In that case, I put 2 dozen red flag poles on my roof rack.
They could come in handy.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hi Nells, did we meet ?Hi Grass,
Just to clarify all the directors, including Ben Johnson () & Rhett Barnes attended the Herdsman Tavern afterwards. And all were very open to chat with.
It was great to meet a few of you there. Have a great weekend and enjoy this lovely weather!
Cheers,
Nells x
I dont suppose you were the hot looker wearing a white dress by any chance ?
The yanks want lithium. To all intents and purposes they will control Lobito.
DRC allegedly wants a relationship with the West.
USA would certainly want a huge say as to who buys anything that AVZ sells.
Lucas Don Velor
Regular
Hi All
Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol
View attachment 73564
So the AGM was chalk and cheese compared to last year.
Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year
Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.
a) Does AVZ have the support of Australian & US government ?
Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !
The irony of that ( which wasnt lost on Nigel ) is this recent development.....
Why is the WA government handing $150m to lithium miners in a cost of living crisis?
Premier Roger Cook says its rescue package recognises the thousands of jobs hanging in the balance, but a mining analyst says "it really doesn't touch the sides" amid an oversupply of lithium and disappointing electric vehicle sales.www.abc.net.au
Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!
The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too
b) Locke funding / working capital
DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !
View attachment 73566
With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.
Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now
c) ISCID - lack of court fees paid
Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......
Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.
d) Dathomir $20m Escrow payment gone AWOL
Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.
e) KOBOLD
Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest
f) Mining or For sale ?
I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.
MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........
Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....
View attachment 73559
but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.
Make of that as you will.
In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.
g) Mpiana Hydropower plant
I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.
He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.
The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off
Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........
Well, i have dribbled long enuff, time for bed.
Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.
He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.
I View attachment 73565
Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?
imo
@BEISHA @grassseeds @j.l and Ozpolarbear HC at al,
Thanks all for the thorough summary of the AGM... all sounds quite positive!
My heart goes out to all those who are on struggle street because of this debacle... I hope this news can provide some solace and huge future rewards! Good luck everyone, I hope and pray this is the turning point we all need!
Regards,
LDV
P.S. Unfortunately, Carrick underhandedly acquiring mum and pop shares will potentially earn millions... we can only hope some Pulp Fiction 'Zed style' karma is headed his way!
Frank
Top 20
Fyi, I see where,
The country intends to rely on China to finance a range of projects in different sectors
To better implement projects designed to develop a number of sectors including Transport in the Democratic Republic of Congo (DRC), the Deputy Prime Minister, Minister of Transport, Wayways of Communication and Outreach, Jean-Pierre Bemba Gombo intends to rely on China.With this in mind, he presented a note to the Council of Ministers on Friday 22 November 2024.
In the information note presented to the Council of Ministers, Jean-Pierre Bemba Gombo refers to the "preparation of lists of projects to be submitted to Chinese financial institutions in the framework of Sino-Congolese cooperation".
In this connection, the report of the Council of Ministers provides information on the report of the Council of Ministers, the Deputy Prime Minister, Minister of Transport, the Ways of Communication and Disclosure, submitted the report of the fourth meeting of the Task Force, held on 12 November 2024, in connection with the submission of the final lists of projects to be submitted to the Chinese side with a view to their defence to the Chinese financial institutions next December.
For a proactive approach, it was recommended that sectoral ministries submit a number of elements to the Task Force Secretariat.
In particular, a summary sheet of each project, an APS or ODA feasibility study accompanied by an executive summary for each project, as well as the designation of a project focal point for each ministry.
The Deputy Prime Minister, Minister of Transport, Ways of Communication and Land-up Landing encourages ministries that have not yet submitted their plans to do so as a matter of urgency.
As a reminder, China and the Democratic Republic of the Congo have identified seven priority axes for their cooperation: infrastructure (airports, ports, railways), agriculture, energy and water resources, processing of mineral resources, health, vocational training and cultural exchanges, and scientific research.
mediacongo
Fuck Zijin !!!
YES - By all means possible !!!
ⁿ
Hi All
Well it looks like @grassseeds , @j.l have given a good assessment of the AGM, i concur with all of the info they shared, i am a bit late with my assessment due to the fact i was on the piss from 11.30 am - 6pm, then had to drive @EarleofBarrow back home, which meant i was in the shit from my missus for being late for dinner and then i passed out on the couch as my brain was fried......lol
View attachment 73564
So the AGM was chalk and cheese compared to last year.
Instead of doom and gloom shrouded by fat tail in the back ground ( last year ) , it was upbeat and very positive this year
Pre AGM remained the same tho ( without the party poppers ), with Yianni cajoling the 20 odd folks in for a chat about the lay of the land, he mentioned it was unlikely that question time would be available at the AGM considering the strong possibility that Carrick and other adversaries could be there, so the plan was the BOD would quickly get the business of getting Rhett Brans & Salome Sijaona re elected then they would come back to the Herdsman Tavern for question time instead without the pests involved , but to our great surprise, our adversaries were not there so question time was freely invited ........so as usual, i didnt hold back.
a) Does AVZ have the support of Australian & US government ?
Sadly, our Australian govt doesnt give a fuck about our predicament, they are simply subserviants to China, even Pauline Hasnson couldnt give a shit either, I got talking to @Jazz and he mentioned to me he scripted a letter and sent it to all the main stream media in Australia, same attitude, not interested..........PATHETIC !
The irony of that ( which wasnt lost on Nigel ) is this recent development.....
Why is the WA government handing $150m to lithium miners in a cost of living crisis?
Premier Roger Cook says its rescue package recognises the thousands of jobs hanging in the balance, but a mining analyst says "it really doesn't touch the sides" amid an oversupply of lithium and disappointing electric vehicle sales.
Yet AVZ manono whos size dwarfs the likes of MIN, LTR, PLS etc collectively cant get a cracker and if China was able to achieve the steal of the century, then LTR, PLS, MIN and a whole heap of other lithium producers would be in permanent C & M !!...........nuts!
The good news is tho, US Government are very aware of AVZ predicament thru the Biden administration and BOD is confident that Trump administration will follow with interest too
b) Locke funding / working capital
DLA piper are absolutely thrilled to get this funding finally sorted, despite AVZ dominant positition in the respective ICSID / ICC arbitration cases, the cupboard was virtually bare in the way of funds to get to the finish line. Fact of the matter, DLA piper has virtually been working pro bono the last few months, BOD havnt taken a wage for months too, make no mistake folks, the aim of the chinese to bleed AVZ dry was very close to succeeding ...........now they are FUCKED !
View attachment 73566
With Locke funding secured, Corporate world will fill the void for working capital to see AVZ thru, with DEBOSS in the back ground making that happen.
Funding is no longer a problem and it has flipped the coin big time to our advantage , this is the pivotal moment to get the snow ball to grow and evolve to a ultimate conclusion and everyone is confident that it will happen, just a matter of time as DRC / China are backed into a wall now
c) ISCID - lack of court fees paid
Unbelievably, both DRC govt & AVZ didnt pay their respective fees and if you hadnt worked it out by now, you know why AVZ didnt pay theirs until Locke funding arrived.......
Now AVZ will pay their fees and the DRC fees to keep the pressure on..........its farken bonkers, but it is what it is.
d) Dathomir $20m Escrow payment gone AWOL
Investigation still pending, heat on the respective bank / Lawyer firm to provide paper trail.
e) KOBOLD
Not sure whether Nigel was playing coy, but if they were the real deal, they would of contacted AVZ for permission to look in the core library / data room etc , site visit, but they did not, so its a non event for now, not sure what the situation is there to be honest
f) Mining or For sale ?
I asked Nigel the direct question, his opinion ,to achieve the best valuation, is to give suitors the impression you are going to mine, so first things first, now Locke funding is secured, first action is to get in touch with DRC govt and get them to finally get serious about negotiating a deal that would give AVZ the ML for PR13359 along with the Mpiana hydropower rights and then ultimately put it up for tender.
MOU discussions were organised prior some months ago , but AVZ were fucked around and it never eventuated as word got around that it wasnt going to be necessary due to AVZ parlous financial position..........
Believe it or not AVZ BOD still maintain that in general they still have a good relationship with the DRC govt, its just that there a few corrupt cunts that have done a hatchet job on them , the architect in Yianni mind is this dude.....
View attachment 73559
but there is a number of members of government that are sympathetic to AVZ cause and just wants a resolution.
Make of that as you will.
In any case, if ML is obtained with Mpiana package in tow, a evaluation could be anything from 2.5b - 10b depending on the lithium cycle./ pricing etc.
g) Mpiana Hydropower plant
I talked to Nigel one on one about this pivotal asset given Zijin has taken illegal posession and has commenced refurb.
He told me that lawyers advised Zijin not to trespass and take possession as AVZ had the legal rights, but Zijin told them to fuck off and did it anyway.
The situation is very simple, any negotiation regards to ML includes the rights to Mpiana and any illegal work done by Zijin would be remunerated back to them and then they would be told to fuck off
Its my impression that the DRC dont want to be beholden to China alone, they do want western investment, so maybe the tide is turning Saudi Arabia style if you get my drift..........
Well, i have dribbled long enuff, time for bed.
Cheers @EarleofBarrow , @Scoota30 , @Jazz , @Golden Years for a good catchup and chat, very illuminating to say the least and a big thankyou to the the main man DEBOSS a ripper bloke and the driving force behind AVZ BOD.
He wants to cut a deal bad, he wants to be the deal maker, but as John Clarke said to me eloquantly, he hasnt got a hope cause he doesnt know the lay of the land like he does, cant speak french nor does he have the credential like he has with over 25yr of experience working in Africa.
I View attachment 73565
Its a different world over there and Johns resume is impressive, plus DLA piper are no mugs either, i am sure the entire BOD collective will cut the best deal for us long suffering shareholders..........just a matter of when ?
imo
grassseeds
Regular
Hi all, particularly those that attended the AGM ( especially those that came from Interstate ), the pre discussion and get together with Yianni and the after AGM discussions with Directors.
I sensed that our Directors ( currently not being paid ) have a degree of mental tiredness due to the constant battle with corrupt officials and trying to keep AVZ afloat for all shareholders. Graeme Johnston in particular (who has a gaol sentence in DRC hanging over his head) must be very concerned about the constant pressure of both his and AVZ's situation.
As I see it, we may still have a couple of years to get the mess sorted out, and/or many battles to keep the corrupt carpet baggers from stealing Manono. If you look at the options to finalise a satisfactory result, AVZ personnel have to negotiate with many of these corrupt people. The number of possible alternative outcomes may become quite large. I hope they get some more support to help crank out the numbers and solutions on all possible options.
My next action.
I propose to send a personal vote of thanks to Yianni for getting off his arse, spending his time trying to help all shareholders and exposing himself to possible legal challengers.
I also propose to send a personal vote of thanks to all the Directors for their continuing (currently unpaid) work trying to get a deal for all shareholders. I also suggest the Directors pass on to the Legal team and any other supporting organization my vote of thanks.
Anyone who agrees with my thinking I hope you also feel that by giving your thanks to Yianni and support to our Board this will help them appreciate the retail shareholders and spur them on to get the job done over the next difficult period.
I sensed that our Directors ( currently not being paid ) have a degree of mental tiredness due to the constant battle with corrupt officials and trying to keep AVZ afloat for all shareholders. Graeme Johnston in particular (who has a gaol sentence in DRC hanging over his head) must be very concerned about the constant pressure of both his and AVZ's situation.
As I see it, we may still have a couple of years to get the mess sorted out, and/or many battles to keep the corrupt carpet baggers from stealing Manono. If you look at the options to finalise a satisfactory result, AVZ personnel have to negotiate with many of these corrupt people. The number of possible alternative outcomes may become quite large. I hope they get some more support to help crank out the numbers and solutions on all possible options.
My next action.
I propose to send a personal vote of thanks to Yianni for getting off his arse, spending his time trying to help all shareholders and exposing himself to possible legal challengers.
I also propose to send a personal vote of thanks to all the Directors for their continuing (currently unpaid) work trying to get a deal for all shareholders. I also suggest the Directors pass on to the Legal team and any other supporting organization my vote of thanks.
Anyone who agrees with my thinking I hope you also feel that by giving your thanks to Yianni and support to our Board this will help them appreciate the retail shareholders and spur them on to get the job done over the next difficult period.
I love the sentiment, i thanked Yianni and the BOD for their ongoing hard work to achieve the best result they can for us long suffering holders at the AGM. I know for a fact the BOD are jaded from all this corrupt shit that never abates, I also know that Nigel has had to resort to selling private assets to keep the lights on too apart from not pulling in any wages for a number of months.......but his body language is alot more positive than it was last year and Yianni is always positive and a ripper bloke.
Where i do disagree with you is the time frame to get this mess sorted, no way its going to take another 2 years, like Nigel said, there is a minority of scum in the DRC govt that needs to be addressed and it may come to a pass that FT removes them from the equation.
Also, we are on the cusp of another lithium boom, all the signs point to a bottoming of the price curve and i am sure DRC govt doesnt want to see RD becoming a stranded asset and missing out on a potential $450m p/a in taxes / royalties for any longer than is deemed necessary.
CDL is about 4 yrs away from production at best, if a deal could be agreed upon ASAP, RD could be in production in around 18 months , potentially in the right time frame for massive profits as price would be in the ball park of $1000+ p/t by then me thinks.
One needs to remember , Manono strip ratio is 1: 1, AISC would be very low, lowest of all the hard rock plays out there by far.
Excellent profits would be made , thousands of jobs created and ultimately, a better standard of living within the community would have been attained if the brown bag mentality was erased.
We live in hope that FT gets a brain and develops into a true leader not a follower like Albanese.
imo
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I thought the jail sentence was revoked and just a big fine remained.
Could be wrong.
Clearly the fishing is shit there cos the cunt spends all day every day on his computer posting on a stock he doesn’t own …. Hello superHooter….Actually never been.
Maybe we could all go for a few days when this shit is over.
UtterMoron
Regular
We're finally going to war, I've about an 18 month buffer on my mortgage before I need to defer. Hopefully something fruitful comes of this and we start trading into 2026 at the latest
whilst there is alot of positivitity with Locke, i also feel we arent being informed as to why it took a year. 5 mil in working capital as the dealy breaker?
I think there is more to it and i worry if avz has dirt on their hands in any way.
Alternatively they were playing a "hope it resolves" before card and it failed.
But ultimately the path avz is going on is not the only path, they absolutely need to engage aus government into action. They can do this through the shareholder base engaging social media etc, but they choose not to leverage what is a passionate and committed shareholder base.
If avz does get a buy-out, you can rest assured FIRB will jump in at that point and likely create complexity.
Our government is a reactive government, AVZ needs to do more here... Where is the EU? The US is hopeful. we are talking about EV supply chain and it fall straight into what is a key geopolitical conversation right now.. AVZ needs to up their media campaign
I think there is more to it and i worry if avz has dirt on their hands in any way.
Alternatively they were playing a "hope it resolves" before card and it failed.
But ultimately the path avz is going on is not the only path, they absolutely need to engage aus government into action. They can do this through the shareholder base engaging social media etc, but they choose not to leverage what is a passionate and committed shareholder base.
If avz does get a buy-out, you can rest assured FIRB will jump in at that point and likely create complexity.
Our government is a reactive government, AVZ needs to do more here... Where is the EU? The US is hopeful. we are talking about EV supply chain and it fall straight into what is a key geopolitical conversation right now.. AVZ needs to up their media campaign
Maybe check out the annual UFO festival, looks like a hoot:Clearly the fishing is shit there cos the cunt spends all day every day on his computer posting on a stock he doesn’t own …. Hello superHooter….
Mr Inappropriate
Regular
We only needed them if we were going to mine in the ‘before’ days. They can also fuck right off.
Bin59
Regular
A press briefing was held last week prior to Biden’s visit to Angola from 2-4 December, it states there will be a number of announcements made during his visit, including some around infrastructure for the Lobito Corridor.
Also a huge thanks to everyone who shared their thoughts and notes from the AGM
Mr Inappropriate
Regular
Only if the agreement is current at the time at which we make said break.
if it expires and is not extended, no break fee is applicable.
That’s my read on it, at least.
AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes - Copperbelt Katanga Mining
AVZ Minerals Limited, a lithium mining company, has secured $15 million in litigation funding from Locke Capital II to support its legal efforts related to
copperbeltkatangamining.com
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