AVZ Discussion 2022

[Chilla]

G’day Chilla, I’m mostly replying because I want to be able to find your post easily down the track after more pages in this thread turnover.

What I will add is that exceptional drill assays are waiting in the wings, leading to a big increase in the updated DFS (or BFS) for RD alone, and I believe our share price when it reached $1.30 was based on RD so even though everything you say is true, we would still be worth many $Billions on RD alone.

Now I’m off to bed 🥹

Hey MB, I agree that previous high was based on RD alone. The potential value of CDL is just as much, so AVZ holders are entitled to that as well. But if AJN are successful in stealing it, then the only AVZ holder who will benefit is Nige….no one else….hence the major conflict of interest if Nige doesn’t dispose of his AJN holdings immediately and sever ties with those associates of AJN with whom he has relations with….part of the companies Corporate Governance policy as well and condition of being a director.

 

[Roon]

Hmmmm, great analysis as always @Chilla
So the question remains “ why did Nigel at the Perth RS state he didn’t care about the north?” He was prepared to give up!!!!!!!!

All those there heard those very words and I placed them in my notes.

The other plausible answer of course would be that he was aware that we would stand a strong chance of losing this tenement, having been engaged with CAMI these last months during their negotiations with AJN, and that he was seeking to soften the potential blow. The sudden statement that CDL in the north isn't worth it because of high Mica content, out of nowhere after having always touted it, would also fit this scenario.

Not saying its the case, but IMO it's a possibility.

 

[TDITD]

I have just put this on the crapper in response to Obe and my opinion of Nigel’s conflict of interest with his AJN shareholding and the fact he resigned from AJN on 8 May the day before AVZ went into perpetual suspension due to issue of ML and PE area….which now appears to be directly related to the move by AJN imo

“
It does in fact matter imo and there needs to be more explanation on what Nigel will do with these AJN shares and Options as he is a substantial holder of AJN with about 10% of the company.

If …. And I stress if…..AJN are successful in stealing the north of the PE 13359, being the majority of CDL with an exploration target of 400-600 million tonnes at 1.7% ….and likely larger than that….then two things happen:

1. AVZ and it’s shareholders lose about 50% of its potential value. So Nigel owns about 1.5% of AVZ, if AVZ lose half of PE 13359, then his value of 13359 will reduce to 0.75% of AVZ’s current value. It means my value of AVZ holding in 13359 will also be half of what it potentially could have been…..as will every other shareholders value.

2. AJN and it’s shareholders will gain the 50% of 13359 that AVZ has lost. On the basis Congo Ressources will own 60% of AJN, then AJN shareholders will own 40% of the illegally acquired 50% of 13359. So doing some back of the fag packet numbers, Nigel’s ownership of the northern section under his AJN shareholding becomes 10% x 40 = 4%. Therefore Nigel’s beneficial interest in the total of 13359 becomes 0.75% + 4% = 4.75%.

So….via Nigel’s holding in AJN,if they are successful in stealing the northern CDL section, his beneficial interest in PE 13359 goes from currently 1.5% under AVZ control……to 4.75% under control of AVZ in the south and AJN in the north…..an increase of over 300% in ownership ofE13359. Meanwhile my beneficial interest and every other AVZ shareholder has reduced by 50% in 13359.

Now whilst I believe Nigel is fighting tooth and nail for AVZ, his holding in AJN is an absolute conflict of interest for AVZ shareholders.

So Nigel needs to dispose of his AJN shareholding in whatever manner asap. I think he also needs to publicly sever ties with Klaus, Peter Huljich and Mark Gasson with whom he shares relationships in other DRC companies and who also all apparently share links with Simon Cong in AJN and ANL.

I support Nigel but he needs to get his house in order and quickly imo.

All imo of course.”

This is bang on imo. Agreed with all, been boring my wife with it over last two nights.

I’m of the same mind that Nigel has been fighting tooth and nail with the many fronts we are being attacked from. CDL was taken from us, this is straight theft.

But and it’s a BIG but, this is undeniably a massive conflict of interest, if AJN get CDL Nigel’s 9.65% in AJN becomes worth a whole lot more than their current $37mil MC, his pockets are lined once more. Meanwhile we get screwed over on a 600MT 1.6% prospective resource, that’s just too fucking big to give a throw away comment of oh “high mica” (first we’ve ALL heard of that gem too, a little suspicious).

Nigel must have known this was the plan, he was still there ffs when the MOU with DRC was signed. Klaus has likely already sold this off via Cong to Zijin, I imagine MOP gets her cut too (maybe she can buy another dress).

So much bullshit is flying around, all we can do is wait and see.
Klaus fEckhof is a high caliber shit-weasel so won’t be losing to much sleep over anything that cretinous meat sack ‘claims’.

IMO anything less than CDL remains ours is not acceptable.

 

[Onthefm]

The other plausible answer of course would be that he was aware that we would stand a strong chance of losing this tenement, having been engaged with CAMI these last months during their negotiations with AJN, and that he was seeking to soften the potential blow. The sudden statement that CDL in the north isn't worth it because of high Mica content, out of nowhere after having always touted it, would also fit this scenario.

Not saying its the case, but IMO it's a possibility.

I think all that has been written hear regarding conflict of interest is on the money. The problem is we definitely don't want some prick from asx or anyone else putting the nige on the side lines and jeopardising the ml. If no ml we have zero. Let's just cop it sweat get ml flog the fucken thing to the highest bidder all walk away with a reasonable quid no dividends on this one but mybe the next. Fucken sight better than fuck all. Imo

 

[TDITD]

Hmmmm, great analysis as always @Chilla
So the question remains “ why did Nigel at the Perth RS state he didn’t care about the north?” He was prepared to give up!!!!!!!!

All those there heard those very words and I placed them in my notes.

Yep I see this topic will be visited in Brisbane

 

[Onthefm]

I think all that has been written hear regarding conflict of interest is on the money. The problem is we definitely don't want some prick from asx or anyone else putting the nige on the side lines and jeopardising the ml. If no ml we have zero. Let's just cop it sweat get ml flog the fucken thing to the highest bidder all walk away with a reasonable quid no dividends on this one but mybe the next. Fucken sight better than fuck all. Imo

The other thing is rd with a ml is a ready to mine salable asset. Cdl needs another 18 months 2 years of drilling, bfs and all the other bulshit that go's into getting it to the rd stage. Do you want to go through all this crap for another 2 bloody years. Not me anyway.

 

[TDITD]

I think all that has been written hear regarding conflict of interest is on the money. The problem is we definitely don't want some prick from asx or anyone else putting the nige on the side lines and jeopardising the ml. If no ml we have zero. Let's just cop it sweat get ml flog the fucken thing to the highest bidder all walk away with a reasonable quid no dividends on this one but mybe the next. Fucken sight better than fuck all. Imo

Well we also have that story from the Perth roadshow where AVZ were told Felix ordered AVZ to cede the CDL area then once Nigel meets Felix he knows fuck all about it ….classic Mupande move no doubt.

One may posit Felix would be so pissed off about this he’d give CDL back to AVZ to right wrongs and also show he is in charge. While hopefully firing some bastards.

 

[TDITD]

The other thing is rd with a ml is a ready to mine salable asset. Cdl needs another 18 months 2 years of drilling, bfs and all the other bulshit that go's into getting it to the rd stage. Do you want to go through all this crap for another 2 bloody years. Not me anyway.

I want to go through the building of the mine, the expansion, the shitty hydroxide plant JV, the painful dividends.

An then maybe as it’s second time around and we are liked now as we are bringing in the $$ an expidited drilling program, DFS, an secondary mine on CDL, with a yank partner this time IF we want a partner.

I’m not going to bail once the sunshine is about to come out.

 

[Onthefm]

I want to go through the building of the mine, the expansion, the shitty hydroxide plant JV, the painful dividends.

An then maybe as it’s second time around and we are liked now as we are bringing in the $$ an expidited drilling program, DFS, an secondary mine on CDL, with a yank partner this time IF we want a partner.

I’m not going to bail once the sunshine is about to come out.

Well that's what's so great about people mate everyone wanting and doing different things cheers.

 

[smileatme]

I have just put this on the crapper in response to Obe and my opinion of Nigel’s conflict of interest with his AJN shareholding and the fact he resigned from AJN on 8 May the day before AVZ went into perpetual suspension due to issue of ML and PE area….which now appears to be directly related to the move by AJN imo

“
It does in fact matter imo and there needs to be more explanation on what Nigel will do with these AJN shares and Options as he is a substantial holder of AJN with about 10% of the company.

If …. And I stress if…..AJN are successful in stealing the north of the PE 13359, being the majority of CDL with an exploration target of 400-600 million tonnes at 1.7% ….and likely larger than that….then two things happen:

1. AVZ and it’s shareholders lose about 50% of its potential value. So Nigel owns about 1.5% of AVZ, if AVZ lose half of PE 13359, then his value of 13359 will reduce to 0.75% of AVZ’s current value. It means my value of AVZ holding in 13359 will also be half of what it potentially could have been…..as will every other shareholders value.

2. AJN and it’s shareholders will gain the 50% of 13359 that AVZ has lost. On the basis Congo Ressources will own 60% of AJN, then AJN shareholders will own 40% of the illegally acquired 50% of 13359. So doing some back of the fag packet numbers, Nigel’s ownership of the northern section under his AJN shareholding becomes 10% x 40 = 4%. Therefore Nigel’s beneficial interest in the total of 13359 becomes 0.75% + 4% = 4.75%.

So….via Nigel’s holding in AJN,if they are successful in stealing the northern CDL section, his beneficial interest in PE 13359 goes from currently 1.5% under AVZ control……to 4.75% under control of AVZ in the south and AJN in the north…..an increase of over 300% in ownership ofE13359. Meanwhile my beneficial interest and every other AVZ shareholder has reduced by 50% in 13359.

Now whilst I believe Nigel is fighting tooth and nail for AVZ, his holding in AJN is an absolute conflict of interest for AVZ shareholders.

So Nigel needs to dispose of his AJN shareholding in whatever manner asap. I think he also needs to publicly sever ties with Klaus, Peter Huljich and Mark Gasson with whom he shares relationships in other DRC companies and who also all apparently share links with Simon Cong in AJN and ANL.

I support Nigel but he needs to get his house in order and quickly imo.

All imo of course.”

I fully agree with you Chilla that Nigel should get rid of his AJN shares to sincerely show his heart is with AVZ. Trust is important.
I was at the Perth RS and came back with lots of doubts on CDL. Nigel did say (from memory) that AVZ will give up the northern part if the government asks for it. Govt has a shareholding in Dathcom, so why should govt ask it back?
Regarding TO, he said that if the price is right he will take it to the board and then to the SHs. Then he said, we will get another Manono. The guy nearby whispered, "what, another Manono?"
Towards the end, I felt like Nigel was getting a bit cocky in answering questions. Some may say it is confidence, but I felt differently.
Personally, I completely disagree with the long suspension in the guise of protecting shareholders. The share price may drop, but at some stage new buyers will emerge. Short term volatility shouldn't be a problem for long term holders. You hold and even buy if you believe in the company. When it comes back to trade, price could potentially drop as many shareholders press for the exit. So, we get the same effect 8 months delayed, with the net accrued result of mental anguish and suffering. I have no access to my investment money and I am stressed with that.
It is childish to keep on harping that shorters will burn (they may), without providing any sympathies to the suffering of LT holders.

 

[ChrisU]

@Sangster Thank you for your kind offer.

These two tenements are reported to be the delicacies of Cominiere and Zijin Mining PE12453 and PE13427 under JV name, Katamba

Neither on CAMI.cd dricenses nor on Cominiere site do these tenements appear.

If anyone has better information please advise.

 

[CHB]

People who want to trade and let the SP get smashed forget that there is the possibility (based on the rumours) that we offered DRC gov shares in AVZ.

Much better to have less dilution.

 

[CHB]

I fully agree with you Chilla that Nigel should get rid of his AJN shares to sincerely show his heart is with AVZ. Trust is important.
I was at the Perth RS and came back with lots of doubts on CDL. Nigel did say (from memory) that AVZ will give up the northern part if the government asks for it. Govt has a shareholding in Dathcom, so why should govt ask it back?
Regarding TO, he said that if the price is right he will take it to the board and then to the SHs. Then he said, we will get another Manono. The guy nearby whispered, "what, another Manono?"
Towards the end, I felt like Nigel was getting a bit cocky in answering questions. Some may say it is confidence, but I felt differently.
Personally, I completely disagree with the long suspension in the guise of protecting shareholders. The share price may drop, but at some stage new buyers will emerge. Short term volatility shouldn't be a problem for long term holders. You hold and even buy if you believe in the company. When it comes back to trade, price could potentially drop as many shareholders press for the exit. So, we get the same effect 8 months delayed, with the net accrued result of mental anguish and suffering. I have no access to my investment money and I am stressed with that.
It is childish to keep on harping that shorters will burn (they may), without providing any sympathies to the suffering of LT holders.

Someone should have asked him what that price is for TO that he would consider

 

[Samus]

So on top of everything Nigel seems to have a bit to answer for as one sitting on the board of AJN right up until suspension and still most likely in possession of nearly 10% of that companies shares.
This whole thing is really starting to stink to high heaven if it wasn't already.
We can't seem to go for more than a week without another setback or misinformation attack.
Are DRC determined to get their 60% of the Northern section of 13359 through any corrupted means? While we're told they're fully supportive (without evidence) and the ML remains blocked.
AVZ appears to have been backed into a corner with all progress stifled while the crooks and hyenas move in from every direction to start eating us alive, every time the licence looks close another attack from somewhere else.
We appear have been forced into a position to either accept unjust and illegal outcomes or remain blocked as competitors pile in around us at a time when we were supposed to be beginning construction.
What looked so promising 6 months ago has devolved into something more akin to Chinese water torture.
This coming fortnight before the AGM will be absolutely telling.
As Klaus, Cong, Cominière, Zijin, Jean Felix Mupande, slimy princess and god knows who else position themselves to further ram the enormous pineapple up our collective asses.

Hopefully it ain't that bad but despite what we're hearing that's what we're seeing.

 

[LOCKY82]

Well whoopty fucking doo waking up to this shit in the morning great!

The team and Nigel in particular needs an absolute grilling in nz today!!

 

[investinvest]

Well whoopty fucking doo waking up to this shit in the morning great!

The team and Nigel in particular needs an absolute grilling in nz today!!

And this is an example of why NF said to not disseminate RS information online/anywhere. Now the opposing party knows the gameplay. I get the keen interest from those who didn't attend but please keep it all in private DMs, not in public.

 

[LOCKY82]

And this is an example of why NF said to not disseminate RS information online/anywhere. Now the opposing party knows the gameplay. I get the keen interest from those who didn't attend but please keep it all in private DMs, not in public.

Exactly someone with rs info had clearly been sharing it far and fucking wide! That said no stone uncovered, we should trust bod but not blindly! We need to do our due diligence as much if not more than anyone.
Best clean out all the cobwebs while these roadshow are going on.

 

[Mouthpiecenomnom]

I fully agree with you Chilla that Nigel should get rid of his AJN shares to sincerely show his heart is with AVZ. Trust is important.
I was at the Perth RS and came back with lots of doubts on CDL. Nigel did say (from memory) that AVZ will give up the northern part if the government asks for it. Govt has a shareholding in Dathcom, so why should govt ask it back?
Regarding TO, he said that if the price is right he will take it to the board and then to the SHs. Then he said, we will get another Manono. The guy nearby whispered, "what, another Manono?"
Towards the end, I felt like Nigel was getting a bit cocky in answering questions. Some may say it is confidence, but I felt differently.
Personally, I completely disagree with the long suspension in the guise of protecting shareholders. The share price may drop, but at some stage new buyers will emerge. Short term volatility shouldn't be a problem for long term holders. You hold and even buy if you believe in the company. When it comes back to trade, price could potentially drop as many shareholders press for the exit. So, we get the same effect 8 months delayed, with the net accrued result of mental anguish and suffering. I have no access to my investment money and I am stressed with that.
It is childish to keep on harping that shorters will burn (they may), without providing any sympathies to the suffering of LT holders.

Haha no. No trade before ML. Mental anguish ffs. Nice try guy I've never heard of.

 

[Ozthescot]

Since the Perth RS there has been an increase in defamatory articles and fluff towards AVZ, someone getting nervous!? More desperate attempts to bring down AVZs name.
Its absolutely pathetic to think how much this mine up and running would help the DRC but nope a few greedy cunts holding it back for their own ends at the expense of everyone that would benefit from it.
Pretty sad tbh.

Hope more info can be extracted from the NZ RS later on

 

[tonster66]

I have just put this on the crapper in response to Obe and my opinion of Nigel’s conflict of interest with his AJN shareholding and the fact he resigned from AJN on 8 May the day before AVZ went into perpetual suspension due to issue of ML and PE area….which now appears to be directly related to the move by AJN imo

“
It does in fact matter imo and there needs to be more explanation on what Nigel will do with these AJN shares and Options as he is a substantial holder of AJN with about 10% of the company.

If …. And I stress if…..AJN are successful in stealing the north of the PE 13359, being the majority of CDL with an exploration target of 400-600 million tonnes at 1.7% ….and likely larger than that….then two things happen:

1. AVZ and it’s shareholders lose about 50% of its potential value. So Nigel owns about 1.5% of AVZ, if AVZ lose half of PE 13359, then his value of 13359 will reduce to 0.75% of AVZ’s current value. It means my value of AVZ holding in 13359 will also be half of what it potentially could have been…..as will every other shareholders value.

2. AJN and it’s shareholders will gain the 50% of 13359 that AVZ has lost. On the basis Congo Ressources will own 60% of AJN, then AJN shareholders will own 40% of the illegally acquired 50% of 13359. So doing some back of the fag packet numbers, Nigel’s ownership of the northern section under his AJN shareholding becomes 10% x 40 = 4%. Therefore Nigel’s beneficial interest in the total of 13359 becomes 0.75% + 4% = 4.75%.

So….via Nigel’s holding in AJN,if they are successful in stealing the northern CDL section, his beneficial interest in PE 13359 goes from currently 1.5% under AVZ control……to 4.75% under control of AVZ in the south and AJN in the north…..an increase of over 300% in ownership ofE13359. Meanwhile my beneficial interest and every other AVZ shareholder has reduced by 50% in 13359.

Now whilst I believe Nigel is fighting tooth and nail for AVZ, his holding in AJN is an absolute conflict of interest for AVZ shareholders.

So Nigel needs to dispose of his AJN shareholding in whatever manner asap. I think he also needs to publicly sever ties with Klaus, Peter Huljich and Mark Gasson with whom he shares relationships in other DRC companies and who also all apparently share links with Simon Cong in AJN and ANL.

I support Nigel but he needs to get his house in order and quickly imo.

All imo of course.”

So Nigel resigns as a director of AJN the day before we go in to suspension, that just does not happen by chance it is planned. So as a director of AJN what was the plan? He would have been aware of it.
This is a huge conflict of interest and he should resign from AVZ. I would hate to see this happen but this lacks integrity and lacks any ethical prowess, which I believe can be seen in his comments regarding the mica in CDL.
In my opinion only