"Who benefits from the appointment of Huljich, Carrick, Ludbrook;
Eckhof, Simon Cong and ZIJIN?"
NEWSINTERNATIONAL
AVZ's position on the candidacy of Huljich, Carrick and Ludbrook, shareholders of Fat Tail Holdings Pty Ltd, for the Board of Directors
October 10, 2023
Kiki Kienge
By Kiki Kienge
Shareholders of Fat Tail Holdings Pty Ltd (Fat Tail), an entity which owns 0.14% of shares in AVZ MINERALS LIMITED including Peter Huljich, former director of AVZ who holds a stake in the capital.
Sent correspondence to the shareholders of AVZ MINERALS LIMITED which will then be published on social networks, asking them to vote for the board of directors of AVZ, personalities from Fat Tail Holdings Pty Ltd, such as;
- Peter Huljich (former director of the company),
- by Michael Carrick
- and Ty Ludbrook.
Namely that many voices in the sector speak of a link between Peter Huljich and Klaus Eckhof with Simon Cong Maohua and all with the Chinese giant ZIJIN MINING which is eyeing the Manono lithium project and wants to seize it at all costs, which is notably in a legal war following the acquisition of 15% of the shares of COMINUERE SA, a sale which was deemed illegal by the IGF (General Inspectorate of Finance).
Many shareholders of AVZ MINERALS LIMITED and other expert analysts of the sector, suspect that these latest candidates for the board of directors of AVZ, only have the objective of supporting the strategy of the Chinese of ZIJIN MINING, to get their hands on the Manono lithium project, thus ejecting the Australians from AVZ.
In this correspondence from Fat Tail Holdings Pty Ltd, the editors made several inaccurate statements regarding the directors and the Manono lithium project, of which AVZ MINERALS is the majority shareholder.
Accusations of which we can read in the press release from the Perth company:
- AVZ's relationships with key DRC government officials and community stakeholders.
- Property of PR 13359 (the exploration permit which includes the Manono project).
- 15% stake in Dathcom Mining SA (Dathcom).
- Importance of arbitrage strategy;
- Judgment of the Lubumbashi high court;
- AVZ corporate governance;
- Appointments of Ty Ludbrook and Peter Huljich
– Brief passage 1 ;
AVZ is working tirelessly to advance these negotiations with Nigel Ferguson and Ben Cohen, Commercial Director and Deputy General Secretary of AVZ. They spent 246 days on business trips over the past 8 months in the DRC to advance these negotiations. On several occasions, accompanied by the executive director, Serge Ngandu, and by the legal advisor.
The DRC government recognizes this and is progressing MOU discussions within a strict legal and regulatory framework, which naturally takes time.
– Brief passage 2 ;
The CAMI portal indicates that Cominiere is the holder of PR13359, while specifying that it expired on December 27, 2021, which is obviously false. The CAMI register is incorrect because Cominiere obtained a national court order requiring CAMI to amend the register.
– Brief passage 3 ;
AVZ does not dispute the existence of contradictory statements regarding the transfer of the 15% in Dathcom. However, any alleged transfer of Cominiere's 15% stake in Dathcom to Zijin must be ignored, including reports published by Cominiere or Zijin, as this alleged transaction was in clear violation of AVZ's pre-emption rights.
– Brief passage 4 ;
AVZ management refutes the idea that any of the arbitrations could be considered unnecessary (…) It is important to note that AVZ notes that the introduction of ICSID arbitration against the DRC, concerning The failure to obtain the operating permit was the catalyst for the start of the MoU negotiations.
– Brief passage 5 ;
AVZ notes that the High Court of Lubumbashi was not competent to decide, and did not do so , the question of ownership of Dathcom shares, which will be decided by the ICC. Furthermore, AVZ was not a party to the proceedings and neither AVZ nor Graeme Johnston had the opportunity to be heard.
– Brief passage 6 ;
Furthermore, any inference that current directors or officers of AVZ sold shares while in possession of material information not publicly available at the time they sold their shares is false and without merit.
Peter Huljich served as a member of the AVZ Board of Directors between May 2, 2019 and August 3, 2022. Prior to his resignation, he was fully aware of the baseless and worthless allegations by Cominiere, Zijin and Dathomir.
– Brief passage 7 ;
While a director of AVZ, Mr. Huljich presented to the AVZ Board of Directors an impractical and baseless solution to purchase from Dig Oil (an entity associated with Dan Gertler) DRC's outstanding debts related to litigation, with the aim of exerting pressure on the government.
The AVZ board of directors rejected the proposal from Mr. Ludbrook (Allegiance Capital), in consultation with Mr. Huljich, because considering that the proposed strategy was not in the interest of AVZ shareholders, but rather to Huljich and Mr. Ludbrook.
CONCLUSION !
Can we draw the conclusion that the possible appointment to the board of directors of AVZ MINERALS LIMITED of Peter Huljich, Michael Carrick and Ty Ludbrook would not be in the interest of the shareholders of AVZ, but of the people behind this cabal, which would be; Klaus Eckhof and Simon Cong Maohua, notably favoring the Chinese giant, ZIJIN MINING in its quest to seize the Manono lithium project?
