AVZ Discussion 2022

[Winenut]

Look at how this smiling evil untrustworthy crook and his tawdry mates have unofficially and illegally associated MMGA with AVZ in their logo!!!

It's almost unbelievable

"I" think "they're" stupid enough to think ......."here's an idea.....haw haw haw....we're so smart....haw haw haw.....AVZ/MMGA....no-one will know.......haw haw haw....we'll show them....haw haw haw".....

What a fucking bunch of absolute amateur flogs

A five year old would be commercially mature and astute enough to consider that idea in a micro second and just go...........

ummmmm......................

nah.......

They are seriously fucking bereft

 

[Thaz]

A little research that I did on our good friend, Mr. Carrick. He's employment history doesn't seem to be all that great. the companies he has touched all seemed to have been left up shit creek it seems.

Full Name: Mr. Michael Joseph Carrick
CA ID: 001215013
Date Joined CA: 1981-12-31
Designation: CA in South Africa and Australia.

Employment/Director History

RTG Mining Inc.
Term as director: 28/3/2012.
Key highlights: https://www.theguardian.com/world/2...company-of-lying-to-australian-stock-exchange

Japan Gold:
Independent director


CGA Mining
Director/CEO: Merged with B2Gold in 2013. Resigned as a director in B2Gold in 2014. Share price eroded - but then eventually went back up.



First quarter production at the recently acquired Masbate Mine in the Philippines was 43,554 ounces of gold compared to the CGA Mining budgeted number of 48,321 ounces of gold. B2Gold's forecast gold production for the Masbate Mine was estimated at 43,894 ounces for the first quarter and between 175,000 and 185,000 ounces for the year as compared to CGA Mining guidance of 200,000 ounces. 2013 production will be impacted by a change out of the old SAG mill with a new SAG mill to be delivered in late August or September. B2Gold and Masbate engineers and geologists are working towards an updated geological model and mine plan which will incorporate drilling from the 2012 exploration program. B2Gold's technical team believes the new reserve and mine plan will be completed by mid-2013. The updated mine plan will be used to provide B2Gold guidance for 2013 production and cash cost numbers. The Company's technical team will also be reviewing potential expansion plans for Masbate based on the updated geological model. Guidance for the potential expansion of the Masbate mill is targeted for completion by early 2014.

Resolute
CEO
https://www.miningnews.net/leadership/news/1191352/carrick-calls-quits

AGR Ltd
Director

AGR heads for Mongolian gold

A year after his inglorious exit as chief executive of Perth-based gold miner Resolute Ltd, Michael Carrick has bedded down a $120 million project financing deal to develop Mongolia's first major gold mine.

www.afr.com

Mr Carrick, in his new role as executive chairman of Perth-based AGR Ltd, confirmed yesterday the company had secured $US20 million ($38 million) in equity backing from the world's biggest uranium miner, Canada's Cameco Corp, to finance development of a gold mine at the Boroo project in Mongolia.

The finalisation of the Cameco deal, under which the Toronto- and New York-listed mining giant will emerge with a 52 per cent stake in AGR, coincided with the completition of a syndication process for a $US33 million project financing facility with Macquarie Bank.

The deal is a coup for AGR after Resolute walked away from a scrip merger proposal last year. Mr Carrick has been working on the Boroo financing deal since his departure from Resolute in February last year.

His departure followed a sharp erosion in the value of Resolute shares which gave control of the company to Sydney investor Duncan Saville via a significant holding of converting preference shares. Mr Carrick's successor at Resolute, Peter Sullivan, said in a statement that Resolute had advanced $3.2 million to AGR in the past two years in loans and the provision of technical services an amount he expected would be repaid within 30 days from the proceeds of the Cameco share placement.

St Augustine Gold and Copper Ltd
Director


Arthur Andersen
Senior International Partner

 

[Cumquat Cap]

That logo would have been done by video host Crux Investor. Carrick just a guest on their platform.

Bullshit from you as always. Carrick is a fat cunt and is corrupt as all hell.

 

[Winenut]

Bullshit from you as always. Carrick is a fat cunt and is corrupt as all hell.

Even if it was Crux I'm sure Michael Carrotdick got to view the whole thing in it's entirety and agreed to it before the interview was pushed to social media and....... if he did...... he's a fucking idiot

And if he didn't get to view the whole thing in it's entirety before the interview was pushed to social media........he's still a fucking idiot

 

[MoneyBags1348]

Even if it was Crux I'm sure Michael Carrotdick got to view the whole thing in it's entirety and agreed to it before the interview was pushed to social media and....... if he did...... he's a fucking idiot

And if he didn't get to view the whole thing in it's entirety before the interview was pushed to social media........he's still a fucking idiot

“Carrotdick”…. Quote of the week so far Nuts

 

[wombat74]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

 

[Winenut]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

 

[wombat74]

View attachment 47702

Why have the DRC/China jumped the gun here ? Why didn't they wait until after the AGM to steal the project from us ? Were they not confident the MMGA would get up? By stealing it now SH may cling to MMGA as a last hope / nothing left to lose option ? MMGA then betray AVZ take their snack bags and run . Looking forward to an update from Nigel in the coming days .

 

[Hodlandwin69]

Surely one of the directors nominated is a regular on here. Make yourself known cunts and speak to us simple folk

 

[Carlos Danger]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

Why have the DRC/China jumped the gun here ? Why didn't they wait until after the AGM to steal the project from us ? Were they not confident the MMGA would get up? By stealing it now SH may cling to MMGA as a last hope / nothing left to lose option ? MMGA then betray AVZ take their snack bags and run . Looking forward to an update from Nigel in the coming days .

The purpose of MMGA is either a cheap out of court settlement at the ICSID, a cheap sale of our 75% of Dathcom or to drop all arbitration and let Zijin have the north and proceed with whatever is left of our claim to RD. Zijin are clearly happy with just the north and MMGA agreeing to proceed with the south would mean they or the DRC government don't have to pay us anything.

An additional consideration is that MMGA and their goons on social media are constantly talking about resumption of trade for AVZ. Bin Guo clearly needs his money and I suspect some of the others behind this do too so that is a key reason why they have acted now. Also doing it through the AGM avoids needing the 5% to launch an EGM which could only be achieved by MMGA with Chinese names which FIRB would deny.

 

[wombat74]

The purpose of MMGA is either a cheap out of court settlement at the ICSID, a cheap sale of our 75% of Dathcom or to drop all arbitration and let Zijin have the north and proceed with whatever is left of our claim to RD. Zijin are clearly happy with just the north and MMGA agreeing to proceed with the south would mean they or the DRC government don't have to pay us anything.

An additional consideration is that MMGA and their goons on social media are constantly talking about resumption of trade for AVZ. Bin Guo clearly needs his money and I suspect some of the others behind this do to so that is another key reason why they have acted now.

Do you think RD is still a possibility ? I have my doubts .

 

[Carlos Danger]

Do you think RD is still a possibility ?

Edited my original post after you replied to include: Also doing it through the AGM avoids needing the 5% to launch an EGM which could only be achieved by MMGA with Chinese names which FIRB would deny.

Yes I think RD is definitely still on the table albeit clearly smaller than last time and we would need to sign a waiver so would never have the ability to claim any of the rest back imo

This deal is what Zijin want. That's the offer they made to Cominiere in exchange for giving up all claims to the purported transfer of the 15%. And clearly Zijin are the ones that have most influence within the corridors of power in the DRC. We can't even get a reply to appeals that we have rights to within the mining code without involving the gringos. Zijin could have easily taken the whole tenement. Extremely convenient that the bit we drilled is still sitting there ready to be used as a bargaining chip imo

 

[wombat74]

Edited my original post after you replied to include: Also doing it through the AGM avoids needing the 5% to launch an EGM which could only be achieved by MMGA with Chinese names which FIRB would deny.

Yes I think RD is definitely still on the table albeit clearly smaller than last time and we would need to sign a waiver so would never have the ability to claim any of the rest back imo

This deal is what Zijin want. That's the offer they made to Cominiere in exchange for giving up all claims to the purported transfer of the 15%. And clearly Zijin are the ones that have most influence within the corridors of power in the DRC. We can't even get a reply to appeals that we have rights to within the mining code without involving the gringos. Zijin could have easily taken the whole tenement. Extremely convenient that the bit we drilled is still sitting there ready to be used as a bargaining chip imo

Ok , so you are confident there is something on the table for AVZ re RD . Are SH better off if Nigel accepts the RD compromise Or are SH better off going to ICSID ? If AVZ would like to pay me a nice salary I'll go either way . Otherwise take the compromise and lets move forward . I know there are those that would rather lose all their money rather than compromise . I'd suggest they have peanuts invested . IMO

 

[Carlos Danger]

Ok , so you are confident there is something on the table for AVZ re RD . Are SH better off if Nigel accepts the RD compromise Or are SH better off going to ICSID ? If AVZ would like to pay me a nice salary I'll go either way . Otherwise take the compromise and lets move forward . IMO

Fairly confident but it is just guess work from me. But it would tick a lot of boxes for everyone except us. At this point we need the ICSID to even have a conversation so we have to continue down that path. Maximum long term value is only possible through award from the ICSID without a deal but it would take time. There's also still the possibility of a wildcard from Felix with the MoU although again I just don't see the point of negotiations unless they want us to give something up as an ML could be on Nigel's desk tomorrow if the MoM was so inclined. Or they're just wasting our time for the lulz in which case the ICSID is our only option anyway. Clearly the gringos got Felix spooked so I think we are still in the game but will need to compromise in some manner to move forward on the ground.

 

[Bin59]

.

Do you think RD is still a possibility ? I have my doubts .

According to a September 23 article it sounds like AJN are still trying/hoping to get access to our northern tenement through Congo Ressources

“Additionally, if the deal with the State and Congo Resources proceeds, he said AJN could tie up the whole northern extension of the Manono pegmatites.”

AJN Resources positioned for soaring lithium demand with lucrative DRC deposits

The Democratic Republic of Congo (DRC) is rich ground for lithium, a metal that is in increasing demand as the electric vehicle (EV) revolution gains...

www.proactiveinvestors.com.au

 

[Carlos Danger]

.

According to a September 23 article it sounds like AJN are still trying/hoping to get access to our northern tenement through Congo Ressources

“Additionally, if the deal with the State and Congo Resources proceeds, he said AJN could tie up the whole northern extension of the Manono pegmatites.”

AJN Resources positioned for soaring lithium demand with lucrative DRC deposits

The Democratic Republic of Congo (DRC) is rich ground for lithium, a metal that is in increasing demand as the electric vehicle (EV) revolution gains...

www.proactiveinvestors.com.au

The article clearly states AJN aren't getting north 13359 as that deal has 'stalled'. They can wish all they like but the only way they will be involved now is in a new deal with Zijin. Although it's not out of the question that they are a part of 'Manono Lithium'. There's also still the small matter of 4029 owned by AVZ sitting between north 13359 and the extention plays. The PR's they currently have (14537 under Future Mining Company and 15282 under Palm Resources) and others they are applying for are along the Manono pegamite extention trend. I've included screenshots of the CAMI portal showing the tenements. As well as the few not so subtle digs aimed towards Nigel.

'With a long history in the DRC and deep knowledge of its mining sector, exploration company AJN Resources Inc (CSE:AJN) is in a prime position to take advantage of the expected demand for the metal.

The company has staked out some of the country’s potentially most lucrative lithium deposits in the Eastern DRC.

“We started looking for projects in the Congo more than three years ago,” director and CFO Mark Gasson told Proactive.

“We signed an agreement with the state which outlined a new model for Congo. The idea was that the state would transfer 21 gold licences and one lithium license, the extension of the Manono pegmatites, into a local subsidiary, Congo Resources. AJN would acquire 100% of Congo Resources and the state would receive 60% of AJN's share capital.”

While the agreement with the DRC government has stalled, AJN’s own progress hasn’t.

“Due to delays from the State we decided it was time to go and find something else for AJN and we focused on lithium, simply because we know the lithium space very well.”

AJN’s prospective lithium projects in Eastern DRC are focused within a 500-kilometre zone roughly 120 kilometres wide, which goes from Katanga in the south of the country all the way up to Kalemie on Lake Tanganyika.

Most of the fieldwork so far has centred on the Kabunda South project, where a reconnaissance mapping and sampling program has revealed Spodumene within pegmatites visually identified across the full seven-kilometer (km) strike extent of the permit.

“We are in the process of sorting out our permitting for drilling at Kabunda and hope to be on-site within a month, and drilling at the latest by the end of October,” Gasson said.

Two more recently acquired licenses are on the Manono trend where AVZ Minerals defined 401 million tonnes grading 1.65% Li2O (lithium dioxide) at its Roche Dure prospect.

AJN has entered an option to acquire up to a 70% indirect interest in the lithium exploration permit PR 14537, which borders the recently optioned PR 15282 exploration property to the west and potentially covers four kilometres of a second pegmatite interpreted to crosscut the central licence area.

By conducting shallow drilling programs, it hopes to identify the extension of the Manono pegmatites onto both licences under agreement.

“It's interpreted that there are two pegmatites: one follows the granite contact, which runs all the way onto the PR 15282 license and the second interpreted pegmatite, has more of a northerly trend and that continues onto the latest acquisition, PR 14537.”

Gasson noted that AJN has both trends covered with the new licenses, with the possibility of acquiring an additional license between Manono and PR 14537.

Additionally, if the deal with the State and Congo Resources proceeds, he said AJN could tie up the whole northern extension of the Manono pegmatites.

In the meantime, the company is organizing drilling permits for the new license areas to carry out shallow RC drilling to identify the occurrence of pegmatites within the project areas.

With a huge appetite for new projects in the DRC, Gasson said exploration success with its projects is likely to attract attention, particularly from Chinese investors and lithium producers in the region who are trying to buy up as much prospective ground as possible.

“Congo is one of the countries where you have exceptional deposits and Manono is an excellent example,” he said.

“The infrastructure is already improving as a result of the earlier discoveries. I think it’s just a matter of time before there’s going to be a big acquisition drive for the bigger companies and we are in a prime position to be noticed.”

Attracting attention from larger players with deep pockets is part of AJN’s strategy. It takes projects up to the feasibility stage before bringing on a strategic partner to help fund development.

Apart from the lucrative licenses, Gasson said AJN’s on-the-ground knowledge and early mover advantage also work in its favour.

“We have a very big advantage, simply because both Klaus and myself have kept very good contacts with all the authorities; everybody knows who we are,” he said.

“At least one of us travels to Congo every two to three months, just to make sure that people know who we are. You have to show a presence to gain trust; you can't just operate remotely.”'

 

[Dazmac66]

On October 9th, AVZ makes an announcement regarding the progress towards a Memorandum of Understanding (MoU). Nigel Ferguson, after a meeting with the President, confidently assured presidential support. Prior photos captured Nigel grinning following discussions with the new Cami leadership, along with our ambassador's encounter with the President and our ongoing cooperation with other high-ranking DRC officials.

However, less than two weeks later, Carlos Danger states, "It is evident that, within the DRC legal system, we seem to have lost control over the tenement" (Carlos, I highly value your insight). Really, FFS can this be happening before our eyes? The only consolation I can draw comes from the final sentence below, emphasizing a "strict legal regulatory framework." Could it be that the relevant DRC institutions are merely addressing existing legally binding decisions, which may later be overturned through appeals and ICC judgments, ultimately resulting in the restoration of AVZ's ownership? I live in hope that this is what has been conveyed to Nigel by previously mentioned high-ranking officials.

 

[Retrobyte]

Surely one of the directors nominated is a regular on here. Make yourself known cunts and speak to us simple folk

All 16 of them might even be members here, including the Fat Cunt Tail threesome (NB. don't Google that, whatever you do)

 

[BEISHA]

View attachment 47716

BTW, Zijin’s head deep down thought they are a great ESG company.
10月21日，在2023亚布力中国企业家论坛厦门峰会上，紫金矿业董事长陈景河表示，矿业企业走出去是必然选择。而地缘政治问题，可能是不少走向海外的企业需要应对的一项风险。陈景河表示，有两点措施应对，第一是一定要非常规范；第二是把ESG体系和共同发展做到极致。陈景河也谈及了他对紫金矿业的愿景，希望公司在2025年能够进入全球矿业企业排名的前五，到2030年能够进入全球矿业企业排名的前三。

 

[Carlos Danger]

On October 9th, AVZ makes an announcement regarding the progress towards a Memorandum of Understanding (MoU). Nigel Ferguson, after a meeting with the President, confidently assured presidential support. Prior photos captured Nigel grinning following discussions with the new Cami leadership, along with our ambassador's encounter with the President and our ongoing cooperation with other high-ranking DRC officials.

However, less than two weeks later, Carlos Danger states, "It is evident that, within the DRC legal system, we seem to have lost control over the tenement" (Carlos, I highly value your insight). Really, FFS can this be happening before our eyes? The only consolation I can draw comes from the final sentence below, emphasizing a "strict legal regulatory framework." Could it be that the relevant DRC institutions are merely addressing existing legally binding decisions, which may later be overturned through appeals and ICC judgments, ultimately resulting in the restoration of AVZ's ownership? I live in hope that this is what has been conveyed to Nigel by previously mentioned high-ranking officials.

View attachment 47713

The MoM isn't on our or the mining codes side. We've had to go higher up which was only possible because of the ICSID. How that pans out I'm not sure but that's where we are at imo

Another possible deal that could be struck is that we take the south and are given other new tenements to explore as consolation for waiving our rights to that dirty haunted mica infested north 13359