The Fox
Regular
When is the best time for squid normally off that jetty?
dusk / dawn or all day round?Can meet you there sometime to discuss AVZ if you want, and catch a squid or two.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
dusk / dawn or all day round?Can meet you there sometime to discuss AVZ if you want, and catch a squid or two.
The Fox
Regular
Exit stage left CATL, enter stage right US company. Well wouldn't that be nice.
This is exactly how it will play out.Like Fuck they would stump up 240mill in this mess with no ML in hand , CATH would have an out that’s not in AVZ’s announcements that we can see for sure..
I reckon Z and CATH would be speaking to each and have a better understanding on how to pineapple company’s together..
DP IF YOU WILL…
CATH would still be keen & it’s part of their milking system IMO…
They longer they fuck with us stalling the project the cheaper it gets unless we keep drilling etc etc & hope for a TO but when the money runs out we have a issue….
Can Nige can play poker ?
IMO if Manono was Chinese owned and operated it would be producing by now..
As old mate said which made me laugh it’s 2023 and you can identify as anything even corrupt and get away with it…
Let’s hope Marius has a Easter Egg for all of us
This will drag out, AVZ will have no money, they will not be able to conjure up funding without some positive news in their arsenal.
It's sad..
I'm secretly hoping AVZ have been digging around in the WA outback looking for a Manono V2.0.
Nige needs to stop the flamin digging, revert to an absolute shoe string budget and just wait it out.
CashKing
Regular
I’m
Add what’s in the storage yard from the thousands of core samples ontop…
We need to sort this shit out and get on with the job or sell it as is…
1 positive is that we will all soon have a capital gains discount for holding for 12months huh
I’m 95% sure by now he would know this but fucking around digging isn’t helping mining Manono, it may just may help with selling it but probably not seeing as we already have some crazy bullshit proven deposit…
Add what’s in the storage yard from the thousands of core samples ontop…
We need to sort this shit out and get on with the job or sell it as is…
1 positive is that we will all soon have a capital gains discount for holding for 12months huh
Frank
Top 20
Azzler
Top 20
This very interesting post on the crapper by Amovatio for those who shun that place.
"Well done Combaste for your positive comments. It is highly unlikely AVZ will walk away with zero.
Felix didn't commission the Democratic Republic of Congo’s (DRC)General Inspectorate of Finance to conduct an investigation and release its report on the management of mining assets in the DRC by La Congolaise d’Exploitation Minière (Cominière)(IGF Report)." for no reason.
The President is acutely aware of the corruption that exists and of the continued activity of the hostile non state actors who are trying to influence the decisions of key authorities in the DRC. He will know who and what interests these non state actors represent and who they are engaging with in the DRC.
The non state actors are desperate to interrupt the confidential discussions with the DRC govt. and continue to unsettle the current regime because they know Court cases are impending and an election is coming (end of year). The non state actors are continually trying to do everything to undermine the negotiations and delay any settlement to bring down the credibility of the current DRC Govt. It is their only hope for the continuance of this form of corruption.
Felix knows the process his Govt. is undertaking and that is why this takes time. His recent appointment of a new Ministry that will lead the Govt. to the next election is excellent timing and sends a clear message the landscape of influence for the continuity of corruption within Govt.is changing for the better, as slow as this is happening. The first 100 days of the new Ministry and their actions that are continuing to uncover corrupt processes will be critical to their success. IMO this activity will have a direct influence on the progress of the current negotiations taking place and the award of the Mining Licence, hopefully before the first court case begins.
If the legal cases proceed any outcomes will most likely be immediately be reflected in the DRC’s President’s decision to award the ML.
Our Company should be concerned that the continued activity of the hostile non-state actors may influence the decisions of the key authorities in DRC. Decision time is imminent. However, the future of the DRC in the eyes of attracting Western investment and support particularly from the USA is why the DRC is following proper process to ensure the laws of the Land are upheld in the interests of the DRC and its people. The world is watching with strong interest how this plays out. The President and his new Ministry’s survival is dependent on following the process The President has undoubtedly laid out and having competent authorities hand down outcomes that will be accepted by the world.
I don’t see any evidence where the Chinese authorities have had delegation meetings with the DRC President to explain the investment activities they have adopted to show the worth of Manono. What have they articulated to improve the lives of people in the DRC and what are they doing to advance their interests in this World class project?
However, I have read and continue to watch with considerable interest the engagement that AVZ has made with Marius Mihigo and how he is engaging with the DRC President to show how AVZ has followed all applicable laws and has made significant investment in the DRC to confirm the value of Manono and also to outline its plans to advance the interests of the DRC people. IMO this engagement by AVZ has been critical to swinging the pendulum back in favour of AVZ.
Why else would legally privileged information and content of negotiations be slipping out. We all know this MUST be coming from Dathomir and Cominière as they have the most to lose in the negotiation process that precedes their Legal cases on the horizon. IMO Zijin is already defeated and the legal ruling on their activity will soon be released from the jurisdiction on April 20. Any delay caused by Zijin to the legal process is only to delay the inevitable and disrupt the upcoming election campaign. The aim of the Chinese and their Govt. is to ensure unrest is brought into the democratic process. This won’t be allowed to happen by the President and rest assured an outcome on the decision concerning the ML is imminent.
Hence. Our Company is taking extra precautions to ensure its confidential discussions with the DRC Government are not being leaked prior to resolving the prevailing uncertainty with regards to the mining and exploration rights for the Manono Project.
Which leaves the question of why has the ASX asked AVZ for clarity and further information without disclosing what was asked and what the response was from AVZ management. Well imo the simple answer from my investigations is that SHs or wannabe SHs are now writing to ASX looking for answers which they cannot obtain from writing to or contacting AVZ directly. And all along here we are thinking the beseigement was happening from non state actors and corrupt officials in the DRC.
I remain committed to supporting the Management team and all they are doing for us true LTSHs. A little more patience is required until the outcomes start to be revealed later this month.
Wishing an enjoyable and safe Easter Break to All."
"Well done Combaste for your positive comments. It is highly unlikely AVZ will walk away with zero.
Felix didn't commission the Democratic Republic of Congo’s (DRC)General Inspectorate of Finance to conduct an investigation and release its report on the management of mining assets in the DRC by La Congolaise d’Exploitation Minière (Cominière)(IGF Report)." for no reason.
The President is acutely aware of the corruption that exists and of the continued activity of the hostile non state actors who are trying to influence the decisions of key authorities in the DRC. He will know who and what interests these non state actors represent and who they are engaging with in the DRC.
The non state actors are desperate to interrupt the confidential discussions with the DRC govt. and continue to unsettle the current regime because they know Court cases are impending and an election is coming (end of year). The non state actors are continually trying to do everything to undermine the negotiations and delay any settlement to bring down the credibility of the current DRC Govt. It is their only hope for the continuance of this form of corruption.
Felix knows the process his Govt. is undertaking and that is why this takes time. His recent appointment of a new Ministry that will lead the Govt. to the next election is excellent timing and sends a clear message the landscape of influence for the continuity of corruption within Govt.is changing for the better, as slow as this is happening. The first 100 days of the new Ministry and their actions that are continuing to uncover corrupt processes will be critical to their success. IMO this activity will have a direct influence on the progress of the current negotiations taking place and the award of the Mining Licence, hopefully before the first court case begins.
If the legal cases proceed any outcomes will most likely be immediately be reflected in the DRC’s President’s decision to award the ML.
Our Company should be concerned that the continued activity of the hostile non-state actors may influence the decisions of the key authorities in DRC. Decision time is imminent. However, the future of the DRC in the eyes of attracting Western investment and support particularly from the USA is why the DRC is following proper process to ensure the laws of the Land are upheld in the interests of the DRC and its people. The world is watching with strong interest how this plays out. The President and his new Ministry’s survival is dependent on following the process The President has undoubtedly laid out and having competent authorities hand down outcomes that will be accepted by the world.
I don’t see any evidence where the Chinese authorities have had delegation meetings with the DRC President to explain the investment activities they have adopted to show the worth of Manono. What have they articulated to improve the lives of people in the DRC and what are they doing to advance their interests in this World class project?
However, I have read and continue to watch with considerable interest the engagement that AVZ has made with Marius Mihigo and how he is engaging with the DRC President to show how AVZ has followed all applicable laws and has made significant investment in the DRC to confirm the value of Manono and also to outline its plans to advance the interests of the DRC people. IMO this engagement by AVZ has been critical to swinging the pendulum back in favour of AVZ.
Why else would legally privileged information and content of negotiations be slipping out. We all know this MUST be coming from Dathomir and Cominière as they have the most to lose in the negotiation process that precedes their Legal cases on the horizon. IMO Zijin is already defeated and the legal ruling on their activity will soon be released from the jurisdiction on April 20. Any delay caused by Zijin to the legal process is only to delay the inevitable and disrupt the upcoming election campaign. The aim of the Chinese and their Govt. is to ensure unrest is brought into the democratic process. This won’t be allowed to happen by the President and rest assured an outcome on the decision concerning the ML is imminent.
Hence. Our Company is taking extra precautions to ensure its confidential discussions with the DRC Government are not being leaked prior to resolving the prevailing uncertainty with regards to the mining and exploration rights for the Manono Project.
Which leaves the question of why has the ASX asked AVZ for clarity and further information without disclosing what was asked and what the response was from AVZ management. Well imo the simple answer from my investigations is that SHs or wannabe SHs are now writing to ASX looking for answers which they cannot obtain from writing to or contacting AVZ directly. And all along here we are thinking the beseigement was happening from non state actors and corrupt officials in the DRC.
I remain committed to supporting the Management team and all they are doing for us true LTSHs. A little more patience is required until the outcomes start to be revealed later this month.
Wishing an enjoyable and safe Easter Break to All."
Samus
Top 20
#RDC In what Kinshasa describes as a "debacle" of the Chinese contract, Jean-Claude Mputu of "Congo is not for sale" also pinpoints @GuyLoando_ among the "beneficiaries" of "diversion" of several million USD intended for infrastructure.
Theoretically you are absolutely spot on...........but we are dealing with the corrupt DRC and the corrupt chinese actors and rule of law doesnt apply it appears.....
I tell you what, they used to describe WA as the " wild , wild west "........well , how does one describe the DRC ?
I am well aware of that. It would be a risk I would be tempted to take with the information I have.
Is there a chance AVZ could end up with less than 50% doing this? Yes.
We have good legal title to 75% and first right of refusal to Cominiere's share. For us to go under 50% we would have to lose to Dathomir AND Zijin. It is possible that this could happen in the DRC due to the corruption, but we would be well financed to continue operations and defend these challenges for years with the $240 million. Don't forget that if we continue to fuck around for years on end and run out of money, there is a real risk that we could lose the whole project.
1. The $240 million gives us time/options and prevents the Chinese from being able to easily wait until we run out of money (one of the possibilities that scares me most).
2. Having CATH invest $240 million means it is not only little AVZ who has a lot to lose if the project goes south. CATH are more powerful and have more influence than AVZ. I believe CATH met with the President at one stage. To me it is not only spreading the risk, but also decreasing it due to this increased power/influence.
3. The risk of AVZ going to under 50% control of Dathcom is a possibility, but it is not the worst possibility out there. I would much prefer to risk this than risk losing the project. The Chinese would build the mine quick and get things operational in record time. They would probably fuck around with transfer pricing etc, so we would not receive full value, but shareholders would likely still do well.
I look at examples like Komoa:
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%)
Not ideal, but not the worst outcome.
AVZ has been suspended for almost a year. I want to get things moving.
Winenut
Go AVZ!
When is the best time for squid normally off that jetty?
Can meet you there sometime to discuss AVZ if you want, and catch a squid or two.
Dawn and dusk, still clear water, summer and all the other best case scenariosThe other half was walking the dog for an hour on the beach.....I took whatever opportunity there was for the hell of it to see if I could catch dinner
Vietnamese style squid with chilli, ginger, shallots plus a touch of chinese 5 spice would have on the menu but alas.......it was 10:30am and low tide!
Will shout out next time we're heading down......
Probably tomorrow if it's sunny, the winds offshore and the sea glassy
Pretty sure that Jules has already explained that the judical process, or next step, in prosecuting his report was beyond his brief of investigation. That it was up to FT now to follow thru, who in turn had been waiting to install a new batch of judges before proceeding.
From memory those judges are now in place yet still we wait for the legal action recommended in the IGF report. My take since is that FT was then waiting to install his new cabinet which has been tasked with further investigating the corruption around DRC mining.
It all sounds like delaying tactics on FTs part IMO but as far as Jules is concerned his job is done. Fair enough, too, he's done good.
“1. The $240 million gives us time/options and prevents the Chinese from being able to easily wait until we run out of money (one of the possibilities that scares me most).”
CATH is Chinese. It’s long been said that the Gov in China have givens directives that Chinese companies are not to compete with each other to drive prices up.
Not sure we should be totally separating the likes of Zijin and CATH. They playing for the same team after all.
And someone is leaking info…
Last edited:
Underwaterdark
Regular
Sutble ties to Ford Motor Company now for us, via Yibin Tianyi...
"On March 31, Tianhua New Energy announced that the company's subsidiaries, Yibin Tianyi Lithium Technology Innovation Co., Ltd. ("Tianyi Lithium"), Sichuan Tianhua Times Lithium Energy Co., Ltd. ") (Tianyi Lithium Industry and Sichuan Tianhua hereinafter collectively referred to as the "Seller") signed the "Lithium Hydroxide Purchase Agreement" with Ford Motor Company (Ford Motor). The purchase and sale of lithium oxide products reached a consensus and established a cooperative relationship. The total quantity of lithium hydroxide sold by the seller from 2025 to 2029 is 72500±10% metric tons in total. The specific supply quantity is subject to the purchase order signed by both parties.
It is understood that, in addition to Ford Motor, Tianhua New Energy has cooperated with Brazil's AMG Mining Company, Dathcom Mining SA and AVZ International Pty, Aisika New Energy (Shanghai) Co., Ltd., Chengdu Bamo Technology Co., Ltd., a certain company in the past three years. World-renowned automobile companies have signed relevant framework agreements and are implementing them."
"On March 31, Tianhua New Energy announced that the company's subsidiaries, Yibin Tianyi Lithium Technology Innovation Co., Ltd. ("Tianyi Lithium"), Sichuan Tianhua Times Lithium Energy Co., Ltd. ") (Tianyi Lithium Industry and Sichuan Tianhua hereinafter collectively referred to as the "Seller") signed the "Lithium Hydroxide Purchase Agreement" with Ford Motor Company (Ford Motor). The purchase and sale of lithium oxide products reached a consensus and established a cooperative relationship. The total quantity of lithium hydroxide sold by the seller from 2025 to 2029 is 72500±10% metric tons in total. The specific supply quantity is subject to the purchase order signed by both parties.
It is understood that, in addition to Ford Motor, Tianhua New Energy has cooperated with Brazil's AMG Mining Company, Dathcom Mining SA and AVZ International Pty, Aisika New Energy (Shanghai) Co., Ltd., Chengdu Bamo Technology Co., Ltd., a certain company in the past three years. World-renowned automobile companies have signed relevant framework agreements and are implementing them."
obe wan
Regular
The intent of that $240m is that it gets buried into initial mining development cost ( it's not keep the lights on $$$) , so in the mine development sector, that $240m gets evaporated within months not years and we certainly would not be, as you say -
‘we would be well financed to continue operations and defend these challenges for years with the $240 million’
Komoa mine was held under Komoa Holdings a subsidiary of Ivanhoe ; Komoa Holdings held ‘80%’ of the Komoa project; Ivanhoe then sold 49.5% of Komoa Holdings off to Zijin for 400/500m.
Hand passing CATH 24% thus reducing us to 51%, with the Dathomir 15% still on the DRC registration books ( unresolved ) ; in the DRC....36% becomes a possible highlight figure ; i know you reckon you’d take the risk..but without drilling too far down into possibilities / scenarios , just take the percentages and names above... 24% CATH...Dathomir get through the door with their 15%; this takes AVZ to 36%.... Dathomir have zero intent in Inputting capital funds in Manono..they will offload..Dathomir sells 15% to CATH ; CATH now have 39%, AVZ loses control.
IMO until things are further resolved, I doubt management are going to play Russian roullet in that dark Chinese alley
Maïss Tshibangu was arrested for hanging around the Fleuve Congo Hotel dressed like a pimp selling his services.
MoneyBags1348
Top 20
He mentions we don’t understand the processes of mining in Africa…. Trouble is we do, we have learned the hard way and if we hadn’t been exposing it on here and twitter and and spreading the truth about AVZ being usurped by ministers and officials in the DRC working with Zigin, Cong and Klaus Jerkof we might not have been still in the fight.
We know Tshisekedi, Lukonde, Kazadi, Kayinda, N’samba, Loando etc have known about our situation and the IGF report for months and what is their response…. We want AVZ to sit down with Cominiere, Cong and Zigin and reach an amicable agreement (including being amicable with Celestin Kibeya)…. Oh, and the DRC wants a bigger share now than you have spent millions drilling and progressing the project for the last six years.
Keeping putting the truth out there respectfully has been our greatest strength, I personally don’t think we should stop now, it’s the pressure of the truth that motivates the DRC to do the right thing, not staying quiet
@obe wan I haven’t gone back over our original CATH TIA, but I remember at the time thinking that the agreement meant who ever pulled out of it had to stump up $20 million and that wasn’t reliant on a further signing of a contract
Last edited:
Similar threads
