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Another thing I noticed ( I hadn't looked to deeply at AVZ before} is this company - Medidoc FZE. It's a Dubai based private company - they are mentioned as the vendors of the Manono Extension Project acquired by AVZ

 

Original agreement

Acquisition Agreement The principal terms of the agreement for AVZ to acquire 100% of the Project from the current licence holder Medidoc FZE (Medidoc) are: 1. AVZ to the issue to Medidoc 50,000,000 fully paid ordinary shares in the Company and pay Medidoc US$200,000 in cash.

 

Revised Agreement

AVZ entered into the agreement to acquire 100% of the Project from Medidoc FZE (Medidoc) on 19 September 2016, and has now completed its technical and legal due diligence. AVZ and Medidoc have agreed to revise the acquisition terms and AVZ will now proceed to complete the acquisition and issue Medidoc 30,000,000 fully paid ordinary shares in the Company and pay Medidoc US$200,000 in cash. AVZ will issue Medidoc a further 20,000,000 fully paid ordinary shares in the Company if AVZ continues to hold the Project after 30 April 2017

 

The 30 m were issued = Date: 09/11/16 - Appendix 3B - Acquisition of Manono Extension Project = yet Medidoc FZE don't appear on the Top 20 posted below - maybe they sold into the SP rise?

post-330173-1522667285_thumb.png

The principal of Medidoc FZE, Andreas Reitmeier, was issued 40 mil shares in AVZ in the Manono Lithium Project deal - he was identified as being part of "other parties (not related parties of AVZ) associated with facilitating the transaction." The other "party" was Mark Glasson - 20 mil shares.

 

According to the website - Medidoc FZE provides medical products and serves customers in the UAE.

Dr.med, Dr.oec. Andy Reitmeier

Executive Officer bei Medidoc, Dubai

الإمارات العربية المتحدة

الممارسة الطبية

الحالي 1. MEDIDOC Dubai,

2. Medidoc FZE Dubai

التعليم 1. Ruprecht-Karls-UniversitÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¤t Heidelberg

 

https://ae.linkedin.com/in/dr-med-dr-oec-an...meier-5a439613a

 

Medidoc FZE has not only been the vendor of projects to AVZ receiving shares/cash,, but also to BYR/now ANL for the Tendao project , HRE/now OKP Mambasa project and more recently TAR - all the projects are located in DRC, and and Klaus Eckhof is connected to each of these companies.

 

Going back further, Andreas Reitmeier and Klaus Eckhof appear to be connected to a number of other listed companies in Australia, Germany and Canada - some during the dot.com era that did not do so well .

https://books.google.de/books?id=pOdvLS954q...com&f=false

 

One gold company - DeBeira - did very well - initially at least.

Eckhof has since agreed to become De Beira's chairman, which is supposed to lend credibility to the promotion. It doesn't give me a warm feeling, though. The introduction to the Australians was made by Aly Mawji, a long-time Howe Street player, and Ralph Biggar, a broker who previously worked with bottom-rung securities dealer Georgia Pacific Securities. On Wednesday, De Beira's share price peaked at just over $22 US, giving the company a total stock market value of more than $600 million US, a ridiculous amount for a company whose only substantive asset is an option to acquire 65 per cent of a property for the relatively cheap price of $8 million US. To put this absurdity in perspective, the option would have to provide a 7,400-per-cent return to justify a market capitalization of this magnitude.

 

Panex Resources Inc -- ehem. De Beira Goldfields | wallstreet-online.de - VollstÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¤ndige Diskussion unter:

https://www.wallstreet-online.de/diskussion...eira-goldfields

 

Then Swift cease-trade order against De Beira worth some skepticism - The Vancouver Sun June 28, 2006

 

And eventually - https://www.bafin.de/SharedDocs/Veroeffentl...e_beira_en.html

 

Hopefully for shareholders, AVZ does prove to be a success story.

 

 

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The 30 m were issued = Date: 09/11/16 - Appendix 3B - Acquisition of Manono Extension Project = yet Medidoc FZE don't appear on the Top 20 posted below - maybe they sold into the SP rise?

 

Eckhof sold around 25 million AVZ shares at 15.5c each when the company released it's results for the 1st hole for the Manono Lithium Project late last year - the sale.represented approx a quarter of his shareholding at the time

.post-330173-1522673143_thumb.png

 

In Australia, Eckhoff is viewed as having the "golden touch" on sites such as Stockhead, but then anyone who mentions they have acquired lithium or cobalt projects is seeing their SP fly. No doubt that's why all these projects are being churned out like sausages so as to make hay while the sun shines. The cobalt and lithium "music" will stop eventually, many of the recent entrants won't go the distance and we'll find them once again turned into a shell in which to vend the next "unobtainarium" - rinse and repeat

Golden touch

 

Mr Eckhof has become something of a talisman for ASX-listed companies.

 

AVZÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s share price has risen spectacularly this year. After spending five years in the doldrums around 1c, AVZ shares have traded as high as 17.5c this year. It sat at 13.8c yesterday.

 

Last year Burey Gold, which changed its name to Amani Gold (ASX:ANL) in December, announced ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“exceptional gold resultsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ at a Congo tenement. Mr Eckhof is a non-executive director.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“These are exceptional results from this initial shallow drilling program at our newest target at Douze Match,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Mr Eckhof said at the time. ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The results from hole DM-RC003 are better than anything I have seen in my Moto-Kibali experience.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

Amani shares surged 220 per cent from 2.4c to an all time high of 7.7c in early July, before falling back below 4c this year when it began dialling back its resource estimates. The shares closed Wednesday at 2.7c.

 

Mr EckhoffÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s latest venture Okapi Resources last week finished its first trading day at a 68 per cent premium to its 20c listing price.

 

Mr Eckhof also has an association with Tawana Resources (ASX:TAW), which has surged from 0.3c in April 2016 to 30c yesterday, after positive results from its Bald Hill lithium mine in Western Australia.

 

Mr Eckhof is an executive of corporate and financial services firm Corporate & Resource Consultants, which owns 11.59 per cent of Tawana.

 

Two other companies 4CE and WFE have/are acquiring projects there as well. Airguide/SuperNinja = AVZ's "advisor"= was recently appointed to WFE also

 

There must be some people in the DRC making a fortune on these deals being done everywhere. Unfortunately DRC is also known for its corrupt officials - not the best place in which to invest . A good read. https://www.cartercenter.org/resources/pdfs...er-nov-2017.pdf

 

 

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REQUEST FOR VOLUNTARY SUSPENSION

The Directors of AVZ Minerals Ltd (ASX: AVZ) (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) hereby request a voluntary

suspension of the Company's securities.

 

The voluntary suspension is requested until an announcement is made to the market

regarding a response to ASX queries and is expected to be made before the opening of

trading on Thursday, 5 April 2018.

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Have been away - just caught up with their "response" :thumbdown: Blind Freddy it appears was able to see what the company, and some die hard cheerleaders, couldn't

 

The Company reviewed the screenshot of the Twitter Posts and believed the pictures

of the core were from drill holes MO17DD001, MO17DD002 and MO17DD003 which

had been specifically set out for review by BNB as part of their visit to the Manono

Lithium Project (as complete drill logs and assay results were available for these drill

holes). The Company had released the results to the market for these drill holes on 12

September 2017, 28 July 2017 and 22 August 2017 respectively. Following further

review of the actual pictures of the core shown in the Twitter Posts (as opposed to the

screen shot of the Twitter Posts on which the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s previous response to the

Price Query Letter were based) the Company has now become aware that some core

shown in the Twitter Posts also relates to drill holes MO18DD003, MO18DD006 and

MO18DD007 in respect of which geological results had not been released to the

market at the time of the Twitter Posts.

 

Based on a review of a screenshot of the twitter posts provided to the Company and

the fact that core from drill holes MO17DD001, MO17DD002 and MO17DD003 had

been specifically set out for review by BNB as part of their visit to the Manono Lithium

Project, the Company was under a mistaken belief at the time of its initial response to

ASXÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Price Query Letter that the photos were of core from these drill holes only.

 

The Company is aware of its reporting obligations under the ASX Listing Rules and had

no intention of unreported information being released by way of the Twitter Posts.

 

Although the Company does not consider that the photos from the Twitter Posts

contain material information, the Company has since released an announcement,

dated 6 April 2018, which reports the geological results from these drill holes with

additional ASX and JORC disclosures. We encourage shareholders to review this

announcement.

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I'm astounded he's not being come down hard on, given his clear influence on retail investors. Examples include:

 

- MIN issues an ASX announcement to clarify ML's twitter posts:

 

https://www.asx.com.au/asxpdf/20171208/pdf/...0jj7l16rygn.pdf

 

- The recent AVZ drill core scandal

 

https://www.asx.com.au/asxpdf/20180406/pdf/...08ttnrbzp0h.pdf

 

Also, some of his "analysis" just contains basic misinformation; his drill hole peer comparison relies on median and average calculations, which any year 11 maths student will understand requires a sample size of 30 or more to be considered a representative sample of the broader data set. That's why the ASX is strenuous on JORC compliant resources/declared reserves. AVZ have reported approximately 10 holes across 13km strike, compared to the well defined resources he's comparing Manono to.

 

https://twitter.com/ML_SuperNinja/status/983922590103121920

 

Where is the incentive to provide honest, rigorous research/evidence backed opinions?

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I expected ASIC to slap him down after the drill core saga - particularly in view of the previous tweets about competitors in lithium space. Not sure if MIN is still taking legal action against him. ASIC has been made aware of those tweets also - surely?

 

You saw that "bubble" chart prepared by Airguide doing the rounds?

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