Zijin want the ML .They want control . imoI dont think things are lost..............not by a long shot!
FT doesnt want to ruffle feathers with the Chinese, cause they have a strangle hold on the DRC financially and want their pound of flesh in return, plus they could be very influencial when it comes to FT re-election prospects......positively or negatively
So essentially, FT is asking AVZ to compromise and smoothe the waters with the likes of Zijin, possibly MMCS too, which gives FT a soft landing.
So the choices..........If AVZ want to go mining, then go to bed with ZIJIN , allow them the PREEMPTION 15% but require them to pay full market value and recompense AVZ a percentage for the capital outlay to get the DFS to favourable opinion status..............demand they drop the ICC case.
ZIJIN then contributes 15% to to the capital requirements for construction of RD..........less BFS for AVZ to seek.
ZIJIN are good mining constructors, so an advantage in that regard
AVZ should also seek to obtain 100% exploration rights regards to CDL, but probably will have to offer up a JV with Zijin on generous terms.
As long as AVZ retain 51% control of Manono ( as per DRC law........whatever that means these days ), then its still a license to print money big time.
The chinese always like to win, so even tho AVZ loses pre-emption, which was never a given in the first place, then its still a WIN WIN for all parties
The other choice is a TO.............but i aint smart enuff to understand how that would play out ....
Alot more smarter posters here that could explain that one.........especially regards to bypassing FIRB.
imo
AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
This is so accurate, the parents being the fucking IDIOTS they are have gone an put the ice-cream in the fridge.
Honestly though, nothing to sort out with Zijin or Cong (jesus cong even got his $$ so off he goes). The Government have IGF findings for crying out loud, its not like two equals here. So if the Government are that incredibly gormless then we wait for ICC and take that to them, sorted.
Then in that case...................TO and lets get the fuck out.
Honestly........I have NFI.
Complete and utter head fuck!
TDITD
Top 20
You bastard, you've only got a headache from this
Samus
Top 20
Logic says yes, the reason for the initial trading halt seems to be well and truly sorted.
We are fucked on so many levels.
Bull Market
Member
You would think so as the reason for the trading halt no longer appears to be there. It will be an ugly reopen for us holders.
Dijon101
Regular
my initial thoughts like a lot of us here was "we're fucked"
Had a shit and a shower and took a few deep breaths and thought through things on a different angle than doom and gloom.
Everyone has taken the view that it's been someone, be it comi, zinjin or such blocking progress to the ML.
What if everyone has gotten it wrong and it was AVZ that did not want to progress to ML as the terms in the ministerial decree were not favorable or to AVZ's liking.
i.e.
The ministerial decree splitting of 13359 was not to the liking of AVZ
and
the ministerial degree progressing 13359 to a PE or mining license with Zinjin as a stakeholder was contrary to AVZ's interests.
hence the statement about ongoing disagreements, conflicts and differences between shareholders that have stalled the project.
For the project to go ahead as per the mining code, with the entirety of 13359 intact and with Zinjin not a stakeholder of Dathcom. Wouldn't these previous ministerial decree's have to be rescinded and then new decree's issued? new decree's that don't split 13359 and don't include Zinjin as a stake holder of Dathcom.
Even if I'm wrong about it being AVZ not being the party stalling the progression to ML. It makes sense to me that if Zinjin got in the back door and AVZ did not want them as a stakeholder, these are the steps they'd have to go down to get Zinjin and any other unwanted stakeholders off the project.
in a nutshell "we (AVZ) are not going to production or moving forward with Zinjin as a stakeholder"
Had a shit and a shower and took a few deep breaths and thought through things on a different angle than doom and gloom.
Everyone has taken the view that it's been someone, be it comi, zinjin or such blocking progress to the ML.
What if everyone has gotten it wrong and it was AVZ that did not want to progress to ML as the terms in the ministerial decree were not favorable or to AVZ's liking.
i.e.
The ministerial decree splitting of 13359 was not to the liking of AVZ
and
the ministerial degree progressing 13359 to a PE or mining license with Zinjin as a stakeholder was contrary to AVZ's interests.
hence the statement about ongoing disagreements, conflicts and differences between shareholders that have stalled the project.
For the project to go ahead as per the mining code, with the entirety of 13359 intact and with Zinjin not a stakeholder of Dathcom. Wouldn't these previous ministerial decree's have to be rescinded and then new decree's issued? new decree's that don't split 13359 and don't include Zinjin as a stake holder of Dathcom.
Even if I'm wrong about it being AVZ not being the party stalling the progression to ML. It makes sense to me that if Zinjin got in the back door and AVZ did not want them as a stakeholder, these are the steps they'd have to go down to get Zinjin and any other unwanted stakeholders off the project.
in a nutshell "we (AVZ) are not going to production or moving forward with Zinjin as a stakeholder"
CashKing
Regular
That's kinda how i looked at it, same as Amovatio's post on HC.
"Before you issue a new Licence to cover the entire region (that which AVZ is wanting) the Government would have to withdraw both licences which were originally issued.This is the first step in the process. Land titles disputes would take ages if this happened in Aus.
The next step will be to issue a new licence to cover the full mining area."
But to be honest WHO FUCKING KNOWS and FUCK THIS SHIT.....
GLTAH
Faaaaaarrrken
Not sure what my TO price would be anymore.
I do know that Fatty wants to resolve this problem with the minimum of effort and the avoidance of squashed Chinese toes.
Election looming.
I can be an obtuse SoB, my initial reaction is to play hardball and let the clock run down as it appears we have enough $$ to wait it out.
Let Fatty worry about the election while we keep screaming from MB's play book about the corruption and injustice.
And get rid of those FW lawyers and slash all unnecessary costs.
Or maybe we play the game get fucked over and end up with 50c.
To continue Spike's brilliant analogy.
Just say no.
Nobody gets ice cream unless we get the share we were promised.
Not sure what my TO price would be anymore.
I do know that Fatty wants to resolve this problem with the minimum of effort and the avoidance of squashed Chinese toes.
Election looming.
I can be an obtuse SoB, my initial reaction is to play hardball and let the clock run down as it appears we have enough $$ to wait it out.
Let Fatty worry about the election while we keep screaming from MB's play book about the corruption and injustice.
And get rid of those FW lawyers and slash all unnecessary costs.
Or maybe we play the game get fucked over and end up with 50c.
To continue Spike's brilliant analogy.
Just say no.
Nobody gets ice cream unless we get the share we were promised.
It's not a conflict of interest.
He told you
Dijon101
Regular
I'm with you on this..
fucking massive resource at the right fucking time in history in the wrong fucking country.
buying myself some CBD gummies to zen out and actually try and help me get more than 3 hours sleep.
FUCKING KUNTS!!
there i've cracked it... going for a walk
Winenut
GO AVZ!!!!
I dont think things are lost..............not by a long shot!
FT doesnt want to ruffle feathers with the Chinese, cause they have a strangle hold on the DRC financially and want their pound of flesh in return, plus they could be very influencial when it comes to FT re-election prospects......positively or negatively
So essentially, FT is asking AVZ to compromise and smoothe the waters with the likes of Zijin, possibly MMCS too, which gives FT a soft landing.
So the choices..........If AVZ want to go mining, then go to bed with ZIJIN , allow them the PREEMPTION 15% but require them to pay full market value and recompense AVZ a percentage for the capital outlay to get the DFS to favourable opinion status..............demand they drop the ICC case.
ZIJIN then contributes 15% to to the capital requirements for construction of RD..........less BFS for AVZ to seek.
ZIJIN are good mining constructors, so an advantage in that regard
AVZ should also seek to obtain 100% exploration rights regards to CDL, but probably will have to offer up a JV with Zijin on generous terms.
As long as AVZ retain 51% control of Manono ( as per DRC law........whatever that means these days ), then its still a license to print money big time.
The chinese always like to win, so even tho AVZ loses pre-emption, which was never a given in the first place, then its still a WIN WIN for all parties
The other choice is a TO.............but i aint smart enuff to understand how that would play out ....
Alot more smarter posters here that could explain that one.........especially regards to bypassing FIRB.
imo
From my musings I reckon the TO would be someone buying out AVZ's interest in Dathcom
The entity everyone wants 51% minimum of is Dathcom....because it's Dathcom that was in line to receive the ML
I don't think Dathcom is an Oz domiciled entity so therefore FIRB has no jurisdiction
I assume if something like that was to happen the AVZ useless fucking BoD's would present a proposal to the poor cunt AVZ shareholders to get agreement on what was to happen with the transaction funds
Options I guess would be:
(a) distribute all proceeds and available cash to poor cunt shareholders and wind up AVZ....or.....
(b) the fucking prick BoD's keep the funds and look to take AVZ mining elsewhere
For the record...FUCK option (b) to kingdom come
Option b would require shareholder approval, no?
That said - that is my understanding of how things would play out in a TO. But our holding in dathcom is in AVZI, Is it not ?
that, or we work with FIRB for approval of sale of avz.
Flexi
Regular
As much as I hope Amovatio's post on HC is true I have little faith. If that was the case AVZ would have been consulted and not now seeking legal direction. My biggest Angst I have with the BOD is the BULLSHIT they continually stated in announcements how they were engaged in discussions with high level Govt reps re SEZ and Licence. What a load of CRAP from a bunch of wankers. SHAME.
I'm going for a walk also straight to the bottle shop after my forced shitty day at WORK
Mickyb64
Regular
I just got back from a walk, it didn't help.
Sammy_da_Smile
Regular
AFR article out right on cue. Tommy claims he informed AVZ office on the weekend and should have been thanked for providing such information.
If I sent them an email can I also claim to have informed them?
Not going to bother sharing it, but here are translations from the decree snips they kindly shared, which really mean stuff all and they omitted the finer details.
If I sent them an email can I also claim to have informed them?
Not going to bother sharing it, but here are translations from the decree snips they kindly shared, which really mean stuff all and they omitted the finer details.
CashKing
Regular
Fuck T Bag Tommy wants AVZ to thank him, Hahahahhahaha what a goose.AFR article out right on cue. Tommy claims he informed AVZ office on the weekend and should have been thanked for providing such information.
If I sent them an email can I also claim to have informed them?
Not going to bother sharing it, but here are translations from the decree snips they kindly shared, which really mean stuff all and they omitted the finer details.
View attachment 28755
View attachment 28756
View attachment 28757
View attachment 28758
Fuck me this shit just keeps on getting more fucked up..
GLTAH
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