Hodlandwin69
Regular
Surely one of the directors nominated is a regular on here. Make yourself known cunts and speak to us simple folk
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Carlos Danger
Top 20
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.
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Do you think RD is still a possibility ? I have my doubts .
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Carlos Danger
Top 20
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
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Carlos Danger
Top 20
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.
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Bin59
Regular
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“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.”
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
Top 20
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..
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
'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.”'
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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.
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
Hates a beer
All 16 of them might even be members here, including the Fat
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
Top 20
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
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Another thing I would ask , if the BoD lock in ICSID what are they going to be doing to earn their salaries ? Sitting around the office playing mahjong for the next couple of years ? Maybe for $20 bucks an hour but not for $350k a year thank you . They need to sort this sh1t out asap and get the AVZ show back on the road what ever it takes. IMO
Welcome to TSE Schmi
Yes, clearly things have changed with the Cami website and having given it a bit of thought over night, i refer to the above statement as a possible reason for that.
The second half of that statement is the most poignant imo, .........Entry into MOU will be a significant step towards the development of the Manono project, it will also maintain positive working relationships with all stake holders.
Could it be that MANONO LITHIUM is the amalgamation of the newly formed MOU ?
Now what entities could be involved in that MOU ?
Clearly AVZ will be part of it, CATH too, whispers that CMOC could be involved and of course DRC govt.
Will Zijin be involved ?..........I think not, ICC arbitration will find that ROFR was not legal, therefore they were not a participant in Dathcom in the first place.
What about Cominiere ?.........I think not, they had to cede 15% of their interest in Dathcom to DRC govt regardless.
On that Cami website, there is a clear definition between Roche Dure and CDL.
Could it be that exploitation ML gets awarded to AVZ for RD, thus activating the $240m Cath deal and a JV arrangement is concocted between AVZ, CMOC & CATH to explore CDL ?
Remember, DRC govt wouldnt want such a big project ( CDL ) to lay idle , whilst RD is constructed and AVZ only did a few drills in the southern part of CDL , so not alot of definition work was done on that project the last few years, so it would make sense to get other parties to join AVZ to accelerate that development.
As long as AVZ maintains 51% control, i would have no problem with that scenario.
The win , win ( positive working relationships with stake holders ) is that ICSID court case against DRC govt gets dropped , China still has significant involvement with Manono and tells Dathomir / Cong / Zijin to pull their head in...
Hopefully, come 23/11/23 at the AGM, MOU progress might have reached a stage whereby Nige could reveal more about this equation, therefore MMGA is irrelevant.
Its just my musings and i remain hopeful.
imo
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Carlos Danger
Top 20
Could be 9 of them soon too
MoneyBags1348
Top 20
View attachment 47718
Welcome to TSE Schmi
Yes, clearly things have changed with the Cami website and having given it a bit of thought over night, i refer to the above statement as a possible reason for that.
The second half of that statement is the most poignant imo, .........Entry into MOU will be a significant step towards the development of the Manono project, it will also maintain positive working relationships with all stake holders.
Could it be that MANONO LITHIUM is the amalgamation of the newly formed MOU ?
Now what entities could be involved in that MOU ?
Clearly AVZ will be part of it, CATH too, whispers that CMOC could be involved and of course DRC govt.
Will Zijin be involved ?..........I think not, ICC arbitration will find that ROFR was not legal, therefore they were not a participant in Dathcom in the first place.
What about Cominiere ?.........I think not, they had to cede 15% of their interest in Dathcom to DRC govt regardless.
On that Cami website, there is a clear definition between Roche Dure and CDL.
Could it be that exploitation ML gets awarded to AVZ for RD, thus activating the $240m Cath deal and a JV arrangement is concocted between AVZ, CMOC & CATH to explore CDL ?
Remember, DRC govt wouldnt want such a big project ( CDL ) to lay idle , whilst RD is constructed and AVZ only did a few drills in the southern part of CDL , so not alot of definition work was done on that project the last few years, so it would make sense to get other parties to join AVZ to accelerate that development.
As long as AVZ maintains 51% control, i would have no problem with that scenario.
The win , win ( positive working relationships with stake holders ) is that ICSID court case against DRC govt gets dropped , China still has significant involvement with Manono and tells Dathomir / Cong / Zijin to pull their head in...
Hopefully, come 23/11/23 at the AGM, MOU progress might have reached a stage whereby Nige could reveal more about this equation, therefore MMGA is irrelevant.
Its just my musings and i remain hopeful.
imo
Sorry BEISH, I’m afraid you are wrong mate. Cominiere and Zijin clearly trying to steal CDL…. Fat Tail (MMGA) are in on it
CAMI clearly want DRC to have greater ownership of projects and if they can’t get it from RD, they will try and get through Cominiere having a JV with Zijin
All illegal of course, and all in my opinion
I’m signing off now mate, as usual I already spend too much time here
Carlos Danger
Top 20
Hope you're right. Given the citing of the Dathcom JVA termination by MoM on top of her ignoring our appeal to the illegal cancelling of our ML decree plus the way CKK and all the other Zijin hood rats have been celebrating I seriously doubt it. But it's defo possible.View attachment 47718
Welcome to TSE Schmi
Yes, clearly things have changed with the Cami website and having given it a bit of thought over night, i refer to the above statement as a possible reason for that.
The second half of that statement is the most poignant imo, .........Entry into MOU will be a significant step towards the development of the Manono project, it will also maintain positive working relationships with all stake holders.
Could it be that MANONO LITHIUM is the amalgamation of the newly formed MOU ?
Now what entities could be involved in that MOU ?
Clearly AVZ will be part of it, CATH too, whispers that CMOC could be involved and of course DRC govt.
Will Zijin be involved ?..........I think not, ICC arbitration will find that ROFR was not legal, therefore they were not a participant in Dathcom in the first place.
What about Cominiere ?.........I think not, they had to cede 15% of their interest in Dathcom to DRC govt regardless.
On that Cami website, there is a clear definition between Roche Dure and CDL.
Could it be that exploitation ML gets awarded to AVZ for RD, thus activating the $240m Cath deal and a JV arrangement is concocted between AVZ, CMOC & CATH to explore CDL ?
Remember, DRC govt wouldnt want such a big project ( CDL ) to lay idle , whilst RD is constructed and AVZ only did a few drills in the southern part of CDL , so not alot of definition work was done on that project the last few years, so it would make sense to get other parties to join AVZ to accelerate that development.
As long as AVZ maintains 51% control, i would have no problem with that scenario.
The win , win ( positive working relationships with stake holders ) is that ICSID court case against DRC govt gets dropped , China still has significant involvement with Manono and tells Dathomir / Cong / Zijin to pull their head in...
Hopefully, come 23/11/23 at the AGM, MOU progress might have reached a stage whereby Nige could reveal more about this equation, therefore MMGA is irrelevant.
Its just my musings and i remain hopeful.
imo
Franck Fwamba said he is looking into who is involved with Manono Lithium so hopefully we will know soon. I did try checking the RCCM but it's still inaccessible. And there's no other companies house style search records for entities in the DRC that I know of.
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Well Money, everthing about this forum is about having a opinion in the absence of ASX announcements / AGM, so no one is right or wrong until the ...
Having said that, I am afraid you are wrong......
Cause your scenario is just inplausible , given what we all know about Zijin / Cominiere relationship.
time, plenty of it.........will tell eventually.
No your legally binding assumption is wrong.
As 13359 was restored as a whole tenement.
It is now split.
Only positive can assume is Zijin no longer involved in Roche Dure allowing Dathcom additional 15 % with First Right of refusal bringing potentially 90% ownership over Roche Dure once Cong is resolved.
I personally would be glad to get into production than 5 years in the courts and uncertainty.
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