AVZ Discussion 2022

[JNRB]

Yeah I 100% agree. I've backed the bod fighting for our rights all the way. But the DRC government has a shit tonne of leverage on us right now and I reckon they have decided to safeguard supply for their battery plants by controlling CDL.

Maybe the north JV won't be with AJN. Could be with someone else. Possibly the gringos.

View attachment 29348

DRC can legislate that extracted resources be processed in-country. They don't have to rely on majority ownership. That would be devestating to foreign investment, as would taking the resource from AVZ.

Also, I believe AVZ's offer for extra % of dathcom involved giving DRC some shares actually in AVZ (can't remember when that was discussed though)

Best and fastest option for DRC to see benefit from Manono is to boot dodgy actors and AVZ to develop. All the issues come from people that are not acting in DRC best interest. They had free reign to do so till now, but it's clear that's no longer the case. Will they push their luck on AVZ at risk of being booted out of their position entirely? It's all our nothing for Zijin maybe, but not all the corrupt ministers. They may give in on fighting avz lest they lose their cushy ministerial jobs

 

[ptlas]

Great discussion, great posts, but I still don't have a bloody clue what is really happening.

As @Sammael says it's time for the board to clarify things. Dead right but we know they almost certainly won't.

Overall, I remain upbeat. The fact that we're still in the game is a huge achievement and the tide is coming in.
Convinced we won't finish with nada but I have no idea how this will pan out.

Chin up chaps/lasses

 

[TDITD]

Yeah but this time it will be done with Dathcom's explicit approval that they waive the north as a PR or we don't get the PE for the south. Also keeps Zijin happy to drop their claim on the 15% of Dathcom if given the guarantee by Klaus of a buyout price down the line.

The DRC government will end up owning 60% of AJN. Any buyout by Zijin will still include the DRC government at 60%. It's a better deal for them and they maintain control of half the resource for their battery plants. So the state ends up holding at least 10% of RD and 60% of CDL instead of 10% of the whole tenement.

The MoM didn't cite the mining code which leaves the door open to the tenement still being partitioned in the future. If Dathcom were going to be involved with any potential JV in the north we would have already done so. The DRC government want a bigger slice of the pie and are going to use AVZ management's mistake of agreeing to the split to bully them into accepting it imo

Maybe I'm wrong. But if something like this is on the table I would 100% accept it at this stage. I'm more than happy to give up the north to a state controlled entity if it means moving forward on RD as a PE with AVZ holding at least 51% of Dathcom and avoiding the ICC. With or without Nigel as MD. He can always stay on as a 'consultant' like he is currently listed in short term employees under the management remunerations section of AVZ's annual report.

This is why we need to be in a room talking with them
Then we can tailor around what they want, “we have Manono ready for construction Felix, we can do the same for CDL in less time, we know this patch like the back of our hands, we have built up some goodwill so lets continue it with CDL, with us as partners you know everything is above board and we will fulfill our duties to the local population in Manono, they want us here and we want to be here”.
If they want more of CDL we can work shit out.
Remember we are offering them shares in AVZ, DRC gets dividends and ownership of a portion of AVZ which will continue to be worth more with expansions and battery plants.
Any deal with us is going to be better optics, better for the people, better for the state…..ffs why is this so hard

 

[DiscoDanNZ]

Great posts people, I've finally managed to catch up here. It just feels like were stuck on a fucken roundabout at the moment though doesn't it...

Heres the live traffic cam of the DRC Manono roundabout, see if you can spot AVZ trying to enter...

 

[Sammy_da_Smile]

My on the ground sauces (tomato) has informed me that the office lights were on all night …we must have someone at head office burning the candle ….Fuck rumours again …its just the AVZ book keeper doing our BoD monthly pays
View attachment 29340
View attachment 29341
View attachment 29342
View attachment 29343
View attachment 29344

 

[Modo]

I think we will get 60% of the south

Hope I'm wrong but if it's that or the DRC government seize the whole tenement and we have to spend years at the ICC I would accept it

Or take anything over 1.50 to go away

At 78c the market has priced in worse.

If can maintain 60%, do a new deal with CATL, the SP will come good, after a flash sale.

 

[tonster66]

I said months ago on HC, the bad guys are not going away. We remove one hurdle and they put another one in front of us.
Entertain a sale. Negotiations and agreements don't mean much to the bad guys. There would not be any trust if we had to work together.

Totally agree, no trust

 

[Mr Inappropriate]

Plus who owns almost 10 million shares in this company …but its not a conflict of interest but there again …”it non of our business” …A win/win …

And the insurance cover for Directors, paid for by us, just went through the roof. A coincidence, I’m sure.

 

[Onthefm]

And the insurance cover for Directors, paid for by us, just went through the roof. A coincidence, I’m sure.

I'm surprised they are insurable. That's the best deal they have ever made. I'll bet you that deal is rock solid.

 

[TDITD]

One thing need to be clear, zijin did not buy the 15% illegal, cominiere/MoP sold it illegal. Zijin made a offer and they accept it. The sold of was a breach of the jv contract and avz preemptive rights. So zijin can always use the argument that they don’t know it and just made a offer which was accepted by the government.

That’s why they now playing the I‘m a angel role and just want to progress the project, but bad avz is against it and take everything hostage, so we need to go against them.

The deal between zijin and cominiere was made 18 months ago. The government did not cancel it. Everyday they have the chance to do it but they don’t. There is no way to trust the government or believe they act to help us.

Zijin don’t want to go, they will fight in the ICC as long as they can. After one year waiting for the first session this icc case can take many months maybe year/s.

But the government clearly showed now they don’t want to wait, and they don’t want to cancel the zijin deal. Instead they canceled the ML. If there is no new decree until the end of February or begin of march it seems the 30 days timeline after the favorable technical decision is not active anymore. What I believe is absolutely not a good sign.

The drc is not doing things according to their laws. Any idiot should have learned that out by now. But I have the feeling our management believe they act good or believe what ever their lawyers told them. We still waiting for 2 years for the ML and now we are more away then before. I think our management will drive the bus into the tree. With their intransigence when it’s better to give up and renegotiate. I have the bad feeling they will fight until nothing left.

New axinocapital article stated:

„The suspension of AVZ Minerals shares from stock exchange trading will only end once the legal dispute has been finally decided. It is currently not possible to estimate when this point in time will have come. The shareholders must therefore expect that the suspension of the AVZ Minerals share from stock exchange trading will be repeatedly extended by two or four weeks in the coming weeks.“

So best management stay in country in meetings with officials till it's sorted
An best we don't fold for the Zijin and do their job for them.

 

[timb89]

One thing need to be clear, zijin did not buy the 15% illegal, cominiere/MoP sold it illegal. Zijin made a offer and they accept it. The sold of was a breach of the jv contract and avz preemptive rights. So zijin can always use the argument that they don’t know it and just made a offer which was accepted by the government.

That’s why they now playing the I‘m a angel role and just want to progress the project, but bad avz is against it and take everything hostage, so we need to go against them.

The deal between zijin and cominiere was made 18 months ago. The government did not cancel it. Everyday they have the chance to do it but they don’t. There is no way to trust the government or believe they act to help us.

Zijin don’t want to go, they will fight in the ICC as long as they can. After one year waiting for the first session this icc case can take many months maybe year/s.

But the government clearly showed now they don’t want to wait, and they don’t want to cancel the zijin deal. Instead they canceled the ML. If there is no new decree until the end of February or begin of march it seems the 30 days timeline after the favorable technical decision is not active anymore. What I believe is absolutely not a good sign.

The drc is not doing things according to their laws. Any idiot should have learned that out by now. But I have the feeling our management believe they act good or believe what ever their lawyers told them. We still waiting for 2 years for the ML and now we are more away then before. I think our management will drive the bus into the tree. With their intransigence when it’s better to give up and renegotiate. I have the bad feeling they will fight until nothing left.

New axinocapital article stated:

„The suspension of AVZ Minerals shares from stock exchange trading will only end once the legal dispute has been finally decided. It is currently not possible to estimate when this point in time will have come. The shareholders must therefore expect that the suspension of the AVZ Minerals share from stock exchange trading will be repeatedly extended by two or four weeks in the coming weeks.“

Can we use the phrase "accepted by the government"?

 

[MoneyBags1348]

One thing need to be clear, zijin did not buy the 15% illegal, cominiere/MoP sold it illegal. Zijin made a offer and they accept it. The sold of was a breach of the jv contract and avz preemptive rights. So zijin can always use the argument that they don’t know it and just made a offer which was accepted by the government.

That’s why they now playing the I‘m a angel role and just want to progress the project, but bad avz is against it and take everything hostage, so we need to go against them.

The deal between zijin and cominiere was made 18 months ago. The government did not cancel it. Everyday they have the chance to do it but they don’t. There is no way to trust the government or believe they act to help us.

Zijin don’t want to go, they will fight in the ICC as long as they can. After one year waiting for the first session this icc case can take many months maybe year/s.

But the government clearly showed now they don’t want to wait, and they don’t want to cancel the zijin deal. Instead they canceled the ML. If there is no new decree until the end of February or begin of march it seems the 30 days timeline after the favorable technical decision is not active anymore. What I believe is absolutely not a good sign.

The drc is not doing things according to their laws. Any idiot should have learned that out by now. But I have the feeling our management believe they act good or believe what ever their lawyers told them. We still waiting for 2 years for the ML and now we are more away then before. I think our management will drive the bus into the tree. With their intransigence when it’s better to give up and renegotiate. I have the bad feeling they will fight until nothing left.

New axinocapital article stated:

„The suspension of AVZ Minerals shares from stock exchange trading will only end once the legal dispute has been finally decided. It is currently not possible to estimate when this point in time will have come. The shareholders must therefore expect that the suspension of the AVZ Minerals share from stock exchange trading will be repeatedly extended by two or four weeks in the coming weeks.“

Wow Shemozzle…. You know in the past I told you I have appreciated your input (at a time when others criticised you) but mate for a psychologist anyone coming to you for therapy would leave wanting to kill themselves.

We are not further away than ever, the tenement is no longer split in two and we are still the majority owner. A lot of confidential negotiations and campaigning is being done and shareholder’s that aren’t panicking and journalists in the DRC are contributing to help our cause.

I know you have gone from being a potential millionaire (or multimillionaire) and supporting your nephew or another relative through private school, but if you can’t provide something positive or helpful here, then maybe it’s time you took a holiday to Turkey or Ukraine or Pakistan or North Kivu where women and children are getting butchered every day or even just one of the many flood ravaged or bushfire affected towns here in Australia.

Now I have got that off my chest…. I post here to support AVZ for the benefit of shareholder’s and to try and stop the doubt, negativity and misinformation spread by trolls and the likes of boatman and richardson.

Hopefully not everyone here gives into their doubts and fears and being obsessed about all the mistakes made in the past.

Right now my biggest concern is whether or not to smash my phone in case I can’t resist logging back in here tonight and then feeling I want to kill myself

 

[wombat74]

One thing need to be clear, zijin did not buy the 15% illegal, cominiere/MoP sold it illegal. Zijin made a offer and they accept it. The sold of was a breach of the jv contract and avz preemptive rights. So zijin can always use the argument that they don’t know it and just made a offer which was accepted by the government.

That’s why they now playing the I‘m a angel role and just want to progress the project, but bad avz is against it and take everything hostage, so we need to go against them.

The deal between zijin and cominiere was made 18 months ago. The government did not cancel it. Everyday they have the chance to do it but they don’t. There is no way to trust the government or believe they act to help us.

Zijin don’t want to go, they will fight in the ICC as long as they can. After one year waiting for the first session this icc case can take many months maybe year/s.

But the government clearly showed now they don’t want to wait, and they don’t want to cancel the zijin deal. Instead they canceled the ML. If there is no new decree until the end of February or begin of march it seems the 30 days timeline after the favorable technical decision is not active anymore. What I believe is absolutely not a good sign.

The drc is not doing things according to their laws. Any idiot should have learned that out by now. But I have the feeling our management believe they act good or believe what ever their lawyers told them. We still waiting for 2 years for the ML and now we are more away then before. I think our management will drive the bus into the tree. With their intransigence when it’s better to give up and renegotiate. I have the bad feeling they will fight until nothing left.

New axinocapital article stated:

„The suspension of AVZ Minerals shares from stock exchange trading will only end once the legal dispute has been finally decided. It is currently not possible to estimate when this point in time will have come. The shareholders must therefore expect that the suspension of the AVZ Minerals share from stock exchange trading will be repeatedly extended by two or four weeks in the coming weeks.“

Management will be getting a lot of heat from SH . I'm giving them heat on a regular basis and I know you are too Schmozzle . If they as you say will "drive the bus into the tree" when there are options on the table Nigel is going to get his arse kicked from here to Tim Buk Too .I agree with you Zijin are not going anywhere. I think Nigel will do what's in SH best interest .

 

[Fletch77]

At 78c the market has priced in worse.

If can maintain 60%, do a new deal with CATL, the SP will come good, after a flash sale.

I just had ptlas on the phone.. he said to “Fuck Off”

Vinnie - The Big Short

 

[Roon]

Wow Shemozzle…. You know in the past I told you I have appreciated your input (at a time when others criticised you) but mate for a psychologist anyone coming to you for therapy would leave wanting to kill themselves.

We are not further away than ever, the tenement is no longer split in two and we are still the majority owner. A lot of confidential negotiations and campaigning is being done and shareholder’s that aren’t panicking and journalists in the DRC are contributing to help our cause.

I know you have gone from being a potential millionaire (or multimillionaire) and supporting your nephew or another relative through private school, but if you can’t provide something positive or helpful here, then maybe it’s time you took a holiday to Turkey or Ukraine or Pakistan or North Kivu where women and children are getting butchered every day or even just one of the many flood ravaged or bushfire affected towns here in Australia.

Now I have got that off my chest…. I post here to support AVZ for the benefit of shareholder’s and to try and stop the doubt, negativity and misinformation spread by trolls and the likes of boatman and richardson.

Hopefully not everyone here gives into their doubts and fears and being obsessed about all the mistakes made in the past.

Right now my biggest concern is whether or not to smash my phone in case I can’t resist logging back in here tonight and then feeling I want to kill myself

A lot of confidential negotiations are being done? With whom? Where's that come from MB, I have seen no indication of that. Heck we were completely blindsided by the cancelling of the ML Decree, and even said we needed to find out what they intended by these decrees. That doesn't sound like the position of a company in the midst of confidential negotiations, if you meant with the government. It's a legitimate question by the way before you kick off, I'm wondering if I missed something suggesting we were in talks with DRC or our opponents, apart from the 'expediting comms' with the authorities claim from the last announcement

 

[obe wan]

A lot of confidential negotiations are being done? With whom? Where's that come from MB, I have seen no indication of that. Heck we were completely blindsided by the cancelling of the ML Decree, and even said we needed to find out what they intended by these decrees. That doesn't sound like the position of a company in the midst of confidential negotiations, if you meant with the government. It's a legitimate question by the way before you kick off, I'm wondering if I missed something suggesting we were in talks with DRC or our opponents, apart from the 'expediting comms' with the authorities claim from the last announcement

return flights weren’t used

 

[Samus]

 

[Samus]

#ManonoLithium When experts in the Congolese Mining sector talk about $AVZ , its credibility and HONESTY

#ManonoLithium They said - The feasibility study of $AVZ is 4.5/5 *** -
@AvzMinerals
is not a speculator. - #AVZ has not corrupted, it is under the control of the Australian police . - Better an Australian company than those who mistreat the Congolese.

 

[Carlos Danger]

return flights weren’t used

I guess the real question everyone should be asking is whether Nigel seems like the type of guy that reads Sun Tzu

 

[Samus]

NEWSECONOMY

Manono Lithium: Marius Mihigo files a complaint against journalist Tom Richardson and Financial Review for defamation and slander in order to harm AVZ and his person​

February 12, 2023
Kiki Kienge

By Kiki Kienge
In two articles published by the Australian media, Financial Review , the journalist Tom Richardson insinuated a kind of corruption in DR Congo to the loan of the authorities of the country on the part of Mr Marius Mihigo in his implication as strategic adviser of AVZ Minerals in the project Manono Lithium, in particular to the directors of the Australian lithium giant, AVZ Minerals, to pay Mr Mihigo more than the value of his work, of course not advancing any proof of this.
After the clarification of AVZ Minerals in a press release of the contract which binds it to the Congolese businessman, it is the turn of Marius Mihigo to denounce the false and defamatory declarations of the journalist Tom Richardson and of the Financial Review media on an unproven “corruption” never demonstrated by them.
You should know that the Congolese businessman, Mr. Marius Mihigo is not his first experience with AVZ Minerals in facilitating negotiations in the mining and other fields, in many countries. Even more than obtaining the exploration permit granted by the Congolese State to AVZ Minerals after feasibility studies financed by the Australians, but politically blocked, is the result of strategic work and expertise of Mr. Marius Mihigo .

Mr Marius Mihigo and the former President of Kenya, Uhuru Kenyatta
PRESS RELEASE
Marius Mihigo denounces the defamatory article by Tom Richardson Paris, February 12, 2023 Mr. Marius Mihigo, strategic advisor to the Australian mining company AVZ MINERALS LTD denounces the false allegations of corruption contained in the article by Mr. Tom Richardson, published by the Australian Financial Review media on February 8, 2023.
Through his tendentious and defamatory article, Mr. Tom Richardson wanted to make public opinion believe that Mr. Marius Mihigo was hired to carry out corruption actions with the competent authorities in the Democratic Republic of Congo in order to obtain the notification of the Exploitation License for the Manono lithium and tin Project in favor of DATHCOM MINING SA, of which AVZ is the majority shareholder.
Given the inaccurate information relayed by Mr. Richardson's article, AVZ MINERALS LTD, in a press release made public on February 10, 2023 in Perth, Australia, clarified the commitment agreements with Mr. Marius Mihigo. Mr. Mihigo, for his part, instructed his advisers in Australia to take all necessary measures in order to file a complaint without delay against the Australian Financial Review and against Mr. Tom Richardson for slanderous denunciation as well as for defamation.
About Mr. Marius Mihigo Marius Mihigo is an international consultant specializing in negotiations, economic intelligence and international business facilitation. He has been special envoy to several Heads of State and Government, special adviser and administrator of numerous non-State organizations as well as a volunteer with several charities. Press contact, Helmut Lawson Bonsu Partners – Press Relations & Public Relations Agency.

Manono Lithium : Marius Mihigo porte plainte contre le journaliste Tom Richardson et Financial Review pour diffamation et calomnie afin de nuire à AVZ et à sa personne - Kongo Presse

Par Kiki Kienge Dans deux articles publiés par le média Australien, Financial Review, le journaliste Tom Richardson insinuait une sorte de corruption en RD Congo au prêt des autorités du…

kongopress.com