AVZ Discussion 2022

[Flight996]

In addition to doing some preliminary work in the DRC, KoBold is also getting a wriggle on in Zambia, particularly in the Zambia copper belt within the route of the proposed Lobito corridor railway.

KoBold is developing the Mingomba Cu/Au deposit, located near Chililabombwe in the Zambia Copperbelt. It is one of the world’s largest and highest-grade undeveloped copper deposits. Mingomba sits along the route of the Lobito corridor rail line.

KoBold is also exploring the Dumwa target in the Solwezi area also in NW Zambia. KoBold entered an earn-in agreement with Midnight Sun Mining (Vancouver, Canada) to prove-up and ultimately develop the copper project. The Dumwa project also lies within the Lobito rail corridor.

Cheers
F

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[Strongman]

AVZ vs DRC @ ICSID - Final Countdown

Countdown to the ICSID tribunal of AVZ vs DRC (Congolese).

avz-icsid-final-countdown.netlify.app

Wow Spike that looks bloody amazing. Well done

 

[Spikerama]

Wow Spike that looks bloody amazing. Well done

Haha cheers dude but where have you been? This has been counting down since 75. I just updated the sunrise.

 

[Dave Evans]

Mate I don't think we have been seeing updated info re AVZ deal $$$,but regurgitations from the original media release . Maybe some new info re Kobold rallying their work force inside the DRC . Talking up their ambitions . My feel is a deal will be struck(if not already) and ICSID aborted . Hopefully the DRC gov/ Chinese don't f--k it up .

I agree Wombat, the biggest issue to do with KoBold is the valuation issue. They seem to continually add in risk factors (which all should be eliminated under the security for minerals deal), and casting doubt on the dispute.

As far as the dispute, we legally fulfilled all the legal requirements for the ML and were granted the mining decree. Then Cominiere violated our FROR, then they terminated the Dathcom JV because we argued against them violating FROR, then the DRC terminated our PR13359 for reasons that were caused by Cominiere.

All the DRC’s above actions are in violation of their own mining code, but KoBold never acknowledge any of those things. An article in The Australian referred to Manono as being the crown jewel in the security for minerals deal so the question remains, are KoBold going to pay fair value.

It’s not looking like anyone else is going to enter into a bidding war against KoBold when all along they have been suggesting they have already negotiated deals with AVZ, Tshisekedi, the US government and Rio. Like I’ve said before, everything points to them coming in with a less than fair value offer and then making a major profit by forming a new JV with a major mining entity.

Like everyone else, I want a deal done, I just don’t want us getting ripped off by the opportunistic self serving efforts of KoBold when we know they really don’t give a shit about AVZ or its shareholders

 

[PhatCatz]

It’s all laughable what kobold are saying. If what they are saying is so true than why are they desperate to get in on Manono.

The cherry on the cake is their concerns over ownership issues, yet they want AVZ to drop ISCID case which is THE key legal proceeding that will confirm our good legal title on this whole corrupted debacle.

It’s a complete and utter joke what they are trying to do. Making veiled underhanded threats through the media essentially saying it’s for our own good to hand it over now. I’m ashamed to see holders parrot that thought process and are willing to bend over for a cent in a dollar.

Nigel to keep the ISCID proceedings if they continue to bullshit us. We aren’t stuck in a 10 year battle to recoup value if we follow that path as some may claim. So many way for us to exit if we do follow through. Especially now as they’ve showed their greedy hand but with good legal title and a massive compensation claim we can use as leverage as what “fair value” will look like.

If anything, the DRC should be fucking grateful we are doing this . They can use the findings and undertake annuity into mining corruption within the Govenrmebt, do a complete clean out and kaboom. Investor confidence goes through the roof and in comes 100s billions in western and middle eastern dollars. Backed by the US security deal the chance of retaliation by some powerful corrupt minister with his own private military will be fairly slim.

 

[wombat74]

I agree Wombat, the biggest issue to do with KoBold is the valuation issue. They seem to continually add in risk factors (which all should be eliminated under the security for minerals deal), and casting doubt on the dispute.

As far as the dispute, we legally fulfilled all the legal requirements for the ML and were granted the mining decree. Then Cominiere violated our FROR, then they terminated the Dathcom JV because we argued against them violating FROR, then the DRC terminated our PR13359 for reasons that were caused by Cominiere.

All the DRC’s above actions are in violation of their own mining code, but KoBold never acknowledge any of those things. An article in The Australian referred to Manono as being the crown jewel in the security for minerals deal so the question remains, are KoBold going to pay fair value.

It’s not looking like anyone else is going to enter into a bidding war against KoBold when all along they have been suggesting they have already negotiated deals with AVZ, Tshisekedi, the US government and Rio. Like I’ve said before, everything points to them coming in with a less than fair value offer and then making a major profit by forming a new JV with a major mining entity.

Like everyone else, I want a deal done, I just don’t want us getting ripped off by the opportunistic self serving efforts of KoBold when we know they really don’t give a shit about AVZ or its shareholders

Mate I don't disagree with what you are saying . It's going to be Nigel's call .

----------------------------------------------------------------------------------------------
“AVZ and KoBold are working cooperatively with all stakeholders, including the US government, the DRC government, and AVZ’s current development partner,” they said.

The Australian understands Mr Tshisekedi has given his blessing to the AVZ-KoBold deal.

AVZ will propose to the DRC government that they suspend the international arbitration proceedings to facilitate discussions on handing back its licence to clear the way for the KoBold deal.

Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour."

 

[Strongman]

Haha cheers dude but where have you been? This has been counting down since 75. I just updated the sunrise.

Yeah thats what i meant. The sunset is perfect addition

 

[Spikerama]

Yeah thats what i meant. The sunset is perfect addition

Sunrise mate. Dawn of a new era. It's gonna get brighter.

 

[Doc]

Mate I don't disagree with what you are saying . It's going to be Nigel's call .

----------------------------------------------------------------------------------------------
“AVZ and KoBold are working cooperatively with all stakeholders, including the US government, the DRC government, and AVZ’s current development partner,” they said.

The Australian understands Mr Tshisekedi has given his blessing to the AVZ-KoBold deal.

AVZ will propose to the DRC government that they suspend the international arbitration proceedings to facilitate discussions on handing back its licence to clear the way for the KoBold deal.

Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour."

No ML, no stay of proceedings

 

[Skar]

It’s not looking like anyone else is going to enter into a bidding war against KoBold when all along they have been suggesting they have already negotiated deals with AVZ, Tshisekedi, the US government and Rio. Like I’ve said before, everything points to them coming in with a less than fair value offer and then making a major profit by forming a new JV with a major mining entity.

I don't think anyone else would even bid until ownership is resolved because what are they bidding on? or it would be a very short list (I would love to see Elon stick it to Bezos and come though though).

Still if Kobold can show that the DRC Gov are willing to come to terms, then even if we say no to Kobold and the DRC keep us locked up in ICSID, down the track as the market heats up, we make legal headway and there is proof of stability with the US-DRC mineral deal from other ventures and the project economics surge, I think at that point more US partners or buyers would emerge.

 

[wombat74]

No ML, no stay of proceedings
View attachment 85004

I think the whole deal will be done in one parcel . Not AVZ get the ML then do a deal with Kobold . Blink and you miss it / ML now in Kobold's name . No AVZ Cami update needed. DRC have egg on their face . They want AVZ gone . IMO

 

[Stockinvesting]

I tend to think its this with Kobold or nothing. ML straight to Kobold, court cases gone, an offer from Kobold that Nige commits too. This or the court cases continue and we wait and see if CATH, RIO, the arabs or anyone else can broker a deal that manages to appease all parties.

There's surely no way Nige is gullible enough to suspend the court cases after all we've been through until we have an assured decent offer, I guess we'll find something out in a max of 10 days

I tend to agree with you, and Wombat.

I just hope to high heaven we're not waiting for an announcement after June 1st. Management don't have the best reputation for timely updates.
Fingers crossed big time there's only 10 days max to wait

 

[tonster66]

any ideas on what is going to happen with the chinese?

From yesterday on X




Manono Lithium SAS

@Manonolithium



In anticipation of the actual production,
@Manonolithium
grants a period of 52 days to artisanal miners to release its mining perimeter. From July 1, no access will be tolerated to any foreigner...
@Chris

We all know that manono lithiums current PR covers AVZs Camp Coline and the core library.

Will AVZ or the new owners allow manono lithium to keep the camp? It looks like they have stated where they stand and wont give them
access to it (They are actually foreigners themselves, so disrespectful)

It is going to be real interesting to see what happens here cause this is not the northern section.

any thoughts?

 

[Hudnut]

"From July 1, no access will be tolerated to any foreigner..."

Hopefully that means all Chinese will piss off from the lease, but I don't think that's what they meant.

 

[wombat74]

any ideas on what is going to happen with the chinese?

From yesterday on X

Manono Lithium SAS
@Manonolithium



In anticipation of the actual production,
@Manonolithium
grants a period of 52 days to artisanal miners to release its mining perimeter. From July 1, no access will be tolerated to any foreigner...
@Chris

We all know that manono lithiums current PR covers AVZs Camp Coline and the core library.

Will AVZ or the new owners allow manono lithium to keep the camp? It looks like they have stated where they stand and wont give them
access to it (They are actually foreigners themselves, so disrespectful)

It is going to be real interesting to see what happens here cause this is not the northern section.

any thoughts?

Looks like they are expecting an influx of foreigners to the area ? Won't be AVZ's problem .

 

[Cumquat Cap]

I tend to agree with you, and Wombat.

I just hope to high heaven we're not waiting for an announcement after June 1st. Management don't have the best reputation for timely updates.
Fingers crossed big time there's only 10 days max to wait

I say ley ICSID get underway, will only out a massive fire under America to pay a fair value and get this wrapped up. We need leverage and ICSID can be halted at any time. Bring it on, wait til peace agreement signed and prey for competitive pressure

 

[Bray]

10 pages of banter and bickering caught up on, hope everyone is doing alright xx
View attachment IMG_4645.jpeg

 

[Dave Evans]

any ideas on what is going to happen with the chinese?

From yesterday on X

Manono Lithium SAS
@Manonolithium



In anticipation of the actual production,
@Manonolithium
grants a period of 52 days to artisanal miners to release its mining perimeter. From July 1, no access will be tolerated to any foreigner...
@Chris

We all know that manono lithiums current PR covers AVZs Camp Coline and the core library.

Will AVZ or the new owners allow manono lithium to keep the camp? It looks like they have stated where they stand and wont give them
access to it (They are actually foreigners themselves, so disrespectful)

It is going to be real interesting to see what happens here cause this is not the northern section.

any thoughts?

Don’t know if Zijin (Manono Lithium) has taken over our camp or if they built another one but if you look closely at this photo of their camp taken a few weeks ago it shows barbed wire around the top of their fencing

Makes your blood boil when you compare that photo to the photos in this link

Gallery — AVZ Minerals Limited

Projects Gallery

avzminerals.squarespace.com

 

[wombat74]

I say ley ICSID get underway, will only out a massive fire under America to pay a fair value and get this wrapped up. We need leverage and ICSID can be halted at any time. Bring it on, wait til peace agreement signed and prey for competitive pressure

Where's the competitive pressure coming from ?

 

[Xerof]

Another fucking spam bot
Joined 55 minutes ago, 28 posts
Fuck off j19/himybaggywaggys