On December 01, 2022,
AJN Resouces, an operating company in "DRC" made a surprise announcement claiming to have acquired 81 squares in the northeast of PR13359, which had been r in AVZ's ASX announcement.
https://www.newsfilecorp.com/release/146261
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"Dathcom have not relinquished any part of PR13359."
The Manono mine is known for being a world-class lithium project. At its Annual General Meeting on November 17, 2022, AVZ Minerals promised that it would certainly be able to obtain PE13359 (operating license) before the end of November 2022.
"Mining Entrepreneur or Capital Manipulator?"
AJN Resources Inc. is actually a
CANADIANcompany and its Managing Director,
Klaus Peter Eckhof, is not only the President and
CEO of AJNwith a 3.69% stake, but also
the former President and CEO of AVZ Minerals andManaging Director of TTX (Tantalex Lithium Resources).
The most interesting thing is that the great
Nigel Munro Fergusonis not only the Managing Director of AVZ Minerals, but also the fifth largest shareholder with a
1.45% stake in AVZ Minerals and the second largest shareholder with a 9.65% stake inAJN Resources!
"The multiple identities of Klaus and Nigel, the real relationship between AVZ and AJN?"
In April 2022, Klaus and Nigel visited Germany, and then Klaus confirmed that AJN would be awarded the Manono mining right in November this year, while on May 4, 2022, in the DRC, AVZ gave up 81 squares northeast of the Manono project, and four days later, on May 8, AVZ CEO Nigel Ferguson has resigned as a director of AJN. Is this a coincidence?
The shareholders and holders of AVZ and Dathcom suffer from AVZ's renunciation of 81 squares, but Mr. Nigel, as a shareholder of AJN, is the BENEFICIARY?
Obviously, there is a link between AVZ and AJN, a link between Klaus and Nigel. Australia and the DRC are taken for fools. Have Australian and Canadian stock exchanges received genuine disclosure documents for listed companies? Are the interests of shareholders and unitholders well protected?
It is understood that the DRC government refused to grant an operating license to Dathcom, led by AVZ, due to numerous violations, resulting in the suspension of AVZ's negotiation for more than seven months. According to ASX regulations, a suspension of more than 18 months will result in a mandatory delisting.
"If it's insider trading?"
According to an anonymous source:
08/02/2022 : AJN announced that the old Sokimo JV will be replaced by a new one
- JV with the government of the DRC known asCongo Resources SAU. JV will be composed of 60% DRC government and 40% AJN.
- 19/04/2022: AJN announced the official signing of a JV Memorandum of Understanding with the DRC government forCongo Resources SAU.
- Mid-/04/2022: Nigel traveled to Germany and met with Axino Capital as Managing Director of AVZ and Director of AJN at that time.
- 04/05/2022: AVZannounced the signingof the EP decreeby the DRC Ministry of Mines, but renounced81squaresin the northeast.
- 08/05/2022:NigelhasresignedfromAJN's Board of Directors (but still the second largest shareholder).
- 09/05/2022:AVZ trading stops
- 11/05/2022: Suspensionof AVZ trading
- End/11/2022:Klaus wentto Germany and metwithAxino Capital, sayingthat"AVZ gaveuphalf of Manono in mid-April and that we will transferc Manono's titles in our JV with the DRC. the Manono tenements will be transferred without problem in our JV with the DRC on which we have been working since February 6, 2020.... but the JV changed on February 8, 2022 and we included a lithium project at Manono in the JV on April 19, 2022 and we will get the smooth transfer into the JV in November 2022. »
- 01/11/2022: AJN has announced that a northern part of Manono of PR13359 will be transferred to Congo Resources in the coming weeks.
- 17/11/2022: AVZ holds its annual general meeting, Nigel denies that AJN will get Manono's surrendered mining rights.
- 01/12/2022: AJN has made an announcement unofficially.
- 05/12/2022: AVZ remains suspended without a PE.
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