AVZ Discussion 2022
- Thread starter GazDix
- Start date
But I do not see where anywhere where pro-rata is required or specified?
EDIT: please see my next post for more analysis
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TDITD
Top 20
Well someone does as here we are 16 or whatever months into this and to be honest ( and a little frustrated ) not a single announcement from AVZ with positive progress made. Not me being negative just stating fact.
Surely the cloak and dagger stuff is over and we can get some form of announcement? Nigels wife may be understanding but with the amount of money this is worth to us my wifes at me like a rat up a drainpipe. 'But the guys on The Stockexchange say we good' will only last so long...
And FWIW I asked the neighbours Border Collie for an update and he pissed on my shoes and walked away, I have no idea what to think now.
Azzler
Top 20
You're right it's shitful as all hell.
Only Nigel and co have the info, and it's being very closely guarded.
No one here knows anything, some hear things and give their opinions about where we are based on that.
I've made a couple of statements recently as to where I think we're at, I'm still of the same opinion and am still hearing very positive things.
Didn't get the timing right but I don't think it's too far out.
But also I'm just saying, what are you asking us for? No one here knows.
Only Nigel and co have the info, and it's being very closely guarded.
No one here knows anything, some hear things and give their opinions about where we are based on that.
I've made a couple of statements recently as to where I think we're at, I'm still of the same opinion and am still hearing very positive things.
Didn't get the timing right but I don't think it's too far out.
But also I'm just saying, what are you asking us for? No one here knows.
Great post and thank you Carlos
Looking at it a bit closer and re-reading the relevant articles
"Dathcom need to cede 10% to the DRC government under Article 71 (d) of the mining code"
Very clear
"Cominiere are committed to being the party within Dathcom to cede the 10% to the DRC government under Article 5.1 (i) of the Dathcom JVA"
A little bit "fuzzier"
Here under the Dathcom JVA Cominiere is commited to transferring "part of it's partcipation in Dathcom Mining SAS"
Does that imply Cominiere is not the "only" party nominated to participate in ceding the required 10% to the GOVT? ie the other parties with owenership interest in Dathcom Mining SAS will also cede some of their shares to make up the required 10%???
Is this where the notion of a pro-rata is coming from?
Well this is Chinese whispers central, who the fuck else would I ask? AVZ?
Azzler
Top 20
Could also be a translation issue. But as english yes that is fuzzy.
Because there's no-one else to ask....
Azzler
Top 20
Sometimes these requests seem more like the kind of demands a shareholder is entiteled to demand from their company.Because there's no-one else to ask....
Most of the info sharing is in private, because this place isn't really appreciative to hear the whispers, and we get tantrums and anger when whispers don't eventuate.
No one has to share shit, and they mostly dont anymore because of the result.
If there are so called whispers going around it would have leaked to the broader market by now . I think someone is having a lend of you . A lot of punters are sitting on big profits they can't get their hands on . I'm guessing for some it's life changing . Only natural to want to believe anything positive . One thing I would suggest is if these so called leaks are coming from AVZ minerals itself I wouldn't get your hopes up . Not going by their track record . IMO
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Xerof
Is There Anybody Out There 1979
Because there's no-one else to ask....
Well, you could ask @geo_au nicely to whisper sweet nothings in your ear. He claims over on the crapper to have a direct line to someone not involved in AVZ, but who seemingly knows more than AVZ itself, and that everything is OK, we are going mining.
Geo, could you ask your connection to tell AVZ everything is OK, so they can tell us? Ideally we'd like a commencement date for the mining, and where we might actually be mining. At this point it's not looking very fucking likely in the DRC anytime soon.
The administration has just shirt-fronted the west in favour of the lackeys of the east in our JV partner in COMINIERE with these appointments
and yes, the pneumonia isn't helping my mood
Retrobyte
Hates a beer
As in the former Justice Minister, Rachida Dati? If true, that is probably the most bizarre thing about this whole saga so far!
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Carlos Danger
Top 20
Neither AVZ nor Dathomir have the obligation to cede 'part' of their holdings to the DRC government listed in their commitments under the JV that Cominiere signed eyes wide open while holding 25% of Dathcom
The pro rata idea is just the MoP trying to rat fuck us because she is a stupid cunt who serves only her Chinese leash pullers
That's the way I see it. So do AVZ and their lawyers.
Azzler
Top 20
Maybe they are having a lend, that's not really relevant though.
Do you want to hear about back channel information or don't you?
If not, just scroll on past, is it so hard?
Or do you believe you speak for everyone?
I'm one of those punters with life changing profits on the line, and that's why I do get thrilled about news of a positive outcome.
I've heard a few things that never came to pass, and I thanked those that passed it along to me anyway, because I know they were just sharing whatever they had heard.
I dont care if you think my info isn't any good, good on you and have a nice day.
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Azzler
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Oh I must have missed that I havent heard shit from her in a long time.
In a leaked document?
cruiser51
Top 20
I know pneumonia can cause severe hallucinations, get better soon and stop hallucinating!
Darling, ffs you must be really sick.
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