AVZ Discussion 2022

[Bin59]

If there was a timely resolution to this matter and the Cath deal was finalised, I think many would be in a more positive mind space and be looking forward to our other announcements (as we were prior to the Boatman report.).

 

[BEISHA]

Hey Beisha would you be so kind to point me in the right direction of where you started learning charting and approximately how long it took you to get to your abilities currently ?

Hi mate

Alot of folk ask me this, which is why i am going to set up a ROBIN HOOD TA EDUCATION thread @ TSE , it will encompass all the online videos i learnt via the master RAYNER TEO.

I had planned to do this with HC, but the ole multi nic, narcissist FLASHPOINT wouldnt allow it.........cried to the mods claiming it was " advertising "

The irony is.......he needs all the help he can get !!

It took me 3 years to master TA, but that included Elliott Wave which is fairy intricate and involves alot of heads down thumbs up.

You could master it it alot quicker if you just concentrated on SUPPORT & RESISTANCE, CANDLE STICKS, MOVING AVERAGES TREND LINES, RSI 14, BOLLIE BANDS, FIBONNACI.

I will tag you when i set it up.

Watch this space.

 

[Xerof]

I have nothing useful to add

The situation in the space of a few weeks has turned into an absolute shit show

Fuck the lot of them

I'll review my investment once we get an official announcement

And I can guarantee I will never again place any of my funds anywhere that even smells like sovereign risk...

Serious question for you mate, I see you own IXR. Thats Uganda isn't it? Do you have a good feel for the mining licence process over there? I don't hold, but it seems to be an AVZ equivalent. And does the register have any Chinese holders?

 

[Bray]

Especially if they are planning on dropping POSITIVE news ohreally.

5 years into the project and in the last 2 months we've seen more drama than we should have. Sovereign risk was always a thing, as was corruption in DRC. Project coming close to fruition has just brought out all the bullshit, wouldn't be surprised if it was chinese intent from the get go.

 

[Xerof]

Hey @Roller62 is there a digital copy of the DRC mining code anywhere? I can't seem to find it, so if you had a link, I'd appreciate it thanks

 

[Roller62]

So, will they leave the 'finalisation of ML and Exploration licenses' until last? i.e. would you think they will stay in suspension with a view to resolving the multiple other issues, beforehand?

I would think ML and 75% ownership needs to be confirmed. Then FID can happen with Cath forwarding the mula.

 

[Bray]

Hey @Roller62 is there a digital copy of the DRC mining code anywhere? I can't seem to find it, so if you had a link, I'd appreciate it thanks

DRC Mining Code (ENG version) - DRC Mining Code (ENG version) - ResourceData

Question 2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?, 1.2.5b: Do rules specify the royalty rate(s) applying...

www.resourcedata.org

EDIT: ABOVE IS THE 2002 VERSION

UPDATED: https://eiti.org/documents/mining-code-democratic-republic-congo

This is the one i've been using, you can highlight the text within the PDF to translate it.
Been unable to find a complete english version.

 

[CeckRaiseFold]

Serious question for you mate, I see you own IXR. Thats Uganda isn't it? Do you have a good feel for the mining licence process over there? I don't hold, but it seems to be an AVZ equivalent. And does the register have any Chinese holders?

I've been holding IXR for a while now and fundamentals are indeed comparable to AVZ. Largest rare earth deposit outside china and owners of a proprietary extraction process making this a vertically integrated mining/refining business opportunity. DFS expected in October and around same time application of mining licence. Pilot refining plant also in the works. End of year this can significantly re-rate - all IMO ofcourse. Uganda much better business climate, but, hey, 'Sovereign Risks' are, to a degree, everywhere, just ask the Oil and Gas companies in the UK who just have been slapped with a 5bln pound windfall tax.

 

[LzrTr8dr]

DRC Mining Code (ENG version) - DRC Mining Code (ENG version) - ResourceData

Question 2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?, 1.2.5b: Do rules specify the royalty rate(s) applying...

www.resourcedata.org

EDIT: ABOVE IS THE 2002 VERSION

UPDATED: https://eiti.org/documents/mining-code-democratic-republic-congo

This is the one i've been using, you can highlight the text within the PDF to translate it.
Been unable to find a complete english version.

English translation, although not perfect

 

[Bray]

English translation, although not perfect

Awesome thanks for that update;
just note that is the 2002 version which has since been updated

 

[BEISHA]

Especially if they are planning on dropping POSITIVE news ohreally.

5 years into the project and in the last 2 months we've seen more drama than we should have. Sovereign risk was always a thing, as was corruption in DRC. Project coming close to fruition has just brought out all the bullshit, wouldn't be surprised if it was chinese intent from the get go.

We all knew the sovereign risks when we decided to invest with AVZ, but i am pretty sure we didnt expect what has transpired with Zijin and some corrupt DRC officials..................this is NEXT LEVEL sovereign risk IMO

If we knew that was in the back drop, then i for one wouldnt have treated AVZ as an investment, i would have treated it like LTR.....just a trade opportunity.

DRC / AVZ need to release a JOINT statement clearing the air.............its an embarrassment for both parties.

imo

 

[Winenut]

Serious question for you mate, I see you own IXR. Thats Uganda isn't it? Do you have a good feel for the mining licence process over there? I don't hold, but it seems to be an AVZ equivalent. And does the register have any Chinese holders?

Hey X

Yeah IXR is Uganda

It has many similarities to AVZ - huge resource (REE's), easy mining, possibilities to develop and benefit the local community, product in demand, part of the green energy transition....all make you feel fluffy and good while you make money

I used to have a good feeling for mining license processes but after all this shit I'm no longer confident of anything

Is Uganda better/worse/same as DRC?

Is the level of corruption enough to get you fucked over like AVZ potentially could be.....don't know

Am I questioning my investment there now....you betchya

I do believe IXR are specifically presenting themselves as a source of REE's to the WEST and outside of China itself and also outside of China's sphere. So maybe that's a plus

No major chinese corporate involvement that I'm aware of

Here's the top 20 from Sept 2021

 

[Rediah]

There's just too much there mate...almost everyday for the last couple of months another new negative development that alludes to being treated like a mushroom investor(kept in the dark and fed bullshit, well fed the positive only as a planet of negative amasses in the background)

In saying everything I've said, I still believe everything Nige has said, I still have faith in Nige and AVZ, but I just don't have faith in the DRC itself, or the DRC legal system or any single department to set this right and then keep it 'right' for that matter, it's clear there's many in positions of power who are totally and utterly corrupt, then add a whole heap of ignorance and what seems to be unjustified national pride/ego in those departments as well.....Can we come out all good, sure, but what's the chances of that happening? 15-36%???

Totally understand.
I have spent 6 months in an underdeveloped country (wont name it) similar to DRC, the corruption is so bad that the law enforcement personnel will appease both perpetrators and the victims by taking , lack of better word, snacks, and will keep dragging the matter as long as they can as they know while both parties are engaged in a battle, they will get benefited from the whole situation. Similarly I have seen they may sell the same property to multiple buyers and let them fight over it in court battles and whoever can then bribe the judges and make more noise will take the goods home without recovering the payments made to the seller as very hard to find the those individuals.
But I never thought I have to witness this myself with so much at stake of my own, hence I have mentally prepared and sit and watch even if it takes 2-3 years for me just to recover my initial investment.

 

[Samus]

Totally understand.
I have spent 6 months in an underdeveloped country (wont name it) similar to DRC, the corruption is so bad that the law enforcement personnel will appease both perpetrators and the victims by taking , lack of better word, snacks, and will keep dragging the matter as long as they can as they know while both parties are engaged in a battle, they will get benefited from the whole situation. Similarly I have seen they may sell the same property to multiple buyers and let them fight over it in court battles and whoever can then bribe the judges and make more noise will take the goods home without recovering the payments made to the seller as very hard to find the those individuals.
But I never thought I have to witness this myself with so much at stake of my own, hence I have mentally prepared and sit and watch even if it takes 2-3 years for me just to recover my initial investment.

That's next level depressing @Rediah shame on you!

 

[Rediah]

That's next level depressing @Rediah shame on you!

I told you guys, i always think the worse, i have lowered my expectations, i poured all my savings in AVZ and here i am, I cant do anything and will hope for the best

 

[Xerof]

Totally understand.
I have spent 6 months in an underdeveloped country (wont name it) similar to DRC, the corruption is so bad that the law enforcement personnel will appease both perpetrators and the victims by taking , lack of better word, snacks, and will keep dragging the matter as long as they can as they know while both parties are engaged in a battle, they will get benefited from the whole situation. Similarly I have seen they may sell the same property to multiple buyers and let them fight over it in court battles and whoever can then bribe the judges and make more noise will take the goods home without recovering the payments made to the seller as very hard to find the those individuals.
But I never thought I have to witness this myself with so much at stake of my own, hence I have mentally prepared and sit and watch even if it takes 2-3 years for me just to recover my initial investment.

Does it start with C and end with oon?

 

[wombat74]

We all knew the sovereign risks when we decided to invest with AVZ, but i am pretty sure we didnt expect what has transpired with Zijin and some corrupt DRC officials..................this is NEXT LEVEL sovereign risk IMO

If we knew that was in the back drop, then i for one wouldnt have treated AVZ as an investment, i would have treated it like LTR.....just a trade opportunity.

DRC / AVZ need to release a JOINT statement clearing the air.............its an embarrassment for both parties.

imo

Totally understand.
I have spent 6 months in an underdeveloped country (wont name it) similar to DRC, the corruption is so bad that the law enforcement personnel will appease both perpetrators and the victims by taking , lack of better word, snacks, and will keep dragging the matter as long as they can as they know while both parties are engaged in a battle, they will get benefited from the whole situation. Similarly I have seen they may sell the same property to multiple buyers and let them fight over it in court battles and whoever can then bribe the judges and make more noise will take the goods home without recovering the payments made to the seller as very hard to find the those individuals.
But I never thought I have to witness this myself with so much at stake of my own, hence I have mentally prepared and sit and watch even if it takes 2-3 years for me just to recover my initial investment.

" I have mentally prepared and sit and watch even if it takes 2-3 years for me just to recover my initial investment."

LOL . You are kidding . You'll be one of the few holding on . Share price will be 5 cents .........Personally I'm saving all
this doom and gloom until we find out more tomorrow . Hopefully a Video interview from Nigel as well . I remain
optimistic for the moment .

 

[Rediah]

Does it start with C and end with oon?

Nah , i wont name it
So I totally agree with @ohreally , some sort of news, real meaningful news, especially from AVZ has to come out and would be more credible if it has a stamp of DRC on it, it will help the investors, and then I dont even mind waiting more. But this silence will keep feeding the trolls and Zijin's narrative.

 

[Roller62]

Hey @Roller62 is there a digital copy of the DRC mining code anywhere? I can't seem to find it, so if you had a link, I'd appreciate it thanks

 

[Retrobyte]

like Bali etc, where the cops will issue you a fine but also give you the option to pay a bribe at a slight discount to the fine

That's Africa in a nutshell

Not just Bali - I lived in Jakarta for two years and every policeman aspired to be a traffic cop because of the .... snacks