Winenut
Go AVZ!
Mate....if you need any decent food and booze to get through a show like the "AVZ, Dathcom, DRC, Zijin sinbin fiasco" I'm your goto investor
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
Go AVZ!
Hi Freeo
Appreciate the translation of the article
Unfortunately it doesn't clarify what is specifically being questioned or why?
Is it the whole Dathcom PE in it's entirety in relation to AVZ and Cominiere?.... or just the issues around the possible dodgy sale by Cominiere of 15% to Zijin in direct contradiction to the pre-emptive rights AVZ purports to hold under the JV agreement?
Luckily I have employed Kalleske's wonderful "Clarry's" Barossa GSM red blend with dinner followed by a small shot of Absolut Vodka (made in Sweden
) to settle my nerves and dull my synapses before awaiting the announcements on the 'morrowCheers
Frank
Top 20
Largest number of senior government officials
Unmatched by any other Mining event in Africa, Mining Indaba continues to host the largest number of senior government officials from across Africa and beyond. Heads of States and Ministers come to address the industry and provide updates on new policies and their plans for the future.See which Ministers and Head of States will be in attendance in 2022.
H.E. Jean-Michel Sama Lukonde Kyenge
Prime Minister
Democratic Republic of Congo
Hon. Antoinette N'Samba Kalambayi
National Minister of Mines
Democratic Republic of Congo
* So why No mention of the Coolest Cat in Africa / DRC
Mining Indaba - Presidents & Ministers
Investing in African Mining Indaba is the worlds largest mining investment conference, dedicated to the capitalisation and development of mining in Africa.
miningindaba.com
Mining Indaba - Presidents & Ministers
Investing in African Mining Indaba is the worlds largest mining investment conference, dedicated to the capitalisation and development of mining in Africa.
miningindaba.com
U.S. stock futures climb after three days of heavy selling
Frank
Top 20
Largest number of senior government officials
Unmatched by any other Mining event in Africa, Mining Indaba continues to host the largest number of senior government officials from across Africa and beyond. Heads of States and Ministers come to address the industry and provide updates on new policies and their plans for the future.
See which Ministers and Head of States will be in attendance in 2022.
H.E. Jean-Michel Sama Lukonde Kyenge
Prime Minister
Democratic Republic of Congo
Hon. Antoinette N'Samba Kalambayi
National Minister of Mines
Democratic Republic of Congo
* So why No mention of the Coolest Cat in Africa / DRC
View attachment 6169
View attachment 6170
Mining Indaba - Presidents & Ministers
Investing in African Mining Indaba is the worlds largest mining investment conference, dedicated to the capitalisation and development of mining in Africa.
U.S. stock futures climb after three days of heavy selling
View attachment 6176
View attachment 6174
So why No mention of the Coolest Cat in Africa / DRC
FYI, fwiw, Stop looking, I just found the Cat
Abidjan Climate Summit: Heads of State sign commitment to combat desertification and drought
Heads of State and Government gathered on 9 May in Abidjan, Côte d'Ivoire, at the United Nations World Conference on Land called on the international community to take urgent measures to "stem the loss of human life and livelihoods the world is experiencing due to the increasing and devastating effects of desertification, land degradation and drought”.
It was during the Summit of Heads of State convened ahead of the opening of the 15th session of the Conference of Parties (COP15) to the United Nations Convention to Combat Desertification (UNCCD).
According to the final communiqué, the Summit concluded with the adoption of the "Abidjan Call", which urges to give the highest priority to the issue of drought and reinforces the commitment to achieve neutrality on land degradation by 2030.
The leaders' call for action comes in response to a stark warning from the United Nations Convention to Combat Desertification (UNCCD) that up to 40% of all ice-free land is already degraded, with disastrous consequences for climate, biodiversity and livelihoods.
“Our Summit must be one of hope, of the collective mobilization of States and development partners, in favor of initiatives to restore the lands and forests of our countries.
We must use all the resources of our Conventions to meet the ever-increasing food needs and cope with the ever-increasing water stress of an ever-growing world population,” said Alassane Ouattara, President of Côte d'Ivoire.
Frank
Top 20
Sama Lukonde in Cape Town to participate in the International Mining Indaba Forum 2022
The Prime Minister of the DRC, Jean-Michel Sama Lukonde has been staying since the evening of this Sunday, May 08, in Cape Town in South Africa to participate in the international forum Mining Indaba 2022.
Placed under the theme "Evolution of the African mining sector: investing in energy transition, ESG and savings", this 25th edition of the Indaba Mining forum since its creation, finds a managerial alternative so that the first beneficiaries of mining resources are first and always Africans.
According to the Congolese Minister of Communication and Media and government spokesman, Patrick Muyaya Katembwe, the participation of the DRC in these meetings is of great importance and is placed at the center of the issues.
“The Democratic Republic of Congo is used to participating in this major continental meeting which discusses mining issues. But you know that because of Covid-19 it has been two years and two months since this meeting took place. This recovery meeting comes with a theme that puts the Democratic Republic of Congo at the heart.
You have followed the speeches particularly of the Zambian President where there was much more talk about the role that the DRC can play not only in the energy transition but also in the production of batteries and everything related to the challenges of the 21st century”, said said Patrick Muyaya.
"For us as a Government, it was important and that is what justifies the participation of the Prime Minister himself, at a high level, to show that we want to take advantage of this platform to convey the message of the Democratic Republic of Congo as Solution country both in the preservation of the climate, but also as a solution country involved in the production of the main materials that go into the formation of electric batteries which are essential in the energy transition”, he said.
It should be noted that several Heads of State are taking part in this meeting as well as several mining sector operators, members of civil society including mining sector experts from all over the world, to discuss and boost investments in the said sector in order to promote the development of the African continent.
Food for thought on the Road to Mining Manono
GLTA-AVZH's
Frank
The Prime Minister of the DRC, Jean-Michel Sama Lukonde has been staying since the evening of this Sunday, May 08, in Cape Town in South Africa to participate in the international forum Mining Indaba 2022.
Placed under the theme "Evolution of the African mining sector: investing in energy transition, ESG and savings", this 25th edition of the Indaba Mining forum since its creation, finds a managerial alternative so that the first beneficiaries of mining resources are first and always Africans.
According to the Congolese Minister of Communication and Media and government spokesman, Patrick Muyaya Katembwe, the participation of the DRC in these meetings is of great importance and is placed at the center of the issues.
“The Democratic Republic of Congo is used to participating in this major continental meeting which discusses mining issues. But you know that because of Covid-19 it has been two years and two months since this meeting took place. This recovery meeting comes with a theme that puts the Democratic Republic of Congo at the heart.
You have followed the speeches particularly of the Zambian President where there was much more talk about the role that the DRC can play not only in the energy transition but also in the production of batteries and everything related to the challenges of the 21st century”, said said Patrick Muyaya.
"For us as a Government, it was important and that is what justifies the participation of the Prime Minister himself, at a high level, to show that we want to take advantage of this platform to convey the message of the Democratic Republic of Congo as Solution country both in the preservation of the climate, but also as a solution country involved in the production of the main materials that go into the formation of electric batteries which are essential in the energy transition”, he said.
It should be noted that several Heads of State are taking part in this meeting as well as several mining sector operators, members of civil society including mining sector experts from all over the world, to discuss and boost investments in the said sector in order to promote the development of the African continent.
Food for thought on the Road to Mining Manono
GLTA-AVZH's
Frank
Mouthpiecenomnom
Regular
The issue is vapour. Let. it. go. mate.
Samus
Top 20
I'd like to see some answers. Perhaps it is, we're all counting on it.
I'm not sure why you've singled me out again when the entire discussion has been based around this issue for the past week or so?
Winenut
Go AVZ!
They're questioning the awarding of ML to AVZ based on parts of the FS, what seems to be wanting more of a slice for the RDC.....extremely hypocritical considering theyre letting a Chinese state owned company mine in their country. We'll cut them a deal, they can fight it out with Zijin for the 15%, we've got mining to do
with the corruption we're seeing in Cominiere in favour of Zijin I cant help but think this is part of the attack, more bribes, they've proven so easy to bribe, but surely there's no way big man Felix is gonna let them make a fool of him after just selling AVZ's mine and battery hub pledge to the world. It appears Felix and Co know full well of this corrupt branch within Cominiere and have just chosen to overrule them with the ML, which coudl give us some insight about what they also think of some in Cominiere trying to illegally sell 15% to Zijin, lets see whats next
"They're questioning the awarding of ML to AVZ based on parts of the FS, what seems to be wanting more of a slice for the RDC....."
In full honesty I didn't see that in the snippet @ohreally
I know it's a technical point but AVZ hasn't been awarded the ML....Dathcom have (of which we understand at this point AVZ owns 75%)
I'm not sure what you mean by "based on parts of the FS, what seems to be wanting more of a slice of DRC" .
I'm not being cute here I genuinely don't know what you mean by that
Cheers
Nut
Winenut
Go AVZ!
I don't think it's vapour
And I'm not trying to be a pain in the ass
But the questions remain until it's absolutely clarified who owns that 15% from Cominiere that AVZ says it has the pre-emptive rights over??
And chuck in the shitty mud thrown on the Dathomir 15%
For me I need the AVZ announcements, confirmation from the DRC courts, confirmation from the DRC Govt, confirmation from Felix, minutes or something of substance from Dathomir and Dathcom board meetings and a retraction or something similar from Zijin, maybe some official documents supporting relavant transactions and agreements for decent measure....and to really make me feel good an announcement from CATH that confirms it agrees with the likely legal existence of the holy fkn trinity (AVZ 66%, CATH 24%, DRC10%)
It's a complete head fuck to be honest and I'm a LTH
But having been in business, dealt with legals, dealt with boards, dotted the i's and crossed the fucking t's I know there are no guarantees unless these matters are wound up, screwed down and tight as a fishes fkn arse
Again I am hopeful for a positive outcome for AVZ and the DRC in these matters...I really am
We'll find out something more tomorrow and take it from there I guess
Cheers
Nut
Samus
Top 20
Well said Winenut completely agree.
This is a big power play, nothing set in stone yet.
Further to that perhaps some should outline their own views instead of misinterpreting or taking some form of offence to the views of others and getting all uptight.
Beats dictating vaguely threatening one liners like some HC chump.
This is a big power play, nothing set in stone yet.
Further to that perhaps some should outline their own views instead of misinterpreting or taking some form of offence to the views of others and getting all uptight.
Beats dictating vaguely threatening one liners like some HC chump.
Remark
Top 20
Again, well said Winenut, I fully back your opinion on this matter. Looks like for now we wait. GLTA all LTHs.
Mr Inappropriate
Regular
I don’t think “we” take them to court. I think AVZ’s role is to to seek clarification on the ownership from the DRC. if it’s as we hope/expect, we sit back and watch.
I think we are only taking legal action if and when the DRC confirm the sale of % to Z.
Schnitzelfresser
Regular
Yes, in a few hours we are a little more wiser. Hopefully some good news after a trading halt without any additional and arguable informations. We all deserve that.
I hope for ML and an official statement of the ownership. As my top poster wrote the DRC should bring this to court but we should start to bring this baby to production. Waiting for a court case takes too much time.
I hope for ML and an official statement of the ownership. As my top poster wrote the DRC should bring this to court but we should start to bring this baby to production. Waiting for a court case takes too much time.
"@acajasbl
denounces the "selling off of the mining assets of the State company COMINIERE SA relating to the Manono Lithium deposits and asks the Government to demand the revisitation of the Joint-Venture DATHCOM contract".
And the DRC Government responds : NO THERE WILL BE NO REVISITATION .
#DRC The
@MinMinesRDC
Antoinette N'samba
@anskalambayi
had signed a ministerial order awarding the mining permit for the Manono lithium and tin project to the company
@AvzMinerals
.
denounces the "selling off of the mining assets of the State company COMINIERE SA relating to the Manono Lithium deposits and asks the Government to demand the revisitation of the Joint-Venture DATHCOM contract".
And the DRC Government responds : NO THERE WILL BE NO REVISITATION .
#DRC The
@MinMinesRDC
Antoinette N'samba
@anskalambayi
had signed a ministerial order awarding the mining permit for the Manono lithium and tin project to the company
@AvzMinerals
.
Tunedin
One Happy Camper
Good morning fellow LTH’s. Let’s hope we get news that brings back a little positivity in our outlook today. I’m a tad frayed by all the BS that’s been thrown left, right and centre at AVZ by the constant and unrelenting attacks on our jewel of a company. The sheer weight of it has been astounding. Regarding AVZ’s response… they are doing so through offical channels of release. At face value AVZ’s responses don‘t seem to carry the same weight as the endless barrage of online trolls on the crapper and twitter for days on end. The trolls flooding social media know that. Best not to confuse quantity with quality.
That presentation slide released last night was a class act in my opinion. Let’s see what they release this morning.
That presentation slide released last night was a class act in my opinion. Let’s see what they release this morning.
Just spent an hour reading intelligent well reasoned opinions - some of which I share, some not.
Not an insult or smart rs comment in sight. Wonderful.
What is apparent to me is that Z are using a well established playbook and have spent a not inconsiderable amount of time, effort and money on creating this situation.
They will have a plan A , B etc
Consequently , I do not expect this 'problem ' to go away / be resolved any time soon.
What this does to SP or even mine development I have no opinion of as this is all uncharted territory.
Not an insult or smart rs comment in sight. Wonderful.
What is apparent to me is that Z are using a well established playbook and have spent a not inconsiderable amount of time, effort and money on creating this situation.
They will have a plan A , B etc
Consequently , I do not expect this 'problem ' to go away / be resolved any time soon.
What this does to SP or even mine development I have no opinion of as this is all uncharted territory.
Agree with this
The Chinese are ruthless, it's better to undergo it now while Felix is still in power. Can you imagine going through this if he doesn't win the election again?
For me, AVZ doesn't have the cash, time or experience to take the fight to zijin. We really need DRC investigation to rule in our favour.
Can you imagine a big mining company facing these claims and taking it laying down? We unfortunately have to imo. They'd probably send all the lawyers and take the other party to court.
When this is all done and dusted and if we come through with the absolute ownership, for me the next risk hurdle is the 2023 elections.
I wonder how much the Chinese will influence it....
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