AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
GO AVZ!!!!
cruiser51
Top 20
There is something written in the JV about selling/transferring, timing and FROR of shares in the Dathcom JV.
For the exact wording, I have to go through the entire document and translate again.
There is a certain timing before which shares in Dathcom could not be transferred.
Cominiere did a song and dance act, when AVZ made its intentions aware regarding funding the project, but AVZ stuck to the rules and never sold, or transferred anything.
All AVZ did, it made its JV partners aware of AVZ's intention. Which is all above board.
Even today's contract with CATH, there is no transfer of shares until the date of sale/tranfer point is reached.
The contract with CATH is merely an indication of intent, that a sale will go ahead at such time that the possible contractual date for the transfer of shares has been reached. Like an 'I'm gunna letter'.
The sale or transfer of any shares can not take place without those contractually obligations being met.
Over the last few years Cominiere believed, they were above the law and could do anything they liked, against their signed contractual obligations,
Even illegally cancelling the 13359 tenement, re-dividing the lease and giving the northern section away for a large paper cheque, which never made it into the coffers of the DRC state.
Funny thing Cami is now asking for 10% of this stolen lease, It is like a fucking soap opera.
And CKK is going to sell electricity from a power station, he doesn't own, or knows how to operate, CKK's speciality is fucking people over and licking rocks, not running power stations. Fucking idiot.
Maybe we should show the COMAPNY ANNOUNCEMENT and conditions...!"""""""DONT see no J V mentioned""""
Pre-Completion Funding Agreement
The Pre-Completion Funding Agreement is intended to fund certain expenditures of AVZ and also AVZ corporate costs and meet ongoing working capital requirements.
Pre-Completion Funding Agreement Committed Amount •
Up to US$20,000,000. Conditions to Drawdown • No material adverse change and no default or potential default has occurred and is continuing • Other customary conditions to drawdown for a facility of this nature
Availability Period •
The funds will be available to AVZ until the earlier of: - a Mining Licence is granted over the Manono Project and completion of the revised TIA; or - completion of scheduled drawdowns in December 2025 or in 2026.
Drawdown •
Drawdowns scheduled as US$10m by end of January 2025, plus two further US$5m drawdowns as and when required by AVZ’s budgeted requirements
Use of funds •
Funds received must be applied to pay AVZ’s costs in respect of efforts to secure the Manono Project and for AVZ corporate costs Interest rate • Funds advanced will attract interest at a rate of 9% per annum • Interest will be capitalised
Repayment •
Funds advanced plus interest will be repaid from proceeds of the Manono Project acquisition price payable by CATH on grant of the Mining Licence and completion of the revised TIA; or • Repayable in full on 31 December 2027.
Security
• The facility will be unsecured for the first US$10m drawdowns • CATH will require security is granted as a condition to the further US$10m utilisation which will also cover the first US$10m drawdowns
Joint strategy •
AVZ and CATH have agreed to work collaboratively to constructively engage with the DRC Government to secure and accelerate the development of the Manono Project.
• AVZ and CATH are committed to resolve the relevant issues in order to see the Manono Project through to production.
Frank
Top 20
Valuation sounds about right to me, anyone want to do math on what that works out to per share?
...or is not all just for AVZ?
Hodlandwin69
Regular
Only for 30.5% of the project indirectly
Congo looks to Saudi mining investors to curb China’s dominance
The Democratic Republic of Congo wants to diversify its mining industry and reduce reliance on Chinese investment
cruiser51
Top 20
I just wonder how many people beside the Chinese are prepared to invest in the DRC, as long as the AVZ mess is not sorted in the DRC in an acceptable way by the DRC government.
Congo looks to Saudi mining investors to curb China’s dominance
The Democratic Republic of Congo wants to diversify its mining industry and reduce reliance on Chinese investmentafrica.businessinsider.com
Anyone expecting the Saudi mining investors will pump US$100 billion without proper DD and without having a real hard look at the AVZ case, is playing with their dick.
I am afraid that counts also for Felix and all his ministers.
If they elect not to clean up their complete fucked up house, they have buckleys and will slowly spiral down in Xi Ping's Gotcha Net.
However I am convinced that the DRC ruling clique believes all is ok and let's rock and roll.
The more money on the table the more can fall off.
Have a look at Felix's achievements.
All he has to show for is an arm full with expensive watches, a court case which could drop his country in the worst possible misery.
And jobs for the ruling tribe.
One could ask will, this clown ever be able to enjoy his super, strung up on the highest light mast in front of his Palace, or leave his palace horizontal feet first?
I think you missed the context of the post I was replying to
I see no JV in the Joint Stategy Avz company ANN..!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Some need to come back to EARTH...!
Without a Mining Licenese AVZ is worth ZERO...imo...!!!!!..>>?????
Now all up to CATH to make something happen..!
The JOINT STRATEGY""""""""" not J V """""""Avz company ANN 20025
Joint strategy
• AVZ and CATH have agreed to work collaboratively to constructively engage
with the DRC Government to secure and accelerate the development of the
Manono Project.
• AVZ and CATH are committed to resolve the relevant issues in order to see the
Manono Project through to production.
Some need to come back to EARTH...!
Without a Mining Licenese AVZ is worth ZERO...imo...!!!!!..>>?????
Now all up to CATH to make something happen..!
The JOINT STRATEGY""""""""" not J V """""""Avz company ANN 20025
Joint strategy
• AVZ and CATH have agreed to work collaboratively to constructively engage
with the DRC Government to secure and accelerate the development of the
Manono Project.
• AVZ and CATH are committed to resolve the relevant issues in order to see the
Manono Project through to production.
DiscoDanNZ
Regular
What would the Saudis know about getting shit out of the ground and selling it?
DiscoDanNZ
Regular
Edited to remove quoting a shit stain
Last edited:
Mr Inappropriate
Regular
What’s that stench?
Mute22
Regular
cruiser51
Top 20
It was rather septic, he thinks he is funny.
I have reported that his only intention is to disrupt TSE, same as his efforts over at HC.
Where he floods the thread with absolute repeated 1000x regurgitated BS
Xerof
Flaming 1967
Do you mind not quoting him in posts, he gets deleted eventually when the tribe reports.
Fucking hard work keeping our undies free of his racing stripe, I really don’t know why zeebot can’t ban the prick, perhaps he’s had threats, like deBoss got from MMGA scum
TheCount
Regular
cruiser51
Top 20
Is that you in the plastic bag standing on the lawn??
cruiser51
Top 20
They didn't achieve a lot with their threat, Fuck MMGA
Their side kick company
GLOBAL LITHIUM RESOURCES LIMITED
Is having a spot of bother with the Chinamen and asking protecting from the Australian government, lolThat's what happens when you get certain individuals on your board.
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