AVZ Discussion 2022

[Carlos Danger]

@Carlos Danger

But the new deal pushes participation up the food chain to indirect, so I'm struggling to work out how a shift in the final % at the DATHCOM level works out. There's no detail on how any adjustment takes place

Currently Dathcom is GLH 75% (AVZ 59.4% / CATH 40.6%) and Cominiere 25%

10% must be ceded to the DRC government by Cominiere

What happens to the remaining 15% from Cominiere is unknown. Cominiere could keep it or if they want to sell we get first dibs and I'm sure with Pei now involved price wouldn't be an issue for GLH. But Nigel has mentioned in the past that the DRC government could take a bigger share.

If we end up getting the Cominiere 15% then it will be absorbed into GLH and the AVZ 59.4% / CATH 40.6% split will be applied to the 90%. Unlike the Dathomir 15% which is included in the TIA as completion occurred upon payment to Cong. However I see GLH ending up with 90% as the most unlikely outcome and the Cominiere 15% will stay in DRC hands one way or another.

So my prediction is GLH 75% / DRC 25% (15% of which possibly still retained by Cominiere) on a direct basis for Dathcom and AVZ 44.5% / CATH 30.5% / DRC 25% on an indirect basis for profits imo

 

[Dazmac66]

Please watch this 15 minute video. It probably deserves it's own thread. Greater alignment with China may well be a masterstroke to see us receive value for our investments. Happy sunday to all.

2https://youtu.be/y1KLK1G0ByU?si=Ni3FMqoB_cS7qfNI

 

[Azzler]

Please watch this 15 minute video. It probably deserves it's own thread. Greater alignment with China may well be a masterstroke to see us receive value for our investments. Happy sunday to all.

2https://youtu.be/y1KLK1G0ByU?si=Ni3FMqoB_cS7qfNI

That is a sus AF link if I ever saw one.

 

[Hemicuda]

Managed 1 session without sharks And cleaned up in big sweetlip off caloundra. Plenty of fish out there but sharks eat the lot! Waste of time and fish.

Blimey 4kg is good grassies,,, yup on the sharks out there their everywhere at the moment

 

[Dazmac66]

That is a sus AF link if I ever saw one.

What do you mean Azzler?

PS sent you message Hemicuda.

 

[Flexi]

That is a sus AF link if I ever saw one.

Remove the 2 from the link at the beginning. Interesting predictions.

 

[whales]

Currently Dathcom is GLH 75% (AVZ 59.4% / CATH 40.6%) and Cominiere 25%

10% must be ceded to the DRC government by Cominiere

What happens to the remaining 15% from Cominiere is unknown. Cominiere could keep it or if they want to sell we get first dibs and I'm sure with Pei now involved price wouldn't be an issue for GLH. But Nigel has mentioned in the past that the DRC government could take a bigger share.

If we end up getting the Cominiere 15% then it will be absorbed into GLH and the AVZ 59.4% / CATH 40.6% split will be applied to the 90%. Unlike the Dathomir 15% which is included in the TIA as completion occurred upon payment to Cong. However I see GLH ending up with 90% as the most unlikely outcome and the Cominiere 15% will stay in DRC hands one way or another.

So my prediction is GLH 75% / DRC 25% (15% of which possibly still retained by Cominiere) on a direct basis for Dathcom and AVZ 44.5% / CATH 30.5% / DRC 25% on an indirect basis for profits imo

On your prediction of DRC retain 25% on an indirect basis , still leaves uncertainty surrounding the 15% ROFR being illegally sold to Zijin.
So still possible the need for Abitration ruling on the ROFR to quash the illegal sale or DRC / have made a deal with AVZ on Carrier?

 

[Carlos Danger]

Incredible by the bod. A truly remarkable effort to have pulled this off. Pretty clear what happens next imo

On your prediction of DRC retain 25% on an indirect basis , still leaves uncertainty surrounding the 15% ROFR being illegally sold to Zijin.
So still possible the need for Abitration ruling on the ROFR to quash the illegal sale or DRC / have made a deal with AVZ on Carrier?

The question of the FROR will be answered in the case we brought against Cominiere at the ICC for their repeated flagrant violations of the Dathcom joint venture agreement specifically ICC No. 27720/SP

However even if we win Cominiere have zero obligation to sell

Felix has wanted processing done in country and a bigger cut of profits all along and I reckon he has got his way on that

I've made my thoughts on the legal status of CDL very clear in the past

Dathcom will be remunerated with cash plus a free carried 10% of Manono Lithium with zoning reverting to the waiver split line and we all play nice on the power plant imo

 

[whales]

The question of the FROR will be answered in the case we brought against Cominiere at the ICC for their repeated flagrant violations of the Dathcom joint venture agreement specifically ICC No. 27720/SP

However even if we win Cominiere have zero obligation to sell

Felix has wanted processing done in country and a bigger cut of profits all along and I reckon he has got his way on that

I've made my thoughts on the legal status of CDL very clear in the past

Dathcom will be remunerated with cash plus a free carried 10% of Manono Lithium with zoning reverting to the waiver split line and we all play nice on the power plant imo

Thank you Carlos .
Also thank you to all that stayed positive and supported shareholders on this forum in very difficult time situation for AVZ
Geo thanks
Beginning to jump for joy..
Aka PASBOZ on hotcrapper.

 

[Strongman]

Hey PhatCatz have a read of @ Carlos Danger last 2 posts. I think he has explained it perfectly.
Thanks Carlos

 

[Carlos Danger]

Hey PhatCatz have a read of @ Carlos Danger last 2 posts. I think he has explained it perfectly.
Thanks Carlos

Can you feel the tension? I can. I can feel it down in my plums. They're getting a nice bluish hue.

‘There is a reasonable prospect that a party, including the Company, will be granted a PE in respect of the Carriere de l’Este Mineral Resource’

‘Roche Dure has the good powder’

‘The north is haunted by mica’

’95% of the value is in the south’

 

[JasonM]

been a away a bit over a day and what 5 or 6 pages of posts to catch up on, something must be happening which is awfully nice to be in this situation in a very long time.

@SilentOne its not defeatist to reach a negotiated outcome, I firmly believe zijin will remain with the north, they'll pay for it, maybe $200m, $300m, whatever but in the end only way to move forward in my view is to let go of that and move on. all speculation on here so time will tell

 

[Xerof]

View attachment 75806
Can you feel the tension? I can. I can feel it down in my plums. They're getting a nice bluish hue.

‘There is a reasonable prospect that a party, including the Company, will be granted a PE in respect of the Carriere de l’Este Mineral Resource’

‘Roche Dure has the good powder’

‘The north is haunted by mica’

’95% of the value is in the south’

View attachment 75807

My plums have morphed into avocados, and they are ripening by the hour

and to @whales PAZBOZ, I had missed your input over on the crapper, but here you have been all the time. Should have guessed with whales as your nick. I think we traded whale memes in days gone by

 

[Point Piper Dealer]

I posted this on hotcrapper, let me know your thoughts:

"Good post Xerof, however if a deal is struck with the DRC govt in obtaining a ML and therefore all court cases are dropped at part of the deal, I would suspect that the Dathomir percentage would go to CATH given they will ultimately be the ones whom will negotiate with Simon Cong.

Sure if we continued down the ICC / ISCID route then yes AVZ would claim the % from Dathomir due to a legal win awarding us the rights, however I don't believe this will be case moving forward. My feel is all negotiations will be done by CATH! AVZ will take a backseat in all dealings!

As we all know AVZ doesn't have a great name in the DRC (not our fault) and therefore my feel is for us to secure ML, drop cases, provide what is seen as a win-win for the DRC govt we will become a minority holder. The transaction/payout/transfer on Dathomir will tip us into the minority holder status. I do believe however we will have higher voting rights, as this would have been written up legally. The reason I say this is because CATH will not be able to override/spill the board with votes as part of the relationship deed. We need to read between the lines here."

 

[Winenut]

Does anyone have a correct diagramatic representation of the corporate structure for Dathcom and the AVZ related entities involved and % holdings "prior" to the new arrangement just annnounced involving Mr Pei and Green Lithium Holdings?

The representation (or even just straight cold hard data) would ideally include Dathcom, AVZI, AVZ Minerals and Green Lithium Holdings at a very minimum and indicating parent and subsidiary entities and relevant holding percentages

I've been searching everywhere but I'll be fucked if I can find a definitive one and I would like it as a starting point for my own calculations and analysis of the new Mr Pei/CATH arrangements

I've really appreciated the input from others on the thread but there seems to be a number of different variations and views as to what we are starting with and what we can expect if the arrangement is implimented

All help greatly appreciated

Cheers!

 

[Carlos Danger]

I posted this on hotcrapper, let me know your thoughts:

"Good post Xerof, however if a deal is struck with the DRC govt in obtaining a ML and therefore all court cases are dropped at part of the deal, I would suspect that the Dathomir percentage would go to CATH given they will ultimately be the ones whom will negotiate with Simon Cong.

Sure if we continued down the ICC / ISCID route then yes AVZ would claim the % from Dathomir due to a legal win awarding us the rights, however I don't believe this will be case moving forward. Mt feel is all negotiations will be done by CATH! AVZ will take a backseat in all dealings!

As we all know AVZ doesn't have a great name in the DRC (not our fault) and therefore my feel is for us to secure ML, drop cases, provide what is seen as a win-win for the DRC govt we will become a minority holder. The transaction/payout/transfer on Dathomir will tip us into the minority holder status. I do believe however we will have higher voting rights, as this would have been written up legally. The reason I say this is because CATH will not be able to overwrite/spill the board with votes as part of the relationship deed. We need to read between the lines here."

You misunderstand the nature of our disagreement with Dathomir

Part of the negotiations if occurring will be the requirement that Cong admits the SPA's were completed correctly

This is crucial for Graeme Johnston avoiding jail

The TIA terms clearly show that the deal is based on AVZ holding 75% of Manono

Shouldn't be too much longer now for the ICC to confirm the SPA's were completed upon payment so tick tock if Cong wants to avoid damages imo

 

[Flight996]

Re: Mt feel is all negotiations will be done by CATH! AVZ will take a backseat in all dealings!

I can't see the majority holder (AVZ/GLH) allowing the Chinese minority holder (CATH) to negotiate on it's behalf. From a business strategy point of view, that's corporate suicide.

AVZ hasn't fought tooth and nail for the past two years against a relentless campaign of graft and corruption to simply relinquish its negotiating position and its future to the Chinese.

 

[Carlos Danger]

Re: Mt feel is all negotiations will be done by CATH! AVZ will take a backseat in all dealings!

I can't see the majority holder (AVZ/GLH) allowing the minority holder (CATH) to negotiate on it's behalf. From a business strategy point of view, that's corporate suicide.

AVZ hasn't fought tooth and nail for the past two years against a relentless campaign of graft and corruption to simply relinquish its negotiating position and future to the Chinese.

The DRC government are refusing to talk to the bod

Having Pei as a middle man makes a lot of sense

It will be collaborative between AVZ / CATH but ultimately Pei will be pulling most of the functional strings

It would need to be something serious for Nigel to intervene and I reckon the legal option will be a break glass in case of emergency type thing as we wouldn't want to be the ones stalling the project again unless absolutely necessary

I doubt there would be too much disagreement between Nigel and Pei on how to do things anyway but Pei will be able to throw his weight around more easily than most minority positions due to the financial backing, processing expertise and negotiation ability he brings to the table imo

 

[GuruDukun]

Here is a recent tender from Manono Lithium. They use Rawbank too.

Société MANONO LITHIUM SAS : Avis de l'Invitation à des négociations commerciales sur le transport de matériaux pour Manono Lithium SAS

马诺诺锂业物资运输商务谈判邀请公告 Avis de l'Invitation à des négociations commerciales sur le transport de matériaux pour Manono Lithium SAS 公告编号Numéro d'annonce：MLSAS20250101 刚果民主共和国马诺诺锂业简易股份有限公司，法文全称： MANONO LITHIUM SAS，在刚果民主共和国(以下简称“刚果(金)”)注册，（国家注册号：05-B0500-N27040M，商业登记号：CD/LSH/RCCM/23-B-01276 ，税号...

www.radiookapi.net

 

[Point Piper Dealer]

The DRC government are refusing to talk to the bod

Having Pei as a middle man makes a lot of sense

It will be collaborative between AVZ / CATH but ultimately Pei will be pulling most of the functional strings

It would need to be something serious for Nigel to intervene and I reckon the legal option will be a break glass in case of emergency type thing as we wouldn't want to be the ones stalling the project again unless absolutely necessary

I doubt there would be too much disagreement between Nigel and Pei on how to do things anyway but Pei will be able to throw his weight around more easily than most minority positions due to the financial backing, processing expertise and negotiation ability he brings to the table imo

Agree Carlos!

On another point given CATH already own 7.1% of all current AVZ shares are these part of GLH or AVZ direct. If AVZ direct, then their holdings is naturally higher overall.