AVZ Discussion 2022

[Bonsoir]

I thought we had already dealt with this MMCS sh1t?

Who the fuck else is going to pop up and lay claim to Manono ???

 

[ChrisU]

Bin Guo, Shidai Hiving dragons, Ningde era....FMD, just use one nic ffs, this blatant multi nicking is like having to visit and endure a never ending dissocial / Bipolar Disorder meeting session, whilst they think everyones also a fool.

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absolutely no idea what you’re talking about.

I’m here to discuss the stock.

 

[MoneyBags1348]

Coincidence I was only reading that the other day @JAG

I knew we had dealt with this in the WA Court @Winenut

Even though I have been scathing of management’s timing of the Roadshow Presentation as well as their communications, I believe it’s time to look beyond that and fully support the management team given all the bullshit and worms that are coming out of the woodwork.

I don’t think it would be a bad idea to email the Company Secretary with some positive comments regarding and enquiring what is happening at the highest level…. With Felix

 

[JAG]

Well, sorry in advance for my first rant but quite frankly I have had a fuckin guts full of this shit right now!

The AGM and RS (if they go ahead) are going to be absolute fuckin blinders and should not be missed. I can guarantee there will be fireworks!

As holders we have every right to call an extraordinary meeting with board (those with more shares have more pulling power for this) to get some fucking clear answers from the BOD who right now are sucking up thousands of dollars a months in payments for doing fuck all! Those here that have in the millions should be calling for this EM.

Oh, it's close, oh it's coming, oh get the champagne...fuck this shit. People can only take so much before they explode.

Nigel, get me $3 a share MF! Sell the fucking lot or get the ML now!

Rant over.......I'm cracking the bourbon

 

[Winenut]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

 

[ChrisU]

Mauritius-registered private resources investment firm MMCS Strategic 1 has filed a writ in the Supreme Court of Western Australia to end a dispute between itself and Australian-listed junior resources company AVZ Minerals.

MMCS is seeking a declaration in regard to its legal ownership rights of the mining licence covering the Manono and Kitotolo lithium deposits in the DRC.

Amsterdam & Partners and cross-border transaction specialist law firm Clifford Chance have prepared the application to contest the claim by AVZ Minerals that it has entered into a transaction to acquire a 60% interest in the Manono project area, which effectively covers the licence area held by MMCS.


MMCS is a 68% direct shareholder in Manono Minerals, a JV between it and the DRC government-owned Cominière, which holds mining permit PE 12202 covering the Manono and Kitotolo deposits in the Katanga province.

According to the claim, in 2016 the DRC Ministry of Mines unlawfully revoked mining permit PE 12202 and issued a new permit covering the same area to a separate joint venture led by AVZ Minerals and also involving Cominière.

MMCS acted promptly to appeal the unlawful revocation of its Manono licence and this remains subject to proceedings in the administrative section of the DRC Supreme Court of Justice. Under DRC law, when an appeal is brought in relation to the revocation of a mining permit, the permit is deemed to remain valid until the appeal proceedings are concluded.

Nevertheless, AVZ Minerals has proceeded to publicly inform shareholders of its acquisition of this licence, which is being challenged by MMCS.

MMCS notified AVZ Minerals on 10 February 2017 that there are pre-existing claims over the Manono and Kitotolo lithium deposits. Subsequent to that notification, AVZ Minerals released a notice of a shareholder meeting and Manono due diligence update, which stated “the company has established a presence on site at Manono with a group of technical and support contractors” in preparation for planned drilling and sampling activity that had been previously delayed due to ground conditions.

AVZ Minerals also told the market it “is negotiating an extension to the previously agreed 60-day due diligence period with its joint venture partners” in regard to its acquisition terms and that “the company’s DRC legal adviser has commenced a review of legal matters including the validity of title in relation to the Manono project”, but the company’s JV partner (Cominière) had made standard representations and warranties with respect to the validity of title.

The shareholder meeting called by AVZ Minerals for 6 April 2017 will seek approval of several resolutions, including the terms of the proposed acquisition of the Manono project, the details of the up to $5 million in capital the company is seeking to raise for the acquisition and development of the Manono project, and the issue of facilitation shares to recently appointed executive chairman Klaus Eckhof.

Parties to the proposed acquisition are AVZ Minerals (60%), Cominière (30%) and Dathomir Mining Resources (10%).

MMCS will seek confirmation from the Supreme Court of Western Australia as to the ongoing validity of its existing licence. MMCS and its legal counsel consider the circumstances and events that led to the purported revocation of mining permit PE 12202 as highly unusual and exacerbated by the subsequent grant of rights over the same area to a new JV involving common parties. The WA Supreme Court is deemed to have jurisdiction given the fact AVZ Minerals is domiciled in Australia.

MMCS may pursue a number of avenues to explore legal remedies within local and international courts to enforce its existing rights over mining permit PE 12202 and to protect its intellectual property rights in regard to the Manono project, which is a high priority given the announcement that AVZ Minerals has commenced activities on the ground in the DRC, said the company.

Since the joint venture between MMCS and Cominière started in September 2013, MMCS has spent a total of $9 million on advancing the Manono project, including pre-feasibility study analysis and development of a local corporate social responsibility initiative.

Honestly posting this gives it oxygen.

 

[JAG]

Honestly posting this gives it oxygen.

FUCK OFF PRICK!

 

[Charbella]

This is just a public notice, nothing more. Why are we giving air to this rubbish?
Then again, we shouldn't expect anything less. Everyone wants a piece of “the largest global undeveloped hard rock lithium deposit.”

 

[Winenut]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

Guess I'll have to go back and try and sort through the mounds of shit that's probably been piled on top of and around this PE 12202 issue to try and decipher any truths.....if there are any???

Fuck me

 

[ChrisU]

Guess I'll have to go back and try and sort through the mounds of shit that's probably been piled on top of and around this PE 12202 issue to try and decipher any truths.....if there are any???

Fuck me

MMCS can make as many notice of claims they like.
It has no bearing.

 

[ChrisU]

Didn't want to post this but.......

https://theboatmancapital.com/wp-content/uploads/2021/06/Boatman-Report-on-AVZ-Minerals-July-2019.pdf

And what was the corresponding effect on share price?

You really don’t need to give it oxygen

 

[MoneyBags1348]

Guess I'll have to go back and try and sort through the mounds of shit that's probably been piled on top of and around this PE 12202 issue to try and decipher any truths.....if there are any???

Fuck me

From CAMI website Nuts
DECHU meaning ‘Defunct’…. ‘Dead’

La Cominière SA

cominiere.cd

 

[Carlos Danger]

If Mupande said that he has a point. We assume FT wants AVZ to lead.

But I don’t agree with this:

“On top of that the IGF and local journalists can see the issues that are holding us back and are making noise yet nothing is being done”

IGF is closing in on Cominiere. Others are slowly being implicated. There must be a lot of argy bargy we can’t see to make these steps. Nigel behaved as if there was ni politics. We just can’t compete in that field game. Hopefully that’s a blessing wrought by the Australian jurisdiction on bribery.
But as a seasoned operator there said, corruption is legalised by offering equity in your company. This is what Ivanhoe did.

I meant nothing is happening from the DRC government. The IGF have been on AVZ's side on the Zijin matter since April when they released their findings. They report directly to the president who has shown willingness to act on other issues with corruption in the mining sector this year but our case is just ignored. The thing that really gets me is how were all issues around Dathcom not sorted out before we received the ministerial decree. We waited 12 months while our application was assessed and everything was approved.

As for the MMCS crap they can claim whatever they like but they have no legal leg to stand on. That was dealt with by the courts years ago. The difference between then and now is that we were trading the whole time that those matters were being settled. It is extraordinary that we have been in suspension this long without a clear explanation by management as to why. It's time for them to stop ducking the consequences of their actions and allow the market to judge their ability to deliver on the promises they made.

 

[ChrisU]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

Don’t despair.
We’ve actually been through far greater uncertainty when Klaus Eckhof sold.

AVZ is slowly winning, has allies.

 

[ChrisU]

I meant nothing is happening from the DRC government. The IGF have been on AVZ's side on the Zijin matter since April when they released their findings. They report directly to the president who has shown willingness to act on other issues with corruption in the mining sector this year but our case is just ignored. The thing that really gets me is how were all issues around Dathcom not sorted out before we received the ministerial decree. We waited 12 months while our application was assessed and everything was approved.

As for the MMCS crap they can claim whatever they like but they have no legal leg to stand on. That was dealt with by the courts years ago. The difference between then and now is that we were trading the whole time that those matters were being settled. It is extraordinary that we have been in suspension this long without a clear explanation by management as to why. It's time for them to stop ducking the consequences of their actions and allow the market to judge their ability to deliver on the promises they made.

Why do you think our case is ignored, in comparison?

 

[wombat74]

Well, sorry in advance for my first rant but quite frankly I have had a fuckin guts full of this shit right now!

The AGM and RS (if they go ahead) are going to be absolute fuckin blinders and should not be missed. I can guarantee there will be fireworks!

As holders we have every right to call an extraordinary meeting with board (those with more shares have more pulling power for this) to get some fucking clear answers from the BOD who right now are sucking up thousands of dollars a months in payments for doing fuck all! Those here that have in the millions should be calling for this EM.

Oh, it's close, oh it's coming, oh get the champagne...fuck this shit. People can only take so much before they explode.

Nigel, get me $3 a share MF! Sell the fucking lot or get the ML now!

Rant over.......I'm cracking the bourbon

My sister who also has a substantial holding seems to think the Road Show is to try and convince share holders with 1mil + shares not to dump when we come out of this suspension with the ML still not secured . I'm not sure about that, but I have to admit that would be one hell of dump if we all collectively took a dump .

 

[MoneyBags1348]

MMCS is based in Mauritius which is near the Seychelles Republic (where Cominiere is based I believe)

And can’t quite remember the facts anymore but I thought either Kabila, Cong, Boatman or Der Geist also has some attachment to those areas…. Maybe it was the Cayman Islands?!….

I’ve had enough time on here for today, someone else may be able to follow up

One last thing…. I can’t see us coming out of suspension when ownership issues (mining and exploration rights) aren’t sorted, so shareholders can’t dump shares Wombie

 

[Carlos Danger]

Why do you think our case is ignored, in comparison?

I think the Tenke Fungurume Mining situation got more attention this year from Felix because the money is here and now. They are already producing and he needed to immediately address the Chinese ripping off the DRC coffers. Whereas Manono is currently a long way from impacting his tax revenue.

But Tshisekedi has also shown an ability to plan long term. And he is travelling the world telling anyone that will listen that he is building a battery industry. So I would have thought that getting the only proven scalable lithium deposit in the country up and running would have been a top priority for him as it is crucial to his goal. Why he hasn't (at least publicly) so far I do not know.

 

[Ashlee]

Can we get back to being the TSE forum instead of HC please?
I've just scrolled through 4 pages of mostly crap.

Really this forum is so informative you must have missed the pineapple saga

 

[Samus]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

I'd like to know what the fuck I need to know any of this shit for at this point.
We should be on the Italian Riviera snorting coke about now Wino. Not researching some bullshit court case from yesteryear.
Surface rights in a few days, worlds biggest red candle bullshit investment.
BOD can get fucked as well.