Yes , that is my notes, yes i did go to the AGM, but that is old news Carlos .....much like Locke was a means to a end to snare a whale....
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hodlandwin69
Regular
I attended, exact phrase I can't recall, but I agree with what that poster said.
Something along the lines of DRC has cucked itself, whereby they've dug themselves in deep shit where if they drop the case and go with AVZ, zijin will then litigate them. And something along the lines of perhaps a deal will need to be done. Unsure if he mentioned the north being involved in that or not
I attended the AGM, and my notes were cited above.
I'm the first to admit that I have a sh*t memory (as an aside, I'm fortunate to have my wife to remind me about things like 5th April 2022
, which by the way was a tongue in cheek post, not a sob story).Having said that, my recollection of Nigel's comments is more that he was ruminating (I've always wanted to use that word) on the topic, rather than explicitly stating the facts of the situation.
With the greatest respect, I think we know that Nigel from time to time likes to talk of what may be rather than what is.
As @Carlos Danger once wisely said, trust what's written in an announcement rather than what's said at an AGM.
Yes i have noticed the same issue even in his company ANN ,and is a concern to me as a AVZ S H..!I attended the AGM, and my notes were cited above.
I'm the first to admit that I have a sh*t memory (as an aside, I'm fortunate to have my wife to remind me about things like 5th April 2022
Having said that, my recollection of Nigel's comments is more that he was ruminating (I've always wanted to use that word) on the topic, rather than explicitly stating the facts of the situation.
With the greatest respect, I think we know that Nigel from time to time likes to talk of what may be rather than what is.
As @Carlos Danger once wisely said, trust what's written in an announcement rather than what's said at an AGM.
With the greatest respect, I think we know that Nigel from time to time likes to talk of what may be rather than what is...imo
Winenut
Go AVZ!
Because there seems to be a bit of postivity around regarding the potential outcomes falling the way we would all prefer I have done up one more of my world famous forward looking corporate structure charts
I know Carlos was super keen for me to do at least one more
Anyway after a bit more of this
and a bit more of that
I've come up with this
Would love it if this paints the final picture so fingers crossed
I know Carlos was super keen for me to do at least one more
Anyway after a bit more of this
and a bit more of that
I've come up with this
Would love it if this paints the final picture so fingers crossed
Coming to perth for another visit hey ?
Yes mate, i am in.
look forward to it
PM me
Why doesnt dathomir have a CNTS next to its name ?Because there seems to be a bit of postivity around regarding the potential outcomes falling the way we would all prefer I have done up one more of my world famous forward looking corporate structure charts
I know Carlos was super keen for me to do at least one more
Anyway after a bit more of this
View attachment 76089
and a bit more of that
View attachment 76090
I've come up with this
Would love it if this paints the final picture so fingers crossed
View attachment 76094
Cmon, get it together.
DiscoDanNZ
Regular
Yeah managed to squeeze a day at Freo into a 40th weekend in Boddington. Will do.
Too many CNTS gets confusing
Xerof
Have a Cigar 1975
@Winenut
IMO, the 75% will be it. The DRC will hold the other 25%
You have the fucktards correctly positioned, but you could add in a flush toilet, so that eventually, them, SMEGMA and shitstain can slip quietly off the bottom of the chart
speaking of shitstains, @BEISHA could you delete your post with his post in it please. The smell is intolerable
IMO, the 75% will be it. The DRC will hold the other 25%
You have the fucktards correctly positioned, but you could add in a flush toilet, so that eventually, them, SMEGMA and shitstain can slip quietly off the bottom of the chart
speaking of shitstains, @BEISHA could you delete your post with his post in it please. The smell is intolerable
Winenut
Go AVZ!
Xerof
Have a Cigar 1975
Yeah, only an opinion, but based on the announcement, where there's no mention of how any movement up or down from 75% in holding is to be catered for via the holding in GLH, I'm resigning myself to this already being a part of the negotiationsInteresting on the DRC holding 25%
Will look into that and update on more concrete info
Winenut
Go AVZ!
Gotcha
DRC already run a Rambo legal system. Making shit up on the spot to suit whoever gets the brown paper bags. But I reckon screw them. We have followed the mining code and what’s been in writing agreed and progressed. Remember we have no done ANYTHING illegal. They don’t get 25% that easy but I agree… it will be negotiated with a the ML coming back out way. in hand with no legal “take backs” allowed. This has to be watertight and we keep the legal in action. I don’t wanna see the board take its foot off the pedal.
We didn’t wait 2.5 years just to be happy with the ML. I want it all. Every last bit of dirt that the company and shareholders have legal title too.
We didn’t wait 2.5 years just to be happy with the ML. I want it all. Every last bit of dirt that the company and shareholders have legal title too.
If it is not 10%, it is not free carried in regard of the development costs of the project.
Ceding 10% to the DRC Government makes the DRC's ownership free carried according to the DRC mining code.
If the DRC wishes to retain 25%, they will have to pay 25% of the development costs (and also probably what has been spent already, as AVZ so far has carried all the costs and the DRC's Cominiere has been busy stuffing their face with mars bars rinsed away with beer.)
Just a minor point IMO
Winenut
Go AVZ!
Or will 10% still be free-carried and the DRC contribute 15% toward Development costs for the extra bit?
Made my morning (and my year) reading about Zijin and all their subsidiaries being directly sanctioned by the US. Ouch. That’s going to cost them tens of billions.
All their potential exports are banned for their use of forced labour. Now we can see why they hurriedly sold up their only mine in Australia.
All their potential exports are banned for their use of forced labour. Now we can see why they hurriedly sold up their only mine in Australia.
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Pretty sure Zijin and Ivanhoe ended up giving the DRC a greater free carried share in their project than what the Mining Code stipulates. I think it was 20% they ceded, rather than 10%, after extended negotiations. Don't quote me on that though.
I foresee a similar thing occurring with our project. I'm fine with that if it gets this deadlock broken, and the Project moving forward, but I would want it to be through the DRC direct rather than Cominiere. They're poison.
GLH 75 / DRC 25?
80 / 20 ?
Even if this requires us purchasing the remaining 15% off Cominiere and ceding some to the Government (perhaps with money from Zijin as part of deal in ehich they keep much of the north), this might work. In exchange for reshaping the boundaries and returning the original 'south' allowing water access, and forcing Zijin to share the power through some kind of JV.
Dathomir can fuck right off. ICC will show themwhere they stand. Or at the very worst if it comes to it, and we need woder harmony to get a deal going, then maybe CATH can fling them a bit of cash to soften the blow.
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