TDITD
Top 20
Excellent work as per usual frankView attachment 19857
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Just a few more Sleeps peeps
AVZ Discussion 2022
- Thread starter GazDix
- Start date
solo
Regular
Don't you find it's strange that while many local reporters were following Dathomir/AVZ tribunal case, no one was aware of its decision dated 20 September 2022?
We've learnt about this case number (RPA7610 à l cour d'appel d Lushi ds l Haut-Katanga) on 31st August from Kayala Flore tweet. According to her Simon Cong was asking for $50 mil. Last time I spoke to her on WhatsApp on 25th September she confirmed there was no verdict yet. During this time I was also in touch with another reporter who was chasing court ruling and got nothing as well. And then one month later out of the blue...
I have couple of thoughts about this - both negative and positive ones but most realistic one seems to me that DRC Government and AVZ achieved some kind of principal agreement already and Kinshasa ordered to bury this verdict under the tree where this court sits (see below). It seems only very limited number of people knew about it until someone leaked it to Boatman and to cocksucker afr journo (probably Cong).
I'm convinced to think that this problem with Simon Cong will be solved with help of the government. Same relates to ICC case with Zijin. Time works against DRC now. All around the world they are talking non-stop about the leading role of the country in a world's green transition, they already presented new site for a battery plant and they are not that dumb (I hope so) not to understand that they will need an operating lithium mine soon to fulfil all their wet fantasies. If that TV show with Zijin and MoP some time ago was not a fake one then I'm pretty sure DRC will ask Zijin to step away and drop ICC case.
No one can take mine from AVZ. All they can do is to try to starve us out (and in my opinion this is what they were trying to do since May) and make us leave selling asset for peanuts. But it didn't work out and it seems they finally realized that. I know that end of September and October was very busy for Nigel in DRC. I still believe something big is brewing over there and I hope this time DRC government is serious about making things done.
We've learnt about this case number (RPA7610 à l cour d'appel d Lushi ds l Haut-Katanga) on 31st August from Kayala Flore tweet. According to her Simon Cong was asking for $50 mil. Last time I spoke to her on WhatsApp on 25th September she confirmed there was no verdict yet. During this time I was also in touch with another reporter who was chasing court ruling and got nothing as well. And then one month later out of the blue...
I have couple of thoughts about this - both negative and positive ones but most realistic one seems to me that DRC Government and AVZ achieved some kind of principal agreement already and Kinshasa ordered to bury this verdict under the tree where this court sits (see below). It seems only very limited number of people knew about it until someone leaked it to Boatman and to cocksucker afr journo (probably Cong).
I'm convinced to think that this problem with Simon Cong will be solved with help of the government. Same relates to ICC case with Zijin. Time works against DRC now. All around the world they are talking non-stop about the leading role of the country in a world's green transition, they already presented new site for a battery plant and they are not that dumb (I hope so) not to understand that they will need an operating lithium mine soon to fulfil all their wet fantasies. If that TV show with Zijin and MoP some time ago was not a fake one then I'm pretty sure DRC will ask Zijin to step away and drop ICC case.
No one can take mine from AVZ. All they can do is to try to starve us out (and in my opinion this is what they were trying to do since May) and make us leave selling asset for peanuts. But it didn't work out and it seems they finally realized that. I know that end of September and October was very busy for Nigel in DRC. I still believe something big is brewing over there and I hope this time DRC government is serious about making things done.
Frank
Top 20
The warriors called for more results two months before the end of the year (Sama Lukonde)
The Prime Minister urged the ministers to spare no effort to continue carrying out the government's actions planned in the 2021-2023 action program.
The Chief Executive, Sama Lukonde, said so after the mid-term self-assessment of the government's action made during the 74th meeting of the Council of Ministers which he chaired on Friday. October 21, 2022, by videoconference.
He recalled that the government's 2021-2023 action program can be summed up in four sectors, namely: "Politics, justice, defense and security"; Economy and Finance”; "Reconstruction"; “Social and Cultural”.
He insisted on the need for each of the ministers to spare no effort to pursue the implementation of the planned actions, which must materialize the vision of the President of the Republic, that of building a strong, prosperous and united Congo.
He, therefore, urged each minister, as far as he is concerned, to engage in this requirement of results-based management, to identify the actions completely carried out, those in progress and those not yet carried out.
For the head of government, this public management exercise will enable the government to better fulfill its duty of accountability in complete transparency vis-à-vis the people.
It should be remembered that this mid-term self-assessment of the government's actions is being done almost two months from the end of the current year.
mediacongo
*So what's the holdup
Food for thought Felix
The Prime Minister urged the ministers to spare no effort to continue carrying out the government's actions planned in the 2021-2023 action program.
The Chief Executive, Sama Lukonde, said so after the mid-term self-assessment of the government's action made during the 74th meeting of the Council of Ministers which he chaired on Friday. October 21, 2022, by videoconference.
He recalled that the government's 2021-2023 action program can be summed up in four sectors, namely: "Politics, justice, defense and security"; Economy and Finance”; "Reconstruction"; “Social and Cultural”.
He insisted on the need for each of the ministers to spare no effort to pursue the implementation of the planned actions, which must materialize the vision of the President of the Republic, that of building a strong, prosperous and united Congo.
He, therefore, urged each minister, as far as he is concerned, to engage in this requirement of results-based management, to identify the actions completely carried out, those in progress and those not yet carried out.
For the head of government, this public management exercise will enable the government to better fulfill its duty of accountability in complete transparency vis-à-vis the people.
It should be remembered that this mid-term self-assessment of the government's actions is being done almost two months from the end of the current year.
mediacongo
*So what's the holdup
Food for thought Felix
Mr Inappropriate
Regular
First come, first served…
What does that even mean in the context of our ML? That statement is not evidenced through results to date.
Who knows? I'll take whatever feel good snippets are on offer from AVZ lawyer at the moment.
TDITD
Top 20
Umm ahhh hmmm awkward, we are STILL waiting to be served.........only something like a YEAR now. However we have had some very nice words lately, maybe I can feed my kids some nice words for dinner tonight, I may pop down to the local Porsche dealer and buy a Taycan with my newfound nice words.
"Hows your portfolio" -A
"Ahhh mixed bag mate, in the plus but suspended and havent been able to touch for about 24 weeks mate" TDITD
"Christ thats a bugger mate, have you at least got some nice words" -A
"Fuck me mate, recently I've been overflowing with nice words, my portfolio is absolutely teeming with some very nice words" -TDITD
"Mate wtf you complaining about then, those nice words will have you set for life you lucky bastard" -A.
Many/most/if not ALL of us very patient and long-suffering shareholders are somewhat bored/fatigued/disinterested of words now, this may come as a surprise to the BOD but, action would be nice fellas, you know like a whole year of talking and nice words is really undoubtably marvellous, however some of us astonishingly demanding shareholders would now like some tangible results, an outcome even. Its almost as if we are investing to make money and go mining.
Anyhow, back to the nice pretty words fellas, that'll help.
I may throw a couple of "imminents" on the BBQ later, kids will love it
Frank
Top 20
Excellent work as per usual frank
In the first half of 2021, mining royalties in the provinces of Lualaba and Haut-Katanga valued at nearly USD 650 million
The contribution of the mining industry to the economy of the Democratic Republic of Congo (DRC) was strong during the year 2021, welcomed Mr. Louis Watum Kabamba, President of the Chamber of Mines of the Federation companies of the Congo (FEC).
During a press conference organized on Friday, October 21, 2022, at the Fleuve Congo Hotel, in Kinshasa, Mr. Louis Watum indeed indicated that the sum of 647,208,290 USD was paid to the Public Treasury, solely by the mining industry established in the two provinces of the country, namely Lualaba and Haut-Katanga, as mining royalties during the first half of 2021.
For the President of the Chamber of Mines of the FEC, these results demonstrate the rise of mining production with a lot of wealth created.
“It is estimated that 2,106,034 tonnes of copper will be produced in 2022, i.e. a variation of +17.9%. 139,416 tonnes of cobalt produced in 2022 compared to 107,123 tonnes recorded in 2021, i.e. a higher production increase of 30.1%.
Cassiterite ( SnO2 ) production reached an estimated volume of 28,680 tonnes in 2022 against 27,990 tonnes in 2021, i.e. a production increase rate of 2.5%.
At least 31,698 tons of gold were produced in 2022 against 31,903 tons in 2021, which shows a variation of 2.4%. “, noted Mr. Louis Watum Kabamba.
This press conference was organized at the end of the three-day Forum focused on the theme: "Mining activity in the DRC and its challenges: evaluation of the Revised Mining Code of 2018".
During these meetings, several resolutions were adopted in response to the concerns of operators in the mining industry.
"We would like greater collaboration and support from the Government", declared Mr. Louis Watum Kabamba while recalling the need to institutionalize a quarterly consultation platform Government - mining sector; and maintaining efforts to improve the business climate.
According to the Coordinator of the Chamber of Mines, Bernadette Mpundu, this press conference, the fourth of its kind, is an opportunity to dispel all the misinformation conveyed on the Chamber of Mines and restore its image.
"We will never say it enough, the Chamber of Mines, communicates through its press conferences, truthful information on the mining sector, in order to dispel all misinformation conveyed by its detractors and restore the image of the sector to all levels.
At the end of this fourth edition, we are convinced that you will leave here having learned definitively that the mining sector of our country is the lung of the Congolese economy and that the State must play its part in terms of transparency and allocation of funds from our mining industry. “, she said.
Apart from the holding of the Mining Forum, the third quarter of 2022 was marked by important achievements of the Chamber of Mines, including the official release of the National Club of Subcontractors and the organization of the Ordinary General Assembly of the Chamber of Mines.
mediacongo
More Time = Less Wealth for Felix and the DRC atm
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Mate unfortunately for the Chinese we still have a bank full off of cash and will not be intimidated . As for Cong if all he wants is $50mil in total then lets cut a deal before he takes it to Arbitration . As for Zijin's 15% quite frankly I couldn't give a sh1t as long as we have 51% control .
Agree 100%.
Would add that I would bet a pound to a penny (that's the Pom in me) that AVZ has been mustering support at a national/international level possibly via Oz government.
The yanks want this and would be involved.
It's just something that will remain unspoken, at least for now.
Are your balls still wedged in the drawer ?Umm ahhh hmmm awkward, we are STILL waiting to be served.........only something like a YEAR now. However we have had some very nice words lately, maybe I can feed my kids some nice words for dinner tonight, I may pop down to the local Porsche dealer and buy a Taycan with my newfound nice words.
"Hows your portfolio" -A
"Ahhh mixed bag mate, in the plus but suspended and havent been able to touch for about 24 weeks mate" TDITD
"Christ thats a bugger mate, have you at least got some nice words" -A
"Fuck me mate, recently I've been overflowing with nice words, my portfolio is absolutely teeming with some very nice words" -TDITD
"Mate wtf you complaining about then, those nice words will have you set for life you lucky bastard" -A.
Many/most/if not ALL of us very patient and long-suffering shareholders are somewhat bored/fatigued/disinterested of words now, this may come as a surprise to the BOD but, action would be nice fellas, you know like a whole year of talking and nice words is really undoubtably marvellous, however some of us astonishingly demanding shareholders would now like some tangible results, an outcome even. Its almost as if we are investing to make money and go mining.
Anyhow, back to the nice pretty words fellas, that'll help.
I may throw a couple of "imminents" on the BBQ later, kids will love it
FilthyRich2
Regular
At last Roadshows in 2021 and in 2022 (called prior to roadshow cancellations) there was a private discussion of a surprise twist for shareholders which was never disclosed in its exact nature. (AVZ not to be a one trick pony discussion , and diversification many of you heard) (positive outcome even before the concerns that have arisen in last 6 months)
The government through their actions seem to be building up to that event (my guess , pure speculation)
I think we will get a bit more of the action than we bargained for (which will blow out estimates made by Con Garlas)
Further clues are in the article below, why would Julien be stating this in the press.
My thoughts are
-Larger Processing Plant than imagined
-Rail infrastructure to be fast-tracked
-We have a share of an interest in a Hydroxide plant (perhaps more than one if Europe is engaged)
-Plan B was always CDL for redevelopment (but as a last resort , I think we do not need that Plan B unless a major player makes an offer just to do a JV with CDL)
The costings below are rather specific for Julien to quote, for battery plant I think they have researched further and realised this project can be made to a larger scale very quickly. (my speculation). The discussions on ownership are just noise, which is already determined in outcome by DRC Goverment, just not actioned yet unfortunately.
Article link below
actualite.cd
The work of the 8th edition of Rebranding Africa Forum ended on Friday 21 October 2022 at the Parliament of the Wallonia-Brussels Federation in Belgium. Focused on the implementation of investment attraction strategies by African countries, the Democratic Republic of Congo was represented by its Minister of Industry Julien Paluku Kahongya.
On this occasion, Julien Paluku shared the experience of the Democratic Republic of Congo on the process of installing a first plant for the manufacture of electric battery precursors in the province of Haut-Katanga and setting up Special Economic Zones that offer tax, para-fiscal and customs benefits to investors, by developing his country's Master Plan for Industrialization valued at 58.4 billion US dollars.
He continued:
The government through their actions seem to be building up to that event (my guess , pure speculation)
I think we will get a bit more of the action than we bargained for (which will blow out estimates made by Con Garlas)
Further clues are in the article below, why would Julien be stating this in the press.
My thoughts are
-Larger Processing Plant than imagined
-Rail infrastructure to be fast-tracked
-We have a share of an interest in a Hydroxide plant (perhaps more than one if Europe is engaged)
-Plan B was always CDL for redevelopment (but as a last resort , I think we do not need that Plan B unless a major player makes an offer just to do a JV with CDL)
The costings below are rather specific for Julien to quote, for battery plant I think they have researched further and realised this project can be made to a larger scale very quickly. (my speculation). The discussions on ownership are just noise, which is already determined in outcome by DRC Goverment, just not actioned yet unfortunately.
Article link below
Belgique - 8e édition de Rebrading Africa Forum: Julien Paluku appelle les pays africains à mutualiser les forces pour quitter l'étape des économies des importations à la transformation locale des ressources naturelles
Les travaux de la 8e édition de Rebranding Africa Forum se sont clôturés vendredi 21 octobre 2022 au Parlement de la Fédération Wallonie Bruxelles en Belgique.
The work of the 8th edition of Rebranding Africa Forum ended on Friday 21 October 2022 at the Parliament of the Wallonia-Brussels Federation in Belgium. Focused on the implementation of investment attraction strategies by African countries, the Democratic Republic of Congo was represented by its Minister of Industry Julien Paluku Kahongya.
On this occasion, Julien Paluku shared the experience of the Democratic Republic of Congo on the process of installing a first plant for the manufacture of electric battery precursors in the province of Haut-Katanga and setting up Special Economic Zones that offer tax, para-fiscal and customs benefits to investors, by developing his country's Master Plan for Industrialization valued at 58.4 billion US dollars.
He continued:
Taking advantage of the forum of this forum which brought together representatives of African countries, entrepreneurs and technical and financial partners from other continents, the Minister of Industry called on the countries of the black continent to mutualize to transform the economies of imports to local processing economies of natural resources.
For Julien Paluku, speaker at this forum, the lack of infrastructure and energy in this country are opportunities that investors should seize.
This older post from TDITD still very relevant . Sorry mate for revisiting but it's a classic .
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It would be the last trading day, representative of the market value at the date of death.
But - you only get the market value cost base uplift if the shares were held pre-cgt by the deceased. If for whatever reason the shares were held pre CGT in the company owned by the deceased, then that would have a whole heap of other tax consequences.
If the deceased held the share post CGT - then you inherit their original cost base.
There's a bit of tax planning that you can do around this scenario (depending on the will and the intentions of the executor/beneficiaries )
Sparrowhawk12
Regular
Thanks Rich for sharing your wisdom. I needed that. Holding strong.At last Roadshows in 2021 and in 2022 (called prior to roadshow cancellations) there was a private discussion of a surprise twist for shareholders which was never disclosed in its exact nature. (AVZ not to be a one trick pony discussion , and diversification many of you heard) (positive outcome even before the concerns that have arisen in last 6 months)
The government through their actions seem to be building up to that event (my guess , pure speculation)
I think we will get a bit more of the action than we bargained for (which will blow out estimates made by Con Garlas)
Further clues are in the article below, why would Julien be stating this in the press.
My thoughts are
-Larger Processing Plant than imagined
-Rail infrastructure to be fast-tracked
-We have a share of an interest in a Hydroxide plant (perhaps more than one if Europe is engaged)
-Plan B was always CDL for redevelopment (but as a last resort , I think we do not need that Plan B unless a major player makes an offer just to do a JV with CDL)
The costings below are rather specific for Julien to quote, for battery plant I think they have researched further and realised this project can be made to a larger scale very quickly. (my speculation). The discussions on ownership are just noise, which is already determined in outcome by DRC Goverment, just not actioned yet unfortunately.
Article link below
Belgique - 8e édition de Rebrading Africa Forum: Julien Paluku appelle les pays africains à mutualiser les forces pour quitter l'étape des économies des importations à la transformation locale des ressources naturelles
Les travaux de la 8e édition de Rebranding Africa Forum se sont clôturés vendredi 21 octobre 2022 au Parlement de la Fédération Wallonie Bruxelles en Belgique.
The work of the 8th edition of Rebranding Africa Forum ended on Friday 21 October 2022 at the Parliament of the Wallonia-Brussels Federation in Belgium. Focused on the implementation of investment attraction strategies by African countries, the Democratic Republic of Congo was represented by its Minister of Industry Julien Paluku Kahongya.
On this occasion, Julien Paluku shared the experience of the Democratic Republic of Congo on the process of installing a first plant for the manufacture of electric battery precursors in the province of Haut-Katanga and setting up Special Economic Zones that offer tax, para-fiscal and customs benefits to investors, by developing his country's Master Plan for Industrialization valued at 58.4 billion US dollars.
He continued:
Taking advantage of the forum of this forum which brought together representatives of African countries, entrepreneurs and technical and financial partners from other continents, the Minister of Industry called on the countries of the black continent to mutualize to transform the economies of imports to local processing economies of natural resources.
For Julien Paluku, speaker at this forum, the lack of infrastructure and energy in this country are opportunities that investors should seize.
Remark
Top 20
Yep, It's been that way for a few months.
TDITD
Top 20
My response to someone on the Crapper about going down to 36%.
"Will never be 36% . AVZ would ditch the Cath deal and find a new partner and retain majority . DRC gov must retain minimum 10% . So in that worst case AVZ 60% China 30% DRC 10% . AVZ then pull in another partner and still retain majority . I am sure the AVZ team have back up plans . We are in the box seat regardless . " wombat74
"Will never be 36% . AVZ would ditch the Cath deal and find a new partner and retain majority . DRC gov must retain minimum 10% . So in that worst case AVZ 60% China 30% DRC 10% . AVZ then pull in another partner and still retain majority . I am sure the AVZ team have back up plans . We are in the box seat regardless . " wombat74
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Thanks
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