zijin farce is a fart in the face from the Devil, on the citizens of the DRC.

 

[Uglybob]

Life is precious, loss like this is always a tragedy especially happening in a foreign land away from the loved ones under those circumstances, no one deserves this.

We know Africa is not safe but same goes for America, such are the risks. It goes without saying that most of us, we are against the Chinese system and not their people, condolences to the family of the deceased, and we hope things will get only better from here on for all parties.

9 Chinese dead, but how many thousands of people from the DRC have died from disease and malnourishment due to the selfish actions of the Chinese in the DRC? Do the local people deserve it either?

 

[Rediah]

9 Chinese dead, but how many thousands of people from the DRC have died from disease and malnourishment due to the selfish actions of the Chinese in the DRC? Do the local people deserve it either?

I understand, and respect that but,

If these people were directly responsible for the DRC people dying, then by all means.

Those who died with the hands of that gunman, could have been totally innocent people doing their day to day jobs just like us to earn honest living for their families.

Anyways, it’s just a topic that I am directly affected with in the past, hence not in a favour of a gunman walking into an office and killing indiscriminately and the ripple effects are ever lasting.

 

[RHyNO]

Where is management
Where is this “in next two weeks” jens was droning on about
Where are we, if not nowhere with a board just cashing cheques for clearly lacking any skill or talent. If I had staff costs in excess of 2mill a year plus bonuses. I would sack fucking everyone if I was blindsided like this. The whole board can fuck off they will walk away from this with the millions they have taken down with their shit eating grins dated suits and COMPLETE LACK OF SKILL AT THE ONLY THING THEY ARE PAID TO FUCKING DO!! Nigel is the geo. So he’s covered the rocks. But what are these cold farts! But a bunch of over paid under skilled losers sucking down our money while they achieve NOTHING! If I was this bad at the thing I dedicated my life to doing. I’d bleed myself out like a man.

 

[Samus]

DRC: The dynamism, the prowess as well as the current efficiency of the @IgfRdc are making teeth cringe in mafia circles. By adopting the conclusions of the IGF on SICOMINES, @fatshi13_ gives a clear message of its confidence in this Superior Audit Service of the Government

 

[Onthefm]

Where is management
Where is this “in next two weeks” jens was droning on about
Where are we, if not nowhere with a board just cashing cheques for clearly lacking any skill or talent. If I had staff costs in excess of 2mill a year plus bonuses. I would sack fucking everyone if I was blindsided like this. The whole board can fuck off they will walk away from this with the millions they have taken down with their shit eating grins dated suits and COMPLETE LACK OF SKILL AT THE ONLY THING THEY ARE PAID TO FUCKING DO!! Nigel is the geo. So he’s covered the rocks. But what are these cold farts! But a bunch of over paid under skilled losers sucking down our money while they achieve NOTHING! If I was this bad at the thing I dedicated my life to doing. I’d bleed myself out like a man.

Mate if anything bleeds out it will be the company. If they continue this cash burn. And no answers from icc till sep 2024 as in the typically jumbled evasive announcement.

 

[Dazmac66]

DRC: The dynamism, the prowess as well as the current efficiency of the @IgfRdc are making teeth cringe in mafia circles. By adopting the conclusions of the IGF on SICOMINES, @fatshi13_ gives a clear message of its confidence in this Superior Audit Service of the Government

How could these two meet and not discuss the filthy corruption around the world's largest hard rock lithium mine? Surely it rates a mention considering Jules was the one who exposed the scheme at the bequest of his boss.