AVZ Discussion 2022

[Frank]

JULES ALINGETE IGF: “If you think that by becoming CEO or Ministers it is your turn to get rich, I promise you that it would be your turn to go to prison” This deserves to be listened to by ALL
@AndyBemba
@BatoaWeber

All IGF inspectors called to stop their work by August 30

Several inspectors from the General Inspectorate of Finance, IGF have just confirmed the information concerning the instruction given by the Head of State, Félix Antoine Tshilombo Tshisekedi to Jules Alingete, the main inspector, to call back all the inspectors on a mission of financial control in public institutions and enterprises.

As of September 1, no more financial control in the institutions and companies of the Congolese state.

The last inspectors who control public institutions and companies therefore have until August 30, 2023 to definitively return to their initial assignment position, that is to say at the IGF.

For several of these inspectors, Jules Alingete was not sincere and courageous during the information meeting held a few days ago at the premises of the IGF in Gombe.

The latter believe that he lied to the inspector controllers that they are all recalled no later than August 30 to their initial assignment to undergo training for a few months:

“What is this training of a few months which strangely occurs before the period of the electoral campaign?

What is this training that requires all controller inspectors to take it all at the same time?

Shouldn't the so-called training be staggered to two or even three teams to allow the continuity of the IGF's investigations during this election period?

Finally, the IGF inspectors who anonymously denounce the political shenanigans to draw money from the state coffers in order to finance the presidential and legislative campaign of Félix Antoine Tshilombo Tshisekedi and his partners in the sacred union.

mediacongo

 

[Frank]

 

[Frank]

 

[pow4ade]

John, please leave Collingwood supporters out of this
As a reminder
View attachment 43175

Sat, 30 Sept 2023, works for me

 

[TDITD]

View attachment 43220

X was going off tonight between a few big players including Kiki, Joe and Cybelle.

My take away from the last week or so is :

There has been a definite change of tone from the influencers, PR05 has made the changes and they know more or are reading between the lines on his appointments.

With Cominiere, they too have changed tone. No longer with sociopath Kibeya spewing lies firing at a rate similar to an AK-47 attacking AVZ for daring to want laws and agreements adhered to. Through the media Kibeya is now asking for communication. Quite the change.

Why clear out CAMI of the untouchable Mupande and his loyal minions (#FuckMupande). Only to keep a far more mortal Kibeya around?
Him and lisette are now front and centre at Cominiere. If this goes to ICC & ICSID, they lose. DRC loses $10Bil+USD, maybe this has been relayed to him. Or just maybe the penny dropped for ol Mensa Kibeya the trolley engineer.

The influencers are pushing for communication. DRC media pushing too. Looks like we can ask for our ROFR now.

Can't say I'd be happy at all with Kibeya sniffing around a money making mine after what he has shown to be, that's just asking for fucking trouble.

The media puts AVZ 75% and Cominiere 25%. 10 to state and they have to stump up 15% of total costs to fund the project. We all know they are broke (not just morally). Sooo

Are we about to get our ROFR deal?
Have we offered the old deal that Franck put up ages ago?

Are we getting closer or is it another fucking mirage

 

[oxxa23]

View attachment 43226
Sat, 30 Sept 2023, works for me

Who's she?

 

[cruiser51]

All IGF inspectors called to stop their work by August 30

Several inspectors from the General Inspectorate of Finance, IGF have just confirmed the information concerning the instruction given by the Head of State, Félix Antoine Tshilombo Tshisekedi to Jules Alingete, the main inspector, to call back all the inspectors on a mission of financial control in public institutions and enterprises.

As of September 1, no more financial control in the institutions and companies of the Congolese state.

The last inspectors who control public institutions and companies therefore have until August 30, 2023 to definitively return to their initial assignment position, that is to say at the IGF.

For several of these inspectors, Jules Alingete was not sincere and courageous during the information meeting held a few days ago at the premises of the IGF in Gombe.

The latter believe that he lied to the inspector controllers that they are all recalled no later than August 30 to their initial assignment to undergo training for a few months:

“What is this training of a few months which strangely occurs before the period of the electoral campaign?

What is this training that requires all controller inspectors to take it all at the same time?

Shouldn't the so-called training be staggered to two or even three teams to allow the continuity of the IGF's investigations during this election period?

Finally, the IGF inspectors who anonymously denounce the political shenanigans to draw money from the state coffers in order to finance the presidential and legislative campaign of Félix Antoine Tshilombo Tshisekedi and his partners in the sacred union.

mediacongo


View attachment 43215

​

DRC: Faced with the mismanagement deplored by Tshisekedi, the IGF intends to intensify its financial surveillance of public entities​

• Monday, August 28, 2023 - 2:47 p.m.

Faced with a management criticized by President Félix Tshisekedi, the General Inspectorate of Finance (IGF) intends to strengthen its vigilance on the finances of public companies and establishments.
At the 110th meeting of the Council of Ministers, the Head of State highlighted the need for public officials to adopt, in all circumstances, managerial conduct based on good governance, in order to ensure better performance. .

Mr. Tshisekedi highlighted the management shortcomings, regularly denounced and identified by the IGF as well as other control structures.
He pointed out that these shortcomings have persisted in part because of the inaction of the auditors. The latter, having received a legal audit mandate from the State, should have certified the annual accounts after verifying the sincerity and conformity of the financial data in accordance with the standards of good governance.

In the wake of these criticisms, the IGF reiterated its determination to maintain active financial monitoring within public entities to combat practices contrary to sound management.
“The financial patrol, which aims to monitor and control certain financial operations upstream, will remain a central mission of the IGF to counter any drift in public management,” the organization said on its Twitter account on August 27, 2023.

Since Félix Tshisekedi is head of state and with the appointment of Jules Alingete Key to the management of the IGF, the organization has made the fight against financial fraud its priority.
This initiative is widely welcomed by the Congolese population.
The financial patrol of the IGF plays a major role in the mobilization of public revenues.
According to Jules Alingete, it remains the main tool for eliminating bad practices in the management of public finances.

Clement MUAMBA

 

[cruiser51]

With 35% taxes, 10% stake in Dathcom and 8% stake in $AVZ (in the event of the sale of 15% of Cominière) as well as a little over 10% in the value chain, the State holds approximately 60% of the project's net revenues over the long term. Without any investment!

 

[Mr Inappropriate]

With 35% taxes, 10% stake in Dathcom and 8% stake in $AVZ (in the event of the sale of 15% of Cominière) as well as a little over 10% in the value chain, the State holds approximately 60% of the project's net revenues over the long term. Without any investment!

Or…
Maybe…
The Minister of Mines could just follow the law (the Mining Code)
CAMI could just follow the law and issue the surface rights fee
Cominier could just follow the letter of the Dathcom JV agreement and facilitate final sale of % so we can all go mining.

It’s just a thought. Silly me and my crazy out-of-the-box thinking…

#Fuckzijin

 

[Xerof]

Financial Patrol in companies and public establishments. No instructions from the President of the Republic to end the control. The
@IgfRdc will relentlessly pursue the monitoring of all public entities before and after the 2023 elections.


More push-back around the various interpretations of what's ACTUALLY going on.

ffs

but this comment is directly from Jesus......

 

[Uglybob]

Sounds like Felix knows there's dirt on him and is trying to block it. I'm doubting more and more that he'll win the election with the way things are going.

 

[Tursty]

With 35% taxes, 10% stake in Dathcom and 8% stake in $AVZ (in the event of the sale of 15% of Cominière) as well as a little over 10% in the value chain, the State holds approximately 60% of the project's net revenues over the long term. Without any investment!

Do I need to go back to school and learn Math again, or is this part the craziest bit of this whole thing. Cominiere is trying to say AVZ want it all.

How is this not a good deal for the DRC, when they have invested NOTHING, and walk away with ~45% of the profit?

 

[wombat74]

"Are we getting closer or is it another fucking mirage? "

Reckon it's just a mirage . Everything has changed but nothing has changed . Stall tactics still in play .

 

[Doc]

T

"Are we getting closer or is it another fucking mirage? "

Reckon it's just a mirage . Everything has changed but nothing has changed . Stall tactics still in play .

It’s all an illusion

 

[wombat74]

Said it once and will say it again - Strand the asset, leave it to the courts. The time for negotiation was 12 months ago.

(Sorry for all holders doing it tough, myself included)

Is that in the best interest of the SH ? I think not .

 

[Hodlandwin69]

Do I need to go back to school and learn Math again, or is this part the craziest bit of this whole thing. Cominiere is trying to say AVZ want it all.

How is this not a good deal for the DRC, when they have invested NOTHING, and walk away with ~45% of the profit?

View attachment 43241

Please correct me if I'm wrong, but doesn't the SEZ have some tax free period or something? Like 2 years? I don't know specifics, please enlighten me, but perhaps they're annoyed about that as tax revenues is clearly a large chunk

 

[Hodlandwin69]

Please correct me if I'm wrong, but doesn't the SEZ have some tax free period or something? Like 2 years? I don't know specifics, please enlighten me, but perhaps they're annoyed about that as tax revenues is clearly a large chunk

And different tax laws, not just standard 35% or whatever

 

[Azzler]

And different tax laws, not just standard 35% or whatever

It was a 2 year tax free period to compensate for 10% free carried.
However everything is probably renegotiated, that may or may not still stand.
Yes I didn't realise tax was 35%, seems excessive, not sure if it's right.

 

[Skar]

Is that in the best interest of the SH ? I think not .

Without having access to the facts and with clarity of hindsight, I still question how we have gone from a well-funded position and imminent ML to almost out of capital and further (decree cancelled, multiple legal challenges, etc) from an ML. Maybe management are negotiating and don't want to show their hand... but as an investor, all that capital we burnt through drilling and paying BOD for an inactive asset, has seemingly seriously weakened our position and opened me up to significant dilution.

We have to show our hand before we run out of capital (which was the Chinese strategy all along). I just hope I am wrong and NF pulls a rabbit out of a hat.... otherwise I am destined to a 9-5 for another 20 years or so.... unless there is another 25 bagger like AVZ in the mix .

 

[The Fox]

EY's Report Mid 2022

Page 371

https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/tax/tax-guides/2022/ey-worldwide-corporate-tax-guide-02-aug-2022.pdf#page=379?download

PWC Report End 2022

Congo, Democratic Republic of the - Overview

Overview of business environment/doing business in the Democratic Republic of the Congo as it pertains to taxation, both individual and corporate

taxsummaries.pwc.com