AVZ Discussion 2022
- Thread starter GazDix
- Start date
oxxa23
Regular
haha, i know, but, you can bet that Management are considering the tax savings of 50% discount on their pile of shares already...I'm not worried about capital gains tax - the ability to buy shares that plummet 70% from my buy in price gives me plenty of scope to offset capital gains.
I look forward to a dedicated capital gains tax dodging thread because the f#cking useless Australian government doesn't deserve the hundreds of millions they will receive in cgt from the sale of AVZ. Penny Wong and Albo on the radio this morning dribbling on about some lady picking up a baby wombat. FMD!!
Originally I thought CATH would be pushed out of the deal when/if a US firm purchased AVZ’s stake in Monano and that that would be fair, given they voted with MMGA and I can’t say I really trusted them after that even when they gave us 20 million.
However, I could imagine a world where CATH, who sell their batteries to Tesla have a word with the leadership at Tesla about securing the necessary resources for battery production and next thing you know Elon is talking to Trump about securing the worlds largest lithium mine…..
Or perhaps it was just good work on Nigel‘s part to head to Washington. We might never know, but it’s nice to have some hope for the first time in a very long time.
However, I could imagine a world where CATH, who sell their batteries to Tesla have a word with the leadership at Tesla about securing the necessary resources for battery production and next thing you know Elon is talking to Trump about securing the worlds largest lithium mine…..
Or perhaps it was just good work on Nigel‘s part to head to Washington. We might never know, but it’s nice to have some hope for the first time in a very long time.
Winenut
Go AVZ!
You would think so......or hope so!
Bin59
Regular
Frank posted this yesterday “am sure AVZ Board are keeping all options open with only 84 days left before the ICSID case is heard”
I’m going to hazard a guess that this did not happen in the last few weeks. Kobold has been sniffing around for some time now …. Perhaps Trump and co were formulating a plan in his run up to the election in the event that he won. Pretty sure all the white noise on X and knowledge within the lithium industry has helped create awareness for the powers that be.
However/whatever…. I have always maintained since the first day of suspension that the USA and Europe could not let China dominate the control of lithium and that there was always going to be a good outcome ( for us holders ). The fact that the ICSID and the ICC are around the corner has speeded up the process.
Looking forward to the 10th April ( or thereabouts
)
Spikerama
Regular
The start date mate. I need it for the code to work
Bin59
Regular
Is China now pulling on Felix's reins ? The chaotic influence operation has left US officials sceptical that a minerals deal is workable . If it sounds too good to be true it usually is .
Stockinvesting
Regular
What's happening on the 10th of April please?I’m going to hazard a guess that this did not happen in the last few weeks. Kobold has been sniffing around for some time now …. Perhaps Trump and co were formulating a plan in his run up to the election in the event that he won. Pretty sure all the white noise on X and knowledge within the lithium industry has helped create awareness for the powers that be.
However/whatever…. I have always maintained since the first day of suspension that the USA and Europe could not let China dominate the control of lithium and that there was always going to be a good outcome ( for us holders ). The fact that the ICSID and the ICC are around the corner has speeded up the process.
Looking forward to the 10th April ( or thereabouts
Frank
Top 20
DRC/United States Mining Contract: Enormous Challenges Ahead of the Agreement (Justicia Asbl)
Justicia Asbl, an organization based in the Democratic Republic of Congo (DRC) that promotes and protects human rights, humanitarian law, and development, stated that it is closely following the meetings between the governments of the United States of America and the DRC that could lead to an agreement on the exploitation of strategic minerals.
Justicia Asbl, responsible for facilitating the Voluntary Principles in the DRC, a global initiative coordinated by the United States, urges both countries to prioritize the public interest and expects the agreement to be signed to contribute to improving mining governance.
"Without improving mining governance, combating corruption, influence peddling by politically exposed persons or members of the head of state's family, and enforcing sanctions against domestic and foreign mafia groups, no mineral exploitation agreement would truly benefit the Congolese people," declared the president of Justicia Asbl, Timothée Mbuya, as quoted in a March 11 press release from the organization.
Justicia Asbl emphasized that the Congolese mining sector faces enormous challenges.
It cited, in particular, illegal mining activities supported by the presence of ineligible military personnel on permits already officially granted to foreign investors who responsibly extract strategic minerals (copper and cobalt) in the provinces of Haut-Katanga and Lualaba, as well as the presence of armed groups exploiting other minerals such as tantalum extracted in the eastern part of the country.
For Justicia Asbl, it should also be noted that the weakness of the state, corruption, and influence peddling through the presence of political figures, especially those in power and members of the presidential family, are not only problems that prevent mining companies regularly established in the DRC from exploiting minerals in complete peace, but above all, these illegal activities are the cause of human rights violations, resulting in hundreds of cases of murder, torture, rape, and the worst form of child labor, among others.
"For example, supply chains, often controlled by the Chinese, are supplied by the following illegal activities: savage looting by individuals acting on behalf of a few members of the President's family, national and provincial authorities, with the protection of elements of the Republican Guard; invasion by several thousand clandestine and illegal miners under the cover of mining cooperatives run by political figures in power...", Justicia Asbl emphasized.
This organization also notes that due to these illegal activities around their sites, some companies are experiencing enormous financial difficulties amounting to billions, to the point of resorting to mass layoffs of their employees.
"It should be noted that these problems also affect the province of Tanganyika, where the lithium mining project in Manono is stalled due to interference from certain Congolese political actors, poor governance by the Cominière company, and corruption of Congolese officials by certain Chinese and Australian groups.
Similarly, the situation is prevalent in eastern DRC, where several mining sites are managed by armed groups, thereby fueling deadly conflicts," added Justicia Asbl.
It notes that it is under these conditions that the Congolese and American governments are opening the way to dialogue for agreements on the exploitation of strategic minerals in exchange for support for the country's security.
For her, the conclusion of such an agreement should not be made outside the DRC National Assembly or in violation of the law, which prohibits the signing of any exclusive contract.
Emphasizing that Congolese minerals should not be sold off for the benefit of individuals and that any agreement with the US government should be transparent, published, and subject to broad consultation with communities and civil society, Justicia Asbl recommends that civil society organizations not support any mining contract or agreement that would not benefit the population.
Justicia Asbl, an organization based in the Democratic Republic of Congo (DRC) that promotes and protects human rights, humanitarian law, and development, stated that it is closely following the meetings between the governments of the United States of America and the DRC that could lead to an agreement on the exploitation of strategic minerals.
Justicia Asbl, responsible for facilitating the Voluntary Principles in the DRC, a global initiative coordinated by the United States, urges both countries to prioritize the public interest and expects the agreement to be signed to contribute to improving mining governance.
"Without improving mining governance, combating corruption, influence peddling by politically exposed persons or members of the head of state's family, and enforcing sanctions against domestic and foreign mafia groups, no mineral exploitation agreement would truly benefit the Congolese people," declared the president of Justicia Asbl, Timothée Mbuya, as quoted in a March 11 press release from the organization.
Justicia Asbl emphasized that the Congolese mining sector faces enormous challenges.
It cited, in particular, illegal mining activities supported by the presence of ineligible military personnel on permits already officially granted to foreign investors who responsibly extract strategic minerals (copper and cobalt) in the provinces of Haut-Katanga and Lualaba, as well as the presence of armed groups exploiting other minerals such as tantalum extracted in the eastern part of the country.
For Justicia Asbl, it should also be noted that the weakness of the state, corruption, and influence peddling through the presence of political figures, especially those in power and members of the presidential family, are not only problems that prevent mining companies regularly established in the DRC from exploiting minerals in complete peace, but above all, these illegal activities are the cause of human rights violations, resulting in hundreds of cases of murder, torture, rape, and the worst form of child labor, among others.
"For example, supply chains, often controlled by the Chinese, are supplied by the following illegal activities: savage looting by individuals acting on behalf of a few members of the President's family, national and provincial authorities, with the protection of elements of the Republican Guard; invasion by several thousand clandestine and illegal miners under the cover of mining cooperatives run by political figures in power...", Justicia Asbl emphasized.
This organization also notes that due to these illegal activities around their sites, some companies are experiencing enormous financial difficulties amounting to billions, to the point of resorting to mass layoffs of their employees.
"It should be noted that these problems also affect the province of Tanganyika, where the lithium mining project in Manono is stalled due to interference from certain Congolese political actors, poor governance by the Cominière company, and corruption of Congolese officials by certain Chinese and Australian groups.
Similarly, the situation is prevalent in eastern DRC, where several mining sites are managed by armed groups, thereby fueling deadly conflicts," added Justicia Asbl.
It notes that it is under these conditions that the Congolese and American governments are opening the way to dialogue for agreements on the exploitation of strategic minerals in exchange for support for the country's security.
For her, the conclusion of such an agreement should not be made outside the DRC National Assembly or in violation of the law, which prohibits the signing of any exclusive contract.
Emphasizing that Congolese minerals should not be sold off for the benefit of individuals and that any agreement with the US government should be transparent, published, and subject to broad consultation with communities and civil society, Justicia Asbl recommends that civil society organizations not support any mining contract or agreement that would not benefit the population.
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Winenut
Go AVZ!
Xerof
Have a Cigar 1975
Xerof
Have a Cigar 1975
I'm flying out to Dubai, but thats not what you were asking I guess
Possibly mate possibly !!!!We all become multi millionaires!!
This seems to fly directly in the face of the previous article in the Australia. Has definitely killed my mood.
I guess at some point Washington was going to realise that Felix is running a complete and utter circus.
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