D
Deleted member 2428
Guest
HI all, I have been in contact with Con over the last hour or so, regarding latest speculatio. He has given me/ us some good positive legal responses, that he would like to share with LTHs …
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
Worse thing will be, you HAVE to bribe them to get out of the situation and then you will still have to pay fine that comes your way when you return the rental vehicle, and then there is no way to report it because you will be fined again for bribery, been there
Anyways no more negative talk, i will ONLY think good, good will come, positive energy is needed.
Thumbs up for effort mate .You can calm the farm their chief....thought the rolled eyes might give a clue as to my general feeling about it you know
But since you've got me going....
Yes I think I've got a few clues following this for about 5 years
I'm not aware Cantor Fitzgerald would know any more or any less of the truth than many of the informed LTH's on this forum
Have they got an open line to Nige?....fuck knows. Have to ask CF or Nige that one
Do I regurgitate the same shit over and over?....definitely not and if you'd followed my many, many, many posts and queries and responses on these forums you would have known that
Do I love playing with trolls?......fuck no. I like to smash their sorry fkn arses into the next fucken week
Now back to my point on CF which was more of a throw away but let's look at it closely and break it down
They were of the opinion - "We view the claims challenging ownership interests as a distraction and expect them to be resolved in the near-term with no negative impact to AVZ."
A distraction? It's now a massive circus dragging into question issues of systemic corruption, shady deals from govt departments, illegal activity by large Chinese govt backed corporates, dodgy documents, potential internal legal actions in the DRC, issues with tenements strangely being updated and changed and potential external arbitration all on a world stage with eyes now firmly fixed on Felix and what his reformist Govt might be doing to fix this huge fucken mess to try and prove the DRC is actually open for business and a safe and worthy destination for foreign investment .......not my definition of a "distraction"
Resolved in the near-term? Nearly two months into Trading Halt and suspension? I'd wager a good chance of a further extension to the suspension tomorrow. These matters appear to be nowhere near resolved(as far as anyone outside of Nige and Felix can tell) and could well play for a significant period longer before clear, unequivocal resolution is reached potentially through litigation and matters of law....not sure that will be "near-term"
No negative impact to AVZ - What a doozy that one is so far. From highs in the mid $1.30's to now mid 0.70's looks like massive destruction of shareholder and corporate wealth. Possibility of reduced ownership in the Manono project, potential for delays in project timelines while this crap is sorted out, will the CATH deal have to be broken to maintain the desired AVZ ownership % at a cost of $20M, bad blood in general if Zijin have any possible legitimate claim to a percentage of the project?? Where will the SP be when we finally open???No negative impact?? Don't think so
So yeah when I said looks like CF don't have any more of a clue than any of the other players (including us) I reckon I've actually got a good chance of being right
Of course if we get the absolute mother of all announcements tomorrow and all the issues are resolved and I see AVZ 66%, CATH 24% and DRC 10% well I'll take out a subscription in recognition of their financial and political wisdom and call my next born son Fitzy in their honour
Hi Beisha if you could tag me also it would be much appreciated, would love to get my head round this.
Sammy_da_Smile
Regular
That is absolutely ridiculous
CeckRaiseFold
Regular
Don't be an ass now, I wasn't born here but became a proud, working and law abiding Australian. You can disagree with politicians views but that comment is simply bigoted.
Azzler
Top 20
This is a forum for AVZ related information.
I don't know how that translates for you to be a forum for right wing nut job propaganda quoting murdoch bullshit rags.
So shove that phycho shit up your ass, along with your losing fogie dinosaur political party.
Sammy_da_Smile
Regular
My concern and what I found ridiculous from the article is scrapping the reviews and increasing the amount that mitigates FIRB.
Any investment from any country should be scrutinised.
Any investment from any country should be scrutinised.
Winenut
Go AVZ!
It's called democracy
I have no issue with who the politicians are or where they come from
What matters is their policies
And for the record I think prima facie this policy is completely whack
Frank
Top 20
There needs to be a
as part of the mix in the Like Tab imo, So in it's absence i'm going with this
CashKing
Regular
Y
Trust him to come out the night before…GRUB
I swear he was part of boatman years back… I’ve lost some brain cells since then but common…. That turd pic monster of manono and he’s mates same time…….hmmmmm They are up
To something…This
never forgets…
GLTAH
Trust him to come out the night before…GRUB
I swear he was part of boatman years back… I’ve lost some brain cells since then but common…. That turd pic monster of manono and he’s mates same time…….hmmmmm They are up
To something…This
never forgets… GLTAH
D
Deleted member 2428
Guest
Con has replicated his replies on Twitter now, if anybody wants to like and/ or support. Maybe help our cause
CashKing
Regular
Agreed but Cock Swami and he’s mates have an agenda mate…I think his post is a few days old, and it's just Svet brought it up today, but honestly how often do you see Swami say something positive about anything? it's rare as hens teeth, so to see him say something in support of AVZ I thought was was pretty decent of him. Also, Usually he's against all stocks that the crowds are in, so I was pretty proud of him for admitting that lol
but for me, bed is calling, I'm just putting out my milk and cookies for Saint Nic, not Klaus, if he comes down the chimney imma light the fire
GLTAH, cya in the morn ready for the next exciting 'imminent' extension to suspension and possibly extension to CATH cash...let's hope we get at least the slightest update on something, wouldnt put my money on it though
if we somehow resume trading, then get your wallet out you tight arses and support the SP...how else am I meant to retire
night ladies
I won’t forget all the BS he posted along with he’s team of gobblers years back against AVZ… Ohh it was around the same time the last Boatman BS came out if that helps….
They are up to something…
IMO
Hi all,
Don't really know what it's worth but a friend working in Kinshasa received this.
Some orgs from Civil Service seems to be defending AVZ and asking for the IGF ruling to followed by the gov.
But it is not even signed so don't really know the value but thought it interesting to post
Don't really know what it's worth but a friend working in Kinshasa received this.
Some orgs from Civil Service seems to be defending AVZ and asking for the IGF ruling to followed by the gov.
But it is not even signed so don't really know the value but thought it interesting to post
investinvest
Regular
When deciding who to trust when there are conflicting claims from two parties, first consider who has more to lose (i.e. legal consequences) from making a false statement: (i) a managing director making official company statements on official public stock exchange portals with easily traceable details, or (ii) untraceable anonymous social media and forum profile account holders that can be easily abandoned/deleted/removed from public view? Obviously the managing director has more accountability and will actually make sure that all company statements are true and legally-backed rather than anonymous internet profiles. The managing director has a major financial incentive to make sure that things are done correctly, whereas anonymous internet profiles with malicious agendas just want you to make the wrong financial decisions so that they take your profits away. For example, if you make the wrong financial decision based on the Boatman report, how can you even sue/get financial compensation if you cannot even find the person who wrote it? Whereas AVZ paid nearly $90,000 in liability insurance in 2021 to cover the company/personnel (2021 Annual Report).
When Li Tao@lithiumanalytic claimed to be showing a copy of the Dathcom shareholders agreement, the cover page (first page) showed an RCCM registration number of CD/KIN/RCCM/16-8-12284. Dathcom's real RCCM registration number is CD/LSH/RCCM/19-B-00935. This RCCM number is publicly available on the RCCM portal and is also quoted in CATH's announcement on 27/09/2021 https://stock.us/filing/view/cn/venm9k8v.
Summary: If the first page of a series of document is incorrect, it is difficult to believe that the rest of the documents are true. Don't simply believe anything you see/read from anonymous internet profiles.
Size of company does not make one immune to local country laws. Glencore (market cap US$88 billion) was recently fined US$1.1 billion for corruption https://www.justice.gov/opa/pr/glen...reign-bribery-and-market-manipulation-schemes. Zijin has a market cap of US$38 billion. The Chinese are not immune in the DRC. China Molybdenum (market cap US$14 billion) was removed as a mine operator a few months ago due to a number of unlawful acts https://www.nytimes.com/2022/02/28/world/congo-cobalt-mining-china.html.
Summary: When Jin Cheng/Zijin gets charged for unlawful acts in the DRC, punishment will follow.
Two months after the alleged sale between Cominiere and Jin Cheng/Zijin occurred in July 2021, CATH announced to its shareholders the deal with AVZ to purchase 24% of the Manono project on 27/09/2021. Within the document https://stock.us/filing/view/cn/venm9k8v (use "Print view" to view whole document), it stated (translated with Google Translate):"After the transaction is completed, AVZ will hold a 51% controlling interest in the Manono project, And to maintain its position as the main developer of the Manono project, Tianhua Times will hold a 24% interest in the Manono project."
And, under basic information about Dathcom:
"Major shareholders: AVZ International Pty Ltd holds 75% and La Congolaise D’Exploitation Miniere (Congo DRC government) holds 25%Dathcom had total assets of $38.4 million and net worth of $37.6 million as of June 30, 2021million (financial data provided by Dathcom Corporation)."
Summary: Even CATH did not acknowledge the presence of Zijin/Jin Cheng in Dathcom and did not recognise the alleged sale of 15% from Cominiere to Zijin/Jin Cheng. Even Zijin themselves did not recognise this purchase as on 3rd August 2021 Zijin announced that "To date, the Company has no lithium mineral resources or related business." https://hotcrapper.com.au/posts/61512656/single
Also, Cominiere used the excuse of an "urgent" need to raise cash in July 2021 to justify its sale of 15% of Manono to Zijin - even though its 25% shareholding of Dathcom equated to more than $9 million in assets as of 30 June 2021, just weeks prior to the sale. Flimsy excuse.
A recent allaged Cominiere meeting "classifying" the 5% that they gave to Dathomir as a "security loan" that should never have been on-sold by Dathomir to AVZ in 2019. Well guess what; an Extraordinary General Meeting of Dathcom was convened in 2019 to approve the sale. Cominiere was there as part of Dathcom, well aware of it, and approved the legal sale. This is Dathomir/Cominiere now wanting to retrospectively fudge past events to gain an unlawful advantage. AVZ purchased this share parcel legally.
AVZ is still in discussion with the DRC government for Cominiere's 15% interest in Dathcom (ASX announcement 4 May 2022). If the DRC government actually recognises the sale of 15% from Cominiere to Zijin/Jin Cheng, then the DRC won't have anything to "sell" to AVZ so why would they even still have discussions? This is because the DRC government does not formally recognise the sale of 15% to Zijin/Jin Cheng. And when the DRC wants to sell this 15% parcel to AVZ, they (the DRC, not AVZ) will be the one that takes it back from Zijin/Jin Cheng. So if Zijin/Jin Cheng wants any compensation, they will need to approach the DRC, not AVZ. They have no claim to make on AVZ. Same thing happened in AVZ's past: MMCS sued AVZ twice (in WA and in DRC) and both attempts were thrown out by the courts, so MMCS is now suing Cominiere (i.e. the entity that took away the asset from MMCS). AVZ is not the entity that will take away the 15% from Zijin/Jin Cheng, as it will be the DRC taking it away before on-selling it to AVZ.
AVZ was the only miner invited to join the DRC Battery Council in Nov 2021. No Zijin/Jin Cheng. Also, AVZ presented at the DRC-Africa Business Forum 2021 (ASX announcement 24 November 2021) and the presentation slide clearly displayed the ownership structure as 75% by AVZ and 25% by DRC government. This was presented in the forum in front of a global audience. And yet, no direct/public rebuttal from Zijin for nearly 6 months until just this month after the mining licence award was decreed and after Zijin quietly inserted a footnote in page 251 of their 2021 annual report (published in March 2022) about their alleged purchase from Cominiere.
My opinion: AVZ's position is much more secure than Zijin/Jin Cheng in this saga. Don't be fooled by the mud-slinging from the shorters and anonymous profiles with various agendas. Read official company announcements and think before deciding.
DYOR IMO
When Li Tao@lithiumanalytic claimed to be showing a copy of the Dathcom shareholders agreement, the cover page (first page) showed an RCCM registration number of CD/KIN/RCCM/16-8-12284. Dathcom's real RCCM registration number is CD/LSH/RCCM/19-B-00935. This RCCM number is publicly available on the RCCM portal and is also quoted in CATH's announcement on 27/09/2021 https://stock.us/filing/view/cn/venm9k8v.
Summary: If the first page of a series of document is incorrect, it is difficult to believe that the rest of the documents are true. Don't simply believe anything you see/read from anonymous internet profiles.
Size of company does not make one immune to local country laws. Glencore (market cap US$88 billion) was recently fined US$1.1 billion for corruption https://www.justice.gov/opa/pr/glen...reign-bribery-and-market-manipulation-schemes. Zijin has a market cap of US$38 billion. The Chinese are not immune in the DRC. China Molybdenum (market cap US$14 billion) was removed as a mine operator a few months ago due to a number of unlawful acts https://www.nytimes.com/2022/02/28/world/congo-cobalt-mining-china.html.
Summary: When Jin Cheng/Zijin gets charged for unlawful acts in the DRC, punishment will follow.
Two months after the alleged sale between Cominiere and Jin Cheng/Zijin occurred in July 2021, CATH announced to its shareholders the deal with AVZ to purchase 24% of the Manono project on 27/09/2021. Within the document https://stock.us/filing/view/cn/venm9k8v (use "Print view" to view whole document), it stated (translated with Google Translate):"After the transaction is completed, AVZ will hold a 51% controlling interest in the Manono project, And to maintain its position as the main developer of the Manono project, Tianhua Times will hold a 24% interest in the Manono project."
And, under basic information about Dathcom:
"Major shareholders: AVZ International Pty Ltd holds 75% and La Congolaise D’Exploitation Miniere (Congo DRC government) holds 25%Dathcom had total assets of $38.4 million and net worth of $37.6 million as of June 30, 2021million (financial data provided by Dathcom Corporation)."
Summary: Even CATH did not acknowledge the presence of Zijin/Jin Cheng in Dathcom and did not recognise the alleged sale of 15% from Cominiere to Zijin/Jin Cheng. Even Zijin themselves did not recognise this purchase as on 3rd August 2021 Zijin announced that "To date, the Company has no lithium mineral resources or related business." https://hotcrapper.com.au/posts/61512656/single
Also, Cominiere used the excuse of an "urgent" need to raise cash in July 2021 to justify its sale of 15% of Manono to Zijin - even though its 25% shareholding of Dathcom equated to more than $9 million in assets as of 30 June 2021, just weeks prior to the sale. Flimsy excuse.
A recent allaged Cominiere meeting "classifying" the 5% that they gave to Dathomir as a "security loan" that should never have been on-sold by Dathomir to AVZ in 2019. Well guess what; an Extraordinary General Meeting of Dathcom was convened in 2019 to approve the sale. Cominiere was there as part of Dathcom, well aware of it, and approved the legal sale. This is Dathomir/Cominiere now wanting to retrospectively fudge past events to gain an unlawful advantage. AVZ purchased this share parcel legally.
AVZ is still in discussion with the DRC government for Cominiere's 15% interest in Dathcom (ASX announcement 4 May 2022). If the DRC government actually recognises the sale of 15% from Cominiere to Zijin/Jin Cheng, then the DRC won't have anything to "sell" to AVZ so why would they even still have discussions? This is because the DRC government does not formally recognise the sale of 15% to Zijin/Jin Cheng. And when the DRC wants to sell this 15% parcel to AVZ, they (the DRC, not AVZ) will be the one that takes it back from Zijin/Jin Cheng. So if Zijin/Jin Cheng wants any compensation, they will need to approach the DRC, not AVZ. They have no claim to make on AVZ. Same thing happened in AVZ's past: MMCS sued AVZ twice (in WA and in DRC) and both attempts were thrown out by the courts, so MMCS is now suing Cominiere (i.e. the entity that took away the asset from MMCS). AVZ is not the entity that will take away the 15% from Zijin/Jin Cheng, as it will be the DRC taking it away before on-selling it to AVZ.
AVZ was the only miner invited to join the DRC Battery Council in Nov 2021. No Zijin/Jin Cheng. Also, AVZ presented at the DRC-Africa Business Forum 2021 (ASX announcement 24 November 2021) and the presentation slide clearly displayed the ownership structure as 75% by AVZ and 25% by DRC government. This was presented in the forum in front of a global audience. And yet, no direct/public rebuttal from Zijin for nearly 6 months until just this month after the mining licence award was decreed and after Zijin quietly inserted a footnote in page 251 of their 2021 annual report (published in March 2022) about their alleged purchase from Cominiere.
My opinion: AVZ's position is much more secure than Zijin/Jin Cheng in this saga. Don't be fooled by the mud-slinging from the shorters and anonymous profiles with various agendas. Read official company announcements and think before deciding.
DYOR IMO
Xerof
Have a Cigar 1975
Fantastic post mate.
The only tiny tiny assertion I can fault is that during my research, I had found a statement confirming an EGM was held for the first tranche of sale from DATHOMIR, but none for the second. This was from AVZ announcements, and they simply may have neglected to mention it, if it did occur for tranche 2. (It was certainly a condition of the sale agreement) For complete watertightness of my frazzled brain, did you find anything on this from the other side in DRC filings?
Someone over on the crapper noted TTX SP had gone +60% on no news on Monday. Given recent revelations that AVZ via DATHCOM actually has control over the PE for their tailings, I wonder if that part of the quagmire was a part of a massive ownership clean-up, and they now have approval to proceed with their teaspoons of tailings? I can only ever recall Nigel saying when asked about access for them, that they would agree to it as long as 'speed limits' were in place, so they weren't tearing all over the place. A euphemism I'm sure, but alluded to the fact that Dathcom has final say. (and very interesting further recent revelations on ownership of that particular tenement too - Cong has a lot to answer for)
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