Index fund isn’t much better also, bunch of fucktards the lot of them.You can add AlmiSir666 to your shit list. What a tool!
Yup, that's what I kinda found in my research and posted yesterday, hopefully as they say they can rebuff their claimhttps://www.stockspecialist.com.au/post/avz-plummets-ownership-claims
As Scarpa (another respected HC poster and LTH) explained, the ann today with explanation to the legal rights to additional 15% from Cominiere is currently in doubt. This may be the main reason why SP tanked today.
The confusion was used by shorters to push the SP down triggering a number of stop losses. Market was likely to be spoofed that AVZ has only 36% ownership of the project after finalising the deal with CATH. However, in actuality, AVZ has 51%. Also, AVZ has been robbed of its chance to obtain another 15% from Cominiere as it was suspiciously transferred to a third party (closely related to Zijin mining) by the DRC Gov, which I suspect during the Kabila time.
In the interim, I hope the DRC Gov and AVZ are able to sort this matter out so that mining can commence at the end of 2023.
Grateful if anyone can provide further input. I could be completely wrong with my interpretation of information.
yes a bit of flesh could cheer us all upso where is jag today i think all in shock
Probably icing his backside like the rest of us, one hell of pineapple todayso where is jag today i think all in shock
Or sold out and smilingProbably icing his backside like the rest of us, one hell of pineapple today![]()
Any government can do anything anytime if they have the numbers/structures.Hello fellow AVZ Minerals holders and believers. I have some questions if that is alright..
So the SP tanked because the market is now pricing in a 37% ownership of the Manono project? Even if I see this as highly unlikely.
Also, how is it possible that Zijin Mining got the 15% ownership if AVZ Minerals has the legal rights to it first??
I read from a previous post that they took this to court but that nothing really happened? Surely this is unacceptable to both the DRC and AVZ Minerals as they are both getting robbed of their resource.
I have hold on to almost all of my shares since 19C and am definitely not selling any now, I still believe AVZ will be one of the biggest market leaders in the Lithium and Tin market in the future.
But can the DRC revoke Zijing Minings Exploitation permit?
Sorry if my questions are "uneducated" but I am under 20 and English is my third language so please take that into consideration. Furthermore, this is not an attempt to down ramp the stock, I and my family are hoping for this to work and looking forward to potential divvies down the line
/Lellep
Reckon you'll be okay GeorgeWhat a fucked day for AVZ, no one could have predicted this outcome, on what initially all us retail holders thought was positive. Funds orchestrated after they sniffed the negative legal issue being finally acknowledged by AVZ - IMO - that is all they needed to load up the sell side 6:1 or more, caused stops, panic and mayhem. Will it stop going south tmw, rest of month. Legal stouch is not a good look, worst trading day of my life as a holder of AVZ for 4.5 years (not selling a single share of my LT holding - but down so much since ATH). Closed out my significant trading parcel - I had to close out today, the market traders/ funds fucked me over. Not touching any Lithium stocks until the new FY, too much world negative events causing whip sawing of huge daily percentages for many Li stocks. Check my watch list today. Far out 2-3 weeks ago AVZ was $1.36!
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Get this sorted Nigel/ AVZ/ DRC, today was just total bullshit.
well we need the CATH $240m, BFS, and FID first, in the mean time early works continue and "AVZI is in advanced discussions with the DRC Government regarding the purchase of Cominiere’s remaining 15% interest in Dathcom exercising AVZI’s rights under terms of the existing Dathcom Shareholder Agreement", so one would assume by the time we have $240m, BFS and FID we will also have a deal done on the extra 15%, and that'll be the last time we hear of anyone else claiming 15% of anything.
I'm not sure if we are going to hold back "major works", lawfully we still have the right to it, and management are refusing to acknowledge that any dodgey attempted 15% transfer to other parties is legal. It'd be like me trying to sell your land title to another party and the said party comes knocking on your door claiming rights to your land, you're not even going to entertain their argument.
happy to hear other opinions, but basically legally no transfer is valid without AVZ's consent (just as your house can't be sold without your consent), that's all there is to it and we have the DRC gov on our side and they know full well the dodgeyness that went on pre-Felix and Im sure will want any uncertainty going forward out of the way asap
Nope. Not selling anything until this bitch Is at least 8 times it’s current price.Or sold out and smiling![]()
I agree with all of this.well we need the CATH $240m, BFS, and FID first, in the mean time early works continue and "AVZI is in advanced discussions with the DRC Government regarding the purchase of Cominiere’s remaining 15% interest in Dathcom exercising AVZI’s rights under terms of the existing Dathcom Shareholder Agreement", so one would assume by the time we have $240m, BFS and FID we will also have a deal done on the extra 15%, and that'll be the last time we hear of it.
I'm not sure if we are going to hold back "major works", lawfully we still have the right to it, and management are refusing to acknowledge that any dodgey attempted 15% transfer to other parties is legal. It'd be like me trying to sell your land title to another party and the said party comes knocking on your door claiming rights to your land, you're not even going to entertain their argument.
happy to hear other opinions, but basically legally no transfer is valid without AVZ's consent (just as your house can't be sold without your consent), that's all there is to it and we have the DRC gov on our side