Remark
Top 20
Classic, I hope Shane lurks here, it sucks to be you Shane
AVZ Discussion 2022
- Thread starter GazDix
- Start date
I'm stuck in 5th April 2022.
Share price was at or near its all time high.
My wife told me to sell.
I held.
Now my wife keeps taking me back to that date.
Interesting post on hotcrapper, surprised no one picked it up.My plums have morphed into avocados, and they are ripening by the hour
and to @whales PAZBOZ, I had missed your input over on the crapper, but here you have been all the time. Should have guessed with whales as your nick. I think we traded whale memes in days gone by
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
oxxa23
Regular
I'm hoping that if there's any chance of avz selling out all together that they're looking at tax strategies... more specifically whether they can work out a way for shareholders to be selling shares and accessing cgt discount...rather than avz selling the project or its shares in glh etc.
Nothing obvious comes to mind however...
Nothing obvious comes to mind however...
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.
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.
DiscoDanNZ
Regular
I might need to take another trip to Kalgoorlie and help them move out, I'll take the sign as a little memento.
Hodlandwin69
Regular
Brah, we're going mining
Why would you think that , the writing is on the wall , I think if all shareholders are offered 50c well most would want to go mining as its worth a lot more offer $2 possibly not . OR what do you think the share price could be for all of us to go away ??Brah, we're going mining
Hodlandwin69
Regular
I just think the CATH deal suggests we're going mining, especially with full offtake agreements signed and option to buy 49% of LiOH plant. But could be wrong. But I'm keen to go mining, get a few more exploration permits under the belt and turn into a megalith African based mining company from Australia and retire young. Probably just dreaming
Mr Inappropriate
Regular
If all males and females were the same life would be utterly boring. It is the beauty of life.
We are supposed to supplement each other and enjoy life, not be the same.
You as a provider made a calculated decision to hold. Your abacus had a malfunction.
Holding, or selling both comes with a risk.
It could have gone either way.
You didn't have a crystal ball and you are lucky your missus didn't have one either.
She wouldn't have rubbed it into your face, but highly likely bashed your head in with it.
That is married life, full of fun and excitement.
However look at the bright side, if you would have sold for 1 cent to Shane's sailing mate, you would have lost a lot.
If AVZ comes good and the shares go up you will be your mother in law's hero.
That could be bloody scary.
Sleeping in the dog house isn't the best, but you have had heaps of time to built a bar and a stereo installation in it and there is more, you could have added an alfresco.
Be a little entrepreneur and enjoy the situation to the best of your ability.
So, if it takes a little longer enjoy life on the edge in your own private space, the dog will love you for it.
If you are down, kicked out of the house and in the bad books with the mother in law, there is a lot of potential for improvement.
Carlos Danger
Top 20
6.2 - 30% = 4.34
4.34 x 1.63 = 7.0742
7.0742 / 3.5287 = 2.00
Last edited:
Carlos Danger
Top 20
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
DiscoDanNZ
Regular
Do we need to be listed to get CGT discount?
Amovatio ALSO said this
Have the Arbitration fees been paid for AVZ?
On November 7 Notice was issued by the ICSID the Proceeding is suspended for non-payment of the required advances by either party.
Reports out of the AGM seemed to indicate these would be sorted prior to XMAS by the AVZ Finance team via Piper Lawyers. There is no notification confirming this has happened.
Once the AVZ team sort this out pressure reverts to the DRC. The timeline for the DRC to make this payment will close in late January 2025 according to the payment requirements.
Carlos Danger
Top 20
A capital gain event for tax purposes is when an asset is disposed of
So we need to be listed for that to occur for shareholders
If we get bought out before relisting the only way profits can be disbursed to shareholders is via a special dividend
A special dividend is not a disposal of an asset for shareholders therefore no cgt discount
Could potentially come with some franking credits tho
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