AVZ Discussion 2022

[Samus]

It’s interesting for sure, also interesting that nobody as of yet has taken a dip in the DRC waters so to speak…seems China are the only ones willing to put $$ in while America and Europeans talk about it, frustratingly.
The CATL and Zijin approaches are very Jekyll and Hyde. Jekyll seems to be winning, with CATL pictured in meetings and playing the right way to enter Dathcom. Hydes head may well be on the block, but is that in form of a fine or worse?

By my way of thinking it's fairly critical for this to play out in AVZ's favour, I wonder how non-Chinese interests are watching this closely.

 

[Winenut]

Clear heads on the 'morrow team

Enjoy the rest of the weekend....and the next 2 weeks waiting for the official announcements!

Oh BTW....where's that boating update @Cashcity??.....

 

[TDITD]

By my way of thinking it's fairly critical for this to play out in AVZ's favour, I wonder how non-Chinese interests are watching this closely.

Christ yes, for AVZ. But also for DRC, I hope they realise this too as they want to be a battery manufacturing power well I’d imagine eyes are on this charade to see how it’s handled. No US or European $$ will want to be the next AVZ if it’s handled badly.

 

[Samus]

Wow, it totally has ..: wtaf is going on around here?

Have we got a mole?

 

[Hemicuda]

Have we got a mole?

 

[Samus]

 

[CashKing]

Clear heads on the 'morrow team

Enjoy the rest of the weekend....and the next 2 weeks waiting for the official announcements!

Oh BTW....where's that boating update @Cashcity??.....

Couple of Pinky’s and and a baldie but underside for me…

My mates did a bit better than me bastards




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Nice day out

GLTAH

Poxy photos aren’t loading up mate too big it says

 

[Hemicuda]

Couple of Pinky’s and and a baldie but underside mate …

Nice day out but..

GLTAH

What’s a baldie like for us east coasters Cash? Looks bit like a black spot tuskie that we get over here,, which are great chewin

 

[CashKing]

What’s a baldie like for us east coasters Cash? Looks bit like a black spot tuskie that we get over here,, which are great chewin

Na it was to small I threw the Baldie back , big dog got thrown back also

 

[Hemicuda]

Na it was to small I threw the Baldie back , big dog got thrown back also

Yeah I’ve never had one, good on the bbq? We don’t get them over here,,,, nice aj in the pic

 

[CashKing]

Yeah I’ve never had one, good on the bbq? We don’t get them over here,,,, nice aj in the pic

Anything is good on the bbq, butter ,garlic , foil,

Well not anything but the good ones only

 

[Hemicuda]

Anything is good on the bbq, butter ,garlic , foil,

True

 

[cruiser51]

https://www.primature.cd/public/wp-content/uploads/2022/05/COMPTE-RENDU-DE-LA-CINQUANTE-QUATRIEME-REUNION-DU-CONSEIL-DES-MINISTRES-DU-20-MAI-2022-RDC.pdf

Yesterday minister's meeting

 

[Sammy_da_Smile]

*What's the Word i'm looking for to describe this Episode of "DRC Days of Our Lives"

GECAMINES/Metakol over-the-counter market: COGEP denounces a shortfall of 2.630 billion on behalf of the Treasury and recommends legal action

The Coalition for the Governance of Public Enterprises (COGEP) denounces a shortfall of 2.630 billion US dollars on behalf of the public treasury, in connection with transactions around mining titles that Gécamines (General of Quarries and Mines) has sold to the company Metalkol, for a derisory sum of 60 million USD.

In its recently published report, COGEP denounces several irregularities, practices of financial embezzlement, corruption and mismanagement that have characterized the partnership relations between Gécamines and its two private partners within two joint ventures formed, namely Metalkol and Evelyne Investistment SA.

Through this report entitled “Gécamines, what does over-the-counter hide?, the COGEP affirms that, the consequences of the repeated violations of the laws, were not only on the legal level, but also caused enormous losses of income for Gécamines and the budget of the State.

For COGEP, Gécamines sold the mining titles at 60 million USD, while their real market value is estimated at 2.690 billion US dollars "This means that the Congolese State has lost 2.630 billion US dollars", can we read in this report.

In this document, COGEP, which points an accusing finger at public officials and political leaders, makes a few observations, namely the fact that the assets are transferred in flagrant violation of the legal and regulatory provisions which impose recourse to the appeal of offers and the approval of the Government in the Council of Ministers, is constitutive on the one hand, of penal offenses because of the legal obligations and, on the other hand, of fault of management because of the dilapidation of the mining assets; illegalities and the opacity that characterized the transactions are akin to financial embezzlement.

At no time were major transactions involving Gécamines in 2017 discussed at the General Assembly.

Further on, COGEP remains of the opinion that the various portfolio and mining ministers as well as the successive heads of government have also assumed their individual responsibilities. but, despite the serious indications described above, no precautionary measure or investigation has been carried out or ordered on this subject.

Indeed, COGEP criticizes the fact that the actions taken by the authorities with regard to the transfer of mining titles to Metalkol, which is a non-existent company, constitutes a conscious and criminal will to violate the laws or negligence which are personally attributable to them.

Consequently, COGEP recommends that the judicial authorities initiate, each as far as it is concerned, legal proceedings against the agents of Gécamines and the successive ministers suspected of being perpetrators or accomplices of fraud, embezzlement of public funds and acts of corruption inherent in improper disposals of mining assets; initiate, each as far as it is concerned, legal proceedings against the effective and legal owners of Metalkol and Evelyne Investment suspected of being perpetrators or accomplices of embezzlement of public funds and acts of corruption inherent in the irregular and fraudulent acquisitions of mining assets; adapt the existing incomplete legal framework with emphasis on the system of sanctions in terms of corruption, financial embezzlement and the squandering of public assets, in particular public mining assets.

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Gonna be interesting to see how this plays out

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'Like sand through an hour glass' ️

 

[TDITD]

More of the same, Michael Kavanagh should know better. One sided, no mention of IGF.

https://www.bloomberg.com/news/arti...tle-for-largest-lithium-deposit?sref=rfb3qa2N

 

[LimitedEdition63]

I would love to know what is going on behind the scenes as well . But I think Zinjin/Hayou/China would LOVE to know even more so what Nigel & the lawyers plans are .... which is why there is silence . Speaking of silence , out of all the interested/competing parties I don't think we have heard 1 word from Mr Pei/CATH ? I would have thought a major supportive partner (non govt) would have come out with some sort of statement in support of AVZ & Nigel by now . I will bet my last dollar that they are intrinsically involved in this mess unfortunately . I would love either the USA with all the dollars they want to spend internationally on strategic minerals , or the Europeans to come on board so Nigel can tell Mr Pei his dollars aren't required & we will be taking this project forward with a more preferred partner . As far as I'm concerned the deal with Mr Pei shouldn't proceed until it is set in stone that we will end up with no less than 51% at the completion of all transactions .

Im of a similar opinion. CATH dropped any conditions several months ago. I think they knew what was up and dropped all conditions so the transaction would proceed and they get their 24%. We all wondered why they didnt give us the cheque at the time. Looking back, CATH wanted to I think. But AVZ in fact are possibly the ones slowing things down for the time being. If thats the case, AVZ were aware enough of the situation not to take the deal (yet) and CATH may have had ulterior motives. China is China first and foremost.

I think Nige is the one holding off and rightly so. Because regardless of what scenario plays out we get to hold a minimum of 51%, something Z have factored in. And we as shareholders just need to buy into the loss of revenue from CATH (plus the $20M forfeiture).. So there are options regardless of how this plays out. Strong shareholders will mean a strong AVZ outcome regardless.

 

[TDITD]

If anyone needs cheering up this morning, get a load of DRCs rising stand up comedian......

oh the irony, irony, irony

 

[Samus]

Very suspicious

 

[LX600]

More of the same, Michael Kavanagh should know better. One sided, no mention of IGF.

https://www.bloomberg.com/news/arti...tle-for-largest-lithium-deposit?sref=rfb3qa2N

I think the bloomberg one is much better than the AFR one.

 

[Samus]

I think the bloomberg one is much better than the AFR one.

I bet you do