AVZ Discussion 2022

Frank

Top 20
The desperation of Tshedeski to get the minerals for security signed off to save his personal wealth and political position will enable the deal to go through.
Rwanda would have analysed the consequences of going against the military strength of US.
Would be absolutely foolish IMO.
Best to get some processing benefits from trade in critical minerals than be militarily overcome in short time.
Hence minerals for security will be signed off.
Felix has re arranged his puppets
/ close at hand for Kobold to benefit with Manono.
Just need to wait what the final " fair compensation " is made known to shareholders.
The Chief's Lieutenants Appointed to Make Final Adjustments with the Trump Team

Whoever wants to achieve success combines expertise and efficiency. Tshisekedi is working hard to achieve this.


The hard-working Thérèse Kayikwamba Wagner, former Minister of State for Foreign Affairs, and her colleague for Mines, Kizito Pakabomba Kapinga Mulume, along with the Chairman of Gécamines SA, Guy-Robert Lukama Nkunzi, are the three musketeers appointed by President Tshisekedi to negotiate the final adjustments to the barter deal, critical minerals for security, between the DRC and the United States.

Before the end of the summer, the sky of strategic relations amidst the mining transactions between the US and the DRC is unlikely to be clouded by a single cloud.

The three-headed special coordination body established by Fatshi's primary mission is to discuss each clause of the "minerals for military support" deal with the US administration.

To ensure its success, Félix Tshisekedi has strengthened the Kayikwamba-Kizito-Lukama coordination body with high-level legal experts, including Pascal Agboyibor, a partner at ASAFO & CO, internationally renowned for his expertise in the energy, mining, infrastructure, and project development sectors in Africa.

The coordination body will also be supported by a technical secretariat composed of 22 experts whose essential role will be to produce regular reports on the progress of the negotiations, as well as the results of the implementation of the agreement in preparation.

The profile of Jules Alingete

The state-owned mining company, Cominière SA, and the Mining Registry (Cami) are also among these technical experts. Within the civil society movement, fingers are crossed in the hope that "American contracts would not contain leonine and obscure clauses like Chinese contracts."

In the initial draft of Chinese contracts presented to the National Assembly by the then Minister of ITPR, the late Pierre Lumbi O'kongo, a certain Kabale, not otherwise identified, appeared in the notes like a hair in the soup.

Speaker Vital Kamerhe L.K. Kingi was unable to prevent elected officials from the opposition, then led by the MLC, from heaping more harsh criticism on Chinese contracts.

It took more than 15 years for the incorruptible Jules Alingete Key, then head of the IGF department, to return to the infamous contracts and force the consortium of Chinese companies (Sinohydro, Crec, and Afrexim Bank) to rebalance the financial package in favor of the DRC, with an additional US$7 billion allocated to road infrastructure construction.

As with the revisiting of the Chinese contract under the leadership of the IGF, Félix Tshisekedi insisted on transparency in the negotiations and compliance with the Congolese legal framework (particularly the mining code and regulations), as well as the certainty that the deal with the US, in addition to security guarantees, would also offer definite economic benefits for the DRC.

So, a win-win situation!

Kobold CEO: "DRC, the best place in the world!"

And according to analysts who spoke to Ouragan.cd, the presence of delegates from Cominière SA is justified by Mr. Tshisekedi's desire to offer the lithium mining operation in Manono, a 19-hour drive from Bukavu, to the American group KoBold Metals, co-owned by billionaires Bill Gates and Jeff Bezos.

KoBold has apparently convinced the Australian company AVZ to drop legal proceedings against Cominière and join the new pact.

KoBold is a young mining company that gained notoriety in 2022 by investing in the development of a copper deposit in Zambia.

"The company aims to harness new technologies, particularly artificial intelligence, to explore strategic minerals needed for the energy transition."

In 2023, its CEO, Kurt House, stated that the DRC is probably "the best place in the world" for the materials his company is looking for.

Never one without two.

China-Belt-and-Road-.jpg


It's highly likely that the American firm KoBold would find imitators on Wall Street.


However, for many civil society organizations specializing in the extractive sector, Guy-Robert Lukama is considered the Albert Yuma of the regime, as he holds multiple positions and negotiates contracts considered as murky as those of Joseph Kabila.

And his presence among Congolese negotiators arouses suspicion.

The United States has targeted a wide range of minerals, which are, in fact, being swallowed up in other, better-known places, such as copper, cobalt, or lithium.

Since April 15, 2024, Uncle Sam has increased to fifty (50) the list of minerals it considers critical or strategic.

These are: aluminum, antimony, arsenic, barite, beryllium, bismuth, cerium, cesium, chromium, cobalt, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lithium, lutetium, magnesium, manganese, neodymium, nickel, niobium, palladium, platinum, praseodymium, rhodium, rubidium, ruthenium, samarium, scandium, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, vanadium, ytterbium, yttrium, zinc and zirconium.

All these minerals, if not their indices, are found in the Gecamines concessions.

mediacongo

Never one without two.

1749270660402.jpeg



Tinman.gif
 
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Dave Evans

Regular
Ding Dong…. KoBold calling

 

Dave Evans

Regular
Knock knock

Who’s there?

KoBold

KoBold who?

Hello

Hello

Hello

Hello

 

Strongman

Regular
No. Nigel would not say that. Nigel would say that what YOU are saying is absolute rubbish.

Do you not understand that the proposal is for AVZ to sell its commercial interest in the project to Kobold? If this occurs, the ICSID arbitration will be ended completely. There will be no partial award. The funds to purchase AVZ's interests will come from Kobold. The DRC Government and Cominiere will pay nothing.


View attachment 86407
Hi Leah there has already been a partial award to AVZ . The amount of 39 plus million euro award was on 10th March. This is a part liquidation and the 50,000 euro per day penalty is ongoing. This was awarded by the ICC not the ICSID. At the moment ICSID is temporarily suspended but ICC cases are ongoing
 
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Xerof

Flaming 1967
It might be covered by the settlement from Kobold, but Nigel will have it as part of his demand for compensation is my point

And yes ICC is NOT ISCID

Nigel would say absolute fucking rubbish talk, that is

You seem a bit tense. Is everything alright?
 
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Retrobyte

Hates a beer
So many blow-ins again. Gives me great confidence for a positive outcome
 
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No. Nigel would not say that. Nigel would say that what YOU are saying is absolute rubbish.

Do you not understand that the proposal is for AVZ to sell its commercial interest in the project to Kobold? If this occurs, the ICSID arbitration will be ended completely. There will be no partial award. The funds to purchase AVZ's interests will come from Kobold. The DRC Government and Cominiere will pay nothing.


View attachment 86407
What's the origin of this doc please LeahB?

I can't find it on company announcements.
 

Strongman

Regular
I don't think ICC will be ongoing. Once a negotiated settlement is reached I would say ALL arbitration is dropped. No ICSID, no ICC, no partial awards.

The arbitration was just a tool to get the DRC Government to the negotiation table.

and to be clear, it was Xerof who suggested the 39 plus million euro partial award related to ICSID, NOT me.

View attachment 86416
Yes i do agree the ICC cases will definately have to be dropped otherwise Kobold will be unable to proceed. My comment re the 39 million euro was based purely on your post i read and not within the context of your exchange with @Xerof.
I think we all talking about the same thing and the awarded amount plus sunk costs plus project value based on the DFS etc would all be part of Nigels negotiating platform in trying to come to a number perceived as fair value to both sides. As far as DRC and Cominiere not coming up with any cash yes i also agree but they sure as shit have to wind back a lot of the crap they have put in place to make the deal work. I reckon it is also quite likely that Zijin will be involved in the fair compensation to AVZ.
Everyone knows the actual real legal position here ie AVZ owns 75% of PR13359 and Cominiere owns 25% of which AVZ has FROR of 15 % of Cominieres holding. Kobold knows this, Massad Boulos and his team know this, ICSID knows this ICC knows this Zijin knows this , Cominiere knows this and Felix knows this.
This is definately a complex mess but fingers crossed the security for minerals deal gets signed of next weekend followed closely by the AVZ Kobold deal
 
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Strongman

Regular
What's the origin of this doc please LeahB?

I can't find it on company announcements.
That doc is the press release from Kobold...i think from Linkedin
 
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Jongo

Member
With ICSID only suspended until 23-Jun, I suspect the AVZ-KoBold deal could follow swiftly after the peace agreement expected in the week of 15-21 June. Given this timeline, I’m not taking any chances—a few weeks ago, I resigned from work, with my last day set for 11-Jun. On the same day, I will transition my SMSF from accumulation mode to pension mode.

I had been planning to retire soon anyway, but kept delaying to wrap up everything at work. Now, with the imminent KoBold-AVZ deal, I finally have the motivation to stop postponing—especially since I’ve already delayed for too long.
 
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cruiser51

Top 20
Do Nigel and the board give you confidence too or is your confidence in the whole deal/outcome solely based on myself and others signing up to a discussion forum?

😆
To be extremely honest, I couldn't give a rat's arse where you sign up.
How about you sign up on HC and give that a fair shake, shane would love it to have a full on and up to date, smart arse poster.
Go and keep his mind occupied, he loves and needs attention.
If you find him to hard to understand, don't worry there are heaps of fly-ins on HC in need of educating.
You will not be bored. ;);););)
 
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Dave Evans

Regular
IMG_9442.png
 

Doc

Master of Quan
To be extremely honest, I couldn't give a rat's arse where you sign up.
How about you sign up on HC and give that a fair shake, shane would love it to have a full on and up to date, smart arse poster.
Go and keep his mind occupied, he loves and needs attention.
If you find him to hard to understand, don't worry there are heaps of fly-ins on HC in need of educating.
You will not be bored. ;);););)
Don’t you think he speaks to himself enough?
 
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cruiser51

Top 20
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ptlas

Regular
So many new posters.
Where have you been there last 3 years.
Never mind, you're here now.

 
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Shrek

Emerged
To be extremely honest, I couldn't give a rat's arse where you sign up.
How about you sign up on HC and give that a fair shake, shane would love it to have a full on and up to date, smart arse poster.
Go and keep his mind occupied, he loves and needs attention.
If you find him to hard to understand, don't worry there are heaps of fly-ins on HC in need of educating.
You will not be bored. ;);););)
1749302129259.gif
 
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ptlas

Regular
Hi Slippery,
From what little we know I can only assume Kobold has thus far attempted to throw some lowball offers at us, perhaps around the AUD$1 mark per share plus some royalties at best. We can all only hope that Nige is negotiating for a much better deal than that, that is for at least ATH AUD$1.37min to also save any possible class actions against the board.

To me, I believe we have most the cards, even if it does involve going the long road through the courts, therefore we should push for US$1.50min or tell them a polite "No", they (or someone else) will then either eventually cave in to our 'fair price' or they wont get what they want and will have to sit there and watch us go through the courts for the next couple of years or potentially lose the resource to a higher bidder, and I think they want this bad enough to not let that happen.

Honestly it's just too hard to say atm, all we really know is Africa is as wild as it gets, and right now absolutely anything is possible. I think we've all been through too much drama over the last few years to sit here now and pretend that we know exactly what will happen
Why don't you say what you really think?

Actually, you don't need to bother. This previous post of mine lists your priceSSS over a two week period, which you then accused me of making up.

"Highly strung...playing the victim...ironic behaviour." Hmmmm

When you first blew in here, my first thoughts were that you were a little OTT.
Not for one moment did I suspect your agenda or motives though I 100% UNDERSTAND why others did.
I DMd one poster asking him to lay off you and why I thought they should and also in the interests of thread harmony. I did not necessarily think that they were going too far. No reply but I think they did wind it down.

Now lets get a few things very straight.
I am not a gatekeeper - nobody else is either. We are refugees from the crapper and have a tacit agreement to call out misbehaviour. It works extremely well, folks have apologised and for example some language has stopped as have girlie pics and some sexism.
I won't labour the point about the fantastic info', intel' and analysis that appears here on a daily basis.
Now it doesn't matter whether you, I or anyone else agree with this thread MO and the resulting decisions, that is what we have agreed to do and it has generally stoppped Crapper MkII, whilst maintaining humour and human interest.
I still get emotional goosebumps every time John is mentioned
With that in mind, perhaps you could show people here a little more respect, and not get strung up by anonymous bods on the interweb. Harmony.

I know that your remarks were not aimed at me, but I still think that you need to grow up.

Recently, I've been posting about people quoting prices that they would accept. I've made it clear why I think it sets a low bar for acceptance along wih a low bar for offers.

Since 22 March (two weeks) these were your posts and the prices you quoted or that I extrapolated from a sale divded by 3.52 billion shares:

$1.99 - 2.84
Auction
$2.50
$1.38 + royalties
$121 SP of Rio
$2.84
? + add $2.84
$2.56
$3.41
$2 hoping that management won't accept less.
$1.50
$2 sell to Zijin

So let's forget $121 as I presume Rio price was a joke.
Your prices vary between $1.38 + an undefined figure, and $3.41 which is almost 2.5 times as large.
What would you do if any reserve was not hit in the auction?

So yes enough of that.
Enough of whinging about your ' mistreatment ' here. The reaction to your posts was understandable.
What is not understandable is you outing grudges a year later.

Your OCD on prices and your changing with the tide is also beyond me.

So yes,

'enough of that, hopefully a lesson for many, and hopefully no matter how bad it gets, the overly paranoid gatekeepers can stay rational from now on. Now onwards, and upwards. '

There are no gatekeepers unless you believe there are. But I'm sure you're not paranoid.

BTW Slippery,
Why did you choose to ask this specific poster his opinion about acceptable price on only the second time you posted?

Do you know him?
 
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