AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
Winenut
Go AVZ!
Goddam gravity!............it seems the offer disappeared in a black hole
You must of known about the DRC Wombie, were you not at HC back in the day when we were all desperately hoping FT would win the election against Kabila , so as to ease our minds that corruption would be quelled and have more confidence regards to our investment with AVZ ?
Well...
Samus
Top 20
How mistrust is fuelling tension between Kenya and DR Congo
Mudavadi’s recent visit to Kinshasa coincided with heightened tensions between the countries, a sharp departure from years of growing economic and military coop...
Zijin , so much is know about their conduct to workers yet nothing is ever done , ask around china town in sydney, workers treated the same , fucken Chinese maggots
Cumquat Cap
Regular
Anyone with the time and means jump onto X and spam Zijin evil deeds, going hard as possible after Zijin with new govt expected in next week or so (joke I know). Dominic has dug up some great evidence so just reshare his shit. Fuck Zijin
Cumquat Cap
Regular
Also looks like Vital was elected President of the assembly, a good step for avz purportedly
Frank
Top 20
Vital Kamerhe succeeds Christophe Mboso
Unsurprisingly, Vital Kamerhe was appointed head of the final office of the National Assembly, this Wednesday, May 22, 2024.
Out of a total of 413 national deputies who took part in the votes for the election of the final office of the National Assembly, nearly 371 gave their votes to Vital Kamerhe,
The leader of the Union for the Congolese Nation (UNC) was the sole candidate for the post of president of the Lower House of Parliament.
mediacongo
Hi Dave keep it up , I love every post and if it gets under their skin great , I have no idea how they sleep at night trying to rip off other ozzies just goes to show , but if they are willing to offer to buy shares means this game is far from over as they know we will win in the end , lets keep them out of the game .
Remark
Top 20
Shane's getting desperate now. These posters caused the DRC to side with Zijin
What a dim-witted piece of shit.
https://x.com/emil_jens/status/1793247738748154274
This maybe true , but I was unaware the Congo is the deepest river in the world. Did you know that the Okapi is only found in the DRC?
EarleofBarrow
Member
Thank goodness Nut,its not just me.I relied to their email by telling them to fuck off and the very next day all traces of Mitchell's emails and my reply miraculously gone!
I thought I was going mad,which after the last 7 years would be completely acceptable
Xerof
Biding my Time 1971
I'd say his "Kinshasa contact" is either Cong, Celistin or Lissette.View attachment 63528
Shane's getting desperate now. These posters caused the DRC to side with Zijin
What a dim-witted piece of shit.
https://x.com/emil_jens/status/1793247738748154274
Frank
Top 20
Fortescue excluded from world’s biggest hydropower plant development
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer.
Natural Oilfield Services Ltd. signed a preliminary deal with Congo on May 9 to build a smaller version of Fortescue Ltd.’s proposed Grand Inga project, which would have generated around 40 gigawatts of hydropower.
The Lagos-based company has agreed to undertake feasibility studies for a 7-gigawatt facility on the Congo River, according to a statement from the presidential agency overseeing Inga’s development.
The revised proposal – concluded at a ceremony in the capital, Kinshasa – includes the construction of an aluminum foundry and a refinery capable of processing 4 million tons and 8 million tons each year, respectively.
Natural Oilfield’s Indian owners have been accused by the authorities in New Delhi of absconding after defrauding public banks of about $1.7 billion.
The company and a lawyer representing its founders didn’t respond to requests for comment.
If built to full capacity, Grand Inga would supplant the Three Gorges Dam as the world’s biggest source of hydropower.
It’s long faced headwinds because of Congo’s history of corruption and the expected cost of the multiphase project – with some estimates topping $80 billion.
There are already two dams at the Inga site with about 1.8 gigawatts of installed capacity that were built more than 40 years ago.
Most of that electricity is transmitted 1,000 miles across the country to power Congo’s copper and cobalt mines, which are run by the likes of CMOC Ltd., China Railway Group Ltd. and Glencore Plc.
Fortescue itself replaced a consortium of Spanish and Chinese companies, which failed to develop a $14 billion, 11-gigawatt version of the project known as Inga III.
Fortescue will no longer participate in the revised Inga plan, Congo’s presidency told Bloomberg.
“We have not been notified of any change to the deed of agreement we have in place with the DRC government, or about any other agreements that have been signed with other parties,” a spokesperson for Forrest’s firm said in an emailed response to questions on Thursday.
“Fortescue remains open to continuing discussions about our future in the DRC.”
The Australian company planned to develop a green hydrogen project using Inga’s power.
The webpage for the project is no longer operational.
Natural Oilfield is a subsidiary of Sterling Oil Exploration & Production Co., which pumps more crude in Nigeria than any company other than multinational giants like Shell Plc, Exxon Mobil Corp. and Chevron Corp.
Sterling currently produces about 70,000 barrels per day, while Natural Oilfield this month commissioned a new oil block in the West African country, where it’s targeting an additional 40,000 barrels a day.
India’s top investigating agency charged Sterling’s founders – Nitin and Chetan Sandesara – in late 2019.
The Central Bureau of Investigation has told the country’s Supreme Court that the brothers conducted a “well-calculated economic fraud” that left their Mumbai-headquartered conglomerate owing more than 140 billion rupees ($1.7 billion) to public lenders.
In a complaint, India’s Enforcement Directorate – another federal investigative agency – alleged that 60% of about $900 million raised between 2004 and 2013 for the Sandesaras’ Indian companies “was diverted and ultimately laundered” before being “taken to Nigeria to fund their oil business.”
The brothers were declared fugitives by an Indian court almost four years ago.
mining.com
So let me get this straight,
They ( DRC / Felix ) would rather go with a couple of Dodgy fuckin' fugitives from Delhi / Nigeria
Than our Billionaire brother from another Mother Twiggy of the Forest from Downunder
Well Fuck me Drunk DRC- Why am i not surprised
PutUsernameHere
Regular
My thoughts are the opposite, they're targeting shareholders with a larger number of shares (500,000+ ?) and only offering to pick them up on the cheap. They're looking to get in a bulk supply on the cheap and don't want to do so by dealing with thousands of mini-transactions. Imagine picking up $2M shares for $2k after shorting at $0.80 - $1.00 level. Or buying and then this gets back to $1+ps valuation on selling the asset or coming out of this shitshow with the DRC. Insane.
Purely targeting the potentially large holders who aren't paying attention and hoping for a panic sell. I would rather suck a dog's fart direct from the source than take an offer of $0.001. Rather it just went to zero
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