AVZ Discussion 2022
- Thread starter GazDix
- Start date
Cumquat Cap
Regular
Manono lithium speaking whatever they can into existence, all eyes of MoM as this will be a clear spit in the face of western authorities and I cannot see USA (Lucy Tamblyn) successfully explaining to congress how they helped China progress their lithium endeavours via a railway to port.
Huge inflection point and hope they can put us out of our misery one way or another soon
(Lucy Tamlyn had a meeting with Felix today which I don’t think is a co-incidence). Social media pressure works and we are waiting for the next assault on Felix and his family
Huge inflection point and hope they can put us out of our misery one way or another soon
(Lucy Tamlyn had a meeting with Felix today which I don’t think is a co-incidence). Social media pressure works and we are waiting for the next assault on Felix and his family
Bin59
Regular
Back in pictures: The Ministry of Mines of the DR Congo organized this Thursday, September 12, 2024, a strategic workshop aimed at strengthening traceability and transparency in the mining sector. This event, part of the Government Action Program (PAG) 2024-2028, reflects the head of state's desire to ensure optimal exploitation of the country's mineral resources while respecting international standards.
At the opening of the workshop, His Excellency the Minister of Mines recalled the clear directives of the Head of State regarding the importance of putting in place more appropriate mechanisms for the recovery and certification of mineral reserves.
He stressed that traceability and transparency are top priorities to ensure the reliability of transactions and attract the trust of international partners.
Also I see Zijin still haven’t announced that the DRC Minister of Mines has signed a ministerial decree to award a mining licence for the Manono Lithium SAS project in the News section their website (despite holding 61% of the project) like they did when they held only 15% of Dathcom Mining SA
Bin59
Regular
Franck Fwamba
@FranckFwamba
If you master the Mining Code of the DRC, it requires the publication of Feasibility Studies and those on environmental impacts so that the population and every citizen have a say in the matter.
This is accountability and transparency enshrined in the mining law.
10:34 PM - Sep 18, 2024
Spikerama
Regular
Maybe if you want to call them out try not to come across as a complete troglodyte. People might be inclined to take you more seriously.
Just a suggestion.
Winenut
GO AVZ!!!!
Would certainly appreciate the active support of the USA in the ongoing battle with the corrupt forces in the DRC and their illegal partners China
Bin59
Regular
The DRC Ministry of Mines have a very up to date website - it has everything from news, to Decrees and current posts on X - but not a word about the granting of an operating permit to Manono Lithium, no official photos etc. either.
A recent post by Kiki:
x.com
Kiki Kienge
@KiengeKki
Mines_RDC
The government has never published any Decree on the creation of @Manonolithium, the granting of the EP! "Any transaction on a mining asset of a public company is decided by decree of the Prime Minister deliberated in the Council of Ministers"
@Presidency_RDC
A recent post by Kiki:
x.com
x.com
Kiki Kienge
@KiengeKki
Mines_RDC
The government has never published any Decree on the creation of @Manonolithium, the granting of the EP! "Any transaction on a mining asset of a public company is decided by decree of the Prime Minister deliberated in the Council of Ministers"
@Presidency_RDC
Retrobyte
Hates a beer
Lots of shareholders have been posting factual, polite call outs on Twitter for more than 2 years now - it's not had any impact at all. It appears nothing posted on social media is having any influence.
Hodlandwin69
Regular
Roughly same amount as Nige
Mr_Tones83
Regular
Interesting that their valuation is around AUD 11.7c per share at a guestimate rate of 0.67AUD/USD
Carlos Danger
Top 20
The market value per share they have for AVZ is interesting
$4,153,934 USD x 1.47 (USDAUD exchange rate) = $6,106,282.98 AUD
$6,106,282.98 AUD / 52,906,510 shares = $0.115 AUD per share
Just guessing, but has their holding changed since a few years ago? Perhaps the 11.5c is based on a previous sale of part of their holding.
Winenut
GO AVZ!!!!
Not being negative but they haven't been able to trade them really unless they wanted to sell to MMGA for 1c
So yes they are holding unless they want to trigger a capital loss for some particular tax reason
Mr_Tones83
Regular
Funds are required to provide up to date market valuations, so isn't dependent on sales. They would have either an internal or independent valuer for unlisted securities.
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