AVZ Discussion 2022
- Thread starter GazDix
- Start date
Xerof
Have a Cigar 1975
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."
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."
BRICK
Top 20
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....
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....
Thank you Beisha and everyone on your updates of the AGM.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.....
Why is the WA government handing $150m to lithium miners in a cost of living crisis?
Premier Roger Cook says its rescue package recognises the thousands of jobs hanging in the balance, but a mining analyst says "it really doesn't touch the sides" amid an oversupply of lithium and disappointing electric vehicle sales.www.abc.net.au
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
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.
Good question. I don't think it came up in the AGM. I wasn't at the after party though.
Eat that Felix....8.3 Billion damage awarded....YOU ARE NEXT 
Scoota30
Regular
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
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
Thanks Scoota30.
Nellie17
Regular
Hi Grass,
Just to clarify all the directors, including Ben Johnson (
) & Rhett Barnes attended the Herdsman Tavern afterwards. And all were very open to chat with.It was great to meet a few of you there. Have a great weekend and enjoy this lovely weather!
Cheers,
Nells x
Dave Evans
Regular
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
DRC ICC Penalty Calculator 2.0
Calculates the amount of penalties the DRC has incurred since the first & 2nd violation of the ICC court ruling
drc-icc-penalty-counter-2.netlify.app
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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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?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.....
Why is the WA government handing $150m to lithium miners in a cost of living crisis?
Premier Roger Cook says its rescue package recognises the thousands of jobs hanging in the balance, but a mining analyst says "it really doesn't touch the sides" amid an oversupply of lithium and disappointing electric vehicle sales.
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
Considering that CATH voted against us .
Cheers
Scoota30
Regular
Apologies fees not fines - have edited my original postMy 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
DRC ICC Penalty Calculator 2.0
Calculates the amount of penalties the DRC has incurred since the first & 2nd violation of the ICC court rulingdrc-icc-penalty-counter-2.netlify.app
And @wombat74 surely you’re not thinking we’d sell Roche Dure to the Chinese for $2.5billion
CATH partnership was not mentioned at all by anybody, but its a good question you ask.
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.
Thanks BEISHA
much appreciated .
Thks BEISHA!
ps I would like to think we will require a lot!!! more$$$$$$s than JUST to be 'remunerated' for the "exploration costs" for the Nth, before we would sign it over!
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