AVZ Discussion 2022

Xerof

Flaming 1967
I'm with you but one thing is false....the letter is from 6 december 2022. The two cominiere guys were arrested at the end of November, the 26th or 27th november. So this letter is new from the other cominiere guys. Cominiere is not just that 2 people it's a complete bunch of idiots.

From what I could gather, they were 'detained' for 48 hours for questioning. Whether that means they are back in the office snacking again? - quite probable

There has been NOTHING reported by anyone about their fate since, as far as I can see

With any luck, they are still rotting in malaka bum fuck
 
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Mr Clean

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Julien is the only one in Senior Government that has been flying our flag from the start of all this mess. If only he had the top job, we would never have been in this huge shit show. Every time AVZ stated we have the support of “Senior Government” it was only him snd to a lesser extent minister of mines.
 
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whales

Regular
Do you really believe that Cominiere waited 5 years (during which time they attended meetings with AVZ as part of Dathcom) before raising a question about exercising their pre-emptive right to purchase Dathomir's initial 60% share? It's rubbish as they gave Dathomir extra 5% of Dathcom to pay for a road as they didn't even have the money for that. So no, Cominiere does not have pre-emptive right to AVZ's 60% (whether expired or not).

Cominiere is not the one involved in the ICC cases with AVZ. It's Jin Cheng and Dathomir. Cominiere's two top execs have just been arrested recently anyway so no further action from them in the meantime. This letter from Cominiere was dated just before their arrest.

How I think it will play out:
IGF have referred the case to the Gombe court and submitted their report.
Court looks at the case and pursues it via prosecuting offenders and taking them to court.
AVZ vs Jin Cheng at the ICC - arbitration will be made public so Jin Cheng may be tempted to withdraw if it doesn't want its dirty laundry hanged out to dry.
AVZ vs Dathomir at the ICC - Simon Cong really has no leg to stand on since he accepted the initial payment/deposit for the 10% Sale Purchase Agreement in September 2020 (five months after the April 2020 DFS was published). If he has any issues with the agreed price, he would have disputed it back in Sept 2020, not in May 2021.
At any time while all of this is going on, someone pushes CAMI to calculate the surface rights and invoice Dathcom. AVZ pays it then gets the finalised ML in hand. Remember, CAMI is delaying surface rights calculation - if they admit to even have a need to calculate it means that they admit that Dathcom will get the ML, just a question of when (the only thing left that CAMI can control).

DYOR IMO
Why is CAMI taking so long to calculate the surface rights
Motive behind actions?
We all know that CDL may have been the issue but did DG of CAMI with the Princess do a deal with AJN for part of the northern section of CDL and cannot do surface rights until this is sorted out.
Major conflict of interest for Nigel should this be proven correct.
The independent governance issue of CAMI may be law but if fraudulent activities are proven then their positions should be untenable according to the law .
Hopefully IGF looks into this further.
 
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Retrobyte

Hates a beer
Thought I should separate this from a previous post…. Watch out for these corrupt sus twitter poster’s

"She bang you" and "Cat Shitter" - sounds like Der Geist is at it again
 
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JAG

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You on the musgrave project @JAG
Sacha Baron Cohen Yes GIF by Amazon Prime Video
 
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Bin59

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#URGENT #URGENT is fire for the Goddess Adèle kayinda Minister of State Minister of the Portfolio. I appealed to the hierarchical authorities for the Suspension of Mrs. Adèle kayinda to allow Justice to urgently speed up her file.

The Congolese People are demanding justice in the case http://COMINIERE. The Minister of State Minister of the Portfolio ADÈLE KAYINDA must respond to Justice according to the report

 
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Why is CAMI taking so long to calculate the surface rights
Motive behind actions?
We all know that CDL may have been the issue but did DG of CAMI with the Princess do a deal with AJN for part of the northern section of CDL and cannot do surface rights until this is sorted out.
Major conflict of interest for Nigel should this be proven correct.
The independent governance issue of CAMI may be law but if fraudulent activities are proven then their positions should be untenable according to the law .
Hopefully IGF looks into this further.
Can't get much more untenable than being fired twice and having a replacement named 4 years ago


DRC/CAMI : Felix Tshisekedi called to intervene in favour of Chantal Bashizi to take office

March 12th 2022 - Named Administrative Director of the Minier Cadastre (CAMI), Chantal Bashizi wants the delivery ceremony resumed so that she will officially take over her duties postponed since 2018. She should replace the position of Jean-Felix Mupande.

In her letter dated 16 June 2021, the Minister of Mines, Antoinette Nsamba, had given the reason for this postponement. According to her, the report was carried out on instructions by Prime Minister Sama Lukonde.

It should be recalled that Chantal Bashizi was appointed CEO on 27 December 2018 by a presidential order appointing the representatives to the Minier Cadastre (CAMI) and this was published in the official newspaper, before the interested person was notified. It is only the handover with her predecessor needed for Chantal Bashizi to officially take office at the CAMI as CEO.
 
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Bin59

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Bin59

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Maybe we should seek an injunction to stop Tantalex drilling until the issues surrounding the Manono tenements are sorted. 🤔
 
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Can't get much more untenable than being fired twice and having a replacement named 4 years ago


DRC/CAMI : Felix Tshisekedi called to intervene in favour of Chantal Bashizi to take office

March 12th 2022 - Named Administrative Director of the Minier Cadastre (CAMI), Chantal Bashizi wants the delivery ceremony resumed so that she will officially take over her duties postponed since 2018. She should replace the position of Jean-Felix Mupande.

In her letter dated 16 June 2021, the Minister of Mines, Antoinette Nsamba, had given the reason for this postponement. According to her, the report was carried out on instructions by Prime Minister Sama Lukonde.

It should be recalled that Chantal Bashizi was appointed CEO on 27 December 2018 by a presidential order appointing the representatives to the Minier Cadastre (CAMI) and this was published in the official newspaper, before the interested person was notified. It is only the handover with her predecessor needed for Chantal Bashizi to officially take office at the CAMI as CEO.
Does anyone have a copy of the report by the minister of mines carried out on instructions of the Prime Minister?

Does anyone have the contact information of Chantal Bashizi?

It is insane that we are being held up by a vindictive prick that isn't legally in his position anymore. Helping Chantal Bashizi take her rightful place as CAMI DG is our best bet of sorting this shit show out apart from the IGF imo
 
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DiscoDanNZ

Regular
Here's my covid fever dream thought for the morning.

The announcement yesterday in regards to Teabag Tommy running his mouth. The company very, very strongly disputes and rejects claims made in the article, enough so that it has it's own strongly worded ASX announcement.

Now ponder this: If there was any doubt in the BOD's mind that we could be up shit creek without a paddle as Tommy and the Boatman dutch rudder passed us while were drowning, would they really break the cone of silence from the last 6 months and come out swinging?

No ones stupid enough to go 'here's an ASX announcement you can use as evidence when this all turns to shit (like it isn't already).'

P.S. stay safe on the market today, DOW getting flogged will no doubt bring some pain. As always, gamble responsibly.
 
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Remark

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Wanker Tommy back on the keyboard.

AVZ stays suspended, rejects allegations
Tom Richardson
Tom Richardson
Markets reporter and commentator

Dec 15, 2022 – 4.20pm

Perth-headquartered lithium explorer AVZ Minerals has blamed third parties for attempting to diminish the credibility of the company and its management as the $2.6 billion miner marks its seventh month of sharemarket suspension.
It also said it retains legal title to a 75 per cent interest in the Manono Project in the Democratic Republic of the Congo (DRC), with the tenement regarded as the world’s largest untapped lithium deposit.



“The company has been the subject of a hostile third-party campaign, run by parties seeking to acquire an interest in the world-class Manono Project through questionable and irregular means,” AVZ said on Thursday.
Management also disclosed it faces court cases with Zijin Mining as the owner of Jin Cheng Mining and DRC mining group Dathomir Mining.
The legal blues are over ownership rights to separate 15 per cent stakes in the Manono Project equal to 30 per cent of the project.


RELATED QUOTES
AVZAVZ Minerals
$0.780 -7.14%1 year1 day

Updated: Dec 15, 2022 – 8.45pm. Data is 20 mins delayed.
View AVZ related articles

On Monday, The Australian Financial Review revealed that DRC state-backed mining body Cominiere wrote from Lubumbashi to AVZ on July, 21, 2021 to inform it that Zijin Mining sought to buy a 15 per cent stake in Manono.
AVZ’s Kinshasa-based lawyer wrote to Cominiere on August 4, 2021, to object to the proposed Zijin deal and remind Cominiere of its obligations. It also told Cominiere it was still interested in buying the 15 per cent stake.
In a statement on Thursday, AVZ conceded it sought to dissuade Cominiere from selling the 15 per cent stake to Zijin “around July/August 2021” and said it never disclosed the matter as it considered the claim “spurious in nature, without merit, containing fundamental and material errors, and as having no substance in fact or law”.
Zijin says it acquired the 15 per cent stake from Cominiere for $US33.4 million in November 2021 and has sound legal title.
AVZ did not disclose the Zijin dispute until May 2022. The matter is now scheduled to go to the International Court of Arbitration in May 2023.
AVZ further said on Thursday it didn’t disclose a December 2021 DRC court ruling related to Dathomir’s 15 per cent ownership rights, as it also considered the ruling “spurious” with no foundation in fact or law.
Suspension extended
Shares in the group rocketed between July 2021 and May 2022 to a peak valuation near $4.6 billion. As a result of its suspension in May, the company was removed from Australia’s flagship S&P/ASX 200 on September 2, 2022.
The stock will remain suspended until January 31 or an earlier announcement, the company added on Thursday. It said the sharemarket limbo is related to the finalisation of its mining license application in the DRC.
A historical Mineral Resources and Reserves (JORC) estimate put the Manono Project as containing 401 million tonnes of lithium hard rock at a lithium oxide grade of 1.65 per cent. AVZ raised $115 million in two capital raisings in financial 2022 to help finance the project’s development and execution of ownership rights.
I'm a little surprised that Tommy didn't quote Nigella Ferguson, MD & mother of 3.

Nigella Ferguson.jpg
 
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DiscoDanNZ

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Remark

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Rediah

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Sorry, that is quite a disturbing image. I hope I didn't put anyone off their breakfast
Hold my beer milk.

ezgif.com-gif-maker.gif
 
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Lol
20221216_101834.jpg
 
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DiscoDanNZ

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JAG

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See when he post's like that he's ok, when he posts in fucking riddles he does himself no favours.
His other account is singing the opposite tune. I don't think he is just short. I think he is hedged large. He just wants AVZ to trade whichever way it goes so he can access his capital imo
 
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llhtom

Regular
Oh my lord. This is wrong on so many levels. I need to stay away from TSE for the time being. Need something to cleanse my eyes and brain!!
 
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