AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
Still about $817 million short mate
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
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..........
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
Regular
Attachments
Azzler
Top 20
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?
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
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I think everyone is to scared to dream. After all the let downs. I know I am. But here's hoping.
Frank
Top 20
Azzler
Top 20
Well to be honest I'm hoping someone might shut me down with any other possible explanation.
John Reed
Regular
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
MoneyBags1348
Top 20
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”
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Hi John
You are right about it being opaque. But it appears to be notes to the Balance Sheet, rather than a Cashflow Statement, so it indicates the change in values of the asset over the reporting period, rather than expentiture.
I think Zijin 'bought' 15% of Dathcom in 2021, so I might have another look at the 2021 Annual Rpt.
And my head hurts from 12 months of relentless DRC/Chinese attacks, and I can't read Chinese.
Cheers
F
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Frank
Top 20
* Meanwhile, Back at Botswana
In Botswana, President Félix Tshisekedi praises the work of the IGF
The President of the Republic, Félix Tshisekedi, took part in the Gaberone economic forum, in Botswana, which brought together Congolese and Botswana entrepreneurs.
These foundations were sanctioned by the signing of a partnership between the Botswana Investment and Trade Center and the National Agency for the Promotion of Investments (ANAPI).
In his speech for the occasion, the Head of State mentioned the efforts made since his accession to the highest office in the DRC to improve the business climate in the country.
Felix Tshisekedi praised the work done, under his leadership, by specialized structures supposed to improve economic governance, including the General Inspectorate of Finance (IGF).
"This table would be incomplete if it did not mention the efforts undertaken to improve the quality of our economic governance by specialized structures, in particular the General Inspectorate of Finance which carries out financial patrols, the Agency for the Prevention and the Fight against corruption, the National Financial Intelligence Unit which stems from our firm desire to create optimal conditions for the development of our country”, remarked Félix Tshisekedi.
The President of the Republic added "that for this purpose, the implementation of the Local Development Program of the 145 territories of the Democratic Republic of Congo, aims to provide the whole country with basic infrastructure without which the private initiative that creates wealth and drives development cannot prosper".
The General Inspectorate of Finance spares no effort to fight against the embezzlement of public funds and thus contribute to the mobilization of revenue.
Jules Alingete is convinced that the financial patrol remains the main key to the eradication of anti-values in public management.
mediacongo
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Mr Inappropriate
Regular
“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”
I wonder if history will show this as the moment that DRC government accidentally did us a favour?
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