AVZ Discussion 2022

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Emerged
5 board members attended: John Clarke (chair), Nigel, Graeme, Rhett, Ben.

About 50 people attended, no or very few suits.

Pretty calm/quiet atmosphere.

One of the MMGA lawyers (the one in the far left in that recently posted photo) was there in casual dress. I didn't spot Carrick, Ludbrook or Hjulich or those other two big lawyers from last time.

2-3 DLA Piper folks sat in the front row but not on stage. Their main guy was the same one from last AGM I think. He was holding a big wad of answers, kind of like last time but the board didn't have them, and Nigel was speaking freely rather than reading responses.

Start of meeting
--------------------------
JC mumbled and bumbled his way through the initial proceedings and gave a brief initial address:
- Continuing to pursue confirmation of the 13359 title.
- Locke funding secured
- Audit in progress and will be made available
- Special thanks to DLAPiper for their work

Voting
-----------
Both resolutions (Rhett Brans and Salome Sijaona) passed with about same number of votes for each - around 650M for, 50M against.

Business concluded

Overview & update (NF)
--------------------------------------
- Won't be talking technical stuff, just legal & arbitration
- Locke finding gets us what we need to get through arbitration
- DLA Piper have done the budget for the legal campaign
- Money covers arbitration legal cost, experts fees, etc
- Acknowledged that it was a tough deal but explained that Locke want a decent return for their risk but maintained that it's a small price for AVZ to pay when compared to the potential return
- Exact repayment amount depends on level of draw down and time (there's some kind of time multiplier)
- Board's objective is to get the value out ASAP (NF referred to this several times throughout)
- 60m shares from ATM will go to Locke ASAP
- ICSID: we're in the box seat and have been getting minor wins
- ICC (Dathcom JV): hearing next week; have been winning 99% of matters so far
- ICC (Jin Cheng): pushing hard
- ICC (Dathomir 15%): has been movement recently; pushing hard; Locke funding gives us more' bump'

Expressed desire to talk about geology. "The deposit is still there."

Summarised with the need to get the funding and maximise the return through whatever avenue will most likely deliver value to shareholders.

Questions
----------------

When can we expect to re list?
- lot of legal action to go before that
- expects legal proceedings to end 2026/2027 (I was a bit surprised by the 27 bit, given Locke conditions)
- could also play out with DLA Piper enforcing penalties
- or could get the licence
- it will be 6-12 months at least (I didn't really follow this answer, seemed all over the place)

Have there been any off market transfers of shares?
- have seen some go through
- not large amounts
- appears to be same entity transferring to itself(?)

What is the current valuation of the asset?
-[slight exasperation from NF] anywhere from $2.5 - 10B (unclear if that was USD)

What is our strategy: mining or takeover?
- "let me put the same question to you?"
[when pressed NF continued]
- Not worried about Zijin, only a small part of government is in with Zijin
- talk of a bad relationship with the government is rubbish
- if we put this into production it's going to be another 18 months of waiting (NF's tone seemed to be "is that what you really want?")
- JC interjected at this point and said in his opinion, focusing on building the mine would deliver best value (interesting difference of opinion, expressed openly; this was the only time any of the other board spoke during Q&A I think)

Status of the 20m escrow account?
- AVZ has filed a complaint
- They have no access to the account
- Status of account is unknown

Kobold's visit to Manono?
- Done without AVZ's permission
- No-one accessed AVZ's core samples
- They weren't weren't with us
- They weren't on our site

How is the relationship with the DRC government?
- it's not all of the DRC government making trouble
- MoM has been misled; with the funding it will be clear that AVZ isn't falling over
- Funding means we have a bigger stick
- the president now has a problem: either AVZ litigates or Zijin does (implication here seemed to be 'negotiate')
- AVZ's remaining portion of the subdivided 13359 holds 95% of the DFS value with a life of 50-100years
- MoM must now come to the table and talk

What is the company valuation now?
- can't put a value on it right now

ICSID outstanding payment?
- Neither side has paid
- AVZ can now sort it out ASAP with Locke funds

Travel to DRC
(I thought both NF and BC looked a bit uncomfortable/sheepish)
- not as often as we'd like to
- needed to save money
- visited "about twice" in 2024

Status of local Fat Tail case ?
- still in discovery

What is the overall objective of the ICSID action?
- we'll show the DRC we're not going away; aim is to negotiate
- otherwise will enforce penalties; we have an expert in NYC preparing for this avenue
- expect a domino effect with the various cases

Can we be confident of working in the DRC if we get the PE?
- If government has the confidence to grant us the PE they will be confident of working with us
- tax and community benefits
- it's only a small obstructive group working against us

Are we looking at raising further funds?
- yes
- if you want to contribute, contact AVZ admin and they will send paperwork

Is the US government aware of the situation?
- yes. Kamala Harris in particular
- Ambassador and a "group in Texas" (huh?) are also onto it

What about Australian government?
- "I'm not going to answer that one"
- they're ambivalent
- joked about the WA government's assistance for lithium miners: where's ours?

End of meeting

I was left with the distinct impression that Nigel is looking for a quick end to this in a way that provides a decent return to shareholders. It was a recurring theme; those references were peppered throughout. I don't think he wants to go mining.
I was there in person and this reflects a very accurate account of proceedings, well done.
I did a headcount of 70 persons seated in the mosh pit.
 

BEISHA

Top 20
Hi All

Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol

man-down.gif


So the AGM was chalk and cheese compared to last year.

Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year

Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.

a) Does AVZ have the support of Australian & US government ?

Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !

The irony of that ( which wasnt lost on Nigel ) is this recent development.....


Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!

The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too

b) Locke funding / working capital

DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !

checkmate.gif


With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.

Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now

c) ISCID - lack of court fees paid

Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......;)

Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.

d) Dathomir $20m Escrow payment gone AWOL

Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.

e) KOBOLD

Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest

f) Mining or For sale ?

I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.

MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........;)

Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....

1732899690132.png


but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.

Make of that as you will.

In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.

g) Mpiana Hydropower plant


I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.

He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.

The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off

Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........;)

Well, i have dribbled long enuff, time for bed.

Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.

He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.

I
1732902382804.png


Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?


imo
 
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JNRB

Regular
Huge thanks to everyone that's shared their summary and analysis of AGM and peripheral conversations.

Hugely helpful, and a great mood boost going into the weekend!

Bunch of legends. Have a good weekend all
 
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Xerof

Is There Anybody Out There 1979
Thanks to all for the info. and to ozpolarbear on the crapper. Do any of you know him, is he on TSE?

I'd love to see a privately shared summary of the unofficial AGM if anyone has the motivation to share, as I'm sure the official AGM summaries only present the duck on top of the water

I saw this on X today - appropriate

"In Japan a corrupt person kills himself. In China, they will kill him. In Europe they jail him. In Africa, he will present himself for election."
 
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BRICK

Where’s Zeebot 😶‍🌫️
Thanks again yall for your great AGM notes. Im in for the long game here and ok to wait another 3-4 years or however long if it looks like we will get a ROI.

At this point i just try to think of it as super.


Sadly, nopictures of the AVZ strippers at the after party but hey what happens at the agm....
 
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whales

Regular
Hi All

Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol

View attachment 73564

So the AGM was chalk and cheese compared to last year.

Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year

Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.

a) Does AVZ have the support of Australian & US government ?

Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !

The irony of that ( which wasnt lost on Nigel ) is this recent development.....


Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!

The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too

b) Locke funding / working capital

DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !

View attachment 73566

With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.

Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now

c) ISCID - lack of court fees paid

Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......;)

Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.

d) Dathomir $20m Escrow payment gone AWOL

Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.

e) KOBOLD

Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest

f) Mining or For sale ?

I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.

MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........;)

Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....

View attachment 73559

but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.

Make of that as you will.

In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.

g) Mpiana Hydropower plant


I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.

He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.

The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off

Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........;)

Well, i have dribbled long enuff, time for bed.

Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.

He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.

I View attachment 73565

Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?


imo
Thank you Beisha and everyone on your updates of the AGM.
Much appreciated.
Locke funding will certainly add considerable pressure on the government to negotiate or be exposed on the level of corruption that exists .
But do they really care or want change or continue lining their pockets.
Here lies IMO the difficulty the BOD are dealing with.
As Scarpa once said
The fish is rotten from the tail all the way including the head .
Unless the US can apply considerable pressure to DRC government then a drawn out litigation is only option.
As for the :auction : ? it is only wishful thinking.
 
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Flight996

Regular
Big call-out to all the members who attended and generously contributed their time to provide summaries and some candid thoughts.

Thanks legends.
 
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j.l

Regular
Thank you Beisha /grassseeds/ j.l for your summaries .

Was there any mention of the $$$millions$$ in fines owed to AVZ ?
Good question. I don't think it came up in the AGM. I wasn't at the after party though.
 
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hedrox

Regular
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hedrox

Regular
And by the way Celestine.....Thanks for the power
Screenshot 2024-11-30 at 10.32.31.png
 
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Scoota30

Regular
Thank you Beisha /grassseeds/ j.l for your summaries .

Was there any mention of the $$$millions$$ in fines owed to AVZ ?
My understanding was the funds from locke will be used to pay the fees of all outstanding court cases and the award would then be delivered soon after for the millions owing to us in the ICC comineire case.

Providing no other funny curve balls (no doubt will happen), Locke funding should be the first domino to fall with more to follow in the next 3-6 months IMO.
 
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Scoota30

Regular
The easiest way out this for all involved is : China keeps the North and the Power Station . China buys Roche Dure from AVZ $2.5b -$$??? USD
China gets what they want . DRC gets out of the sh1t . Share Holder's get paid . Nightmare over .

The DRC will not go against China . The chances of China releasing their grip on the North/Power station are slim to none . But the DRC need an out and allowing AVZ to sell RD to China solves everyone's problems .All in my opinion only . @SilentOne no need to reply .
China have successfully weasled their way into the north and may end up retaining the north (they will have to pay for it if they keep it), however they don't have a leg to stand on for the hydro plant IMO
 
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wombat74

Top 20
My understanding was the funds from locke will be used to pay the fines of all outstanding court cases and the award would then be delivered soon after for the millions owing to us in the ICC comineire case.

Providing no other funny curve balls (no doubt will happen), Locke funding should be the first domino to fall with more to follow in the next 3-6 months IMO.
Thanks Scoota30.
 

Dave Evans

Regular
My understanding was the funds from locke will be used to pay the fines of all outstanding court cases and the award would then be delivered soon after for the millions owing to us in the ICC comineire case.

Providing no other funny curve balls (no doubt will happen), Locke funding should be the first domino to fall with more to follow in the next 3-6 months IMO.
China have successfully weasled their way into the north and may end up retaining the north (they will have to pay for it if they keep it), however they don't have a leg to stand on for the hydro plant IMO

My understanding is we pay the arbitration fees but NOT any fines (Penalties). Those penalties are owed to us and will be enforced by DLA Piper through the ICC. Remember those penalties are over $70 million already and include what Cominiere owes from the fines calculator that @Spikerama introduced👇


And @wombat74 surely you’re not thinking we’d sell Roche Dure to the Chinese for $2.5billion 😵‍💫

The issue for those corrupt cunts is that the DRC took Zijin’s bribes, violated their own mining code and illegally sold our project to Zijin and now Zijin can seek damages from the DRC just like we can. It’s there own stupid problem for being greedy corrupt fuckwits. In all of this AVZ has been the only party that had acted legally and according to the DRC mining code, those fuckwits can all get fucked

Down the road if both those fuckwits don’t want to negotiate with us, it’s my understanding also that any royalties that would have been paid by Zijin to the DRC once production starts, would be taken through the ICSID and awarded to us until all compensation is paid
 
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whales

Regular
Hi All

Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol

View attachment 73564

So the AGM was chalk and cheese compared to last year.

Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year

Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.

a) Does AVZ have the support of Australian & US government ?

Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !

The irony of that ( which wasnt lost on Nigel ) is this recent development.....


Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!

The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too

b) Locke funding / working capital

DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !

View attachment 73566

With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.

Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now

c) ISCID - lack of court fees paid

Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......;)

Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.

d) Dathomir $20m Escrow payment gone AWOL

Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.

e) KOBOLD

Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest

f) Mining or For sale ?

I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.

MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........;)

Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....

View attachment 73559

but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.

Make of that as you will.

In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.

g) Mpiana Hydropower plant


I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.

He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.

The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off

Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........;)

Well, i have dribbled long enuff, time for bed.

Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.

He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.

I View attachment 73565

Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?


imo
Has the tide turned enough that AVZ are no longer legally bound to the CATH Strategic Partnership and now can negotiate with Western or Middle East?
Considering that CATH voted against us .
Cheers
 
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Scoota30

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My understanding is we pay the arbitration fees but NOT any fines (Penalties). Those penalties are owed to us and will be enforced by DLA Piper through the ICC. Remember those penalties are over $70 million already and include what Cominiere owes from the fines calculator that @Spikerama introduced👇


And @wombat74 surely you’re not thinking we’d sell Roche Dure to the Chinese for $2.5billion
Apologies fees not fines - have edited my original post 👍🏼
 
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BEISHA

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Has the tide turned enough that AVZ are no longer legally bound to the CATH Strategic Partnership and now can negotiate with Western or Middle East?
Considering that CATH voted against us .
Cheers
CATH partnership was not mentioned at all by anybody, but its a good question you ask.
 
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Xerof

Is There Anybody Out There 1979
Was Bin Guo at the AGM? (Lithium Plus PTY)
 
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BEISHA

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The easiest way out this for all involved is : China keeps the North and the Power Station . China buys Roche Dure from AVZ $2.5b -$$??? USD
China gets what they want . DRC gets out of the sh1t . Share Holder's get paid . Nightmare over .

The DRC will not go against China . The chances of China releasing their grip on the North/Power station are slim to none . But the DRC need an out and allowing AVZ to sell RD to China solves everyone's problems .All in my opinion only . @SilentOne no need to reply .
I can assure you, that scenario aint going to happen.

I do suspect that Zijin might retain the north via negotition for both DRC / Zijin to save face, but they will have to remunerate AVZ for exploration costs.

Regards to Mpiana, Zijin have no rights at all.

RD / Mpiana / ML package wont be going to Zijin i can assure you of that.

There are multiple options which i aint going to reveal here.

wink 2.gif
 
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whales

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I can assure you, that scenario aint going to happen.

I do suspect that Zijin might retain the north via negotition for both DRC / Zijin to save face, but they will have to remunerate AVZ for exploration costs.

Regards to Mpiana, Zijin have no rights at all.

RD / Mpiana / ML package wont be going to Zijin i can assure you of that.

There are multiple options which i aint going to reveal here.

View attachment 73575
Thanks BEISHA
much appreciated .
 
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