***URGENT UPDATE*** NONE OF US HAVE A BLOODY CLUE WHATS GOING ON! Bring on the avz asx announcements! pineapples at the ready! Maximize our shares ye b#*tards
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Here here! Some people need to cool the beans! We've no idea what's going on I'm sure NF and the team have been working their arses off! It's in their interests too! "Avz have good legal title" have a beer or a spliff chill out and hold onThere is more rumour spreading and gum flapping in here than a CWA hall, and nowhere near as many scones.
At least most of it is semi-amusing but I think the lack of forth-coming information is doing some peoples heads in. Hopefully no-one in here is in deeper than they can handle, but based on some of the panicked comments this may not be the case...
Just sit back and crack a VB knowing that the next possible delay is imminent.
Thing is..... I don't think if it happens it would work that way
Might be a vote and guidance from the board and yada yada yada but IF it's a TO I think it will be ....righto all you AVZ fuckers we're giving you a buck fiddy for the lot take it or leave it
Personally I don't want a TO
An enforced effective sell on my part crystallizes all profits and fuggers me royally in one financial year
I got bigger and more flexible returns I'm lookin' for on this on
My taxi driver said the AGM is booked for Nov 1st (Anthony Kiedis' birthday)
However I suspect there may be a 2 week extension to the meeting date...
Extra points for the Letterkenny reference2022 word of the year: imminent
All things considered including the things we don’t know yet
pitter patter, let’s get at er
I remember around this time last year someone on the crapper asking if anyone could imagine the AGM without AVZ having the mining license.They should put it on zoom
*Ditto Bro, Well said, Nice to hear from you as wellI personally don’t mind takeover talk, even better a bidding war between multiple parties showing their hand would be beneficial to the SP.
We can decline cheap offers & AVZ moves forward with mine development.
If a TO bid was put forward before we resume trading once the ML was awarded for $1.50 we sure as hell wont be trading at 78c.
Personally I’d take $2.50 and walk away from this DRC shit show now even knowing it’s worth many times that value once in production.
I’ve still got no idea how this thing will trade once it opens even if we come through with all the boxes ticked.
Many holders must be mentally drained from this whole debacle.
It is encouraging though to see the large increase in market caps on other lithium stocks.
I’m disgusted the way AVZ & Nigel has been treated by the DRC, watching us falling out of the ASX 200 with these delays, destroy our planning & timelines with another 5+ months of delays waiting for CAMI to sign off on the ML but instead some moron decides to try & illegally cut our tenements.
Is this how you treat a genuine brown paper bag free business partner?
Doesn’t really reward good behaviour or send much of a message to the rest of the world does it?
How can it take this long for high level government officials to sort out this clown at CAMI with so much at stake for the DRC?
First of all, welcome GRASSSEEDS to AVZ TSE forum !I sense that we have a discussion going on where we have comments on what is a possible result and what is a probable result. Yes, it is possible that all our dreams will come true and AVZ will obtain 90% of the project and onsell 24% to Cath and then go mining. One of the other probable alternatives is that AVZ will be forced to compromise on its options and accept a less favourable outcome.
AVZ is a small company, with limited capacity, limited experience, and no track record of operating a mine in DRC. On the other hand, there are numerous Chinese companies already operating in the DRC. The Chinese have invested billions, have networks of influence, and are prepared to pay to get what they want. We should all be able to see that trying to get what we believe are contractual rights processed, is difficult to achieve in the DRC environment.
I am assuming that AVZ is having difficulty in getting approval for the total area they appear to be entitled to. I suspect that this is the reason for the suspension. AVZ by being in suspension has benefits which include limits to short selling and helps to puts pressure back on the DRC officials to fix the problems. AVZ need to remain in suspension until they get at least the ML.
AVZ is now fighting on many fronts to stop the possible claim jumpers. I assume that Tantalex is pushing for access to not only surface rights to the dumps of material, but also arguing for total access to this area as well. One of their arguments will be that AVZ has more area than they can use now, and Tantalex can quickly get another mine in operation which will be a major benefit to DRC.
Klaus Ekhoff has many contacts ( including probably the ones he used to get AVZ's initial area ) and he will also be pushing for access to good Lithium areas.
Zijin will be making offers to support Tantalex or Klaus etc. Saving face is important to the Chinese and with their access to large amounts of capital, it is highly probable that they will be making takeover offers.
We also now have at least the Americans trying to get in the game. It would make sense if they could take a part of AVZ ( who will need the capital and also to dilute the large Chinese shareholding already in AVZ)
AVZ has outstanding problems such as the Dathomir issue, the Zijin arbitration, and CAMI playing hardball in finalising the ML. All of these problems could take some further months to complete.
AVZ has been waiting for about 12 months to try and get the ML. This by itself indicates that AVZ does not have the clout in the DRC to get these problems quickly sorted. Will CATH's involvement, or perhaps some European or American support help to eliminate the logjam?
I see the possibility that CATH may step in to assist AVZ in sorting out Dathomir to get their 24% finalised and AVZ holding 51%.
Only the DRC can sort out the ML and AVZ's land area. The comments about the Europeans and Americans with regard to cleaning up corruption before they invest should be positive for AVZ's claims.
With AVZ the David in the fight against Goliath, I suspect that we will have many more twists and turns before the dust settles.
My impression is that the project possibilities are so big that AVZ will be under constant pressure to sell its share in the project. With a large Chinese shareholding in AVZ, any official takeover offer by a Chinese company will be well supported.
Like all long-term shareholders, I would prefer AVZ to stay with the project and maximize shareholders returns. However, with a red hot lithium market, I expect some compromises which will reduce potential returns.
Best of luck to all.
*Ditto Bro, I concur, especially as you say ( They should be as rich as WA )First of all, welcome GRASSSEEDS to AVZ TSE forum !
" I expect some compromises which will reduce potential returns "
I can tell ya...........the world is watching this cluster fuck with AVZ / DRC / ZIJIN......
If we ( AVZ ) have to compromise what is rightfully ours..............then any hope of DRC dragging in foreign investment other than China, is DOOMED.
Despite 30 ++yrs of China " investment " + corruption in DRC .........how is the countries finances going ?
Fucked.........they should be as rich as WA.
Felix and his regime has a once in a life time opportunity to turn the wheel............clean up the scum that betrayed their people by stealing via brown paper bags, send a message to China that proper protocol regards to future investment is required to realise the true worth for DRC.
Felix needs to make a statement on both of those fronts, he also needs to convince his own people that he is a DOER not a TALKER......or he will not win the next election, then the country is completely fucked.
What better statement to make by granting AVZ whats rightfully theirs, jail the corrupt perpertrators within the DRC Govt, give the bird to ZIJIN, tell Eckhoff to fuck off , grant the SEZ, grant the ML and get construction of ROCHE DURE done ASAP , which in turn will get the ball rolling to fulfill the BATTERY HUB dream.
Then , everyone will take Felix seriously, the common folk will believe, the foreign community will believe and China will have no choice but to be above board or................... miss out.
DRC will then thrive.
Time is running out Felix, IGF report is CLEAR, next election is 2023, the time to act and make a statement to the world........is NOW!
imo
F T has been exactly what you have suggested but with the backing of the legal system.First of all, welcome GRASSSEEDS to AVZ TSE forum !
" I expect some compromises which will reduce potential returns "
I can tell ya...........the world is watching this cluster fuck with AVZ / DRC / ZIJIN......
If we ( AVZ ) have to compromise what is rightfully ours..............then any hope of DRC dragging in foreign investment other than China, is DOOMED.
Despite 30 ++yrs of China " investment " + corruption in DRC .........how is the countries finances going ?
Fucked.........they should be as rich as WA.
Felix and his regime has a once in a life time opportunity to turn the wheel............clean up the scum that betrayed their people by stealing via brown paper bags, send a message to China that proper protocol regards to future investment is required to realise the true worth for DRC.
Felix needs to make a statement on both of those fronts, he also needs to convince his own people that he is a DOER not a TALKER......or he will not win the next election, then the country is completely fucked.
What better statement to make by granting AVZ whats rightfully theirs, jail the corrupt perpertrators within the DRC Govt, give the bird to ZIJIN, tell Eckhoff to fuck off , grant the SEZ, grant the ML and get construction of ROCHE DURE done ASAP , which in turn will get the ball rolling to fulfill the BATTERY HUB dream.
Then , everyone will take Felix seriously, the common folk will believe, the foreign community will believe and China will have no choice but to be above board or................... miss out.
DRC will then thrive.
Time is running out Felix, IGF report is CLEAR, next election is 2023, the time to act and make a statement to the world........is NOW!
imo
Plot twist; CDL tenement rights been taken off the DRC website because Nigel had it successfully removed under the joint venture and has now applied directly under AVZ Minerals.
What a dream that was