AVZ Discussion 2022

[Carlos Danger]

I think everyone is reading that 40% of resources incorrectly

It states prior you must identify the “Financial Resources” to undertake and complete the project.

The entity undertaking the project must then have a share capital of more than 40% of the indicated "financial" resource required .

Have a re-read of those first four dot points under the heading Exploitation Permit

View attachment 42599

Yeah you're right. It is a requirement under 71 (b). But it is for the applicant so the valuation is of Dathcom not AVZ. So 40% of 1b USD is 400m USD which is what we are getting from CATH (240m equity and 160m in development costs).

I was thinking of section 71 (e) because it was separated into two dot points on the original post but that requirement is for 51% ownership for the applicant. Here's the relevant section of the mining code:

 

[timb89]

Can you please show me where it states $50 Billion in the DFS?

Just a rough estimation. Based on rock in the ground times a rough price. Again just an estimate, but not sure how else to arrive at 40% of resource value.

 

[Winenut]

Yeah you're right. It is a requirement under 71 (b). But it is for the applicant so the valuation is of Dathcom not AVZ. So 40% of 1b USD is 400m USD which is what we are getting from CATH (240m equity and 160m in development costs).

View attachment 42600

I was thinking of section 71 (e) because it was separated into two dot points on the original post but that requirement is for 51% ownership for the applicant. Here's the relevant section of the mining code:

View attachment 42603

As identified in the DFS the Capex for the project (read financial resources required) is US$545.5 million

From what I understand from the clause Dathcom therefore simply requires a share capital greater than 40% of the indicated financial resources to meet the criteria to satisy the clause and undertake the project

Therefore share capital of Dathcom to meet the requirement must be more than 40% x US$545.5 million or US$218.2 million

Dathcom easily met that share capital requirement hence it satisfied all the criteria for the decree to be signed

Just waiting for those surface rights to be calculated now......

 

[Carlos Danger]

Just a rough estimation. Based on rock in the ground times a rough price. Again just an estimate, but not sure how else to arrive at 40% of resource value.

40% of the resource value is 400m USD

https://avzminerals.com.au/s/20200421-DFS-Manono-Lithium-and-Tin-Project-Announcement-f8bl.pdf

 

[cruiser51]

Just a rough estimation. Based on rock in the ground times a rough price. Again just an estimate, but not sure how else to arrive at 40% of resource value.

So not based on current DFS, but based on calcs on toilet paper.
That explains.
You had me worried, I thought I started to suffer from amnesia.

So all good, nothing to worry.

 

[Carlos Danger]

As identified in the DFS the Capex for the project (read financial resources required) is US$545.5 million

From what I understand from the clause Dathcom therefore simply requires a share capital greater than 40% of the indicated financial resources to undertake the project

Therefore share capital of Dathcom to meet the requirement must be more than 40% x US$545.5 million or US$218.2 million

Dathcom easily met that share capital requirement hence it satisfied all the criteria for the decree to be signed

Just waiting for those surface rights to be calculated now......

Mining code says of 'said resources' but you're way makes more sense from an operational perspective

Either way were all good

 

[timb89]

40% of the resource value is 400m USD

https://avzminerals.com.au/s/20200421-DFS-Manono-Lithium-and-Tin-Project-Announcement-f8bl.pdf

View attachment 42605

Yep i get it now.

 

[Winenut]

Mining code says of 'said resources' but you're way makes more sense from an operational perspective

Either way were all good

71(b) clearly and distinctly talks to financial resources and nothing else so yeah I think it's pretty clear

Cheers!

 

[BRICK]

Just sayin...

 

[Carlos Danger]

71(b) clearly and distinctly talks to financial resources and nothing else so yeah I think it's pretty clear

Cheers!

Yes it definitely does. Key word being 'said' I guess haha. Clearly I need a drink.

 

[Samus]

The Congolese government will link the city of Lubumbashi to Dar-Es-Salaam, by the Kasomeno-Kasenga-Chalwe road This regional integration road will be open to traffic no later than 2025 The work is continuing with the satisfaction of the government

 

[Winenut]

Yes it definitely does. Key word being 'said' I guess haha. Clearly I need a drink.

Okay

At least we've got that all straight

 

[Samus]

Billions of dollars escape us every day because of our dirty arrogance and treachery to each other, Congolese easy to sell his country for crumbs.

 

[Samus]

The solution is the compulsory communication of fundraising by AVZ. 1. How much? 2. From which institution? 3. On what condition? 4. For what assignment... There is no other scheme that any commission could propose...

Put yourself around the table and discuss all this under the mediation of an uninterested facilitator, you will find a favorable outcome for all. Also learn the lessons of the deposits frozen by the Chinese of Hysen, Hyvest, Minocom, Dathomir, etc. for years.

 

[Samus]

Not sure for what at this point


The Board of Directors of La Cominiere SA carried out the handover and takeover yesterday August 21, 2023

 

[oxxa23]

Not sure for what at this point


The Board of Directors of La Cominiere SA carried out the handover and takeover yesterday August 21, 2023

Why drinks and snacks of course

 

[Samus]

 

[cruiser51]

Not sure for what at this point


The Board of Directors of La Cominiere SA carried out the handover and takeover yesterday August 21, 2023

#COMINIERE : The new administration team faces a significant challenge in terms of collaboration with its partners. We must work to improve this in the future. Let's be objective in our management approach, let's produce the #batteries . #Lithium #cobalt $AVZ .

Could it be this?

 

[Samus]

Not sure for what at this point


The Board of Directors of La Cominiere SA carried out the handover and takeover yesterday August 21, 2023

 

[TDITD]

They have been very noisy last day or so, usually means something is happening