AVZ Discussion 2022

[cruiser51]

Franck Fwamba

@FranckFwamba
·
Apr 1

Replying to
@CybelleKamba
The 15% of Cominiere sold to Zijin with the authorization of Mrs. Kayinda were undervalued as stated
@ALINGETEJULES_K

@IgfRdc
in its report on Cominiere because the true value of the said shares had to be determined by the Feasibility Study
@AvzMinerals
.

Democratic Republic of Congo
Call 041031202
Kinshasa, 18 FEv
Ministry of Portfolio
The Minister
N/Ref.: N°255.../MINPF/VB/JRB /CK/2020
Copy sent for information to
Mr. CEO of COMINIERE SA
especially/Gombe
Subject: From the Joint Venture AVZ Minerals-COMINIERE SA for the Manono project - Acknowledgment of receipt
I acknowledge receipt of your unreferenced letter of January 03, 2020, relating to the subject mentioned above, the content of which caught my particular attention and
thank you for it.
provides the following details:
I take good note of all the points raised there, and you
Your request to purchase an additional percentage of the shareholding cannot, at the current stage, receive a favorable response. On the other hand, I ask you to speed up the work of the feasibility studies for the certification of the mining reserves;
With regard to the appointment of the Directors of COMINIERE, to DATHCOM, I will send you a letter relating thereto after analysis of the elements at my disposal;
The question of the final payment of the door step to COMINIERE will have to be the subject of a working session, with your Company, in Kinshasa towards the end of February 2020.
the expression of my highest consideration.
Please
accredit,
Monsieur the
Teacher. Clément KUETE NYIMI BEMUNA
No. 707 Avenue Wagenia - Municipality of Gombe - Tel. +243 12 51 00 592/+243 82 99 42 434- E-mail: minportefeuille 2007@yahoo.fr






@daniel_ikoli

Replying to
@FranckFwamba

How did Ms. Kayinda ignore this note from the Ministry of Mines? I am scandalized by her act, she had all the data in her possession to block this transfer of assets!

Franck Fwamba
Mrs. Kayinda is among those bad Congolese and Katangese who are destroying Katanga to undermine the image of President Tshisekedi in Katanga. What is it doing to raise the public mining companies that are in Katanga: Cominiere, Sodimico, Kisenge Manganese as guardianship

 

[Carlos Danger]

Franck Fwamba
@FranckFwamba
·
Apr 1

Replying to
@CybelleKamba
The 15% of Cominiere sold to Zijin with the authorization of Mrs. Kayinda were undervalued as stated
@ALINGETEJULES_K

@IgfRdc
in its report on Cominiere because the true value of the said shares had to be determined by the Feasibility Study
@AvzMinerals
.


View attachment 34029

Democratic Republic of Congo
Call 041031202
Kinshasa, 18 FEv
Ministry of Portfolio
The Minister
N/Ref.: N°255.../MINPF/VB/JRB /CK/2020
Copy sent for information to
Mr. CEO of COMINIERE SA
especially/Gombe
Subject: From the Joint Venture AVZ Minerals-COMINIERE SA for the Manono project - Acknowledgment of receipt
I acknowledge receipt of your unreferenced letter of January 03, 2020, relating to the subject mentioned above, the content of which caught my particular attention and
thank you for it.
provides the following details:
I take good note of all the points raised there, and you
Your request to purchase an additional percentage of the shareholding cannot, at the current stage, receive a favorable response. On the other hand, I ask you to speed up the work of the feasibility studies for the certification of the mining reserves;
With regard to the appointment of the Directors of COMINIERE, to DATHCOM, I will send you a letter relating thereto after analysis of the elements at my disposal;
The question of the final payment of the door step to COMINIERE will have to be the subject of a working session, with your Company, in Kinshasa towards the end of February 2020.
the expression of my highest consideration.
Please
accredit,
Monsieur the
Teacher. Clément KUETE NYIMI BEMUNA
No. 707 Avenue Wagenia - Municipality of Gombe - Tel. +243 12 51 00 592/+243 82 99 42 434- E-mail: minportefeuille 2007@yahoo.fr




@daniel_ikoli

Replying to
@FranckFwamba

How did Ms. Kayinda ignore this note from the Ministry of Mines? I am scandalized by her act, she had all the data in her possession to block this transfer of assets!

Franck Fwamba
Mrs. Kayinda is among those bad Congolese and Katangese who are destroying Katanga to undermine the image of President Tshisekedi in Katanga. What is it doing to raise the public mining companies that are in Katanga: Cominiere, Sodimico, Kisenge Manganese as guardianship

 

[wombat74]

I imagine they still think there's a reasonable chance of pressuring the government to strip our licence through various underhand strategies, which they can then swoop in themselves with enough promises of infrastructure, brown bags, and greater ownership weighting for DRC. Until that chance is gone I can't see them spending 4b$ on something they may be able to get a hold of anyway

Agree . Zijin have always wanted control . The 15% is just Bull Sh1t side story / distraction . How serious is the MoM about getting this sorted ASAP is my question . Already over 2 months since it was a "matter of urgency ." If it gets too prickly will she drag it out ? Use the Chinese play book ?

 

[Carlos Danger]

Agree . Zijin have always wanted control . The 15% is just Bull Sh1t side story / distraction . How serious is the MoM about getting this sorted ASAP is my question . Already over 2 months since it was a "matter of urgency ." If it gets too prickly will she drag it out ? Use the Chinese play book ?

The MoM was hoping Nigel would fold after her raise. Instead he has gone all in. The MoM can't afford to see the river imo

 

[Juba1845]

The MoM was hoping Nigel would fold after her raise. Instead he has gone all in. The MoM can't afford to see the river imo

"The MoM can't afford to see the river ."
Sorry could you please explain what this means? English is my second language. Thank you

 

[Remark]

"The MoM can't afford to see the river ."
Sorry could you please explain what this means? English is my second language. Thank you

River poker

The river is the last of the community cards dealt in a game, both in poker tournaments and cash games. It's also known as fifth street, as it's the fifth and final of the five community cards. Most importantly, the river often makes or breaks a hand and decides the outcome of a showdown.

 

[ptlas]

They could just make us an offer ($4billion + USD ) . End of story . My question is , when does this become a time / money issue for AVZ ? We have a very limited supply of both .

Not for me.

Yanks and other westerners want this bad.

If we've got ML etc, etc then they'll be sniffing big style. Would be amazed if they're not already.

So then it's $10, but yeah US$10

 

[Dazmac66]

This is an interesting concept. Expose the whole debacle for the world to see.

 

[Bray]

View attachment 34046 This is an interesting concept. Expose the whole debacle for the world to see.

Doubt the DRC even has 20 billion, they could have that and more though.. if they pulled their fucking heads out of their asses and did the right thing by their people and AVZ

 

[Onthefm]

The MoM was hoping Nigel would fold after her raise. Instead he has gone all in. The MoM can't afford to see the river imo

I like all these gambling terms the only problem is he's gambling with my fucken money.

 

[Carlos Danger]

I like all these gambling terms the only problem is he's gambling with my fucken money.

 

[Onthefm]

View attachment 34047

Unfortunately can't walk away.

 

[Carlos Danger]

Unfortunately can't walk away.

I've consistently said we should be trading since I started posting here. But this situation is a good reminder never to invest / bet more than you can afford to lose.

My initial capital exposure here is a touch over 15k. Won't change my life in the slightest if I don't get it back. However if Nigel wins the hand I'll probably never have to work again.

 

[wombat74]

I've consistently said we should be trading since I started posting here. But this situation is a good reminder never to invest / bet more than you can afford to lose.

My initial capital exposure here is a touch over 15k. Won't change my life in the slightest if I don't get it back. However if Nigel wins the hand I'll probably never have to work again.

Mate you were always of the belief Roche Dure was in the bag and the dispute over the North was the hold up . What's your take on things now ?

 

[9cardomaha]

I like all these gambling terms the only problem is he's gambling with my fucken money.

9 Card omaha doesn't even need to get to the river to have a flush in hand.... might they be playing my game?

 

[Carlos Danger]

Mate you were always of the belief Roche Dure was in the bag and the dispute over the North was the hold up . What's your take on things now ?

I don't think I ever said RD was in the bag. It was only in the bag if we allowed Zijin in Dathcom or gave up the north. The hold up on RD was always Mupande and the surface rights games that the partition allowed him to play.

My take now is that Cominiere have signed the offer from Zijin and the MoM is trying to bully AVZ into accepting one of the outcomes by forcing us to negotiate with them. Nigel's response has been to call bullshit in his letter and work with the NGO's and officials in Manono to show that Cominiere are absolute fucking morons.

If we don't play her games then the MoM will be forced to issue us the PE for all of 13359 or take it all off us. The DRC won't risk pissing off the gringos and this becoming a case study in why not to invest there while they are currently begging for western investors imo

 

[wombat74]

I don't think I ever said RD was in the bag. It was only in the bag if we allowed Zijin in Dathcom or gave up the north. The hold up on RD was always Mupande and the surface rights games that the partition allowed him to play.

My take now is that Cominiere have signed the offer from Zijin and the MoM is trying to bully AVZ into accepting one of the outcomes by forcing us to negotiate with them. Nigel's response has been to call bullshit in his letter and work with the NGO's and officials in Manono to show that Cominiere are absolute fucking morons.

If we don't play her games then the MoM will be forced to issue us the PE for all of 13359 or take it all off us. The DRC won't risk pissing off the gringos and this becoming a case study in why not to invest there while they are currently begging for western investors imo

Cheers Mate . So Nigel has effectively backed these mother f--kers into a corner and the world is watching .

 

[whales]

I don't think I ever said RD was in the bag. It was only in the bag if we allowed Zijin in Dathcom or gave up the north. The hold up on RD was always Mupande and the surface rights games that the partition allowed him to play.

My take now is that Cominiere have signed the offer from Zijin and the MoM is trying to bully AVZ into accepting one of the outcomes by forcing us to negotiate with them. Nigel's response has been to call bullshit in his letter and work with the NGO's and officials in Manono to show that Cominiere are absolute fucking morons.

If we don't play her games then the MoM will be forced to issue us the PE for all of 13359 or take it all off us. The DRC won't risk pissing off the gringos and this becoming a case study in why not to invest there while they are currently begging for western investors imo

There is also the possibility of compromise.
Zijin pay appropriate value for the 15% .
MOM and MOP continue with their positions and Felix continues to focus on his re election .
Dathcom remain 51% majority owner of all of the tenement and
24% to CATH.
No need for ICC if the above agreed ???

 

[Carlos Danger]

Cheers Mate . So Nigel has effectively backed these mother f--kers into corner and the world is watching .

I'd say we are holding our ground. We have done everything by the book and have the receipts to prove it. Meanwhile our detractors are named in the IGF report as having conspired to sell a state asset below market value. We are the victims of our own success in the drilling results and the vision of Felix's business climate will be seen as a joke by the international community if they rat fuck us over a 'dispute' that should have been sorted out within the DRC months ago.

There could still be a compromise of some sort. Everyone will be looking to save face here. No doubt the Chinese are putting significant pressure on the DRC government to get them something out of this shitshow. But any negotiations are best done from the strongest possible position. And we have the best hand on the table as it stands and don't have any reason to publicly give ground to any of Cominiere's nonsense. Negotiations behind closed doors may be different.

 

[Carlos Danger]

There is also the possibility of compromise.
Zijin pay appropriate value for the 15% .
MOM and MOP continue with their positions and Felix continues to focus on his re election .
Dathcom remain 51% majority owner of all of the tenement and
24% to CATH.
No need for ICC if the above agreed ???

It's possible

Although I think you mean AVZ would be 51% owner of Dathcom which would own all of the tenement

I think this exact offer is on the table from Cominiere right now but we aren't taking it