If it's only " The 15%" that's in dispute then I think it has to be business as usual. ML in hand / CATH $240 MIL . We cannot afford anymore delays while we wait for this BS to be sorted . Come out of suspension with a couple pieces of great news and inform SH the issue with Zijin is ongoing but remain highly confident in a successful outcome . Back To Business Baby.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Dow futures DOWN another 430pts now, fuck i hate red, sorry to be a KARENExcellent, well reasoned posts guys, I have mentioned this before and i will say it again, i understand everyones frustration with Zijin, we all have substantial dollars invested in AVZ, i have read every possible scenario under the sun from all variety of posters regards to this shit storm , but the only bit of information i am going to take notice of, is the formal announcement tomorrow from NIGEL FERGUSON, CEO of AVZ, in which I have HIGH respect for and assume he is well armed with BAD ASS lawyers.
I am expecting an extension of the TH, cause these legal matters take time, especially with the Chinese , but i will be pleasantly surprised if Nige drops a bomb and confirms AVZ rightful 75% ownership - CATH 24% = 51% , controlling interest , then we can chat about the REAL 15% which AVZ and DRC GOVT are purportedly negotiating.
Further to that, Zijin gets paid the " snack money " that the acting CEO spent with his/ her cronies , told to fuck off and also be advised that there will be investigations into his other projects / dealings in the past........
The corrupt officials of the DRC go to jail.
What will be the reality ?
imo
Nigel on the phone now to Perth “yeah guys let’s reword that announcement, I think there ahh might of been someone nicking dunny rolls from AVZ loo’s. Might take me a week to find out. Better cancel that coming out of suspension till it’s sorted. Nigel out”
Winenut
GO AVZ!!!!
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Cheers
Samus
Top 20
Paid up member here, happy to support this superior platform.
Much more enjoyable without the ads as well.
DiscoDanNZ
Regular
Cheers that's what I was wondering.
so extension it is pls NigeAVZ has outperformed the market alot in the last couple of weeks
I think the only way we come out of suspension tomorrow is with a big ol' swinging Nige announcement reaffirming that Zin and Jin are full of shit and can cry to whatever judge they want and its all bull shit.
In reality I don't expect that to happen as legal stuff takes awhile to work through and if the Dow futures are so badly down then I'm more than happy to stay in suspension.
CashKing
Regular
…
CeckRaiseFold
Regular
So here we are on the eve of a big announcement.
I'm really curious about what Nigel and team are penning down right now to send to the ASX. I can see the following scenarios:
Most Likely - "Onward and Upwards":
Resume trade.
Surface license fees have been calculated and paid for by Dathcom resulting in the mining license being issued to Dathcom. CATH have paid their $240mln for a 24% stake in Dathcom and AVZ are now a 51% majority JVParticipant and operator in Dathcom.
Negotiations are ongoing to acquire 15% stake in Dathcom from Cominiere. Request for international arbitration are ignored and any claims made by 3rd parties (Zijin) will be dealt with by the relevant DRC institutions (basically not AVZ's issue).
Next focus is on FID, BFS, financing and award of contracts to start building the mine and power station.
Worst Case - "We're tied in red-tape":
Extend suspension (yes staying suspended is not as great as some people think - it erodes confidence and we cannot hide from a global macro economic correction). Extended suspension required because administrative and/or legal issue prevent the issuance of the mining license or the completion of the CATH deal.
Best Case - "Clean Sweep":
As per Most Likely case above plus: release of BFS and confirmation of finance for a 10MTPa plant.
Confirmation through whatever means that Cominiere still hold the 25% stake in Dathcom and that any challenges by others have been categorically rejected or deemed illegal and arrangements are being finalised for AVZ to acquire 15% Dathcom holdings from Cominiere using combination of cash and loan draw-down facility in place.
Next focus on FID, award of contracts and further offtakes possibly for an in-country LiOH plant
What is it going to be?
In any case Manono will be mined and AVZ will be a big part of it either with 51% or 66% (the 36% case that some mention is just fearmongering and IMO not worth spending any energy on). All LTHs who bought this stock when it was hovering between 3 and 10 cents will make some serious money out of this. If you have been in that long you will have the patience to see this through.
Good luck all and sleep well!
I'm really curious about what Nigel and team are penning down right now to send to the ASX. I can see the following scenarios:
Most Likely - "Onward and Upwards":
Resume trade.
Surface license fees have been calculated and paid for by Dathcom resulting in the mining license being issued to Dathcom. CATH have paid their $240mln for a 24% stake in Dathcom and AVZ are now a 51% majority JVParticipant and operator in Dathcom.
Negotiations are ongoing to acquire 15% stake in Dathcom from Cominiere. Request for international arbitration are ignored and any claims made by 3rd parties (Zijin) will be dealt with by the relevant DRC institutions (basically not AVZ's issue).
Next focus is on FID, BFS, financing and award of contracts to start building the mine and power station.
Worst Case - "We're tied in red-tape":
Extend suspension (yes staying suspended is not as great as some people think - it erodes confidence and we cannot hide from a global macro economic correction). Extended suspension required because administrative and/or legal issue prevent the issuance of the mining license or the completion of the CATH deal.
Best Case - "Clean Sweep":
As per Most Likely case above plus: release of BFS and confirmation of finance for a 10MTPa plant.
Confirmation through whatever means that Cominiere still hold the 25% stake in Dathcom and that any challenges by others have been categorically rejected or deemed illegal and arrangements are being finalised for AVZ to acquire 15% Dathcom holdings from Cominiere using combination of cash and loan draw-down facility in place.
Next focus on FID, award of contracts and further offtakes possibly for an in-country LiOH plant
What is it going to be?
In any case Manono will be mined and AVZ will be a big part of it either with 51% or 66% (the 36% case that some mention is just fearmongering and IMO not worth spending any energy on). All LTHs who bought this stock when it was hovering between 3 and 10 cents will make some serious money out of this. If you have been in that long you will have the patience to see this through.
Good luck all and sleep well!
@obe wan that's a beautiful setup mate, I'm about 80 brews in on a 50L kettle BIAB (love the simplicity) and have spent the last month listening to heaps of podcasts and checking out all-in-one and 3V systems ... leaning towards 50/70L Cheeky Peak all-in-one system ... looks solid and like their youtube vids and the guys in the sound pretty down to earthYes cheekypeak is good gear,; there's my setup, gone electric, cheeky peak kettle on the left and I dropped one of their herms into the tank at the end ; had to get the sparkies around to beef up the wiring for it. Keeps me out of the bottlo
CashKing
Regular
I’m going with CATH have paid their $240mill for a 24% stake.
Mining License Awarded
Mpiana Mwanga hydro-electric power station - 87 km from site - Works have started
Open pit design “hard rock lithium, tin and tantalum” Progressing Well
(Strip ratio < 0.5:1)
(Heaps of ticks)Alluvial tin and tantalum % available upon further drill samples but
Roche Dure resource extension and advancing Carriere de l’Este exploration target
“Clearly Not Big Enough Yet”Exploration targets identified for both laterite hosted and river channel placer tin deposits
Other brown and greenfield exploration opportunities “ Wait what More ???”
FID to delivered within the months End with BFS Included to Top it off
We open up for Trade tomorrow and what will be will be….
It would be nice if the shorters had to pay for the borrow a little longer but
fuck them And in small writing at the bottom which they must address the Jing Cheng thing..
Which a AIMO Is a nothing thing….
GLTAH
Last edited:
CashKing
Regular
Hey I only have a problem when out run out of alcohol WNIt would appear AVZ attracts a disproportionate number of alcoholics to its shareholding ranks….
until then I’m fine 
cannot speak for anyone else Ahhh 1 more sleep…..
I honestly think the team at AVZ have got this, maybe a minor slip but that’s what the shorters are after.
I’m good with a extension my shares are all paid for unlike some on the crapper
GLTAH
investinvest
Regular
In the current tornado of information and misinformation, these takeaway information stand clear to me:
1. Zijin/Jin Cheng claimed to have purchased 15% of Dathcom in July 2021 from state-owned COMINIERE. Yet, they were never publicly endorsed or welcomed into the project by the DRC government. In fact, the DRC_Africa Business Forum in November 2021 included AVZ as the only mining company invited into the DRC Battery Council. Zijin/Jin Cheng is a mining company and yet was not invited as a miner partner by the DRC into the DRC Battery Council. I think that it is unlikely that the DRC is not aware of this for 4 months so I think that it was an active decision to exclude Zijin/Jin Cheng from being invited into the DRC Battery Council.
My opinion: DRC does not recognise/welcome Zijin/Jin Cheng as a legal in Dathcom.
2. The Inspection General of Finance (IGF) in DRC was tasked with investigating this sale and concluded on 30th March 2022 that this sale was illegal, rushed and undervalues the state assets. The IGF has recommended to the DRC president accordingly. This is now public knowledge in the DRC.
My opinion: The public, IGF and DRC president knows that this transaction was illegal. It is now only a matter of time for the president to punish this accordingly. The public would expect punishment for rouge COMINIERE agents and Zijin/Jin Cheng.
3. AVZ has publicly announced on the Australian stock exchange that AVZ legally owns 75% of the Manono project (with a whole timeline of official announcements on the ASX to prove the legal purchase from Dathomir. No questions about this). Zijin/Jin Cheng has not announced their purchase of 15% of Dathcom in their China/Hong Kong stock exchanges besides several sentences on page 251 of the 2021 annual report as a footnote to financial statements. Being able to buy 15% of Dathcom for only USD$33.4 million would be the deal of the century so it makes no sense to hide it when Zijin has announced lesser acquisition/investment deals (in the same report, the acquisition of PE12453 and PE13427 greenfield exploration and mining rights project at the periphery of the Manono Lithium Mine in the DRC on page 40). It beggars belief that they would announce these small exploration projects and not the part-acquisition of the largest known lithium deposit in the world. Zijin did not even explain in this annual report what project or mineral Dathcom was involved in, whereas on the same report it announced. In fact, Zijin on 3rd August 2021 announced in an "Explanations on Media Reports" that: "To date, the Company has no lithium mineral resources or related business."
(https://www.zijinmining.com/upload/...21/08/03/ddd3766e9bf740de817b42e1b52a2da0.pdf)
In the same media explanation announcement, Zijin's disclaimer was "The Company reminds investors that the Company’s designated media for information disclosure in the PRC are the Shanghai Securities News, Securities Times and the website of the Shanghai Stock Exchange (http://www.sse.com.cn). All information contained in the Company’s announcements published in the abovementioned newspapers and website shall prevail."
The only in-detail announcement by Zijin (excluding possible third-party agents working on their behalf) about their involvement in Dathcom was on Zijin news webpages in English and Chinese, which are not listed as a "designated media for information disclosure".
My opinion: Zijin is aware that their transaction was illegal, hence the burying of the information within the depths of a 431-page annual report and not properly announcing it on the Chinese and Hong Kong sharemarket exchanges or "designated media".
4. There were precedent cases where the pre-emptive right to acquire more share in a project have been exercised successfully in DRC projects and defended at the ICC International Court of Arbitration. The pre-emptive rights has been shown to work in real-life in the DRC.
My opinion: Zijin/Jin Cheng are desperate to salvage their untenable position. Not pursuing their case in the DRC shows that they are aware that they will not get any support from the DRC government and the public. Not even their usual corruption tactics will save them this time.
5. New HC accounts popping up every day to spread fear about AVZ in the last few weeks.
My opinion: Shorters and those with an anti-AVZ agenda (whether sponsored/non-sponsored) are desperate to get shareholders to sell AVZ shares to them at a cheaper price because they cannot succeed in their objective without extra selling by others. AVZ shares are in demand by people with financial backing and in the know.
My summary: Everyone wants a pie of AVZ and Manono. Zijin/Jin Cheng shot themselves in the foot by buying the 15% stake for such a low price (makes it so much easier to see that it was a corrupted deal) and doing it illegally with blatant corruption. Time for us to cook the shorts (if the general market conditions allow). I am much more comfortable with my investment in AVZ, more than ever. If the shorters still want to play I've got a tonne of other stocks to sell to move cash into AVZ. Bring it on.
DYOR IMO
1. Zijin/Jin Cheng claimed to have purchased 15% of Dathcom in July 2021 from state-owned COMINIERE. Yet, they were never publicly endorsed or welcomed into the project by the DRC government. In fact, the DRC_Africa Business Forum in November 2021 included AVZ as the only mining company invited into the DRC Battery Council. Zijin/Jin Cheng is a mining company and yet was not invited as a miner partner by the DRC into the DRC Battery Council. I think that it is unlikely that the DRC is not aware of this for 4 months so I think that it was an active decision to exclude Zijin/Jin Cheng from being invited into the DRC Battery Council.
My opinion: DRC does not recognise/welcome Zijin/Jin Cheng as a legal in Dathcom.
2. The Inspection General of Finance (IGF) in DRC was tasked with investigating this sale and concluded on 30th March 2022 that this sale was illegal, rushed and undervalues the state assets. The IGF has recommended to the DRC president accordingly. This is now public knowledge in the DRC.
My opinion: The public, IGF and DRC president knows that this transaction was illegal. It is now only a matter of time for the president to punish this accordingly. The public would expect punishment for rouge COMINIERE agents and Zijin/Jin Cheng.
3. AVZ has publicly announced on the Australian stock exchange that AVZ legally owns 75% of the Manono project (with a whole timeline of official announcements on the ASX to prove the legal purchase from Dathomir. No questions about this). Zijin/Jin Cheng has not announced their purchase of 15% of Dathcom in their China/Hong Kong stock exchanges besides several sentences on page 251 of the 2021 annual report as a footnote to financial statements. Being able to buy 15% of Dathcom for only USD$33.4 million would be the deal of the century so it makes no sense to hide it when Zijin has announced lesser acquisition/investment deals (in the same report, the acquisition of PE12453 and PE13427 greenfield exploration and mining rights project at the periphery of the Manono Lithium Mine in the DRC on page 40). It beggars belief that they would announce these small exploration projects and not the part-acquisition of the largest known lithium deposit in the world. Zijin did not even explain in this annual report what project or mineral Dathcom was involved in, whereas on the same report it announced. In fact, Zijin on 3rd August 2021 announced in an "Explanations on Media Reports" that: "To date, the Company has no lithium mineral resources or related business."
(https://www.zijinmining.com/upload/...21/08/03/ddd3766e9bf740de817b42e1b52a2da0.pdf)
In the same media explanation announcement, Zijin's disclaimer was "The Company reminds investors that the Company’s designated media for information disclosure in the PRC are the Shanghai Securities News, Securities Times and the website of the Shanghai Stock Exchange (http://www.sse.com.cn). All information contained in the Company’s announcements published in the abovementioned newspapers and website shall prevail."
The only in-detail announcement by Zijin (excluding possible third-party agents working on their behalf) about their involvement in Dathcom was on Zijin news webpages in English and Chinese, which are not listed as a "designated media for information disclosure".
My opinion: Zijin is aware that their transaction was illegal, hence the burying of the information within the depths of a 431-page annual report and not properly announcing it on the Chinese and Hong Kong sharemarket exchanges or "designated media".
4. There were precedent cases where the pre-emptive right to acquire more share in a project have been exercised successfully in DRC projects and defended at the ICC International Court of Arbitration. The pre-emptive rights has been shown to work in real-life in the DRC.
My opinion: Zijin/Jin Cheng are desperate to salvage their untenable position. Not pursuing their case in the DRC shows that they are aware that they will not get any support from the DRC government and the public. Not even their usual corruption tactics will save them this time.
5. New HC accounts popping up every day to spread fear about AVZ in the last few weeks.
My opinion: Shorters and those with an anti-AVZ agenda (whether sponsored/non-sponsored) are desperate to get shareholders to sell AVZ shares to them at a cheaper price because they cannot succeed in their objective without extra selling by others. AVZ shares are in demand by people with financial backing and in the know.
My summary: Everyone wants a pie of AVZ and Manono. Zijin/Jin Cheng shot themselves in the foot by buying the 15% stake for such a low price (makes it so much easier to see that it was a corrupted deal) and doing it illegally with blatant corruption. Time for us to cook the shorts (if the general market conditions allow). I am much more comfortable with my investment in AVZ, more than ever. If the shorters still want to play I've got a tonne of other stocks to sell to move cash into AVZ. Bring it on.
DYOR IMO
CashKing
Regular
You can get it Jumpin' - You can get it Pumpin'
You can get it Liftin' - You can get it Shiftin'
You can get it Postin' - You can get it Roastin'
You can get it Fishin' - You can get it Wishin'
A hard earned thirst needs a big Cold Beer
And the best Cold Beer's the Counts AVZ Ale
You can get it Mowin' - You can get it any old how
Matter o' fact, I got it now
View attachment 7073
View attachment 7075
View attachment 7074
GLTA-AVZ Hoptimists
Cheers
Frank
Cheers to a new hyundai genesis coupe for the paddock
GLTAH
TheCount
Regular
Cheers Frank, but there's a few boys floating under the radar with some serious beer making toys - no doubt they would be willing to contribute to the stock piles for the "extra-curricular" activities.You can get it Jumpin' - You can get it Pumpin'
You can get it Liftin' - You can get it Shiftin'
You can get it Postin' - You can get it Roastin'
You can get it Fishin' - You can get it Wishin'
A hard earned thirst needs a big Cold Beer
And the best Cold Beer's the Counts AVZ Ale
You can get it Mowin' - You can get it any old how
Matter o' fact, I got it now
View attachment 7073
View attachment 7075
View attachment 7074
GLTA-AVZ Hoptimists
Cheers
Frank
Cheers,
TC.
TheCount
Regular
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