AVZ Discussion 2022
- Thread starter GazDix
- Start date
Here's a good one for you:
Tribune: AVZ transfers 24% of Dathcom shares to CATH. Have the pre-emption rights which give priority to other shareholders been respected? Has the approval of the shareholders' meeting been obtained?
According to AVZ's announcement on November 23 on the Australian Stock Exchange (AXS), AVZ owns 75% of Dathcom shares, still retains 51% after transferring 24% to CATH, and AVZ acquires 15% of Dathcom shares. held by Cominière, which ultimately enabled it to hold 66% of the shares.
AVZ's announcements are a contempt of the judgment of the DRC court, a contempt for the DRC government, an arrogance to other shareholders and a deception of the stock market and investors.
According to the court judgment, AVZ's contract for the transfer of 15% of Dathcom's shares with Dathomir was terminated on May 14, 2021, and the general manager of Dathcom, appointed by AVZ, was sentenced for falsifying certificates of shareholders and shareholder registers.
The transfer of 24% of the shares of Dathcom by AVZ to CATH was illegal, and did not comply with the provisions of the Joint-Venture Agreement concerning the right of first refusal which gives priority of purchase to the other shareholders. Moreover, it did not obtain the approval of the shareholders' meeting.
On November 7, 2022, Her Excellency the Minister of State, Minister of the Portfolio held a press conference and announced that the interests of the State defended through COMINIERE, that moreover AVZ has not undertaken anything on the ground since joining Dathcom Mine 6 years ago. Therefore, AVZ's acquisition of Dathcom's 15% stake from COMINIERE is a lie.
C/P Kambale Kakule Christian
Tribune : AVZ transfère 24% des actions de Dathcom à CATH. Est ce que les droits de préemption qui donne priorité aux autres actionnaires ont été respectés? Est ce que l’approbation de l’assemblée des actionnaires a été obtenue ?
Selon l’annonce d’AVZ à la date 23 novembre à la Bourse australienne (AXS), AVZ détient 75% des actions de Dathcom, conserve encore 51% après avoir transféré 24% à CATH, et AVZ acquiert 15% des actions de Dathcom détenues par Cominière, ce qui lui permet de détenir finalement 66% d’actions .7sur7.cd
Tribune
Noticed most of negative articles are from the same person,Kambale Kakule Christian
DiscoDanNZ
Regular
DRC: There is a seat at the table for AVZ
The Seat:
Huge if true.
P.S. You're all cool
Arrest that money grabbing f*ck as well!
He’d be sweating bullets now
Its interesting that the article says mismanagement of the funds resulting from the sale of the 15%. Cominiere owned the shares and have every right to sell to whomever they chose. What they did was breach the contract with AVZ by not offering them the shares first, technically not illegal. If the arbitration goes AVZ's way then it should open up a compensation claim for AVZ for the breach of contract. IMO
bloke383
Regular
In the name of the higher interest of the nation and the development of the communities of Tanganyika, we urge the PM
@LukondeSama
not to allow the MinPortefeuille to appoint interim leaders at Cominiere because of its unclear role. What PR05 and PM call mining integrals.
Franck is on fire on twitter this morning . A subtle dig at the PM not to appoint any interim (also corrupt) leaders to try & keep stalling the mine licence/development ?
I know kick-backs for journalists can be shaky ground (well not always in DRC I guess) but does anyone else think we should send Frank a case of whiskey or something? Or maybe bring home over here as a local DRC correspondent to cover a shareholder meeting or something. The guy has been so diligent reporting all this
Scoota30
Regular
IMO this is huge news if true.
Instead of articles and videos of Ministers spruiking opinions/speculation (not facts), the General Attorney issued a warrant to arrest the heads of Comineire due to the Zijin IGF report.
This is confirmation to me that we are on the right path. Official court of law actions to FINALLY back up what AVZ management have been saying for so long.
Backing up that they have good legal title of the 75% (Dathomir case completely irrelevant at this stage to me), and some official DRC legal hope that we will actually end up with the 15% that we had first right of refusal for!
"Don't listen to that shit on social media"
Felix's first big swing of his axe.
Instead of articles and videos of Ministers spruiking opinions/speculation (not facts), the General Attorney issued a warrant to arrest the heads of Comineire due to the Zijin IGF report.
This is confirmation to me that we are on the right path. Official court of law actions to FINALLY back up what AVZ management have been saying for so long.
Backing up that they have good legal title of the 75% (Dathomir case completely irrelevant at this stage to me), and some official DRC legal hope that we will actually end up with the 15% that we had first right of refusal for!
"Don't listen to that shit on social media"
Felix's first big swing of his axe.
Let’s not cause Frank any unwanted attention over a case of whiskey.
Samus
Top 20
#URGENT THE CEO AND THE TECHNICAL DIRECTOR OF THE COMPANY #COMINIÈRE arrested by the intractable PG KUMBU of PG/GOMBE for having sold COMINIERE's shares in a LITHIUM joint venture worth 150 million USD at 33.4 million USD, on the basis of a report from #IGF .
Haha! It's everywhere! Mop must be pissing her pants.
Thus the preface to that comment.
Was more an expression of appreciation for his efforts than an actual suggestion
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