AVZ Discussion 2022

DiscoDanNZ

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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 .
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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.


Give Tommy the Twat Engine hell!
 
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Spikerama

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Guys what was the potential tax revenue for DRC calculated per day for. I remember a figure of 300,000 USD but that seems like a lot.

Basically I want to know what are they potentially loosing every single day of delay. and then do a calculation based on... what are we at now? 40 weeks? So 280 days worth?

I'm working on something which might be cool.
 
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Jazz

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Guys what was the potential tax revenue for DRC calculated per day for. I remember a figure of 300,000 USD but that seems like a lot.

Basically I want to know what are they potentially loosing every single day of delay. and then do a calculation based on... what are we at now? 40 weeks? So 280 days worth?

I'm working on something which might be cool.
I thought management had stated $1m per week.
 
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Spikerama

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I thought management had stated $1m per week.

So they have lost 40 million in tax already? Nah that can't be right surely,..?
 
Guys what was the potential tax revenue for DRC calculated per day for. I remember a figure of 300,000 USD but that seems like a lot.

Basically I want to know what are they potentially loosing every single day of delay. and then do a calculation based on... what are we at now? 40 weeks? So 280 days worth?

I'm working on something which might be cool.
I thought management had stated $1m per week.
So they have lost 40 million in tax already? Nah that can't be right surely,..?
It's $1m USD profit per day for Dathcom at the planned 4.5mta output in the DFS. Which would mean $300k USD per day in tax revenue for the DRC government under their current 30% company tax rate.

So far the DRC government has missed out on $84.6m USD (300k x 282 days) in future tax revenue because of the delays. Potentially much more considering the DFS spodumene price is a lot lower than what it will be in reality and there's a good chance output will be ramped up to 10mta sooner rather than later.
 
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CashKing

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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 .
Anyone remember when we were apparently land locked and no chance of getting it out etc…. Ohhh and trading ?

How those fuckas got our land locked situation wrong… 🤨

GLTAH
 
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Samus

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Samus

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:unsure:

#RDC : The PR @fatshi13, expected this Sunday, February 12 in Australia.
 
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CHB

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Winenut

GO AVZ!!!!
There seems to be a select few leading the narrative on the forum these days

Like to think they know fucking everything too

Do they?

What do they know???

What do they want you to think or do....and why??????

Fucks me off.....just quietly
 
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Hudnut

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Meh. Doesn't worry me at all. Sitting back taking in all the points of view, including the ridiculous.

Truth is, we have NFI what the BoD is up to, what their strategy is, how much they know, how much influence in the DRC they have.

The DRC Ministers themselves don't know who took what paper bag and when in return for what as they all maneuver around each other. I don't see how the AVZ BoD are expected to know.

There are all sorts of conclusions being drawn that aren't necessarily true.

One is that the BoD were blindsided by the rescinded decrees. They may have been. But:
- That needed to be done to being 13559 back together, so I'd hope they expected that to happen at some point.
- The wording re: legal advice in this matter is not clear, and there is conjecture if that is to make sure it complies properly with the mining code (lessons learnt).
- The might not have known the exact timing of the release, but that doesn't surprise me given "DRC time".

Second is all the rubbish re: the usefulness of the announcement re: Marius.
I say that as a good thing (this is also a public warning to AFR that once this is sorted one way or the other, AVZ if going to extract some flesh from those on the sidelines insinuating they are engaging in corrupt practices and making the BoD jobs harder than it needs to be by being quoting in DRC press and affecting public sentiment).

Not only that, they weren't just defending themselves, but defending Marius who is our conduit to DRC Government. Gotta set the record straight ASAP re: the terms of his engagement and trustworthiness.

The BoD may be talking to Felix (photo opportunities mean stuff all to me), or they may not. Marius might be (lobbying is what he's paid for). He might not.

The only thing I know for certain has happened in the last few weeks is that:
- The incorrectly split tenement decrees have been rescinded, which needed to happen.
- Felix's announced reshuffle has had a few due dates come and go (Gee, I wonder why the BoD couldn't give us firm dates for ML?)
- The AFR's insurance lawyers are going to get some work due to Tommy's poor attempt at a hatchet job on Marius.

As for when a further decree gets issued, what it's for, if the MoP gets the arse (given she seems to be supporting Felix in the election), how connected AVZ are to higher levels of government, whether that's via Marius or directly......I have NFI.
 
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M.Bison

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BRICK

Where’s Zeebot 😶‍🌫️
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DiscoDanNZ

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Quick!

Somoneone role out Tony Abbot to "shirtfront" him!

:ROFLMAO:

Why the fuck would you want him around?

Last seen eating raw onions, wearing lycra over his budgie smugglers and being a fucken bigot while clinging on to George Pells casket I heard.
 
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TDITD

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Meeting with Andrew Forrest from memory.
All the way out here, he would bloody well make time for a meeting with AVZ surely? Surely shirley
 
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Bin59

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TS: 30.05 till 32.10 - minister of portfolio draft decree on prevention of selling off mining assets valuation.”

 
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Charbella

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TS: 30.05 till 32.10 - minister of portfolio draft decree on prevention of selling off mining assets valuation.”


At 30.05 - I heard Minister of Mines draft decree not Minister of Portfolio.
 
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BRICK

Where’s Zeebot 😶‍🌫️
Why the fuck would you want him around?

Last seen eating raw onions, wearing lycra over his budgie smugglers and being a fucken bigot while clinging on to George Pells casket I heard.
:ROFLMAO:

2B4D29CD00000578-3195205-image-a-8_1439391903265.jpg
 
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