AVZ Discussion 2022

[Hodlandwin69]

I for one welcome our new Chinese overlords (I had a genetic test and it says I'm 5.5% Chinese)

 

[Frank]

Totally agree.

DRC as well as Cath have shown they cannot be trusted.
Just remember the way Cath voted in 2023 November with MMGA and what would have happened if they would have won that vote.
We would not be talking AVZ today and your money would have been gone.

As far as I see it, AVZ has funding to continue the fight.
That funding came at a price.

Until AVZ has the entire title back (and Zijin off the tenement), the ML and access to power from the hydro power station, the arbitration fight will have to continue.

Giving up arbitration now, because Pei started to talk business is insane.
Pei started to realize that there could well be a possibility that they could lose the lot, that is the only reason Pei wanted to talk.
The way the deal was struck really didn't cost Pei anything, just a couple of moves on the chess board.

The foot has to be kept on the throat and any wriggle has to be answered with an extra bit of weight on that foot, to make sure they understand.

Fukkum

Totally agree !

Did Cath grow a Conscience ? Probably Not !

Did Cath realise they were backing a Donkey ?

Probably !

Would Pei end up Shit Creek without a Paddle

Most likely !

 

[DiscoDanNZ]

I wonder if Mr. Pei put in a clause that Nigel has to call him Daddy from now on. It would be a deal breaker if I was Mr. Pei.

 

[BEISHA]

I wonder if Mr. Pei put in a clause that Nigel has to call him Daddy from now on. It would be a deal breaker if I was Mr. Pei.

daddy or didi ?

 

[Xerof]

daddy or didi ?

or cream pei

 

[cruiser51]

I wonder if Mr. Pei put in a clause that Nigel has to call him Daddy from now on. It would be a deal breaker if I was Mr. Pei.

You mean part of the deal is Nigel and John have to give Pei sexual pleasures?

If I was Pei, I would be very careful and not get carried away too much, there could well be some payback when not expecting it.

 

[Xerof]

@Hodlandwin69

I'll find out for certain next week, but I think, on balance, you're right about 30.5% of 'the project'. This would mean CATH will have ~40.6% of GLH, still leaving AVZI and AVZ with majority control at the Holding Company level

But the point is, DATHCOM still holds the 75%, with CATH having a 30.5% INDIRECT interest.

TBH, I think CATH is much more interested in the product, not so much how big a slice of the Pei (sic) they hold.

Fuck, they will even build phase 1 for us via a loan, rather than more equity, if AVZ doesn't want to bother with supra-national bank funding, with all the shit that carries with it

 

[Doc]

 

[j.l]

I think Zijin will still be in the game. It will be too hard for DRC to dig themselves out of that one without exposing themselves to legal action and angering the overlords.

Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.

The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.

But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.

 

[DiscoDanNZ]

You mean part of the deal is Nigel and John have to give Pei sexual pleasures?

If I was Pei, I would be very careful and not get carried away too much, there could well be some payback when not expecting it.

Imagine the negotiating table

Nigel: can I bring you attention to clause 76.b paragraph 3 'Nigel must refer to Mr. Pei as Daddy moving forward'. Can we remove this?

Pei: Those are my terms

Nigel: *furiously signing contracts*

 

[Frank]

 

[Underwaterdark]

I am a bit late to read this announcement.

Re the 30.5% revised for CATH,

Are my back of the envelope numbers right that this equates to circa 40c AUD per share in value, that they are going to pay?

$850m USD, at current exchange, 3.5b SOI.

 

[PhatCatz]

@Hodlandwin69

I'll find out for certain next week, but I think, on balance, you're right about 30.5% of 'the project'. This would mean CATH will have ~40.6% of GLH, still leaving AVZI and AVZ with majority control at the Holding Company level

But the point is, DATHCOM still holds the 75%, with CATH having a 30.5% INDIRECT interest.

TBH, I think CATH is much more interested in the product, not so much how big a slice of the Pei (sic) they hold.

Fuck, they will even build phase 1 for us via a loan, rather than more equity, if AVZ doesn't want to bother with supra-national bank funding, with all the shit that carries with it

thank you for doing the math. this is the point I was confused about. Let's hope this doesn't go the way of LLL.

 

[Retrobyte]

I for one welcome our new Chinese overlords (I had a genetic test and it says I'm 5.5% Chinese)

So did a bloke I work with. His genetic test came back 5.5cm Chinese.

 

[Xerof]

I am a bit late to read this announcement.

Re the 30.5% revised for CATH,

Are my back of the envelope numbers right that this equates to circa 40c AUD per share in value, that they are going to pay?

$850m USD, at current exchange, 3.5b SOI.

Unreliable for valuations at the equity level. It's essentially a farm-in (and also Off-takes). Remember AVZ have paid ~US$26m plus a few shares for 75% of this tenement, and since put another circa 100m into exploration

JMT, anyone else?

Anyway, time for a Margarita, seeing it's Friday and after a week of some EXCELLENT news

 

[Underwaterdark]

Unreliable for valuations at the equity level. It's essentially a farm-in. Remember AVZ have paid ~US$26m plus a few shares for 75% of this tenement, and since put another circa 100m into exploration

JMT, anyone else?

Not overly looking from a valuation perspective, just wanted a rough idea of if we are all going to get out of it, what the price might be.
(fully aware that its not the greatest indication, but better than we have had for some time)

 

[tonster66]

I think Zijin will still be in the game. It will be too hard for DRC to dig themselves out of that one without exposing themselves to legal action and angering the overlords.

Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.

The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.

But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.

I would have thought it would be easy to get rid of zijin , they have so many breaches of the drc mining code just look at the environmental damage they have caused at Manono.
If they can take AVZ license for not getting on with shareholders they can do this to zijin easily

 

[Frank]

Shame it's over there and not over here

 

[Frank]

In before tolate asks "but wheres the annual report?!?!"