AVZ Discussion 2022

[Frank]

x.com

x.com

 

[BEISHA]

Sorry here is the full post

Guys,
There is nothing in the announcement which suggests AVZ has dropped the litigation because of negotiations with the DRC. What was stated is that AVZ has a revised JV and new funding arrangement with CATH and no longer needs to draw upon the Locke Litigation funding facility.

Lets not forget who is funding and running the DRC's legal process. The corrupt Zijin Mining Group and its lawyers who have been collaboratively working with Cominiere. This bunch of criminals don't get a seat at the negotiation table with CATH, AVZ and the DRC Govt.

The restructured partnership with CATH is the window for the DRC to accelerate the development of the Manono project as well as validate AVZ's legal claims and strategy. The DRC wants to build the Mine and get this into production in 2026. This new arrangement is the only way of achieving this. The Litigation process will delay this indefinitely and be enormously costly to the DRC along with the ongoing demise in their reputation.

Also, to cancel the Arbitration process would be to allow Cominiere and the DRC to walk away without any penalties being imposed. At the very least the $Millions they owe us should be an integral part of any negotiation up and until the final date (target date Feb 7) by which the fees are required to be paid for the ICSID Tribunal hearing, scheduled for June.

The Pre completion funding agreement stipulates the Drawdowns are scheduled by end of January. This is for the Litigation process. AVZ and CATH are committed to moving forward with this process if this is needed to get action to take place. The completion of the drawdowns is scheduled in December 2026 as part of the funding agreement. This is firmly stated. There is no compromise on this strategy.
So the fines which have been increasing each day on the DRC, and now amount to in excess of $70M are not going to be waived.
The DRC needs to get its act together swiftly before the end of January and advance the negotiations to grant the Mining Licence to Dathcom (AVZi) now or risk it all at the ICSID Arbitration hearing. It is the only way the Manono Project (area covered by PR 13359) is going to get off the ground and be operational before 2027. Zijin will definitely not be part of this outcome.

I believe

Interesting post on hotcrapper, surprised no one picked it up.
ZIJIN OUT ?
I tend to agree with Carlos that 13359 will be split so that Zijin can mine the northern portion but you never know the DRC may cancel the illegal mining licence given to Manono Lithium in favor of a battery hub.

Amovatio​

155 Posts.
1,675
Date:14/01/25Time:13:49:36Post #:77398366

No disrespect Whales, but most of the posters who came to TSE either wanted to get away from that shit hole HC for their mental sanity and / or were permanently banned........so not many are really going to re vist the place, hence why nobody has picked up what Amovatio had posted.

That being said ,i am glad you shared the post here cause in my opinion, he / she is spot on the money.

I believe this restructured agreement with Cath / AVZ will be the only ticket in town regards to developing Manono, I really dont believe Zijin will be part of the equation..........period.

Very powerful statement above !

The key take aways within this second statement for me.......

Enticing !

of course !

Read that statement over and over again.........third party consents including PROC , fascinating, what could that mean i wonder ?...

Chinese Govt approval ?........nudge nudge wink wink, pull your head in Zijin and tow the party line maybe ? Cong fuck off

Prohibited parties...........you mean Zijin / dathomir / Cominiere ?


Yeah, i think this restructure proposal is genius , it benefits the DRC in so many ways if they had a brain, a way forward to fulfill the battery hub dream just in time for the next lithium boom, a chance to avoid embarrassing arbitration decision that will only go one way , be extremely costly and damaging geo politically plus finally it would provide jobs for the locals and boost the coffers exponentially.......all in one nice restructured package CATH / AVZ

Yes, as i mentioned before AVZ hold all the cards and are in control ( as it should be )

Finally, i mentioned this before and wont mention it again........arbitration fees have been paid, there is no foot off the throttle!

How do i know ?

You know the drill.

 

[BEISHA]

90 days from November 7th is February 5th not February 7th

The 'hearing' in June at the ICSID is the initial hearing and won't be anywhere near the final outcome

Nigel himself said this process won't be wrapped up until end of 2026 or even possibly 2027 so if the DRC government want this in production by 2026 then a deal has to be struck or we will all be still in the same situation for at least the next 2 years

Zijin will launch arbitration against the DRC government if they are excluded and they would win the case

Therefore the only way this all moves forward imminently and the mine is operational before 2027 is with Green Lithium Holdings in the south and Manono Lithium in the north imo

Zijin will launch arbitration against the DRC government if they are excluded and they would win the case

You mean two wrongs make a right do you ?

Zijin / DRC arbitration would be the biggest clown show on earth.

The chinese like to save face.

And i am sure the relationship would suffer immeasurably to the point Zijin current and future operations in the DRC could suffer some large setbacks as a result.

Worth it ?

I think not.

 

[BEISHA]

​

*Just a quick follow up on Dhuboy's post re: Norton / Zijin story for anyone interested,

Aussie junior Minerals 260 to buy gold project from Zijin​

Junior explorer Minerals 260 has announced it will acquire the Bullabulling gold project in Western Australia from Chinese diversified major Zijin Miningin a A$166.5 million ($103 million) cash and shares deal.

Minerals 260, which had A$9.9 million in cash as of September and a market capitalization of A$30 million, plans to fund the purchase through an equity raising managed by Bell Potter Securities and Argonaut. It said that further details would be announced soon.

The company was a spin-off of Australia’s newest lithium producer, Liontown Resources, and listed on the ASX in late 2021 following a A$30 million initial public offering. Minerals 260 is chaired by well-known Australian prospector and entrepreneur Tim Goyder, who also chairs Liontown.

Goyder called the acquisition a transformational opportunity in a record-high Australian gold price environment.

“We believe that this opportunity, or this project, will deliver for us, and there’s no reason why we can’t build a substantial company,” he said during a conference call on Tuesday.

Bullabulling, located 65km southwest of Kalgoorlie, was discovered in the 1960s and produced 179,000 ounces of gold under Resolute Mining before it was placed on care and maintenance in 1998. Zijin acquired it in 2014 for A$25 million through its subsidiary Norton Gold Fields.

The project holds a resource of 60 million tonnes at 1.2 grams per tonne gold, totaling 2.3 million ounces.

“We’ve done the deepest due diligence of my career to ensure the resource stacks up,” Minerals 260 managing director Luke McFadyen, formerly of OZ Minerals, said.

The project benefits from proximity to infrastructure, including power, water, and the Great Eastern Highway, along with established mining leases and a Native Title Land Use Agreement.

McFadyen noted the acquisition would position Minerals 260 for rapid growth in the gold sector, leveraging Bullabulling’s potential amid favourable market conditions.

Aggressive development plan​

Minerals 260 plans to fast-track development, capitalizing on current gold prices exceeding A$4,000/oz. The company aims to launch 80,000m of drilling to complement the 530,000m previously completed and will focus on underexplored southern areas.

Studies are set to commence by September 2025, with a goal to define a maiden reserve in the north, where 89% of ounces are in the indicated category.

“You won’t see us go slow on this. This is going to be accelerated all the way,” McFadyen noted. He added the project doesn’t require A$4,200/oz gold to be profitable, as pit shells were calculated at A$3,000/oz.

mining.com

*In other News i see where Julian has grown some balls and come out with this statement re:- China

Congo courts Saudi mining investors to help curb China dominance​

The Democratic Republic of Congo, the world’s top cobalt supplier, is courting new mining investors from Saudi Arabia to help it diversify and curb overreliance on companies from China, Marcellin Paluku, a senior government official, told Reuters.

Congo, which is also rich in copper and other critical minerals, wants more partnerships with the new investors to limit the risk of relying solely on Chinese investors, Paluku, who is a deputy cabinet director in the ministry of mines, said.

Chinese companies, some of which are state-backed, have over the past years emerged as the biggest investors in Congo, ramping up investment and production for copper and cobalt.

CMOC Group is now the world’s biggest cobalt miner as it boosts output at Tenke Fungurume mine it bought from US-based Freeport-McMoRan in 2016.

Paluku said Chinese investors’ dominant role in the sector now presents a “risk” to the country’s economy.

“Today, 80% of our mines, it’s with one partner (China).

So it’s a risk,” Paluku told Reuters in an interview on the sidelines of a mining conference in Riyadh.

“You never know what can happen…So that means we are now trying to diversify our partnerships so we don’t rely on only one partner.”

Congo is also courting investors from the European Union and India, Paluku said.

The country is seeking to move away from current joint ventures which are heavily skewed in favour of investors, he added.

“We are talking to all the people who are open to do business with us,” Paluku said.

mining.com

View attachment 76015

Hmmm, i wonder , what is the status of the china / saudi relationship these days ?

Or should i say........CATH / SAUDI ?

Food for thought.

 

[BEISHA]

Well fark me , now @whales has piquet my interest with the Amovatio post, so i went to the dark side to check out the responses there.....after sifting thru 80% of toilet shit, i came across another good post from a poster who is completely wasted on that site........

Scarpa = Legend

 

[cruiser51]

I believe

No disrespect Whales, but most of the posters who came to TSE either wanted to get away from that shit hole HC for their mental sanity and / or were permanently banned........so not many are really going to re vist the place, hence why nobody has picked up what Amovatio had posted.

That being said ,i am glad you shared the post here cause in my opinion, he / she is spot on the money.

I believe this restructured agreement with Cath / AVZ will be the only ticket in town regards to developing Manono, I really dont believe Zijin will be part of the equation..........period.

View attachment 76056

Very powerful statement above !


View attachment 76062


The key take aways within this second statement for me.......

View attachment 76063

Enticing !

View attachment 76064

of course !

View attachment 76065

Read that statement over and over again.........third party consents including PROC , fascinating, what could that mean i wonder ?...

Chinese Govt approval ?........nudge nudge wink wink, pull your head in Zijin and tow the party line maybe ? Cong fuck off

View attachment 76066

Prohibited parties...........you mean Zijin / dathomir / Cominiere ?


Yeah, i think this restructure proposal is genius , it benefits the DRC in so many ways if they had a brain, a way forward to fulfill the battery hub dream just in time for the next lithium boom, a chance to avoid embarrassing arbitration decision that will only go one way , be extremely costly and damaging geo politically plus finally it would provide jobs for the locals and boost the coffers exponentially.......all in one nice restructured package CATH / AVZ

Yes, as i mentioned before AVZ hold all the cards and are in control ( as it should be )

Finally, i mentioned this before and wont mention it again........arbitration fees have been paid, there is no foot off the throttle!

How do i know ?

View attachment 76068


You know the drill.

I thought John the winking Greek has less hair than this winker.

 

[BEISHA]

I reckon ole mate @cruiser51 is on the money too.

Fuck Zijin and fuck Cominiere more !

 

[cruiser51]

View attachment 76070

I reckon ole mate @cruiser51 is on the money too.

Fuck Zijin !

I reckon Beisha is on the money too, Fuck Zijin!

 

[BEISHA]

I reckon Beisha is on the money too, Fuck Zijin!

Looks like the WA boys are still up and about ......

 

[JNRB]

Zijin will launch arbitration against the DRC government if they are excluded and they would win the case

You mean two wrongs make a right do you ?

Zijin / DRC arbitration would be the biggest clown show on earth.

The chinese like to save face.

And i am sure the relationship would suffer immeasurably to the point Zijin current and future operations in the DRC could suffer some large setbacks as a result.

Worth it ?

I think not.

Yes. This. 100%.
Nothing to add. Everyone just read that.
I don't know why people think Zijin taking Cominiere to court is a risk that seriously factors into the equation.

 

[Carlos Danger]

- 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

Zijin will launch arbitration against the DRC government if they are excluded and they would win the case

You mean two wrongs make a right do you ?

Zijin / DRC arbitration would be the biggest clown show on earth.

The chinese like to save face.

And i am sure the relationship would suffer immeasurably to the point Zijin current and future operations in the DRC could suffer some large setbacks as a result.

Worth it ?

I think not.

Yes. This. 100%.
Nothing to add. Everyone just read that.
I don't know why people think Zijin taking Cominiere to court is a risk that seriously factors into the equation.

Nigel specifically mentioned it being a factor at the AGM

 

[Carlos Danger]

Finally, i mentioned this before and wont mention it again........arbitration fees have been paid, there is no foot off the throttle!

How do i know ?

View attachment 76068


You know the drill.

You should let the ICSID know

This you?

 

[DiscoDanNZ]

Well fark me , now @whales has piquet my interest with the Amovatio post, so i went to the dark side to check out the responses there.....after sifting thru 80% of toilet shit, i came across another good post from a poster who is completely wasted on that site........

View attachment 76069

Scarpa = Legend

That is a great post, 5th paragraph I found interesting. So the theory is that AVZ will just be a conduit for the Chinese to control Manono? Does Nigel have a 4 step plan in place?

AVZ sign deal with CATH
CATH does all the work
AVZ collects paychecks
AVZ Profit

On my phone so couldn't make it a fancy flowchart like @Winenut.

P.S. @BEISHA beer in Freo on Friday the 21st of Feb?

 

[Dazmac66]

In relation to the last sentence above see below.

Check out the hashtag - never really use acronyms but truly LMAO!

 

[Mute22]

View attachment 76076
In relation to the last sentence above see below.
View attachment 76077
Check out the hashtag - never really use acronyms but truly LMAO!

LMAO. He's literally rolling out the red carpet for corruption.

 

[Lucas Don Velor]

Some quality posts @BEISHA

The new JV is an amazing opportunity for us... AVZ (Aussies) mine the product, China gets to process the product (also DRC with a hydroxide/carbonate plant) and the US transports the product (Lobito)... the above is a simplified vision of the potential future, as I'm sure there's many more moving parts, however this is a true win-win-win, if it plays out this way!

The Lobito Corridor: Washington’s Answer to Belt and Road in Africa | Geopolitical Monitor

With the launch of the Lobito Corridor, Washington has made clear its intention to compete with China’s Belt and Road Initiative in Africa.

www.geopoliticalmonitor.com

 

[PhatCatz]

That is a great post, 5th paragraph I found interesting. So the theory is that AVZ will just be a conduit for the Chinese to control Manono? Does Nigel have a 4 step plan in place?

AVZ sign deal with CATH
CATH does all the work
AVZ collects paychecks
AVZ Profit

On my phone so couldn't make it a fancy flowchart like @Winenut.

P.S. @BEISHA beer in Freo on Friday the 21st of Feb?

Whilst the deal can be taken with some skepticism, I think this is the route China is now trying ot take. Good cop v bad cop. CATH v Zijin. I also agree with Scarpa and most of his thoughts in that post quoted above regarding the US (and possibly future EU sanctions on companies that are military linked (esp. chinese)). I think having CATH as the 'good cop' with AVZ to control Manono allows China to 1. save face, 2. thy legally get this settled up and have essentially 'control' of the deposit, and 3. CATH (AFAIK) are a fairly 'clean' company (for Chinese standards) and thus product from Manano can readily flood the global markets and feed into the hands of what the Chinese want. Suppress, suppress and suppress via cheap goods to curb off non-chinese competition and investment.

What is currently public and in writing does seem like a good win-win deal but let's see how this plays out. Always a surprise or two when it comes to the Chinese. Not even considering the ineptness of the DRC officials who make shit up on the spot. LEt's clean these guys out via the courts and get this back on track.

 

[PutUsernameHere]

Try and track down the broker that the elderly lady would have used

No-one of that era did anything in shares without a broker

I'll post some more tips

Absolutely been through it

I've had some clients with share portfolios where everything was still only listed on paper. Was near impossible to find a cost base

@Pokok it's a little dodge, but assuming he* knows her HIN, last name and postcode you could potentially try for a single company login with those companies registries. I don't believe you can do anything other than vote or glean information by doing so, but that's potentially the quickest way to simply find out if they exist.

 

[Pokok]

ATO / her accountant is another idea

They might have a record of a recent tax return listing at least some of the holdings if she was claiming franking credit refunds on them

Thanks Carlos I have sent him all the info you and wino sent me I will let you know the result , he said thanks to this community

 

[DiscoDanNZ]

I've had some clients with share portfolios where everything was still only listed on paper. Was near impossible to find a cost base

@Pokok it's a little dodge, but assuming he* knows her HIN, last name and postcode you could potentially try for a single company login with those companies registries. I don't believe you can do anything other than vote or glean information by doing so, but that's potentially the quickest way to simply find out if they exist.

If you get caught just say you have a connection to AVZ and the DRC, laws no longer apply.