AVZ Discussion 2022

[cruiser51]

So you reckon AVZ are hiding behind the fact we have a TIA with CATH instead of a normal sale as the reason for no Cominiere pre-emption notification?

Makes sense but it's a bit shady to announce the deal to the ASX without telling the JV partners first. Not that I care if Cominiere are getting rat fucked by this structuring haha

But it does give ammo to Cominiere with their 'AVZ don't have any money' claims which they have used to delay the finalising of the licence as we can't fund construction without the CATH money as things stand in official announcements

View attachment 36059

This out of the original TIA announcement:

As you can see, the completion of the 24% sale to CATH was subject to Dathcom board and shareholders approval.

If Cominière still is a part of Dathcom, they will be part of the decision making process.

No need to cry over spilled milk, as AVZ did not spill any milk.

So far no sale, so no need to get hot under the collar.


As it stands AVZ 75%, Cominière 25%

15% of AVZ's 75% disputed by Dathomir.

15% of Cominière 25% to be sold to Zijin,disputed by AVZI under JV Pre-emptive rules.

Zijin dispute with AVZI is regarding Zijin's demands for a seat on the board of Dathcom.
AVZI told Zijin on not to misunderstanding terms to fukkoff, as their 15% is illegally obtained against JV pre-emptive rules.

5% of Cominière 25% disputed by MMCS.


The outcome of the disputes depend on the verdicts of the ICC.

How will they rule?
By International Standards, which will be upheld by the ICC.

So far Cominière has been told to back off, play by the rule book and pay 90% of the court cost to find this out the hard way (plus a penalty of € 50,000/day for not adhering, if they select to do so).

So where does CKK stand?
IMO one foot under the bus.
Zijin, FT, Jules A, the DRC population and a whole host of other people are wrestling for a front row position to give the final push.

 

[JAG]

@JAG

Love your two piccys - this one and the jail house pineapple

This one displayed here carries all the facets of beautiful corruption in one snap, and I piss myself laughing every time you post it

Could I suggest replacing Guy with Celestine in the Jail pic, to make the image current and appropriate?

TIA

getting sorted mate

 

[Carlos Danger]

Could you expand on this further for the thicker people like me?

We've got a signed sealed and delivered Financial study to accompany a robust DFS.
Is that not what is required to prove we have the financial capacity to build this mine?

In what way can it be construed that we don't have the funds backing us to do this?

On one hand we are saying we definitely have the money for construction but on the other we are saying Cominiere get no pre-emption because we technically haven't decided to sell because all we have is a transaction agreement. CATH can walk at anytime for 20m.

Obviously they won't but Cominiere would be using this against us with the MoM because they are desperate

 

[Carlos Danger]

TO THE NEWBIES OUT THERE INCLUDING TOMMY WANKER FROM AFR

Current percentages of Dathcom as they stand.

AVZ 75%..................Subject to ICC dispute with DATHOMIR 15%

COM 15% / DRC 10%.......Com 15% subject to ROFR AVZ / ZIJIN ICC dispute

AVZ could have 90% control of Dathcom if both ICC deliberations are favourable

AVZ could have 60% control of Dathcom if both ICC deliberations are not favourable

Add CATH 24% to the mix

a) Assuming AVZ have 90% control, equation looks like this ( AVZ 66%, CATH 24%, DRC 10% ).........my preferred option

b) Assuming AVZ have 60% control , equation looks like this ( AVZ 36%, CATH 24%, ZIJIN 15%, DATHOMIR 15% , DRC 10% ).......Oooops, that cant happen cause AVZ dont have 51% operator control as per DRC mining law

c) Assuming AVZ have 60% control, equation must look like this ( AVZ 51%, CATH 9%, ZIJIN 15%, DATHOMIR 15%, DRC 10% )

That last equation would be a working nightmare with ZIJIN / DATHOMIR crooks having 30% , never the less, AVZ retain control, no matter what.


@Carlos Danger ................would i be correct in those scenarios ?


imo, imo

Yep all looks good to me

 

[Carlos Danger]

It is not a question of hiding.
It is more a part of a chess game to counter the attempted wheeling and dealing by the bastards of Cominière in cahoots with Zijin.

This announcement should not be seen on its own.

Look at the date of the announcement, when all this was playing out and how long Zijin has been fukking around, it tells you a little bit of the story behind the scenes.
The timing was very special.

Anybody who thinks that NF, or the AVZ BoD are a bunch of twits walking around with their heads up their arses, makes a big mistake, that is included CKK.
He will find out the hard way what happens, if you don't know the rules and want to play with the big boys.

No prisoners will be taken in this game.
A nudge, wink and a smile and you are under the bus in Kinshasa central.

Yeah probs the wrong word to use but I meant it in a positive way if that makes sense haha

 

[ptlas]

You show me one document which states that AVZI has sold 24% of Dathcom to CATH.

All they have is an agreement to sell (the famous TIA), which either of the parties can cancel any time, even today!

But the 24% has not been sold, very simple.
Why do you think this 24% has not been sold as yet?

I don't think AVZ is as stupid as Cominière.

Indeed
TIA keeps getting extended

 

[ptlas]

TO THE NEWBIES OUT THERE INCLUDING TOMMY WANKER FROM AFR

Current percentages of Dathcom as they stand.

AVZ 75%..................Subject to ICC dispute with DATHOMIR 15%

COM 15% / DRC 10%.......Com 15% subject to ROFR AVZ / ZIJIN ICC dispute

AVZ could have 90% control of Dathcom if both ICC deliberations are favourable

AVZ could have 60% control of Dathcom if both ICC deliberations are not favourable

Add CATH 24% to the mix

a) Assuming AVZ have 90% control, equation looks like this ( AVZ 66%, CATH 24%, DRC 10% ).........my preferred option

b) Assuming AVZ have 60% control , equation looks like this ( AVZ 36%, CATH 24%, ZIJIN 15%, DATHOMIR 15% , DRC 10% ).......Oooops, that cant happen cause AVZ dont have 51% operator control as per DRC mining law

c) Assuming AVZ have 60% control, equation must look like this ( AVZ 51%, CATH 9%, ZIJIN 15%, DATHOMIR 15%, DRC 10% )

That last equation would be a working nightmare with ZIJIN / DATHOMIR crooks having 30% , never the less, AVZ retain control, no matter what.


@Carlos Danger ................would i be correct in those scenarios ?


imo, imo

That's how I see it.

Interesting discussion as this is revisiting old ground from a few occasions last year.

It seems that peeps are realising that we all put our two bob each way on the winner.

The only issue now is what the starting price was?

Hope those Pommie analogies translate into ocker

 

[John Reed]

Yes this is wrong, to be brutally honest as silly as Tommy's uneducated ramblings.

At this very moment all CATH has an TIA (a signed document), which can be terminated any time.

Any Idea why the deal was continually extended without completing?

The deal has never been completed, ie CATH has an agreement to buy, but not bought.


To explain this in very simple terms....

I sell you my car, if I buy a new one.
However I have not sold my car as yet. So, no sale as yet.
I hope this explains.

A completely different concept as the AVZI - Dathomir deal, which is a completed sales contract!

Yes this is wrong, to be brutally honest as silly as Tommy's uneducated ramblings.

At this very moment all CATH has an TIA (a signed document), which can be terminated any time.

Any Idea why the deal was continually extended without completing?

The deal has never been completed, ie CATH has an agreement to buy, but not bought.


To explain this in very simple terms....

I sell you my car, if I buy a new one.
However I have not sold my car as yet. So, no sale as yet.
I hope this explains.

A completely different concept as the AVZI - Dathomir deal, which is a completed sales contract!

Condition precedent; mining license is the obvious one.

The SAS to SA company for Dathcom structure was a CP for Yibin Tianyi to invest, for AVZ to have more control over the Board.
Cominiere doesn’t seem to have understood or accepted that. Minister of Mines does though.
Perhaps this is why Cominiere doesn’t have the pre-emptive rights it thought it has.

I think or should i say, guess this is one of the single biggest points on how AVZ blocks the equity theft attacks legally speaking. And it is the least discussed

 

[Goat]

Zijin own 0% of nothing! There is no way the ICC will allow the illegal transaction to go through!

 

[Frank]

If the twitter-sphere has any penetration to the upper echelon of DRC government it would be getting very uncomfortable for some of the rotten sods. A lot of posters calling out MoM, MoP for their greed and one gets a feeling they are sick and tired of the populace being condemned to poverty while the select few corner the spoils. I spotted a picture of a large chap wearing a flash suit and a very expensive watch in the same frame as MoM,MoP and that dodgey snakehead prick accompanied by the following post:

"First international judgment AVZ Minerals vs COMMINIERE, the DRC is being humiliated at the international level following the cover and tolerance of the president the members of his corrupt government who did not want to decide between the two parties for the benefit of the people"

Pressure for old mate to do the right thing is building.

Jules Alingete slams politicians obsessed with “unpunished illicit enrichment”

On Twitter, the policeman of public finances, Jules Alingete has attracted many supporters for the evocation of his thesis according to which “unpunished illicit enrichment is an obstacle to the development of Africa”.

His messages pierce all currents and mobilize opinion against the impunity granted to embezzlers of public funds.

With each of his posts on Twitter, a lot of support is expressed.

Congolese line up behind his fight.

“We encourage any action aimed at exposing the gravediggers of our fragile economy.

If you keep digging, you will have other surprises even more shocking than the ones we have just experienced”, wrote Gabriel Nyangwile.

And the lawyer Lompempe Jeannot to add that: “the major obstacle to the development of African countries is corruption and embezzlement.

The two scourges plague States, but with the unwavering will of all of us, it is possible”.

The spite of Jules Alingete must challenge society.

The inversion of values constitutes a brake for the take-off of the black continent.

It is unthinkable that crooked politicians, chief embezzlers of public funds, pretend to be givers of lessons in good governance.

Without mincing words, the Inspector General of Finance recalls that "the practice of lying, deception, treason, unpunished illicit enrichment, the primacy of mediocrity over excellence having taken up residence in politics Africa, remains an obstacle to any development”.

If he disapproves of the bad apples' impulse to persist in evil, Alingete, on the contrary, praises the politicians who openly oppose these degrading practices. “Politicians who engage in the fight against these anti-values are to be congratulated“, he recalled.

Jules Alingete is today an icon in Africa, a model, a reference in the fight against corruption.

Unfortunately, tough-skinned politicians refuse, despite constant advice, to convert to serve the community.

Selfish, petty, they only defend their own interests to the detriment of the population they falsely claim to defend.

Solid safeguards have taken shape in the DRC.

Behind Alingete, a wall is gradually being built that will block all forms of corruption and prevent any embezzlement of public funds.

 

[Frank]

 

[Carlos Danger]

The SAS to SA company for Dathcom structure was a CP for Yibin Tianyi to invest, for AVZ to have more control over the Board.
Cominiere doesn’t seem to have understood or accepted that. Minister of Mines does though.

Then why would the MoM cite Cominiere's claims eg 'abuse of majority' in the new decrees?

 

[Frank]

 

[Frank]

 

[DoubleA]

I think I have caught out old mate Cominiere impersonator.

When you use google translate, it often translates ICC to CPI depending on the context. What French speaking person would refer to the ICC as the CPI?

Not a real account.

 

[David Krappenschitz]

I think I have caught out old mate Cominiere impersonator.

When you use google translate, it often translates ICC to CPI depending on the context. What French speaking person would refer to the ICC as the CPI?

Not a real account.

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View attachment 36115

“Serious people solve their dispute on the same table that saw the birth of their partnership”
Yet slimy Celestin doesn’t show up to the recent dathcom meeting and opts for a zoom call instead lmao

 

[DoubleA]

Nope… it’s french translation.

Cour pénale internationale (CPI)

But it’s the International criminal court.

Our case is at the ICC International Court of Arbitration, or am I wrong?

So it seams this guy makes of course a mistake.

The International Criminal Court is separate surely?

Why would Cominiere be referring to the International Criminal Court? It reads to me like someone has just put ICC into google translate.

 

[Ozthescot]

The International Criminal Court is separate surely?

Why would Cominiere be referring to the International Criminal Court? It reads to me like someone has just put ICC into google translate.

They are two completely different entities.

 

[Ozthescot]

The MoM have made a new instruction order on the 26th april to cami:

Suspending the receipt of new applications for mining and exploitation rights at the Mining Register.

I hope our application is not part of it.

To clean up the registry supposedly or is that covert speak for cover up the corruption.

It looks as though the tweet from the cadastre has been deleted now

 

[DoubleA]

Well done to whoever made this. Great visual representation.