AVZ Discussion 2022
- Thread starter GazDix
- Start date
It was brought up by me. The question was: there is obviously conjure over the cong 15 as I've said before this is obvious because of the only 9 deal to cath. The next question was So is it 50 mil and its over or do they want the asset. Answer was 50 mil with some petulant coment and we won't pay it. So in my mind it's hard to comprehend. Why the fuck would you leve all this doubt over 75 ownership when it can be solved immediately. For fuck sakes we brought it for 25 mill for 15. now we are trying to give drc 150 mil for 15 and think it's cheep. So 25 + 50 .= 75 no more bulshit which can be built into the contract (not that any fucker gives a shit about contracts) but we've done our best to accommodate every fucker. It absolute Bulshit to think that ft will intervien in an election year and make more enemies its farcical imo. Ft the a politician his whole mind body being is holding on to power like every other politician in the world. Sorry for the rant cheers
The President appoints the Prime Minister not the other way round .
Fuck the 51 % just sort cong and have 75% Jesus the narrative here is fucking wied we are entitled and own 75% 15 % conjure with cong which can be sorted with 50 mil if you believe anything the nige said at the rs. Where the fuck did shoring up 51% come from. Christ I hope your wrong mate
Agree 100% . If we lose the 15% to Cong when Nigel had a chance to pay him out SH will be f--king ropable . The idea Cong can then ask for more is Bull Sh1t imo . We wont be handing him cash out of the back of a truck in a dark alley. We could sign the deal in the MoM office surrounded by lawyers and world media FFS . If Cong gets the 15% he will sell it to Zijin . Nigel needs to be very sure of himself here . The blow back will be huge if we lose it . He must be extremely confident . Doesn't make sense otherwise . IMO
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Jesus fucking christ why is this so fucken hard to comprehend? Whirout that 15 werer fucked. Got me fucked. The other question that I asked was what's going on with the niges 10% stake in ajn : answer Its my business. To wich I said great. Expecting follow up qs from others but guess what none forthcoming.
Spikerama
Regular
What's 15% of a potential 1 billion + tonnes worth ? That's 150 + million tonnes . Ask share holders at the AGM if they'd like to secure 150mil tonnes for $50mil or run the risk of losing their life savings and going mentally insane . I'm giving Nigel the benefit of the doubt for the time being .
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Samus
Top 20
Nigel and BOD position is that we have 75%, we're not paying Cong bribes for the 15% we already purchased and have the share certificate for.
MoP is creating a false narrative stitching together various falsehoods from numerous publications and assertions from the detractors/bad actors over the past few months.
She's purposefully spreading disinformation to confuse the issue and further delay the licence.
If we start paying bribes such as the 50mil for the 15% off dathomir (that we already legally own). Then we'll open ourselves up to to being fucked from every direction.
Essentially we'll dig ourselves a big hole to bury ourselves in. This was my interpretation of Nigel's position at the roadshow.
It's wrong morally and it's the wrong course of action in the situation.
MoP is creating a false narrative stitching together various falsehoods from numerous publications and assertions from the detractors/bad actors over the past few months.
She's purposefully spreading disinformation to confuse the issue and further delay the licence.
If we start paying bribes such as the 50mil for the 15% off dathomir (that we already legally own). Then we'll open ourselves up to to being fucked from every direction.
Essentially we'll dig ourselves a big hole to bury ourselves in. This was my interpretation of Nigel's position at the roadshow.
It's wrong morally and it's the wrong course of action in the situation.
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As long as we win that is fine with me . MoP's delaying tactics are straight out of the Chinese play book .
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The moment you pay what is seen as a bribe, its all over red rover. It’s actually what they want. Force us to do a dodgy deal and then come out and say “AVZ are corrupt”.
As Cher would say “ baby its all or nothing”.
Take it all to the ICC if that’s what’s required, in the meantime the DRC misses the Lithium boom.
DRC stays in poverty.
Not that hard is it. Hope not coming across as a smartass but this shit is truly doing my f%£#=n head in I could be wrong
And what? That's a good outcome. Jesus I've heard the lot now. That's it for me can't do it anymore. Have a great Sunday cheers. Hopefully good news next week
That is the stance the company is taking and thats what you are going to have to accept.
The right stance IMO. Pay one bribe, who comes along next?? Which Minister, which official??
Should cancel the CATH deal this week. Pay them their $20m and send the Chinese packing.
Ship to the US instead.
The Chinese are untrustworthy. Kick their arses out of the project. Ship to the US.
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oxxa23
Regular
Narrative is weird? Yet you have no farken clue whether Cong will go elsewhere after 50 mil... he's a greedy pig of a man and you expect him to honour stuff... when he's already shown he doesn't...
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Bin59
Regular
Gouvernement Sama 2, la reconduction ou non de Kayinda parmi les sujets sur la table
Le Gouvernement Sama Lukonde 2 est dans le pipeline. Cette nouvelle équipe sera publiée dans un avenir proche, renseignent des sources dignes de foi.Les jours du Gouvernement Sama Luko
exclusifrdc.com
Sama 2 government, the renewal or not of Kayinda among the subjects on the table
Last updated Jul 21, 2022
The Sama Lukonde 2 Government is in the pipeline. This new team will be published in the near future, reliable sources say.
The days of the Sama Lukonde I Government are now numbered. Described as a "Warrior", the second government of the Tshisekedi era, appointed on April 12, invested on April 26, 2021 and composed of 56 members, including 16 women will soon have to join the past and prepare to pass the witness to another government team.
Kayinda's renewal or not, at the heart of the debates
Among the 16 ladies of the Sama Lukonde 1 Government, the renewal or not of the one in charge of the Ministry of the Portfolio, Princess Adèle Kayinda, is already on the table and poses a real problem, according to the same observers.
Bahati opposite, Kayinda hangs on
These analysts also inform that Modeste Bahati, the moral authority of the AFDC-A, and its party member, Adèle Kayinda, are fired. The Minister of the Portfolio would be in disgrace to her party leader. As much as Modeste Bahati would do everything to remove Kayinda from the next team of the National Executive, Adèle Kayinda would multiply evidence of loyalty to the Head of State, to hope to be on Sama's list 2. In any case, the last word will be the arbitration of President Félix Tshisekedi himself.
Bin59
Regular
An old article showing the Minister of Portfolio’s complicity.
exclusifrdc.com
The General Inspectorate of Finance (IGF) has produced a report, which is already on the table of Prime Minister Sama Lukonde. This damning report provides information on the sale of mining assets of Congolaise d'exploitation minière SA (Cominière).
This documented report reveals several irregularities that tread the principles of good governance and sweeps the rule of law on the back of hand to anyone who wants to hear it by the country's leaders.
In this document, the IGF points an accusing finger at the Director General of this company, with the authorization of the Ministry of the Portfolio. Alingete Key's services also highlight assets of US$150 million sold to Chinese to the tune of US$34 million.
Having established the criminal liability of those responsible for the Cominière, the IGF report also points out the illegal and irregular transfer of shares, their undervaluation, the misuse of income and sales money not traced by the services of Alingete Key.
Suspicious mutism
If the Alingete Key IGF has done its share of the work, it remains for the Government to do its own. And this is the knot of the problem. Since the transmission of the report to the Head of Government to date, for any reaction of the National Executive, it is total silence. The radio silence. A suspicious silence.
This difficult to understand reaction of the Government cannot be explained by many observers, who continue to question the real motives of this aphasia, which characterizes the Prime Minister first, then the ministers of the Portfolio, Mines, Justice...
Minister Kayinda of the Portfolio accomplice?
Trying to deepen the questions raised by the previous questions, analysts are wondering if we should rather look for the side of the responsible minister, Adèle Kayinda, Minister of the Portfolio. Otherwise, how can we understand that the Government is dragging its feet so much before "sl hitting" following serious revelations? What is the responsible minister waiting for to sanction the company's leaders, whose interim is several years, a record achieved without interest to the Government or even Parliament who are supposed to defend the interests of the country and the population.
HL
Le bradage des actifs miniers de la Cominière s’est fait avec la complicité d’Adèle Kayinda
L’Inspection générale des finances (IGF) a produit un rapport, qui est déjà sur la table du Premier ministre Sama Lukonde. Ce rapport accablant renseigne sur le bradage des actifs mini
exclusifrdc.com
The sale of the mining assets of the Cominière was done with the complicity of Adèle Kayinda
On August 9, 2022
The General Inspectorate of Finance (IGF) has produced a report, which is already on the table of Prime Minister Sama Lukonde. This damning report provides information on the sale of mining assets of Congolaise d'exploitation minière SA (Cominière).
This documented report reveals several irregularities that tread the principles of good governance and sweeps the rule of law on the back of hand to anyone who wants to hear it by the country's leaders.
In this document, the IGF points an accusing finger at the Director General of this company, with the authorization of the Ministry of the Portfolio. Alingete Key's services also highlight assets of US$150 million sold to Chinese to the tune of US$34 million.
Having established the criminal liability of those responsible for the Cominière, the IGF report also points out the illegal and irregular transfer of shares, their undervaluation, the misuse of income and sales money not traced by the services of Alingete Key.
Suspicious mutism
If the Alingete Key IGF has done its share of the work, it remains for the Government to do its own. And this is the knot of the problem. Since the transmission of the report to the Head of Government to date, for any reaction of the National Executive, it is total silence. The radio silence. A suspicious silence.
This difficult to understand reaction of the Government cannot be explained by many observers, who continue to question the real motives of this aphasia, which characterizes the Prime Minister first, then the ministers of the Portfolio, Mines, Justice...
Minister Kayinda of the Portfolio accomplice?
Trying to deepen the questions raised by the previous questions, analysts are wondering if we should rather look for the side of the responsible minister, Adèle Kayinda, Minister of the Portfolio. Otherwise, how can we understand that the Government is dragging its feet so much before "sl hitting" following serious revelations? What is the responsible minister waiting for to sanction the company's leaders, whose interim is several years, a record achieved without interest to the Government or even Parliament who are supposed to defend the interests of the country and the population.
HL
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MoneyBags1348
Top 20
I’ve been having another look at Momentum Attorneys and seeing how they said Christian Lukusa is working 24-7 on our case, and given the following, we should be getting close…. Right Christian
Our industries experts, Consultants are complying with anti-bribery legislations and practices, notably: the UK Bribery Act (UKBA) of 8 April 2010 as well as the American Foreign Corrupt Practices Act (FCPA) of 1977 and the DRC Anti Bribery and Money laundering Act and the Democratic Republic of Congo anti-money laundering and anti-terror Act dated 2004.
Over 18 Years of Experience combined with in-depth industries knowledge as former in-house counsel or current external counsels, our team provide tailored legal, advisory and cost-effective services in French, English, Dutch and navigating different jurisdiction in Africa.
Momentum Attorneys & Advisors SARL is among the leading Corporate & Commercial Law firms in the Democratic Republic of Congo.
We offer our clients a combination of deep industry knowledge and expert perspectives from other industries on the challenge at stake, to offer our clients fresh perspectives and breakthrough business insights.
We are known for our hands-on commercial approach – our focus is on getting things done.
Our ability to navigate the Government administration is exceptional, saving precious time on approval processes and improving the transparency of transactions.
We offer both traditional legal services as well as the full spectrum of corporate compliance services to suit clients’ needs for an integrated value proposal.
The Firm is consistently involved in the most prominent M&A transactions in the region and acts on major cross-border deals.
The Firm recently advised and represented AVZ MINERALS on all its steps of its the application for its mining license for its Lithium and Tins Project in Manono (2 Billions US Dollars Project) including:
A license of a Special Economic Zone
A license for its hydropower project
A license of its water rights
A license of the refurbishment of the airstrip in Manono
A license for the development of a greenhouse.
A license for a private park, a license of the refurbishment of a road etc
At Momentum "We get difficult things through the bureaucracy"
Our industries experts, Consultants are complying with anti-bribery legislations and practices, notably: the UK Bribery Act (UKBA) of 8 April 2010 as well as the American Foreign Corrupt Practices Act (FCPA) of 1977 and the DRC Anti Bribery and Money laundering Act and the Democratic Republic of Congo anti-money laundering and anti-terror Act dated 2004.
Over 18 Years of Experience combined with in-depth industries knowledge as former in-house counsel or current external counsels, our team provide tailored legal, advisory and cost-effective services in French, English, Dutch and navigating different jurisdiction in Africa.
Momentum Attorneys & Advisors SARL is among the leading Corporate & Commercial Law firms in the Democratic Republic of Congo.
We offer our clients a combination of deep industry knowledge and expert perspectives from other industries on the challenge at stake, to offer our clients fresh perspectives and breakthrough business insights.
We are known for our hands-on commercial approach – our focus is on getting things done.
Our ability to navigate the Government administration is exceptional, saving precious time on approval processes and improving the transparency of transactions.
We offer both traditional legal services as well as the full spectrum of corporate compliance services to suit clients’ needs for an integrated value proposal.
The Firm is consistently involved in the most prominent M&A transactions in the region and acts on major cross-border deals.
The Firm recently advised and represented AVZ MINERALS on all its steps of its the application for its mining license for its Lithium and Tins Project in Manono (2 Billions US Dollars Project) including:
A license of a Special Economic Zone
A license for its hydropower project
A license of its water rights
A license of the refurbishment of the airstrip in Manono
A license for the development of a greenhouse.
A license for a private park, a license of the refurbishment of a road etc
The country is being run by these corrupted Politicians . They got the sack but are still in the job . Zijin admits they did the wrong thing and will surrender the 15% but are still taking it to arbitration to get the 15% . MoP found guilty by the IGF but she is still in office . How does this sh1t stand ? They don't care who has what percentage . Their Chinese masters have told them AVZ must not get the ML . They will keep making sh1t up for as long as it takes . Nigel said Felix is "sweeping clean ." Let's hope he f--king starts sweeping soon .
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