AVZ Discussion 2022

[BenGriffo]

Incorrect - ie Kamoa - a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%)

Ivanhoe was definitely a majority holder at some stage. Not sure if before/after the ML was issued. It was certainly split before it hit production though when they sold half their stake to our mates that start with Z. DRC Govt picked up more after that. And of course a snack company gets a little 0.8% for their troubles.
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https://www.mining.com/ivanhoes-giant-kamoa-kakula-copper-project-in-drc-keeps-getting-bigger/

Summary of DRC Mining Code below (not the most interesting read, prolly 10 minutes of your life you will never get back - fyi no mention of the 51% majority required in here unless I'm blind. I have heard the 51% quite a few times from posters and I thought someone posted a reference link or doc with it showing it was in the mining code but can't find it now Happy to be corrected if someone can point it out. Definitely I can see why AVZI wants to keep it's majority stake in Dathcom though, slips below and it's goodbye control, same as any JV.
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Spotlight: Mining law in Democratic Republic of the Congo

Mining represents a critical sector for the development of the Democratic Republic of the Congo (DRC). According to the World Bank, the mining sector…

www.lexology.com

 

[DoubleA]

That wasn't the case at time of mining application ; percentages can shift there afterwards. I'm pretty sure we had this conversation before, Komoa mine was held under Komoa Holdings a subsidiary of Ivanhoe ; Komoa Holdings ‘ivanhoe’ held ‘80%’ of the Komoa project; Ivanhoe then sold 49.5% of Komoa Holdings off to Zijin for 400/500m.....the percentages after mining application have shifted after a few dealings to what they are now.

Mining application/licence = Dathcom. Not AVZ.


You seem to be making a habit of getting the two confused.

 

[Charbella]

The trolls are having a full moon party tonight! What has changed since yesterday? Nothing!

 

[Mr Inappropriate]

Incorrect - ie Kamoa - a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%)

Nope - it's in the 2018 mining code. 51% minimum.

 

[DoubleA]

Nope - it's in the 2018 mining code. 51% minimum.

The applicant, Dathcom, does have 51% as required. If you don't believe me then all good.



I am more interested in people's thoughts as to what can potentially change in DRC for them to finally issue the licence.


Vital Kamerhe?

Martin Fayulu?

Do people think negotiations will be ongoing in the background? Seemed like AVZ could not get meetings and were no longer in the loop. I hope we are not left waiting for 2-3 years while things play out at the ICC.

 

[Winenut]

Nope - it's in the 2018 mining code. 51% minimum.

It's Dathcom...it's 51%....that's the mining code...... that's what AVZ needs....minimum for the ML

It's also what AVZ has "legally" acquired.....in fact 51% is less than what AVZ has "legally" acquired

The other cunts have "supposedly" acquired a percentage in Dathcom but bottom fucking line NONE of those "alleged" acquisitions are "legal"

Fukkem

Bring on the ICC

 

[BRICK]

Thanks
I needed a laugh!

 

[Nbaz]

Hi Nbaz, the company id imagine is totally fine with it ; disclosing information was benefiting the distractions more than it was our negotiating. Tommy FT is probably deserves a bit of a thank you too! He seemed to have been able to dig some pretty confidential legal docs etc which showed that distractors were digging. ASX were apparently were getting all sorts of requests for information / suggesting ‘sesrch here’, ‘look at this’ in an attempt to try and force them to make AVZ open up and trade again.

Being able to tint those windows of the negotiations rooms, as they felt that they comply with 3.1 / disclosure seemed to put them on the backfoot every now and again, after they had thought they had taken a few steps forward...personally I'm happy with the move.

ASX also seemed happy enough with their responses to the questions and put them into actually suspension using the answer to question 9 where AVZ stated that they couldn't conform to 3.1 as it was effectively causing issues, basically gave AVZ what they needed. Omni bridgeway if they had anyone on board would have preferred if as had of batted back some of those responses...but that didn't seem to happen and AVZ can be somewhat relieved that their announcements aren't twisted etc by distractors and repeated elsewhere to other parties with apparent triple meanings

Thanks for your insights. It's something I've never gone though as a shareholder and dare say not many have, so it was a bit daunting seeing the announcement drop this morning.
Hopefully it means AVZ can now get everything sorted safely and not have to worry about everything getting out before it's all confirmed.
Appreciate your words.

 

[Sammy_da_Smile]

We have come so far to lose all hope now. We are so close with the end in sight. Hang in there everyone.

Sons of Nigel!

Of AVZ!

My brothers my sisters!

I see in your eyes the same fear that would take the heart of me.

A day may come when the courage of AVZ investors fails, when we forsake our friends and break all bonds of fellowship, but it is not this day.

An hour of wolves and shattered shields when the investment of AVZ comes crashing down, but it is not this day!

This day we fight!

By all that you hold dear on this good earth, I bid you stand, Investors of the AVZ!

 

[Dazmac66]

ASX suspends AVZ for non-compliance with listing rules

The lithium explorer that reached a near $4.6 billion valuation told the ASX it didn’t disclose ownership disputes as they were immaterial or not legally valid.

www.afr.com

 

[Mr Inappropriate]

Fuck me dead. Could the DRC troll us any harder?

 

[Onthefm]

We have come so far to lose all hope now. We are so close with the end in sight. Hang in there everyone.

Sons of Nigel!

Of AVZ!

My brothers my sisters!

I see in your eyes the same fear that would take the heart of me.

A day may come when the courage of AVZ investors fails, when we forsake our friends and break all bonds of fellowship, but it is not this day.

An hour of wolves and shattered shields when the investment of AVZ comes crashing down, but it is not this day!

This day we fight!

By all that you hold dear on this good earth, I bid you stand, Investors of the AVZ!

Jesus it's only money mate. I wouldn't get that wound up.

 

[Mr Inappropriate]

Article 67 (operating permit) of the 2018 Mining Code.

e) create, on each transformation, as part of a separate mine or a separate mining project, an affiliate in which the applicant company holds at least 51% of the shares;

 

[9cardomaha]

ASX suspends AVZ for non-compliance with listing rules

The lithium explorer that reached a near $4.6 billion valuation told the ASX it didn’t disclose ownership disputes as they were immaterial or not legally valid.

www.afr.com

 

[Frank]

 

[CashKing]

Hi Nbaz, the company id imagine is totally fine with it ; disclosing information was benefiting the distractions more than it was our negotiating. Tommy FT is probably deserves a bit of a thank you too! He seemed to have been able to dig some pretty confidential legal docs etc which showed that distractors were digging. ASX were apparently were getting all sorts of requests for information / suggesting ‘sesrch here’, ‘look at this’ in an attempt to try and force them to make AVZ open up and trade again.

Being able to tint those windows of the negotiations rooms, as they felt that they comply with 3.1 / disclosure seemed to put them on the backfoot every now and again, after they had thought they had taken a few steps forward...personally I'm happy with the move.

ASX also seemed happy enough with their responses to the questions and put them into actually suspension using the answer to question 9 where AVZ stated that they couldn't conform to 3.1 as it was effectively causing issues, basically gave AVZ what they needed. Omni bridgeway if they had anyone on board would have preferred if as had of batted back some of those responses...but that didn't seem to happen and AVZ can be somewhat relieved that their announcements aren't twisted etc by distractors and repeated elsewhere to other parties with apparent triple meanings

Ummmm Hoots and the trolls over at Crapper would word it different mate but a BIG FUCK THEM on my behalf…
GLTAH

 

[Carlos Danger]

ASX suspends AVZ for non-compliance with listing rules

The lithium explorer that reached a near $4.6 billion valuation told the ASX it didn’t disclose ownership disputes as they were immaterial or not legally valid.

www.afr.com

Tommy is a fucking moron

AVZ have never owned, or claimed to own, the 15% from Cominiere

Only 15% of the 75% that AVZ legally owns is 'under dispute'. And that's the 15% from Dathomir.

How does this dickhead still have a job. He can't even do simple arithmetic yet is employed by a financial news organisation. Unbelievable.

 

[DoubleA]

Maybe Minister of Mines is more on AVZ side than I previously thought. I am tired and don't have time to go through and analyse everything he said

 

[Rambo]

Maybe Minister of Mines is more on AVZ side than I previously thought. I am tired and don't have time to go through and analyse everything he said

It sounds like he said avz has had a meeting with the head of state and said the journalist was full of shit. So minister of mines filled a complaint against him and he was arrested. He also said something about a signature yesterday revoking avz contract. Translation isn’t great, but I think that’s what he said. I only had time to watch the first half.

 

[Chancen1904]

He ist defending himself....

Congolese journalist Mills Tshibangu detained overnight in defamation case - Committee to Protect Journalists

Kinshasa, April 7, 2023—Congolese authorities should drop their criminal defamation investigation into journalist Mills Tshibangu and ensure he can work without fear of arrest or prosecution, the Committee to Protect Journalists said Friday. On April 2, a group of about 12 police officers...

cpj.org

And of course He tells Tales about AVZ.... Referring to AFR and frustrated tweets