AVZ Discussion 2022

[Frank]

I would gladly lose my investment if I could see that piece of shit Celestin Kibeya & his pillow biting sidekick Alain Monga drawn and quartered.

Wait, did I go too far

https://x.com/marksmann007/status/1903591629933650028

 

[Carlos Danger]

What a strange point for them to make regarding Avz being sidelined. Kobold are obviously not going to make a takeover bid just for the pleasure of having a resource that’s still stuck in the courts. Hence the suggestion by kobold that Avz need to be fairly compensated.
Sidelining Avz doesn’t fit at all into the narrative being reported that kobold want to resolve the dispute.

Yeah it doesn’t match up with the White House’s reported comments either which in my view are key for establishing confidence in the DRC business climate for the gringos. And it’s impossible for KoBold to buy a majority holding from Cominiere that holds 25% (not 30%) of the project unless they plan to continue on the basis that the Dathcom JVA has been legally dissolved which in unlikely. But it is possible that KoBold is seeking another deal if the valuation they verbally put on offer wasn’t palatable to AVZ management during their recent trip to gringoland (therefore no need for it to be submitted in writing) imo

 

[Frank]

https://x.com/AzzlerMcAzzface/status/1903632723622903817

https://x.com/TDITDistaken/status/1903608746296877392

 

[Shire]

$10b USD - 30% TAX = $7b USD

$7b USD x 1.6 (USDAUD) = $11.2b AUD

$11.2b AUD / 3.5b SOI = $3.20 AUD

Obvs a bidding war can change this but the max valuation set by the CEO just 4 months ago is $3.20 per share

From Franck Fwamba’s Twitter posts yesterday and Nigel’s comment about KoBold at the AGM it appears this wasn’t a friendly proposal at least originally so let’s see what they offer. Appropriate compensation is minimum the $6.2b USD value (Around $2 AUD per share using same methodologically as above) of Manono figure in AVZ’s court filings otherwise the gringos can jog on imo

Hey Carlos,

There was some talk on X about the DRC waving the sale tax for all their shitfuckery…..I guess we could even wave the ICC partial award fines.

 

[Winenut]

$10b USD - 30% TAX = $7b USD

$7b USD x 1.6 (USDAUD) = $11.2b AUD

$11.2b AUD / 3.5b SOI = $3.20 AUD

Obvs a bidding war can change this but the max valuation set by the CEO just 4 months ago is $3.20 per share

From Franck Fwamba’s Twitter posts yesterday and Nigel’s comment about KoBold at the AGM it appears this wasn’t a friendly proposal at least originally so let’s see what they offer. Appropriate compensation is minimum the $6.2b USD value (Around $2 AUD per share using same methodologically as above) of Manono figure in AVZ’s court filings otherwise the gringos can jog on imo

Hey Carlos,

There was some talk on X about the DRC waving the sale tax for all their shitfuckery…..I guess we could even wave the ICC partial award fines.

New calc

$10b USD - no tax = $10b USD

$10b USD x 1.6 (USDAUD) = $16b AUD

$16b AUD / 3.5b SOI = $4.57 AUD

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Apologies to @Spikerama for quoting a price target

 

[Mr Inappropriate]

From the Equities Club this morning

AVZ’s Manono gets even messier — KoBold makes its move​

Last week, Donald Trump muscled into the AVZ Minerals' saga. This week, Bill Gates fancied a piece of the world's largest hard rock lithium deposit. The battle for Manono just went from wild to surreal.

The Gates-backed KoBold Metals has now thrown their hat into the ring, bidding for a majority stake in the monster Congolese lithium project. The US-based private company wants to buy in through Cominiere, the state-owned company with 30% of the asset.

​

The never ending saga of Manono. Source: Bloomberg

Why is this huge? KoBold is one of the most well-capitalised and technically sophisticated entrants in the critical minerals space. Their interest validates the scale and strategic importance of Manono.

Rarely has a mining asset become such a geopolitical prize. The US wants Manono out of Chinese hands, and Western governments are keenly aware of what's at stake - the world's largest hardrock lithium deposit in an increasingly lithium-hungry world.

With a resource of over 400Mt at 1.65% Li₂O, Manono remains one of the most coveted lithium assets on the planet. The fact that KoBold would enter this legal minefield speaks volumes about the deposit's significance.

“KoBold would welcome the opportunity to develop the asset.”
- KoBold Chief Legal Officer Sandy Alexander wrote to Congo President Felix Tshisekedi’s chief of staff in January 2025
The possibility of KoBold unlocking this asset with the technical and financial support of Silicon Valley's cleantech elite may accelerate development and revive stalled infrastructure planning.

The implications for AVZ shareholders are complex.

It's unlikely KoBold would buy out AVZ directly, as AVZ's equity interest in Manono has been under dispute since 2022. Instead, KoBold's deal appears aimed at acquiring control through Cominiere, effectively bypassing AVZ altogether.

Unfrotunately this raises the possibility that AVZ shareholders could be sidelined entirely,unless the company succeeds in international arbitration or reaches a negotiated settlement. Both of which are very possible outcomes.

If AVZ wins its case or forces a settlement, compensation could come from Cominiere, the DRC government, or potentially KoBold, depending on how many overlapping claims are resolved.

However, if KoBold moves forward and AVZ is unable to reassert its ownership stake, shareholders could be left holding equity in a company with no asset. The next 3–6 months are crucial, with arbitration outcomes and political negotiations likely to determine whether AVZ shareholders recover any value.

The Manono saga has now drawn in Chinese mining giants, the US government, a tech billionaire, and 21,000 stranded shareholders. The world's biggest lithium deposit has become a corporate and geopolitical battlefield.

​

The legal win last week was further validation in AVZ’s management to pursue Manono. Source: Reuters.com

In that case our ICSID case runs its full measure. $10bn, plus the accumulated financial penalties, thanks.

 

[Azzler]

The Equities Club malakas got called out and had to re-write their story.

We are definitely in the endgame now if this unheard of practice has just happened

.

 

[Shire]

The Equities Club malakas got called out and had to re-write their story.

We are definitely in the endgame now if this unheard of practice has just happened
View attachment 79993 .

That’s great. I was starting to get a bit (a lot) pissed off. Way too much inference from Equities Club in that story. The way they were suggesting it could’ve played out is that AVZ would’ve had a claim against KoBold in the future if successful at arbitration of $10B. Which isn’t unprecedented in terms of future owner compensating previous owner, but not at all what the other information had suggested about the deal.

 

[Mr Inappropriate]

The Equities Club malakas got called out and had to re-write their story.

We are definitely in the endgame now if this unheard of practice has just happened
View attachment 79993 .

Full credit to them for acknowledging the mistake and taking prompt action.

 

[j.l]

Full credit to them for acknowledging the mistake and taking prompt action.

And full credit to our team for staying across all the media and calling out the falsehoods and chicanery!

 

[BRICK]

The Equities Club malakas got called out and had to re-write their story.

We are definitely in the endgame now if this unheard of practice has just happened
View attachment 79993 .

Next Apology I want is from Tommy the terrible twitching turd tossing twat

 

[Carlos Danger]

New calc

$10b USD - no tax = $10b USD

$10b USD x 1.6 (USDAUD) = $16b AUD

$16b AUD / 3.5b SOI = $4.57 AUD

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Apologies to @Spikerama for quoting a price target

I'll add the 4.2352 premium to my equation when you add the missing U to your flow chart

u U U U U

 

[Pokok]

New calc

$10b USD - no tax = $10b USD

$10b USD x 1.6 (USDAUD) = $16b AUD

$16b AUD / 3.5b SOI = $4.57 AUD

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Apologies to @Spikerama for quoting a price target

I still enjoy your calculations

 

[Winenut]

I'll add the 4.2352 premium to my equation when you add the missing U to your flow chart

u U U U U

View attachment 79994

Your wish is clearly my command.....

 

[hedrox]

Where is the new Equities Club report ???

 

[Winenut]

New calc

$10b USD - no tax = $10b USD

$10b USD x 1.6 (USDAUD) = $16b AUD

$16b AUD / 3.5b SOI = $4.57 AUD

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Apologies to @Spikerama for quoting a price target

Go on....

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Who whipped out their calculator and checked it????

Be honest....

 

[Spikerama]

Go on....

$4.57 AUD x 4.2352 (verified and confirmed shit fucker premium) x 0.62 (convert back to USD) = USD $12...$12....$12!!!

Who whipped out their calculator and checked it????

Be honest....

Who do you think you are Wino? Rachel Riley?

 

[Carlos Danger]

@Carlos Danger and/or @9cardomaha

One matter that still irks me:

The original case to ICC concluded that Jin Cheng was not a shareholder in DATHCOM etc etc, which according to announcements they were appealing to the Paris Court of Appeal. (this despite all the evidence that they seemingly gave it up and instead gave some crook a cheque for 70m which gave them the JV on 15575. Haha, what a shitfuckery thats turning into)

I read somewhere that they have yet to file their papers, and I read somewhere else that they only have a drop dead date this month sometime to actually file.

My question is if they aren't a SH in Dathcom, how come all these other cases are still live and progressing, i.e. the fucking rejoinder to bring Cong/Kabila via Dathomir into the frame as well. Is it simply because unless, or until, their appeal is dropped or dismissed, everything continues as if the ICC finding isn't yet set in concrete?

For Jin Cheng I think it is because the substantive question of whether AVZ's FROR was violated is yet to be determined

The AVZI Successfully Defends Against Jin Cheng ICC Proceedings announcement says:

'On 15 March 2024, the ICC tribunal found in favour of AVZI, ruling that, for the purposes of jurisdiction, the status of a shareholder in Dathcom is determined by its registration in Dathcom’s internal share register and that the ICC tribunal did not have jurisdiction to preside over the proceedings commenced by Jin Cheng.'

This is backed up by the reasoning of the arbiters in last weeks ICC Partial Award Decision

'Moreover, while article 10.1 of Dathcom's Articles of Association 3.1 states that fully paid- up shares are only negotiable after the company has been registered with the RCCM, article 10.2 specifies that "Ownership of shares results from their entry an account in the name of the holder on the registers held for this purpose at the registered office.

Article 10.3 of the Bylaws also states that "The transfer is effected with regard to third parties and the Company, by the registration of the shares concerned in the share account of the acquirer in the registers held for this purpose at the registered office.

Thus, according to these provisions of Dathcom's Articles of Association, registration with the RCCM is not a condition for the validity of the transfer of shares, but it is the registration in the company's share register that is authoritative.'

The question of the FROR violation will be answered in the Cominiere ICC case so Zijin will be using that technicality to proceed with the damages case as ending it now could potentially violate their rights. Dathomir have likely been brought in to the damages case due to the fact that they have their own ongoing arbitration proceeding to determine whether they are still a shareholder of Dathcom. Spoiler alert they're not.

 

[Winenut]

Who do you think you are Wino? Rachel Riley?

You didn't answer the question....

 

[Dave Evans]

For Jin Cheng I think it is because the substantive question of whether AVZ's FROR was violated is yet to be determined

The AVZI Successfully Defends Against Jin Cheng ICC Proceedings announcement says:

'On 15 March 2024, the ICC tribunal found in favour of AVZI, ruling that, for the purposes of jurisdiction, the status of a shareholder in Dathcom is determined by its registration in Dathcom’s internal share register and that the ICC tribunal did not have jurisdiction to preside over the proceedings commenced by Jin Cheng.'

This is backed up by the reasoning of the arbiters in last weeks ICC Partial Award Decision

'Moreover, while article 10.1 of Dathcom's Articles of Association 3.1 states that fully paid- up shares are only negotiable after the company has been registered with the RCCM, article 10.2 specifies that "Ownership of shares results from their entry an account in the name of the holder on the registers held for this purpose at the registered office.

Article 10.3 of the Bylaws also states that "The transfer is effected with regard to third parties and the Company, by the registration of the shares concerned in the share account of the acquirer in the registers held for this purpose at the registered office.

Thus, according to these provisions of Dathcom's Articles of Association, registration with the RCCM is not a condition for the validity of the transfer of shares, but it is the registration in the company's share register that is authoritative.'

The question of the FROR violation will be answered in the Cominiere ICC case so Zijin will be using that technicality to proceed with the damages case as ending it now could potentially violate their rights. Dathomir have likely been brought in to the damages case due to the fact that they have their own ongoing arbitration proceeding to determine whether they are still a shareholder of Dathcom. Spoiler alert they're not.

Carlos do you remember @9cardomaha saying something along the lines of the ICSID being able to seize any royalties Zijin would pay to the DRC once they were in production?