AVZ Discussion 2022

[John25]

The trick is to be so mental that you don't even realise you've snapped.

Oi if we are handing out 'snacks' I'll be needing a lin....I mean a snack too

Can relate to your modded crapper post
Growing up on the land ,Dad alway emphasis
Shut the Furking gate
Otherwise the C’s will get out

 

[John25]

Doctor advise me to cut alcohol intake whilst on meds …Following Docs order ,now 1 drink a day ..I hope this is over Friday …Tim will tell

 

[Deleted member 2428]

Doctor advise me to cut alcohol intake whilst on meds …Following Docs order ,now 1 drink a day ..I hope this is over Friday …Tim will tell View attachment 10418

Friday 01/07/22 is the start of DRY JULY and no doubt the next announcement that suspension will continue until 31/07/22 and, confirmation that we are still going ahead with CATH deal which will STILL come to fruition by 31/07/22 - still all good everyone - nothing to see here, absolutely no problem CAT - they are all good and not shafting us in cohorts with China Govt. We have got to laugh at the professionalism of AVZ or else we would all be in straight jackets and in the foetus position crying.

Fuck me…. WTF is the truth

PS. No way I can take on DRY JULY with this shit show silent situation. Will do it though - if opens on 01/07 with a spike above $1, no grog. Pretty safe I will be on the beer and wine in July I reckon.

NOT HAPPY JAN! Nigel - throw us long suffering SHs a bone ….

 

[John25]

Friday 01/07/22 is the start of DRY JULY and the No doubt the next announcement that suspension will continue until 31/07/22 and, we are still going ahead with CATH deal which will come to fruition by 31/07/22 - still all good everyone - nothing to see here, absolutely no problem. We have got to laugh at the professionalism of AVZ or else we would all be in straight jackets . Fuck me…. .

PS. No way I can take on DRY JULY with this situation. Will do it though - if opens on 01/07 with a spike above $1, no grog. Pretty safe I will be on the beer and wine in July I reckon.

Did Dry July last year but not a hope in hell if we’re still in suspension..will need alcohol to get me through & maybe the occasional pipe

 

[Winenut]

I hear Laudanum is making a big comeback

Apparently very popular amongst investor types

I've ordered a case to get me through July...

 

[Frank]

Did Dry July last year but not a hope in hell if we’re still in suspension..will need alcohol to get me through & maybe the occasional pipe

Bottoms Up Bro

 

[Remark]

Anyone game to do a "Dry Suspension"?

C'mon @John25, I'll sponsor you

 

[Frank]

The good thing about this article is that it shows just about all the bullshit about the current ownership situation and that gives everyone a chance to analyse and strategies our position. It seems like another boatman style attack before the suspension date is due and hopefully someone will send this article off to Nigel asap. Obe, I think CATH have put $20 million into an account already, and whoever breaks the TIA (AVZ or CATH) has to pay $20mil in compensation (and to be open, that’s probably fuck all for CATH). Even though I alluded to it in the past, I didn’t want to openly say it (just in case of legal implications) but it was Nigel that told me at the Sydney presentation that the Chinese were trying to screw us. Nigel may not have known CATH was sly, but has long been aware of the Chinese tactics and has said all along that we have been in discussions with Felix and Felix was supporting us, and Felix has been bragging for months about AVZ developing Manono and being on the Battery Council so in spite of the dirty Chinese tactics and lack of open commentary by Felix these (along with having good lawyers) are all positives. If worse came to worse regarding ownership, it’s worth remembering that the Chinese would have to commit more to financing than us, would increase output to 10mtpa and would build the infrastructure in half the time. AVZ is still looking okay as far as I can see, there was the recent ruling that Zigin’s ownership attempt was illegal and this latest article is another short style attack by unscrupulous paid stooge’s. Even though I believe the article is bullshit, I like reading about all the behind the scenes wangling and possibilities as it assists in forming strategies and responses

*Speaking of BS, check out this latest load of Crap from the Congo

Manono mine: AVZ, five years of waste!

Coming to the Democratic Republic of Congo in the wake of the Kabilist regime, the mining company AVZ has just been stripped for its five years of waste. the Congolese state exploited without consideration.

The motive is not to be sought far in the filthy mysteries of the Congolese mineral mafia.

As pointed out, AVZ landed with the aim of making bloated pockets via the past diet.

The trajectory followed explains it so well.

It is in Manono where AVZ found itself to operate the Mine in this corner of the country to the detriment of its population and the Congolese State.

According to revelations, COMINIERE, a Congolese company, had research permits for the Monono mine.

COMINIERE had sold DATHOMIR 70% of its shares to leave the Congolese State only 30%.

Later, there was a joint venture between COMINIERE and DATHOMIR which gave birth to a structure called DATHCOM.

The latter will sell 60% of the shares to AVZ. In turn, AVZ will demand a 5% surplus from the Congolese state to enable it to carry out actions within the framework of corporate social responsibility: building roads and schools...

Only, for 5 years, nothing has been done. AVZ did not build a school or a road.

The population of Manono lives in the most total misery.

This prompted COMINIERE to find a new partner, in this case the company Zing JIN to which it sold 15% of the shares.

ZING JIN pays the Congolese State 33 million 400 thousand US dollars, "reveals the source.

She pointed out that the law in this area requires that when a new partner arrives, the board of directors meets to allow the new partner to become a shareholder.

But AVZ blocks the holding of the board of directors and refuses to submit to it by asserting its right of preemption on everything concerning the company.

In reality, AVZ wants to reach 75% so that Congo has nothing in return.

This is where AVZ has come, behaving like a Banana Republic.

Faced with this state of affairs, analysts suggest in-depth investigations, with the aim of exposing the real motives underlying the behavior of AVZ, which is said to be linked to the Kabila family.

29.06.2022,

www.mediacongo.net

 

[Remark]

Just in time for the 1st July. Who could've guessed that? Well, pretty much all of us...

 

[Deleted member 2428]

*Speaking of BS, check out this latest load of Crap from the Congo

Manono mine: AVZ, five years of waste!

Coming to the Democratic Republic of Congo in the wake of the Kabilist regime, the mining company AVZ has just been stripped for its five years of waste. the Congolese state exploited without consideration.

The motive is not to be sought far in the filthy mysteries of the Congolese mineral mafia.

As pointed out, AVZ landed with the aim of making bloated pockets via the past diet.

The trajectory followed explains it so well.

It is in Manono where AVZ found itself to operate the Mine in this corner of the country to the detriment of its population and the Congolese State.

According to revelations, COMINIERE, a Congolese company, had research permits for the Monono mine.

COMINIERE had sold DATHOMIR 70% of its shares to leave the Congolese State only 30%.

Later, there was a joint venture between COMINIERE and DATHOMIR which gave birth to a structure called DATHCOM.

The latter will sell 60% of the shares to AVZ. In turn, AVZ will demand a 5% surplus from the Congolese state to enable it to carry out actions within the framework of corporate social responsibility: building roads and schools...

Only, for 5 years, nothing has been done. AVZ did not build a school or a road.

The population of Manono lives in the most total misery.

This prompted COMINIERE to find a new partner, in this case the company Zing JIN to which it sold 15% of the shares.

ZING JIN pays the Congolese State 33 million 400 thousand US dollars, "reveals the source.

She pointed out that the law in this area requires that when a new partner arrives, the board of directors meets to allow the new partner to become a shareholder.

But AVZ blocks the holding of the board of directors and refuses to submit to it by asserting its right of preemption on everything concerning the company.

In reality, AVZ wants to reach 75% so that Congo has nothing in return.

This is where AVZ has come, behaving like a Banana Republic.

Faced with this state of affairs, analysts suggest in-depth investigations, with the aim of exposing the real motives underlying the behavior of AVZ, which is said to be linked to the Kabila family.

29.06.2022,

www.mediacongo.net


View attachment 10434


View attachment 10435

Confucius said: “keep thowing mud and sooner or later some/ most will stick”.

Nigel, AVZ & silent BOD, isn’t it time to stand up?

DRC government, plus Felix?, isn’t it time to stand up? Or are you undermining your elected President?

China, Z, isn’t it time to stand down? Or are you hell bent on destroying Australia/ AVZ?

CAT, isn’t it timer to disown your counterpart & Z or move away from AVZ All together ?

Biden, USA, Europe - are you just going to keep zipped on the sidelines while professing to be in the need to get into the Li battery supply chain?
Ditto Tesla, Bosch, LG etc ffs, opportunity of a lifetime and all you giant non-Chinese players remain SILENT!

you guys are not dills, we must be though, maybe . This will go off South or North at a rapid rate of Knots imo

 

[Retrobyte]

I'm not sure how to feel about 1 July - I'm hoping it will be an extension of suspension with maybe some more info (the latter is unlikley I suppose based on the silence to date from most parties). On 2 July I fly to Koh Samui for a week, staying in this place, where we've stayed before (my photos from the last trip in 2019) so don't necessarily want to be having to follow the share price next week!

 

[JAG]

 

[JAG]

 

[JAG]

 

[JAG]

 

[David holland]

Are we going to be trading on friday

 

[tonster66]

Confucius said: “keep thowing mud and sooner or later some/ most will stick”.

Nigel, AVZ & silent BOD, isn’t it time to stand up?

DRC government, plus Felix?, isn’t it time to stand up? Or are you undermining your elected President?

China, Z, isn’t it time to stand down? Or are you hell bent on destroying Australia/ AVZ?

CAT, isn’t it timer to disown your counterpart & Z or move away from AVZ All together ?

Biden, USA, Europe - are you just going to keep zipped on the sidelines while professing to be in the need to get into the Li battery supply chain?
Ditto Tesla, Bosch, LG etc ffs, opportunity of a lifetime and all you giant non-Chinese players remain SILENT!

you guys are not dills, we must be though, maybe . This will go off South or North at a rapid rate of Knots imo

I think the longer this goes on the more foolish zigin is looking. They are really scraping the bottom of the barrel with the crap that is coming out. I think the 3 judges would be looking at this as it is making their job easier.
Confucius says "that those who open their mouth prove they are foolish and those who keep their mouth shut can only be thought of as foolish."

 

[wombat74]

You will be fine, next years dry July may come before it's all sorted, so no need to worry at all, just consider this years dry July a practice run for next years imminent mining licence. Oh and yes next July the mine completion date will still be the end of 2023, dont expect an update on that either

You are forgetting the AGM in November . If this shit ain't sorted it's going to be a very interesting AGM . I'd even pay an entrance fee to attend .

 

[obe wan]

anyone read this one? ; fucking hilarious​

Les raisons de la cession des actions de la COMINIERE - Ouragan.cd

<em data-rich-text-format-boundary="true">Le 17 octobre 2016, la COMINIERE et DATHOMIR Sarl avaient conclu un accord de joint-venture pour l’exploitation du permis 12202. Ce permis d’exploitation était devenu un permis de recherche 13359. Et, ce après la réalisation du contrat avec MMCS et la...

ouragan.cd

​

The reasons for the sale of the shares of the COMINIERE​

On October 17, 2016, COMINIERE and DATHOMIR Sarl had entered into a joint venture agreement for the operation of permit 12202. This operating permit had become a 13359 research permit. And this after the completion of the contract with MMCS and the forfeiture of this operating permit. PE 12202 was thus divided into two RPs, including 13689 for discharges and 13359 for the mine. The contract was amended in December 2016.

By Gaby Kuba Bekanga

Published on January 6, 2022 at 15:05:28

Genesis of the file​

COMINIERE AND DATHOMIR have created DATHCOM MINING SA in which each holds 30% and 70% of the shares respectively. In January 2017, the two shareholders decided to sell PR 13359 to DATHCOM SA for operation. On November 20, 2017, COMINIERE, DATHOMIR and AVZ MINERALS signed an agreement under which AVZ MINING acquired 60% of DATHOMIR SARL's shares in DATHCOM MINING SA. AVZ paid $500,000 for this transaction. After this agreement, the share capital of DATHCOM SA was as follows: COMINIERE 25%, AVZ MINERALS 65% and DATHOMIR 10%. The COMINIERE then sold 5% to AVZ to stay with 25%.
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Five years after the creation of the joint venture, no significant activity on the site. The project remained in a research phase. This is how the COMINIERE was contacted by the Chinese ZIJIN. The latter was looking at the Manono-Kitotolo project, which COMINIERE relied heavily on thanks to a world-class lithium deposit. But, compliance with the clauses by shareholders posed a problem. AVZ obstructed the development of the project with opacity in fundraising operations.
It should be noted that AVZ is a company listed on the Melbourne Stock Exchange. She raised funds in Australia without the knowledge of the COMINIERE. The amount obtained by AVZ and its use did not allow the COMINIERE to verify or understand the assignment. Everything remained mysterious and enigmatic. Nothing has been approved by the board of directors regarding loans and advances made by a shareholder.

Questions that annoy​

The construction project of the Manono camp for workers was overbilled at US$2,000,000, although it does not represent this amount. The subcontracts of US$500,000 were signed without the approval of the partners, a cavalier management in the absence of the COMINIERE agents.
In addition, once the feasibility study was ready, the COMINIERE had to give its favorable opinion for formalities at the Mining Cadastre in order to transform PR 13359 into an EP. In addition, the feasibility study sent to the COMINIERE contains an assertion that makes it inadmissible. In this study, AVZ claims to have recovered the Mpiana Mwanga hydroelectric plant, while it is a heritage of the Congolese state via the COMINIERE. AVZ has signed a memorandum of understanding with the Ministry of Energy for the rehabilitation of the said plant by zapping the owner COMINIERE. Such cheating exposes AVZ to legal proceedings. The COMINIERE requested advances on the dividends but never obtained them.
According to stock market requirements, each phase of the project must be published with the opinion of shareholders. This is what AVZ has never done with PR 13359. The COMINIERE only obtains information about it on social networks. AVZ completely ignores its partner. Are we in a conquered state or facing a raid?
Indeed, the transfer of AVZ's shares to a Chinese group without the approval of the partners is only the confiscation of property belonging to others. The COMINIERE is also shocked to learn that AVZ presented itself without its knowledge as President of the Republic, when it is supposed to defend the interests of the State. Did the Presidency buried its secular arm, the COMINIERE by dealing directly with AVZ?

Justification for the sale of 15% of the shares of COMINIERE, another episode of the film​

On June 14 of this year, the Chinese ZIJIN MINING GROUPE COMPANY Limited approached COMINIERE to acquire part of its shares in DATHCOM SA. The Chinese operator proposed a "reasonable price" and another partnership for the development of the deposits included in PE 12453 and 13247. The minutes of the meeting mention that the COMINIERE sold 15% of its shares in DATHCOM and not 20% initially requested by ZIJIN. The 15% is equivalent to US$33.440,000. On July 21, 2021, AVZ informed other shareholders including AVZ of its willingness to sell its shares to allow them to exercise their right of pre-emption.

Contestation​

AVZ refuted the COMINIERE's approach. By its correspondence CL/098/MMA/08/2021, AVZ accuses the COMINIERE of violating the company's agreements and statutes. He expressed his intention to exercise the right of pre-emption. For the shares offered for sale, he offered USD 1,000,000 per %, or $15,000,000 less than ZIJIN. In the meantime, the RP has not yet been transformed into an EP. In the event of transformation, the State could hold 10% of the share capital in DATHCOM SA.

Demonstration of the legality of the assignment​

The session of the shares is governed by Article 9 of the joint venture contract between COMINIERE and AVZ. This article provides for a free assignment and an assignment to third parties. The first assignment states that: "Any party may freely assign, one, several or all to the other party or to an affiliate, it being understood that, for the affiliates, the shares will be returned to the transferor if the transferee ceases to be an affiliate. The deed of assignment must provide for this retrocession". The second assignment states: "The parties agree that the shares cannot be transferred to third parties between the period between the effective date (included) and the completion of a preliminary feasibility study. Following the expiry of the freeze period, in the event of a transfer of the shares by a shareholder to a third party, the transferor shall grant the other partners the right of pre-emption described in this article."
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The COMINIERE was to notify AVZ of the number of shares for sale, the identity of the buyer and the agreed price. Each partner has 40 days to exercise his right of pre-emption. AVZ therefore has the option to block the transaction. He could decide alone in the board of directors because, the COMINIERE, because of the conflict of interest, cannot participate. She becomes a judge and party. AVZ's offer being lower than ZIJIN, it cannot block otherwise, it abuses its majority. In addition, another shareholder, DATHOMIR, did not object to this transaction.
The refusal by the president to convene the meeting of the board of directors to take note of the operation is an act of abuse of majority. This act gives the COMINIERE the opportunity to go to court because of the damage suffered if the operation is aborted.
Charge against charge, piece against document
AVZ has already sent a letter to ZIJIN with threat. However, the COMINIERE protests against this attitude and plans to seize any likely buyer of AVZ's shares. Reason? Non-compliance with the statutory provisions on the right of pre-emption.
While since September 1, 2021, the Minister of the Portfolio has accepted the sale of the 15% of COMINIERE in DATHCOM. Minister Adèle Kayinda's correspondence supports the transfer. The government approved the decision of the COMINIERE General Assembly. The approach seems irreversible. AVZ intends to go to court to challenge the transaction. He claims that he was not contacted, although correspondence was sent to him regarding ZIJIN's offer and the convening of DATHCOM's general assembly. Fake runaway? Liar poker?
The COMINIERE recently learned with amazement that AVZ International PTY Ltd has concluded a transaction implementation agreement (TIA) with the Chinese SUZHOU CATH ENERGY TECHNOLOGIES. The COMINIERE will soon go to court against this illegal session.
Unlike AVZ's illegal transactions, the COMINIERE followed the procedure. It respected the right of pre-emption of all shareholders. She waited for the statutory deadline of 40 calendar days. It applied Article 17 of the Law laying down general provisions on the disengagement of the State from Portfolio companies. This law strongly recommends the best offer from all candidates. On this point, there is therefore no match between AVZ and ZIJIN.

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[wombat74]

Teflon NF is my experience, embellishes what is going on, always has, always will. Go back on timelines, we would be up and running ages ago if you were to believe the AVZ SPIN . Shits me

Well let's not jump to conclusions at this stage . Some I have noticed have started to lose their nerve .Jumping at shadows with their minds playing tricks .