AVZ Discussion 2022

Samus

Top 20
AVZ is not Dathcom, CATHs $240m is to DATHCOM, not AVZ, AVZ will need to find some cash of their own ; without a ML they’d struggle to raise capital and I very much doubt that Mr Pei would allow AVZ to put down assets generated through his funding injection into Dathcom as security again debt funds
I'm sorry I'm confused by this, isn't CATH buying 24% out of AVZ's 75% share of Dathcom?
They're buying a percentage of Dathcom from AVZ and paying AVZ for it.
CATH also need to stump up their percentage of capex costs while AVZ uses the 240 mil as part of ours.
As far as my understanding what you've said above is wrong.
 
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Samus

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There is also a troll saying that's a different man with the same name but it sure looks like him ... :unsure:
 
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obe wan

Regular
Cath $240m is to AVZ not dathcom
Here figure it out this way ; the 240m is for 24% of the project ; the project is Dathcom ; does AVZ register get diluted?... Answer is no, why? Because it's 24% of Dathcom, not AVZ
 
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CashKing

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FUCK ….. 🤯 🤯 🤯

Here I am trying to decide Lamb or Fish for dinner 😱


GLTAH
 
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Charbella

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Here figure it out this way ; the 240m is for 24% of the project ; the project is Dathcom ; does AVZ register get diluted?... Answer is no, why? Because it's 24% of Dathcom, not AVZ
Our ownership in Dathcom will reduce from 75% to 51%, in exchange for $240mil. What’s the confusion?
 
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LX600

Regular
Here figure it out this way ; the 240m is for 24% of the project ; the project is Dathcom ; does AVZ register get diluted?... Answer is no, why? Because it's 24% of Dathcom, not AVZ
You can think the share is an asset AVZ held. So Avz using the share of Dathcom to exchange $240m
 
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Winenut

Go AVZ!
Here figure it out this way ; the 240m is for 24% of the project ; the project is Dathcom ; does AVZ register get diluted?... Answer is no, why? Because it's 24% of Dathcom, not AVZ
100%....staggering that some don't get the whole kit and kaboodle in this whole Manono equation is fucking Dathcom.

That's where the ML lies....that's where the money and power and interest and every other players eyes are......corrupt or otherwise
 
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Winenut

Go AVZ!
FUCK ….. 🤯 🤯 🤯

Here I am trying to decide Lamb or Fish for dinner 😱


GLTAH
Go the fish....but no squid at Brighton again today

I just can't get there at the right time.....wife and kids preclude the perfect fishing time:rolleyes:.....bless 'em! :cool:
 
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Azzler

Top 20


There is also a troll saying that's a different man with the same name but it sure looks like him ... :unsure:

Nah, google around a litle bit.
It looks like whoever wrote the article about Tantalex used a picture of the wrong guy by the same name, wouldnt be the first lazy journalism picture woopsie.
So yes the guy in the picture of the article IS the Yves on Twitter, but it's not the Tantalex Yves.
Weird tho.
 
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Samus

Top 20
Nah, google around a litle bit.
It looks like whoever wrote the article about Tantalex used a picture of the wrong guy by the same name, wouldnt be the first lazy journalism picture woopsie.
So yes the guy in the picture of the article IS the Yves on Twitter, but it's not the Tantalex Yves.
Weird tho.
Yeah was just reading the same, wierd indeed. Can't tell the crooks from the other crooks. :LOL:
 
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obe wan

Regular
Isn't CATH putting up around $500mil . $24O MIL FOR 24% and the rest towards construction . Nigel also mentioned another $500 mil through African lenders ready to go . Money not an issue .
Yes I know cash isn't an issue, but old mate reckons that CATH should hoof over $240m without the licence and AVZ can live off that and pay it's legal fees for years to come 🙄

“we would be well financed to continue operations and defend these challenges for years with the $240 million.”

FFS, the project needs to be accelerated and $240m is the tip of the iceberg of what needs to be stumped up in order to get the project to commissioning stage. Expecting CATH to hand over 240m without ML so we keep the lights on and keep the lawyers coffers full is bollox ; Dathcom can't erect any process plant until the ML is granted ; CATs balance of payment above the $240m doesn't get released until construction operations are advanced.

Yes CATHs input is around that 450m mark and yes African Development bank are supposedly going to fund in the region on $500m; surprise surprise this amounts to around the figure of $1b CAPEX required to build the plant infrastructure dry; the plant would take around 2 years to build..

DoubleA says

I am referring to a situation (the current situation) where the mining license has NOT been granted. I would like: ( short story - Cath to pay up the $240m pre ML ; why -

- AVZ not to be the only one who loses out big time if the project goes south -----Gofundme -CATH $240m 🙄
- Increased influence through investment of a powerful partner -- Goriskme -CATH $240m
- AVZ not running down to the last dollar and running the risk of becoming insolvent- GonotCatsissue - as currently own 0% of the project

DoubleA, if Cath dished up the $240m which was initialy for mine development costs, but we obviously don't have a licence and so it can't go towards mining development costs, but we keep the lights on for years and pay the lawyers well ; will CAT refill that Jar and play let's forget..not a chance
 
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Charbella

Regular
“we would be well financed to continue operations and defend these challenges for years with the $240 million.”

FFS, the project needs to be accelerated and $240m is the tip of the iceberg of what needs to be stumped up in order to get the project to commissioning stage. Expecting CATH to hand over 240m without ML so we keep the lights on and keep the lawyers coffers full is bollox ; Dathcom can't erect any process plant until the ML is granted ; CATs balance of payment above the $240m doesn't get released until construction operations are advanced.

Yes CATHs input is around that 450m mark and yes African Development bank are supposedly going to fund in the region on $500m; surprise surprise this amounts to around the figure of $1b CAPEX required to build the plant infrastructure dry; the plant would take around 2 years to build..

DoubleA says

I am referring to a situation (the current situation) where the mining license has NOT been granted. I would like: ( short story - Cath to pay up the $240m pre ML ; why -

- AVZ not to be the only one who loses out big time if the project goes south -----Gofundme -CATH $240m 🙄
- Increased influence through investment of a powerful partner -- Goriskme -CATH $240m
- AVZ not running down to the last dollar and running the risk of becoming insolvent- GonotCatsissue - as currently own 0% of the project

DoubleA, if Cath dished up the $240m which was initialy for mine development costs, but we obviously don't have a licence and so it can't go towards mining development costs, but we keep the lights on for years and pay the lawyers well ; will CAT refill that Jar and play let's forget..not a chance
 

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You are misunderstanding what I am saying.

AVZ are not going to spend $500m+ without the mining license. If the mining license is granted then the issues are substantially resolved anyway.

I am referring to a situation (the current situation) where the mining license has NOT been granted. I would like:

- AVZ not to be the only one who loses out big time if the project goes south
- Increased influence through investment of a powerful partner
- AVZ not running down to the last dollar and running the risk of becoming insolvent
That‘s the chinese game-plan IMO. Run us out of time and reduces our options and bargaining power.
#FuckZijin
 
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obe wan

Regular
‘Project’ is the operative word, not AVZ and at present its certainly not clear enough under statutory according to the drc plebs that AVZ own enough of the project to dish over that percentage without falling below the mining codes minimum 51% @ application....if it was we’d be through the gated already

The above is snakeheads argument at present
 
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Frank

Top 20
*Jonnno + Manono = Nail on Head, give the man some ❤️


View attachment 33561
*I hope everyone is following our man on the ground ( Jonnno ) fighting for us in the DRC ❤️

*Give the man a Medal from the people of Manono - AVZ BOD & SH's i say (y)


1680610707724.png



1680610751171.png



1680611358515.png


 
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Frank

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
*Fyi MB, I see the Shit is still hitting the Fan at Sicomines as the fight against those fuckin' "Black Chinese" bastards continues, as

Revisiting the DRC-Sicomines contract: Licoco warns the "black Chinese" who are maneuvering against the Congolese state

The Congolese Anti-Corruption League is protesting against certain ill-intentioned people who allow themselves to torpedo the DRC's efforts to revisit the Sicomines contract.

The alert is sounded through a press release made public this Monday, April 3, signed by the executive secretary of Licoco, Ernest Mpararo.

In this press release, the Congolese NGO warns these people whom it describes as "black Chinese".

While welcoming the work done by the General Inspectorate of Finance (IGF) which has invested in the interests of the DRC, the Licoco recalls that the revisitation in question is an initiative to be welcomed.

"The Congolese League against Corruption (Licoco) warns of the presence in the preparatory work for the revision of the Chinese Contract, of people clearly committed to the Chinese cause, without a doubt, at the cost of greenbacks, to torpedo the efforts of the DRC to sign an amendment to the Sicomines convention, as desired by His Excellency the President of the Republic, Head of State.

Licoco recalls that the General Inspectorate of Finance produced a report to the general satisfaction of all Congolese laying bare the predation orchestrated against the interests of the DRC in complicity with certain Congolese who insolently enriched themselves on the back of Sicomines “, informs the press release.

Entitled "the revisitation of the Sicomines contract undermined by black Chinese", the Licoco press release sounds like an awakening of conscience while some citizens engage in activities aimed at tarnishing the image of the country's institutions. :mad:


While recalling the resolutions of the Council of Ministers of March 17, 2023 which "clearly lifted the option of revisiting the Chinese Contract so as to rebalance the advantages between the DRC and Chinese companies", Licoco recalls the need to work tirelessly so that the preparatory work relating to the revision of the Sicomines contract succeeds.

“A week ago, the preparatory work bringing together several state structures, under the chairmanship of the Chief of Staff of the Head of State, began with the aim of establishing a roadmap for negotiations with Chinese companies.

The Licoco which takes part in it observes with indignation the attempts of some ill-intentioned people who are part of this working group who seek to discredit the very appreciable report of the General Inspectorate of Finance, thus sailing against the decision of the Chief of the state and the will of the Congolese people.

These people seek to delay the revisitation desired by all Congolese by delaying maneuvers such as requesting another technical audit of the Sicomines Convention”, denounces Licoco.

The NGO notes that since the existence of the said convention, no state structure has managed to obtain financial and operating data from this Company, which behaved like a state within a state.

It is almost a miracle today, she thinks, that a Congolese control service manages to dissect this convention on the basis of real data and to highlight glaring imbalances to the detriment of the DRC.

For Licoco, it is clear that the revisitation desired today is an opportunity that the DRC must not miss.

Licoco as well as other civil society organizations, guardians of the interests of the DRC, warn these "black Chinese" and keep an eye on them.

The Congolese NGO, which claims to have all the information on these people described as "black Chinese", promises not to hesitate to make public the identities of these enemies of the Republic if the latter do not give up their macabre plan and their desire for quick enrichment on the back of the Congolese people.


Head-to-head Kamerhe-Alingeti to the national economy!


The General Inspectorate of Finance promises to support the Ministry of National Economy, by providing its expertise in economic and financial inspection.

This was indicated by the Inspector General, head of services, Jules Alingete at the end of a head-to-head, this Monday, April 03, with the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe.

“The General Inspectorate of Finance is willing to support the economic, commercial and industrial inspection department of the Ministry of National Economy in the context of price control of products that are sold throughout the national territory.

It is a mission and a job that we have had to do in the past, so we are ready.” underlined Jules Alingete, Inspector General of Finance, Head of Services.

It was also a moment, for the two personalities, of sharing experience in dealing with economic and financial issues, but also and above all, of the expectations of the Ministry of National Economy vis-à-vis the General Inspectorate of Finances.

“We are also a working tool for the entire executive, it is quite normal that we can support the Ministry of National Economy in achieving its objectives.

We expect His Excellency the Deputy Prime Minister, Minister of the National Economy, to boost the economy of our country, and that many of the economic parameters are now under control, in the general interest of our populations”, concluded the Inspector General of Finance, head of department.

It should be noted that the support and involvement of the IGF requested by the Deputy Prime Minister in charge of the Economy, Vital Kamerhe, will enable his portfolio to fight against the leakage of revenues in his sector, by strengthening economic control and supporting the Directorate responsible for it within the said Ministry.

mediacongo

Food for thought :unsure:

Frank :cool:
 
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DoubleA

Regular
Yes I know cash isn't an issue, but old mate reckons that CATH should hoof over $240m without the licence and AVZ can live off that and pay it's legal fees for years to come 🙄

“we would be well financed to continue operations and defend these challenges for years with the $240 million.”

FFS, the project needs to be accelerated and $240m is the tip of the iceberg of what needs to be stumped up in order to get the project to commissioning stage. Expecting CATH to hand over 240m without ML so we keep the lights on and keep the lawyers coffers full is bollox ; Dathcom can't erect any process plant until the ML is granted ; CATs balance of payment above the $240m doesn't get released until construction operations are advanced.

Yes CATHs input is around that 450m mark and yes African Development bank are supposedly going to fund in the region on $500m; surprise surprise this amounts to around the figure of $1b CAPEX required to build the plant infrastructure dry; the plant would take around 2 years to build..

DoubleA says

I am referring to a situation (the current situation) where the mining license has NOT been granted. I would like: ( short story - Cath to pay up the $240m pre ML ; why -

- AVZ not to be the only one who loses out big time if the project goes south -----Gofundme -CATH $240m 🙄
- Increased influence through investment of a powerful partner -- Goriskme -CATH $240m
- AVZ not running down to the last dollar and running the risk of becoming insolvent- GonotCatsissue - as currently own 0% of the project

DoubleA, if Cath dished up the $240m which was initialy for mine development costs, but we obviously don't have a licence and so it can't go towards mining development costs, but we keep the lights on for years and pay the lawyers well ; will CAT refill that Jar and play let's forget..not a chance


Expecting CATH to hand over the $240m without the ML is not bollox, it is WHAT THEY AGREED TO as per the AVZ announcement:

1680612435791.png


If CATH fail to honour the agreement, then AVZ keep the $20m which helps AVZ's financial position. The price CATH got was an absolute bargain, surely there is someone else out there who wants to make billions and has an appetite for risk if they get a huge return on their money.

You keep going on and on, over and over about commissioning and how much it would cost. It is irrelevant to AVZ without the ML approved.

AVZ need the ML approved. AVZ has been suspended for almost a year. This cannot go on forever. AVZ need the support of a large player to get the ML over the line. Wake up mate, the Minister of Mines, minister of Portfolio, DG of CAMI and the list goes on of powerful people in DRC are against AVZ. AVZ need support to get over this ML hurdle.

The Gofundme, goriskme comments are just dumb. CATH want the product. If they want the product and the share of the project which they will make billions off, then they need to take on some of the risk. That is how it works. That is what they agreed to.

AVZ running out of money is not CATH's issue? Well, no shit. It is an AVZ issue as I clearly stated.
 
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Winenut

Go AVZ!
Bad taste joke..

I'm a dwarf and cant take anymore of this AVZ shit n going to end it all

Gunna jump of a kerb

Not bad but it's "off"....not "of"

Who would have thought grammar would be even midely interesting but you know we're all waiting for a BoD announcement!:rolleyes:
 
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Rediah

Regular
Not bad but it's "off"....not "of"

Who would have thought grammar would be even midely interesting but you know we're all waiting for a BoD announcement!:rolleyes:
'off of' be better? :ROFLMAO:
 
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obe wan

Regular
Expecting CATH to hand over the $240m without the ML is not bollox, it is WHAT THEY AGREED TO as per the AVZ announcement:

View attachment 33632

If CATH fail to honour the agreement, then AVZ keep the $20m which helps AVZ's financial position. The price CATH got was an absolute bargain, surely there is someone else out there who wants to make billions and has an appetite for risk if they get a huge return on their money.

You keep going on and on, over and over about commissioning and how much it would cost. It is irrelevant to AVZ without the ML approved.

AVZ need the ML approved. AVZ has been suspended for almost a year. This cannot go on forever. AVZ need the support of a large player to get the ML over the line. Wake up mate, the Minister of Mines, minister of Portfolio, DG of CAMI and the list goes on of powerful people in DRC are against AVZ. AVZ need support to get over this ML hurdle.

The Gofundme, goriskme comments are just dumb. CATH want the product. If they want the product and the share of the project which they will make billions off, then they need to take on some of the risk. That is how it works. That is what they agreed to.

AVZ running out of money is not CATH's issue? Well, no shit. It is an AVZ issue as I clearly stated.
We’re getting there …. Yes we all know that ‘both parties agree’ to waiver the condition’ in mid Feb 2022 …. And yes we’ve all asked why hadn’t us been released …but what do you reckon blew up that condition …. was it the same thing that blew up our mining licence which we recieved the initial decree for on the 4th of May 2022 ?

It’s pretty clear that Zijin and Dathomir bubblings were brewing prior to mid feb 2022 ( waiver ann ) … unfortunately shareholders weren’t privy to such information until they read down into page 3 of the decree announcement on the 4th of May 2022…. So if shareholders didn’t know ; how much did CATH know when both decided to waiver mid feb ?

Logic would suggest that Zijin and Dathomir issues were being forced to light and that’s why that waiver never happened. So that’s unfortunately most likely why we don’t and won’t have that $240m lodged in the account prior to issue of ML

I reckon alot if individuals knew about the issues a bit earlier when they were happening wheither AVZ thought they were without merit or not ; I bet a lot of opposite decisions would have been made ; most likely CATH included ; guess is that we’d have never seen that waiver on on the 16th Feb 22 either
 
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