AVZ Discussion 2022
- Thread starter GazDix
- Start date
I believe that this is the one they allegedly pushed through and 'approved' after convincing a judge to convene an extraordinary Dathcom board meeting isn't it? Boggles the mind how they think that flies. They were saying that was the only way to get a meeting because AVZ was refusing Cominieres requests for a meeting. But how is a corrupted judge chairing an emergency meeting legal, especially when the 75% holder is not present. Surely it's not. It was trying to remove this illegal decision from the Dathcom board minutes that started some other troubles, including I believe Graeme Johnston's issue.I would say DFS 2 will not be released until the dust has settled.
Why waive a red flag in front of a bull out of his senses?
You gotta be out of your brains.
Ever been in a paddock with a bull?
No need to aggravate one.
I would say by now, Zijin and Cominière have worked out roughly the real value, they think ....
That's why CKK thought he hit a once in a life time jackpot and tried his best, with the help of criminal Zijin.
Read this article:
2023 may 17
Manono Lithium: COMINIERE registers ZIJIN in the DATHCOM Trade Register despite AVZ's opposition
NEWSECONOMY
Manono Lithium: COMINIERE registers ZIJIN in the DATHCOM Trade Register despite AVZ's opposition
May 17, 2023
Kiki Kienge
By Kiki Kienge
Also in its ZIJIN tax letter to COMINIERE (the Congolese mining company), the Chinese group recognizes during an Extraordinary General Meeting of DATHCOM partners on November 20, 2021, the opposition of the AVZ Minerals group the sale of COMINIERE's 15% stake in DATHCOM and the refusal to see ZIJIN as a partner in the joint venture:
“Given that AVZ International Pty Ltd, which is the majority shareholder in DATHCOM, contested all the resolutions adopted during the Extraordinary General Meeting of November 20, 2021 of DATHCOM, thus abusing its majority, consequently the coordinated Articles of Association of DATHCOM, as amended by the resolutions of the General Meeting of November 20, 2021, have not yet been signed to date.
Can we read in ZIJIN's letter.
Now don't forget at this stage Zijin or its subsidiary wasn't part of the JV and AVZ held 75% and Cominière held 25%!
Ignoring AVZ Minerals' right of veto, COMINIERE proceeded with the registration in the Trade and Personal Property Credit Register of DATHCOM and the registration at the Single Window for Business Creation in Lubumbashi of JIN CHENG, a subsidiary of the ZIJIN group. who had acquired the 15% of COMINIERE:
“Given that the minutes of the aforementioned Extraordinary General Meeting were notarized, filed at the Single Window for Business Creation in Lubumbashi on November 23, 2021, and its resolutions were registered in the Register of Commerce and Credit Mobilier RCCM of the company DATHCOM. ZIJIN letter .
The ZIJIN group confirms the payment of the sum of US$33,400,000 for the purchase of the 15% share of its subsidiary JIN CHENG from COMINIERE and considers the holding of the Extraordinary General Meeting held on November 20, 2021, as a legalization of its subsidiary as a partner of DATHCOM:
"Since COMINIERE and JIN CHENG entered into a share transfer agreement on September 10, 2021 (the "Transfer Agreement"), according to which COMINIERE transferred to JIN CHENG the 15% of shares it held in the share capital of the company DATHCOM MINING SA (abbreviated DATHCOM), in return for this transfer, a payment of the amount of 33,440,000.00 USD (Thirty-three million four hundred and forty thousand US dollars) was made by JIN.CHENG on behalf of COMINIERE (the sale of 15% of shares). »
“Given that the Extraordinary General Meeting of DATHCOM held on November 20, 2021 approved this transaction for the sale of 15% of shares, thus materializing the quality of JIN CHENG as one of the shareholders of DATHCOM. »
Who, or what approved this transaction?
I am pretty sure it wasn't AVZ, while holding 75% of the JV!
RHyNO
Regular
This is a beautiful standardisation of pricing and I hope AVZ will be happy to normalise our pricing in this way to give all buyers a chance at our lithium for these very reasonable rates. 5 - 10 X the price we have been assessing our resource at. But reasonable none the less.It would not surprise me at all to see the board have put an offer quietly aside, ready to produce ala LTR at the opportune time.
This would certainly put a marker down for our SP. We already have Zijin valuing us off of our old DFS at $5.6 Billion.
TO offer, new BFS and a string of announcements to come out, it will be interesting times.
In regard to our BFS did you guys see what EUR have agreed on their spod con price in their ANN on friday ?
EUR will sell the lithium spodumene concentrate to the JV company at a reduced rate with a floor price of US$3,000/t and a ceiling price of US$7,000/t over the life of the current resource of the Wolfsberg mine.
Reduced rate, min USD$3000 max USD$7000
Now remember our DFS was at a price of USD$673.70
Carlos Danger
Top 20
Cumquat Cap
Regular
Wonder why these twitter trolls are deleting their accounts enmasse? Spyda especially was a straight up Chinese bot - maybe some positive movement behind closed doors?
Xerof
Biding my Time 1971
He's still there under another spyder, now says he's a Perth broker who likes to pump and dump. Gee, thats original
I think he sold AVZ at under 5 cents, and has the complete shits (like a lot of these trolls) i.e. he dumped before the pump
Winenut
Go AVZ!
Last edited:
Leaders Talk: Exclusive with DR Congo President Felix Tshisekedi
How can an African developing country endowed with an exceptional abundance of natural resources, including minerals such as cobalt and copper, hydropower potential, significant arable land, and immense biodiversity, move up the value chain toward growth
news.cgtn.com
Leaders Talk: Exclusive with DR Congo President Felix Tshisekedi
How can an African developing country endowed with an exceptional abundance of natural resources, including minerals such as cobalt and copper, hydropower potential, significant arable land, and immense biodiversity, move up the value chain toward growth
How does that work? China's model is 'exploit DRC'. Do they just start bribing their own officials to corruptly divert resource benefits away from the public good?
Sparrowhawk12
Regular
How did FT come from a small minority party to become president, getting Kabila's support and then slowly weaning of Kabila'ists and building his own power base ... and yes he seems to have great mentor(s) including Vital Kamerhe, who must know every DRC Pollie trick of the trade - https://en.wikipedia.org/wiki/Vital_Kamerhe .
Felix would know how to keep on the good side CN/CCP, whilst steering his own DRC course. Just hope that is what he's doing.
Huge test for Felix in Dec-2023. Hope he wins.
IMO. DYOR. GLTAH.
Br Sparrowhawk12.
Jesus is it just me or are the women elite in drc more easily corrupted . Or are they the fall people for the shadowy men in the background.
It's called nepotism.
He got the top job with the blessing from Kabila, who is still a very popular person in the DRC.
marksmann007
Regular
It‘s dated this year with our logo up top centre.
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