Winenut
Go AVZ!
Nothing you'd know mateGive an idea of playlist
....all originals from a low-fi, underground, indie guitar, pop/rock with a slight twang, bunch of washed-up old has-beens!But still a heap of fun
AVZ Discussion 2022
- Thread starter GazDix
- Start date
....all originals from a low-fi, underground, indie guitar, pop/rock with a slight twang, bunch of washed-up old has-beens!But still a heap of fun
Tell me something . How did we gET from this:I'm back @John25
Roadtrip to Ballarat for a gig with a mate
Been away since Thursday
Back on deck now
I see a lot's been happening while I've been indulging in the rock 'n roll lifestyle
Can't add much to the discussion around the announcement but for me management seem to have now somewhat more openly stated that they are indeed pushing shit up a big, fat, fucking compromised/corrupt hill
So it's nothing we didn't know......just now it's being communicated to the market directly from AVZ
Some of the new language in the announcement did zap my confidence a bit ....particularly this little gem
View attachment 33436
Unfortunately, on-balance, what I've seen recently has not instilled me with any renewed confidence:
Ministers we don't want and with question marks over their heads....still there
Felix Tshisekedi....still silent and no action
Illegal sales and dodgy deals from Cominiere.......not reversed and no indication they will be
Response to the IGF report....still nothing actioned in regard to the explicit findings
Potential ongoing issues with our continued security and confidentiality in our discussions and dealings....fuck me
AVZ Management now calling in the troops from The Australian Embassy in Harare to assist .......Jesus wept
On the bright side.....it was a fucking great gig and a hoot at the Ballarat Trades Hall on Friday
"The Company is confident of a positive outcome in relation to the award of the Mining Licence." 22/03 /23
TO the perception we are flogging a dead horse . 31/ 03 / 23. ???
It might have something to do with the ASX ?
If were take a look at the Half Yearly report only a few weeks ago we see this :
"The Company has become aware of the conduct of various non-state actors generally compromising AVZ’s ability to develop the Manono Project, including by surreptitiously obtaining unauthorised access to and disseminating AVZ’s confidential and legally privileged information."
There is nothing in the latest announcement we didn't already know . ASX have just asked for more detail because on a daily basis I am sure they are getting pressure from shareholders / shorters and those anti AVZ to end this suspension and start trading .
Maybe shorters and anti avz'ers not well informed shareholders..
Carlos Danger
Top 20
The announcement reads to me like the preparation for a deal being made with Cominiere. The legal talk is all about letting shareholders know that management think that a path forward where we retain all of our legal rights is unlikely at this stage imo. The hope that the reshuffle would bring an outlet for justice has proven to be as useless as a cowardly lion.
There's a good chance that we will be forced to trade on Monday or soon after. The ASX are obviously asking what material progress has been made since suspension began. Management seem to be trying to extend it on interference grounds but I doubt that will hold sway now given the fact that we have gone backwards on paper compared to 11 months ago. The meeting this week in Manono, while positive in intent, gives a crystal clear indication that we are no closer to an outcome than when suspension started. This time last year we were trading in basically the same position. No decree for a PE and a PR for 221 carrés of 13359.
I still think that a big reason management went into suspension was to preserve the value of their offer to the DRC government for the 15% from Cominiere being eroded by the delays, disinformation and share price manipulation caused by Zijin. If we do trade before the Mining Licence is issued then our offer to the DRC government will potentially be greatly diminished if the share price crashes. We can still offer the same amount but would need to do so at a higher dilution of existing shareholder value.
Ultimately pragmatism is now the order of the day. It's what the Chinese do better than most imo. I can't blame them for wanting control. Look at the top 20. When the chips were down it was Chinese money that kept things rolling along at Manono a lot of the time. I'm sure they are still happy to play the long game. 51% now and let's see what happens with the 5% needed to cede to the DRC government when the PE is renewed each time (DRC mining code Article 80h). Just a small blip on the lifespan of this mine.
So management have a choice. Either take 51% now or risk being forced to trade without the ML. I think the timing and content of this latest announcement speaks volumes as to what their next move will be. I just hope whatever happens next it is announced on time. It is an absolute embarrassment to both AVZ and the ASX that we should have technically started trading yesterday but didn't. I understand why but when there are international investors staying up through the night due to the uncertainty it reflects poorly on us as a country. I can tolerate a lot of shit from company's and the exchanges they are on but maintaining order in official announcements is the very least I expect.
Frank
Top 20
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Azzler
Top 20
The anouncement gives us suspension until May 1st, I can't see the ASX approving it for release if they haven't already agreed to keep it suspended until then, so I don't see it comming out next week.
To be honest with you though, I don't think it's right for them to prevent trading for this long, a few months sure but really this is now just plain wrong. Sure it'll be detrimental to the share price, but when an outcome of a company is not good, such as in this case, you can't just lock it up because shareholders are selling.
I think its wrong and we should be trading.
Anyway what does my opinion matter...
I think the grim tone in the anouncement was for the ASX's benefit.
Carlos Danger
Top 20
I think the we just need 1 more month excuse has run its course. The meeting this week in Manono and the reshuffle blew any idea that management were progressing towards an outcome out of the water imo
Obviously I could be wrong. I thought we would trade at the end of the last suspension and was wrong then. But the ASX is sniffing around now and I reckon they have had enough of Nigel's shenanigans. It's put up or shut up time imo. Agree with everything else you say.
Bin59
Regular
Great political ally of @fatshi13, VPMEco @VitalKamerhe1 remains the only one to tell the truth to PR05 on Comimiere and Dathcom, explain the importance of investments @AvzMinerals in Manono, move the project forward taking into account the US-Canada positions on Chinese ds lithium
9:26 PM · Apr 1, 2023
9:26 PM · Apr 1, 2023
Chilla
Regular
Normally the ASX would send an official ’Aware’ letter which would require an official response to the Aware letter and both are then released as announcements if they have sought answers to questions they have.
We will possibly see this next week as usual time given for a response is 3-4 days.
It was highly irregular that suspension was continued beyond the announced time of 10am Friday without a further announcement.
Watch this space….Cath announcement on Monday and possibly response to ASX questions.
How do you come at AVZ 51% ? Does that mean we are getting ML ? What's your thought's on the DG of Cominiere wanting control of the project ? Are we talking the whole tenement now ( nth & sth ) ? Some said all of Roche Dure + Sth CDL was always ours for the taking at anytime if we gave up on the Nth ? Do think that was an actual fact or BS ? If it was a fact would we have been better off taking the 1 Billion tonne + high grade low strip Roche Dure instead of being in the sh1t we are now in ?
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Carlos Danger
Top 20
How do you come at AVZ 51% ?
60% - 9% to CATH
Does that mean we are getting ML ?
Yes
What's your thought's on the DG of Cominiere wanting control of the project ?
Merely a bluff
Are we talking the whole tenement now ( nth & sth ) ?
The whole kingdom snow white
Some said all of Roche Dure + Sth CDL was always ours for the taking at anything if we gave up on the Nth ? Do think that was an actual fact of BS ?
The offer from Zijin to Cominiere about 15% or the north indicates it may have been an option at one stage
If it was a fact would we have been better off taking the 1 Billion tonne + high grade low strip Roche Dure instead of being in the sh1t we are now in ?
51% of 1.5b is better than 66% of 1b imo
Will Nellie still strip off and run across the Storey Bridge ?
Don't care
Frank
Top 20
*Fyi, re:- US v China
Biden makes electric vehicle credits elusive in bid for US auto renaissance
The Biden administration’s requirements for electric vehicle tax credits will reduce the number of models eligible for incentives until tens of billions of new investment in US manufacturing by automakers and suppliers kick in.
The guidance released Friday clarifying provisions of the Inflation Reduction Act — President Joe Biden’s landmark climate bill — will leave few EVs eligible for up to $7,500 credits as of April 18, administration officials said.
The reason: most don’t meet new requirements that battery components or critical minerals are sourced from North America or US free trade partners.
The global auto industry eagerly anticipated the US Treasury Department’s notice, with lobbyists pushing for months to loosen up the sourcing and content requirements.
While tax credits for consumers included in the legislation, known as the IRA, will be difficult to attain, those incentives and additional perks for manufacturers have helped trigger announcements of more than $52 billion in EV and battery investment in the US.
The Treasury left still unclear how it will deem companies to be foreign entities of concern, which automakers won’t be able to turn to for battery components and critical minerals in the years to come.
One of the overarching goals of the IRA is to make the US less reliant on China, which dominates the EV battery supply chain.
The number of vehicles that will qualify for tax breaks will rebound as the supply chain is built out in the coming years, according to a senior Treasury official, who briefed reporters ahead of the release.
“This latest turn will further reduce the number of eligible EVs,” John Bozzella, president of trade group Alliance for Automotive Innovation, said in a statement, adding it’s still unclear how many will qualify next month.
“This period may go down as the high-water mark for EV tax credit eligibility since the IRA passed last year.”
Breaking from China
The Biden administration is looking to revive American industry while tilting the economy away from fossil fuels.The IRA also intersects with a separate national security objective: to free the US and its allies, as much as possible, from dependence on supply chains it sees as vulnerable to China.
In addition to batteries, products of concern include semiconductors, pharmaceutical ingredients and green energy components.
The IRA is “creating American manufacturing jobs and strengthening our energy and national security,” Treasury Secretary Janet Yellen said in a statement.
How aggressively Washington pursues its goals has been closely watched by the auto industry, with its complex and long-distance supply chains spanning mines from to battery-cell makers.
Legacy manufacturers including Ford Motor Co. and EV market leader Tesla Inc. have plans to build new battery plants in the US that may leverage Chinese intellectual property.
The Biden administration gave automakers some wiggle room in its interpretation of the legislation, following an intense lobbying blitz since it was passed in August.
While this has eased concerns of some big automakers and trade partners, it’s angered supporters of the bill, particularly Senator Joe Manchin of West Virginia, who was key to getting the IRA passed.
The IRA extends as much as $7,500 in consumer tax breaks for cars that meet criteria on how much they cost, how much their buyers earn and where the vehicles are assembled. The most detailed, and controversial, requirements are focused on the component and minerals within the battery.
Specifically, the rules split the credit in two, with $3,750 available for vehicles with at least half of their battery components from North America, and the remainder if 40% of the value of raw materials in the battery are extracted or processed domestically, or in countries with US free-trade agreements.
Those requirements will ramp up over time.
‘Foreign entity of concern’
Treasury has been vague on how to define what the law refers to as foreign entities of concern, although the administration officials said it will include Chinese companies.No tax breaks are available for vehicles containing battery components or critical minerals from foreign entities of concern starting in 2024 and 2025, respectively.
Biden’s plan has a hard road ahead for competing with China on batteries, which analysts at UBS Group AG have likened to the 21st century version of oil.
Chinese battery firms led by Contemporary Amperex Technology Co. Ltd. and BYD Co. accounted for just over 50% of the market last year.
By the end of the decade, nine of the 10 biggest battery makers will come from China, BloombergNEF has forecast.
“China’s dominance in the battery supply chain — from critical mineral processing to EV adoption — cannot be understated,” said Andrew Wang at Intercalation, a London-based battery industry research organization.
“The implementation of the IRA will need to strike a delicate balance by incentivizing the decoupling of supply-chain reliance, without forcing a decade of lessons in scaling to be relearnt.”
China’s influence over the EV supply chain widens to around 90% in manufacturing and processing in a number of battery materials and minerals, with CATL and BYD having spent billions investing in battery mineral sourcing.
China’s control of critical minerals processing — the steps required to turn mined material into usable compounds and goods — is seen as the most difficult chokepoint within the global EV supply chain to overcome.
Currently, 60% to 100% of all battery minerals are processed in China, according to a report from a Washington think tank SAFE.
The White House has recently sought to expand which countries have trade agreements with the US that allow them to supply critical minerals.
It recently inked a deal with Japan and is working on one with the European Union.
Such critical mineral deals could be a boon for the handful of companies that are already producing nickel and cobalt in Europe, while also strengthening the investment case for further expansions.
Countries including Finland and Japan have an outsized role as suppliers to the US, and the recent deals are crucial for both sides to ensuring that trading partners aren’t locked out in the future.
Mercedes-Benz is “able and willing” to invest capital in mining – CEO
Mercedes-Benz is willing to allocate capital to support or ramp up a mining business, chief executive Ola Kaellenius said on Thursday at the carmaker’s annual environmental, social and governance conference.
“We have fundamentally made the decision that if a deep sourcing opportunity presents itself down to the mine, we are able and willing to allocate capital to that,” Kaellenius said.
The company had opened up a raw materials office in Canada to further discussions in the region on sourcing raw materials following the signature of a battery material cooperation agreement with the Canadian government last year, chief technology officer Markus Schaefer added.
mining.com
Mouthpiecenomnom
Regular
51% plus mining lease. fine whatever. Get this show on the road ffs
Frank
Top 20
njoy84
Member
Meanwhile i am already at the point where I say that they should just take the 60%, revise the bfs and put out a 10mtpa study with a shiny sales tag.
I'm tired of watching this spectacle day in and day out hoping my investment doesn't go down the drain.
With a stroke of a pen these people can decide the fate of their country and our financial security one way or another.
Carlos Danger
Top 20
In response to your deleted question about the remaining 30%:
CATH 15% (24% total) from Dathomir through AVZ
Cong will be taken care of
Zijin 15% from Cominiere
I don't think Cominiere actually want any %. This is all about getting Zijin in the project and making the snacks payment scandal go away for them and the MoP. Most likely Zijin will need to pay the 150m price from the DFS and we will need to drop our FROR claim. Given the need and urgency.
The 5% to be ceded to the DRC government every renewal will be done on a pro rata basis. So AVZ will lose control in 2048. Although we will probably be bought out long before then imo
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