AVZ Discussion 2022
- Thread starter GazDix
- Start date
Mr Inappropriate
Regular
Ohreally, tell me your password. I’ll lock you out and we’ll go halvies in that case…
CashKing
Regular
Still waiting on Dr Wolf buying us all blocks of VB’s at 50cIMO only, the TH / suspension will be extended at least another month, given no hint of anything sorted, DRC silent and arbitration apparently is going ahead FFS. Anyway, don’t care, unless all the
’s are lined up we are heading down
. Alternatively, line up the
$AVZ will go back over $1. Bit of a Mystery ATM though
. As others, happy to get out at $1.50 and move on. If there is a $4 party
then I will shout bar, buy a Porsche 911 and let every one drive it on a lap around the track. Not likely to happen is it?, wish it would though
This elephant NEVER FORGETS….
I think sometimes we forget AVZ is not a one man show run by only Nigel . Surely those other highly paid suits we employ have some input .yep, imagine if he's let a permit lapse while head of one company and sat as the director on another while they've come and nabbed it. My goodness, he will have to resign, plain and simple.
This is one of the many reasons why we should just get the ML(if we ever can lol), and sell the fucking lot, and if we do and AJN have some of that turf, the backlash in hindsight thinking this was all part of the plan, just wow, let me guess we'd sell it to CATH, they'd join with Zijin and Dathomir and santa Klaus will prove up a resource then sell that to them too, then they'll all build the battery hub together and rape the DRC senseless.....the DRC Chinese Mob doing what it does best
I reckon we change the name to SST for Shitstorm, oh hang on just checked it's already taken
John25
Regular
Remark
Top 20
Stock Swami stuns court to drop defence against Kumova
Citizen journalist and Twitter gadfly Stock Swami has dropped a qualified privilege defence in a new twist to a defamation battle against Tolga Kumova.
He hasn't aged well...
MoneyBags1348
Top 20
BEISHA
I specifically put that information in my post and underlined it at the end so Obe would see it and perhaps provide further information on it. I have been watching out for the License Renewal (Term of validity of PR13359 due on 27 December 2021) for the last 9 months and I have never seen it renewed.
Bin59 provided The Mining Rights and Required Licenses and Permits Document which states:
....to be eligible for a mining permit, companies are obliged to either form a joint venture with a state-owned company (such as Gécamines) - (or in our case, Cominiere) that already holds the necessary permits, or freely assign a mandatory 10 per cent stake of its share capital to the DRC.
- My view is that the Cominiere dispute (selling 15% equity to Zigin) is the cause of the suspension because it changed the process of renewing AVZ,s mining and exploration rights (The PR13359 License)
The Mining Cadastre has 20 working days to examine the request and to make a decision (Article 40). Following this, the Directorate of Mines must conduct a technical investigation.
- The Technical Approval has been given (ASX Announcement 13 April 2022)
The office in charge of the protection of the environment examines the environmental impact study and the environment management plan. These reviews must be conducted within a period of time set forth in the Mining Code for each type of request (typically, for exploitation permits, within 30 working days for the Mining Cadastre, 60 working days for the Mining Directorate and 180 working days for the environmental investigation). Should any of the aforementioned authorities fail to reach a decision within the required time frame imposed by the Mining Code, the mining permit will be considered granted. When a favourable decision is made, the Mining Cadastre will then grant the mining permit to the applicant, provided that the relevant surface rights have been paid for within 30 business days. All mining rights are conveyable under the Mining Code. A specific right of amodiation (comparable to a long lease agreement) also entitles the holder of an exploitation permit to transfer all or part of such rights under a rental scheme. Exploitation permits can also be mortgaged. Finally, while mining rights are valid only for specified mineral substances, permits can be extended to additional minerals through specific procedures.
- All requirements have been fulfilled as stated by the granting of the Technical Approval and ASX Announcement 4 May 2022
- DRC Minister of Mines has signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA (Dathcom) 1
- DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment
- The Ministerial Decree to award the Mining Licence covers the entirety of the Roche Dure JORC Mineral Resource and Reserve2&3 and the Carriere de l’Este exploration target4
- An area which was excluded under the Ministerial Decree to award the Mining Licence, will be renewed under a 5-year Exploration Licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government
- The transaction with CATH is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, whilst AVZ retains a majority stake of 51%
- DRC Council of Ministers expected to meet to provide wide ranging support for all outstanding permitting and licencing requirements for the Manono Project
DiscoDanNZ
Regular
Winenut
Go AVZ!
Ha ha!!lol, There was no way I could take the bet, to simply reply 'yes ill take the bet', would have lost me bet
I think he's learned a trick or two off Zijin on how to corner a beast
Must admit after I set that up I thought to myself - "Oooohh....that's pure evil genius Nut!!"
Was definitely intruiged as to how it was going to pan out and I have to say
Great to have you back
Cheers!
Last edited:
Xerof
Biding my Time 1971
IIRC, this was a statement from AVZ right? Despite @Roller62 asserting that splitting of a tenement can't be done under the Mining Code, IMO, it appears to be the current fact, and it is this that is incomplete. Whether its incomplete due to being ultra vires, or they are prepared to go with it, who the fuck knows
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