AVZ Discussion 2022

[wombat74]

auto translate was working for me. no new information, its summarising the current situation with the uncertainty over ownership, that AVZ firmly believe they have ownership and that shareholders need to be patient and wait for the outcome via official channels to be announced via the asx.

Basically they are saying they don't know any more than your average punter . Suggested investors don't lose their minds speculating on the outcome and to keep our fingers crossed . They don't know shit in other words . There must be some very pissed off Germans . One minute their having a gourmet dinner with Nigel telling them AVZ's going to set the world on fire , the next their investment is in lock down and potentially worthless . Must be some serious German investors for Nigel to do a special tour and fine dine them . Even Nige had class of wine in his hand while presenting . It was a love fest and now it's a blood vest . (for the time being ).

 

[obe wan]

I see Deboss post of HC regarding Peter Huljich beimg part of the Amani board . Probably worth it if people contact the company asking for Peter Huljich to resign immediately from Amani or AVZ; if he refuses to do either then decision should be left with management with backing of shareholders to terminate Peters contract or if they feel that isn’t required then that’s fine ; but the comment of Amani performance rights suggests Peter may have become a bit greedy ; we certainly don’t want one directors greed hampering the process of AVZ progress in DRC and ultimately effecting shareholders investments

 

[wombat74]

I see Deboss post of HC regarding Peter Huljich beimg part of the Amani board . Probably worth it if people contact the company asking for Peter Huljich to resign immediately from Amani or AVZ; if he refuses to do either then decision should be left with management with backing of shareholders to terminate Peters contract or if they feel that isn’t required then that’s fine ; but the comment of Amani performance rights suggests Peter may have become a bit greedy ; we certainly don’t want one directors greed hampering the process of AVZ progress in DRC and ultimately effecting shareholders investments

Did I read the dude has 500Million performance rights with Amani ? WTF?? What the hell is this dude doing on the AVZ pay roll ?

 

[Rediah]

Hey

I just wrote down the Transkript of the video for better understanding, nothing new but a good call to not listen to the speculation all to much


"Being a shareholder of AVZ Minerals is currently a test of patience. External obstacles beyond the company's control have been delaying the implementation of the CATH deal for weeks. The deal provides for a transfer of ownership of the Manono project which, according to the original plan, should have been completed long ago. With the implementation of the deal, the further development of the mine is secured, but due to the external resistance, it cannot be moved forward quickly at the moment. We remember that only recently a legal dispute arose around the Manono project. AVZ Minerals is certain about the ownership rights and presents signed documents and agreements which do not prevent the other side from making other claims. This has recently put a lot of pressure on the share. What is important for the shareholders of AVZ is that CATH is not the braking force, on the contrary. Both contractual partners have a strong interest in implementing the contents of the agreement quickly and then to move forward quickly with the expansion of the mine and its infrastructure. For this reason, it was also possible for both contractual partners to extend the end date for the implementation of the transaction agreement once again by mutual agreement and to set it at 31 July 2022. this contractual adjustment was linked to the self-commitment to implement the transaction agreement as quickly as possible in order to jointly drive forward the further development of the Manono project. As mentioned, the ownership of the Manono project remains unresolved. AVZ Minerals itself has no reason to deviate from its legal position, but the other side has apparently not moved or not moved decisively. The dispute is therefore still ongoing. However, as it can be assumed that the unresolved question of the actual ownership structure will have a strong impact on the trading of the shares of AVZ Minerals, the company has applied to the Australian stock exchange to extend the voluntary suspension from trading once again.
The request is for trading to be suspended until 1 July 2022. However, a resumption of trading would be possible earlier if a decision on the mining and exploration rights for the Manono project can be made and announced to the market beforehand. Shareholders therefore have no choice but to be patient for probably another 4 weeks and wait to see what the results of the negotiations will be behind the scenes or what position the government will take on this issue.

This is not particularly pleasing, but investors have no other choice. Nevertheless, we are keeping our fingers crossed for all investors that the situation will be resolved as quickly as possible and in favour of the shareholders.
Unfortunately, that is all the information we have on the current situation.

It is important to emphasise that the nervous shareholders among you should not get involved in extreme speculation. Official statements can be found directly from avz minerals in english and in german at axinocapital.
And any information or thoughts outside these official sources are not necessarily correct. Speculation is sometimes appropriate and can help, but one should not lose one's head."

Thank you, mentally we are strong and patiently awaiting news directly from the AVZ itself,
but from time to time we have been teased especially recently @Cashcity throwing hints , so naturally when something like above comes and that too in foreign language we get even more excited, hahaha

 

[obe wan]

Did I read the dude has 500Million performance rights with Amani ? WTF?? What the hell is this dude doing on the AVZ pay roll . He needs to go ASAP.

Agreed, if he’s sitting there with 500m PRs on Amani ; he’s also on a Motsa with AVZ , he’s probably not keen on resigning from either ; but personally I think he needs to choose one or the other ; if he doesn’t , then he needs to be offloaded; there’s just too many angles the likes of Cong and co will pull ; we really do need to be squeaky clean . Peter isn't acting in the best interests of AVZ by remaining on both boards

 

[Samus]

Seems likely to be the owner of @PHuljich
Hasn't tweeted much of anything.
The account is followed by @avzminerals though.

https://twitter.com/PHuljich

Leave that there just in case anyone wants to go after him with a pitchfork.

 

[TheCount]

Seems likely to be the owner of @PHuljich
Hasn't tweeted much of anything.
The account is followed by @avzminerals though.

https://twitter.com/PHuljich

Leave that there just in case anyone wants to go after him with a pitchfork.

 

[BRICK]

DRC needs to dig deeper in mines for electric cars battery minerals

10pc of all vehicles sold globally in 2021 were electric, putting pressure on mineral-rich countries to supply copper, cobalt and lithium for batteries.

www.theeastafrican.co.ke

 

[Fletch77]

Excellent drill results from ESS this morning guys..

Another lithium stock to look at if you haven’t, already has 10MT and very undervalued. ( Have been holding since 17c)

To the newer posters here, yes I’m totally cross promoting for your benefit, but the guys that were here from early days decided we are all interested to hear about other exploration company’s worth researching.

There is a seperate thread we were using for giving tips on company’s worth looking at.

FYI I think BNR is worth a very close look, considering it’s 12km from the AKE processing plant. (not holding yet)

$11mill cash, $46mill MC, quite a few pegs with high grade rock chip samples (best I have seen after AVZ’s samples)

Even if those guys only come up with 5Mt, it’s worth a lot to their neighbours as a plan B

 

[DiscoDanNZ]

To Remind,

Goldman Sachs rattled lithium stocks after the investment bank declared the battery metals bull market “over for now”.

To Today, where,

BYD jumps ahead of Tesla in battery metal push​

China’s BYD Co. is once again the largest shipper of electric vehicles in the world’s top market after rivals including Tesla Inc. were disrupted by Shanghai’s lockdown.

The Warren Buffett-backed car producer is also working on plans to deliver a longer-term advantage over competitors, aiming to become more directly involved in the mining of lithium, the raw material that’s crucial for EV batteries.

In March, BYD agreed to invest up to 3 billion yuan ($449 million) in Chengxin Lithium Group Co., a supplier that has projects and interests in China’s Sichuan province and locations including Indonesia and Argentina.

A Chinese media report last week suggested the automaker is dramatically accelerating this strategy by striking a deal to buy six mines in Africa capable of producing enough lithium for more than 27 million EVs.

That could be sufficient to cover BYD’s lithium demand for the next 10 years, according to the report by The Paper, a Chinese digital newspaper.

BYD’s reported shopping spree in Africa indicates the carmaker expects “a prolonged lithium shortage”, according to a note from Daiwa Capital Markets.

Securing sufficient supplies of raw materials is likely to be “the biggest challenge for all automakers for most of this decade,” Seth Goldstein, a Chicago-based equity strategist at Morningstar Research Services, told me last week.

The best solution would be for carmakers to lock in more long-term agreements with the industry’s major producers like Albemarle Corp. and Ganfeng Lithium Co., which have the most ability to bring on new supply, Goldstein says.

“Investing in junior miners who have never produced lithium, or new technologies, is relatively more risky and could result in not being able to secure enough lithium,” he said.

www.mining.com/category/battery-metals/


View attachment 8669


View attachment 8671

View attachment 8670

Food for thought on the Road to Mining Manono

Frank

BuT GoLdMaNn SuCcHz SaYs ThAt LiThIuM iS OvErPrIcEd!?!

God that hurt my brain just typing it, sorry you guys have to read that.

"BYD’s reported shopping spree in Africa indicates the carmaker expects “a prolonged lithium shortage”, according to a note from Daiwa Capital Markets."

Good, I know of a company with lots of lithium in the ground...

 

[JAG]

I've been saying this since day 1!!! with a post from a paid down ramper to prove it.....

 

[Hemicuda]

How we looking cash?

 

[Kenno61]

I've been saying this since day 1!!! with a post from a paid down ramper to prove it.....
View attachment 8678

Gees JAG, who'd have thought?!

Mr Govinda faces 10 years in prison or a maximum fine of $765,000 for each charge he has pleaded guilty to.

However, if Mr Govinda had engaged in the activity after March 2019 he would have faced increased penalties of 15 years jail.

Mr Govinda’s hotcrapper account was suspended in 2016, in a move that platform members had questioned. In one thread titled “Fibonarchery”, hotcrapper member Verce asked why the account had been suspended, writing: “He was a quality poster with some good insights”.

Court documents indicate Mr Govinda was found to have illegally traded in Brumby Resources, BBX Minerals, AVZ Minerals, Zeus Resources, Stratum Metals, 3D Resources, Taruga Gold, ORH, Questus, Pacific Environment, Haranga Resources, Disruptive Investment, Cellnet, Rectifier Technologies, Quantum Energy, Bluechip, Sun Biomedical, Regalpoint Resources, Altura Mining and Alchemy Resources.

Never would have guessed this could happen. Not.

 

[Samus]

All well and good this hot crapper idiot gets done for market manipulation.

I'm wondering how Boatman capital can get away with doing the same thing on a grand scale?

 

[Kenno61]

All well and good this hot crapper idiot gets done for market manipulation.

I'm wondering how Boatman capital can get away with doing the same thing on a grand scale?

and Goldman Sachs ?!

 

[DiscoDanNZ]

How we looking cash?

He did say this week so yeah you are right it's Monday lunchtime which I guess is technically this week... WHERES THE NEWS

All well and good this hot crapper idiot gets done for market manipulation.

I'm wondering how Boatman capital can get away with doing the same thing on a grand scale?

and Goldman Sachs ?!

Poor guys clearly fucked up by using friends and family accounts instead of just doing it on an institutional scale. No wonder they went after him, one shitpost too far is probably what got him caught in the end.

 

[Kenno61]

He did say this week so yeah you are right it's Monday lunchtime which I guess is technically this week... WHERES THE NEWS




Poor guys clearly fucked up by using friends and family accounts instead of just doing it on an institutional scale. No wonder they went after him, one shitpost too far is probably what got him caught in the end.

Maybe, but The Australian reports ASIC may well be onto it :

ASIC warned in September 2021 that it was concerned about pump-and-dump activities around listed stocks, warning it was working closely with the Australian Securities Exchange to track potential market manipulation.

The Australian has revealed how ASIC monitored Telegram channels and Twitter groups as part of its efforts to monitor pump-and-dump activities.

ASIC was also alerted to manipulation of cryptocurrencies by University of Technology finance researcher Talis Putnins, who warned in a presentation to the regulator of clear market manipulation.

Good to know we're getting some value from our taxes.

 

[Hemicuda]

He did say this week so yeah you are right it's Monday lunchtime which I guess is technically this week... WHERES THE NEWS




Poor guys clearly fucked up by using friends and family accounts instead of just doing it on an institutional scale. No wonder they went after him, one shitpost too far is probably what got him caught in the end.

yup drinking away the time is becoming taxing

 

[Retrobyte]

In one thread titled “Fibonarchery”, hotcrapper member Verce asked why the account had been suspended, writing: “He was a quality poster with some good insights”.

No surprise there - Verce is suspected to be a paid influencer on the crapper.

 

[thegh0stwithin]

No mines without electricity

The mining sector, and mainly in Katanga, continues to face a deficit in electrical energy.

To remedy this, the Katanga region imports 110 Mega Watts from Zambia, which it makes available to the miners which is still insufficient.

However, the country now has a few electricity production projects carried out by private individuals, but we will have to wait a few more years before the mines are better supplied with electrical energy.

One of the projects in the energy sector in the Katanga region is that of the company Kipay Investment.

It wants to produce 110 megawatts and supply both mines and households. Construction work on a solar power plant in Fungurume and a hydroelectric dam on the Lufira River will start next year.

Three other projects in Lubudi

In the province of Lualaba, still in the Katanga region, mining is booming, and the demand for electrical energy is growing despite the construction of the 240 Megawatt Busanga hydroelectric dam.

To do this, the company Tembo Power is developing three other projects and plans to produce 115 megawatts, but mining companies still have to wait about 3 years, explains Bertrand Rochecouste, its director.

“We have three cascading hydropower projects.

There is the one called Kawa of 17 Megawatts, Dikolongo of 17.5 Megawatts and Kambunji of 31.5 Megawatts and they are accompanied by another project, that of a 50 megawatt photovoltaic power plant.

For now, we are waiting for the Congolese government to sign the transfer contract.

It is a project of more than 280 million US dollars. We hope to start work in September 2023.

It will take a total of 42 months for the 115 megawatts to be commissioned”.

Rehabilitate existing power plants

In the DRC, the mining sector is not the only demand for electrical energy.

Industry and even households also have low access to electricity.

This is the case in Kisangani in the province of Tshopo in the northeast of the country.

For a need of 40 megawatts, the Tshopo hydroelectric power station, which is over 60 years old, only produces around 2.5 megawatts due to a breakdown and the obsolescence of the equipment.

A support project to improve electricity supply is underway, explains Hamed Ben Haj, director of the Congo Energy company.

”It is a project of a power plant that produces solar energy.

We also have the rehabilitation of the Tshopo 1 hydroelectric power station.

We are currently setting up the distribution network to serve both trade and industry in the province of Tshopo”.

By 2030, the DRC aims to increase the level of access of the population to electricity – from less than 10% to 30%.


*No mention of Manono or Piana Mwanga, but still bodes well for AVZ moving forward imo,

To remind,
View attachment 8668

I read somewhere that AVZ had ownership of the plant, and had engaged a third party to restore it. The plan was to restore and operate the plant under a different entity, supply power to the mine and consider supplying surplus power to locals at Manono (again, winning with the locals hearts and minds putting us ahead of the competition).

Perhaps our ownership method rather than waiting for the third party to receive ownership, restore and supply us the hydro power is why it is not listed in the article.

It would be magical to me if we could supply surplus power to locals either at cost, or even for free for example to families of our workers. I do not know the cost involved but the team I hope would do what is right by the friends and families of those that will see Manono become what I hope to be a Congolese giant.