AVZ Discussion 2022

[Mute22]

C’mon man ,he's only been in the role for less than 5 days ; his phone and email would be on overdrive ; he’s clearly also trying to pull all holders ( in and out of country ) contact details together to try keep people informed. I certainly wouldn’t be expecting any more than a ‘copy & paste’ email in the up front ; imagine the amount of goons even flicking in emails and random SRNs just seeing what they get mixed in with genuine emails .. he’d be having to check all this shit by himself .. and all for $1 per annum …

Let the guy settle in and have everything organised the way he wants it and they front end rush for information calms down

Completely fair, but laid out a pretty basic yes/no question.

He does keep reiteration updating shareholders in the coming 'Weeks' no months, years ect. Probably looking too much into that, but glad to see he's on the front foot.

 

[Carlos Danger]

Has anyone received anything from Yianni other than a copy-paste response? Perhaps I was asking too much, but I only received a stock response to my questions.

New information must come through official announcements. You don’t need to be an astute thinker to realise this is just a pay to play ego boost for the winker. And no I won’t be handing over my email address to hear regurgitated information because it will most likely end up in the hands of whatever form MMGA takes on this year.

This is going to take years unless we cut a deal. And judging from official announcements and the MoM’s press release it doesn’t seem like negotiations are going anywhere. That’s the reality and no amount of feel good advocacy is going to change it.

 

[Bin59]

A brief but factual article.

AVZ Minerals Asserts Legal Rights Amid Manono Lithium Permit Dispute - Copperbelt Katanga Mining

AVZ Minerals Limited (AVZ) has raised concerns over the purported transformation of Research Permit PR15775 into an Exploitation Permit by Manono Lithium SAS,

copperbeltkatangamining.com

Mining in DRC Battery Metals Lithium Mining Projects

AVZ MINERALS ASSERTS LEGAL RIGHTS AMID MANONO LITHIUM PERMIT DISPUTE​

SEPTEMBER 29, 2024 CONSTANCE

AVZ Minerals Limited (AVZ) has raised concerns over the purported transformation of Research Permit PR15775 into an Exploitation Permit by Manono Lithium SAS, a joint venture between Jinxiang Lithium Limited (a subsidiary of Zijin Mining Group) and Congolaise D’Exploitation Miniere SA (Cominière).

AVZ asserts that PR15775 overlaps the northern portion of PR13359, a permit the company claims legal rights to through its majority stake in Dathcom Mining SA.

AVZ refers to provisional orders from the International Centre for Settlement Disputes (ICSID) arbitration proceedings (ICSID Case No. ARB/23/20).

These orders, disclosed in January and May 2024, bind the Democratic Republic of Congo (DRC) to recognize Dathcom as the rightful holder of PR13359 and safeguard AVZ’s rights and those of its subsidiaries during the ongoing arbitration.

The company argues that Cominière’s relinquishment of the northern section of PR13359 and the subsequent granting of PR15775 to Manono Lithium violate the ICSID orders, making any attempt to transform PR15775 into an Exploitation Permit illegal.

AVZ is committed to resolving the dispute through legal means unless a negotiated settlement with the DRC government is reached.

APPOINTMENT OF CORPORATE STRATEGY CONSULTANT​

In a related development, AVZ has appointed Yianni (John) Demetre as an advisor to assist its board of directors with shareholder advocacy, communications, and corporate strategy.

Demetre, a longtime shareholder and successful entrepreneur, expressed his commitment to protecting the Manono Project from external attempts to seize control.

He emphasized the importance of clear communication with shareholders and resolving the disputes delaying the project’s development.

Demetre aims to maximize shareholder value by addressing misinformation and ensuring a swift and fair resolution to AVZ’s ongoing challenges.

 

[Largus Averta]

"New information must come through official announcements."

Must it really? Genuine question. The company is no longer ASX listed.

 

[Winenut]

New information must come through official announcements. You don’t need to be an astute thinker to realise this is just a pay to play ego boost for the winker. And no I won’t be handing over my email address to hear regurgitated information because it will most likely end up in the hands of whatever form MMGA takes on this year.

This is going to take years unless we cut a deal. And judging from official announcements and the MoM’s press release it doesn’t seem like negotiations are going anywhere. That’s the reality and no amount of feel good advocacy is going to change it.

Fair enough Carlos. As a shareholder you don’t have to utilize the resource if you don’t want to or don’t see any value in it for you. Jury is out for me. Have to provide some time to see how Yianni may be able to assist and whether there is a benefit in comms or assistance. I’m not calling it 5 days into a completely new role when someone is offering to do something to maybe assist for a buck a year. I’ll probably look at a few questions and queries of my own and see what comes of it before making a judgement, At the end of the day if it doesn’t add value it’s only cost AVZ $1 for somebody to put in their time and try…….and I get lots of us have put in time over the last few years to assist in whatever way we can

 

[Carlos Danger]

"New information must come through official announcements."

Must it really? Genuine question. The company is no longer ASX listed.

Technically it just needs to be lodged with ASIC but ASIC see publication on the company website as 'good practice' and a more effective way of communicating with shareholders. I seriously doubt having an external consultant dishing out new information to a select few will be acceptable. Although I don't think that is what DeBoss intends to do just wanted to make it clear to people bombarding him with questions that they are most likely going to get information already available to all.

https://download.asic.gov.au/media/1241099/rg198.pdf

Also AVZ have previously committed to being guided by ASX listing rules with respect to governance requirements which they say should assist the application for a possible future exchange listing

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/6646fabd58df7d10d4f57ec8/1715927742337/20240516+AVZ+FAQ+-+ASX+De+Listing+v1.pdf

 

[Carlos Danger]

Fair enough Carlos. As a shareholder you don’t have to utilize the resource if you don’t want to or don’t see any value in it for you. Jury is out for me. Have to provide some time to see how Yianni may be able to assist and whether there is a benefit in comms or assistance. I’m not calling it 5 days into a completely new role when someone is offering to do something to maybe assist for a buck a year. I’ll probably look at a few questions and queries of my own and see what comes of it before making a judgement, At the end of the day if it doesn’t add value it’s only cost AVZ $1 for somebody to put in their time and try…….and I get lots of us have put in time over the last few years to assist in whatever way we can

I'm all for him helping. He just won't be allowed to tell people new info that hasn't been disclosed to those that don't want their email address in the hands of our adversaries imo

Although I'm sure fat boy and the gang already have a file on me haha

 

[Hodlandwin69]

Is Deboss actually being paid $1/pa or is that a meme?

 

[Schnitzelfresser]

Guess that is reality to be on the payroll of the company, but we do not know what other conditions have been agreed.

 

[tonster66]

Does anyone know if there is a way to get a valuation of AVZ as my super fund auditors require one. Any thoughts?

 

[SilentOne]

Does anyone know if there is a way to get a valuation of AVZ as my super fund auditors require one. Any thoughts?

Tonster66,

I would suspect that you would need to wait for the Financial Report and forward that to the Fund Auditors.

Regards,

SilentOne

 

[Sammy_da_Smile]

Manono Lithium SAS already getting done for Labor abuse and committing series breaches.

 

[Hodlandwin69]

Manono Lithium SAS already getting done for Labor abuse and committing series breaches.

You'd think they would at least try present as a good company until the ICC and icsid is over

 

[Winenut]

Manono Lithium SAS already getting done for Labor abuse and committing series breaches.

Oh no!!!.....

 

[TheCount]

Tonster66,

I would suspect that you would need to wait for the Financial Report and forward that to the Fund Auditors.

Regards,

SilentOne

I run a parcel inside my SMSF and my Accountants and Auditor have asked the same question.

My answer = The last valuation when the entity was listed is 78c per share. As Trustee, that is my current expectation as there is no other publicly available information to vary from that valuation. AVZ's Board of Directors believe it is in the best interest of Shareholders to remain delisted.

The accounts have not come back from them just yet, but separately I have also told them that if they deem it necessary to remove the unrealised capital gains from the past few years (my buy-in is 7c), then they can go for it.

The last formal valuation was inside my Comsec reports as at 30 June 2023 when it was 78c, and I reproduced that for the 2024 year.

Hope that helps.

 

[Thaz]

I'd also suggest asking the auditors what they deem as sufficient evidence of the valuation.

They would be the best people to determine it based on their internal policies and previous experience.

It would be busy nigh impossible for anyone to value the company right now.

 

[UtterMoron]

As per the AVZ Shareholder advocate account, follow these instructions:
View attachment 70175

Thank bloody christ, this solves my issue with IBKR

 

[tonster66]

I run a parcel inside my SMSF and my Accountants and Auditor have asked the same question.

My answer = The last valuation when the entity was listed is 78c per share. As Trustee, that is my current expectation as there is no other publicly available information to vary from that valuation. AVZ's Board of Directors believe it is in the best interest of Shareholders to remain delisted.

The accounts have not come back from them just yet, but separately I have also told them that if they deem it necessary to remove the unrealised capital gains from the past few years (my buy-in is 7c), then they can go for it.

The last formal valuation was inside my Comsec reports as at 30 June 2023 when it was 78c, and I reproduced that for the 2024 year.

Hope that helps.

good info, thanks

 

[PutUsernameHere]

No idea what the basis is for it, but I have a small parcel in my Netwealth Super account, and they currently have it marked as $0.054 per share

 

[cruiser51]

Manono Lithium SAS already getting done for Labor abuse and committing series breaches.

Excellent Video to show ICSID/ICC that Zijin/DRC is not interested in the Courts' deliberations