AVZ Discussion 2022

[John Reed]

Discoverd?
Or given information directly from Z because AVZ dismissed their claim.
They needed someone on the "inside" to stir concern, to get people worried.
Ahh then they have their so called "informer" in place.

It was also incredibly obvious and common knowledge that boatman and Tommy were acting fraudulently for personal gain.
He uncovered nothing, but it was a good excuse to look like you're on team AVZ. Investigate something on our detractors that in the end ammounts to nothing.

What you’re confabulating about is irrelevant to what was discovered. If you truly believe that then you’re here just for entertainment .

 

[BEISHA]

" confabulating "..........

" malfeasance "............

 

[Xerof]

That statement is even more true following today’s revelations.

And yes, i’ve taken to quoting my own posts. Come at me.

Today I identify as a single persona. Same as yesterday, same tomorrow

My pronouns are I, me

You do too Mr

 

[Azzler]

" confabulating "..........

" malfeasance "............


View attachment 36499

Oh let him keep thinking he's such a clever spy crafter man, lol who cares.

 

[Chase]

Exposed

 

[SilentOne]

I dont mean to be the elephant in the room, but did Z pay for their 15% in full - I am intrigued.

Regards,

Silent

 

[TDITD]

I dont mean to be the elephant in the room, but did Z pay for their 15% in full - I am intrigued.

Regards,

Silent

Still about $817 million short mate

 

[Flight996]

I dont mean to be the elephant in the room, but did Z pay for their 15% in full - I am intrigued.

Regards,

Silent

Probably not.
I previously searched Zijin's half-year and full-year accounts, and did not find a line item that approximates $US28 million. I also emailed Zijin's office about the balance, but no response.

Cheers

 

[BEISHA]

Hot and fiery amongst a few posters today..........

Some say we are going back to hot crapper standards...............

Are you kidding me ?

Apart from a few individuals measuring the size of their umbrella handle, intell still amazing.........right or wrong.!!

What would you rather have....................read TOLATE / BRUCE 15 - 25 times a day having a sook and scrolling thru countless pages finding a bit of intelligence at HC ?

Or read amazing intell , fiery debates, with a few upper cuts in between at TSE ?

Just remember folks, for those who have a bit of extra testosterone towards certain individuals, or just want to improve their viewing pleasure, may i suggest this..........

 

[John Reed]

Probably not.
I previously searched Zijin's half-year and full-year accounts, and did not find a line item that approximates $US28 million. I also emailed Zijin's office about the balance, but no response.

Cheers

What exchange rate did you use?

This 213,203,408 RMB comes to about $30mil USD

 

[LX600]

According to Zijin Annual report, $33m was fully paid

 

[Azzler]

Hi here is Peter. I'm back with my broken english, sorry for that. And yes, i put up with the discrimination of some people here. Too bad that it is tolerated in a forum. But no matter what counts is AVZ.

I've had a thought in my head since this morning that I can't let go of. What do Cominiere and Zijn want compensation for? Can anyone help me with this question?

Exactly my thoughts too and I'm kinda scratching my head why no one is really talking about this.
If they're seeking damages for their claimed ownership, wouldn't that imply they've been removed from the project?
Otherwise what are the damages for?

 

[Flight996]

What exchange rate did you use?

This 213,203,408 RMB comes to about $30mil USD

Yup, that's approximately $34,197,947.12 US Dollars (USD)

I'm not an accountant, so I am happy to be proven wrong, but isn't this line item within Zijin's Annual Report about the change in value of its investment, rather than expenditure?
In other words, it's the initial value at start of reporting period vs final value at end of reporting period.

Cheers
F
https://www.unitconverters.net/currency/cny-to-usd.htm
https://themoneyconverter.com/CNY/USD

 

[Onthefm]

Exactly my thoughts too and I'm kinda scratching my head why no one is really talking about this.
If they're seeking damages for their claimed ownership, wouldn't that imply they've been removed from the project?
Otherwise what are the damages for?

I think everyone is to scared to dream. After all the let downs. I know I am. But here's hoping.

 

[Frank]

You've just got to fucking laugh at this point.

 

[Azzler]

I think everyone is to scared to dream. After all the let downs. I know I am. But here's hoping.

Well to be honest I'm hoping someone might shut me down with any other possible explanation.

 

[John Reed]

Yup, that's approximately $34,197,947.12 US Dollars (USD)

I'm not an accountant, so I am happy to be proven wrong, but isn't this line item about the change in value of its investment, rather than expenditure?
In other words, it's the initial value at start of reporting period vs final value at end of reporting period.

Cheers
F
https://www.unitconverters.net/currency/cny-to-usd.htm
https://themoneyconverter.com/CNY/USD

I think this is published in 2023 for 2022. So, at the end, is my assumption.

That’s it’s heading:

Zijin Mining Settlement Co.
Notes to the Financial Statements (continued)
For the year 2022
V. NOTES TO MAJOR ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13.
Long-term equity investments (continued)

====

紫金矿业集困股份有限公司


财务报表附注（续）


2022年度


五、合并财务报表主要项目注释（续）


13.


长期股权投资（续）

===

This is the column heading:
年初余额 = Balance at the beginning of the year

===

There’s nothing under gains and losses attributed.

===

There’s an exchange adjustment “汇兑调整” 24,213,937


=====

To me this is still opaque and wouldn’t pass grade 11 maths in society subject at my high school, because where’s the exchange rate?
Big accountants think they’re too call for detail

 

[Frank]

 

[MoneyBags1348]

Exactly my thoughts too and I'm kinda scratching my head why no one is really talking about this.
If they're seeking damages for their claimed ownership, wouldn't that imply they've been removed from the project?
Otherwise what are the damages for?

More nonsense by Zijin to draw out the process…. Remember this from teabag:

Chinese mining giant Zijin Mining has blamed ASX-listed AVZ for the decision by the Democratic Republic of Congo to revoke a mining licence for the Manono lithium tenement, reputed to be among the largest untapped lithium deposits in the world.

Zijin claims a 15 per cent ownership interest in Manono, with AVZ claiming a 75 per cent ownership interest. Democratic Republic of Congo’s (DRC) Minister of Mines revoked the licence on January 28.

“We encourage AVZ to show greater cooperation with other Dathcom shareholders,” said Ms Chen Chen, Zijin Mining’s in-house legal counsel.

“It is regrettable that AVZ has caused the Manono project to stall. Zijin will continue to work closely with relevant parties to progress the development of the Manono Project, to the benefit of local DRC communities.”

I know in this case Zijin and Ms Chen Chen are just greedy slimes…. normally you could wonder how people become so deluded, but then when you are on this forum on daily basis, deluded seems to be the normal

Don’t you agree my new mate @cruiser51!

@Frank
Nothing from johnno tonight? C’mon!

@BEISHA
I’m wondering if that silly looking Robin Hood is John (you know who). Getting hard to mention names here without getting modded, even made up ones like John (you know who)

Just having a bit of fun before I go to bed…. I did like that bit about “the largest untapped lithium deposit in the world”