AVZ Discussion 2022

BEISHA

Top 20
wow
so best to commit crimes against the country abroad eh
great precedent for others

Conan Obrien Ugh GIF by Team Coco
Just another layer of shit to add to whats been a shitty year.............full of lies, brown paper bags, corruption, ineptitude

I aint got much more to say other than i hope that some of these corrupt actors gets whats coming to them next year , AVZ gets what they thoroughly deserve, majority ownership / ML, with all the goodies that flow after that.....and better fortune for the DRC locals.

Lets hope 2023 realises that dream.
 
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BEISHA

Top 20
Hi All

I would also like to take this opportunity to wish everyone a MERRY XMAS & a FUCKING BETTER 2023!!

Take a mental health break and relax with family and friends and thank your lucky stars you dont live in the DRC or Ukraine or any other nation that is governed by dictators / bullies and impoverishes their own people.

Despite high inflation, high interest rates, we still live in the lucky country.... that is AUSTRALIA.

A big thank you to all the posters who have contributed to the AVZ TSE forum , in what has been a very annoying, frustrating, somewhat depressing year.....:(

Yes, there has been some argy bargy, but in the main, been very respectful and informative, really hoping that some of the posters who have decided to leave TSE have a rethink , but the ego to one side and come back refreshed and eager to contribute to the AVZ cause once again next year.

For any poster who may be bored to the shit house over the festive break, i will be updating some charts on the TRADING OPPORTUNITIES and providing some charting tutorials on the ROBIN HOOD TA EDUCATION for you to peruse if you are that way inclined.

Take care and enjoy the festivities.


merry men.gif
 
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Xerof

Flaming 1967
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JAG

Top 20
What a year!

Have a safe and merry xmas 🎄🎅 everyone, and an even better 2023!

Thank you for all of your posts. (y)(y)
1671857584447.jpeg
 
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Frank

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Funny Happy New Year Card Lockdown Etsy.png
 
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CHB

Regular
Just another layer of shit to add to whats been a shitty year.............full of lies, brown paper bags, corruption, ineptitude

I aint got much more to say other than i hope that some of these corrupt actors gets whats coming to them next year , AVZ gets what they thoroughly deserve, majority ownership / ML, with all the goodies that flow after that.....and better fortune for the DRC locals.

Lets hope 2023 realises that dream.
Tell me about it.

My feeling with this stock is it's basically all or nothing now. We either get the chance to develop it and make bank or it goes down to bugger all.

Merry Christmas to all. Hope everyone stays safe and we all have a better 2023.
 
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Rediah

Regular
Thank you all, for your support, for your kindness and keeping everyone motivated. We will resume the fight next year but for now, we shall give our time to our families, friends, and to whoever and whatever we love and cherish and enjoy these moments.

May you all have a blessed festive season, a very Merry Christmas & a safe, heathy, and a prosperous Happy New Year!!!!

(my attempt of the internet meme, I couldnt do topless @ -30c , Calgary)

A535D2EF-A3B0-487C-B52B-77D434F86639.jpeg
 
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DiscoDanNZ

Regular
Merry Christmas fellow long suffering holders.

Oi @Winenut giz a wave

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Would a hostile takeover from these clowns get through FIRB?

Considering this forum ripped them apart in a day or two it wouldn't seem likely that any potential hostile takeover would be approved by the Australian government
So here's where it could get interesting. The process for FIRB is:

If the potential acquirer is a foreign person, or is controlled (20%+) by a foreign person (including a foreign government), it may need to obtain prior clearance from the Federal Treasurer, through the Foreign Investment Review Board (FIRB). The Treasurer has power to block acquisitions that are contrary to Australia’s national interest, and make disposal orders if the acquisition has happened (see under 3. "Foreign investment regulation" below). In making his decision the Treasurer and FIRB will consult with a range of other government agencies (including competition, taxation, defence and security agencies).

Nigel said at the AGM that the seat on the board was the crucial part of the Yibin Tianyi deal in 2020 that FIRB were against. If Deeland somehow gets over 50% of AVZ shareholders to support them they could spill the board. But the important question is would a new board be approved by FIRB when Deeland are obviously linked to a Chinese company like Zijin?

Especially seeing as giving a Chinese company a seat on the AVZ board was not allowed previously. This could be the reason Zijin are using Deeland which is headquartered in the UK as a surrogate but FIRB would see right through that imo

Deeland are claiming they want to take AVZ off the ASX so FIRB might not even care. The key thing is the deposit isn't in Australia. What FIRB were upset about with Yibin Tianyi was a Chinese government backed entity having a vote on the board of an ASX listed company. If that company isn't listed anymore because it has been bought out then there is no longer a direct concern about 'Australia’s national interest' for FIRB to consider imo

Here's my post on September 8th:

20221224_182922.jpg

20221224_182937.jpg


Zijin weren't crashing AVZ's share price to try and devalue AVZ's offer to Cominiere. They were deliberately crashing (through disinformation and imo share sales) the AVZ share price while using Mupande to delay the licence to make a hostile takeover cheaper. The ASX are aware of this and that is why they are happy to let AVZ drift on endlessly in suspension imo

From the AGM:

We knew Chinese would have a crack, but we did not expect parts of DRC government to be in on it?

A: Nor did we - “we thought it was gambit by Chinese groups to get project cheapest way. We weren’t aware it was also elements of the government complicit. We can’t go into it, but rest assured those people are being turned over within meetings with real information is being shared, and people put on the spot.

Collusion between all those 3 – namely Zijin, Jin Cheng, CAMI?

A: That would be astute thought

Interview NF mentioned once mentioned once decree issued 10 day period before Court could issue the licence. What happened?

A: This was a misunderstanding. As soon as your documentation was in order and issued, this talk of periods was regarding the ministerial decree. Other steps in way of ML – CAMI have held up the invoicing, illegally in our view.


Key words 'gambit by Chinese groups to get project cheapest way' imo

I remember someone from the German roadshows in April saying that Nigel told them a takeover offer had been made in the past few months but that the board didn't consider it serious. That offer was definitely from Zijin imo. When they got told no by AVZ they proceeded with their backup plan.

Think about the timing of when Zijin began spruiking that they 'bought' the 15% of Dathcom from Cominiere. That alleged event occurred in September 2021 but they didn't start making noise about it until around the time that AVZ got the ministerial decree in May 2022.

If they had moved earlier it may have put the granting of the licence to Dathcom at risk. Now Dathcom legally have the PE all Zijin would need to do if they buy out AVZ is get Mupande to finally calculate the surface rights and register the licence. A process which is meant to have a max of 5 days to happen in the DRC mining code but we have been waiting almost 8 months so far to be completed.

If Zijin are successful in launching a hostile takeover of AVZ they could also drop AVZ's defence against them at the ICC and pay off Cong to legally own 90% of Dathcom. They have no chance of winning at the ICC so I can't see any other reason they haven't officially dropped out yet.

Zijin have made no secret about their plans of moving into the battery value chain. They have the experience in mining and the money to build battery plants but like everyone else they don't have a secure supply of lithium. What better way of securing their goal of whole of supply chain control in renewables than by taking the best resource on earth from under the current market leader CATL's nose. Zijin are determined to get control of Manono whatever the cost.

At the alleged offer price of $1.53 AVZ would be valued at around $5.3b AUD. Add in another $200m for Cominiere, Dathomir and snacks for some DRC officials and Zijin would have it all. Zijin buying 90% of Dathcom for around $5.5b AUD before the mine is even touched would be the acquisition of the century imo

Maybe I've had too many pineapple infused eggnogs for Christmas and am just talking nonsense. Perhaps I would be thinking differently if I was drinking champagne.
 
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Dom1974

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Carlos, enjoyed reading your post and a bit of thought went into it. However, I think Zijin have shot themselves in the foot with the Cominiere sale. They were exposed by the IGF, they went on record backing out of the sale and have a poor record of worker abuse and sticking the finger up at complying with DRC laws. Even though Cominiere were the guilty party according to IGF, not hard to see that Zijin were in it for the steal and Govt would have seen right through that. I’m sure Marius would have also had some words to say to Felix about Zijin’s true intentions.

Even if your theory came to fruition, Felix and the whole DRC Ministry would not let Zijin come within 10 feet of Manono. Would you if you found out they tried to rip your country off to the value of $120m+ plus their poor track record? Leaving the whole battery schematic and vision of the DRC Govt to a company of thieves is not in their best interests and the US would also be in their ear and pull out any potential investments and their current MOU to support the battery value chain initiative with Zambia.

All imo.
 
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Carlos, enjoyed reading your post and a bit of thought went into it. However, I think Zijin have shot themselves in the foot with the Cominiere sale. They were exposed by the IGF, they went on record backing out of the sale and have a poor record of worker abuse and sticking the finger up at complying with DRC laws. Even though Cominiere were the guilty party according to IGF, not hard to see that Zijin were in it for the steal and Govt would have seen right through that. I’m sure Marius would have also had some words to say to Felix about Zijin’s true intentions.

Even if your theory came to fruition, Felix and the whole DRC Ministry would not let Zijin come within 10 feet of Manono. Would you if you found out they tried to rip your country off to the value of $120m+ plus their poor track record? Leaving the whole battery schematic and vision of the DRC Govt to a company of thieves is not in their best interests and the US would also be in their ear and pull out any potential investments and their current MOU to support the battery value chain initiative with Zambia.

All imo.
I agree but was just trying to shine a light on Zijin's intentions in this shit show. Let's see what happens. Lions gonna lion.
20221225_195231.jpg
 
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Dom1974

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Yet Mupande was one of the signatories required to grant the decree. I heard this is a fake account.

Another point of interest is the Dathcom JV. The PE has been granted based on the existing JV. If another party moves in, wouldn’t it render this JV dissolved and therefore PE is no longer valid? Can’t just hand a PE over to another entity.

Also AVZI hold all the intellectual property over drill data, feasibility study, mining plan, infrastructure etc. Doubt they would hand this over to anyone on a silver platter.

So would Zijin say need to recommence the whole 5 year process undertaken by AVZ to get where they are today? Think Govt would wait that long when there’s already a party at the table ready to start building the mine.

Then there’s the consideration of offtakes and financing. How long will that take for Zijin to prove all of that and do their own feasibility study?

If Govt grants PE to another entity bypassing all of this after AVZ has done the hard yards for the last five years, goes against everything they are trying to stamp out.

Anyway, just my ramblings while I’m trying to digest the 5kg of food I had today.
 
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Yet Mupande was one of the signatories required to grant the decree. I heard this is a fake account.

Another point of interest is the Dathcom JV. The PE has been granted based on the existing JV. If another party moves in, wouldn’t it render this JV dissolved and therefore PE is no longer valid? Can’t just hand a PE over to another entity.

Also AVZI hold all the intellectual property over drill data, feasibility study, mining plan, infrastructure etc. Doubt they would hand this over to anyone on a silver platter.

So would Zijin say need to recommence the whole 5 year process undertaken by AVZ to get where they are today? Think Govt would wait that long when there’s already a party at the table ready to start building the mine.

Then there’s the consideration of offtakes and financing. How long will that take for Zijin to prove all of that and do their own feasibility study?

If Govt grants PE to another entity bypassing all of this after AVZ has done the hard yards for the last five years, goes against everything they are trying to stamp out.

Anyway, just my ramblings while I’m trying to digest the 5kg of food I had today.
It's not a fake account imo

I agree with everything else you say but Mupande currently holds the keys to the kingdom. He may be a clown but he has repeatedly proven that he has the ability to win over the crowd no matter who the king is.

Jesters do oft prove prophets
 
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DoubleA

Regular
So here's where it could get interesting. The process for FIRB is:

If the potential acquirer is a foreign person, or is controlled (20%+) by a foreign person (including a foreign government), it may need to obtain prior clearance from the Federal Treasurer, through the Foreign Investment Review Board (FIRB). The Treasurer has power to block acquisitions that are contrary to Australia’s national interest, and make disposal orders if the acquisition has happened (see under 3. "Foreign investment regulation" below). In making his decision the Treasurer and FIRB will consult with a range of other government agencies (including competition, taxation, defence and security agencies).

Nigel said at the AGM that the seat on the board was the crucial part of the Yibin Tianyi deal in 2020 that FIRB were against. If Deeland somehow gets over 50% of AVZ shareholders to support them they could spill the board. But the important question is would a new board be approved by FIRB when Deeland are obviously linked to a Chinese company like Zijin?

Especially seeing as giving a Chinese company a seat on the AVZ board was not allowed previously. This could be the reason Zijin are using Deeland which is headquartered in the UK as a surrogate but FIRB would see right through that imo

Deeland are claiming they want to take AVZ off the ASX so FIRB might not even care. The key thing is the deposit isn't in Australia. What FIRB were upset about with Yibin Tianyi was a Chinese government backed entity having a vote on the board of an ASX listed company. If that company isn't listed anymore because it has been bought out then there is no longer a direct concern about 'Australia’s national interest' for FIRB to consider imo

Here's my post on September 8th:

View attachment 25284
View attachment 25285

Zijin weren't crashing AVZ's share price to try and devalue AVZ's offer to Cominiere. They were deliberately crashing (through disinformation and imo share sales) the AVZ share price while using Mupande to delay the licence to make a hostile takeover cheaper. The ASX are aware of this and that is why they are happy to let AVZ drift on endlessly in suspension imo

From the AGM:

We knew Chinese would have a crack, but we did not expect parts of DRC government to be in on it?

A: Nor did we - “we thought it was gambit by Chinese groups to get project cheapest way. We weren’t aware it was also elements of the government complicit. We can’t go into it, but rest assured those people are being turned over within meetings with real information is being shared, and people put on the spot.

Collusion between all those 3 – namely Zijin, Jin Cheng, CAMI?

A: That would be astute thought

Interview NF mentioned once mentioned once decree issued 10 day period before Court could issue the licence. What happened?

A: This was a misunderstanding. As soon as your documentation was in order and issued, this talk of periods was regarding the ministerial decree. Other steps in way of ML – CAMI have held up the invoicing, illegally in our view.


Key words 'gambit by Chinese groups to get project cheapest way' imo

I remember someone from the German roadshows in April saying that Nigel told them a takeover offer had been made in the past few months but that the board didn't consider it serious. That offer was definitely from Zijin imo. When they got told no by AVZ they proceeded with their backup plan.

Think about the timing of when Zijin began spruiking that they 'bought' the 15% of Dathcom from Cominiere. That alleged event occurred in September 2021 but they didn't start making noise about it until around the time that AVZ got the ministerial decree in May 2022.

If they had moved earlier it may have put the granting of the licence to Dathcom at risk. Now Dathcom legally have the PE all Zijin would need to do if they buy out AVZ is get Mupande to finally calculate the surface rights and register the licence. A process which is meant to have a max of 5 days to happen in the DRC mining code but we have been waiting almost 8 months so far to be completed.

If Zijin are successful in launching a hostile takeover of AVZ they could also drop AVZ's defence against them at the ICC and pay off Cong to legally own 90% of Dathcom. They have no chance of winning at the ICC so I can't see any other reason they haven't officially dropped out yet.

Zijin have made no secret about their plans of moving into the battery value chain. They have the experience in mining and the money to build battery plants but like everyone else they don't have a secure supply of lithium. What better way of securing their goal of whole of supply chain control in renewables than by taking the best resource on earth from under the current market leader CATL's nose. Zijin are determined to get control of Manono whatever the cost.

At the alleged offer price of $1.53 AVZ would be valued at around $5.3b AUD. Add in another $200m for Cominiere, Dathomir and snacks for some DRC officials and Zijin would have it all. Zijin buying 90% of Dathcom for around $5.5b AUD before the mine is even touched would be the acquisition of the century imo

Maybe I've had too many pineapple infused eggnogs for Christmas and am just talking nonsense. Perhaps I would be thinking differently if I was drinking champagne.

Your line of thinking seems logical. Something along these lines could well be the way this ends.

The Chinese want to control and mine Manono. The Chinese are not spending time and money delaying this project and participating in a misinformation campaign for months on end for no reason. We know they really want it.

When I try to figure out why people are doing things I always look at what they have to gain. Whoever is circulating this "Deeland offer" information seems to be anti AVZ. If they were a simple troll would it not be more likely that they would say "this is going to 5c/zero etc" rather than quoting a price around all time high share price (although Manono is worth far more)? If they were simply trying to troll people and inflict maximum pain and stress, then you would think they would get more enjoyment putting forward the potential of holders losing all their money. The fact that they have quoted a much higher price makes me suspect that this is something different, although I do not know exactly what. What I do know is that the Chinese are circling this project and looking for a way to obtain it. They ARE up to something.

The article I read was worded in such a way that this offer appeared like a good way out for long suffering shareholders. The Chinese have put so much effort into making it seem like this project will never get off the ground, many shareholders on this forum and elsewhere are disillusioned. This creates an environment where a much lower offer seems better than it really is.

I would much prefer if the mining licence was able to be granted and then we said to them, ok $3.
 
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DoubleA

Regular
Carlos, enjoyed reading your post and a bit of thought went into it. However, I think Zijin have shot themselves in the foot with the Cominiere sale. They were exposed by the IGF, they went on record backing out of the sale and have a poor record of worker abuse and sticking the finger up at complying with DRC laws. Even though Cominiere were the guilty party according to IGF, not hard to see that Zijin were in it for the steal and Govt would have seen right through that. I’m sure Marius would have also had some words to say to Felix about Zijin’s true intentions.

Even if your theory came to fruition, Felix and the whole DRC Ministry would not let Zijin come within 10 feet of Manono. Would you if you found out they tried to rip your country off to the value of $120m+ plus their poor track record? Leaving the whole battery schematic and vision of the DRC Govt to a company of thieves is not in their best interests and the US would also be in their ear and pull out any potential investments and their current MOU to support the battery value chain initiative with Zambia.

All imo.

If DRC government came straight out and said right, Zijin get out of the country, Princess fired/locked up, Mupande fired/locked up, then I would agree with you that Zijin really shot themselves in the foot.

The reality is that DRC have not done this and Zijin have been robbing DRC for decades. $10 million for example is a gigantic amount of money in DRC. It is totally life changing for an individual in DRC and generations going forward of their family, but it is pocket change for Zijin. This means that Zijin really can exploit DRC by bribing a small number of key players who are motivated to sell out the country and let China steal the resources. The Chinese still have many key players on the books, which is the reason they have been able to stall the project for as long as they have.

IGF have released some findings but there is so much corruption in DRC and they are so poor, that it is difficult to get these Chinese companies out when they have so much money.

I think it is more likely that Zijin go, oh sorry about that, you can keep the $6 million deposit we paid (likely discussed at the meeting with the Princess and other meetings). They then will negotiate a higher price for the rest, whether they think they can get it for $150m or more.
 
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antimatter

Regular
Can't dive for lobster like, so has to buy from the tank in the market.

Merry Christmas and Happy 2023 everyone.

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Retrobyte

Hates a beer

Harvard professor explains ‘heart-wrenching’ source of electric vehicle, iPhone batteries​

A Harvard professor and modern slavery activist has spoken to Joe Rogan about the “appalling” truth behind the iPhone sitting in your pocket.

Jeffrey Clark — NY Post

December 26, 2022 - 9:39AM


Tech companies are trying to clean up the way they source cobalt, a key ingredient in batteries for smartphones, laptops and electric cars. The mineral is often dug by hand under hazardous conditions in the Democratic Republic of Congo. Photo: Alexandra Wexler/The Wall Street Journal

https://www.news.com.au/finance/bus...x/news-story/4cc379beb4dc9bb0667e0d652fed3bbb
A Harvard visiting professor and modern slavery activist has exposed the “appalling” cobalt mining industry in the Congo on a recent episode of The Joe Rogan Experience that went viral.
The video has already racked up more than one million views and counting.
Siddharth Kara, author of Cobalt Red: How The Blood of The Congo Powers Our Lives, told podcast host Joe Rogan that there’s no such thing as “clean cobalt”.
“That’s all marketing,” Prof Kara said.
A child and a woman work in a cobalt pit in Lubumbashi. Picture: Junior Kannah/AFP

A child and a woman work in a cobalt pit in Lubumbashi. Picture: Junior Kannah/AFP
Prof Kara told Rogan that the level of “suffering” of the Congolese people working in cobalt mines was astounding.
When asked by Rogan if there was any cobalt mine in the Congo that did not rely on “child labour” or “slavery”, Prof Kara told him there were none.
“I’ve never seen one and I’ve been to almost all the major industrial cobalt mines [in the country],” he said.
One reason for that is that the demand for cobalt is exceptionally high.
“Cobalt is in every single lithium, rechargeable battery manufactured in the world today,” he explained.



‘Congo is sitting on more cobalt than the rest of the planet combined.’ Picture: Kenny Katombe/Reuters

‘Congo is sitting on more cobalt than the rest of the planet combined.’ Picture: Kenny Katombe/Reuters
As a result, it’s difficult to think of a piece of technology that does not rely on cobalt to function, Prof Kara said. “Every smartphone, every tablet, every laptop and crucially, every electric vehicle” needs the mineral.
“We can’t function on a day-to-day basis without cobalt, and three-fourths of the supply is coming out of the Congo,” he added. “And it’s being mined in appalling, heart-wrenching, dangerous conditions.”
But “by and large the world doesn’t know what’s happening” in the Congo, Prof Kara said.
“I don’t think people are aware of how horrible it is,” Rogan agreed.
Chunks of raw cobalt at a plant in Congo. Picture: AFP/Getty

Chunks of raw cobalt at a plant in Congo. Picture: AFP/Getty
The Biden administration recently entered into an agreement with the Democratic Republic of the Congo and Zambia to bolster the green energy supply chain, despite the DRC’s documented issues with child labour.
Cobalt initially “took off because it was used in lithium-ion batteries to maximise their charge and stability”, Prof Kara explained.
“And it just so happened that the Congo is sitting on more cobalt than the rest of the planet combined,” he added.

As a result, the Congo, a country of roughly 90 million people, became the centre of a geopolitical conflict over valuable minerals.
“Before anyone knew what was happening, [the] Chinese government [and] Chinese mining companies took control of almost all the big mines and the local population has been displaced,” Prof Kara said.
Subsequently, the Congolese are “under duress”.
“They dig in absolutely subhuman, gut-wrenching conditions for a dollar a day, feeding cobalt up the supply chain into all the phones, all the tablets, and especially electric cars,” he said.

British rapper Zuby recommended that his nearly one million followers watch the interview.
“This latest Joe Rogan Experience podcast is heavy,” he wrote. “If you have a smartphone or electric vehicle (that’s 100 per cent of you) then I strongly recommend listening to it.”
Some, if not all, of the famous tech and energy companies in the world are implicated in the humanitarian crisis, Prof Kara said.
“This is the bottom of the supply chain of your iPhone, of your Tesla, of your Samsung,” he said.

Editor’s note: Many new Tesla vehicles use cobalt-free technology.
 
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hedrox

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Screenshot 2022-12-26 at 2.04.58 pm.png
 
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BEISHA

Top 20
So here's where it could get interesting. The process for FIRB is:

If the potential acquirer is a foreign person, or is controlled (20%+) by a foreign person (including a foreign government), it may need to obtain prior clearance from the Federal Treasurer, through the Foreign Investment Review Board (FIRB). The Treasurer has power to block acquisitions that are contrary to Australia’s national interest, and make disposal orders if the acquisition has happened (see under 3. "Foreign investment regulation" below). In making his decision the Treasurer and FIRB will consult with a range of other government agencies (including competition, taxation, defence and security agencies).

Nigel said at the AGM that the seat on the board was the crucial part of the Yibin Tianyi deal in 2020 that FIRB were against. If Deeland somehow gets over 50% of AVZ shareholders to support them they could spill the board. But the important question is would a new board be approved by FIRB when Deeland are obviously linked to a Chinese company like Zijin?

Especially seeing as giving a Chinese company a seat on the AVZ board was not allowed previously. This could be the reason Zijin are using Deeland which is headquartered in the UK as a surrogate but FIRB would see right through that imo

Deeland are claiming they want to take AVZ off the ASX so FIRB might not even care. The key thing is the deposit isn't in Australia. What FIRB were upset about with Yibin Tianyi was a Chinese government backed entity having a vote on the board of an ASX listed company. If that company isn't listed anymore because it has been bought out then there is no longer a direct concern about 'Australia’s national interest' for FIRB to consider imo

Here's my post on September 8th:

View attachment 25284
View attachment 25285

Zijin weren't crashing AVZ's share price to try and devalue AVZ's offer to Cominiere. They were deliberately crashing (through disinformation and imo share sales) the AVZ share price while using Mupande to delay the licence to make a hostile takeover cheaper. The ASX are aware of this and that is why they are happy to let AVZ drift on endlessly in suspension imo

From the AGM:

We knew Chinese would have a crack, but we did not expect parts of DRC government to be in on it?

A: Nor did we - “we thought it was gambit by Chinese groups to get project cheapest way. We weren’t aware it was also elements of the government complicit. We can’t go into it, but rest assured those people are being turned over within meetings with real information is being shared, and people put on the spot.

Collusion between all those 3 – namely Zijin, Jin Cheng, CAMI?

A: That would be astute thought

Interview NF mentioned once mentioned once decree issued 10 day period before Court could issue the licence. What happened?

A: This was a misunderstanding. As soon as your documentation was in order and issued, this talk of periods was regarding the ministerial decree. Other steps in way of ML – CAMI have held up the invoicing, illegally in our view.


Key words 'gambit by Chinese groups to get project cheapest way' imo

I remember someone from the German roadshows in April saying that Nigel told them a takeover offer had been made in the past few months but that the board didn't consider it serious. That offer was definitely from Zijin imo. When they got told no by AVZ they proceeded with their backup plan.

Think about the timing of when Zijin began spruiking that they 'bought' the 15% of Dathcom from Cominiere. That alleged event occurred in September 2021 but they didn't start making noise about it until around the time that AVZ got the ministerial decree in May 2022.

If they had moved earlier it may have put the granting of the licence to Dathcom at risk. Now Dathcom legally have the PE all Zijin would need to do if they buy out AVZ is get Mupande to finally calculate the surface rights and register the licence. A process which is meant to have a max of 5 days to happen in the DRC mining code but we have been waiting almost 8 months so far to be completed.

If Zijin are successful in launching a hostile takeover of AVZ they could also drop AVZ's defence against them at the ICC and pay off Cong to legally own 90% of Dathcom. They have no chance of winning at the ICC so I can't see any other reason they haven't officially dropped out yet.

Zijin have made no secret about their plans of moving into the battery value chain. They have the experience in mining and the money to build battery plants but like everyone else they don't have a secure supply of lithium. What better way of securing their goal of whole of supply chain control in renewables than by taking the best resource on earth from under the current market leader CATL's nose. Zijin are determined to get control of Manono whatever the cost.

At the alleged offer price of $1.53 AVZ would be valued at around $5.3b AUD. Add in another $200m for Cominiere, Dathomir and snacks for some DRC officials and Zijin would have it all. Zijin buying 90% of Dathcom for around $5.5b AUD before the mine is even touched would be the acquisition of the century imo

Maybe I've had too many pineapple infused eggnogs for Christmas and am just talking nonsense. Perhaps I would would be thinking differently if I was drinking champagne.
Interesting thoughts Carlos.

If memory serves me well ( happy to be corrected ), initially , in the early days, YIBIN offered $80 - 100m for 20% of AVZ, not AVZ / DATHCOM, which in turn got rejected by the FIRB.

For a " hostile take over" of AVZ , with FIRB bypassed, ZIJIN needs to gain control of AVZ DATHCOM......hence the two ICC arbitration cases in play with ZIJIN / DATHOMIR.............a collective 30% in play there.

Personally, ZIJIN / DATHOMIR dont have a hope in winning those 2 cases, given the available evidence, but if for some reason the statement " spurious in nature and with no material effect " doesnt hold up, then that would put a cat amongst the pigeons......which would then put the CATH JV under spot light.

What gets me is, CHINA as a whole ( SHENZEN , GANGFENG, CATH etc ) have a full uptake of supply, so why halt / delay the process of construction / production of RD ?

Well, IMO, its pretty clear, they want full control of MANONO so they can control the price of lithium world wide PLUS have ample supply.

Having a look at the AVZ top 20 register, a sobering thought is YIBIN / HUAYOU / BELLAMEL have a shit load of voting power..........I wonder what it would take to make BNP PARIBAS / CITICORP to look the other way..........:unsure:

Add into the mix DRC govt debt to China via BELT & ROAD and China involvement in DRC as a whole for 30+ yrs, i have no doubt the screws are being applied

NIGEL can say what he wants, but in my mind, this extended suspension shit show is all about CONTROL..........by hook or by crook.

2023 is going to be pressure cooker scenario.

Lets hope good over comes evil !


imo
 
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