AVZ Discussion 2022

[Flexi]

X
They haven't officially announced anything to that effect as yet.

 

[Samus]

If Felix does not step in pre tribunal , he's proven DRC is not that safe at all. Cominiere selling 15% of state interest illegally and dirt cheap behind his back and he has not said a word as yet, and then he's going to make AVZ go and fight it in arbitration when it's not even ours, wtf, gtfo Felix you've just proven you have no authority at all to reign in fraud if it comes from certain departments

Yes herein lies the true problem imo and one of the main reasons I'd not likely feel comfortable moving forward if zijin gets their way.
May not have a choice however, in reality probably need to hang in long enough for the share price to be scraped from the dirt..

 

[Xerof]

@Flexi but they have said studies are being done, so I'm assuming they'll be preparing funding to match the higher cost
@BEISHA everything you say is correct, except for the dog. The avatar is actually the late Syd Barrett before he fried his brain (or during perhaps)

In Felix we trust (for now) I'm thinking the suspension until 20th is to give Felix time to crack the whip

 

[Xerof]

I think we all need to remember their safety valve on all this is to pull out of the CATH deal. We would find another JV partner in an instant, probably at a more favourable entry price, and Z can go fuck themselves with a minority 15%, one board seat of 6, and no say what-so-ever in how we operate

But I don't think thats where its heading, just the fallback emergency lever to be pulled if required

 

[Winenut]

@Flexi but they have said studies are being done, so I'm assuming they'll be preparing funding to match the higher cost
@BEISHA everything you say is correct, except for the dog. The avatar is actually the late Syd Barrett before he fried his brain (or during perhaps)

In Felix we trust (for now) I'm thinking the suspension until 20th is to give Felix time to crack the whip

Yes. Absolutely my more (cough, cough) elderly friend

The 20th is a pretty decent amount of time for someone (FT, the DRC Govt, AVZ, the Paris court, CATH?...all of the above!!! ) to sort some of this sht out

You might have a few years on me but my musical taste definitely digs back far enough into the late 60's and 70's to know where you're coming from

I'm happy for shorters to get squeezed but I ain't squeezin' their lemon till the juice runs down their leg!

We await more news........patiently.................as always

Cheers

 

[Samus]

I think we'll be right either way SP wise once the dust settles and some numbers start getting thrown around. I think no matter what happens we'll see $2....will that be this year time will tell depending on many variables atm.

So much we don't know atm, and so much news we are waiting for that's meant to be a stones throw away BFS, FID, drilling results, early works update. One great thing about suspension is we could potentailly be coming out with all the awaited news at the same time....and oh boy will it be one hell of a short squeeze. Surely the shorts are more worried than the longs right now....I'd be shitt'n bricks if I was short right now, but as a long I'm more so meh worst case shouldnt actually be too bad,, shorts worst case is omg tribunal ruled in AVZ favour, BFS is gorgeous, updated DFS is off the charts, FID's there too, they've got more delicious drilling results, early works complete, CATH's given the $240m and they've started the mine.....there goes my house, or fund

Yes let's see what happens, hard not to be ropeable about the conduct that has occurred right now. 2 bucks sounds good, I'll be happy enough to invest it elsewhere if these filth get their way.

Regarding suspension, I take it we are not still able to get the usual asx updates until it's lifted then? I asked the question earlier as I have not experienced this situation before. Did start reading the asx documents but it was putting me to sleep trying to find the info.

 

[Winenut]

I think we all need to remember their safety valve on all this is to pull out of the CATH deal. We would find another JV partner in an instant, probably at a more favourable entry price, and Z can go fuck themselves with a minority 15%, one board seat of 6, and no say what-so-ever in how we operate

But I don't think thats where its heading, just the fallback emergency lever to be pulled if required

100%

 

[Sammy_da_Smile]

This is not at all how I read it, Zinjin is disputing ownership, not rights.

Rights is a licence, and they mention specifically "mining" rights, which is something they've never had before.
They would have to get a mining licence to have that right.

So if we are thinking the suspension is to do with the Mining License rights, (not arbitration) why such a delay until 20th? I guess they can still release sooner?

Thinking about it, it seems odd, as we didn't go into an extended halt after we received the first announcement about ML?

If it was the same scenario, you'd think we would have stayed in halt until we had full ML and fees paid?

Maybe due to the zijin saga they figured a suspension is a better course of action under the alias of the Mining rights TH?

 

[Samus]

I think we all need to remember their safety valve on all this is to pull out of the CATH deal. We would find another JV partner in an instant, probably at a more favourable entry price, and Z can go fuck themselves with a minority 15%, one board seat of 6, and no say what-so-ever in how we operate

But I don't think thats where its heading, just the fallback emergency lever to be pulled if required

I'm wondering does this depend on conditions set out within the mining licence?
Could we not be effectively forced into accepting CATH as a partner due to financing requirements as seems to have been implied over the months?

 

[Sammy_da_Smile]

I'm wondering does this depend on conditions set out within the mining licence?
Could we not be effectively forced into accepting CATH as a partner due to financing requirements as seem to have been implied over the months?

Could well explain the lead time date being 20th.

 

[Samus]

Could well explain the lead time date being 20th.

Can't help feeling the end game of the cunning rat Chinese is more complicated than we're comprehending right now.
Feels like multifaceted assault slowly unfolding.
Hopefully I'm just paranoid.

 

[Sammy_da_Smile]

Can't help feeling the end game of the cunning rat Chinese is more complicated than we're comprehending right now.
Feels like multifaceted assault slowly unfolding.
Hopefully I'm just paranoid.

Yeh with everything that has been going on recently can't blame you. We also could be in a massive rabbit hole due to the amount of information we have been seeing and discussing.

 

[John25]

I think we all need to remember their safety valve on all this is to pull out of the CATH deal. We would find another JV partner in an instant, probably at a more favourable entry price, and Z can go fuck themselves with a minority 15%, one board seat of 6, and no say what-so-ever in how we operate

But I don't think thats where its heading, just the fallback emergency lever to be pulled if required

Exactly Z can well & truly......themselves from a 61 year olds perspective

 

[BEISHA]

mmmm...... @Remark

I just had a couple of juicy glasses of a classy McLaren Vale red blend

I've got Mexican on the stove with condiments to prepare for basically the "house of the never well"

Bloody PCR tests for the very crook daughter, non threatening hopefully but pain in the arse biopsy for the wife etc etc etc

Both asleep currently on the couch

mmmm.....

Might get them sorted and pour myself a few more.....

Who knows what might happen over on the crapper later!!!!

Most of the trolls are coming from the red neck LTR holders, I got an LTR chart all made up, no description, FP has srewed the wave count again, you could have a bit of fun with that, give him / they the impression you are a gun chartist, add a few wines and get creative.

All in the name of KARMA

lol

 

[Hemicuda]

Most of the trolls are coming from the red neck LTR holders, I got an LTR chart all made up, no description, FP has srewed the wave count again, you could have a bit of fun with that, give him / they the impression you are a gun chartist, add a few wines and get creative.

All in the name of KARMA

lol

Haha love it

 

[CashKing]

Fuck me Tea Bag is back on HC, those mods just don’t learn…

That’s enough HC for today I think…

 

[CashKing]

Fuck me Tea Bag is back on HC, those mods just don’t learn…

That’s enough HC for today I think…

Bitch crazy even liking my post wtf..

 

[CHB]

AVZ’s salutary lesson for lithium boom

Unlocking the value sitting in the world’s biggest lithium resource in the Democratic Republic of the Congo is proving problematic for AVZ Minerals.

www.afr.com

 

[CHB]

 

[BEISHA]

I have just realised we have a few LTR critters on this site.............going to acquaint myself.

lol