AVZ Discussion 2022

[Chase]

Zijin made an offer of US$33 million, illegally, AVZ made legally a fair and far superior offer.
What does the princess and Zijin try now??
An Auction, after a fraudulent manoeuvre costing everybody including the DRC and AVZ millions of dollars?

Why aren't these clowns locked up in jail?

Just curious.
What was AVZ's offer?.

 

[The Fox]

Like Cruiser said, Zijin have made their offer and AVZ have made theirs.

Good point, yet I suspect the two previous offers will not be compared or assumed as formal under the pre-emptive rights for the additional 15%.

Things can play out a few different ways if there is a significant offer from Zijin for the 15% in question. (That AVZ has pre-emptive rights on.)

AVZ can decide to match the offer by going to the market to raise the required funds or offering a more exotic deal to secure the 15% if the board believe the offer from Zijin is worth matching/beating. (I'd say Zijin only have a copy of the old (2021) DFS BTW)

If AVZ secures this 15% it will incerase its ownership of Dathcom from 51% to 66% (assuming starting point is 51% post completion of deal with CATH)

As already mentioned, if Zijin make a significant offer of X for the 15% (that appears to be above market odds at the time), then this will put a rocket up the SP IMO which will of course make it more cost affective to raise any funds in the near term needed to execute the pre-emptive rights option and secure the 15%.

It will all come down to whether Zijin actually makes an offer, (we shall see) all fine and well for Zijin to make these statements when the cameras are on them, yet this may change to an alternate strategy / focus in the DRC on other sites or maybe a full take over offer of Dathcom is tabled or something else that is yet to surface.

One thing for sure is AVZ is in control of the project and is the majority owner of Dathcom, irrelevant of whether they acquire the additional 15% or not.

In short, AVZ is in the box seat!!! I'm sure Nigel and co are now enjoying the face saving show put on by Zijin considering the issues they have caused AVZ to date.

Cheers The Fox

 

[wombat74]

The DRC gov are giving Zijin an out . DRC can't afford to black list Zijin but at the same time have to be seen to hold up the law . IMO.

 

[tonster66]

Correct me if I am wrong (I know you will) but doesn't AVZ have the first right of refusal? This suggest that Cominiere puts a price on the 15% which AVZ can either take it or leave it.
I am sure that Nigel has stated in ANN's that they have been working with the government to gain the extra 15%. So, the cost for the 15% that Nigel has mentioned could be what has been agreed upon.
We shall see. IMO only.

 

[Doc]

Correct me if I am wrong (I know you will) but doesn't AVZ have the first right of refusal? This suggest that Cominiere puts a price on the 15% which AVZ can either take it or leave it.
I am sure that Nigel has stated in ANN's that they have been working with the government to gain the extra 15%. So, the cost for the 15% that Nigel has mentioned could be what has been agreed upon.
We shall see. IMO only.

It means that AVZ have the right to match/better any offer that another party make. There is no set price. AVZ match it or walk away from the 15%

 

[MoneyBags1348]

For too long shareholders had lost faith in Nigel, now he’s sneaking out photos of the latest drill core samples and photos of him shaking hands with leaders of other African states who are forming an alliance to upgrade transport routes for Manono’s lithium and the battery manufacturing hub on the border with Zambia. All along Nigel has said he has been having positive talks and support from Felix’s government, and although I don’t know what’s going on there, my thoughts are that Felix will have the Inspector General of Cominiere charged and won’t allow the communist monkey’s another bite at our cherry Felix knows AVZ will make the DRC billions and has already witnessed Zigin’s corruption, just my view but either way, we are as @The Fox said “in the box seat”

 

[CHB]

Could be DRC playing their cards now - they know AVZ offer, could potentially fish for a better Zijin offer and at the end they profit.

I do like how AVZ has offered shares in the company, even better if it was escrowed for a few years. I think that's a great move by Nigel as it means the DRC fortune is tied amongst our own and helps to protect us through the next election.

 

[Ev100x]

IMO it boils down to a battle between Zijin and CATL. Whatever Zijin offers (assuming much higher than what AVZ offers), just need CATL to agree to match. If CATL can match, then CATL 24%. If CATL won't match, CATL 9% and Zijin 15%. In any case, AVZ 66% in the end.

Let's move it as quick as possible.

 

[Frank]

*To Remind, Toot Toot - Tanzania here we come, as

Bilateral cooperation DRC - Tanzania: Felix Tshisekedi expected in Dar-Es-Salam

President Félix Tshisekedi is expected in the coming days in Tanzania, according to a press release from the Presidency of the Republic published this Friday, August 19.

Indeed, at the end of the 42nd Sadc summit held from August 17 to 18 in Kinshasa, Tanzania expressed its intention to strengthen bilateral cooperation in several areas with the Democratic Republic of Congo.

Present at these meetings, the President of the United Republic of Tanzania, Samia Suluhu Hassan, extended her stay in Kinshasa for an official visit to her counterpart Félix Antoine Tshisekedi Tshilombo.

Received at the City of the African Union in a face-to-face meeting of nearly four hours, President Suluhu Hassan revealed the areas in which the two countries would like to collaborate closely.

These are the areas of trade, investment, infrastructure, finance, energy, education, defence, security and immigration.

According to the joint communiqué which sanctioned their meeting, "the two Heads of State stressed the importance of infrastructure development projects and the need to increase cooperation in the construction of road and rail infrastructure in order to further facilitate trade. between the two countries."

In this regard, the two Heads of State welcomed the progress of the road project from Dar-Es-Salam to Mwanza and Kigoma,
which will connect the DRC and Burundi through Musongati, Bujumbura, Uvira and up to Kindu, they said.

In the financial field, Tshisekedi and his counterpart from Tanzania noted with satisfaction the imminent opening of the Tanzanian Bank CRDB in Lubumbashi and Kinshasa.

Experts from both countries are working hard on the agreements which will be signed soon in Tanzania in the presence of the two Heads of State.

In the meantime, the third meeting of the Permanent Mixed Commission is convened in mid-September to discuss the effective implementation of the agreed areas of cooperation.

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*Not Only does Tanzania & CATL want a slice of the Monster DRC EV Lithium Battery Pie, but Angola and Botswanna want closer ties, as

The 42nd SADC Summit: AfDB to disburse USD 250 million for the construction of the Angola-DRC corridor

The holding of the 42nd Summit of Heads of State and Government of the Southern African Development Community, will have been a boon for the consolidation of economic cooperation between the Democratic Republic of Congo and the Republic of Angola .​

As proof, Bajabulile Swazi Tshabalala, vice-president in charge of finance of the African Development Bank (AfDB) group, announced funding of 250 million US dollars from her institution as part of its participation in the economic construction project of the DRC-Angola corridor.

This announcement was made by the services of the Ministry of Finance, following an interview that Bajabulile Swazi Tshabalala had with Minister Nicolas Kazadi, on Thursday August 18, 2022, as part of the 42nd Summit of Heads of State and Government of the Southern African Development Community (SADC), held in Kinshasa.

The Ministry of Finance says that this envelope will be used to carry out the first phase of the DRC-Angola corridor, which includes the Mbuji-Mayi-Kananga section in Kasai Oriental and Kasai Central in the DRC.

It is said, 185 kilometers to be asphalted, including the roads of Mbuji-Mayi, Kananga, Kabeya-Kamuanga and Munkamba.

Our sources inform that Bajabulile Swazi Tshabalala said that the SADC Secretariat is working closely with the AfDB to ensure that all projects are improved.

The other aspect, she said, relates to the development of the legal framework for going from one country to another and crossing borders for the different projects.

In addition, she reiterated the availability of the AfDB to support projects in the DRC which are in line with the priority projects of her institution.

According to her, there are several priority projects for which the DRC can count on the ADB, among others what is described as five priority projects, including those relating to the development of regional integration, energy and education, especially the energy sector.

The exchange with Nicolas Kazadi allowed Bajabulile Swazi Tshabalala to understand the vision of the DRC in different sectors.

With particular regard to the Angola-DRC corridor, the area of influence includes the provinces of Sankuru, Lomami, Kwango, Kwilu, Maniema, Lualaba and Haut-Katanga, which constitute the points of departure or destination of internal trade and/or or outside in the DRC.


*To Remind,

*To Remind,

Food for thought

Frank

 

[Samus]

Anyone got a translation for Joe's video here?

 

[Samus]

Anyone got a translation for Joe's video here?

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Ah yes I see, just catching up after a day out.

Basically what Franck said.

Hopefully see some sort of action this week without too much more fart-arsing around.

 

[LOCKY82]

Things looking good again, first time I've felt slightly more comfortable in a while definitely need to keep the pressure on all these weasels though.

Also looks like Nellie did know something after all!?!?

Thank you Nellie for the heads up and putting up with some criticism here. A lot of people on edge.

Go AVZ GO!!!

 

[cruiser51]

Things looking good again, first time I've felt slightly more comfortable in a while definitely need to keep the pressure on all these weasels though.

Also looks like Nellie did know something after all!?!?

Thank you Nellie for the heads up and putting up with some criticism here. A lot of people on edge.

Go AVZ GO!!!

 

[cruiser51]

View attachment 14628

 

[Bin59]

 

[Uglybob]

I'd say Nigel has done a good job of keeping his powder dry, and is a firm believer of the saying 'Wolves don't concern themselves with the problems of sheep'.

Getting into an argument with Z wouldn't have helped. He had his response all prepared, t's crossed, I'd dotted, formatted and in a nice shiny binder ready to deliver to whomever needed it and put them back in their place.

He may not keep everyone abreast of what's happening, but it always seems to happen (eventually, or should that be imminently?).

 

[Bin59]

If the AVZ lawyers are saying “Zijin is out” it sounds like there will be no further offers or interference/challenges from them

 

[Bin59]

If the AVZ lawyers are saying “Zijin is out” it sounds like there will be no further offers or interference/challenges from them

I agree with

 

[LOCKY82]

So would it be right in saying that we need to clear up dathomir and northern tenements issues before we trade? Or do we also need more confirmation this Zijin nightmare has definitely been put to bed?

 

[TDITD]

1. Zijin offer $300 million for 15%. DRC say wow that’s a great offer thank you so much, oh hang on a moment….oh dear would you look at this IGF report we found. So you actually value it at $300 million but you only wanted to pay $33 million, well looks like we are going to be laying charges for your law breaking BS

2. Zijin offer $300 million for 15%. CATL realise that 15% was actually supposed to be theirs so know they will now only get a possible 9% from AVZ. CATL then offer $350million plus will pay DRC govt share in Dathcom to develop the mine.

3. I take a syringe load it with acid and proceed to inject it into both eyes