AVZ Discussion 2022

[Samus]

Anyway more important things going on in DRC today, everyone is hanging shit on this:

#RDC : It's happening in the DRC. A young man has just designed a "micro-rocket" which was presented to the Minister of Scientific Research, José Mpanda

 

[Charbella]

Sale of COMINIERE SA shares: Me Jeannot Lompempe suggests to the PG at the Court of Cassation to open a judicial inquiry by seizing the Minister of State, @adelekayinda in order to "enlighten the Congolese people through justice" (point Press)

 

[Winenut]

Yes mate but how many times do u see foot prints on western style crappers 100 % of the time. To me that's shit u live with. Its all about paying people properly and let them decide. I would hope that our company pays our people 2 to 3 times the going rate. The base rate is ridiculously low make a statement that we are hear for the long term and want to be the facilitator of change for the Congolese workers. Then it's a lay down maier.

I'll let all that through to the keeper....

For now

 

[Investortug]

Whales, to be honest I wonder how much of the reason for the ML delay is due to the ownership and we are not getting the full story.

Dathcom has to pay the surface rights fee, and I have a vague recollection of seeing it but just can’t remember where it was (pretty sure I didn’t dream it, but you never know seeing how much time this occupies in our psyche)…. Like I said NOT SURE but think it was around $180k annually.

I know other shareholders have seen what ever I’ve seen so I would appreciate any sort of confirmation because I just can’t fucken remember where I saw it….

Anyway, moving on to my point on ownership, is Nigel trying to have us believe AVZ will pay 75% (of the annual fee) or 100% or what. Personally we could pay the full fee if it’s only around $180k….

But an invoice for the surface rights fee to Dathcom (by my reconning) would include each partner (AVZ, Dathomire, Comminiere or CATH) having their portion issued according to their % of ownership in Dathcom.

So there is a technicality that no one has addressed, only the fact that Mupande won’t issue it.

Anyway, as @Frank says “Food for thought” and if there is one thing that I try to do more than anything else on this forum…. It’s promote thoughts around matters relating to our investment, rather than just commenting

The other thing I try to do is get off this forum but I think (like Wombles and others here) I have become the victim of a now ingrained habit so if someone can answer the above question satisfactorily I will hopefully be able to move on

Looking back at @JAG summary of the Perth roadshow it was said that surface rights were $240-$280k annually

 

[CashKing]

I can't be a kunt atm, I'm breaking my brains about thinking up xmas pressies for unsuspecting wankers, luckily I don't have to write poems this year. Too many of the sentences would finish with 'unt'and often imminent arseholing unts would appear.

Surely your not sending JazzyT a present mate , Croaker might get jealous also that tripper John Utah ,, ahhh the list of wankers goes on I guess,, I could go on but might actually get modded from TSE, there has been a fair few hey…

 

[CashKing]

I’m tired of being a Kunt, so have designated myself as a circle jerker, given most of my input these days is regurgitation of meaningless, repetitive crap

Sorry team, I’ll try harder, after Christmas

Unless of course you’re all happy with a Kunt

I’m alright with a Kunt

You make more sense than my last one

 

[cruiser51]

In my opinion definitely possible, but hoping to be fake news. From memory that video did say they will work on other projects together. Just didn’t expect it to be our northern part of CDL. More clarification needed before we panic.

I'm not panicking, at the end of the day I'm not gonna die.

I'm starting to get the feeling, that due to the constantly changing story, Zijin/Cong/Cominiere/MoP are on a massive fishing exercise to have a look where they can get away with, or the journalists involved don't have a clue what they are writing, or both.

At this stage it is water of a duck's back.
These guys have to write some nonsense to sell their papers, the bigger the nonsense, the higher the sales.

It almost looks like there are only a very few real journalists in the DRC and the rest are just cut and paste dickheads who don't have a clue.

If I would tell them that Jean Felix wears high heels to bed they would print it as it being gospel.

 

[cruiser51]

Surely your not sending JazzyT a present mate , Croaker might get jealous also that tripper John Utah ,, ahhh the list of wankers goes on I guess,, I could go on but might actually get modded from TSE, there has been a fair few hey…

Don't really want to comment on some sad cases on the crapper, why bother, I have better things to do.

 

[Bin59]

.

Try to read and understand this Onto my third attempt.Very juicy!

Sounds like an attempt at a new version of events - facts mixed with fiction to confuse and get MoP & others off the hook, especially as Charbella points out - no mention of AJN (or Congo Ressources etc).

We’ve all read the IGF report and it would be safe to say the majority here were satisfied with its findings.

This is the last sentence of the Econews. article that @MoneyBags1348 posted yesterday, which basically echoes what Nigel has been saying. (I trust the credibility of the Minister of Finance and the authors of the IGF report more than the of the author of the recent Geopolismagazie article).

“Trust us and be calm," said Finance Minister Nicolas Kazadi, in the presence of Jules Alingete, head of the IGF, and prosecutor Kisula of CENAREF (National Financial Intelligence Cell).

 

[Goldbarr]

'

 

[ThisTimeWin]

Hah no sense panicking about that anyway AJN already have their slimy mits all over it.
It's just a shame we can't seem to go a day without further complexity and/or misinform added to the mix.
It's difficult to remain positive when every little one of those elements seems to take an eternity for any sort of resolution.
Death by 1000 cuts like @wombat74 says.
Chinese water torture in the meantime.

Nah more like death by a 1000 cunts...

 

[John25]

Just reminiscing back to the good old days before even ML & imminent became part of our daily vocab …a youthful NF with a glint /sparkle in his eye full of optimism /hope …we were all young/innocent back then …

 

[MoneyBags1348]

Antoinette is in Japan now looking for investors…. The DRC appears to be trying to move away from China and all the corruption associated with the Chinese and the likes of Simon Cong

If the DRC Justice system with the backing of the IGF and NGO’s can exterminate the vermin and CATH can bring some form of credibility to battery manufacturing in the DRC, those international investors might come on board.

This article was from mines.cd though, which I can’t remember is or isn’t a reputable media organisation?

https://mines.cd/en-mission-au-japon-la-ministre-des-mines-rencontrera/

 

[John25]

Just doing a bit of this

 

[Mr Inappropriate]

Today is the day !

 

[MoneyBags1348]

 

[Xerof]

End-of-year celebrations, the Economic Situation Committee chaired by Prime Minister Sama Lukonde announces the availability soon of parcels for all agents and civil servants of the State

Ohhhh, Nooooo, paper bags for EVERYONE

 

[Hemicuda]

Today is the day !

Closing your tse account?

 

[Xerof]

@MoneyBags1348

Mines.cd - good or bad?

Well, they stuck it right up Cong's clacker with this paraphrasing of the IGF report a few days ago, so jury out afaic. Having said that, it's full of inaccuracies, as seems to be normal for DRC journalists

https://mines.cd/cominieregate-dath...legalement-des-parts-a-avz-international-igf/

The mining company DATHCOM MINING SA sold nearly 60% of the shares in the joint venture to external partners "without any guarantee of substantial financial contributions" to the detriment of COMINIERE SA. This was revealed by the General Inspectorate of Finance (IGF) in its investigation report on the management of COMINIERE SA, a document consulted by MINES.CD.

According to the IGF, Dathcom Mining SA owned nearly 75% of the shares in its partnership with the Congolese mining company COMINIERE SA, shares that Dathcom had obtained in a very ambiguous context. But DATHCOM has resolved to sell nearly 60% of its shares without complying with the regulations in force on the joint venture.

"Despite 75% of the shares, partner DATHOMIR was not able, despite everything, to mobilize expected financing, but preferred, two months after benefiting from the sale of 5% of the shares of COMINIERE SA, to sell 60% of the shares to AVZ International in violation of the provisions of the joint venture contract in its article 16 point (f) relating to its commitments and

He added: "with this operation, DATHOMIR made huge profits without having paid a single round in the partnership concluded with COMINIERE SA. ”

This financial patrol institution has returned to the conditions for acquiring shares in this joint venture by DATHOMIR, which is the parent company of DATHCOM MINING SA.

"His fallacious promises of financing had earned the latter the allocation of 70% of the shares while COMINIERE SA, which definitively and irrevocably sold mining securities, was content with 30% of the shares. No proof of guarantee of funding provided by its partner has been provided to the control team. As if the 70% were not enough to mobilize financing, DATHOMIR Mining Ressources was allocated an additional 5% of the social shares of COMINIERE SA on the grounds that a sister company of DATHOMIR would have made the MANONO_PWETO route without being paid by the Congolese State, "she recalls.

Emmanuel Lufiauluisu​

 

[JAG]