AVZ Discussion 2022

[BEISHA]

Shifty af! This zijin mob it seems
Whoever is trying to stir up trouble, got to wonder what their end game is.

I wonder if they have a direct line with President XI.....

 

[TDITD]

Having a read through catching up on the days talk, agree with the general consensus here that Zijin are dodgy as fuck and have some serious brass balls to try pull off something so obviously illegal/corrupt.
Also I picked up on the whole 10-15% ol Nige said in the interview about the DRC govt, I’m thinking this allows us a little discount on the 10% maybe and pleases them to have more % in the biggest money spinning mine in DRC, probably Africa after an expansion.

On another note, @JAG maybe once this gets sorted, you could treat us to a limited edition run of shirts along the lines of “Zijin get in the bin”
Possibly with the monster of Manono throwing some Zijin styled trash in a bin, of course AVZ brand on the shirts too.

 

[TDITD]

you don't think that there's a tiny minute chance Nige is saying that 10% ends up with us 10% with gov and considering the amount is about 1/3 of true value that Zijin paid for supposed 15% then they end up with 5%...idk as soon as I heard Nige put it that way, it came to mind that maybe this is a talking point behind closed doors and a way to shut everyone involved up and move on with the show..could also be way off the mark lol

Mate the world we live in today anything could happen. Yes I could see 5%, but wouldn’t be impressed as Felix needs to come down on corruption not reward it. But hey that’s still better than having the 15% virtually stolen from us (with the first refusal agreement).

 

[DiscoDanNZ]

Basically what I posted on the crapper but its all I could find on google providing any kind of link between AVZ, Manono and Zijin.

Just found this...

https://www.zijinmining.com/news/118807.htm

Both articles mention AVZ but only in the capacity that "Zijin holds a 70% stake in Katamba Mining, and has secured rights to explore and develop two greenfield projects at the periphery of the Manono project." A completely seperate project - all be it on the periphery on the AVZ tenements.

And here's a Reuters article:

https://www.reuters.com/business/en...t-lithium-exploration-project-drc-2022-01-24/ - Stating

"The joint venture, called Katamba Mining, has secured mining rights to two greenfield exploration and mining projects at the periphery of the Manono lithium mine in the DRC, "in order to enhance Zijin's competitiveness in new energy minerals," the miner said in a statement....

Manono lithium mine is controlled by Australia's AVZ Minerals (AVZ.AX), and the mine's reserves of lithium oxide reach 8.78 million tonnes, the statement said."

So that's a Reuters article quoting a Zijin statement saying that AVZ controls the Manono mine...

 

[Samus]

you don't think that there's a tiny minute chance Nige is saying that 10% ends up with us 10% with gov and considering the amount is about 1/3 of true value that Zijin paid for supposed 15% then they end up with 5%...idk as soon as I heard Nige put it that way, it came to mind that maybe this is a talking point behind closed doors and a way to shut everyone involved up and move on with the show..could also be way off the mark lol

Crossed my mind earlier too mate...

The gatecrasher at the party that nobody likes.

 

[TDITD]

End of the day giving Zijin 5% would likely ensure their (Zijin) assistance, or at least them not obstructing us from behind the scenes. Also would allow us 10% more, DRC likely happier with an Australian company holding the majority than a Chinese, well a changed/changing DRC anyhow.
But then on the other hand I’d like a Zijin in the bin shirt

 

[TheCount]

Yeah I'm good TC! Just been watching the minstrel show I guess it won't stop until the shorts close their positions. crazy couple of days.
I don't have two commas anymore but we'll be back up soon.

View attachment 5746

Great to hear you’re good T.

Please email me at hotcrapperthecount@outlook.com ANY time.

But then again - I’ll have to change that email soon eh!!

thecountnolongeronhotcrapper@outlook.com might have to

 

[Winenut]

This is Ruben

View attachment 5825

Not sure if anyone posted before but for the record it's a Reuben.......and yes..... they're delicious

RIP Anthony Bourdain

 

[Sammy_da_Smile]

Not sure if anyone posted before but for the record it's a Reuben.......and yes..... they're delicious

RIP Anthony Bourdain

Yeh I know the spelling is different, but come-on, who didn't picture a nice tasty sandwich when they read Commercial Court of Ruben and Brazil haha

 

[Winenut]

Yeh I know the spelling is different, but come-on, who didn't picture a nice tasty sandwich when they read Commercial Court of Ruben and Brazil haha

Bahaha!

Sorry I'm just a bit of a food and wine......nut

 

[Sammy_da_Smile]

OK ok so, I'm going to post something that I found earlier that I was umming and arrring about. Take it on the context of my research and opinion.

The 15% extra to acquire from dathcom might actually be out of our hands or we may be fighting for it right now.

I did some follow up from crazy guys tweets. When someone starts slapping your company around you wanna know why. I have a fair chunk invested, so if someone is talking smack about my company, I'm gunna check it out.

Firstly, I found this article that you will have to translate. Use Chrome. (https://ouragan.cd/2022/01/les-raisons-de-la-cession-des-actions-de-la-cominiere/) which had in some way been circulated around the forums and dismissed. Now I had a light bulb moment today and thought, hang on, if Zijin had in fact managed to get the 15% we were seeking to acquire, and they are a listed company, then they would have to disclose that right?

So I went digging, and I found the below from their recent 2021 annual report. You can also view it here: https://www.zijinmining.com/upload/...22/04/25/8eda0b5f2124484699978a80557afce4.pdf

View attachment 5455
If I am reading this correctly, also as the news article and crazy mans findings of zijin on rccm, zijin made an offer on the 15% which was accepted though not yet finalised. AVZ had been announcing (what I was asking about before) they were trying to acquire it as they have first dibs? Is this the same 15%? I feel like this isn't old news to do with the 15% we acquired to go to 75%, but the extra chunk we were looking to grab to go to 66% post CATH deal.

I just can't add this up. The zijin dates stated mid last year, how can that be? The below taken from latest report from dec 2021 stating that it has been awarded and registered to us? The above zijin must be something else?

View attachment 5457

I could be very mistaken in my findings, and maybe they acquired 15% in another dathcom arm to do with their recent permits near our area? Hence the spin old mate is using to make it look like we are in trouble and the article spin. Like the article mentions the above 33 million amount, and also avz's amount, so might be some truth to it?

All the recent tweets just got me thinking whether there is something else happening. I know I'm adding to the classic TH conspiracies, so blast me if you like. I just think the above could somewhat be relevant.

Happy to discuss?

To remind new folks that may not have seen this posted last week relating to Zijin reporting such 15% as theirs in their 2021 annual report

 

[Sammy_da_Smile]

I have a feeling we'll never get to the bottom of this and I know we are in great hands. Just heartbreaking that there is this dark cloud over all the hard work the company has done to date.

 

[Sammy_da_Smile]

Anyone got a recent T20 list? Is Zijin also in our T20?

 

[Sammy_da_Smile]

Shifty af! This zijin mob it seems
Whoever is trying to stir up trouble, got to wonder what their end game is.

Apparently according to Twitter it was released on Zijins social media platform??

 

[TDITD]

More naughty boys, sure enough the Eckhof name comes up…..his rep must stink over there.
‘The lithium mining site of manono which must belong the the Australian Avz’ - agreed!
Nice to have some allies.
Didn’t Nigel leave AJN a while ago, bloody dodged a bullet there if so (or am I just talking out of my posterior).

 

[Tunedin]

Putting out alternative facts does not mean it is true, they are however effectively swaying the court of public opinion whilst making a killing on shorting of the stock. Nigel’s move to counter was getting Cantor to release their updated report. It’s a game of chess being played out in public view. Nigel is playing it smart, the other side is playing it dirty. Both sides have strong allys in the Government. The world is watching.

 

[cruiser51]

Apologies if already posted, as i haven't had time to read all the recent posts in detail yet, but i just came across this Tasty Morsel, where

Mines recovered from Gertler attributed to unknown by authorities?

The organizations and platforms of the Congolese Civil Society, having participated in the Round Table with the Presidency of the Republic on the Agreement with the Ventora group, say they are dismayed.

They denounce the awarding of a contract recovered from Gertler to unknown persons by the authorities of the DRC.

It was in a press release published on Friday, May 06 that these civil society organizations made this known.

In addition, they reveal that the contract signed on May 5 is "leonine".

Because, it is signed in haste and moreover, he violates the laws of the republic and the mining code.

Without forgetting the fact that it was awarded without a call for tenders.

"We learned with dismay and annoyance of the signing of a one-sided contract."

We read in the press release.

It also indicates that two ministers have assigned this contract.

“The Ministers of Mines and Portfolio selling by mutual agreement to an unknown in the mining sector, the Canadian company AJN Resources belonging to the European citizen Klaus ECKHOF”.

Explain the release.

These are the mining assets recently recovered from the Israeli businessman, Dan Gertler.

Certain mining assets that the Presidency of the Republic has recovered from Dan Gertler's Ventora (the Moku gold mining site in the Haut-Uélé Province), the gold deposits of Sokimo and Ituri and Bas-Uélé including those of Zani and Gada as well as the lithium mining site of Manono which must belong to the Australian AVZ”.

Regret civil society.

Sabotage of the policy of the head of state?

The signatories of this press release believe that the awarding of this contract is a sabotage of the policy of the Head of State and, they accuse some members of the government of doing it.

Thus, they appeal to their patriotic sense.

“Let us patriotically ask the President of the Republic and Head of State, sole guarantor of the interests of the Congolese people, to block the implementation of this contract concluded with the unknown Canadian AJN Resources. Because it contradicts all of its good governance efforts in the mining sector.”

Added the statement.

It should be noted that eleven Congolese civil society organizations and platforms signed the statement. Among them, we find, for example, CASMIA, CONSULTATION FRAMEWORK OF THE LUALABA SOCIETY and Espoir ONG.

There is also the League Against Corruption and the Public Expenditure Observatory.

View attachment 5837

View attachment 5838

More Food for thought, much more

Frank

Why am I not surprised.

 

[Fletch77]

I have a feeling we'll never get to the bottom of this and I know we are in great hands. Just heartbreaking that there is this dark cloud over all the hard work the company has done to date.

Agree 100 % with your later statement, not the 1st part. After the hard yards long term holders have endured, and the amount of work the company has done, we deserved to see the re-rate in the next weeks with the announcements that are due shortly after ML.

We knew the risks getting into this and took them on for the potential high rewards.

It is a downer, but there was always the risk of dirty tactics, and it might just work out well for us that it’s come to a head at this stage.

I’m sure we are all wondering if Nigel was partly responsible for the CATH deal extensions.of late.. or have we been just incredibly lucky that wasn’t finalised and the Cash and shares transfer didn’t take place already.


If Felix and Co. can act swiftly with a heavy hand, just maybe we could come out of this with an even stronger position, and like some have suggested cut back CATH’ s 24% as a bit of a fuck you to the Chinese for trying a dodgy and keep them at a longer arms length. Maybe give Bosch and LG 5% each at todays rates and if they want the offtake they build batteries local, and make CATH pay the same current rate assuming we get the extra 15%.

After some average CR’s, it would be good to come out of a deal feeling like winners for a change.

Saturday night beers wishful ramblings…

Also nice find Frank

 

[njoy84]

Seems like the DRC is already aware of this and about to investigate
https://www.lesoftonline.net/articl...ir-au-chinois-zijin-dans-le-projet-de-lithium

 

[Dom1974]

Hi All, newly registered and fed up with HC. Why am I not surprised with the attached…