AVZ Discussion 2022

[obe wan]

Looks like we may have some movement....after the 1st..who would have guessed

 

[Carlos Danger]

The communication has been poor, but it’s not been in their hands as to when this can come back out of suspension. Also the ‘less communication’ is less for those who’ve been trying to steal our asset we’ve poured 10s of millions into an developed it to a stage where it’s now ready to start construction, why give them anything to work with.
It’s obvious what’s happened even now with Cong still acting the prick, so a little strategic silence from management I’m fine with. Politics also play into the silence, hard to get decisions going our way if we are going to publicly slam the government every two weeks over their lethargic decision making.
It honestly seems fairly clear why they haven’t been able to clarify much and I’d bet the board would expect it’s holders to know this too.
End of the day am I happy with the communication, not really but I understand. Am I happy with the companies efforts during the corruption and shithousery, yes definitely so far.
The not having funds available jibe is just silly, as if the company will swing in and out of suspension for its lifetime so nobody will ever invest in AVZ to protect their ‘funds’. Yea when I’m collecting those divvies each year I’ll be terrified.
Taking DRC govt to court ? Really, it’s certainly not that bad. There has been progress, so it’s looking like cong will go the same way.
If your a genuine holder of 5 years we have been through some shit which would have prepared you for more shit, we seem to be served up shit regularly, but look at the MC look at the fundamentals and soon look at that farken BFS if you want to genuinely sell before we go mining be my guest you will be well in profit and well done for that. Personally I’m holding, as holding it for so long only to sell out before we go mining seems a crazy idea to me.
I’m thinking of holding at least 66% for those yearly divvies, being the biggest lithium mine in an EV an Energy storage revolution to last decades with lithium being the golden child well I think that’s a once in a lifetime opportunity not to pass up. But you likely think I’m crazy too lol.

Yeah I get that the board may be using silence as a tactic. I don't expect them to be constantly slamming the DRC government as that would obviously be unproductive. But again it doesn't add up to me that they are silent and their lawyer is allowed to talk. Surely they can release the same information that he is saying publicly in official announcements. Or they should just come out and say that they can't comment further until everything is sorted.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02375008

Management have an awful track record of over promising and under delivering with the mining license. The initial announcement on the the 17th of May 2021 (link above) said that they expect the granting of the licence to be expedited by the DRC government. Then we had constant claims of the license being a few weeks away and Nigel's champagne at Christmas comment. I understand that they are relying on information given to them and that things change but at some point they should have wised up to the games being played and tempered expectations.

Whether you like it or not investors generally don't want the uncertainty of not being able to access funds without being told why. Look at that Maja woman on Twitter that lost 350k by forfeiting on a house. Obviously she is irresponsible for putting herself in that situation but at the same time there are others in similar circumstances and stories like that won't sit well with potential investors.

I personally know people with deep pockets either for themselves or with the investment funds they work for that constantly crapped on to me over the years about sovereign risk in the DRC. Earlier this year they were finally saying that they would consider buying when we get the license. Now they won't ever touch it even if they miss out on great returns because it's not worth the risk of not being able to access their money if they need it.

I don't expect management to swing in and out of trading just so people can access funds. I'd rather be suspended until everything is sorted but also recognise that markets wouldn't function properly if companies could just halt whenever they felt the share price would drop. We traded through all other parts of this process and in my opinion the only justification for this action was to avoid our offer to Cominiere for the 15% that included AVZ shares being devalued as I have said here previously.



As for taking the DRC government to court I should have clarified that I was referring to the comment made by Nigel in this interview (link above) released on the 29th of September 2021. In his response to the question about the license progress at 3.05 he says that the DRC government have 30 days (It says 30 business days in the the DRC mining code) from the favourable opinion being put in place to award the licence otherwise AVZ can have it issued by court order.

I support management not pursuing that legal option as it would be a terrible way to start the project. Also the chances of us actually winning that case would be practically zero. If Zijin and Cong can snack their way to favourable decisions then the government could easily provide a lifetime all you can eat buffet for the judge hearing the case.

Yes holding through these years has certainly made me tolerant to the shit we have had to endure and will continue to face. I certainly wasn't unaware when I invested that it would be a difficult operating environment and have repeatedly been reminded of that by others. I don't think anyone here is crazy for wanting to hold long term but if we are being played and this is going to drag on and on then I would be open to a take over.

Ultimately I aim to hold around 90% of my shares until dividends if all goes well with the license so if anything I am crazier than you. I just don't like the can being kicked down the road endlessly without any sort of communication or show of solidarity from the board when they have commented on matters previously.

 

[Mouthpiecenomnom]

Looks like we may have some movement....after the 1st..who would have guessed

What's a gold bar that's covered in slung shit worth??

Same as a clean gold bar to most people.

Think you are onto something with the cheap shot by CAMI to take us out of the asx 200 obewan. If so then silver linings I guess.

 

[Doc]

Looks like we may have some movement....after the 1st..who would have guessed



View attachment 15726

That CDL?

 

[Roller62]

Looks like we may have some movement....after the 1st..who would have guessed



View attachment 15726

Mmmmm - A Research Permit not covering the whole of the original 13359, well it's movement but that's about all.

 

[TDITD]

Yeah I get that the board may be using silence as a tactic. I don't expect them to be constantly slamming the DRC government as that would obviously be unproductive. But again it doesn't add up to me that they are silent and their lawyer is allowed to talk. Surely they can release the same information that he is saying publicly in official announcements. Or they should just come out and say that they can't comment further until everything is sorted.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02375008

Management have an awful track record of over promising and under delivering with the mining license. The initial announcement on the the 17th of May 2021 (link above) said that they expect the granting of the licence to be expedited by the DRC government. Then we had constant claims of the license being a few weeks away and Nigel's champagne at Christmas comment. I understand that they are relying on information given to them and that things change but at some point they should have wised up to the games being played and tempered expectations.

Whether you like it or not investors generally don't want the uncertainty of not being able to access funds without being told why. Look at that Maja woman on Twitter that lost 350k by forfeiting on a house. Obviously she is irresponsible for putting herself in that situation but at the same time there are others in similar circumstances and stories like that won't sit well with potential investors.

I personally know people with deep pockets either for themselves or with the investment funds they work for that constantly crapped on to me over the years about sovereign risk in the DRC. Earlier this year they were finally saying that they would consider buying when we get the license. Now they won't ever touch it even if they miss out on great returns because it's not worth the risk of not being able to access their money if they need it.

I don't expect management to swing in and out of trading just so people can access funds. I'd rather be suspended until everything is sorted but also recognise that markets wouldn't function properly if companies could just halt whenever they felt the share price would drop. We traded through all other parts of this process and in my opinion the only justification for this action was to avoid our offer to Cominiere for the 15% that included AVZ shares being devalued as I have said here previously.



As for taking the DRC government to court I should have clarified that I was referring to the comment made by Nigel in this interview (link above) released on the 29th of September 2021. In his response to the question about the license progress at 3.05 he says that the DRC government have 30 days (It says 30 business days in the the DRC mining code) from the favourable opinion being put in place to award the licence otherwise AVZ can have it issued by court order.

I support management not pursuing that legal option as it would be a terrible way to start the project. Also the chances of us actually winning that case would be practically zero. If Zijin and Cong can snack their way to favourable decisions then the government could easily provide a lifetime all you can eat buffet for the judge hearing the case.

Yes holding through these years has certainly made me tolerant to the shit we have had to endure and will continue to face. I certainly wasn't unaware when I invested that it would be a difficult operating environment and have repeatedly been reminded of that by others. I don't think anyone here is crazy for wanting to hold long term but if we are being played and this is going to drag on and on then I would be open to a take over.

Ultimately I aim to hold around 90% of my shares until dividends if all goes well with the license so if anything I am crazier than you. I just don't like the can being kicked down the road endlessly without any sort of communication or show of solidarity from the board when they have commented on matters previously.

A considered and comprehensive answer to which my friend I almost entirely agree.
Stay crazy

 

[Dom1974]

Is that covering the whole of the area that AVZ originally applied for, for the ML permit, with the unshaded area under the new exploration permit? Basically how it was before the shitstorm erupted. If Momentum are doing their job, things should go back to the way it was as per the mining code.

 

[Mouthpiecenomnom]

Mmmmm - A Research Permit not covering the whole of the original 13359, well it's movement but that's about all.

Nope. Upper right corner suggest transformation permit research (pr) to permit exploitation (pe)

 

[The Fox]

Agreed.

On this matter, some in AVZ and the DRC have expected,

- The entire original claim to move from PR to PE.

- The Southern section (as per screen shot previous post) to be issued a PE with balance of Northern section reissued under a PR for 5 years.

- Retain Southern section under PE and balance of Northern section goes to AJN / Klaus / Cong / Congo Resources / Minister of Portfolio (Princess fuck face)

CAMI was compromised as we know, (new personnel are slow) this has been the time consuming bottle neck. As advised this was one of the items that was apparently sorted, so we wait on the processing of most likely the second item/option above, unless the ground has changed in the last few days and Klaus and friends have found some renewed support or strategy that changes things for AVZ, although unlikely, not even AVZ and their good lawyers can get in front of every attack the company has faced.

Cheers The Fox

 

[Berabakan]

Not a poster, but I have been here on TSE since near the beginning reading all of the 490 pages of comments along the way, no need to post and regurgitate the same ole comments that many make, but very thankful of the ‘smarts’ which is here….

Initially AVZ was 100% of my holdings, now they are probably 25% but it is the one I give a shit about the most…

Anyways, just an observation, we get excited about going into the ASX200 with actual uncertainty still sitting over ML etc, as everyone knows when you get into ASX200, you are then controlled by the instos in relation to SP, so we then complain like shit whilst in asx200, then when something like this happens we are complaining that we are now not in asx200, me, well I’m stoked, I’ve seen my other 75% of holdings been treated like games by the instos and that has pissed me off, SYA, CXO, RNU etc. If we are going to play with the big boys with the biggest Lithium mine in the world lets have our shit sorted, then play and have that protection around us. Stoked we have been in holding pattern whilst the world of SP’s have gone to shit for many

So, I am patient as all hell, SP can still do its thing outside of ASX200, AVZ can still do its thing…then lets re-enter ASX200 in whatever time as rock solid as ever and I would hope that it is a whole different scenario with the instos controlling our SP

Optimistic maybe
Hopeful maybe
Happy

 

[Roller62]

Mmmmm - A Research Permit not covering the whole of the original 13359, well it's movement but that's about all.

View attachment 15727

Actually on further investigation I don't think it's changed at all since at least last year!

 

[Samus]

Seems to me we've been in transition status for the past 4 months or so ever since the decree. The gimp down at cami tinkers with the computer occasionally, big deal. It still doesn't say exploitation permit and a large chunk of the tenement is still missing.

 

[Xerof]

As Obe said, some movement

Yesterday this said PR active, today it says transition from PR to PE. Still the carved off piece, but definitely a change in status

 

[Doc]

Tantalex teasing on the bird they have a big announcement coming up, wonder if northern part of ( what was ) our tenement is part of that….

 

[Mickyb64]

As Obe said, some movement

Yesterday this said PR active, today it says transition from PR to PE. Still the carved off piece, but definitely a change in status

I only see this change as a positive. Thanks Obe & Xerof.

 

[Flight996]

Not a poster, but I have been here on TSE since near the beginning reading all of the 490 pages of comments along the way, no need to post and regurgitate the same ole comments that many make, but very thankful of the ‘smarts’ which is here….

Initially AVZ was 100% of my holdings, now they are probably 25% but it is the one I give a shit about the most…

Anyways, just an observation, we get excited about going into the ASX200 with actual uncertainty still sitting over ML etc, as everyone knows when you get into ASX200, you are then controlled by the instos in relation to SP, so we then complain like shit whilst in asx200, then when something like this happens we are complaining that we are now not in asx200, me, well I’m stoked, I’ve seen my other 75% of holdings been treated like games by the instos and that has pissed me off, SYA, CXO, RNU etc. If we are going to play with the big boys with the biggest Lithium mine in the world lets have our shit sorted, then play and have that protection around us. Stoked we have been in holding pattern whilst the world of SP’s have gone to shit for many

So, I am patient as all hell, SP can still do its thing outside of ASX200, AVZ can still do its thing…then lets re-enter ASX200 in whatever time as rock solid as ever and I would hope that it is a whole different scenario with the instos controlling our SP

Optimistic maybe
Hopeful maybe
Happy

Hi Berabakan

Thank you for your well-considered post.

I take a slightly different view in that we should not underestimate the potential for damage caused by our removal from the ASX200 & 300, particulary in an environment of globally rising inflation and interest rates that divert investment funds away from the sharemarket and crimps expectations. It's another reason for institutional investors to shy away. However, to be fair, they only need to ensure their investments are compliant by EoFY audit time, so they have time to unload in a managed way.

Nonetheless, that's collectively a lot of invested money not going into the sharemarket generally, and not going to AVZ in particular. As a result I think we can expect considerable selling pressure over the next few months, regardless of potentially positive announcements along the way. Can the shortfall be made up by mum & dad investors? I don't know, but I suspect not.

I sincerely hope the board and CEO have done their homework well in advance, and have their announcements ready to roll, particularly the BFS and full capex funding arrangements. If not, things may get ugly (as if they are not ugly already).

Yes, I am getting fatigued with this seemingly never-ending saga, but hold and will continue to hold my share of this Li monster.

Cheers
F

 

[Dom1974]

Agreed.

On this matter, some in AVZ and the DRC have expected,

- The entire original claim to move from PR to PE.

- The Southern section (as per screen shot previous post) to be issued a PE with balance of Northern section reissued under a PR for 5 years.

- Retain Southern section under PE and balance of Northern section goes to AJN / Klaus / Cong / Congo Resources / Minister of Portfolio (Princess fuck face)

CAMI was compromised as we know, (new personnel are slow) this has been the time consuming bottle neck. As advised this was one of the items that was apparently sorted, so we wait on the processing of most likely the second item/option above, unless the ground has changed in the last few days and Klaus and friends have found some renewed support or strategy that changes things for AVZ, although unlikely, not even AVZ and their good lawyers can get in front of every attack the company has faced.

Cheers The Fox

Fox, so you’re saying changing of the guard at CAMI and expecting new PR in northern section to be reissued to AVZ? So Dathcom get back all area originally had? (based on current intel).

 

[TDITD]

Tantalex teasing on the bird they have a big announcement coming up, wonder if northern part of ( what was ) our tenement is part of that….

Big announcement is they are being charged an doing time in a DRC jail

 

[Winenut]

Big announcement is they are being charged an doing time in a DRC jail

and sharing a cell with Bubba...

 

[ChrisU]

Yeah I get that the board may be using silence as a tactic. I don't expect them to be constantly slamming the DRC government as that would obviously be unproductive. But again it doesn't add up to me that they are silent and their lawyer is allowed to talk. Surely they can release the same information that he is saying publicly in official announcements. Or they should just come out and say that they can't comment further until everything is sorted.

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02375008

Management have an awful track record of over promising and under delivering with the mining license. The initial announcement on the the 17th of May 2021 (link above) said that they expect the granting of the licence to be expedited by the DRC government. Then we had constant claims of the license being a few weeks away and Nigel's champagne at Christmas comment. I understand that they are relying on information given to them and that things change but at some point they should have wised up to the games being played and tempered expectations.

Whether you like it or not investors generally don't want the uncertainty of not being able to access funds without being told why. Look at that Maja woman on Twitter that lost 350k by forfeiting on a house. Obviously she is irresponsible for putting herself in that situation but at the same time there are others in similar circumstances and stories like that won't sit well with potential investors.

I personally know people with deep pockets either for themselves or with the investment funds they work for that constantly crapped on to me over the years about sovereign risk in the DRC. Earlier this year they were finally saying that they would consider buying when we get the license. Now they won't ever touch it even if they miss out on great returns because it's not worth the risk of not being able to access their money if they need it.

I don't expect management to swing in and out of trading just so people can access funds. I'd rather be suspended until everything is sorted but also recognise that markets wouldn't function properly if companies could just halt whenever they felt the share price would drop. We traded through all other parts of this process and in my opinion the only justification for this action was to avoid our offer to Cominiere for the 15% that included AVZ shares being devalued as I have said here previously.



As for taking the DRC government to court I should have clarified that I was referring to the comment made by Nigel in this interview (link above) released on the 29th of September 2021. In his response to the question about the license progress at 3.05 he says that the DRC government have 30 days (It says 30 business days in the the DRC mining code) from the favourable opinion being put in place to award the licence otherwise AVZ can have it issued by court order.

I support management not pursuing that legal option as it would be a terrible way to start the project. Also the chances of us actually winning that case would be practically zero. If Zijin and Cong can snack their way to favourable decisions then the government could easily provide a lifetime all you can eat buffet for the judge hearing the case.

Yes holding through these years has certainly made me tolerant to the shit we have had to endure and will continue to face. I certainly wasn't unaware when I invested that it would be a difficult operating environment and have repeatedly been reminded of that by others. I don't think anyone here is crazy for wanting to hold long term but if we are being played and this is going to drag on and on then I would be open to a take over.

Ultimately I aim to hold around 90% of my shares until dividends if all goes well with the license so if anything I am crazier than you. I just don't like the can being kicked down the road endlessly without any sort of communication or show of solidarity from the board when they have commented on matters previously.

Your posts are excellent.

“the 29th of September 2021. In his response to the question about the license progress at 3.05 he says that the DRC government have 30 days (It says 30 business days in the the DRC mining code) from the favourable opinion being put in place to award the licence otherwise AVZ can have it issued by court order.”

Yes I recall this “court order” comment too, but couldn’t recall when or where exactly so thankyou. What is not clear is the “favourable opinion” - if that is CAMI head then this is the bureaucratic hitch.

But if Cami not relevant, it seems Lukusa Momentum lawyers would be advising to not embarrass DRC government? So why is Nigel making such aggressive comment? Probably to prepare shareholders for the rough ride.

September 2021 it seems AVZ already knew about Zijin