AVZ Discussion 2022

[DiscoDanNZ]

It must be nice for Nige that his 9.XX % non conflicting interest in AJN is up 63%, I wish I had access to trade my profitable holdings.

 

[Charbella]

WOW! If this was true, Zijin is fucXed!

 

[Rediah]

It must be nice for Nige that his 9.XX % non conflicting interest in AJN is up 63%, I wish I had access to trade my profitable holdings.

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Basically in other words….

 

[Sparrowhawk12]

Do you think CAMI lied to the court when they said the delay was because they were busy calculating the surface rights?

If CAMI had any genuine concerns about Dathcom's ownership structure to hold up the licence why didn't they raise them in court under oath?

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Excellent posting @schusselfussel @investinvest , @Carlos Danger & others. Thanks !!!

 

[JAG]

 

[JAG]

 

[JAG]

 

[JAG]

 

[Winenut]

Would you buy a Kia for $100?

Not if you were the salesman!

 

[JasonM]

View attachment 24703

pretty clear from these two letters that adele/comminere attempted to sell the 15% to zijin without avz knowing. what gets me in this is that this is material and clearly avz knew in july 21 of these matters, surely this is something that should have been made known via the asx. I find it hard to resolve.

 

[JAG]

 

[Winenut]

pretty clear from these two letters that adele/comminere attempted to sell the 15% to zijin without avz knowing. what gets me in this is that this is material and clearly avz knew in july 21 of these matters, surely this is something that should have been made known via the asx. I find it hard to resolve.

It says that AVZ were notified and that the 40 day period for them to exercise their first right of refusal lapsed

Were AVZ notified?

If so did they let the 40 day period lapse and not provide a response?

Couple of million $ questions there

It is not necessarily material if AVZ was notified and did correctly exercise their right of first refusal within the prescribed timeframe beacuse under normal circumstances that would be legally appropriate and totally within the ordinary course of business

What would be material is if AVZ was notified and AVZ did exercise it's pre-emptive right and then Comminiere ignored that and proceeded illegally with the sale to Zijin anyway

 

[Mr Inappropriate]

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Great work, Jag.

2.1.6 is quite instructive on a number of fronts:
- it implies that CAMI’s role extends beyond simply calculating the surface fees and issuing the invoice. This matches my own understanding of the Mining Code and Regs (I’ll have more to share on that later)
- it confirms the AVZ knows that this will mess with issuance of the ML
- it confirms to me that the rats in MoP, CAMI, and Cominiere also know that the transaction would mess with the ML - accordingly they have played straight into it in pursuit of their own payday and to appease their lord and master, Zinjin.

Again, I wish this had more of a “cease and decist” feel to it rather than a “we are somewhat miffed” feel to it.

And it is clearly material.

Keep ‘em coming Jag - next up I’d like to see our offer. how much, and when offered relative to this correspondence.

 

[Winenut]

Great work, Jag.

2.1.6 is quite instructive on a number of fronts:
- it implies that CAMI’s role extends beyond simply calculating the surface fees and issuing the invoice. This matches my own understanding of the Mining Code and Regs (I’ll have more to share on that later)
- it confirms the AVZ knows that this will mess with issuance of the ML
- it confirms to me that the rats in MoP, CAMI, and Cominiere also know it the transaction would mess with the ML - accordingly they have played straight into it in pursuit of their own payday and to appease their lord and master, Zinjin.

Again, I wish this had more of a “cease and decist” feel to it rather than a “we are somewhat miffed” feel to it.

And it is clearly material.

Keep ‘em coming Jag - next up I’d like to see our offer. how much, and when offered relative to this correspondence.

Agreed some of the language and sentiment is pretty soft eg "unfortunate oversight" etc etc

Should have been more like "absolutely stop doing what you are doing immediately as it is unequivocally in direct violation of the existing JV agreement"

 

[BEISHA]

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If i am reading this right.................Jin Cheng dont have a case.

But i am just a simple tradie.

What the fuck do i know ?

 

[Winenut]

If i am reading this right.................Jin Cheng dont have a case.

But i am just a simple tradie.

What the fuck do i know ?

Do we know the date of that document?

 

[Samus]

Do we know the date of that document?

8th November 2021

 

[Winenut]

8th November 2021

But the horse had bolted?

 

[Carlos Danger]

Great work, Jag.

2.1.6 is quite instructive on a number of fronts:
- it implies that CAMI’s role extends beyond simply calculating the surface fees and issuing the invoice. This matches my own understanding of the Mining Code and Regs (I’ll have more to share on that later)
- it confirms the AVZ knows that this will mess with issuance of the ML
- it confirms to me that the rats in MoP, CAMI, and Cominiere also know it the transaction would mess with the ML - accordingly they have played straight into it in pursuit of their own payday and to appease their lord and master, Zinjin.

Again, I wish this had more of a “cease and decist” feel to it rather than a “we are somewhat miffed” feel to it.

And it is clearly material.

Keep ‘em coming Jag - next up I’d like to see our offer. how much, and when offered relative to this correspondence.

CAMI have a role to play in the favourable opinion process. As the letter from AVZ was written in August 2021 the reference to the risk of conversion to an operating licence was before the approvals were given and the Minister of Mines gave the decree in 2022 imo. Franck Fwamba and other local journalists are adamant that the only thing left for CAMI to do is add up the numbers and print a piece of paper. They have far more knowledge and experience than any of us with how the DRC mining code works.

 

[Samus]

But the horse had bolted?

I am not sure on that Wino, been busy but trying to follow this on and off over the weekend.
Hope to catch up properly and try to digest everything later.