AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hopefully a certain poster on the Crapper is next .
Well the way I see it if AVZ has any support from the UK and I am sure they are well aware of it the first words out of the the minister of foreign trades and any attending bussiness people from the UK starts with AVZ , lets talk about that , win - win split they are a laughing stock .DRC-UK Economic Forum: Jean-Lucien Bussa praises the potential of the DRC
The Democratic Republic of Congo is home to the DRC-UK Economic Forum.
Activities which began this Wednesday, April 10, 2024 in Kinshasa and which will end on the 12th of this month of April.
This UK DRC business forum on trade and investments, the very first, is a business opportunity for investors from these two large countries with enormous economic potential.
Speaking during this opening ceremony, the Minister of Foreign Trade focused his speech on two axes, namely: the description of economic and commercial relations between the two countries and also an overview of the economic potential which constitutes opportunities for business for investors.
The British mission aims to strengthen economic relations and create partnerships between leading multi-sector British companies and the public and private sectors of the DRC.
"According to the information in our possession, the British delegation led by Lord Dolar Popat is made up of 26 companies active in numerous high-growth sectors, including telecommunications, financial services, mining, agriculture and infrastructure, information technology as well as in the platforms of production zones", indicated Jean-Lucien Bussa before continuing: "...the British Minister had expressed the wish to strengthen economic ties between our two countries, with the objective of promotion of economic growth, job creation and promotion of sustainable development, both in the DRC and in the United Kingdom (…) the volume of trade between our two countries is estimated at just under 100 million US dollars , which is not huge and implies the need to further explore the possibilities of developing stronger business relationships”.
Note that the mission of this cooperation is to encourage an increase in the volume of investments between Great Britain and the DRC.
"… our wish is to take this opportunity to inform you that the list of potential sectors which may be of interest to Great Britain is far from being exhaustive and may mainly revolve around the following areas: Agriculture and agro-industrial; timber, road infrastructure, Construction; Energy; Financial services; social sectors; fishing; digital transformation; energy transition and mines”, underlined the Congolese Minister of Foreign Trade.
According to Jean-Lucien Bussa, the DRC is an organized country with stable institutions and asserted and recognized leadership which offers a secure business environment.
“The Democratic Republic of Congo also has young, well-trained and available human resources (…) the Democratic Republic of Congo is open to real economic and commercial cooperation in a win-win spirit.
Indeed, all the riches of Congolese soil and subsoil which will be presented to you.
All in all, the DRC remains fully prepared to receive more from British investors who are ready to settle there in the sector of their choice.
For two days, the British delegation will be in contact with this opportunity that is the DRC and will be reassured of the DRC's willingness to welcome British direct investments to develop this economic and commercial cooperation between the DRC and the countries of the United Kingdom.
The Minister of Foreign Trade gave the general orientations of this forum which fits with the objectives of this new five-year term and which concretizes the wishes of the British Government to strengthen economic and commercial ties with the DRC.
He also presented the economic potential of the country which requires significant capital for their development.
Jean-Lucien Bussa launched a solemn invitation to British investors to settle in the land of Lumumba, land of opportunities.
mediacongo
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Scoota30
Regular
Nah, they still can't find JFMK's journal so they tried a heap of different passwords and have now been locked out and the portal is in safe mode.
If anyone wants to read it in English:If everyone could post the French version to every single 7sur7 twitter post past and present to get the message around that would be of great benefit to discredit the blatant bullshit being spread by these dogs
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To Mr. the Editor-in-Chief of the Website 7su7.cd, N°644/15, Avenue Bakongo. Massamba Building, Commune of Gombe, Kinshasa, Democratic Republic of Congo
Mr Editor-in-Chief,
Subject: Article by Mr. Christian Kakule from February 7, 2024
I am writing this in my capacity as advisor to AVZ Minerals Ltd and its Managing Director, Mr Nigel Ferguson.
My clients consider themselves seriously aggrieved by the publication on February 7, 2024 of a column by Mr. Christian Kakule entitled: "Subscription report and seizure of shares: No salvation for AVZ through arbitration", an article downloadable from from the URL www.7/7.cd.
This op-ed contains a number of damaging and highly defamatory imputations against AVZ and Mr. Ferguson. The seriousness and effect of these imputations cannot be underestimated.
The article incorrectly states, among other things, that AVZ is "the main provocateur of the unrest (which caused the paralysis of the Manono lithium-tin mining project), that it is showing signs of exhaustion and that she is on the verge of bankruptcy, paying a heavy price for her illegal and fraudulent acts in Congo.”
Despite the blatant nature of these claims, the article does not explain how AVZ is the "primary provocateur" or, more importantly, what "fraudulent acts" she allegedly committed in Congo.
Since its entry into the capital of the joint venture DATHCOM Mining SA in January 2017, AVZ finance
only the lithium-tin project and diligently keeps the public informed of the progress of the campaign
drilling at Manono, which revealed the existence of a world-class lithium deposit.
Deposit which was then evaluated and certified. Following this, a feasibility study approved by the
Congolese regulatory authorities was carried out and DATHCOM and AVZ were rewarded for their
efforts by the Minister of Mines by granting an operating permit in May 2022.
Under no circumstances do any of these actions constitute illegal and fraudulent acts.
The article also falsely claims that AVZ declared victory too soon after the interim order
ICSID demanded that the Congolese government re-establish DATHCOM Mining as holder of the
research permit 13359. Given the provisional nature of the orders, AVZ has taken care to issue a neutral press release reflecting the ICSID provisional measures in their entirety. At no point did AVZ's announcement take a triumphalist tone or speculate on the final outcome. of the arbitration procedure.
The article in question does not specify that AVZ, as a listed company, has a duty to inform its shareholders via the Australian Securities Exchange (ASX) of all major developments in the arbitration proceedings. This omission leads readers of your publication to believe that AVZ is publishing misleading and self-serving information in the marketplace, in violation of its legal obligations. Such a suggestion is not only false, but falsely asserts that the directors of AVZ are not discharging their legal duties as directors of a listed company.
The column also claims that on January 31, 2024, AVZ “hid revealing revealing details” about the dire state of its financial situation. Specifically, it states that "as of December 31, 2023, AVZ's cash position stood at just A$6.4 million (approximately US$4.2 million)" and that to "reinvigorate investor confidence and strengthen its position in arbitrations and negotiations", the company disclosed new evaluations of the mineral reserves of the Manono site, which constitutes "a fraud against the Congolese government and the public company Cominière".
AVZ publishes consolidated annual accounts which are audited. These published accounts disclose the precise statement of the Company's current financial position, the most recent of which was published in the Annual Report dated 30 June 2023 (available at www.avzminerals.com.au). These accounts give an overall and comprehensive assessment of AVZ's financial position (not just its cash reserves) and reveal that the company's net assets stand at $51,896,824.00.
The allegations that Mr. Ferguson is the "architect" of AVZ's fraudulent acts of "knowingly concealing the amount of resources from shareholders and the public, with a flagrant lack of transparency in the disclosure of information, seriously transgressing the joint venture agreement" are serious. Claims that should never be published without clear and unequivocal evidence. It should be noted that the disclosure of new evaluations of mineral reserves on the Manono site is part of the normal framework of AVZ's activities, given that drilling continued (despite obtaining the operating permit). The information thus collected was processed to generate the data which was recently published. The publication of AVZ data is based on strict compliance with procedures.
According to a decision of the High Court of Australia in the authoritative case of Dow Jones & Co Inc v Gutnick [2002] HCA 56A, editors of websites can be prosecuted in Australia, regardless of their jurisdiction abroad. The effect of this decision allows my clients to pursue legal action on Australian soil against any media outlet which publishes false and defamatory material concerning them which was published on the internet in the DRC. Justice Callian said at paragraph 186 of the Dow Jones judgment: "If people wish to do business, or even travel, live or use the
infrastructure of different countries, they can hardly expect to be excused from complying with the laws of those countries.”
Any decision of an Australian court can be legally enforced in the DRC.
Given the serious and unfounded allegations raised against them, my clients demand the publication of a retraction and an apology, the terms of which they must approve.
Salutations,
Jonelle Di Lena
Law One (WA) Pty Ltd t/as Di Lena Defamation & Litigation | ABN 30633116971 | Level 1, 21 Howard Street
PERTH WA 6000 | (08) 6383 6006 | jonelle@law-one.com.au
Normally when 7sur7 writes this type of crap, they know they are losing and can't come up with anything factual.
Soooo AVZ must have scored another goal.
Just watched an interview with Kazadi (finance minister) from yesterday, and to be honest the DRC is very heavy reliant on the IMF and the Worldbank this year.
Without them the DRC has difficulties paying its Public Servants, which is a great way if you want to hang on to your Government and not have a revolt on your hands.
Something for El Presidente to consider...
Azzler
Top 20
I see a similar outlook.
If this is the best shit they can come up with (as in easily disproven lies) to try to steal the worlds #1 Lithium and Tin mine...
Then they got fucking NOTHING else.
And that gives me a wicked grin...
I was speculating on another channel that the rantings from Alain of Cominiere the other night on X might have been him lashing out after being informed of a defeat. A pouty attempt at saving face, the lies he spouted about AVZ and the west were so over the top I sensed emotion behind them. Just a guess of course.
He got jumped on by so many people, who behaved as gentlemen I might add, and he got absolutely zero engagement from any of his/their sympathisers/evil cunts.
AVZ are on a legal roll, with many more legal wins expected.
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Carlos Danger
Top 20
How can AVZ's shares in Dathcom be frozen if the Dathcom JVA has been terminated?
Cumquat Cap
Regular
Great point and I posed the same question to our desperate shorters at hot crapper, hope you don’t mind
Cumquat Cap
Regular
The short crew are out in force, appearing to try and distract our management ? Seems pretty fucking weak argument
Ashlee
Regular
And LadiesThere may be a campaign on launched against AVZ by our detractors.
Heat and misinformation on X and HC after the 7sur7 article seem to be happening.
Get out there and push back gentlemen!
Azzler
Top 20
I consider you a gentleman too Ashlee.And Ladies
2.20am local time , ohh shit i'm still alive ,local vodka , I consider all of us Ladies and Gentlemen ,, ohhh shit another week down , I think an early morning BBQ breakfast tomorrow with few of the expats lads and ladies
Azzler
Top 20
Thailand?2.20am local time , ohh shit i'm still alive ,local vodka , I consider all of us Ladies and Gentlemen ,, ohhh shit another week down , I think an early morning BBQ breakfast tomorrow with few of the expats lads and ladies
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