CashKing
Regular
I’m trying to get further away from the Ellenbrook types as the traino will be done soon
West of Marmion would be nice, but Definitely West of the Freeway if I can, AVZ depending
AVZ Discussion 2022
- Thread starter GazDix
- Start date
West of Marmion would be nice, but Definitely West of the Freeway if I can, AVZ depending
Hemicuda
Regular
Sorry guys and gals been in the sim all day so have missed all the fun,,, brief skim looks like some great info from all posters, good to see 8 on here 
,,, and looks like a few still keeping up the good fight on the bird-big respect,,,,,,, a Roller coaster of emotions go avz
,,, and looks like a few still keeping up the good fight on the bird-big respect,,,,,,, a Roller coaster of emotions go avz
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Frank
Top 20
Sama Lukonde reaffirms DRC govt’s determination on the creation of electric battery manufacturing plants at the local level
May 11 in Cape Town, South Africa, on the sidelines of the Indaba Mining investing Forum, the Prime Minister, Jean-Michel Sama Lukonde answered questions from the press.
The head of the Congolese government combed through all the relevant issues at the center of the Indaba Mining conference.
Taking advantage of this opportunity, he reaffirmed loud and clear the determination of the Democratic Republic of Congo to position itself, in Africa, in the production of electric batteries with regard to a large deposit of Lithium available to the Country.
It is an ongoing process.
You saw us go to Zambia.
You have seen us reaffirm this here at Indaba with other African countries,” said Prime Minister Sama Lukonde.
The Head of Government also reassured potential investors about the country’s security issue, which remains under the control of the Republic’s defense forces, which are sparing no effort to bring peace to the East and secure investments.
other reintegration strategies that we want to have especially people who demobilize from these armed groups. The appeal that is launched is that in the pacification work that we are doing, very quickly at the same time as we are working on the infrastructures, we are going to secure the investments that may come and allow rapid development, “he said. he reassured.
The Head of Government of the Warriors also says that he has taken the necessary measures with regard to the artisanal exploitation of minerals and the protection of children and pregnant women in mining quarries.
“Craftsmanship remains a reality in the DRC with a large number of our Congolese compatriots who are in this sector.
It is up to us, as a government, to bring some security to this sector.
It is a evolutionary sector of course to be supervised until its transformation towards the industrial.
But before arriving there, it would be necessary to make sure that we can work according to certain standards.
First at the level of the Laws of the country, you saw that “there are structures that are supposed to help this sector to regulate crafts through certain strategic products including cobalt.
Today, with the action of the Government,we are going to make sure to put in place this instrument which will come to accompany and give the standards with which the cooperatives which are supposed to supervise these craftsmen and guarantee in particular that we can make sure of not having children or pregnant women in the Mines and guarantee them a certain education”, undertook the Prime Minister.
Jean-Michel Sama Lukonde leads a strong government delegation to the Indaba Mining Investing Forum where he had the opportunity to present the opportunities offered by the DRC in the mining sector and in the energy transition in the face of global warming.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
Schnitzelfresser
Regular
Yes, These articles reaffirm DRCs wish but for Them it doesnt matter if AVZ holds 75% or 36%. Manono will be mined! That is important For DRC.
CashKing
Regular
Ahhh these pricks on HC just don’t give up, WTF is wrong with them, I’ve had a quick look at Twitter not much better, I can only think they are worried if AVZ succeeds !
Why else would they go to this effort ?
I think I’ll refrain from looking or posting like most reputable posters have done by the looks, I think they have left, leave the trolls to turn on themselves
that would be funny, cockroaches eating other cockroaches
Why else would they go to this effort ?
I think I’ll refrain from looking or posting like most reputable posters have done by the looks, I think they have left, leave the trolls to turn on themselves
that would be funny, cockroaches eating other cockroaches
Frank
Top 20
Some great Posts / Retorts from Chillaxed on theKeen to see some new articles of the gov supporting AVZ.
Reading all those old articles feels like a kick in the teeth right now
tonight, plus this one from Cozza which i liked as well, asDRC mines minister and colleges went through this to the enth degreeeeee, hence the time it took to sign off on the ML.
It wouldn't of been signed if shit was happening under the table.
The DRC has now too much at stake in regards to green clean energy - battery and EV's for it not to get Manono Li & tin mine happening.
International investors watching
AVZ looking the goods.
Full confidence in NF and BOD
cozza
Let's hope they follow through on the ML!Some great Posts / Retorts from Chillaxed on the
DRC mines minister and colleges went through this to the enth degreeeeee, hence the time it took to sign off on the ML.
It wouldn't of been signed if shit was happening under the table.
The DRC has now too much at stake in regards to green clean energy - battery and EV's for it not to get Manono Li & tin mine happening.
International investors watching
AVZ looking the goods.
Full confidence in NF and BOD
cozza
My gut feeling is that it's been placed on hold..
CashKing
Regular
Imagine putting up with all this for 5 years and not getting paidTough gig being an avz shareholder, if there's balance in the world the pay off should be enormous
I’ll catch up with you all in the mental ward at lunch time when we are allowed out of our straight jackets 
…GLTAH
Mr Inappropriate
Regular
Maybe…
The preconditions for CATH’s investment (being the ML) was waived so my understanding is that the $240m should have been paid already. AVZ reps told me it expected the funds to be paid in April. So might it be the case the CATH are already in breach and owe us a $20m break fee?
investinvest
Regular
Reviewing sydneyguy's stellar post again: https://hotcrapper.com.au/threads/running-discussion-on-sp.4111732/page-70754?post_id=61271347
As you all know by now I am long AVZ so don't shoot me for asking this honest question as I can't find the answer (though I hope HC trollers don't find this post and create FUD with it):
I can see that AVZ executed the 5% of Dathcom from Dathomir on 24 June 2019. Extraordinary General Meeting (EGM) specifically mentioned as required to approve the sale. Following this, on 1 October 2019, AVZ announced that the EGM was convened and sale of the 5% to AVZ was approved. Cool, 65% definitely in the bag. No question about it.
Then AVZ on 21 Sept 2020 announced executing the option to purchase 10% of Dathcom from Dathomir. Again, EGM mentioned as a requirement to approve the sale. However, I have not been able to find another mention/announcement of this second EGM as happened for the initial 5% purchase. So my question: does anyone know for sure that this second EGM has been convened to approved the 10% sale from Dathomir? I know that the balance of the two payments have been made to Dathomir for the full 15% share, but might this EGM requirement be Dathomir's way of throwing mud on our project share?
Found what I believe to be the surface rights fees for DRC from my research tonight:
Page 56 of https://www.cabemery.org/wp-content/uploads/The_Mining_Law_Review_DRC_Chapter.pdf
Fees current as of November 2012 (so might be a little out-dated):
"For holders of PEs, the fees are in Congolese francs, equivalent to US$0.04 per hectare for the first year, US$0.06 per hectare for the second year, US$0.07 per hectare for the third year and US$0.08 per hectare for subsequent years."
Above figures also corroborated with this source: https://www.hg.org/legal-articles/m...in-the-democratic-republic-of-the-congo-20622
So, Manono project is 188 square kilometres i.e. 18,800 hectares (1 square kilometre = 100 hectares). So 18,800 x US$0.04 = US$752.00 for the first year. Not an alarming figure at all.
I am aware that there is a more recent source (November 2021): https://thelawreviews.co.uk/title/the-mining-law-review/democratic-republic-of-the-congo-mining-law
In this source: "Any holder of a research or exploitation permit is subject to a surface right at the rate of US$5.89 per quadrangle."
Your guess is as good as mine as to what unit of measurement a quadrangle is but assuming that it is a square kilometre, it conveniently equates to US$0.0589 per hectare (which is a slight increase from the aforementioned Nov 2012 sources). Using this assumption, the surface rights fee for the first year should be US$1,107.32.
Anyway DYOR.
Oh, and here's the DRC's official mining code from 2018: https://eiti.org/sites/default/files/attachments/j_o_ndeg_speicial_du_28_mars_2018_code_minier.pdf
Also, a scenario that I have been pondering (along with my investor mate). What if, it was actually Nigel who is delaying the CATH transaction from closing because he is aware of all these extra fingers in the pie and does not want to give away the 24% too early without concrete and public support from the DRC about the Zijin/Jin Cheng invaders? Because right now, I am feeling relieved that Nigel has not sold the 24% because that is the thing that allows us alternative backup options in case the Chinese play dirty and DRC don't want to stamp their illegal deals out hard. Is it a case of CATH been raring to send us the cash after removing ML as a condition but NF telling CATH that he won't accept it until this is sorted? Because I don't know what other reasons CATH has for removing ML as a condition but yet still don't want to transfer the money. If If CATH was doing China's bidding, they would rush to complete the transaction immediately before this Zijin/Jin Cheng issue comes to the surface because that would weaken AVZ's position when dealing with this issue. Anyway, I am very glad that the CATH deal has not been closed yet because project share is king in this situation. Now Jin Cheng is begging us to talk with them.
Anyway just my 2c. DYOR. Bedtime for me
As you all know by now I am long AVZ so don't shoot me for asking this honest question as I can't find the answer (though I hope HC trollers don't find this post and create FUD with it):
I can see that AVZ executed the 5% of Dathcom from Dathomir on 24 June 2019. Extraordinary General Meeting (EGM) specifically mentioned as required to approve the sale. Following this, on 1 October 2019, AVZ announced that the EGM was convened and sale of the 5% to AVZ was approved. Cool, 65% definitely in the bag. No question about it.
Then AVZ on 21 Sept 2020 announced executing the option to purchase 10% of Dathcom from Dathomir. Again, EGM mentioned as a requirement to approve the sale. However, I have not been able to find another mention/announcement of this second EGM as happened for the initial 5% purchase. So my question: does anyone know for sure that this second EGM has been convened to approved the 10% sale from Dathomir? I know that the balance of the two payments have been made to Dathomir for the full 15% share, but might this EGM requirement be Dathomir's way of throwing mud on our project share?
Found what I believe to be the surface rights fees for DRC from my research tonight:
Page 56 of https://www.cabemery.org/wp-content/uploads/The_Mining_Law_Review_DRC_Chapter.pdf
Fees current as of November 2012 (so might be a little out-dated):
"For holders of PEs, the fees are in Congolese francs, equivalent to US$0.04 per hectare for the first year, US$0.06 per hectare for the second year, US$0.07 per hectare for the third year and US$0.08 per hectare for subsequent years."
Above figures also corroborated with this source: https://www.hg.org/legal-articles/m...in-the-democratic-republic-of-the-congo-20622
So, Manono project is 188 square kilometres i.e. 18,800 hectares (1 square kilometre = 100 hectares). So 18,800 x US$0.04 = US$752.00 for the first year. Not an alarming figure at all.
I am aware that there is a more recent source (November 2021): https://thelawreviews.co.uk/title/the-mining-law-review/democratic-republic-of-the-congo-mining-law
In this source: "Any holder of a research or exploitation permit is subject to a surface right at the rate of US$5.89 per quadrangle."
Your guess is as good as mine as to what unit of measurement a quadrangle is but assuming that it is a square kilometre, it conveniently equates to US$0.0589 per hectare (which is a slight increase from the aforementioned Nov 2012 sources). Using this assumption, the surface rights fee for the first year should be US$1,107.32.
Anyway DYOR.
Oh, and here's the DRC's official mining code from 2018: https://eiti.org/sites/default/files/attachments/j_o_ndeg_speicial_du_28_mars_2018_code_minier.pdf
Also, a scenario that I have been pondering (along with my investor mate). What if, it was actually Nigel who is delaying the CATH transaction from closing because he is aware of all these extra fingers in the pie and does not want to give away the 24% too early without concrete and public support from the DRC about the Zijin/Jin Cheng invaders? Because right now, I am feeling relieved that Nigel has not sold the 24% because that is the thing that allows us alternative backup options in case the Chinese play dirty and DRC don't want to stamp their illegal deals out hard. Is it a case of CATH been raring to send us the cash after removing ML as a condition but NF telling CATH that he won't accept it until this is sorted? Because I don't know what other reasons CATH has for removing ML as a condition but yet still don't want to transfer the money. If If CATH was doing China's bidding, they would rush to complete the transaction immediately before this Zijin/Jin Cheng issue comes to the surface because that would weaken AVZ's position when dealing with this issue. Anyway, I am very glad that the CATH deal has not been closed yet because project share is king in this situation. Now Jin Cheng is begging us to talk with them.
Anyway just my 2c. DYOR. Bedtime for me
cruiser51
Top 20
Sorry to hear you are seriously sick.
I hope you get better soon.
At least you are in hospital.
Xerof
Is There Anybody Out There 1979
If you're on the Bird, or just Visiting from time to time like me, say Hello to our Bro Joe
Frank, I see the Minister is wearing her DUE DILIGENCE dress
Xerof
Is There Anybody Out There 1979
To answer your honest question, I too have had a look and nowhere is it stated there was an EGM of DATHOMIR to approve the agreement. I can see it was settled, just after the 40m CR in mid 2021. This appears to coincide with the 'rumblings' of discontent coming out of the DRC (remember those strange documents posted on the crapper at that time?) So maybe they just exercised the option and paid it all to get the 15% into our name. An EGM was the only condition required to approve the issue of the 10% option. Having said that, it doesn't necessarily mean the EGM didn't occur, it just may have not made it to an announcement prior to settling.
Your scenario of AVZ holding back is solid and one I agree is highly likely. If not for some time, then I hope like hell it is right now. Again, the indecent rush to waive all the conditions precedent by CATH, pricked my ears up at the time, and then not settling seemed a bit odd. NF was economical with reasons for delay, i.e. none given
More happening than we know about for sure
So on this 10%. It’s not really AVZ’s job to check if another company has had a meeting. Im sure after the money was paid AVZ received the documentation pertaining to the transfer of rights of the 10%. If something as simple as this was overlooked I’d expect half the board to resign to be honest but I don’t think AVZ have been sitting there saying ‘did you check the mail today to see if the docs were delivered for the 10%?’
As for CATH someone else noted it was a chicken and egg scenario. We needed a guarantee that CATH were executing and they were not executing until ML but DRC were saying well we need to see the money is coming in first. So I dare say CATH waiving conditions helped in meeting that criteria but behind closed doors they are saying let’s just wait for the ML to drop….
All IMO and I have NFI at the end of the day.
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DiscoDanNZ
Regular
Ahhh these pricks on HC just don’t give up, WTF is wrong with them, I’ve had a quick look at Twitter not much better, I can only think they are worried if AVZ succeeds !
Why else would they go to this effort ?
I think I’ll refrain from looking or posting like most reputable posters have done by the looks, I think they have left, leave the trolls to turn on themselves
Do yourself a favour and get suspended, can't recommend it enough for sanity's sake.
Yeah I bought the scenario that it's actually us holding up the CATH deal the other day and TBH in light of the happenings in the last week it actually makes more sense than CATH being the ones holding it up.
I remember the waiver being announced and then a week later wondering where the announcement was that it was completed and wondering what was going on as it seemed strange that they would waive then not pay.
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