AVZ Discussion 2022
- Thread starter GazDix
- Start date
What else would you expect on the AVZ thread!
Frank
Top 20
What else would you expect on the AVZ thread!
Tbo,
I think it Sucks that the Competition didn't last longer, go all weekend, right down to the last bite on a Sunday night Snack
Anyway,
How anyone could swallow any of that Zijin Big Banana flavoured Bowl of BS without Gagging or Vomiting is beyond me
Now let's see how much Paris will swallow of that Bag of Zijin Bananas or just Spit em' out
Food for thought
Frank
Last edited:
BRICK
Regular
Hmmm I’ve seen the other Paris (Hilton) swallow bananasTbo,
I think it Sucks that the Competition didn't last longer, go all weekend, right down to the last bite on a Sunday night Snack
Anyway,
How anyone could swallow any of that Zijin Big Banana flavoured Bowl of BS without Gagging or Vomiting is beyond me
Now let's see how much Paris will swallow of that Bag of Zijin Bananas or just Spit em' out
Food for thought
Frank
thegh0stwithin
Regular
She showed the world how to swallow bananas in a way that involved doing the least amount of work possible.
A good comparison would be the leadership of Cominere who thought it was OK to swallow bananas for $5m when the DRC government said they were not allowed to choose their own customers and that they had to wait for the right customer with the best quality banana. They thought as long as their friends (AVZ leadership) had made themselves scarce that they (like Paris) could swallow any banana they wanted as long as it made them feel good and did not think about the future ramifications of that.
Cominere - the Paris Hilton of the DRC.
Sounds like DRC are tired of getting ripped off. (old news but new article)
MINING.com: Giant Congo cobalt mine exports at risk as investors feud - MINING.COM.
www.mining.com
MINING.com: Giant Congo cobalt mine exports at risk as investors feud - MINING.COM.
Giant Congo cobalt mine exports at risk as investors feud
An intensifying feud between shareholders of the Tenke Fungurume mine may lead a court-appointed administrator to block its exports of copper and cobalt.
www.mining.com
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Frank
Top 20
Well, well, well, what have we here,
The new acquisition has “strong potential for lithium, tin, tantalum and rare earths”.
According to inside sources, the transaction is subject to a 60-day due diligence as well as obtaining regulatory approvals.
In return for a 70% interest in a joint venture managing the project, alongside the company E29 Resources Sarl, AEM will issue 2.5 million ordinary shares in favor of the seller who is none other than AuClair ECC SASU , in addition to a cash payment of $150,000 and the issuance of 1 million common shares to its joint venture partner E29.
“The Manono region is becoming the largest gambling area in the DRC due to its high potential for lithium, tin, tantalum and rare earths.
African Energy Metals finds itself right in the middle of this exciting development. commented Stephen Barley, Executive Chairman of AEM .
Known for the exploitation of tin, the region located in the province of Tanganyika in the south of the DRC has returned to the forefront thanks to the recent discovery by AVZ Minerals of a deposit hosting, according to an estimate in July 2021, proven and probable ore reserves of 131.7 million tonnes of lithium.
copperbeltkatangamining.com
Never a Dull Day in the DRC
African Energy Metals announces the acquisition of a 170 m2 mining concession in Manono in DRC
The mining company African Energy Metals (AEM) active exclusively in the Democratic Republic of Congo (DRC) in the exploration of metals, announced on July 5, 2022, the acquisition of a mining concession of 170 km² in the region of Manono, in an area contiguous to another exploration permit of 30 km² belonging to it in the same locality.The new acquisition has “strong potential for lithium, tin, tantalum and rare earths”.
According to inside sources, the transaction is subject to a 60-day due diligence as well as obtaining regulatory approvals.
In return for a 70% interest in a joint venture managing the project, alongside the company E29 Resources Sarl, AEM will issue 2.5 million ordinary shares in favor of the seller who is none other than AuClair ECC SASU , in addition to a cash payment of $150,000 and the issuance of 1 million common shares to its joint venture partner E29.
“The Manono region is becoming the largest gambling area in the DRC due to its high potential for lithium, tin, tantalum and rare earths.
African Energy Metals finds itself right in the middle of this exciting development. commented Stephen Barley, Executive Chairman of AEM .
Known for the exploitation of tin, the region located in the province of Tanganyika in the south of the DRC has returned to the forefront thanks to the recent discovery by AVZ Minerals of a deposit hosting, according to an estimate in July 2021, proven and probable ore reserves of 131.7 million tonnes of lithium.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
Never a Dull Day in the DRC
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DiscoDanNZ
Regular
Are we allowed to discuss the soccer on the weekend? Might as well have been a football match the way the ref and his over eager touchy were dishing them cards.
thegh0stwithin
Regular
Good thing we have not been ripping them off then. There was some accusation that we were, and I would be incredibly peeved if they were true - but I suspect it was just mud slinging.Sounds like DRC are tired of getting ripped off. (old news but new article)
MINING.com: Giant Congo cobalt mine exports at risk as investors feud - MINING.COM.
Giant Congo cobalt mine exports at risk as investors feud
An intensifying feud between shareholders of the Tenke Fungurume mine may lead a court-appointed administrator to block its exports of copper and cobalt.
One thing I know based on the "likes" I recieved on certain HC posts is that shareholders (who are the owners of the company) want to be enriched alongside the locals - not without them.
If you look at Nigels presentation, he has said multiple times that AVZ at Manono is the base of something far bigger.
Provided the Zijin thing has not been all-consuming for the team (I suspect it may have been), I would hope the team are talking on the quiet with the DRC government about taking over operations of some of these other mines that have been fraudulently operated. This is how it may very well begin.
A capital raise for operating rights on that CMOC mine that is potentially going to be nationalised from the current operator, if we may care to dream?
Azzler
Top 20
That's very interesting.
I recall hearing him say something about future investments or activities so that AVZ isn't a "One Trick Pony".
I was a bit startled by this.... what did he mean? I was pretty sure I hadn't gotten wind of anything else in the works.
I wish I could find that exact interview, it made my eyes grow wide with wonder.
I imagined they might get some ownership in all the local downstream battery manufacturing... if that ever happens.
If we secure CATH, that's some nice expertise to have onboard for battery making, and I suspect that's exactly what AVZ and the DRC have planned behind the scenes.
I never imagined the running of other battery metal mines in the area to be possible.
I'm clearly dreaming, but could you imagin if AVZ had a stake in not only the monster of Monono lithium, but local battery metals mines, as well as the processing plants for all that ore.... AND a battery manufacturing plant run with the expertise of CATL involved?
That would be quite a valuable company to hold shares in.
@thegh0stwithin , do you have any references to the times that Nige has mentioned "something bigger"?
I can only recall it being mentioned once.
Thanks mate.
thegh0stwithin
Regular
The one I remember clearly was the now retracted 121 metals conference a few months ago, which was mysteriously withdrawn from the 121 website with no further comment to this day.That's very interesting.
I recall hearing him say something about future investments or activities so that AVZ isn't a "One Trick Pony".
I was a bit startled by this.... what did he mean? I was pretty sure I hadn't gotten wind of anything else in the works.
I wish I could find that exact interview, it made my eyes grow wide with wonder.
I imagined they might get some ownership in all the local downstream battery manufacturing... if that ever happens.
If we secure CATH, that's some nice expertise to have onboard for battery making, and I suspect that's exactly what AVZ and the DRC have planned behind the scenes.
I never imagined the running of other battery metal mines in the area to be possible.
I'm clearly dreaming, but could you imagin if AVZ had a stake in not only the monster of Monono lithium, but local battery metals mines, as well as the processing plants for all that ore.... AND a battery manufacturing plant run with the expertise of CATL involved?
That would be quite a valuable company to hold shares in.
@thegh0stwithin , do you have any references to the times that Nige has mentioned "something bigger"?
I can only recall it being mentioned once.
Thanks mate.
This afternoon once I have everything else out of the way I will watch through some of the historical presentations and see if I can find any further discussion he clearly references.
investinvest
Regular
Sounds like DRC are tired of getting ripped off. (old news but new article)
MINING.com: Giant Congo cobalt mine exports at risk as investors feud - MINING.COM.
Giant Congo cobalt mine exports at risk as investors feud
An intensifying feud between shareholders of the Tenke Fungurume mine may lead a court-appointed administrator to block its exports of copper and cobalt.
Two examples of Chinese company hypocrisy on show:
(1)
“No other person has the right to interfere with TFM’s operations,” Zhou said. “Letters from the so-called provisional administrator, without the approval of TFM’s shareholders’ meeting and board of directors, are not binding on TFM and do not represent the will of TFM to external parties.”
Hypocrisy: CMOC does not recognise a legal court-appointed temporary administrator because this action was not approved at a TFM shareholders' meeting and BoD. But Zijin/Jin Cheng objected when AVZ did not recognise an alleged legal decision to approve the Cominiere/Jin Cheng sale as it was not approved at a Dathcom shareholders' meeting and BoD.
(2)
"Bollore said in an email Saturday that it received the temporary administrator’s missive and its position is “in line” with a letter sent Friday by Tenke’s counsel to Congo’s customs agency, which said that Ngoie was not the legal administrator as long as the court’s decision to appoint him was under appeal."
Hypocrisy: CMOC treated the court decision to appoint a temporary administrator as not legal as it is still under appeal. But Zijin/Jin Cheng objected when AVZ treated the alleged court decision for the Cominiere/Jin Cheng sale as not legal as it is still under appeal.
DYOR IMO
3mins 58sec " We've got a lot of support coming from the Minister for Portfolio" Nigel 8/12/21
Something changed her mind . Brown paper bag perhaps ? IMO
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