AVZ Discussion 2022

[LX600]

I think AVZ is not going to take 2 Chinese company in the board, which is good. So one or the other. If CATH not transfer by end of the month, they are in serious risk to be terminated or rearranged.

 

[Doc]

I think AVZ is not going to take 2 Chinese company in the board, which is good. So one or the other. If CATH not transfer by end of the month, they are in serious risk to be terminated or rearranged.

Let’s just get the paperwork for the 5% and 10% approved and acknowledged by DRC before that. It’s more then likely a non event but it’s nice to be sure

 

[LzrTr8dr]

Would this all be an issue which is discussed at the weekly DRC cabinet meetings? If so I would be very keen to see the minutes come Monday.

 

[BRICK]

Hi all, quick update. I am still suffering severe bursts of pain in my left lung. Seriously excruciating and the docs can't work out how to stop it. I am on endone and some other slow release drug as well as blood thinning drugs for my right lung. It has the clots and dead tissue causing dull kidney like pain. Bloody doctors get zero for communication. Zero idea of when I get to go home. Faarking nightmare! If you get covid and have the slightest twinge in your lungs drop everything and go. I'm no drama queen but this is cruel and would be fatal to the old or vulnerable.
Great to have mining8 over here. Go AVZ!!

FUCK A DUCK!

thanks Daz and take care of yourself man!

 

[BRICK]

When your doctor isn't giving you a timeframe of when you can go home just picture Nigel saying imminent and you'll feel a lot better. Plus then it also doesn't matter how long it will actually be because its imminent regardless. Imminent > actual timeframes.



Lets be honest you and Tree Wallaby can try as hard as you want to read the tea leaves but you've got nothing on Twot Investors cooked chart analysis

TWEEE WALLABY!

 

[BRICK]

if we think we've had a tough time in AVZ land lately, have a look at crypto, it's shitting the bed. i know side topic, but hopefully those that trade shitcoins will put what money they have left from it in equities now. Better off putting money into the pokies than that rubbish imo.

Look what this ones just done just now, totally and utterly wiped ppl out...ouch, from $1 to $5 to $0.04 in hours, some on Twitter trying to catch the knife and getting absolutely smashed

View attachment 6404

If i cant touch it or dig it out of the ground, im not interested lol.

 

[BRICK]

View attachment 6405
We were talking about 1 bedroom apartments champ.........

Craigie getting $600k ?

No better than Armadale, shit hole, state housing .........tell them they are dreaming.!!

lol

Good view! In Melbourne you might get a park bench somewhere out in the suburbs for that price.. If anyone has a plan of a property they are looking at they want reviewed let me know!

 

[wombat74]

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

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

So if true Nigel has had this going around in his head the whole time . The dude must be a mental wreck . Could he have made such a fundamental blunder ? Money was paid .

 

[investinvest]

Well I would like it if someone with connections to the BoD to check with them about whether another Dathcom EGM was convened after 21 Sept 2020 for the remaining 10% and was just simply not announced on the ASX. But Dathomir definitely have no claim on the first 5% so anything that claims that Dathomir still owns 15% of Dathcom is false (like Zijin's website post). Only 10% requires concrete confirmation as above.

 

[Xerof]

So if true Nigel has had this going around in his head the whole time . The dude must be a mental wreck . Could he have made such a fundamental blunder ? Money was paid .

On balance, I'm prepared to be content with the concept that an EGM was held to approve the option for 10%, just not reported, as settlement came quickly. Nowhere have I seen any protestation from DATHOMIR other than to say they wrote a letter to cancel the deal. Too late, agreement legally binding, and the fact that the value of the tenement was going up big time, isn't good cause. Can I go back to the buyer of my first house in 1978 and say, oh shit thats unfair, the price is much higher now. FO Cong

And besides, I also think the real reason Cong wanted to renege was because Z approached him with a much higher offer. I read somewhere, probably bloody der geist, that 5% of the COMINIERE 15% was 'given' to Cong free, and he sold it for US85million. Z are way out of pocket, if thats true, lol

 

[Scoota30]

So if true Nigel has had this going around in his head the whole time . The dude must be a mental wreck . Could he have made such a fundamental blunder ? Money was paid .

If you go back now and re-listen and watch the Germany interview on youtube, Nigel doesn't even look phased. Absolute cool cucumber.
You have to wonder what he already knows that the market doesn't....
- Like how the 10mtpa plant scoping study has/is progressing ("expected to be significantly progressed by end of December 2021)
- Lithium Hydroxide facility scoping study

 

[Sammy_da_Smile]

If you go back now and re-listen and watch the Germany interview on youtube, Nigel doesn't even look phased. Absolute cool cucumber.
You have to wonder what he already knows that the market doesn't....
- Like how the 10mtpa plant scoping study has/is progressing ("expected to be significantly progressed by end of December 2021)
- Lithium Hydroxide facility scoping study

Hoping to see the recent 121 presso. Haven't seen anything on YouTube so far.

 

[DiscoDanNZ]

Hoping to see the recent 121 presso. Haven't seen anything on YouTube so far.

I've seen this exert when it got to the part about what they will do to Zijin

 

[Sammy_da_Smile]

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AVZ applies to trade break: the Lithium company rejects Jin Cheng Mining's claims

Thursday, 12.05.2022 07:25 by axinocapital.de

The Australian AVZ holds the majority at the world's largest lithium storage site (fixed stone/Congo) through an object company. The expansion is being moved. From an AVZ point of view, however, a clear thing.

AVZ International Pty Ltd. a 100% subsidiary of AVZ Minerals Ltd. (ASX: AVZ, FSE: 3A2has received a request from Jin Cheng Mining for an arbitration procedure before the International Chamber of Commerce in Paris (ICC). In it, the Chinese company is trying to be recognized as a shareholder of Dathcom Mining SA. These claims are rejected by AVZ Minerals.

The background of the dispute is the property rights at Dathcom Mining SA, which belongs to the Manono lithium project in the Congo. Those who are recognized as the Dathcom's legal shareholder therefore hold a share of the project. For AVZ Minerals, this is the 100% subsidiary AVZ International Pty. Ltd.

For this reason, it has also received the request for the proposed introduction of an arbitration procedure before the International Chamber of Commerce in Paris and the changes of writing that it belongs. In his request, Jin Cheng Mining calls for being recognized as a legitimate shareholder of Dathcom Mining.

AVZ Minerals considers the demand unfounded
AVZ Minerals as the parent company now confirms the entry of the application and the entire letter change, but strongly rejects the claims contained in it. In the background is the claim that Jin Cheng Mining has taken over by La Congolaise D'Exploitation Miniere SA (Cominiere) has taken over their 15% share of Dathcom.

AVZ Minerals sees an effort to now initiate an arbitration procedure, another attempt to support the unauthorized claim in the media that one is a legitimate shareholder of Dathcom Mining.

In fact, however, the content is denied with all determination, because if it had actually come to the alleged transfer of shares to Jin Cheng, it is invalid because it undermines the contractually fixed pre-purchase right of AVZ Minerals.

The demands are bullying and unfounded
AVZ Minerals is now examining the request submitted and the change of writing. The AVZ management explains that it wants to take all necessary measures to fight against Jin Chengs „harassment and unfounded demands and to protect the interests of Dathcom and the company.

The procedure before the ICC in Paris is linked to a commitment to confidentiality. This is of course taking note of AVZ Minerals. On the other hand, however, it is also aware of its information obligations to their own shareholders and will therefore continue to inform the market in accordance with all its duties.

For investors investors, this is annoying news, because they indicate that the course of the AVZ mineral share could be subject to strong fluctuations in the coming weeks, although for AVZ Minerals, the legal situation is actually clear and above any doubt due to its contractually fixed pre-purchase rights.

 

[BEISHA]

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

Hey mate, dont ever think we are going " shoot " you for asking honest questions, this is TSE not HC , smart people here, all posing probabilities , an open minded , respectful forum, with different opinions is very healthy, after all, we are significantly invested in AVZ in our various capacities , questions that you have, might be something that the group has over looked , so dont hesitate in speaking your mind.

Personally, i am only taking notice of the formal announcements that Nigel releases, the truth is there, not on twitter or anywhere else, so the conspiracy theories can FO until proven other wise.

As long as AVZ have minimum 51% control, the rest can be worked out later.

Markets havnt priced in the " other 15%.

AVZ has a mine to build ASAP if DRC wants to produce by EOY 2023

It would be wise for the DRC to get its shit together and prove to the world that they are open and honest to do business with , allowing a corrupt entity Zijin to dictate terms with AVZ in this current shit storm, would negate that sentiment big time and would ensure that the DRC people remain in the poverty cycle. !!

Time for Felix to display his gonads..............walk the walk.

imo

 

[BEISHA]

My student is already exceeding my expectations with his " express TA " learnings, check out the HC LTR chart thread.....

Pretty impressive if i dont say myself

Like i said, HC is going to wish it didnt mess with ROBIN HOOD

Who will be my next student to put their hand up for some " express ta " ?

Just PM me, happy to help build this great platform that is TSE, taking from the wealthy to the poor is how i operate.

imo

 

[Samus]

Had been thinking along the same lines that AVZ likely the ones holding up the CATH payment at least more recently.
You'd think they'd have paid it straight after the technical approval even if they were waiting on the mining licence despite saying that precondition had been waived. It all makes a bit of sense. Makes more sense than the assumption that CATH wasn't paying until the mining licence after waiving the said condition frankly and management have known about this issue for some time. I bet they were hoping to have a swifter resolution without openly spooking the market.

 

[DiscoDanNZ]

My student is already exceeding my expectations with his " express TA " learnings, check out the HC LTR chart thread.....

Pretty impressive if i dont say myself

Like i said, HC is going to wish it didnt mess with ROBIN HOOD

View attachment 6437
Who will be my next student to put their hand up for some " express ta " ?

Just PM me, happy to help build this great platform that is TSE, taking from the wealthy to the poor is how i operate.

imo

https://hotcrapper.com.au/threads/new-ta-charting.4810308/page-8156?post_id=61380445

Outstanding post that one, concise and to the point

 

[BEISHA]

https://hotcrapper.com.au/threads/new-ta-charting.4810308/page-8156?post_id=61380445

Outstanding post that one, concise and to the point

Did you give it a like ?
If everyone gives it a like PLUS a comment too, then HC LTR threads could be alot of fun...........

Especially fun for the winos and the covid sick who have nothing better to do but have a laugh and throw their woes away for a bit of RR

TSE we are smart cats..............not red necks.

Have a good day everyone, i gotta go to work, beautiful sunny perth weather back and my portfolio is green, life is good.

May our comrades who are doing it tough with covid, get better soon.!!

imo

 

[DiscoDanNZ]

I'm suspended until the 14th so no

Did you give it a like ?
If everyone gives it a like PLUS a comment too, then HC LTR threads could be alot of fun...........


View attachment 6442