You do realise that you need capital gains to offset the capital losses. Without the gains, the losses just get carried forward. So I’d suggest it would be worth worrying about. Not that anyone should necessarily be worrying about it at this stage.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
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.
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.
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.
Last edited:
Hmmm, i wonder , what is the status of the china / saudi relationship these days ?
*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
Or should i say........CATH / SAUDI ?
Food for thought.
I thought John the winking Greek has less hair than this winker.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 reckon Beisha is on the money too, Fuck Zijin!
Looks like the WA boys are still up and about ......
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
Top 20
Carlos Danger
Top 20
YES THIS ICSID case is """""WHAT a MEDIATION""""""
CONDUCT OF THE MEDIATION Rule 17 Role and Duties of the Mediator
(1) The mediator shall assist the parties in reaching a mutually acceptable resolution of all or part of the issues in dispute. The mediator has no authority to impose a resolution of the dispute on the parties.
(2) The mediator shall conduct the mediation in good faith and in an expeditious and cost-effective manner.
(3) The mediator shall treat the parties equally and provide each party with a reasonable opportunity to participate in the mediation.
(4) The mediator may meet and communicate with the parties jointly or separately. Such communication may be in person or in writing and by any appropriate means. Information received by the mediator from one party shall not be disclosed to the other party without authorization from the disclosing party
Rule 21 Mediation Procedure
(1) The mediator shall conduct the mediation in accordance with the Protocol and shall consider the views of the parties and the issues being mediated.
(2) The mediator may request that the parties provide additional information or written statements.
(3) The mediator may obtain expert advice with the agreement of the parties.
(4) """"""The mediator may make oral or written recommendations for the resolution"""""" of any issues being mediated, if requested by all parties.
CONDUCT OF THE MEDIATION Rule 17 Role and Duties of the Mediator
(1) The mediator shall assist the parties in reaching a mutually acceptable resolution of all or part of the issues in dispute. The mediator has no authority to impose a resolution of the dispute on the parties.
(2) The mediator shall conduct the mediation in good faith and in an expeditious and cost-effective manner.
(3) The mediator shall treat the parties equally and provide each party with a reasonable opportunity to participate in the mediation.
(4) The mediator may meet and communicate with the parties jointly or separately. Such communication may be in person or in writing and by any appropriate means. Information received by the mediator from one party shall not be disclosed to the other party without authorization from the disclosing party
Rule 21 Mediation Procedure
(1) The mediator shall conduct the mediation in accordance with the Protocol and shall consider the views of the parties and the issues being mediated.
(2) The mediator may request that the parties provide additional information or written statements.
(3) The mediator may obtain expert advice with the agreement of the parties.
(4) """"""The mediator may make oral or written recommendations for the resolution"""""" of any issues being mediated, if requested by all parties.
I thought CONG still owns 15% ...???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.
That 20 mill has disappeared out of the AVZ LAWYERS ESCROW ACCOUNT..???
So one would think it was never paid to CONG, so he owns that %...!
In May 2021, Cong wrote to AVZ purporting to cancel the sale of Dathomir’s 15 per cent stake in Dathcom, citing the need for a valuation. AVZ says a valuation was not a pre-condition of the 2019 and 2020 share sale agreements and proceeded to make the final US$20m payment to Dathomir in August 2021, ahead of the deadline.
In April 2020, AVZ tabled a DFS on the Manono project that showed a herculean $US1 billion (AU$1.54 billion) post-tax net present value (NPV). By 2021 the project was starting to gain international notoriety with a number of parties looking to get in on the action.
AVZ says Cong then got a bad case of seller’s remorse, given he had previously signed binding agreements to sell 15 per cent of the project to AVZ for US$21 million at a total project valuation of US$140 million (AU$213.5 million).
DiscoDanNZ
Regular
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?
Mute22
Regular
Last edited:
Lucas Don Velor
Regular
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 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
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.
Similar threads
