AVZ Discussion 2022

[Onthefm]

Firstly with regards to Nigel's situation I will let him speak first before I jump to any conclusions . Regards CDL . No surprises these scum bags would attempt something like this. Is it an attempted blackmail by the CAMI prick ? For me I have really only focused on Roche Dure . The potential 1 Billion tonne high grade Beast . If we can secure that I will be happy and grateful . I will be long gone before CDL comes into play (if we retain it ) . Lets not let the CDL issue f--k up the success of Roche Dure / Sth CDL .If I remember correctly our south CDL section alone is 200 mil tonnes +. Not a bad add on to have up your sleeve . We need that ML extremely imminently .

Already jumped. But the rest is about the same I'd rather have minimum 6-7 hundred million ton with ml in the hand rather than an extra 300 million ton but all in the Congo bush.

 

[Xerof]

@BEISHA said:

Also ask him if the necessary work was actually done to CDL, to receive the 5 yr exploration renewal.

Yes, the PR is overtaken now by the (successful) application to proceed to a PE - for the whole fucking tenement.

DRC are breaking their own laws by splitting this up IMO

BP? yeah, mines fucked as well lately. If I stop posting for more than a day, send an ambulance, no, too late send a hearse

 

[Winenut]

Whist I agree in theory we should retain the whole CDL, we bloody have the right to! In reality, we are dealing with DRC and we can’t afford to delay this any further. It has been a long and difficult 6 months without access to our investments. Some of us do need access. I for one would not want to be in a trading halt any longer whilst we fight this out. If Nigel believes if we have no choice but to give up part of CDL, I will support his decision.
Just consider how many lithium mining operation we have in Pilbara region, and so what if they are next door. We just need to get on with it!

I understand people becoming frustrated and looking at potentially the easy option of somehow giving up part of 13359 and giving the northern section of CDL away to progress with what we've currently got

But fuck it would stick in my fucking throat because there is no doubt if that happened the pricks would end up getting the Northern Section of CDL and a large chuck of the original 13359 permit through illegal and corrupt means

I'm not naive and realise this is the DRC but fuck me I will seriously hunt those pricks down if they benefit illegally and they'd want to be looking over their shoulders for the rest of their miserable fucking lives

It's the fucking principle of the matter

 

[Roon]

Why would Eckhof be pissed about how things went down with AVZ ?

He sold out..........creating anarchy with the SP.

Thats his modus operandi...........discover, then sell.

LSA another prime example

About him trying to sell off the project to all and sundry, failing, and then selling out prior to the company value increasing exponentially

 

[BEISHA]

Loosing the nothern cdl part really sucks. But when this is the price for a mining license, for rd and south cdl with maybe 1 billion tons, i can live with it. After 7 months i have learned a few things:

-drc is fucking more corrupt then i thought
-it looks like the president doesn’t have the power that i thought or didn’t will/want to using it
-after all that shit MoP and cami is still there and going on and on
-IGF is good in reporting things, but no one cares
-I’ve learned through a documentary that they kill each other daily in the streets of kinshasa with machetes, even for a few cents or street credibility
-i will never ever invest in africa again
-when 200 village people protest peacefully the police use gas to stop it
-Klaus Eckhoff is a weasel with a polished bald head
-the president’s hobby is flying through the world to do some handshakes and maybe dancing moves
-the one day you have hope everything is going good with avz the next it will destroyed, you can use a clock for it

But when we really get the mining license, we have so much white shit in the dirt which is enought to become a bigger company than pls, i mean only cong don’t burn everything after we build our mine that we have to build it again and again and again. And the next loop of frustration is coming

Post of the day brother..............AMEN.

 

[Charbella]

I understand people becoming frustrated and looking at potentially the easy option of somehow giving up part of 13359 and giving the northern section of CDL away to progress with what we've currently got

But fuck it would stick in my fucking throat because there is no doubt if that happened the pricks would end up getting the Northern Section of CDL and a large chuck of the original 13359 permit through illegal and corrupt means

I'm not naive and realise this is the DRC but fuck me I will seriously hunt those pricks down if they benefit illegally and they'd want to be looking over their shoulders for the rest of their miserable fucking lives

It's the fucking principle of the matter

I am with you Winenut. I just think at some point comprises need to be made in order to move forward.

 

[wombat74]

I understand people becoming frustrated and looking at potentially the easy option of somehow giving up part of 13359 and giving the northern section of CDL away to progress with what we've currently got

But fuck it would stick in my fucking throat because there is no doubt if that happened the pricks would end up getting the Northern Section of CDL and a large chuck of the original 13359 permit through illegal and corrupt means

I'm not naive and realise this is the DRC but fuck me I will seriously hunt those pricks down if they benefit illegally and they'd want to be looking over their shoulders for the rest of their miserable fucking lives

It's the fucking principle of the matter

Mate I'm a shallow mother f--ker . For me it's about the share price . I couldn't give a rats arse about CDL or Nigel for that matter . Roche Dure will give me the SP I'm looking for . It's all about me , because it's my money . IMO
P:S I'm also a selfish prick .

 

[Winenut]

Yes it is pertinent to the point that AVZI with 75% of Dathcom is the controlling shareholder and operator of the JV. AVZI 100% controlled by AVZ. So in effect AVZ has full authority over Dathcom and what it does and thereby extension AVZ needs approval from its shareholders to acquire or dispose of any significant assets under its control or related subsidiaries imo.

AVZI and ultimately AVZ full control over Dathcom has really proved to be a force to be reckoned with thus far....

Very frustrating

 

[marksmann007]

Beisha not only does he discover and sell, apparently he can then just reclaim what he sold and do it all again.
He had a 1st class front row seat in AVZ but blew his load to early.
What a parasite!
Even in DRC standards this sounds dodgy.
None of it smells right or accurate comparing it to official AVZ/ASX releases.
We need to hear more facts from AVZ management in the form of an update regarding these latest developments.

 

[grassseeds]

I raised the Tantalex issue after the roadshow. I suggested that Tantalex group would be endeavouring to get the rights to the area below the dumps and extra ground around the dumps. The response was quite definitive, and I was advised that they would get no new access in AVZ's area.

Let's relax and wait for official announcements.

 

[Winenut]

I am with you Winenut. I just think at some point comprises need to be made in order to move forward.

Mate I'm a shallow mother f--ker . For me it's about the share price . I couldn't give a rats arse about CDL or Nigel for that matter . Roche Dure will give me the SP I'm looking for . It's all about me , because it's my money . IMO
P:S I'm also a selfish prick .

I know I get it

We'd all love to get the SP we want and be rid of all this shit

I'm no different

Just personally don't like crooks winning anything.......makes my blood boil

 

[Winenut]

I raised the Tantalex issue after the roadshow. I suggested that Tantalex group would be endeavouring to get the rights to the area below the dumps and extra ground around the dumps. The response was quite definitive, and I was advised that they would get no new access in AVZ's area.

Let's relax and wait for official announcements.

Problem is the carved off portion of the original 13359 seems to be up for a new permit number and new negotiations.....so is that still AVZ's "area"

That's the issue

 

[Chilla]

AVZI and ultimately AVZ full control over Dathcom has really proved to be a force to be reckoned with thus far....

Very frustrating

Yes very frustrating indeed.

Under ASIC Australian Corporations Law and ASX Listing Rules imo AVZ would be considered to have control and therefore required to gain shareholder approval for any significant asset acquisition or disposal, therefore if Dathcom voluntarily wishing to relinquish a significant portion of PR13359 then AVZ would require shareholder approval as its disposal of a significant asset by a controlled entity. All imo.

EDIT: to add ....remember CDL would hold a huge valuation in its own right....upwards of $1 billion as it stands (though its not reflected in AVZ SP) because everyone knows where it is and its an extension of drilled sections with a stated 400-600 million tonne exploration target not including the othe smaller identified pegmatites around the CDL area.

Therefore Dathcom/AVZ could sell this northern section if they wanted to do divest it. As it stands if AJN are successful, then its AJN shareholders ala Klaus and Nigel that will get this huge windfall and not Dathcom/AVZ shareholders. Absolute Conflict of Interest Nigel still holding 10% of AJN and benefitting significantly from this at the expense of every AVZ shareholder.

 

[Samus]

there has been no point in me commenting on speculation in the absence of info from the company….

Welcome to the royal shitshow Chilla, too late to turn back now
Hopefully you are only here for the tail end of it!

 

[Winenut]

Yes very frustrating indeed.

Under ASIC Australian Corporations Law and ASX Listing Rules imo AVZ would be considered to have control and therefore required to gain shareholder approval for any significant asset acquisition or disposal, therefore if Dathcom voluntarily wishing to relinquish a significant portion of PR13359 then AVZ would require shareholder approval as its disposal of a significant asset by a controlled entity. All imo.

100% agree

 

[Chilla]

Welcome to the royal shitshow Chilla, too late to turn back now
Hopefully you are only here for the tail end of it!

Yup im hoping so Sam and that this crap is sorted soon for ML award. No problem the other crap with Dathomir and Zijin taking its legal course in the background as i believe AVZ has a solid position in both cases

 

[Winenut]

100% agree

Dathcom itself is a DRC domiciled entity....not sure how that affects some of what is going on and the jurisdictional powers of ASIC in relation to AVZ's interest in it?

The structures unfortunately are not a clean cut and simple as we would probably like

Bit of a side issue but all part of the mess we seem to find ourselves in

 

[Chilla]

Problem is the carved off portion of the original 13359 seems to be up for a new permit number and new negotiations.....so is that still AVZ's "area"

That's the issue

According to the RS Presentation Powerpoint on 31 October 2022....Slide 9....Nige says "AVZ holds good legal title to the entirety of its interests".

So this is the very latest position of the company as far as i know and that PR13359 in its original entirety legally remains Dathcom title.

 

[Winenut]

According to the RS Presentation Powerpoint on 31 October 2022....Slide 9....Nige says "AVZ holds good legal title to the entirety of its interests".

So this is the very latest position of the company as far as i know and that PR13359 in its original entirety legally remains Dathcom title.

apparently...

 

[Chilla]

Dathcom itself is a DRC domiciled entity....not sure how that affects some of what is going on and the jurisdictional powers of ASIC in relation to AVZ's interest in it?

The structures unfortunately are not a clean cut and simple as we would probably like

Bit of a side issue but all part of the mess we seem to find ourselves in

Doesnt matter where a ASX listed companies controlled assets are in the world, the listed company still has to comply with ASX Listing Rules and ASIC laws regarding significant changes involving acquisition or disposal of significant assets under its control. If Dathcom was only 49% owned by AVZI then it might be a slightly different requirement as AVZ could be seen to be an investor only and therefore not in control of the asset imo.