AVZ Discussion 2022
- Thread starter GazDix
- Start date
Permanently suspended from Crapper.
AVZ threads are a waste of time.
100%
Any decent posts are copied here.
Can still read threads worth reading.
Couldn't be happier
cruiser51
Top 20
Anyhow the DRC Prime Minister is one of the speakers on 121, the Minister of Mines will be there as well.Hotcrapper at its best
I thought talking about AVZ issues on the AVZ thread is where you do that.
It looks like stiffshit has different ideas.
What a wanker, so are the moderators!
Posted 09:38
- This message has been removed from public view. on 10/05/22 09:59 because of (Off-topic)
I wouldn't be surprised Nigel might have un petit tête à tête with them.
DiscoDanNZ
Regular
Couldn't agree more but it literally just gave me something to do to waste time and I haven't managed to get my hands on a new xbox yet
Ground Breakers: Chinese gold giant Zijin makes shock claim to 15pc of market darling AVZ's Manono Lithium project - Stockhead
Chinese gold giant Zijin claims share in a massive lithium deposit in the DRC, spooking investors of its ASX-listed majority owner.
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Remark
Top 20
Ground Breakers: Chinese gold giant Zijin makes shock claim to 15pc of market darling AVZ's Manono Lithium project - Stockhead
Chinese gold giant Zijin claims share in a massive lithium deposit in the DRC, spooking investors of its ASX-listed majority owner.
Freehold
Regular
Reckon we have been through major troll attack 3 times on AVZ since Ive been a holder by my count and this one is a bit weaker than the 1st two.
Best way to deal with this inundation of uninformed and agenderised and clearly bias posts is simply skip over them. Its white noise from bunch of blow hards. If you reply to them you give O2 them and a soap box platform and load speaker to continue dodgy dialogue IMO. They say opinions are like bums every ones got one. Personally I have no desire to closely examine/see everyones...
For me the facts are clear ... AVZ holds 75% and has stated as much... that it is legally sound (according to AVZ ASX Anns). This is beyond doubt IMHO. So Dathomir claim is sketchy at best and they are pushing s--t uphill here IMO. So for AVZ 51% (with CATH @ 24%) the deal looks to be done /complete. Why? Apart from ASX Anns stating so both CATH and DRC Mining Dept would have done Due Dil on Legal ownership before penning a deal or a ML signoff.
The Cominiere 15% is the main game in this dispute IMO and appears to still be in conjecture. This involves several parties including some parts of DRC Govt Orgs . There have been many allegations in the media on both sides of wrong doings. So until either mediation internally within the umbrella of Dathcom or alternatively a full blown DRC high court case (or presidential decree) we may not know the result. AVZ has been subject to litigation 3 times before (4 if incl appeals) this in the DRC high court, in Supreme court in OZ and the internationally. AVZ have been winner in all 3 so far to my knowledge. Thats a 100% track record.! So legally AVZ seem to know what they are doing you could say ....in all relevant legal arenas.
One thing that I did notice is that the Zijin purchase price (approx $33m payment amount) is not fully paid... They have paid a deposit only looking at their stock exchange reports (Pls correct me if I am wrong here). Why have they not paid it completely... Perhaps they were worried they might lose there $$ if under arbitration ie, the decision is reversed. So are they not sure enough to complete the Tx ? Curious?
Finally if AVZ were to lose the 15% Cominiere was offering then AVZ will have simply lost the "Option" to purchase it but would still control 51%. We have not paid a cent so far for it so far. That 15% would cost AVZ $100's of mills to buy outright but the "option to buy" would be worth a tiny amount in comparison. So what is the $ value that the market attaches to that option in terms of existing valuation/MCap of AVZ. It is that amount that the AVZ Mcap should decline if the option is ultimately lost.
Anyways lets see what tomorrows Ann brings shall we... Given AVZ and Zijin commentary lately I would not be surprised to see litigation/ legal dispute announced. If so will probably take 12--18 months to resolve I'm thinking due to scheduling wait time for court access.
Will there be more court cases into the future ... No doubt. That's par for the course when a resource is as massively valuable as this one is.
All is in my opinion only.
Cheers FH.
Best way to deal with this inundation of uninformed and agenderised and clearly bias posts is simply skip over them. Its white noise from bunch of blow hards. If you reply to them you give O2 them and a soap box platform and load speaker to continue dodgy dialogue IMO. They say opinions are like bums every ones got one. Personally I have no desire to closely examine/see everyones...
For me the facts are clear ... AVZ holds 75% and has stated as much... that it is legally sound (according to AVZ ASX Anns). This is beyond doubt IMHO. So Dathomir claim is sketchy at best and they are pushing s--t uphill here IMO. So for AVZ 51% (with CATH @ 24%) the deal looks to be done /complete. Why? Apart from ASX Anns stating so both CATH and DRC Mining Dept would have done Due Dil on Legal ownership before penning a deal or a ML signoff.
The Cominiere 15% is the main game in this dispute IMO and appears to still be in conjecture. This involves several parties including some parts of DRC Govt Orgs . There have been many allegations in the media on both sides of wrong doings. So until either mediation internally within the umbrella of Dathcom or alternatively a full blown DRC high court case (or presidential decree) we may not know the result. AVZ has been subject to litigation 3 times before (4 if incl appeals) this in the DRC high court, in Supreme court in OZ and the internationally. AVZ have been winner in all 3 so far to my knowledge. Thats a 100% track record.! So legally AVZ seem to know what they are doing you could say ....in all relevant legal arenas.
One thing that I did notice is that the Zijin purchase price (approx $33m payment amount) is not fully paid... They have paid a deposit only looking at their stock exchange reports (Pls correct me if I am wrong here). Why have they not paid it completely... Perhaps they were worried they might lose there $$ if under arbitration ie, the decision is reversed. So are they not sure enough to complete the Tx ? Curious?
Finally if AVZ were to lose the 15% Cominiere was offering then AVZ will have simply lost the "Option" to purchase it but would still control 51%. We have not paid a cent so far for it so far. That 15% would cost AVZ $100's of mills to buy outright but the "option to buy" would be worth a tiny amount in comparison. So what is the $ value that the market attaches to that option in terms of existing valuation/MCap of AVZ. It is that amount that the AVZ Mcap should decline if the option is ultimately lost.
Anyways lets see what tomorrows Ann brings shall we... Given AVZ and Zijin commentary lately I would not be surprised to see litigation/ legal dispute announced. If so will probably take 12--18 months to resolve I'm thinking due to scheduling wait time for court access.
Will there be more court cases into the future ... No doubt. That's par for the course when a resource is as massively valuable as this one is.
All is in my opinion only.
Cheers FH.
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Oui Oui, tres bien
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Well if your timeframe guesstimate for any legal resolution is close to the money then that's an 18 month haemorrhoid right there....Reckon we have been through major troll attack 3 times on AVZ since Ive been a holder by my count and this one is a bit weaker than the 1st two.
Best way to deal with this inundation of uninformed and agenderised and clearly bias posts is simply skip over them. Its white noise from bunch of blow hards. If you reply to them you give O2 them and a soap box platform and load speaker to continue dodgy dialogue IMO. They say opinions are like bums every ones got one. Personally I have no desire to closely examine/see everyones...
For me the facts are clear ... AVZ holds 75% and has stated as much... that it is legally sound (according to AVZ ASX Anns). This is beyond doubt IMHO. So Dathomir claim is sketchy at best and they are pushing s--t uphill here IMO. So for AVZ 51% (with CATH @ 24%) the deal looks to be done /complete. Why? Apart from ASX Anns stating so both CATH and DRC Mining Dept would have done Due Dil on Legal ownership before penning a deal or a ML signoff.
The Cominiere 15% is the main game in this dispute IMO and appears to still be in conjecture. This involves several parties including some parts of DRC Govt Orgs . There have been many allegations in the media on both sides of wrong doings. So until either mediation internally within the umbrella of Dathcom or alternatively a full blown DRC high court case (or presidential decree) we may not know the result. AVZ has been subject to litigation 3 times before (4 if incl appeals) this in the DRC high court, in Supreme court in OZ and the internationally. AVZ have been winner in all 3 so far to my knowledge. Thats a 100% track record.! So legally AVZ seem to know what they are doing you could say ....in all relevant legal arenas.
One thing that I did notice is that the Zijin purchase price (approx $33m payment amount) is not fully paid... They have paid a deposit only looking at their stock exchange reports (Pls correct me if I am wrong here). Why have they not paid it completely... Perhaps they were worried they might lose there $$ if under arbitration ie, the decision is reversed. So are they not sure enough to complete the Tx ? Curious?
Finally if AVZ were to lose the 15% Cominiere was offering then AVZ will have simply lost the "Option" to purchase it but would still control 51%. We have not paid a cent so far for it so far. That 15% would cost AVZ $100's of mills to buy outright but the "option to buy" would be worth a tiny amount in comparison. So what is the $ value that the market attaches to that option in terms of existing valuation/MCap of AVZ. It is that amount that the AVZ Mcap should decline if the option is ultimately lost.
Anyways lets see what tomorrows Ann brings shall we... Given AVZ and Zijin commentary lately I would not be surprised to see litigation/ legal dispute announced. If so will probably take 12--18 months to resolve I'm thinking due to scheduling wait time for court access.
Will there be more court cases into the future ... No doubt. That's par for the course when a resource is as massively valuable as this one is.
All is in my opinion only.
Cheers FH.
Xerof
Is There Anybody Out There 1979
Is that the goss? still showing Nigel at 10.40 at this stage on the site at least.I see J-M is speaking separately tomorrow, with the lady with the pen
DiscoDanNZ
Regular
Dijon101
Regular
Freehold
Regular
Well all comes down to how busy the courts are I guess. Maybe not busy and can be done in 6mth I don't know ...Well if your timeframe guesstimate for any legal resolution is close to the money then that's an 18 month haemorrhoid right there....
Given the Mining License is in the bag we can still go ahead and build a mine (and if needs be retrospectively charge costs to new additional JV owners if it comes to that). I don't think the project build will be delayed. AVZ want it built, CATH want it built the DRC Govt want it built and we appear to have almost all finance to do it. Doubt they will wait till a arbitration decision before they start.
However, I might be wrong and it may get resolved amicably within the Dathcom Board room thus avoiding litigation... You never know
Freehold
Regular
Yes thought his grasp of english was "exceptional" ...prob based in Bondi LOL
Dijon101
Regular
This is what I was wondering. If we could still go ahead and build the mine.
Thanks for the clarification
Sammy_da_Smile
Regular
Whilst we wait for news, it is worth re-reading the DFS. Been a few years now since I last went over it in detail. I re-read it on the plane just before and WOW is she a beauty.
avzminerals.com.au
Manono Project Definitive Feasibility Study — AVZ Minerals Limited
Projects Manono Project Technical Review
avzminerals.com.au
cruiser51
Top 20
Don't forget AVZ first paid a first minor downpayment and the final payment was substantially later and also CATH has not paid as yet.Reckon we have been through major troll attack 3 times on AVZ since Ive been a holder by my count and this one is a bit weaker than the 1st two.
Best way to deal with this inundation of uninformed and agenderised and clearly bias posts is simply skip over them. Its white noise from bunch of blow hards. If you reply to them you give O2 them and a soap box platform and load speaker to continue dodgy dialogue IMO. They say opinions are like bums every ones got one. Personally I have no desire to closely examine/see everyones...
For me the facts are clear ... AVZ holds 75% and has stated as much... that it is legally sound (according to AVZ ASX Anns). This is beyond doubt IMHO. So Dathomir claim is sketchy at best and they are pushing s--t uphill here IMO. So for AVZ 51% (with CATH @ 24%) the deal looks to be done /complete. Why? Apart from ASX Anns stating so both CATH and DRC Mining Dept would have done Due Dil on Legal ownership before penning a deal or a ML signoff.
The Cominiere 15% is the main game in this dispute IMO and appears to still be in conjecture. This involves several parties including some parts of DRC Govt Orgs . There have been many allegations in the media on both sides of wrong doings. So until either mediation internally within the umbrella of Dathcom or alternatively a full blown DRC high court case (or presidential decree) we may not know the result. AVZ has been subject to litigation 3 times before (4 if incl appeals) this in the DRC high court, in Supreme court in OZ and the internationally. AVZ have been winner in all 3 so far to my knowledge. Thats a 100% track record.! So legally AVZ seem to know what they are doing you could say ....in all relevant legal arenas.
One thing that I did notice is that the Zijin purchase price (approx $33m payment amount) is not fully paid... They have paid a deposit only looking at their stock exchange reports (Pls correct me if I am wrong here). Why have they not paid it completely... Perhaps they were worried they might lose there $$ if under arbitration ie, the decision is reversed. So are they not sure enough to complete the Tx ? Curious?
Finally if AVZ were to lose the 15% Cominiere was offering then AVZ will have simply lost the "Option" to purchase it but would still control 51%. We have not paid a cent so far for it so far. That 15% would cost AVZ $100's of mills to buy outright but the "option to buy" would be worth a tiny amount in comparison. So what is the $ value that the market attaches to that option in terms of existing valuation/MCap of AVZ. It is that amount that the AVZ Mcap should decline if the option is ultimately lost.
Anyways lets see what tomorrows Ann brings shall we... Given AVZ and Zijin commentary lately I would not be surprised to see litigation/ legal dispute announced. If so will probably take 12--18 months to resolve I'm thinking due to scheduling wait time for court access.
Will there be more court cases into the future ... No doubt. That's par for the course when a resource is as massively valuable as this one is.
All is in my opinion only.
Cheers FH.
I don't know what the process is in the DRC, especially taken into account that they are trying to stamp out corruption, one would expect that the President has some say in this, as it has to align with his general policy how the grant mining leases.
The only statement we have seen so far is a Statement from Zijin, which now states they own 15% of Dathcom.
I thought their news original was that 15% of Dathcom had gone to their subsidiary Jin Cheng Mining.
DiscoDanNZ
Regular
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