AVZ Discussion 2022

wombat74

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I‘m fairly certain he is talking about diversity with different minerals and different country also.

If all goes to plan they will be thinking about acquisitions for lithium and other minerals, and exploration in Australia and elsewhere IMO.

They should want to de-risk the company from just relying on lithium down the track.

He has stated this in at least one video interview, and it’s good to see they are looking at the big picture outside of Manono.

People who keep on repeating that the board will be happy with an average TO offer should take note of this. (not mentioning any names) 😉
Lets not forget our world class Tin resource . I'd say that will be the first part of the diversification . As for a TO offer , everything is for sale at the right price . As NF said in the interview ,"there's no exit strategy at the moment . There's nothing on the table from anybody . So we are building a mine ." So I take that as, "if the right offer "was on the table then perhaps it would be considered . And just to keep the calm among the warriors here lets say a TO at $1000 a share .🤩🤩🤩
 
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CHB

Regular
Looks like zijin officially posted that they believe they have 15% ownership now on their website.

Interesting times
 
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DiscoDanNZ

Regular
Lets not forget our world class Tin resource . I'd say that will be the first part of the diversification . As for a TO offer , everything is for sale at the right price . As NF said in the interview ,"there's no exit strategy at the moment . There's nothing on the table from anybody . So we are building a mine ." So I take that as, "if the right offer "was on the table then perhaps it would be considered . And just to keep the calm among the warriors here lets say a TO at $1000 a share .🤩🤩🤩
They can have my shares for $500 p/s but not a penny less... Oh and that's USD too
 
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Hemicuda

Regular
Thoughts on ZIJIN’s news release today?
 

DiscoDanNZ

Regular
Thoughts on ZIJIN’s news release today?
"The transaction was obstructed by AVZ. It refused to convene board meetings or shareholders’ meetings and filed two lawsuits, forcing the transaction to go into legal proceedings. In November 2021, the Commercial Court of Lubumbashi rejected the requests of AVZ and chaired a shareholders’ meeting, which approved the transfer of the 15% interest owned by COMINIERE to Jincheng Mining, making Jincheng Mining a legitimate shareholder of Dathcom with a 15% equity interest. Relevant changes were also made in the Trade and Personal Property Credit Register (Registre de Commerce et du Crédit Mobilier, RCCM).


However, AVZ further objected to and obstructed the transaction through various means. In January 2022, the Commercial Court of Lubumbashi again rejected AVZ’s request for revoking relevant shareholder resolutions and changes made in the RCCM."


Sure sounds like something AVZ should have made the market aware of if its to be believed.
 
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CHB

Regular
Looks like we are in for a shit fight.

Ball in DRC gov court... what will they do?

Will they kick Zijin to the curb?
Will we all be stuffed?
Will there be some middle ground?
 
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Bray

Regular
well fuck.. :oops:
 

The Fox

Regular
Either Nigel has been bent over and will tell all about it by Wednesday or there's going to be a significant fight over all of this. If he's been bent over, Class Action by shareholders would be on the cards. Fingers crossed Felix and friends intervene if AVZ is in the right. Yet Z must be confident to go public like this, bastards.
 
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DiscoDanNZ

Regular
Either Nigel has been bent over and will tell all about it by Wednesday or there's going to be a significant fight over all of this. If he's been bent over, Class Action by shareholders would be on the cards. Fingers crossed Felix and friends intervene if AVZ is in the right. Yet Z must be confident to go public like this, bastards.

But why only so openly public about it now is a strange thing to do when their own announcement says it was all done last year...
 
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cruiser51

Top 20
Thoughts on ZIJIN’s news release today?
It is Zijin's position, which we knew. Nothing new there.
Something must have urged them to make their shenanigans public.
Let's face it, they couldn't keep on hiding it.
 
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wombat74

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Nigel in the recent interview : "We've had our lawyers look over all the details and we are 100% sure we have 75% of the project . So the minimum we go down to on the back of the CATH deal is 51% ."
 
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Winenut

TROLLS LIVE IN BASEMENTS WITH THEIR MUMS
fuck me...
 
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bloke383

Regular
Thoughts on ZIJIN’s news release today?
What a load of BS . Reading the article & a quick glance of their website would lead you to believe they are the most ethical & above board mining company on the planet .
They are just trying to scare everyone into submission . They are still claiming we may only end up with 36% !

COMINIERE said its transfer of the 15% interest in Dathcom to Zijin Mining was appropriate, legitimate, and compliant with relevant rules and regulations. Zijin Mining is a legitimate shareholder possessing a 15% stake in Dathcom. COMINIERE still holds a 10% interest in Dathcom following the completion of its transfer to Zijin Mining. AVZ is yet to complete the legal formalities required for its transfer of a 24% interest in Manono to other parties. If the transfer is completed, the stake held by AVZ in Dathcom will drop to 36%, and AVZ will no longer have an absolute controlling interest in Dathcom.

Where in the article does it state how & how much they paid for the 15% ?!!! Funny that !
Maybe Felix should take a close look how they acquired their stake in Ivanhoe ? My god I hope Felix kicks their asses to kingdom come !
 
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Winenut

TROLLS LIVE IN BASEMENTS WITH THEIR MUMS
I definitely want 66% (not 51%) and Z to get fucked
 
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LX600

Regular
Hi Guys, didn't we discuss this article's Chinese version over the weekend? Why only they put up an English version and everyone shocked?
 
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I'm hoping all this gets addressed before we open again, be it Wednesday or later. Zijin have now acknowledged this through formal channels, so no longer an issue of AVZ's word vs random social media Finflunencers.

Regardless of how you put it, it is going to be one of the biggest hits to retail confidence, especially with the supposed smart money exiting last week needs to be addressed succinctly to minimize the outflow of retail when we resume trading.

This level of dumping was totally unforeseen after management rubbished it with a one liner months ago. Although Im freecarrying it's the least confident I have been since early 2020.

I wish management was a little more transparent with it, and if it is total BS on Zijin's behalf I hope they are working with DRC govt to address these claims ASAP. The Zijin announcement has dropped some pretty big names in theirs.

Good luck fellow holders!
 

The Fox

Regular
But why only so openly public about it now is a strange thing to do when their own announcement says it was all done last year...
I guess its all coming to a head and now is the time for Z to make a strong statement. AVZ likely at a point of weakness when trying to close the CATH deal. Z might be bluffing hard knowing they might not get to keep all of the 15%, yet as this is a critical time for all concerned they might get to keep 5% or 10%, would not surprise me if there is some changes to what we were expecting ownership wise, just hoping AVZ still stay at or above 51% after mediation which was hinted by Z in the announcement.

Of course, there is always the chance big Felix weighs in for us and chops some heads off ....... please please please
 
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cruiser51

Top 20
funny this is worded exactly as the article.....Z knows they've done a backdoor dodgey (probably paying off the court as well as Cominiere officials) and they're just hoping to get away with it like they have been use to.....but there's a new sheriff in town boys
Z will highly likely do a back door deal with Simon Cong, or have done already for the additional 15%.

At the end of the day, if this goes through, Nigel always has the option to tell the Chinese to go fuck themself and allow the Cath deal to slip.
Meaning the final tally is AVZ 60%, Z 30% and DRC 10%.

In that case AVZ will have to find US$240 million + US$20 million for breach of contract, however Simon's Dathomir will have to pay AVZ the money back, which AVZ paid Dathomir, which easy will cover the US$20 million for breach of contract.

And Felix's DRC in financial circles will be seen as still corrupt.

Sorry Mr Pei, you better have a word with Zijin, coz at the end of the day that is the Chinese Government.
And Cath/Catl spod supply could well be redirected to the new Z battery factories
 
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Avz could always just mine CDL which I believe they own 100%.

Is this correct?
 
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Xerof

Is There Anybody Out There 1979
Avz could always just mine CDL which I believe they own 100%.

Is this correct?
Nope, part of 13359, on which we have the ML via DATHCOM.
 
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