Cumquat Cap
Regular
So 1.90 aud less 28% DRC tax leaves us at 1.37 aud or ath - roughly 4.10b aud Mcap - 2.77 usd mcap - what the fuck are you waiting for Zijin you cunts
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Title: Safeguarding Manono: AVZ Minerals as a Key Player in Balancing Lithium Control
Introduction:
The Democratic Republic of Congo's (DRC) Manono region, harboring the world's largest lithium deposits, has garnered global attention, with concerns rising over the potential consequences of China gaining control. Examining historical patterns reveals significant apprehensions regarding the welfare of the local population and strategic control of the hydro power plant. While China's involvement (by proxy) is a focal point, it is crucial that AVZ Minerals retains control and would be the best outcome in ensuring equitable outcomes for all stakeholders.
Historical Context:
Historically, resource-rich regions partnering with global economic powerhouses have faced challenges related to resource exploitation, environmental degradation, and uneven distribution of benefits. To avoid perpetuating such issues, a careful examination of potential negative repercussions is necessary.
Local Welfare:
The extraction of lithium in Manono presents a unique opportunity for economic development in the DRC. However, historical instances demonstrate that local populations do not always benefit proportionately from resource extraction. Ensuring that the wealth generated from lithium reserves directly contributes to local communities' well-being is crucial to avoiding social inequality.
Environmental Impact:
Lithium extraction involves industrial processes with significant environmental implications. Without careful oversight, the fragile ecosystems in Manono may suffer damage, impacting local livelihoods. Stringent environmental regulations and responsible practices are essential to mitigate potential negative consequences.
Hydro Power Plant Control:
Strategic control of the hydro power plant in Manono adds another layer of concern. This vital energy source can influence the region's power dynamics and may compromise the DRC's sovereignty if not managed carefully. Local governance must be empowered to oversee and regulate the operations of the hydro power plant to ensure sustainable energy development.
AVZ Minerals as a Solution:
AVZ Minerals is a pivotal player in mitigating potential negative repercussions associated with China's aspirations of control over Manono's lithium reserves. As a mining company committed to responsible and sustainable practices, AVZ is poised to contribute positively to the region's development.
Just a thought bubble - SilentOne - DYOR
Introduction:
The Democratic Republic of Congo's (DRC) Manono region, harboring the world's largest lithium deposits, has garnered global attention, with concerns rising over the potential consequences of China gaining control. Examining historical patterns reveals significant apprehensions regarding the welfare of the local population and strategic control of the hydro power plant. While China's involvement (by proxy) is a focal point, it is crucial that AVZ Minerals retains control and would be the best outcome in ensuring equitable outcomes for all stakeholders.
Historical Context:
Historically, resource-rich regions partnering with global economic powerhouses have faced challenges related to resource exploitation, environmental degradation, and uneven distribution of benefits. To avoid perpetuating such issues, a careful examination of potential negative repercussions is necessary.
Local Welfare:
The extraction of lithium in Manono presents a unique opportunity for economic development in the DRC. However, historical instances demonstrate that local populations do not always benefit proportionately from resource extraction. Ensuring that the wealth generated from lithium reserves directly contributes to local communities' well-being is crucial to avoiding social inequality.
Environmental Impact:
Lithium extraction involves industrial processes with significant environmental implications. Without careful oversight, the fragile ecosystems in Manono may suffer damage, impacting local livelihoods. Stringent environmental regulations and responsible practices are essential to mitigate potential negative consequences.
Hydro Power Plant Control:
Strategic control of the hydro power plant in Manono adds another layer of concern. This vital energy source can influence the region's power dynamics and may compromise the DRC's sovereignty if not managed carefully. Local governance must be empowered to oversee and regulate the operations of the hydro power plant to ensure sustainable energy development.
AVZ Minerals as a Solution:
AVZ Minerals is a pivotal player in mitigating potential negative repercussions associated with China's aspirations of control over Manono's lithium reserves. As a mining company committed to responsible and sustainable practices, AVZ is poised to contribute positively to the region's development.
- Local Engagement and Empowerment: AVZ Minerals prioritizes community engagement and ensures that local communities benefit from the economic opportunities created by lithium extraction. This commitment helps address historical disparities and fosters a sense of ownership among the local population.
- Sustainable Mining Practices: AVZ is dedicated to implementing environmentally responsible mining practices. By adhering to stringent environmental standards, AVZ aims to minimize the ecological impact of lithium extraction, safeguarding Manono's delicate ecosystems.
- Transparent Governance: AVZ Minerals advocates for transparent governance structures, reducing the risk of corruption and ensuring that decisions related to lithium extraction are made with the best interests of the local population the DRC in mind.
- Fairer outcomes: AVZ Minerals actively discourage corruption at all levels of management and governance, leading to a greater equity in the distribution of the benefits resulting from lithium mining.
Just a thought bubble - SilentOne - DYOR
Surely with the release of CDL announcement DLA Piper have told ICSID their total compensation claim, You'd think they would just be waiting to see the courts outcome and total award to see what's cheaper, while continuing with work on the ground.
It's that simple. They don't care, and they don't want to wait anymore because they know they will have Manono. They will buy us out.
Azzler
Top 20
My thoughts too, they know they'll get it one way or another so they may as well just begin work.
Scoota30
Regular
Lets not forget we have been in suspension since May 2022. Going off inflationin the DRC, if we add 4.65% for the second half of 2022 and then another 23.3% so our "All time High" is actually $1.76 AUD. Then add on the fuckaround factor and you actually end up at $12 USD as our minimum ATH price.........
" the world's largest lithium deposits, has garnered global attention"
Agree with most of the above however I question this point. Where is the evidence that our government is acting or gives a flying F#ck about AVZ? Where is the evidence that the USA is even aware of what is happening. Maybe time for AVZ to go ballistic on letting those who will be affected know what is going on. China will flood the market with cheap lithium bankrupting any marginally profitable lithium miners then buy them up for chicken feed. Total domination of the green transition strategic minerals sector. The lack of support from the west is truly staggering. First time I have said this through his whole debacle - get us anywhere near the ATH and I'm out, never ever ever to contemplate investing in Africa again.
Carlos Danger
Top 20
AVZ have said in announcements that they are receiving assistance from the Australian embassy and other embassies in the region
But it boggles the mind that we haven't received major public recognition from any government. Like I said many months ago I'll believe in quiet diplomacy when Assange walks out of Belmarsh.
It took them long enough but at least the Australian government finally recognised the need for some loud diplomacy on that issue. Hell even Barnaby Joyce got involved with the trip to Washington to lobby for his release.
Considering the big deal western countries, especially the ones with left leaning leaders, are making about securing critical minerals supply chains you would think that China trying to illegally take control of the most important global asset for renewables would be right up their alley.
As Nigel said last month “[Chinese President] Xi Jinping has given the nod to everybody to go out and collect as many critical minerals as possible. And it’s just caused a feeding frenzy”
“They’ve got the rare earth market dominated … the majority of the copper and cobalt production coming out of the DRC [Democratic Republic of the Congo] is Chinese”
“We’re the only one, at the moment, that isn’t [controlled by China]. And when you’re talking about a globally significant asset such as ours, that could potentially supply up to 40 per cent of the world’s requirements, they need it. They want it.”
Care of the Crapper .
Rattlerock
122 Posts.
105
Date:08/01/24Time:13:48:10
"You'd hope management has a better game plan that just the litigation path. If this keeps dragging on and we end up getting delisted in May, it doesn't look good for a return on investment imo. Take Sundance Resources as an example – they got delisted three years back when the Congo cancelled their mining permit. Now they're juggling three legal battles, including ICC face-offs with the Congo and Cameroon.
The Chairman, in the 2023 AGM address, seems pretty sure they'll win the ICC round with the Congo, expecting a judgement between 1.7B-5B (depending on the iron ore price used). In the Cameroon case with the ICC, Sundance want a mining permit to be issued or 5.5B in damages to be paid. Sound familiar?
Here's the kicker, though – their current stock price is a measly 0.5c, the whole company is valued at only 47M with those 9.5B shares. A company that was once worth 5B is now worth pocket change. The Chairman talks big about a potential 10B win from the ICC, but if that's realistic, why's the company only valued at 47M? There maybe a reason for this that others can point out but it looks to me that the market doesn't quite buy into the idea that even if they win in court, getting the other parties to actually cough up that compensation is a long shot.
Even though Sundance Resources is off the ASX grid after delisting, the game plan remains unchanged – shareholders still own the same shares as before and the company still makes announcements, however announcements are via their website rather than the ASX. As per a Sundance announcement, shareholders that wish to sell can go for an off-market transfer through Computershare. So, if you manage to snag a buyer for your shares, a sale is doable.
if there was even a slight chance of cashing in on potential ICC judgments, and some shareholders wanted to sell, then why aren't buyers lining up willing to pay a premium on the 0.5c price for a potential 100-fold return? Maybe the answer is, people aren't holding their breath for Sundance to hit the jackpot in the billions in compensation from the ICC and then actually have someone pay it out.
There are a lot of similarities in the Sundance story and AVZ but hopefully we don't follow in their' footsteps with litigation as the only path for a potential return. Ideally, the litigation route we're taking is a strategic move to push the other parties involved, either into settling with a pay-out to drop the litigation or to have the mining license reinstated to Dathcom.
The pressure is on with the legal proceedings; something's got to give, and it needs to be something significant soon!"
Carlos Danger
Top 20
Questioning elections is a crime. Freedom is slavery. Meow meow.
How many more must suffer in DRC before the west stops enabling Tshisekedi? | Vava Tampa
Despite its vast mineral wealth, corruption keeps the Congolese poor – and western governments help the regime stay in power
How many more must suffer in DRC before the west stops enabling Tshisekedi?
Despite its vast mineral wealth, corruption keeps the Congolese poor – and western governments help the regime stay in power
Provisional results in the Democratic Republic of the Congo (DRC) presidential election have indicated Félix Tshisekedi is the winner. As his regime secures another five years, the incumbent will once again be looking to the west to help keep him in power, as the US government did in 2018.
The DRC has lurched from crisis to crisis for more than 20 years. This is in part because the west has blocked the creation of an international criminal tribunal for the country, which is needed to end the culture of impunity fuelling violence, famine and the climate crisis killing and displacing Congolese people.
The US has supported Tshisekedi by, among other things, facilitating international grants and credit, and yet, according to the World Bank, 73% of the population live on less than $1.90 a day, and things are getting worse. The UN says 26 million Congolese are facing “very high acute malnutrition and excess mortality”, an increase from 13.5 million, or 28% of the population, in 2019.
Five years ago, Tshisekedi was humiliated by the Congolese people, coming third in the presidential race. Yet, against all available evidence that Martin Fayulu had won by a landslide, he was declared the winner – a decision the US supported. Huge international grants and credits to his regime followed, including $750m from the World Bank and a $1.5bn loan from the International Monetary Fund. Some success for a man whose record might be judged incompetent and who was rejected by voters.
In return, Tshisekedi said he would end China’s control over the DRC’s rare minerals, which poses a strategic challenge for the US and EU’s clean-energy ambitions. The DRC supplies, mostly via China, 73% of the world’s cobalt – an essential component in wind turbines, solar panels and electric vehicle batteries. In terms of untapped mineral reserves, the DRC was estimated to be worth $24tn (then about £15tn) by a 2011 UN study, which is more than the current GDP of the 27 EU member states combined.
Since 2018, Tshisekedi has subverted the last vestiges of free and fair elections that the DRC still had, increasingly suppressing dissent – including of journalists, religious leaders and former allies and acolytes turned critics – and putting his allies into key posts.
Tshisekedi made Denis Kadima – who comes from the same Luba ethnic group and Kasaï region as the president – head of the electoral commission. He also appointed three new judges – also Luba – to the Congolese supreme court, which would hear any electoral dispute.
Unsurprisingly, opposition leaders calling for a rerun of the the most recent “sham” election, including the 2018 Nobel peace laureate Dr Denis Mukwege, Fayulu and Moïse Katumbi, have said they will not take their case to the supreme court because they have little faith in it.
To keep the military on his side, Tshisekedi has promoted army officers who are facing UN, US and EU sanctions for human rights violations. There has been an increase in violence, including by the Rwandan-backed M23 militia, which has displaced nearly 7 million Congolese (up from 4.5 million in 2018), making the DRC one of the world’s biggest humanitarian crises.
While no one knows how much Tshisekedi makes a month, figures show his office spent $41m in May 2022 alone, about five times the monthly cost of the French presidency.
It is no surprise that Tshisekedi was awarded the 20 December election. Nearly a week after voting started, Kadima could not tell journalists how many of the DRC’s polling stations had opened. Yet he announced on Sunday that Tshisekedi had apparently won with 73.34% of the votes compiled from 64,000 of the 75,400 polling stations.
According to the National Episcopal Conference of the Congo (CENCO) and the Church of Christ in the Congo (ECC), which jointly deployed the largest electoral observers’ mission, more than 27% of polling stations did not open because the government, which invested $1.2bn in organising the election – double the 2018 cost – did not deliver ballot papers, depriving 15 million of 44 million Congolese of their right to vote.
Most of the remaining polling stations in the country opened late because voting machines or ballots arrived late. Observers also found that some of the voting machines showed votes had already been cast. In Kalemie, on Lake Tanganyika in the far east of the country, soldiers fired guns to chase witnesses and observers from polling stations and took all the ballot papers with them.
Another electoral observers’ mission, Symocel, wrote to Kadima calling for a rerun because of the high level of alleged irregularities, including officials from the Tshisekedi regime having voting machines in their homes.
Disputes over the legitimacy of DRC governments often spark violence with far-reaching consequences. Kadima’s predecessor, Corneille Nangaa, is threatening to march into Goma, the largest city in eastern DRC, and then the capital, Kinshasa, to overthrow Tshisekedi, having launched a new rebel movement, Alliance Fleuve Congo, in partnership with the M23 militia.
If the history of DRC has shown anything, it’s that fraud and the enablers of fraud rarely feel the consequences, it is the Congolese people who always suffer.
Which white pill would you personally recommend? Might get myself a script…
I like the blue pills .
BRICK
Where’s Zeebot 😶🌫️
The blue pillWhich white pill would you personally recommend? Might get myself a script…
They need it ,they want it ,then they should pay for it instead of steeling it , i'm over it
Retrobyte
Hates a beer
The US government are probably as happy as we are with the return on their investment in the DRC so far.
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