AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
chance cards could be called 'snacks'. You could throw in events that have happened too
"the CEO throws a hissy fit and dumps everything on the market as he leaves, give half your $ back to the bank"
"you bump into Simon Cong who offers you $$, take $$ and lets hope you dont get caught"
"the CEO throws a hissy fit and dumps everything on the market as he leaves, give half your $ back to the bank"
"you bump into Simon Cong who offers you $$, take $$ and lets hope you dont get caught"
cruiser51
Top 20
As mentioned before, don’t expect AVZ to make ASX announcements based on twitter stories.
They would need a full time ASX announcer.
Just imagine Nigel having to respond to every story written by the geist or under any of his aliases
Bin59
Regular
Sammy_da_Smile
Regular
Hey mate, not sure if you saw my post the other day but it is under renewal now for CDL.IMO I expect to see announcements and trading late this week, if some additional clarity around this item or anything else arrives prior, I'd be happy to share. IMO the northern section is likely renewed for 5 years under an EL as per AVZ announcements. I say likely as I haven't focussed on this recently and had any independent / third party confirmation on this specific item. Although, if all issues are resolved then there should not be any surprises. It would be pretty strange to issue the northern section to a third party or not award to Dathcom when the whole boundary area surrounding the original EL is locked in and registered under AVZ. All this of course doesn't mean there isn't some last minute shenanigans and change for some reason. IMO ML should be issued on the area that the DFS speaks too, and balance of area re-issued under EL for further exploration. If any info contrary to this comes to light prior to announcements expected this week, as I said, I'm happy to share.
Cheers The Fox
Sammy_da_Smile
Regular
China forgives debt for 17 African nations
China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations.
https://www.news.com.au/finance/eco...y/news-story/9a6bee751b0dddc231858a52ba01578a
China will forgive 23 loans for 17 African nations, China’s foreign minister Wang Yi has announced.
“China will waive the 23 interest-free loans for 17 African countries that had matured by the end of 2021,” Mr Wang said at the Forum on China-Africa Cooperation according to a statement.
He pledged that China would continue to actively support and participate in the construction of major infrastructure projects in Africa through financing, investment and assistance.
“We will also continue to increase imports from Africa, support the greater development of Africa’s agricultural and manufacturing sectors, and expand co-operation in emerging industries such as the digital economy, health, green and low-carbon sectors.”
Mr Wang also pledged that China would provide food assistance to the 17 African nations.
Critics argue China is involved “debt trap diplomacy”, alleging the country issues loans in order to eventually secure strategic international assets.
Chinese President Xi Jinping has been criticised of ‘debt trap diplomacy’. Picture: AFP
South Asian country Sri Lanka granted China Merchants Ports Holdings a 99-year lease on the $US1.5 billion ($A2 billion) Chinese-built deepwater Hambantota Port in 2017 after falling deep into debt.
Kenya, South Africa and Uganda are among numerous African states that have borrowed heavily from Chinese lenders.
According to World Bank data from 2020 cited by Forbes, the African nations with the highest external debt to China as a percentage of gross national income are Djibouti (43 per cent), Angola (41 per cent) and the Democratic Republic of Congo (29 per cent).
African countries have also enthusiastically joined China’s transcontinental Belt and Road Initiative to build port, rail and land infrastructure, Beijing’s modern-day Silk Road.
Australia scrapped a deal between Victoria and China for Belt and Road Initiative infrastructure in 2021, calling it “inconsistent with Australia’s foreign policy”.
But the concept of a Chinese “debt trap” has also been criticised, with a study in 2020 finding China had restructured or refinanced about $21 billion of debt in Africa between 2000 and 2019. The study also noted there was no evidence of “asset seizures”and that Chinese lenders had not used courts to enforce payments, or applied penalty interest rates to distressed borrowers.
Meanwhile, Adalberto Costa Junior, a presidential candidate in Angola, has vowed to examine the county’s debt if he is elected.
Angola owes about $90 billion, which will cost it about $8 billion each year in amortisation, according to Bloomberg.
“The amount of real foreign debt is not known,” Mr Junior said in an interview on the weekend.
Around $27 billion of Angola’s total debt is owed to China, with the funds used to build roads, hospitals and railway links.
Mr Junior warned that any borrowings not linked to infrastructure projects could be renegotiated.
Not sure what you are on about Cruiser, but where did you get the information about AVZ needing permission from the DRC govt to keep its shareholders informed?
Cheers
F
The Fox
Regular
That's just the boundary area mate which is important. The Northern section. its still empty of detail.
Cheers The Fox
Sammy_da_Smile
Regular
Oh yeh easy mate, I see what ya mean, yes no updates yet for 13359.That's just the boundary area mate which is important. The Northern section. its still empty of detail.
Cheers The Fox
View attachment 14649
The Fox
Regular
When you search Dathcom, you want to see the area inside the purple boundary come up as 'Dathcom" etc. The application for the boundaries were made in the name of AVZ yes.
Cheers The Fox
TheCount
Regular
Jesus - $4, I'LL be happy if you're half right. The whales will be jumping like a school of mullet! Can someone post a whale jump just for fun please. I miss them terribly.
TC.
I feel you like you're going around in circles.
Cruiser is just saying that AVZ won't be making an announcement until it has officially heard word of the results of these deliberations (this would realistically be from the DRC Government). Twitter is not an official channel for hearing news of this nature - hence why Cruiser (and I) do not expect an announcement from this.
It could be a few days or a week before AVZ officially hears word.
Sammy_da_Smile
Regular
The boundary you speak of is permit 13359 (Dathcom) which got chopped and should be how it was. Here is how it should be: disregard the search parameter 'AVZ' and refer to the purple shading.When you search Dathcom, you want to see the area inside the purple boundary come up as 'Dathcom" etc. The application for the boundaries were made in the name of AVZ yes.
Cheers The Fox
The other two are CDL, which I just search AVZ to list them both, they are 4029 and 4030.
I thought you were talking about the renewal for the two CDL tenants as they expired. I now see you were talking about the chopped off area so my apologies.
Cheers
CeckRaiseFold
Regular
Ahh! I will sleep better knowing they aren't extinct. Cheers
Hi Thaz
I agree with your point about AVZ making relevant information at the appropriate time. AVZ has an obligation to keep its shareholders informed in a timely manner. No issue there mate.
Cruiser said that AVZ could not make an announcement about Zijin without the DRC govt's permission. There is no such obligation because arbitration has nothing to do with the DRC govt. It's not a DRC sponsored process, and outside its jurisdiction.
If I get a clarifying response from AVZ I will post it here (but not holding my breath).
Cheers
F
Sammy_da_Smile
Regular
Edit - didn't mean to reply to your message flight
It gets very interesting how this will play out. Zijin have initiated arbitration through the ICC to which AVZ have responded to, which is outside of DRC for some reason to recognised as a shareholder.
So I'd assume inorder to squash this once and for all, we'd have to present the recent facts from DRC to the arbitrators (if they have been appointed).
I would say though given the recent news (if correct) then Zijin would just rescind the arbitration request against AVZ.
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