AVZ Discussion 2022

[John25]

Very Reliable …think he was selected too fly there about 3 or so years ago ..if memory serves correct

 

[LOCKY82]

yes, sorry, I only know handful of people on Twitter that I trust when they post about AVZ , my only source of AVZ news is TSE forum if not the AVZ official posts.

Yeah he's well respected from what I can see, der Geist has 700 followers and Deboss has over 4000
GLTAH FSC

 

[Der Geist]

Deboss wants to be left alone. I think he has made that clear

 

[LOCKY82]

Yeah he's well respected from what I can see, der Geist has 700 followers and Deboss has over 4000
GLTAH FSC

FSC (FU*K SIMON CONG)

 

[Ashlee]

The great thing about having Nigel at the helm is he knows all about AJN as he was a Director up until the Sunday before the Monday Mining decree announcement and to the best of my knowledge is still a 10% shareholder.
and I am sure he knows Klaus very well.

 

[Ashlee]

Very Reliable …think he was selected too fly there about 3 or so years ago ..if memory serves correct

He paid for his own ticket and produced his own video of the flyover and the camp as well as the old mine site

 

[Dijon101]

Very Reliable …think he was selected too fly there about 3 or so years ago ..if memory serves correct

yeah I believe this was him.. posted many photo's of the manono back in the day

 

[Rediah]

He paid for his own ticket and produced his own video of the flyover and the camp as well as the old mine site

@Roostar shared this said video, thank you

 

[Der Geist]

Yeah he's well respected from what I can see, der Geist has 700 followers and Deboss has over 4000
GLTAH FSC

That’s why he posted some (very good) hotcrapper (STE changes ‘co’ to cra) posts over the years beyond his usual

 

[Mr Inappropriate]

Princess gone?

 

[ChrisU]

No - it hasn’t changed

Could you confirm your view by posting a link to the relevant site?

 

[Winenut]

Is DEBOSS reliable?

I rate him very highly

Credible

Reliable

Knowledgable and appears to be pretty close to the action

Would love to buy him a drink one day

 

[Bin59]

Princess gone?

Let’s hope so …

 

[JAG]

Not unless he has two accounts

https://twitter.com/JAG80059733

https://twitter.com/emil_jens

Ok ok,,,you got me,,,,and I'm Deboss

 

[Carlos Danger]

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

Thank you

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/62562985a1af9173b7fc770d/1649813893834/20220413+Favorable+Technical+Opinion.pdf

I think the favourable opinion mentioned by Nigel in that interview was the favourable technical opinion (link above) announced on April 13th, 2022. We did receive the mining license decree from the mining minister within 30 days announced on May 4th but as we all know that was just the beginning of the fun.

刚果（金）世界级Manono锂矿开发在即 紫金矿业持股15%-紫金新闻-紫金矿业

本网讯 近日，刚果（金）矿业部长恩桑巴即将签署部长令，将刚果（金）Manono锂矿采矿许可授予Dat

www.zjky.cn

As for Nigel's motivation in mentioning potentially going to court in his comments I'm not sure. Zijin's claim (link above) was that they made the agreement with Cominiere in September 2021 so the timing does sort of line up.

The right to have the licence issued by court order is in the mining code so he could have said it just because it was an option and it wasn't related to Zijin's claim. He also said in that interview that he expected the license in the next two to three weeks plus potentially the 30 days so I doubt he was aware of how rough the ride was going to be.

 

[TDITD]

The change on the mining cadastre, absence of princess bitch face at the council of ministers pointing to her possible dismissal…..well didn’t take long for the good news to start trickling through.
Are we in for a last desperate move by some MF or is it possible we find ourselves in the unfamiliar position of being out of suspension by the 15th ?

 

[ChrisU]

Thank you

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/62562985a1af9173b7fc770d/1649813893834/20220413+Favorable+Technical+Opinion.pdf

View attachment 15771
I think the favourable opinion mentioned by Nigel in that interview was the favourable technical opinion (link above) announced on April 13th, 2022. We did receive the mining license decree from the mining minister within 30 days announced on May 4th but as we all know that was just the beginning of the fun.

刚果（金）世界级Manono锂矿开发在即 紫金矿业持股15%-紫金新闻-紫金矿业

本网讯 近日，刚果（金）矿业部长恩桑巴即将签署部长令，将刚果（金）Manono锂矿采矿许可授予Dat

www.zjky.cn

View attachment 15772

As for Nigel's motivation in mentioning potentially going to court in his comments I'm not sure. Zijin's claim (link above) was that they made the agreement with Cominiere in September 2021 so the timing does sort of line up.

The right to have the licence issued by court order is in the mining code so he could have said it just because it was an option and it wasn't related to Zijin's claim. He also said in that interview that he expected the license in the next two to three weeks plus potentially the 30 days so I doubt he was aware of how rough the ride was going to be.

I think Nigel said after the 30 days with mining ministry(?) a court order can be done - implicit is, this is the ‘end of the road’.
I hesitate to believe AVZ didn’t know Zijin were not cooperating with Cominiere and Dathomir breaching pre-emptive rights early 2022 and how this would be dealt with. After mining license acquired?

Question I have is, would AVZ declaring to market these attempts at obstruction be properly meeting asx listing disclosure requirements? The test is, for example, a “could possibly affect project progress ”. I think it is hard to reason, about the apprehension that Zijin and Cominiere acting as they did, breach and steal %s, as “speculation” or “insufficient definite”
Listing Rule 3.1A / 3.1A3

What amazes me is how AVZ Congolese political elite allies could not stop it. The mining minister, seen as an ally, didn’t stop it.

The share price will need the ‘hand of god’ after all this spectacle because the fall out could be harsh for the company, some may resolve to take action to recover losses

 

[Winenut]

I think Nigel said after the 30 days with mining ministry(?) a court order can be done - implicit is, this is the ‘end of the road’.
I hesitate to believe AVZ didn’t know Zijin were not cooperating with Cominiere and Dathomir breaching pre-emptive rights early 2022 and how this would be dealt with. After mining license acquired?

Question I have is, would AVZ declaring to market these attempts at obstruction be properly meeting asx listing disclosure requirements? The test is, for example, a “could possibly affect project progress ”. I think it is hard to reason, about the apprehension that Zijin and Cominiere acting as they did, breach and steal %s, as “speculation” or “insufficient definite”
Listing Rule 3.1A / 3.1A3

What amazes me is how AVZ Congolese political elite allies could not stop it. The mining minister, seen as an ally, didn’t stop it.

The share price will need the ‘hand of god’ after all this spectacle because the fall out could be harsh for the company, some may resolve to take action to recover losses

 

[MoneyBags1348]

I think Nigel said after the 30 days with mining ministry(?) a court order can be done - implicit is, this is the ‘end of the road’.
I hesitate to believe AVZ didn’t know Zijin were not cooperating with Cominiere and Dathomir breaching pre-emptive rights early 2022 and how this would be dealt with. After mining license acquired?

Question I have is, would AVZ declaring to market these attempts at obstruction be properly meeting asx listing disclosure requirements? The test is, for example, a “could possibly affect project progress ”. I think it is hard to reason, about the apprehension that Zijin and Cominiere acting as they did, breach and steal %s, as “speculation” or “insufficient definite”
Listing Rule 3.1A / 3.1A3

What amazes me is how AVZ Congolese political elite allies could not stop it. The mining minister, seen as an ally, didn’t stop it.

The share price will need the ‘hand of god’ after all this spectacle because the fall out could be harsh for the company, some may resolve to take action to recover losses

I felt a little bit a little bit embarrassed putting my views of where I think the share price will go on opening (and I am allowing a week to see where the dust settles) but I wasn’t upramping, it’s my view based on my own due diligence and taking into account that ownership of mining and exploration rights as well as ownership in Dathcom are sorted out in our favour (which is how I speculate the outcome to myself). I admit I am not researched enough on what instos might do regarding selling or lending their shares, or the time they have to do it, but for some reason I suspect you of being a sneaky downramper. I can’t wait to see which way the share price goes, it won’t prove either of us right or wrong, but out of pure interest I’ll get an idea on how the world views our company and project. Anyone who suggests Nigel should have been more open, or is going to give up fighting for AVZ’s success doesn’t know him. You also seem to be wanting to spend more time on this thread, where I am wanting to spend less, so if you reply, bear in mind I won’t be back till tomorrow

 

[Carlos Danger]

I think Nigel said after the 30 days with mining ministry(?) a court order can be done - implicit is, this is the ‘end of the road’.
I hesitate to believe AVZ didn’t know Zijin were not cooperating with Cominiere and Dathomir breaching pre-emptive rights early 2022 and how this would be dealt with. After mining license acquired?

Question I have is, would AVZ declaring to market these attempts at obstruction be properly meeting asx listing disclosure requirements? The test is, for example, a “could possibly affect project progress ”. I think it is hard to reason, about the apprehension that Zijin and Cominiere acting as they did, breach and steal %s, as “speculation” or “insufficient definite”
Listing Rule 3.1A / 3.1A3

What amazes me is how AVZ Congolese political elite allies could not stop it. The mining minister, seen as an ally, didn’t stop it.

The share price will need the ‘hand of god’ after all this spectacle because the fall out could be harsh for the company, some may resolve to take action to recover losses

It would all come down to when AVZ became aware of Zijin's and Dathomir's claims and whether a 'reasonable person' would deem that the information would have a material effect on the share price and need to be announced to the market.

AVZ were obviously relying on legal advice in the DRC that these claims were without merit. If all is sorted and AVZ end up being proven right on both matters then it would be difficult to argue that management did anything wrong regardless of what happens with the share price in my opinion.

Considering Zijin have purportedly withdrawn their claim according to AVZ's lawyer on Twitter it would seem that it was Zijin making false claims and acting illegally which is also how the IGF sees it. If true then it would seem AVZ management did nothing wrong by not disclosing this matter earlier again in my opinion. If true they can't be held responsible for other entities actions or claims.

You would hope that both of these matters were looked at by the mining ministry before giving their favourable opinion in April and the mining minister issuing the decree in May. If AVZ had been told by the DRC government that everything was okay after these claims were made then it would seem they were reasonable in thinking that the claims were without merit and wouldn't have a material effect on the share price again in my opinion.

Obviously without knowing all of the information required it is difficult to know for sure. It all depends on the outcome of the ownership of Dathcom and what happens with the mining license. AVZ never owned or claimed to own the 15% from Cominiere so it would be very hard to argue that matter had a material effect on the share price. The 15% from Dathomir could possibly be an issue but it will depend on the judgement of the ongoing case.

These are just my thoughts. I'm not a lawyer and you shouldn't rely on anything I say or anything anyone in an online forum says as legal advice. If you have any concerns about these issues you should seek professional legal advice.