AVZ Discussion 2022

[TDITD]

 

[Rambo]

This is getting interesting. I should be making my kids breakfast but they might have to make mine this morning. Hard to put the phone down

 

[TDITD]

This is getting interesting. I should be making my kids breakfast but they might have to make mine this morning. Hard to put the phone down

Your not wrong there Rambo, time to tighten the red bandana mate.
Apparently the IGF report is out and it’s public

 

[GuruDukun]

Not sure of the authenticity, but something to add nonetheless.

 

[TDITD]

Tried to find the report, had to sign up on IGF site, got onto reports and all I get is …

That, a big blank screen (below) Eyes hanging out my head, so that’s a dead end for tonight from me.
Will try later if kids and wife allow me time tomorrow

 

[CHB]

Tried to find the report, had to sign up on IGF site, got onto reports and all I get is …

That, a big blank screen (below) Eyes hanging out my head, so that’s a dead end for tonight from me.
Will try later if kids and wife allow me time tomorrow

Yep same thing for me. Just tried

 

[Frank]

Twitter is drunk.

Twitter is Terrific, Cos that's the place to go to find our Bro / DRC / AVZ Champion Joe

 

[Rambo]

Your not wrong there Rambo, time to tighten the red bandana mate.
Apparently the IGF report is out and it’s public

I’ve been searching but can’t seem to find it.

 

[CHB]

cant find much here either....

heres a translation for those who havent read it from the twitter pic

"
1. The sale of 15% of COMINIERE's shares in DATHCOM Mining å ZIJIN
Mining was carried out in violation of the legal provisions on the withdrawal of the State from
companies in the Portfolio and has caused, in view of the assessments made in the feasibility study,
a significant shortfall for the Public Treasury evaluated at USD 116,560,000.00 (Dollars
one hundred and sixteen million five hundred and sixty thousand). It was a real selling off of the
State mining assets for which you are responsible;
2. On the total amount of proceeds from the sale of 15% of the shares, which amounts to å USD
33,440,000.00 (US Dollars Thirty-three Million Four Hundred Forty Thousand), you
have already used approximately USD 6,800,000.00 (US Dollars Six Million Eight Hundred Thousand)
for operating needs to the detriment of productive investments including USD
5,438,198.00 (United States Dollars five million four hundred thirty-eight thousand one hundred four-
ninety-eight) for commissions, collations, fees, exceptional remuneration of
all those who would have contributed to the operation;
3. The presumed free and provisional transfer of 5% of the shares of COMINIERE in
DATHCOM Mining å DATHOMIR Mining Sarl, but that under the transfer contract, was
final and irrevocable without the income from the sale being traced to COMINIERE."

It reads familiar.

Wasn't this already reported past week?

 

[DoubleA]

Cant find full report here either....

Heres a translation from the twitter pic for those who haven't read it:

View attachment 6530

"
1. The sale of 15% of COMINIERE's shares in DATHCOM Mining å ZIJIN
Mining was carried out in violation of the legal provisions on the withdrawal of the State from
companies in the Portfolio and has caused, in view of the assessments made in the feasibility study,
a significant shortfall for the Public Treasury evaluated at USD 116,560,000.00 (Dollars
one hundred and sixteen million five hundred and sixty thousand). It was a real selling off of the
State mining assets for which you are responsible;
2. On the total amount of proceeds from the sale of 15% of the shares, which amounts to å USD
33,440,000.00 (US Dollars Thirty-three Million Four Hundred Forty Thousand), you
have already used approximately USD 6,800,000.00 (US Dollars Six Million Eight Hundred Thousand)
for operating needs to the detriment of productive investments including USD
5,438,198.00 (United States Dollars five million four hundred thirty-eight thousand one hundred four-
ninety-eight) for commissions, collations, fees, exceptional remuneration of
all those who would have contributed to the operation;
3. The presumed free and provisional transfer of 5% of the shares of COMINIERE in
DATHCOM Mining å DATHOMIR Mining Sarl, but that under the transfer contract, was
final and irrevocable without the income from the sale being traced to COMINIERE."

So it looks like what we do know now is yep they sold it alright, the acting CEO has just caused the government to lose $116m by selling 15% to Zijin in violation of the legal provisions...now what the hell is the government going to do about it...my goodness

and sold 5% "for free" to dathomir (that's not a sale lol)? idk cant work it all out, and to be honest they cant bloody work anything out so how can we, like who's 5% and who's 15%, is the government left with only 5% now or what, have they shafted themselves lol.

let me get this straight, they illegally transferred 15% to Zijin, lost the gov $116m, stole at least $5.5m out of the $33m from Zijin, and also transferred 5% to Dathomir free of charge which obviously means they stole every last cent they got off Dathomir for this 5%, lets say $11m(considering they gave 15% to Zijin for $33m)....So Rogues in Cominiere stole around $16m, did two illegal deals and also ripped off the DRC ppl $116m, aaaaaaaan Felix and Antoinette have not said a bloody word.

also where does the ML sit if now by law we have to have 51% for ML to be awarded then we cant even sell 24% to CATH even if we wanted to

Oh my, what a bloody mess....Felix and Antoinette need to stop doing bloody conferences in houses of excellent fraud and fix their shit

AVZ never owned the 15% which has supposedly been sold to Zijin. It is not part of the 75%.

 

[thorgin]

lol come on guys
do you think the minister has a yahoo email account?

i know we're desperate but come on


Edit: much more authentic if she had a gmail account

right?

^that's the dodgy yahoo account saying that. account created 8 months later.. also it is following thousands of people and only followed by 900, where the older account is only following like 130 and has thousands of followers as you would expect.

 

[DoubleA]

Great info, it's a double whammy:

• the certificate of good life and morals and the extract from the valid criminal record for the partners of the legal person, issued by the competent authorities of the country of origin;

The law fixes the minimum of the share capital of the holder who requests a PE, in that it cannot be less than 40% of the financial resources necessary to carry out his project. It increases to 10% the parts or shares constituting the share capital of the company requesting the EP to be ceded to the State. In addition, the Legislator requires that each transformation within the framework of a separate mine or a separate mining project, the applicant company creates a subsidiary in which it holds at least 51% of the shares.

If you need 51% to obtain a mining licence, then how does Kamoa operate?

The Kamoa-Kakula Copper Project — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).


"the Legislator requires that each transformation within the framework of a separate mine or a separate mining project, the applicant company creates a subsidiary in which it holds at least 51% of the shares.

The decree was issued to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International

Therefore, if AVZ are the applicant company and have created a subsidiary in which it holds 100% of the shares (AVZI wholly owned by AVZ as above) then they have complied with the requirement. It does not say anything about what percentage that subsidiary has to control of the mining project. Just that there has to be a separate subsidiary created (eg AVZI) with 51%+ ownership by the company of the subsidiary for each mine/project.

The key part for me is that it is shares in the subsidiary, not shares of the mining project itself.

 

[Rambo]

I like the sound of this.

 

[Mouthpiecenomnom]

Geist is playin coy,,, he knows, just trying to muddy the waters more

Dang good call. This MF knows.

 

[njoy84]

Anyone speaka de German to give us the gist of what he said?

He basically explains how the shares in Dathcom are distributed and how AVZ is involved. He also talks about the unjustified accusations made by Z, which are also denied by AVZ. Basically no news but well explained for the German shareholders. I have also noticed a lot of uncertainty about ownership in the German forums, although many good posters have explained it, some still don't want to understand it, but often a video is easier to understand for some.


By the way there is also an written Article with essentialy the same context

axinocapital – das Portal für Minenaktien & mehr

axinocapital ist das Gateway zur Bergbauindustrie & Technologieunternehmen. Wir berichten direkt und transparent von australischen und kanadischen Wachstumsunternehmen aus den Bereichen Exploration, Development sowie Produktion.

www.axinocapital.de

 

[cruiser51]

He basically explains how the shares in Dathcom are distributed and how AVZ is involved. He also talks about the unjustified accusations made by Z, which are also denied by AVZ. Basically no news but well explained for the German shareholders. I have also noticed a lot of uncertainty about ownership in the German forums, although many good posters have explained it, some still don't want to understand it, but often a video is easier to understand for some.


By the way there is also an written Article with essentialy the same context

axinocapital – das Portal für Minenaktien & mehr

axinocapital ist das Gateway zur Bergbauindustrie & Technologieunternehmen. Wir berichten direkt und transparent von australischen und kanadischen Wachstumsunternehmen aus den Bereichen Exploration, Development sowie Produktion.

www.axinocapital.de

He basically says that AVZ told Z 'up ur nose with a rubber hose'.
Z will understand that from here they have more to lose than to gain.
Scrambled egg on their face doesn't look good.

 

[CHB]

basically yes, but now we know for sure where that info came from, and it looks like it's definitely been sold and now sits in the hand of Felix, Antoinette, and Co to fix.....disgraceful really....f'n amateur hour, and in the midst of an audit on the mining sector, they've known about it for well over a month(probably longer) and said absolutely nothing and still gave the ML after knowing....WTF are these ppl smoking

I'm now left to assume that in Africa the law means jack shit, they all knew what went down, and have basically just brushed it aside and I'd assume told Nige and Co. (dont worry about, it was dodgey, its nothing, we are the law, and we say you own 75% and we'll sort out the 15% later, and to prove it we'll even approve the ML even if our own court system says Zijin and Dathomir own a %), in the mean time Nige and Co tried to cover their bases and went to court, but lost, why?, because Zijin(and maybe Dathomir) have legit(?) share certificates(for now). The entire time Nige and Co. probably were left thinking wtf else can we do, we've done everything we can, and how the eff can we even word all this in an official announcement to market, because in this country nothing is actually "official". But now everything is out in the open, instead of just brushing it aside African style, the entire thing has to be sorted out legally (which is a good thing when our money is on the line), but maybe it's a matter of the government having to be very careful how they handle this due to just how many powerful and corrupt ppl are in on it, as in we're talking what seems to be a Chinese and African syndicate with huge amounts of money on the line, and I dare say some of these lunatics would kill to protect themselves from justice.

Also someone asked before if we lose in arbitration in Paris is this binding, well no it's not at all, the DRC gov decide the law in their own country, and it looks like not even a loss in court in the DRC is at all officially law unless Felix wants to back it up. We know one thing for sure right now and that is it's a total shambles, and as shareholders we need an official ann from the DRC government in our favour to put the all bs to rest once and for all

all imo and it's making me bonkers

Yep.. so basically ball is in drc gov court.

Urgently need them to do something regarding the ownership so AVZ shouldn't bother with arbitration..

 

[CHB]

Nice bounce in the US markets overnight. A couple more of those please..

 

[Sammy_da_Smile]

Cant find full report here either....

Heres a translation from the twitter pic for those who haven't read it:

View attachment 6530

"
1. The sale of 15% of COMINIERE's shares in DATHCOM Mining å ZIJIN
Mining was carried out in violation of the legal provisions on the withdrawal of the State from
companies in the Portfolio and has caused, in view of the assessments made in the feasibility study,
a significant shortfall for the Public Treasury evaluated at USD 116,560,000.00 (Dollars
one hundred and sixteen million five hundred and sixty thousand). It was a real selling off of the
State mining assets for which you are responsible;
2. On the total amount of proceeds from the sale of 15% of the shares, which amounts to å USD
33,440,000.00 (US Dollars Thirty-three Million Four Hundred Forty Thousand), you
have already used approximately USD 6,800,000.00 (US Dollars Six Million Eight Hundred Thousand)
for operating needs to the detriment of productive investments including USD
5,438,198.00 (United States Dollars five million four hundred thirty-eight thousand one hundred four-
ninety-eight) for commissions, collations, fees, exceptional remuneration of
all those who would have contributed to the operation;
3. The presumed free and provisional transfer of 5% of the shares of COMINIERE in
DATHCOM Mining å DATHOMIR Mining Sarl, but that under the transfer contract, was
final and irrevocable without the income from the sale being traced to COMINIERE."

So it looks like what we do know now is yep they sold it alright, the acting CEO has just caused the government to lose $116m by selling 15% to Zijin in violation of the legal provisions...now what the hell is the government going to do about it...my goodness

and sold 5% "for free" to dathomir (that's not a sale lol)? idk cant work it all out, and to be honest they cant bloody work anything out so how can we, like who's 5% and who's 15%, is the government left with only 5% now or what, have they shafted themselves too lol.

let me get this straight, they illegally transferred 15% to Zijin, lost the gov $116m, stole at least $5.5m out of the $33m from Zijin, and also transferred 5% to Dathomir free of charge which obviously means they stole every last cent they got off Dathomir for this 5%, lets say $11m(considering they gave 15% to Zijin for $33m)....So Rogues in Cominiere stole around $16m, did two illegal deals and also ripped off the DRC ppl $116m, aaaaaaaand Felix and Antoinette have not said a bloody word, but gave the ML and continue to sell the battery hub. Seriously they've all got their heads up their arse.

also if it's not the 15% and 5% that Cominiere hold then where does the ML sit if now, by law we all now assume we have to have 51% for ML to be awarded which would mean we cant even sell 24% to CATH even if we wanted to,

Oh my, what a bloody mess....Felix and Antoinette need to stop doing bloody conferences in houses of excellent fraud and fix their shit

I'm not sure how legit that is mate, no mention of snacks

 

[Sammy_da_Smile]

right?

View attachment 6532

^that's the dodgy yahoo account saying that. account created 8 months later.. also it is following thousands of people and only followed by 900, where the older account is only following like 130 and has thousands of followers as you would expect.

I wonder what Franck Fwamba would say to that?