AVZ Discussion 2022
- Thread starter GazDix
- Start date
Retrobyte
Hates a beer
If it's French it will be piss easy for us now
Frank
Top 20
The IMF has concluded the fourth review of the Extended Credit Facility Agreement with the DRC.
The Executive Board of the IMF concluded this Wednesday, June 28, 2023, the fourth review of the Extended Credit Facility Agreement with the DRC.
This decision by the IMF authorizes a disbursement of 203.3 million USD which will consolidate the international reserves.
This 5th disbursement brings total disbursements to date to SDR 761.5 million (about $1 billion 17 million) to support balance of payments needs.
The Congolese economy has shown obvious resilience and performance.
Real GDP growth is estimated at 8.9% in 2022, supported by higher than expected mining production, which has also led to a significant increase in government revenue.
The IMF confirms in its report that the progress made under the Program remains satisfactory.
All end-2022 performance criteria were met, including the various structural benchmarks.
All indicative targets were also achieved.
mediacongo
*Just to remind the
in the DRC running this Shit Show
The Executive Board of the IMF concluded this Wednesday, June 28, 2023, the fourth review of the Extended Credit Facility Agreement with the DRC.
This decision by the IMF authorizes a disbursement of 203.3 million USD which will consolidate the international reserves.
This 5th disbursement brings total disbursements to date to SDR 761.5 million (about $1 billion 17 million) to support balance of payments needs.
The Congolese economy has shown obvious resilience and performance.
Real GDP growth is estimated at 8.9% in 2022, supported by higher than expected mining production, which has also led to a significant increase in government revenue.
The IMF confirms in its report that the progress made under the Program remains satisfactory.
All end-2022 performance criteria were met, including the various structural benchmarks.
All indicative targets were also achieved.
mediacongo
*Just to remind the
in the DRC running this Shit Show
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Xerof
Flaming 1967
Ok, I would like to get to the bottom of this development around CAMI now showing COMINIERE as 100% ownership
When the ML was issued as a MoM decree, CAMI updated their site, showing the split tenement for 13359. We were in disbelief initially, but it was eventually confirmed by AVZ, and by discovery of the decree, that indeed the tenement had been split. We know AVZ appeared to have been duped into agreeing to the split, but thats just a red herring: the CAMI site update was correct
When the ML was revoked, and 13359 restored to its original 221 carre but back to a PR from PE, we eventually got notification from AVZ and MoM decrees. So the CAMI site was correct
My point at this stage is that CAMI has been updated with the correct information provided by the higher authorities
This latest update to ownership being in COMINIERE's name 100% has had no confirmation from anyone of any credibility, not AVZ (at least not directly, but perhaps inferred via the application to ICSID), nor any MoM decrees surfacing. We have only had gloating notification from the psychopathic cunt via an unconfirmed twitter account, and gleefully tailgated by his lemming followers
I simply ask:
WHAT THE FUCK IS GOING ON?
Does anyone have credible evidence that DATHCOM still holds the PR over 13359, or alternatively, credible evidence that they don't
When the ML was issued as a MoM decree, CAMI updated their site, showing the split tenement for 13359. We were in disbelief initially, but it was eventually confirmed by AVZ, and by discovery of the decree, that indeed the tenement had been split. We know AVZ appeared to have been duped into agreeing to the split, but thats just a red herring: the CAMI site update was correct
When the ML was revoked, and 13359 restored to its original 221 carre but back to a PR from PE, we eventually got notification from AVZ and MoM decrees. So the CAMI site was correct
My point at this stage is that CAMI has been updated with the correct information provided by the higher authorities
This latest update to ownership being in COMINIERE's name 100% has had no confirmation from anyone of any credibility, not AVZ (at least not directly, but perhaps inferred via the application to ICSID), nor any MoM decrees surfacing. We have only had gloating notification from the psychopathic cunt via an unconfirmed twitter account, and gleefully tailgated by his lemming followers
I simply ask:
WHAT THE FUCK IS GOING ON?
Does anyone have credible evidence that DATHCOM still holds the PR over 13359, or alternatively, credible evidence that they don't
Carlos Danger
Top 20
Not a direct confirmation as such but the official announcement for the ICSID arbitration refers to 13359 as 'Dathcom's principal asset'
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Azzler
Top 20
It's a very good question mate.
I think we've all been expecting a response but so far nothing.
The only thing I've heard is that NF has said, unofficially, that we shouldn't take what the cami site says too seriously.
I've asked some more privy holders the same thing and that's all they got.
Not long ago someone on twitter posted their data digging of cami and found it still under the name Dathcom.
I think it was Jens who commented that the change might just be Window dressing.
It happened when Cominiere announced they're cancelling the JV, so I expect it was a part of that attempt.
But I feel like it's very uncool for management to have remained silent over the matter, I mean it's realy very fucking concerning to shareholders.
Even if they don't know what's going on themselves they should have responded to it immediately
Poor form, really poor form.
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Given that we are now in an ASX enforced suspension for not meeting our continuous disclosure obligations, do you think there's a likelihood that AVZ may not even provide an update on the CATH extension? If AVZ are in full black out mode to keep the detractors second guessing, why announce anything at the moment?
MoneyBags1348
Top 20
The IMF has concluded the fourth review of the Extended Credit Facility Agreement with the DRC.
The Executive Board of the IMF concluded this Wednesday, June 28, 2023, the fourth review of the Extended Credit Facility Agreement with the DRC.
This decision by the IMF authorizes a disbursement of 203.3 million USD which will consolidate the international reserves.
This 5th disbursement brings total disbursements to date to SDR 761.5 million (about $1 billion 17 million) to support balance of payments needs.
The Congolese economy has shown obvious resilience and performance.
Real GDP growth is estimated at 8.9% in 2022, supported by higher than expected mining production, which has also led to a significant increase in government revenue.
The IMF confirms in its report that the progress made under the Program remains satisfactory.
All end-2022 performance criteria were met, including the various structural benchmarks.
All indicative targets were also achieved.
mediacongo
*To Remind,
View attachment 39060
Thanks for providing more info Frank. I sent this off to the IMF this morning….
AVZ Minerals spent 6 years & millions of dollars developing the Manono Project. The project, ML & ownership delayed, then removed by the actions of Cominiere, Chinese company Zijin and Simon Cong (Read the IGF report)
AVZ carried out Soil Sampling Field Mapping Consulting Drilling Metallurgical Testing FEED Study Securing a lease on an Industrial Site for logistics (road haulage, rail & port services & infrastructure rehab to the road from Manono)
AVZ produced a 160 page DFS; Received DFS Technical Approval; Had a SEZ Agreement; Tendered for Mining Infrastructure; Followed the DRC Mining Code; Satisfied all required approvals - Environmental; Financial Capability (through Raising Capital, Negotiating Funding with Pan African DFI’s and Offtake Agreements for both Lithium and Tin); Favourable Cadastral & Technical Opinion of the DFS for the Manono project; Produced 85 page Sustainability Report including ESG & 7 ESIA Reports. Decree to award the ML was granted then taken away.
Unfortunately this was all I could get into the form because I was on my phone. I’ll be on my laptop later and will send a more detailed email to them later today
Might now be worth mentioning Mupande in every piece of information put out there relating to our project…. A lot of people know this arsewipe is corrupt and those who don’t should be informed
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Xerof
Flaming 1967
@Azzler
this is the post you refer to on data digging
I tried to get down the rabbit hole, but my arse got stuck at the entrance, and couldn't delve any deeper.
I wonder if @mooorning could run the query as of today and see if the result is the same ( or anyone else who knows how to use a computer, lol)
marksmann007
Regular
For what it’s worth on the cominidiots site the joint venture still remains unchanged for 13359
MoneyBags1348
Top 20
Unfortunately Marksmann I think the only thing they have updated is the date, they still have Athanase as the Director General (Managing Director) and I’m pretty sure he’s still in jail
More likely in Europe with all the other supposed arrested corrupt pricks.
MoneyBags1348
Top 20
Remember when Friday was joke day…. I always loved this old classic from TITS (@TDITD)
https://www.captiongenerator.com/v/2282957/zijin-find-out-they-can't-steal-manono
https://www.captiongenerator.com/v/2282957/zijin-find-out-they-can't-steal-manono
Remark
Top 20
Announcement out. Not what I was expecting
MoneyBags1348
Top 20
Well looks like we just got our Friday announcement…. 120 page announcement on excellent drill results (2% - 4.9% LiO) I’ll take that 
Now one last joke then I have to get on with my training….
The minister comes home after a day of preaching at his church.
He says to his wife
“What’s for dinner darling?”
“Bloody steak” she says
“ Oh lord, you know you shouldn’t swear, I’m a minister of god” he says
“No no” she says, “It’s just the way you cook it, rare with the blood still running out of it”
“Oh ok, that’s alright then” he says
10min later little Johnny comes home and says to the minister…. “Hey dad, what’s for dinner”
The minister replies “We’re having bloody steak”
“Great” say’s little Johnny “Pass the fucken sauce”
Now one last joke then I have to get on with my training….
The minister comes home after a day of preaching at his church.
He says to his wife
“What’s for dinner darling?”
“Bloody steak” she says
“ Oh lord, you know you shouldn’t swear, I’m a minister of god” he says
“No no” she says, “It’s just the way you cook it, rare with the blood still running out of it”
“Oh ok, that’s alright then” he says
10min later little Johnny comes home and says to the minister…. “Hey dad, what’s for dinner”
The minister replies “We’re having bloody steak”
“Great” say’s little Johnny “Pass the fucken sauce”
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One can only assume that management knew 8+ months ago the absolute shit fight this would turn into hence the cash burn for drilling. Get a few more cents for that TO. I’ll take it
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