AVZ Discussion 2022

[pow4ade]

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Digital Press Briefing with Helena Matza, Wednesday 28 August.

View attachment 68558

Interesting to hear whether further details are released as to the US intentions for their investments. Seems to me their Lobito corridor plans include a serious interest in Manono.

It's an opportunity for the US plus makes strategic sense to blunt China's ability to control global lithium market.

Who knows but something is brewing on the diplomatic front. And with a development like this our US ambassador KRudd should be pressed into action. It's in Australia's interest also to thwart Chinese control of Manono. Or should be.

 

[Chase]

Beautiful announcement. Management ponying up some cash putting money where mouth is. 1.4mill keeps the lights on and dispute alive. Well done Nigel. Hold on Hodl on and what not. “Blessed are the meek for they shall

Yeah agree Ryhno well said..Heres hoping management contributing towards a positive mood for a win win imminent decision

 

[Goat]

As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.

 

[j.l]

You're hard to please...

I am indeed!
Good to hear another's take on the situation.

 

[oxxa23]

I am indeed!
Good to hear another's take on the situation.

They're not desperate yet... they'd be rattling the tins to us minnows at last resort I feel...

 

[Jazz]

Sorry, don’t have access to the full article.

I guess it just says that they intend to steal less lithium until the market picks up.

 

[Pokok]

You still have a wife??!!!......

yes number 4

 

[Frank]

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[Pokok]

As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.

hopefully a pay out soon im over the black and yellow

 

[Mr_Tones83]

As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.

"Going by the language of the announcement the attempt is to get a percentage of the last traded share price."

Just curious as to what language in the announcement you think displays this as a desired outcome?

"whilst ensuring any such settlement or value realisation opportunity is in the best interest of all shareholders."

I think this would mean highest traded price at a minimum.

 

[Uglybob]

Going by the language of the announcement the attempt is to get a percentage of the last traded share price.

Sounds like a possible plan, but I can't get behind this part. Everyone knows that if this whole debacle never happened we'd be mining and the share price would be well above the ATH. Settling now for a fraction of the last traded value won't fly. Shareholders would be out for blood.
It'll be interesting to see where this lands.

 

[Ant90]

“Shareholders would be out for blood” I’m sorry but this seems Naive, AVZ will be doing incredibly well to get anything back if the last 3 years are anything to go by, I’d be happy with anything near or above my purchase price and at a guess (as I can’t speak for anyone) I think most would to be rid of this! Consumed to much of my life! Although I don’t post here I do read everything both here and X and I try to not let it bother me but it honestly has! Sorry for rant, all the best

 

[wombat74]

As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.

Who's paying out ? The DRC hasn't got a pot to p1ss in . More like Nigel is going for Roche Dure . IMO

 

[Dazmac66]

Who's paying out ? The DRC hasn't got a pot to p1ss in . More like Nigel is going for Roche Dure . IMO

DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO

 

[Flight996]

DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO

Given its history of dirty tricks, Zijin might attempt to subtract the amount of its bribes from the final settlement amount. Now wouldn't that make for an interesting conversation haha.

 

[wombat74]

DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO

Is 'paying out' and 'buying the asset' the same thing ?

 

[Flight996]

As I see it, both Cominiere and Zijin Mining are locked in a mutual hostage situation.

Neither can extricate itself due to mutual systematic graft and corruption over a long period of time, and the potential consequences of these actions. If they fall out, the whole deck of cards could crumble and ultimately take Mr President-for-life with it.

The DRC needs to negotiate a fair settlement with AVZ while it can in order to avoid a potential total political meltdown when the ICSID rules against them and their corrupt Chinese masters.

Just thinking out aloud.

Cheers
F

 

[Dazmac66]

Is 'paying out' and 'buying the asset' the same thing ?

Paying out would be the amount of damages awarded by the various courts, hopefully we don't need to wait that long to see some of our coin returned. Buying the asset would be a way for the corruption to be swept away and the DRC comes out a winner! I think this is more likely to happen as the shit starts to hit the fan. I just cannot fathom how the USA or the west in general will allow Manono to fall into Chinese control.

 

[protoje]

As I see it, both Cominiere and Zijin Mining are locked in a mutual hostage situation.

Neither can extricate itself due to mutual systematic graft and corruption over a long period of time, and the potential consequences of these actions. If they fall out, the whole deck of cards could crumble and ultimately take Mr President-for-life with it.

The DRC needs to negotiate a fair settlement with AVZ while it can in order to avoid a potential total political meltdown when the ICSID rules against them and their corrupt Chinese masters.

Just thinking out aloud.

Cheers
F

That would make an amazing tweet flight! If you’re not on Twitter, I’m happy to share with your permission.

 

[Largus Averta]

A "negotiated settlement", just means they'll settle out of court and drop all proceedings.
Whether that is a settlement to sell the tenement, or retain it sans penalties etc., is still open to speculation imo.