AVZ Discussion 2022

[Misfits]

OK, so having fucked about chasing shadows earlier today, I think between myself and Sir Les, we have worked this out.

@Charbella @Chilla also regarding Hugelips holding 42m shares, this applies to your comments too

So shares are held in EQUITY PLAN SERVICES PTY by all of the directors (although Nige likes to keep most of his shares in Ridgeback) Seems this entity is just a 'registry' holding company for various folk who have staff share schemes

It looked like this entity has increased to about 42m recently, but it is like this:

Since the last round of Performance Share vestings, it looks like Nige has shifted ~9m of his shares IN, and Hugelips moved 4m OUT, seemingly to Fatarse, leaving a new total of ~42m

I am wondering on what basis these might have been transferred, as if Hugelips is still a beneficiary on these shares, then he would still be nominating himself.

But I'll give him the benefit of the doubt, and in the end it won't matter, they're fucked anyway

As Roller says ad nauseam, big news inbound, apparently

2.5

Fat Tail Holdings Pty Ltd (an entity associated with Peter Huljich) that holds 0.14% of the Company’s issued capital.

So less than 42 mill Xerof ?

 

[Samus]

Fat Tail Holdings Pty Ltd (an entity associated with Peter Huljich) that holds 0.14% of the Company’s issued capital.

So less than 42 mill Xerof ?

Roughly 5,000,000

 

[Misfits]

Roughly 5,000,000

Thanks Sammael. So bucklies chance!

 

[timb89]

Does anyone know why that email was sent to Nigel to remove Peter?

 

[Samus]

NEWSECONOMY

Where are we with the memorandum of understanding on lithium from Manono of the public company RD Congo with the Koreans of Kum Yang?​

September 6, 2023
Kiki Kienge


By Kiki Kienge
“As members of the Congolese Civil Society, we want the Congolese population to be informed of the true value of the mining assets to be transferred to the trading firm Kum Yang in the name of the agreement signed and announced yesterday by the Korean media. If it is a public company that has signed the agreement to transfer its shares, the population deserves to know the mining Permit(s) concerned, its (their) location(s) in relation to the mining Permits other companies to avoid unnecessary conflicts and especially not to continually block the Dathcom Mining project eagerly awaited by the populations of Manono. » Declaration of civil society organizations and platforms.
It is a memorandum of understanding that has almost gone unnoticed by the Congolese population, an agreement for the exploitation of lithium in Manono in the province of Tanganyika by the Koreans of the trading firm, Kum Yang with a Congolese "public company" , signed on October 12, 2022 by both parties.
An agreement that should lead to the creation of a joint venture where the Koreans were betting to obtain 60% of the shares with an investment of only 35 to 40 billion Wons (24,480,673 $US to 27,980,652 $US).
"We expect to complete this agreement within 1-2 months of signing this MoU and acquire more than 60% of the mining stake by spending 35-40 billion won (the South Korean currency) for initial development capital expenditure. » Said Park Soon-hyuk , public relations director of Kumyang.
The said Congolese public company had made available to the Koreans of Kum Yang a mining area in Manono surrounding or "part of" permit 13359 already granted to DATHCOM, on which the Australians of AVZ MINERALS have already carried out the feasibility study which has promoted Congolese lithium internationally.
This mining perimeter would contain large quantities of lithium, tin and coltan and others had reassured the officials of the Congolese company signatory of the memorandum of understanding, would represent approximately 36% of the AVZ MINERALS mine area, of which the Initial geological exploration had shown that the DATHCOM mine and the lithium mineral vein are also connected there, so the reserves should be at the same rate level.
Congolese Civil Society organizations and platforms specializing in mining issues (Justicia Asbl, LICOCO, RND Asbl, POM, MDR, GANVE, CDH; ESPOIR ONG, RCEN, CERN/CENCO, TPRDC, MAX IMPACT) had raised to denounce this agreement which they have qualified and defined as; The sale of Manono's lithium mining assets in favor of the South Koreans KUM YANG, in violation of the laws of the Republic, despite the damning conclusions of the General Inspectorate of Finance against COMINIERE, DATHOMIR and ZIJIN is worrying.
“In all cases, this signature took place with a Congolese company
private or public predatory mining assets of the country in Manono that the institutions of the Republic have the legal obligation to identify and especially to sanction taking into account the conclusions of the IGF Report. Our organizations and platforms recall that to date, individuals and private companies cited in the sheet of conclusions of the investigation of the General Inspectorate of Finance (IGF) which is a Service of the Presidency of the Republic, such as responsible for selling off the assets of COMINIERE and alleged perpetrators of criminal offenses, continue to operate and make money on the backs of the Republic and its population, of which we are a part. »
The memorandum of understanding was published by the Korean media, Paxetv.com on October 13, 2022 signed by journalist Park Na-yeon kk020419@paxetv.com, here is the article:
Geumyang “The first step in securing key minerals for secondary batteries in Africa”… Signing of lithium mining agreements
On the 12th, Geumyang signed a memorandum of understanding with a local resource development company to acquire development and ownership rights to the Manono mine in the Democratic Republic of Congo, which is believed to contain significant deposits of lithium, tin and coltan.
The mine, owned by AVZ, is one of the largest lithium development projects in the world, with estimated reserves of 4 million tonnes of lithium ore, with a high grade of 1.65% lithium in the ore .
According to a physicability study published by AVZ in 2020, it is estimated that 70 tonnes of spodumene can be extracted annually for <> years.
According to Geumyang officials, the area where the MOU was signed represents approximately 36% of the AVZ mine area, and following initial geological exploration, it was found that the AVZ mine and the Lithium veins are connected, so the reserves should be at the same proportion level.
Park Soon-hyuk, Public Relations Manager of Geumyang, said, “We expect to sign this contract within 1~2 months of signing this MoU and secure over 350% stake in the mine. by spending 400 billion~60 billion won as the initial development investment cost. »

Où en est-on avec le protocole d'accord sur le lithium de Manono de la société publique RD Congo avec les Coréens de Kum Yang ? - Kongo Presse

Par Kiki Kienge « En tant que membres de la Société Civile congolaise, nous souhaitons que la population congolaise soit informée de la vraie valeur des actifs miniers à céder à…

kongopress.com

 

[Samus]

Get a load of this cunt!

 

[JAG]

Get a load of this cunt!

You mean…..

 

[Doc]

Does anyone know why that email was sent to Nigel to remove Peter?

lets just say conflict of interest

 

[MoneyBags1348]

NEWSECONOMY

Where are we with the memorandum of understanding on lithium from Manono of the public company RD Congo with the Koreans of Kum Yang?​

September 6, 2023
Kiki Kienge


By Kiki Kienge
“As members of the Congolese Civil Society, we want the Congolese population to be informed of the true value of the mining assets to be transferred to the trading firm Kum Yang in the name of the agreement signed and announced yesterday by the Korean media. If it is a public company that has signed the agreement to transfer its shares, the population deserves to know the mining Permit(s) concerned, its (their) location(s) in relation to the mining Permits other companies to avoid unnecessary conflicts and especially not to continually block the Dathcom Mining project eagerly awaited by the populations of Manono. » Declaration of civil society organizations and platforms.
It is a memorandum of understanding that has almost gone unnoticed by the Congolese population, an agreement for the exploitation of lithium in Manono in the province of Tanganyika by the Koreans of the trading firm, Kum Yang with a Congolese "public company" , signed on October 12, 2022 by both parties.
An agreement that should lead to the creation of a joint venture where the Koreans were betting to obtain 60% of the shares with an investment of only 35 to 40 billion Wons (24,480,673 $US to 27,980,652 $US).
"We expect to complete this agreement within 1-2 months of signing this MoU and acquire more than 60% of the mining stake by spending 35-40 billion won (the South Korean currency) for initial development capital expenditure. » Said Park Soon-hyuk , public relations director of Kumyang.
The said Congolese public company had made available to the Koreans of Kum Yang a mining area in Manono surrounding or "part of" permit 13359 already granted to DATHCOM, on which the Australians of AVZ MINERALS have already carried out the feasibility study which has promoted Congolese lithium internationally.
This mining perimeter would contain large quantities of lithium, tin and coltan and others had reassured the officials of the Congolese company signatory of the memorandum of understanding, would represent approximately 36% of the AVZ MINERALS mine area, of which the Initial geological exploration had shown that the DATHCOM mine and the lithium mineral vein are also connected there, so the reserves should be at the same rate level.
Congolese Civil Society organizations and platforms specializing in mining issues (Justicia Asbl, LICOCO, RND Asbl, POM, MDR, GANVE, CDH; ESPOIR ONG, RCEN, CERN/CENCO, TPRDC, MAX IMPACT) had raised to denounce this agreement which they have qualified and defined as; The sale of Manono's lithium mining assets in favor of the South Koreans KUM YANG, in violation of the laws of the Republic, despite the damning conclusions of the General Inspectorate of Finance against COMINIERE, DATHOMIR and ZIJIN is worrying.
“In all cases, this signature took place with a Congolese company
private or public predatory mining assets of the country in Manono that the institutions of the Republic have the legal obligation to identify and especially to sanction taking into account the conclusions of the IGF Report. Our organizations and platforms recall that to date, individuals and private companies cited in the sheet of conclusions of the investigation of the General Inspectorate of Finance (IGF) which is a Service of the Presidency of the Republic, such as responsible for selling off the assets of COMINIERE and alleged perpetrators of criminal offenses, continue to operate and make money on the backs of the Republic and its population, of which we are a part. »
The memorandum of understanding was published by the Korean media, Paxetv.com on October 13, 2022 signed by journalist Park Na-yeon kk020419@paxetv.com, here is the article:
Geumyang “The first step in securing key minerals for secondary batteries in Africa”… Signing of lithium mining agreements
On the 12th, Geumyang signed a memorandum of understanding with a local resource development company to acquire development and ownership rights to the Manono mine in the Democratic Republic of Congo, which is believed to contain significant deposits of lithium, tin and coltan.
The mine, owned by AVZ, is one of the largest lithium development projects in the world, with estimated reserves of 4 million tonnes of lithium ore, with a high grade of 1.65% lithium in the ore .
According to a physicability study published by AVZ in 2020, it is estimated that 70 tonnes of spodumene can be extracted annually for <> years.
According to Geumyang officials, the area where the MOU was signed represents approximately 36% of the AVZ mine area, and following initial geological exploration, it was found that the AVZ mine and the Lithium veins are connected, so the reserves should be at the same proportion level.
Park Soon-hyuk, Public Relations Manager of Geumyang, said, “We expect to sign this contract within 1~2 months of signing this MoU and secure over 350% stake in the mine. by spending 400 billion~60 billion won as the initial development investment cost. »

Où en est-on avec le protocole d'accord sur le lithium de Manono de la société publique RD Congo avec les Coréens de Kum Yang ? - Kongo Presse

Par Kiki Kienge « En tant que membres de la Société Civile congolaise, nous souhaitons que la population congolaise soit informée de la vraie valeur des actifs miniers à céder à…

kongopress.com

Sam here’s the link with some information to follow up on Kiki’s post

Companies Vying For Manono

Companies Vying For Manono GEUMYANG / KUMYANG - KANUKA MINING - FORCE COMMODITIES (ASX: 4CE) - CRITICAL RESOURCES LIMITED (CCR) - MINING MINERAL RESOURCES (MMR) 금양, 아프리카 리튬 확보 '첫 발'…콩고 리튬 광산 개발 MOU 금양이 콩고민주공화국 마노노(Manono) 광산 개발 및 소유의 권리를 획득하기 위한 MOU를 현지 자원개발회사와 체력했다고 12일 밝혔다.마노노 광산은 콩고민주공화국...

thestockexchange.com.au

 

[Remark]

Does anyone know why that email was sent to Nigel to remove Peter?

Sleeping with the enemy, so to speak...

 

[Chilla]

OK, so having fucked about chasing shadows earlier today, I think between myself and Sir Les, we have worked this out.

@Charbella @Chilla also regarding Hugelips holding 42m shares, this applies to your comments too

So shares are held in EQUITY PLAN SERVICES PTY by all of the directors (although Nige likes to keep most of his shares in Ridgeback) Seems this entity is just a 'registry' holding company for various folk who have staff share schemes

It looked like this entity has increased to about 42m recently, but it is like this:

Since the last round of Performance Share vestings, it looks like Nige has shifted ~9m of his shares IN, and Hugelips moved 4m OUT, seemingly to Fatarse, leaving a new total of ~42m

I am wondering on what basis these might have been transferred, as if Hugelips is still a beneficiary on these shares, then he would still be nominating himself.

But I'll give him the benefit of the doubt, and in the end it won't matter, they're fucked anyway

As Roller says ad nauseam, big news inbound, apparently

2.5

Or was it Nige had 9 mil unvested performance rights added and Huljich had his 4 mil unvested performance rights cancelled?

 

[Xerof]

Or was it Nige had 9 mil unvested performance rights added and Huljich had his 4 mil unvested performance rights cancelled?

Ok, so Sir Les has seen a T20 as at July 23, which shows Ridgeback REDUCED from ~51 to ~37m, and an INCREASE for EQUITY PLAN SERVICES by ~9m.

Long story short, we both got a bit tied up with assuming PH had been buying, but this appears to not be the case.

PH still had 5m shares and 5m plus change of vested rights, and he still has the rights as far as I know

The movement is easily explained as NF moves ~13m to the EPS PTY from Ridgeback with no Ann required, and PH moves ~5m out of EPS, with no Ann required as no longer a director.

I have noted in the Ann by AVZ today that Fat Tail, an entity associated with PH holds ~0.14% of AVZ

Thats most likely the ~5m of shares moved by PH

If Fat Tail is an associated entity of PH, I want to know if PH SOLD them to Fat Tail, or has he assigned them in some way to preserve a relevant interest?

If he SOLD them, then I would like to discover the price, as Fat Tail appears to be a shitty little holding company of no material standing.

If PH still holds a relevant interest, how can he nominate himself?

Answers please by tomorrow morning, thanks

 

[Xerof]

Or was it Nige had 9 mil unvested performance rights added and Huljich had his 4 mil unvested performance rights cancelled?

Nige moved ~13m of shares, and PH 5m of shares, so net movement was ~9m, sorry if I confused you mate.

 

[oxxa23]

Ok, so Sir Les has seen a T20 as at July 23, which shows Ridgeback REDUCED from ~51 to ~37m, and an INCREASE for EQUITY PLAN SERVICES by ~9m.

Long story short, we both got a bit tied up with assuming PH had been buying, but this appears to not be the case.

PH still had 5m shares and 5m plus change of vested rights, and he still has the rights as far as I know

The movement is easily explained as NF moves ~13m to the EPS PTY from Ridgeback with no Ann required, and PH moves ~5m out of EPS, with no Ann required as no longer a director.

I have noted in the Ann by AVZ today that Fat Tail, an entity associated with PH holds ~1.4% of AVZ

Thats most likely the ~5m of shares moved by PH

If Fat Tail is an associated entity of PH, I want to know if PH SOLD them to Fat Tail, or has he assigned them in some way to preserve a relevant interest?

If he SOLD them, then I would like to discover the price, as Fat Tail appears to be a shitty little holding company of no material standing.

If PH still holds a relevant interest, how can he nominate himself?

Answers please by tomorrow morning, thanks

Fat tails shares are non beneficially owned by Nicholas Cole (i.e. as a trustee for a trust)..... if DH, sorry, PH, claims this as an associated entity, then either PH controls the trust (I.e. its Nicholas Cole as trustee, but, ph as beneficiary and appointor)....or, Nicholas is his spouse.....

But, if a trust and its ph in control, then your question on nomination is valid

 

[Remark]

Nige moved ~13m of shares, and PH 5m of shares, so net movement was ~9m, sorry if I confused you mate.

"I have noted in the Ann by AVZ today that Fat Tail, an entity associated with PH holds ~1.4% of AVZ"

You had me a little concerned with the 1.4% - according to today's announcement it is 0.14%

 

[Chilla]

Nige moved ~13m of shares, and PH 5m of shares, so net movement was ~9m, sorry if I confused you mate.

Yep that clears it up.

Fat Tail have 0.14%.

I wonder what the reason would be for Nige to move 13mil out of the Family holding company Ridgeback and into Equity Plan which is a trust run by the directors?

The other thing to consider is the T20 has been incorrect previously in showing the total held by Ridgeback…so it’s possible there has been no movement and it’s just been reported differently as it has in the past. I’m not reading anything into it.

The main thing is that the Klaus puppet Huljich and the other cronies have no chance of getting a board seat

None
Nada
Zilch
Zippo

Let them rot in the ruins of what they did to the poor holders of Amani the fuckers.

 

[Xerof]

"I have noted in the Ann by AVZ today that Fat Tail, an entity associated with PH holds ~1.4% of AVZ"

You had me a little concerned with the 1.4% - according to today's announcement it is 0.14%

View attachment 44056

Oh sorry, fat fingers on my part, yes 0.14%

 

[oxxa23]

Yep that clears it up.

Fat Tail have 0.14%.

I wonder what the reason would be for Nige to move 13mil out of the Family holding company Ridgeback and into Equity Plan which is a trust run by the directors?

Do you think there is still ex employees shares in equity plan? If so, perhaps moving more stock into it by nige tipped the scales of voting power within that entity... I.e. could they ensure its shareholdings are then voted as nige and co want at an agm or egm...

 

[Chilla]

Do you think there is still ex employees shares in equity plan? If so, perhaps moving more stock into it by nige tipped the scales of voting power within that entity... I.e. could they ensure its shareholdings are then voted as nige and co want at an agm or egm...

Certainly possible. But I thought EP was just the holding entity of director and management unvested performance rights, but I’m not 100% on that.

 

[TheCount]

Do you think there is still ex employees shares in equity plan? If so, perhaps moving more stock into it by nige tipped the scales of voting power within that entity... I.e. could they ensure its shareholdings are then voted as nige and co want at an agm or egm...

Possible non-voting conditions on those puppies, conflict of interest and all… But why move voting shares in is a mystery!