AVZ Discussion 2022
- Thread starter GazDix
- Start date
Doc,
Absolutely not. I don't want the Chinese anywhere near Dathcom and they need to be pushed out well away from us.
If they are next door due to a split it will be diabolical, and they will continue to frustrate the good work that Dathcom does.
Dathcom have done the work and spent the money. I don't see the need to give up one inch of the original tenement.
I cannot afford for Dathcom/AVZ to fall over, however I am not going to move on this.
As one wise man once said "Drill baby Drill"
I am definitely not happy about waiting for outcomes, but I will.
SilentOne.
dollarbills
Regular
Realistically who but the Chinese would buy this from AVZ at this stage now if it were to go to sale? If not Zijin it will most likely be another Chinese firm..
AVZ going to mining alone is a pipe dream right now. A negotiated sale is our only way out of this mess right now if we don't go the full ICSID route..
As much as they have ass fucked us i bet most people would be happy to accept a $1 share price even if it came from Zijin..
Samus
Top 20
I reckon you're about right, who else is going to want it after what we've witnessed anyway?
Zijin/CATL scumbag alliance needs to buy it in return for making all the legal problems go away.
Can we squeeze a couple of billion USD out of those cockroaches? who knows.
Maybe with pressure from the DRC government who'll be footing the damages bill over the next decade if things continue as they are.
That's the way I see it anyway, this fucking MoU bullshit doesn't excite me at all.
Mute22
Regular
The MoU is a red herring, any words are a waste of time.
We have supposably binding words known as the DRC mining code and statutory laws which should mean something to us, but apparently don't apply because we didn't 'donate' $70m USD to the right people.
The only thing that matters is real actions in the real world of which we have seen nothing.
Dollarbills,
The Chinese from what I have seen have a tendency to settle before any major ruling occurs - they don't like adverse findings recorded against them.
The Chinese withdrew their tarrifs against Australia slowly on the premise that Australia would suspend/cancel their complaint with the WTO. Personally, I would have pursued it for a ruling.
I would be surprised if this goes the full hog with the ICSID and if it does then there's a very flash looking Bank Vault in New York that apparently holds bullion on behalf on the DRC.
SilentOne - do you own research
TheCount
Regular
The president of the country has said they only deal with Chinese and Russians, so we have to rely on ICC and ICSID for what we call justice.
The president is the problem - always has and always will be. He promotes corruption, even fosters it.
Not one single attack on anyone related to the DRC side has stuck. We've got Government officials pissing off to France for "emergency medical treatment" and never checking in to the hospital! Cominiere is laughing all the way to the bank as he buddies up to his Chinese mates. The newly elected officials have not started looking at the problem caused by their predecessors, and we have no confidence they ever will! $30M and then $70M goes missing and no one is looking for it? World Bank pats them on the head, says to "try harder" to which platitudes are offered and they go back to their corrupt ways..
The level of proof of corruption is irrefutable and yet it continues to flourish. How can the Country ignore its own laws? Easy, it just does..
This is way beyond a joke now and the DRC needs to be taught a lesson.....
Samus
Top 20
I don't disagree with this, but as a shareholder with my capital tied up I'd rather extract some money out of this and move on than be the righteous one to teach these scumbags a lesson over the next however many years.
If it goes the route of full ICSID then fine and I'm sure we will eventually extract some value but trying to squeeze blood out of a stone for the next decade isn't going to be fun.
Yes look at our MoU for the hydro plant which is now well and truly gone. Not worth the paper it's written on.
Going to need well over ATH (DRC tax ) if every shareholder is to at least break even . Not sure if that poses a problem for Nigel ?
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Images of Piana–Mwanga Hydroelectric Power Station.
2018
6 Weeks ago
The image below is a composite of 2018 and 2024. This is because the photos are updated periodically as the satellites pass over. So you end up with strips of land that have current photos, stitched to adjacent older photos.
Pretty clear there have been considerable earthworks upstream of the power station.
Mate at this point I would take 50c in a heartbeat. Money in the bank and put this rotten experience in the rear view mirror.
I'm sure everyone would rather move on with their lives, I'm not for waiting 5 plus years of "negotiations" They aren't capable, corruption is in there blood.
First cab off the rank is finance . Would there be an another AGM if Nigel fails to get the $$$$$ ? AVZ have already had favourable findings by both the ICC and ICSID . It's not the BoD fault the DRC chooses to ignore them . Not the BoD fault either that the DRC/cominiere wont pay their fines . If you get my drift ?
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Uglybob
Regular
It's been slowing coming for the past year(s). Still approaching, but no implosion yet...
https://www.abc.net.au/news/2024-07...oblivion-property-market-trade-trap/104128504
https://www.abc.net.au/news/2024-07...oblivion-property-market-trade-trap/104128504
Some thoughts, based on my reading/understanding mainly from this thread
. Please pull me up where I’m wrong, thanks.Supposedly Zijin has now had control of the Manono asset since 2022, yet have made next to no progress in developing the mine or associated infrastructure. Some signage and a shonky attempt at a piddling dam, but no substantial mining activity, road works etc
So, what is holding things up? If they were serious and sure of their position surely they would moved ahead.
1. Legal challenges over their tenure of the Manono asset/s and protracted international legal proceedings – not a conducive investment environment for a major funding commitment.
2. Even for a western mining company the funding requirement to develop Manono and associated infrastructure is absolutely massive – way beyond the capacity of DRC and Zijin. Maybe even Zijin would need to find a cashed up Chinese/western partner?
3. The economics to open a new spod mine at this time is very marginal – international price of lithium has been going down for several years due to the decreased sales/demand, lower/slower EV sales etc Commercial viability atm may not support start up? In Australia spod mines have been mothballed.
4. The Chinese economy has been in dire straights since Covid (housing crash, high unemployment, shortage of private and public funds etc) and they are finding it increasingly difficult to assemble/release funds for major capital investments domestically/foreign. Many projects in China have been mothballed (I'm here and I can see them).
5. Furthermore, the Chinese Government and SOEs are increasingly disinclined to fund major foreign capital investments (under their Belt & Road strategy) – they have been burnt by several poor Asian, African S. American countries (similar to DRC) that have been defaulting on their loan repayments.
Overall the Chinese investment environment is very negative atm.
This all leads me to think that Nigel has some wriggle room now to push even harder and score some points against Zijin with Félix/Prime Minister. Félix must be getting nervous and unhappy holding the can for these thankless Chinese thieves.
Nigel should aggressively raise the following:
A. The Chinese have done nothing for 2 ½ years (no drilling, testing, planning etc), wasting everyones’ time, and must now show their cards and put-up (show the colour of their money) or fuck-off, but not sit on the can.
B. If action is taken to return the ownership to AVZ Nigel can undertake to put all legal proceedings on hold and to progress AVZs investment/mining plans asap.
C If it drags out too long Félix may get caught holding the baby (not just the can) when the music eventually stops. Slowly, bit by bit the arrangements will crumble as key DRC people get taken to court or f/o overseas.
That US$70Mil that Zijin paid to obtain Manono is a side show for AVZ and is really only a concern to the DRC/Zijin – I suspect that the DRC would be just as happy to take the Zijin money and fuck them around also lol.
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