AVZ Discussion 2022

[MoneyBags1348]

"If we are in the construction phase and it looks like there may be a change of govt in the DRC in late next year’s election, then I would consider selling then."

This is what I don't get with people saying TO after ML. I mean why?

If we get ML then its BFS and FID and game on. The time to sell the company was before ML not after the hard yards of getting it.

For me the next point for a TO will be prior to the election and if that passes then no TO ever, no point.

I agree with you, I would only sell if next DRC election it looked like a corrupt government was going to win. We have a pls plant, increasing resource, battery hub and infrastructure all in the planning

 

[CashKing]

I'm sure all of us are feeling like this right now

View attachment 14275
But you know what, always look on the bright side of life......you only get one .....unless your me

You’d feel like that everyday driving a KIA RIO

 

[JAG]

 

[JAG]

 

[JAG]

 

[JAG]

 

[JAG]

 

[JAG]

 

[Retrobyte]

The blood letting of MPs and reshuffle can't be good for trying to get all this progressed quickly. It's another spanner in the works, even though in the long run it should be better for DRC and us

 

[JAG]

 

[cruiser51]

The blood letting of MPs and reshuffle can't be good for trying to get all this progressed quickly. It's another spanner in the works, even though in the long run it should be better for DRC and us

I don't think progress would have been possible without the purge.
I don't see it as a spanner in the works, but required progress.

One could of course say that it should have happened much earlier.
However these are huge changes and in the DRC political climate require a lot of courage.
The changes could not have been made without proper documented evidence.

There will be a lot of pissed off characters in the DRC, who not only suddenly see their super incomes reduced to nil, but also are running scared for a knock on the door from the IGF, with a please explain.

Hate to be a princess with cold eyes in a green dress at the moment.
But then again these people have shown not to have a conscience, they probably consider they did nothing wrong.
Just a little bit of creative craft.

 

[M.Bison]

The blood letting of MPs and reshuffle can't be good for trying to get all this progressed quickly. It's another spanner in the works, even though in the long run it should be better for DRC and us

Whilst likely, the other side of the coin is new MP's would be looking to make a mark early. What better way than to be associated with the progression of the biggest lithium mine on the planet.

 

[Mouthpiecenomnom]

Why is the CAMI dude not fired?

 

[Winenut]

Why is the CAMI dude not fired?

Because he's the one that makes sure everyone gets the very best snacks....

 

[CHB]

Why is the CAMI dude not fired?

Probably what everyone conveniently forgets when talking about the reshuffle allowing progression of ML.

The key person holding it up is still there regardless of reshuffle of other portfolios.

 

[TheCount]

Point taken Wombat, I guess it just means you, I and those others you mention are more used to making and losing significant amounts of capital and probably aren’t in the same position as some of the holders here who are anxious and depressed. Making and loosing large amounts isn’t anything to brag about, it just means you know how to weather the storm a little better than others that’s all

" it just means you know how to weather the storm a little better than others that’s all"

Comment of the week for me.

Cheers.
TC.

 

[MoneyBags1348]

Why is the CAMI dude not fired?

CAMI was under the supervision of the the Minister of Mines and Minister of Finance. Previously its Director General of CAMI (who should answer to CAMI’s BOD) has been suspended by the MoM so it appears CAMI’s BOD (a separate entity within govt) has power which may slow the mining and exploration processes. Also, it seems the Prime Minister (the man with the shrunken head, Mr Lukonde) has the power to overrule the MoM. Maybe I’m wrong in my opinion of Lukonde, but at this stage, until I see him pull his finger out, he’s on my suspicions list. I edited my original post here after further reading on the link I’ve attached below, hope it helps: https://copperbeltkatangamining.com...l-of-the-mining-cadastre-for-insubordination/

 

[Samus]

Because he's the one that makes sure everyone gets the very best snacks....

And likely runs a syndicate of coltan smuggling along with his own private army.

 

[MoneyBags1348]

I seriously doubt there would be too many here that want to read a 20 page report on the risks of corruption here in Australian mining, but just to give an example of some of the risks here in Aus I attached a link anyway: https://transparency.org.au/wp-content/uploads/2019/10/Australia-Summary-Report.pdf I was going to add a report from the US State Department this year talking about the investment climate in the DRC which basically acknowledges Felix’s efforts to clean up corruption in the DRC. I gave up after reading about the first 50 pages, just going down one rabbit hole after another at the moment, in fact I’m even ready for some more of Nellie’s speculation or just jokes now, someone else post something here for fucks sake!!!!

 

[TDITD]

CAMI was under the supervision of the the Minister of Mines and Minister of Finance. Previously its Director General of CAMI (who should answer to CAMI’s BOD) has been suspended by the MoM so it appears CAMI’s BOD (a separate entity within govt) has power which may slow the mining and exploration processes. Also, it seems the Prime Minister (the man with the shrunken head, Mr Lukonde) has the power to overrule the MoM. Maybe I’m wrong in my opinion of Lukonde, but at this stage, until I see him pull his finger out, he’s on my suspicions list. I edited my original post here after further reading on the link I’ve attached below, hope it helps: https://copperbeltkatangamining.com...l-of-the-mining-cadastre-for-insubordination/

Yes ol' shrunken head has my suspect wanker radar going off too. I read somewhere that he has links to CAMIs Jean-Felix, like through cousin or his brother in-law, something along those lines cant remember. Also before being PM he was the General Director at Gecamines, yea the place covered in shit atm with all the corrupt bs going down there. https://www.theafricareport.com/210908/drc-gecamines-and-the-missing-millions/

Now I would be gobsmacked if he wasn't party or benefited from and knew nothing.
The fact he has sat silent is raising an eyebrow.
mining or smuggling ? Government or Cartel ?