AVZ Discussion 2022

[Frank]

 

[Carlos Danger]

Does the 10% automatically go to the Gov or does CKK have control over it ?

Ceded on issue of ML I think

@Carlos Danger ?

CKK and the green cunt want the 10% ceded on a pro rata basis. Unfortunately for them the contract Cominiere signed says it is their responsibility. Unfortunately for us the law means absolutely fucking nothing in the DRC.

Dathcom need to cede 10% to the DRC government under Article 71 (d) of the mining code

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

 

[tonster66]

CKK and the green cunt want the 10% ceded on a pro rata basis. Unfortunately for them the contract Cominiere signed says it is their responsibility. Unfortunately for us the law means absolutely fucking nothing in the DRC.

Dathcom need to cede 10% to the DRC government under Article 71 (d) of the mining code

View attachment 41949

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

View attachment 41950
View attachment 41951

So AVZ are recognised by the DRC gov as having legal title to 60%. If Dathcom was to cede 10% that leaves us with 50%? So we need to sort out the issues with Dathomir to be the majority holder

 

[Carlos Danger]

So AVZ are recognised by the DRC gov as having legal title to 60%. If Dathcom was to cede 10% that leaves us with 50%? So we need to sort out the issues with Dathomir to be the majority holder

On a pro rata basis AVZ would need to cede 6% of their 60% current holding in Dathcom that would leave us with 54%

 

[Xerof]

CKK and the green cunt want the 10% ceded on a pro rata basis. Unfortunately for them the contract Cominiere signed says it is their responsibility. Unfortunately for us the law means absolutely fucking nothing in the DRC.

Dathcom need to cede 10% to the DRC government under Article 71 (d) of the mining code

View attachment 41949

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

View attachment 41950
View attachment 41951

Great work mate, everything at your fingertips. @MoneyBags1348 - for filing reference at your leisure

 

[tonster66]

On a pro rata basis AVZ would need to cede 6% of their 60% current holding in Dathcom that would leave us with 54%

Yep, great Thanks

 

[MoneyBags1348]

Great work mate, everything at your fingertips. @MoneyBags1348 - for filing reference at your leisure

Filed away in the DRC MINING LEGISLATION THREAD X

Also found this website (Africa Business Plus) with information related to AVZ, the ICSID case, Zijin, Cominiere, klaus jerkoff etc but you need to subscribe to get the information if someone here subscribes to websites?

Africa Business+ : Exclusive business info for decision-makers

Discover Africa Business+ : a genuine economic intelligence tool which facilitates your decision-making by giving you insights into markets and market actors.

www.africabusinessplus.com

 

[Mr Inappropriate]

Great work mate, everything at your fingertips. @MoneyBags1348 - for filing reference at your leisure

I’m near certain the english version of the mining of the mining code is in the legislation thread. If not, i’ll add it.

Edit: it’s here.

DRC MINING LEGISLATION

The 2018 English Version of the DRC Mining Code is in a file at the bottom of this page, posted by @Mr Inappropriate and also bottom of page 6 https://congomines.org/system/attachments/assets/000/000/101/original/GOVRDC-2003-ReglementMinier-EN.pdf?1430927814

thestockexchange.com.au

 

[MoneyBags1348]

I’m near certain the english version of the mining of the mining code is in the legislation thread. If not, i’ll add it.

Edit: it’s here.

DRC MINING LEGISLATION

The 2018 English Version of the DRC Mining Code is in a file at the bottom of this page, posted by @Mr Inappropriate and also bottom of page 6 https://congomines.org/system/attachments/assets/000/000/101/original/GOVRDC-2003-ReglementMinier-EN.pdf?1430927814

thestockexchange.com.au

Thanks Mr I, I know you provided it to me before and it’s on page 1 of the the DRC MINING LEGISLATION thread which is 6 pages long now

And as a thank you for your hard work and tireless efforts, please accept the following as your just reward

 

[BEISHA]

View attachment 41939

View attachment 41940

 

[Mr Inappropriate]

Thanks Mr I, I know you provided it to me before and that thread is about 6 pages long now but I will add it in anyway

And as a thank you for your hard work and tireless efforts, please accept the following as your just reward

View attachment 41961

Cock-punch gratefully accepted, @MoneyBags1348.

Just a thought - as the owner of the opening post in the legislation thread you might be able to edit it to point to the 2018 english version of the Mining Code.

 

[Doc]

So with all this shit fuckery still in full effect whats the Chinese whispers saying? That July/August news now pushed out?

 

[Winenut]

On a pro rata basis AVZ would need to cede 6% of their 60% current holding in Dathcom that would leave us with 54%

But I do not see where anywhere where pro-rata is required or specified?

EDIT: please see my next post for more analysis

 

[Azzler]

So with all this shit fuckery still in full effect whats the Chinese whispers saying? That July/August news now pushed out?

What shit fuckery? CKK still at Com?
I don't believe they have any influence at this point.

 

[TDITD]

But I do not see where anywhere where pro-rata is required or specified?

here it is, you gotta look in the small print Winenut

$12

Zijin $16 and two caps

 

[Doc]

What shit fuckery? CKK still at Com?
I don't believe they have any influence at this point.

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]

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.

 

[Winenut]

CKK and the green cunt want the 10% ceded on a pro rata basis. Unfortunately for them the contract Cominiere signed says it is their responsibility. Unfortunately for us the law means absolutely fucking nothing in the DRC.

Dathcom need to cede 10% to the DRC government under Article 71 (d) of the mining code

View attachment 41949

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

View attachment 41950
View attachment 41951

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?

 

[Doc]

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.

Well this is Chinese whispers central, who the fuck else would I ask? AVZ?

 

[Azzler]

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
View attachment 41963


"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"
View attachment 41964

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?

Could also be a translation issue. But as english yes that is fuzzy.