AVZ Discussion 2022

[Sammy_da_Smile]

RDC : les autorités sollicitent l’appui des banques locales pour produire des batteries électriques

Les récents rapports sur l’énergie indiquent que certains minerais stratégiques et les terres rares auront un rôle de plus en plus important dans la

www.agenceecofin.com

Creation date: April 27, 2022 4:19 p.m.

DRC: authorities seek support from local banks to produce electric batteries

Recent energy reports indicate that certain strategic minerals and rare earths will have an increasingly important role in the energy transition. The DRC, one of the main producers of these minerals, wants to position itself to take advantage of this opportunity.

Antoinette N'Samba Kalambayi (photo), the Congolese Minister of Mines, urged the financial institutions established in the DRC to support the efforts of the authorities aimed at providing the country with an efficient factory for the production of electric batteries.

The leader, who spoke at a forum organized by the Faculty of Polytechnics of the University of Lubumbashi, explained that in the context of energy transition, the country intends to position itself as a "solution country" through its natural resources such as lithium, cobalt and nickel.

One of the solutions to global warming is to replace thermal cars with electric cars, road transport being one of the most polluting sectors in the world. However, the construction of electric cars, in particular their batteries, requires a large quantity of copper, lithium and cobalt. Thus the demand for these minerals has increased sharply in recent years. And it is precisely by responding to this request that the DRC could be a “solution country” , as the minister suggests.

The country currently provides 50% of the world's cobalt supply. However, it is only an exporter with very little participation in the value chain. If the government's plan is activated and implemented, this will allow the country to produce batteries and electric cars and therefore better benefit from the economic benefits of this booming sector.

 

[Dazmac66]

And AVZ closes the day less than $1. WTF..

 

[Hemicuda]

And AVZ closes the day less than $1. WTF..

link didn't work bud

 

[CashKing]

And AVZ closes the day less than $1. WTF..

It’s because I bought some at $1.005 yesterday mate, always happens to me & sorry in advance I won’t mess with my average again but it is tempting on the cusp of ML Ann

 

[Dazmac66]

Is it working now in original post? Latest ASX investor video.

 

[Ashlee]

Sorry to rain on some folks parade but personally I'm here to make $$ and talk about AVZ and other stocks. Not really interested in pictures of cars, boats, or scantily clad woman (or men for that matter) or the "boys club mentality". Plenty of better websites for that than this one. Conversely I think if you saturate these threads with this stuff then less people will inclined to contribute quality investment content here ... of which this site needs more.

Just IMHO

Free couldn’t agree more I was a bit taken back by some of the posts today.

 

[CashKing]

*To Remind,

The 25% is not owned by the DRC Government. It is owned by Cominiere.

COMINIERE SA's share capital is 90% owned by the Congolese state through the portfolio ministry and 10% by the national social security institute.

Dathomir is the holding company of the Manono lithium and tin project.

At this very moment AVZ owns 75% of Dathomir

Cominiere owns 25% of Dathomir.

AVZ is about to sell 24% of its 75% of Dathomir to CATH and is trying to buy it 15% of Dathomir from the 25% Cominiere holds.

The value of Cominiere's 25% of Dathomir has to be seen in light of who paid and took the risk for the development of the Manono lithium and tin project.

At the end of the above process, the agreement was that Cominiere would transfer its remaining 10% to the DRC government as per the ML legal requirements.

A little convoluted, but that is the situation as far as I understand.

As mentioned now several times the 30 days for the ML to be processed by the Mining department are business days, not working days.

So 5 business days in a week and the Easter Long Weekend has to be taken into account.

So don't be too surprised, if the ML doesn't get granted tomorrow, or get announced on Monday.

Don't forget the 7 hours time difference between Perth and Kinshasa and 9 hours between Sydney and Kinshasa.

cruiser51​

View attachment 5184

After the last couple of days let’s just take a Deep Deep Breath of fresh air…

It’s painful but it’s happening & you cans still see how many traders are all over AVZ with today’s SP action, people freak out over 5%-10% , up down up down, TH will stop this however I thing just let the announcements roll

The pesky shorters are not helping….

GLTAH

 

[Winenut]

Free couldn’t agree more I was a bit taken back by some of the posts today.

Like exactly who and what posts have you "taken back" there Ashlee?

Clue me in on the details that you're concerned about so we can discuss them and alleviate your apparent concerns

 

[Winenut]

And that's actually a bit like taken "aback" isn't it I'm guessing?...

Like I said let us know your concerns so we can address them properly

 

[Winenut]

Don’t worry everyone, NF and his vocal BoD have got everything under control it is all Peaches & Cream". ML and 240M US in the bank tmw, surely. SP $1.50 plus by end of day, friday

George, George please....restrain yourself

You wouldn't want to go off too early there would you....

 

[Sammy_da_Smile]

Few points from the Germany presso. Short summary captured below. Further comments are on the site that must not be named, from those who attended.

We just need to sit back and relax. News coming out of the DRC is still very positive regarding their battery ambitions. Whilst it is frustrating the wait, I'm sure it will unfold soon enough

 

[BEISHA]

Few points from the Germany presso. Short summary captured below. Further comments are on the site that must not be named, from those who attended.

We just need to sit back and relax. News coming out of the DRC is still very positive regarding their battery ambitions. Whilst it is frustrating the wait, I'm sure it will unfold soon enough

View attachment 5189

Thanks Sammy for that !

It appears that the only entity trying to fast forward Manono is AVZ.

Despite no ML, AVZ still doing the heavy lifting by committing $25m for earthworks and other preparations for construction of mine, meanwhile Cath & DRC Govt still sitting on their hands .......surprise, surprise.

Its no wonder that investors are a little skittish !

imo

 

[BEISHA]

Thanks Sammy for that !

It appears that the only entity trying to fast forward Manono is AVZ.

Despite no ML, AVZ still doing the heavy lifting by committing $25m for earthworks and other preparations for construction of mine, meanwhile Cath & DRC Govt still sitting on their hands .......surprise, surprise.

Its no wonder that investors are a little skittish !

imo

Dow futures up 600 pts last night.............AVZ should get a bounce today.

imo

 

[Sammy_da_Smile]

Yeh and the information stating CATH are waiting for ML is confirmed now from the presso. So that makes sense the extensions, though previous ann's stated this requirement to be waived, a little more info in the next extension would be nice.

I had been trying to find tenders and the like online for such pre work activities. Found nothing, though expected as much. I have no experience or knowledge in this field. No idea the process if someone has any background in it?

 

[Dazmac66]

Someone stumping 781,771 share on the sell side at $1.005. Someone getting a divorce by the look of that.

 

[BRICK]

gawd... to top up or not to top up... that is the question.

Edit... think i missed the bottom dammit

 

[Samus]

gawd... to top up or not to top up... that is the question.

Edit... think i missed the bottom dammit

Top up mate!
I would have been if customers would pay their bills on time

 

[Samus]

Top up mate!
I would have been if customers would pay their bills on time

Having said that, it would likely mean some short term pain before it pays off @Cashcity knows what I'm talking about
Every fucking time guaranteed!

 

[BRICK]

Top up mate!
I would have been if customers would pay their bills on time

I hear you! i topped up on that dip back in January and have another one in a bit lower than this current price so lets see where we dip before the shorters begin to exit!

 

[Samus]

I hear you! i topped up on that dip back in January and have another one in a bit lower than this current price so lets see where we dip before the shorters begin to exit!

Way I see it, we've come this far and taken the risk. Logic dictates that this well could be a very good buy price moving forward. Shatter the average sure but I've already done that all the way up to 75c personally.
No advice of course.