AVZ Discussion 2022

[MoneyBags1348]

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

 

[Xerof]

long time lurker.
Not sure if its discussed, I was playing around with http://drclicences.cami.cd/ and found that you can actually query the database through rest services like below.
https://services.arcgis.com/X3EAXocno9eyvCvV/ArcGIS/rest/services/DRCPortal_OthersLayer_1/FeatureServer/2/query?where=(parties+LIKE+'%dathcom%')+or+(code+LIKE+'%dathcom%')+or+(comments+LIKE+'%dathcom%')&objectIds=&time=&geometry=&geometryType=esriGeometryEnvelope&inSR=&spatialRel=esriSpatialRelIntersects&resultType=none&distance=0.0&units=esriSRUnit_Meter&relationParam=&returnGeodetic=false&outFields=*&returnGeometry=true&returnCentroid=false&featureEncoding=esriDefault&multipatchOption=xyFootprint&maxAllowableOffset=&geometryPrecision=&outSR=&defaultSR=&datumTransformation=&applyVCSProjection=false&returnIdsOnly=false&returnUniqueIdsOnly=false&returnCountOnly=false&returnExtentOnly=false&returnQueryGeometry=false&returnDistinctValues=false&cacheHint=false&orderByFields=DteExpires+desc&groupByFieldsForStatistics=&outStatistics=&having=&resultOffset=&resultRecordCount=&returnZ=false&returnM=false&returnExceededLimitFeatures=true&quantizationParameters=&sqlFormat=none&f=html&token=8HkQfg-k_qEs_QnyuCl4aiaXxWic7lytxbwYsB7vzMdQE8nx6OscTzAiQwOsFzNUt-Dki_y6bPtYLJZFZq4xMkE5C4MDVign21AJ1jMTnHRu9G3PuApF0wsCHo_woMfaq1qIZTgBP7ZnIOLkdPfkaA..

It does give you some extra information/columns that is not avaiable on the portal. Hope its useful to someone.

View attachment 37948

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 real 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.

@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]

For what it’s worth on the cominidiots site the joint venture still remains unchanged for 13359

 

[mooorning]

@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)

cant see any changes.

 

[MoneyBags1348]

For what it’s worth on the cominidiots site the joint venture still remains unchanged for 13359 View attachment 39065

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

 

[Onthefm]

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]

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

 

[Remark]

Announcement out. Not what I was expecting

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02681609-6A1156296?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Doc]

Drilling results.

 

[MoneyBags1348]

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”

 

[Doc]

View attachment 39071

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02681609-6A1156296?access_token=83ff96335c2d45a094df02a206a39ff4

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

 

[RHyNO]

We as management just want you all to know that we are super happy with the size shape and nature of the lithium tenement we don’t own, have rights to, or will be able to drill in any foreseeable future. None the less. Here are some results you all paid for.

 

[Remark]

Drilling results.

Marked as "Price Sensitive" - nice one Nigel!

 

[Bray]

Love having an A grade bull with an unbelievable set of tits

 

[BRICK]

$15

 

[Hudnut]

Those drilling results will put a rocket under the SP! Oh....wait....

One can only assume that Zijin and Cominiere will now have to update their claim for damages.

 

[Berabakan]

$15

$16

 

[Cumquat Cap]

There must be some strategy here, either we're deep in negotiations and looking to squeeze an extra % out of the current bidder.

Or are we showing the DRC government how active we've been despite their ineptitude and general retardation.

Either way, they can't strip us and those results are off the fucking chain, i'll take it as good news for now.

 

[Azzler]

Well if they're selling it, might as well use up our money to increase the resource size for negotiations.

 

[Chilla]

Looking at JORC 550MT++ @ 1.65% right there

Where the shear is and the pegmatite drops off on the right hand side.........expect the peg to continue the dip east at same thickness but a few hundred metres greater depth. Use the open cut as a box cut portal entry to continue underground in about 50 years when the open pit is exhausted