AVZ Discussion 2022

[timb89]

I think you're correct Wombat, especially with ICSID they cannot just remove us now - brilliant move. I think a negotiated position is being formulated whereby AVZ mine the spod and CATL process batteries locally (although doubt they'd like to do this for obvious reasons). Alternatively, CATL buys us out and have a vertical supply chain to aggressively expand their business - hope it's the former as we would have to pay 20% corporate tax in the DRC if it were a straight up TO as opposed to floating again where we can sell as we please. Question is how long? Surely with the Election early 2024 Felix will ramp up the campaign and wouldn't want 4 arbitrations against his anti corruption mandate. Just my thoughts

Just a thought. And an absolutely unsubstantiated one.

Perhaps FT could have swung his pen at any point. But swinging during an election cycle is even better. People have short memories. This announcement as theyre about to drop a name in a ballot box would be a good move.

 

[MoneyBags1348]

I’m sure all the people with short memories are going to forget Felix has been dragged kicking and screaming to arbitration in the USA because the whole planet now knows about the corruption related to our project and the fact that Cominiere and CAMI have been allowed to hold up the project and sell it off to the Chinese for $120 million less than what it is worth (and most of that money is mysteriously unaccounted for) and the President, Prime Minister, Minister of Portfolio, Minister of Mines and DG of CAMI have all been complicit in the matter.

Now what was that again…. What ever it was we all seem to have forgotten

 

[geo_au]

I’m sure all the people with short memories are going to forget Felix has been dragged kicking and screaming to arbitration in the USA because the whole planet now knows about the corruption related to our project and the fact that Cominiere and CAMI have been allowed to hold up the project and sell it off to the Chinese for $120 million less than what it is worth (and most of that money is mysteriously unaccounted for) and the President, Prime Minister, Minister of Portfolio, Minister of Mines and DG of CAMI have all been complicit in the matter.

Now what was that again…. What ever it was we all seem to have forgotten

Then why is our BoD so optimistic one may ask. They seemed to be very happy about a positive outcome, so we will have to wait for the next announcement.

 

[Carlos Danger]

Just a thought. And an absolutely unsubstantiated one.

Perhaps FT could have swung his pen at any point. But swinging during an election cycle is even better. People have short memories. This announcement as theyre about to drop a name in a ballot box would be a good move.

The vast majority of DRC voters have no fucking idea about the Dathcom issue imo

 

[Dazmac66]

The vast majority of DRC voters have no fucking idea about the Dathcom issue imo

100% - More worried about where their next feed is coming from.

 

[timb89]

100% - More worried about where their next feed is coming from.

It would come from AVZ (and every western company who would come in with the correct business environment) tax dollars and infrastructure development, as well as the wealth of jobs it would create.

I think deals a govt can make for the benefit of the populace would be an election issue.

 

[Mickyb64]

Then why is our BoD so optimistic one may ask. They seemed to be very happy about a positive outcome, so we will have to wait for the next announcement.

I haven't heard any positivity from our BOD. I've heard absolutely nothing since the last announcement.

 

[Flight996]

AVZ's introduction to its latest announcement (9 Jun 2023) reads as follows:

AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH) (which are both wholly-owned subsidiaries of AVZ Minerals Limited (ASX : AVZ, OTCQX : AZZVF) (Company) and have legal title to AVZ’s 75% interest in Dathcom) along with Dathcom Mining SA (Dathcom) (together, the Claimants) have jointly lodged a request (Arbitration Request) to commence international arbitration proceedings against the Democratic Republic of Congo (DRC)...

I think this long-winded legalese means that AVZ (and its subsidiaries), and Dathcom (and its partners) initiated arbital proceedings in the ICSID.

Given the Dathcom partners' antagonism towards AVZ, I wonder how AVZ got them to agree to ICSID arbitration. Surely, Cominiere (and Zijin) have nothing to gain and a lot to lose in having their corruption, shitfuckery and disregard of the terms of the joint venture agreement exposed in the ICSID setting...so I'm wondering what's in it for them at the ICSID other than the ML, which they have deliberately stalled for the past year.

Cheers
F

 

[obe wan]

AVZ's introduction to its latest announcement (9 Jun 2023) reads as follows:

AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH) (which are both wholly-owned subsidiaries of AVZ Minerals Limited (ASX : AVZ, OTCQX : AZZVF) (Company) and have legal title to AVZ’s 75% interest in Dathcom) along with Dathcom Mining SA (Dathcom) (together, the Claimants) have jointly lodged a request (Arbitration Request) to commence international arbitration proceedings against the Democratic Republic of Congo (DRC)...

I think this long-winded legalese means that AVZ (and its subsidiaries), and Dathcom (and its partners) initiated arbital proceedings in the ICSID.

Given the Dathcom partners' antagonism towards AVZ, I wonder how AVZ got them to agree to ICSID arbitration. Surely, Cominiere (and Zijin) have nothing to gain and a lot to lose in having their corruption, shitfuckery and disregard of the terms of the joint venture agreement exposed in the ICSID setting...so I'm wondering what's in it for them at the ICSID other than the ML, which they have deliberately stalled for the past year.

Cheers
F

Probably because AVZ represents the majority of Dathcom SA, even though that would wash half of Célestin's claims down the sink .
Obviously DLA Piper and ICSID front end backing the majority management decisions within Dathcom SA.

AVZ holding over 50% in Dathcom, so there's the decision i suppose.

We've seen CKK state that the contract was wrong ....3-5 years after initially signing it and just before ML decree...shows you what a clown that guy is

 

[9cardomaha]

AVZ's introduction to its latest announcement (9 Jun 2023) reads as follows:

AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH) (which are both wholly-owned subsidiaries of AVZ Minerals Limited (ASX : AVZ, OTCQX : AZZVF) (Company) and have legal title to AVZ’s 75% interest in Dathcom) along with Dathcom Mining SA (Dathcom) (together, the Claimants) have jointly lodged a request (Arbitration Request) to commence international arbitration proceedings against the Democratic Republic of Congo (DRC)...

I think this long-winded legalese means that AVZ (and its subsidiaries), and Dathcom (and its partners) initiated arbital proceedings in the ICSID.

Given the Dathcom partners' antagonism towards AVZ, I wonder how AVZ got them to agree to ICSID arbitration. Surely, Cominiere (and Zijin) have nothing to gain and a lot to lose in having their corruption, shitfuckery and disregard of the terms of the joint venture agreement exposed in the ICSID setting...so I'm wondering what's in it for them at the ICSID other than the ML, which they have deliberately stalled for the past year.

Cheers
F

The same thing was irking me, but ZJ being 'out' makes this easier to fathom (though it does bring into focus the timeline of events ie application of ICSID, and ZJ fucking off, but whatever, who's keeping track).

For Cominiere, lack of the embarrassment gene and probably thinking this is a plan B to restock their snacks right....

Dathomir not really a concern either since through this process we are fucking 75% despite shitfuckery of CONG, so they can get the fuck right out of here.

My two cents of course, take it or leave it etc.

Edit: Obe covered it more eloquently.

 

[Jazz]

Update.
I have received a good response to the share holder catch up, and a number of direct messages. So this event will be proceeding.

Before the last roadshow a number of holders met up at Young and Jacksons pub in town. Its a good central location, access to transport, and the majority of us are familiar with it. We will be in the side room on the Flinders street side.

Will be there around 6:30pm Tuesday 27th June.

As mentioned previously, and particularly to recent holders. Don't expect any inside info that is going to miraculously change your feelings about this situation. But you can expect to meet people who can fill in some gaps for you, and possibly clarify the potential outcomes from here.

Lurkers and trolls you will no doubt have something to say on this, so i have prepared some notes for you to cut and paste so you can get back to whatever you do...

"AVZ shareholders set up support group in Melbourne LOL, lost cause..."
"AVZ holders seen hugging, crying and throwing up in laneway off flinders street, all Nigel's fault"
"Baggies seen applying for job at local Melbourne bar, manager charges them $100m and a 6 year unpaid trial instead, then gives the job to their cousin"
"AVZ SH's pool their funds in cap raise to buy a kebab and get an uber home, only to find 15% of their home missing"

Update 2.
Just confirming we will be meeting at Young and Jacksons in Melbourne next Tuesday 27th at 6:30pm.

I have confirmed with the pub that there are no bookings or events on Tuesday, as I feel an overcrowded venue would make discussion difficult. But it would be helpful if those who are going to attend could send me a direct message so I can get a gauge on the rough numbers. If it turns out numbers are quite high we may look at reserving a small function room.

We currently have a few knowledgeable holders interested in calling in, so should be a good night.

I look forward to meeting up with you all over a few beers.

 

[Panther22]

The vast majority of DRC voters have no fucking idea about the Dathcom issue imo

Update 2.
Just confirming we will be meeting at Young and Jacksons in Melbourne next Tuesday 27th at 6:30pm.

I have confirmed with the pub that there are no bookings or events on Tuesday, as I feel an overcrowded venue would make discussion difficult. But it would be helpful if those who are going to attend could send me a direct message so I can get a gauge on the rough numbers. If it turns out numbers are quite high we may look at reserving a small function room.

We currently have a few knowledgeable holders interested in calling in, so should be a good night.

I look forward to meeting up with you all over a few beers.

I am definitely interested in that. Will talk to a couple of others that don't follow here too and let you know.

 

[timb89]

Update 2.
Just confirming we will be meeting at Young and Jacksons in Melbourne next Tuesday 27th at 6:30pm.

I have confirmed with the pub that there are no bookings or events on Tuesday, as I feel an overcrowded venue would make discussion difficult. But it would be helpful if those who are going to attend could send me a direct message so I can get a gauge on the rough numbers. If it turns out numbers are quite high we may look at reserving a small function room.

We currently have a few knowledgeable holders interested in calling in, so should be a good night.

I look forward to meeting up with you all over a few beers.

I have no idea if this mechanism is possible but I'd personally love to see a recording of any long form chats if a call takes place in regards to AVZ (as I am sure many would) if you have the capabilities to do so.

 

[Xerof]

Update 2.
Just confirming we will be meeting at Young and Jacksons in Melbourne next Tuesday 27th at 6:30pm.

I have confirmed with the pub that there are no bookings or events on Tuesday, as I feel an overcrowded venue would make discussion difficult. But it would be helpful if those who are going to attend could send me a direct message so I can get a gauge on the rough numbers. If it turns out numbers are quite high we may look at reserving a small function room.

We currently have a few knowledgeable holders interested in calling in, so should be a good night.

I look forward to meeting up with you all over a few beers.

Great initiative on your part Jazz

Are you able to live stream it?

Ah fuck, Tim beat me to it

 

[whales]

The vast majority of DRC voters have no fucking idea about the Dathcom issue imo

Could it be also possible that the President may have also not have been aware to the extent of the corruption by his government ministers and now knows the full extent.
The information regarding Manono may have been screened / filtered before reaching him .
Certainly knows now the extent of corruption .
Will heads roll or T/O offered ?

 

[Xerof]

Could it be also possible that the President may have also not have been aware to the extent of the corruption by his government ministers and now knows the full extent.
The information regarding Manono may have been screened / filtered before reaching him .
Certainly knows now the extent of corruption .
Will heads roll or T/O offered ?

No, no and no

IMO

 

[Roon]

Then why is our BoD so optimistic one may ask. They seemed to be very happy about a positive outcome, so we will have to wait for the next announcement.

The BoD were also highly optimistic about every one of their timelines presented to the public, and look what happened. Obviously they are going to be cheerleaders - it's in the job description. I believe you are being led down the garden path by your supposed BoD contacts, who let's recall were also spouting about the great relations they had with the highest levels of the DRC government. Which turned out to be patently false. Maybe don't take their general blanket statement that they expect a positive outcome at face value given the demonstrable occasions where what they've said is either wrong, or at best, misleading.

 

[Xerof]

@whales

I'll expand on that
First No - To not know about the corruption, he would have had to not read the Jules A Key report. Background though is that he is not in a position of strength to fight the obvious corruption, despite his rhetoric - he does not have majority support to be able to tackle it head on (and anyway, it's probably in his DNA)
Second No - see above - he needs the political support from the very cunts who are corrupt - MoP, PM, probably MoM, and many more
Third No - BoD are entirely focussed on obtaining the ML, it is the only position they can take - please, never talk about a TO without a ML

Having said that, when they finally get it, (and I think they will) bring out the turkeys and we'll talk

 

[Carlos Danger]

Could it be also possible that the President may have also not have been aware to the extent of the corruption by his government ministers and now knows the full extent.
The information regarding Manono may have been screened / filtered before reaching him .
Certainly knows now the extent of corruption .
Will heads roll or T/O offered ?

The IGF report was completed mid last year. It was made public in December. Reshuffle happened early this year and Felix chose politics over rolling heads.

Felix doesn't want AVZ to mine Manono and he is playing the gringos against the Chinese to secure battery plants in the DRC imo

We will get bought out rather than the tenement being taken off us as it is far easier for everyone involved imo

 

[Cumquat Cap]

What do you think a fair TO price would be Carlos - my guess is a tick above $2 and happy to be ridiculed for it