AVZ Discussion 2022
- Thread starter GazDix
- Start date
MoneyBags1348
Top 20
Cruiser I suspect hoots might be perthbrokerasx (on twitter) and has been lending shares to shorter’s and is now in full on desperation mode. The common trait is not actually knowing anything about what’s going on with AVZ and just keeps posting lies and bullshit.
The wanker is now watching TSE in between watching gay porno’s. Couldn’t even describe him as a loser because that would be offensive to loser’s
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CashKing
Regular
Huayou have always been so silent on this
How did your appeal to the World Bank go, did you take my advice re addressees? Be interesting to hear how it was received.
Samus
Top 20
CMOC AGREES TO PAY $800 MILLION TO END ROW WITH CONGO’S GECAMINES
JULY 20, 2023 CONSTANCEChina’s CMOC Group has agreed to pay Congo state mining firm Gecamines $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, the Chinese company said on Tuesday July18th.
CMOC said in a statement it will start paying the settlement fee this year and complete payment by 2028.
The Chinese mining company also said TFM will pay cumulatively at least $1.2 billion in dividends to Gecamines over the life of the project starting this year.
“CMOC will further consolidate partnerships with Gecamines and expand co-operation in the new energy and other sectors,” it said.
The firm is “committed to economic development and people’s welfare in Congo and making a greater contribution to co-operation between China and Congo,” it said.
Gecamines did not immediately respond to Reuters‘ request for comment.
An anticipated rise in earnings as more copper and cobalt is mined at TFM and another project called KFM means CMOC will fund an annual $133 million settlement fee and $67 million in dividend payments to Gecamines without hurting its net profit, Citigroup analysts said in a note.
“Considering the cash flow contribution from the ramp-up of TFM mixed ore and KFM project, we expect the impact of dispute settlement payment on cash flow will be insignificant,” the analysts said.
CMOC told Reuters last week it had resumed exports of copper and cobalt from its TFM mine. The exports had been blocked by authorities in the country following the dispute.
Copper and cobalt shipments were halted in July 2022 after Gecamines said it suspected that CMOC understated TFM’s reserve levels to reduce the amount of royalties it should pay to the state miner.
CMOC, which owns 80% of TFM, denied the allegations.
Both companies also reached an agreement on future additional reserves and on the operation and management of TFM, CMOC said.
Gecamines will also be entitled to 20% of the total value of the project’s subcontracting and a right to acquire a volume of output proportional to its 20% stake in TFM in market terms, CMOC added.
CMOC produced 254,286 metric tons of copper and 20,286 metric tons of cobalt from the TFM operations in Congo last year.
The settlement will help TFM mines to expand its copper and cobalt capacity, CMOC said.
CMOC agrees to pay $800 million to end row with Congo’s Gecamines - Copperbelt Katanga Mining
China’s CMOC Group has agreed to pay Congo state mining firm Gecamines $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the
copperbeltkatangamining.com
Cumquat Cap
Regular
Another week with no news from Management, when do we start the revolt?
Nigel and team MUST be embarrassed by this lack of execution and I hope they see this
Nigel and team MUST be embarrassed by this lack of execution and I hope they see this
N
No mate they don't do embarrassment. That's the only thing they did learn with 20 years of experience in the drc.
MoneyBags1348
Top 20
While there seems to be a slight resurgence in scare tactics, lies and desperation from the trolls, I did a survey with shareholders I chat with privately and the following list resulted. It doesn’t include the regular trolls on TSE, some of whom have lost their previous profiles and made up new ones, but it does give you an idea of the number involved.
The Weasels and wannabes will lose everything they have wasted the last year and half on, but the poor old desperate short sellers will be the worst off, especially those brokers who have borrowed shares without their clients consent
Weasels (Group 1)
Jean Felix Mupande Kapwa
Celestin Kibeya Kabemba
Simon Cong
Klaus Jerkoff
Eric Allard
Wannabe Mafia
CAMI
Cominiere
Dathomir
Zijin
AJN
TTX
Short Seller Brokers
Boatman
Perthbrokerasx
Eztrang
Hoots
Weasels (Group 2)
tommy tb
Der Geist / Sir Les
Li Tao
RAM
Lars
Obviously there’s a lot more in this list, but these are the main weasels and wannabes
The Weasels and wannabes will lose everything they have wasted the last year and half on, but the poor old desperate short sellers will be the worst off, especially those brokers who have borrowed shares without their clients consent
Weasels (Group 1)
Jean Felix Mupande Kapwa
Celestin Kibeya Kabemba
Simon Cong
Klaus Jerkoff
Eric Allard
Wannabe Mafia
CAMI
Cominiere
Dathomir
Zijin
AJN
TTX
Short Seller Brokers
Boatman
Perthbrokerasx
Eztrang
Hoots
Weasels (Group 2)
tommy tb
Der Geist / Sir Les
Li Tao
RAM
Lars
Obviously there’s a lot more in this list, but these are the main weasels and wannabes
TDITD
Top 20
Winenut
Go AVZ!
Which I think is more important as it puts a dollar figure next to the resource. So we all know what we are selling. Ofcause if we can sell. Imo
Cumquat Cap
Regular
They we're originally reluctant to release the DFS/BFS as DRC will undoubtedly ask for more money/% ownership - that's all out the window now. I would prefer them hold it back on the chance we're back trading as that will help share price revival if required. I remember waiting for the licsnse with baited breath as they had held several announcements back until the ML was ecacted to avoid this issue.
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