AVZ Discussion 2022

[Cumquat Cap]

Makes sense . Pick up 24% for the very discounted price of $240 mil for starters . Take the remaining 51% at fair value . Very pleased we got another round of drilling completed .

First 24% is a TIA and has not been executed. I hope avz presses for full value of our 75%. 24% TIA was a gift to have their expertise - we won’t need shit once were bought out. CMOC have a terrible reputation like zjin but DRC doesn’t care.
Just my opinion

 

[TDITD]

Julien Paluku welcomes the CATL-CMOC -RDC partnership in the manufacture of electric batteries​

The Minister of Industry, Julien Paluku during his speech in Fuzhou, China.
Photo Third Party Rights.

Published on Wed, 05/07/2023 - 15:08 | Modified on Wed, 05/07/2023 - 15:09

On Tuesday, July 4, the Congolese Minister of Industry, Julien Paluku, welcomed the "win-win" partnership between CATL-CMOC and the DRC in the manufacture of electric batteries.
He said this during his visit to Shanghai (China) to the facilities of the company CMOC, specialized in the refinery of metals that are used in the manufacture of precursors of electric batteries.
"I am very happy to find myself here, because I am here after the President of the Republic Félix Tshisekedi received them (NDL: the representatives of two Chinese firms) in Kinshasa. So we will share around the vision of the President of the Republic who would like to develop a value chain for the entire battery industry in the DRC. We welcome the availability of CATL and CMOC to be able to accompany the Head of State in this great vision that wants to make the DRC the locomotive of the economy of all Africa..."
The city of Shanghai, the economic capital of China, was the last step in the economic mission of the Congolese Minister of Industry.
Last weekend, Julien Paluku reiterated his call to the CATL company to support the Congolese project to manufacture electric batteries.
Read also on radiookapi.net:
Julien Paluku encourages CATL to support the electric battery manufacturing project in Haut-Katanga
The DRC presents its industrialization master plan at the China-Africa Forum in Dakar

 

[wombat74]

First 24% is a TIA and has not been executed. I hope avz presses for full value of our 75%. 24% TIA was a gift to have their expertise - we won’t need shit once were bought out. CMOC have a terrible reputation like zjin but DRC doesn’t care.
Just my opinion

That could depend on our relationship with Mr Pei . Will this be a sale with or without the ML ? 51% on updated resource is still a good payday . Whatever gets us out of this crap for $2-$2.50 per share is fine with me .

 

[CHB]

So assuming it's CATL, how do they get pass FIRB given deboss's latest wink?

 

[TheCount]

So assuming it's CATL, how do they get pass FIRB given deboss's latest wink?

Communist Labor is currently in charge of Federal Politics - won't take much to change the earlier ruling.
Don't know the last time Deboss was right in all this mess too.
TC.

 

[John25]

That could depend on our relationship with Mr Pei . Will this be a sale with or without the ML ? 51% on updated resource is still a good payday . Whatever gets us out of this crap for $2-$2.50 per share is fine with me .

Just putting it out there Wombat …we have a good relationship with Mr Pei …Our BoD shouted him to dinner at the local chinese restaurant on his visit,JAG’s boat was still being cleaned from last outing …just a reminder thats Ben on the left & Nigel on the right
Then again it could’ve been local uber eats driver Wonhunglow delivering a meal after they successfully Bull Shited their way through the Royal Shit Shows & AGM

 

[wombat74]

So assuming it's CATL, how do they get pass FIRB given deboss's latest wink?

Is it a TO or a Sale ? Dathcom or AVZ ?

 

[Cumquat Cap]

I think a sale of Dathcom then avz shareholders get a special dividend. What’s the guess out board use it as leverage to keep avz alive and retain a % of the sale proceeds to do so. I think we should demand full distribution if we get sold for this hell hole we’ve been through and I wouldn’t want to invest in avz management any time soon

 

[wombat74]

I think a sale of Dathcom then avz shareholders get a special dividend. What’s the guess out board use it as leverage to keep avz alive and retain a % of the sale proceeds to do so. I think we should demand full distribution if we get sold for this hell hole we’ve been through and I wouldn’t want to invest in avz management any time soon

That had crossed my mind as well . AVZ bank the money for new projects . The SP decides the value .

 

[Scoota30]

That had crossed my mind as well . AVZ bank the money for new projects . The SP decides the value .

They were talking about eventually finding a new deposit. But my god, you would think that the best BoD on the ASX would be just about as much over this shitshow as all of us are and they would be happy to take a good sale price and ride off into the sunset.

 

[Xerof]

I see AVZ is still marketed as the top sponsor for this meet. At least according to these people.

Could one of you smarties with editing, change the wording to:

CREATING WEALTH FOR A FEW CORRUPT MINISTERS OF STATE AND CHINA'S BATTERY METALS INDUSTRY VALUE CHAIN

and perhaps it can be used to spam the pricks endlessly until September

 

[CHB]

Is it a TO or a Sale ? Dathcom or AVZ ?

That didn't matter for Yibin or whoever it was back in the day though did it? FIRB still said no

 

[Dom1974]

If it's a special dividend, is this not treated as income and everyone would get taxed at their current tax rate? I hope the Board will let us trade again, so I can sell out and claim CGT discount before the EGM vote. SP would shoot up that the TO price on open. Works out better for LTHs you would think?

 

[Cumquat Cap]

I would love if we trade again as well, not have to pay capital gains in the DRC either those pricks don’t deserve any tax (feel for the general population).

 

[Miljew91]

If it's a special dividend, is this not treated as income and everyone would get taxed at their current tax rate? I hope the Board will let us trade again, so I can sell out and claim CGT discount before the EGM vote. SP would shoot up that the TO price on open. Works out better for LTHs you would think?

No, gets taxed at 30%

 

[Flight996]

If it's a special dividend, is this not treated as income and everyone would get taxed at their current tax rate? I hope the Board will let us trade again, so I can sell out and claim CGT discount before the EGM vote. SP would shoot up that the TO price on open. Works out better for LTHs you would think?

A special dividend will just be added to your existing income for tax purposes, and probably not attract franking credits.

A return of capital however, is treated under the adjusted cost base rules of capital gains tax.

The best outcome for us retailers would be for AVZ to return to trading when the shitfuckery ends and with ML in hand, and we can decide when and how many to sell depending on our personal circumstances.

Cheers
F

 

[Azzler]

If it's a special dividend, is this not treated as income and everyone would get taxed at their current tax rate? I hope the Board will let us trade again, so I can sell out and claim CGT discount before the EGM vote. SP would shoot up that the TO price on open. Works out better for LTHs you would think?

Oh christ I hadn't thought of that! This would really wipe out profits considering DRC get 30% off the bat from the sale.
I had it figured at around 55% with half CGT, but this would be more like 35% of the sale price.
God that's a bit shit.

 

[Rediah]

I see AVZ is still marketed as the top sponsor for this meet. At least according to these people.

Could one of you smarties with editing, change the wording to:

CREATING WEALTH FOR A FEW CORRUPT MINISTERS OF STATE AND CHINA'S BATTERY METALS INDUSTRY VALUE CHAIN

and perhaps it can be used to spam the pricks endlessly until September

 

[Samus]

Who cares, get us out of this shitshow!
Better than waiting for 10 years for a payout from a broke government.
Time to cough up CATL and CMOC.
Our management just need to secure the licence ffs. Mr Pee Pees can take care of the snacks.

 

[Azzler]

Maybe I'm just irreparably damaged from all this, but 'IF' (big if) the BOD can get us out of this in a satisfactory manner then IMO they have done a pretty good job. Hold the pitchforks for a moment,

Lets be honest, I think we all expected a little corruption, a little cheeky scamp behaviour. BUT FARKEN HELL not this ungodly level of rat-fuckery hell-inviting corruption and pond scum thats crawled from literally every shit-covered gutter in the DRC. Its been a veritable who's who of corruption from Mupande to Kayinda upto Lukonde, every single fucker has been involved and not one of us expected that, especially in the face of Felix and his special highly imaginative stories he told to get elected, you know something about corruption and fighting it ?

The BOD have had to fight for years, while probably getting offered bribes themselves, also being threatened with their lives and all sorts of BS, Cominiere BS, Graeme being convicted in their joke of a court system . In all of the noise, the pressure, the threats, the no doubt strain on relationships business and probably families (as many of us have likely had too) they have held firm and played a game that keeps us in it. Remember AJM people, they folded faster than a cockpunch from bags. Our management IF they can get a result deserve respect (IMO)

If they get us a result they have then taken on CCP & DRC Govt & Corruption itself it seems and won, a pretty fucking big achievement.
I would follow them into another company ONLY if it wasn't in another corrupt greedy scum-infested shithole of course.

Just my opinion, oh an if they fuck it up everyone can go fuck themselves.........


postal time

Well said mate.