AVZ Discussion 2022

[Lichione]

So Zijin haven't gone anywhere and in fact they had a win with the ICC. AVZ wanted 3 arbitrators and Zijin wanted 1. This could drag on for ever.

Though zijin might still be dragging, it is the least concern in current circumstances. ML including the separation of North and south is number one to dathcom. And Dathomir shitshow is super important to AVZ (however might not be the main reason holding bk the ML)

Now re Zijin, provided the video on the bird that they will give back the 15%, they need to find a way out to save the face. In my view, better tell that they can not get it because of ICCC decision instead of telling they quit because of brown paper bag.

Imo

 

[wombat74]

As a reminder, this has all been a moving target Obviously. Someone posted old Nigel has been ready to attend the big bash formal ML party twice already in the last 3 weeks. Only to be told, ah sorry slight delay.

Anyway, let's debate the AVZ announcement just now, for the next few days

Looks like The Boatman is sinking, hope he drowns.

Ok Foxey , you have your ear to the ground . Would like to know your opinion re this announcement re Arbitration . @Nellie17 your opinion also please . @obe wan if you could also shed some light . Cheers

 

[LimitedEdition63]

Nellie or Foxy might like to comment, but I read the ICC comments as just following a process, and Z will withdraw at the 'conference' Jag, note I'm ever hopeful for your left nut.

The tweet about Z handing 15% back came directly from Momentum didn't it?

and who exactly is appealing the Le Tribunal Grande Instance ruling? It's clearly not AVZ or AVZI Is it DATHCOM?

Allegedly it did yes. If it is just a process why not pull out beforehand. If theres no case theres no need to proceed. It reads as if it a case meeting in order to set a future timetable for litigation. Is this what AVZ meant by not normally responding to social media unless they feel compelled to for a specific reason??

 

[Lichione]

I also feel the announcement is coming soon. That they are not going to add the court cases to the big announcement again like the shxt they have done last time.

Also give some sort of " legal warning" to the shorter, knowing they might still have both court caes/arbitration , in the attempt to save the SP? Not sure on this bit

 

[Rediah]

Ok Foxey , you have your ear to the ground . Would like to know your opinion re this announcement re Arbitration . @Nellie17 your opinion also please . @obe wan if you could also shed some light . Cheers

Thinking the same that we need the experienced bunch to dissect this announcement as I am getting mixed signals

 

[mouseflying]

Refer to the ann:
The ICC has informed the parties that it appointed a sole arbitrator. The Parties will be convened to a case management conference in September 2022 with a view to setting the timetable of the arbitral proceedings and the execution of the terms of reference. The specific timing of this conference is yet to be advised to the Company.

and refer to ICC website:

ICC Digital Library

library.iccwbo.org

• When parties wish to settle the case, for example in order to maintain their relationship or mitigate the risk of loss, they may use the case management conference to seek bifurcation of the proceedings or an early determination of controlling issues, the resolution of which might facilitate settlement. The parties may also agree to undertake settlement procedures either before or during the remaining phases of the arbitration.

They may need to attend the case management meeting to settle the case?AIMO

 

[Xerof]

Allegedly it did yes. If it is just a process why not pull out beforehand. If theres no case theres no need to proceed. It reads as if it a case meeting in order to set a future timetable for litigation. Is this what AVZ meant by not normally responding to social media unless they feel compelled to for a specific reason??

I like Lichione's proposition in reply to this

 

[LimitedEdition63]

I like Lichione's proposition in reply to this

So do I

 

[LX600]

My understanding is Zijin didn't withdraw the ICC request, so AVZ has to follow the process. Why Zijin not withdraw? Well, most likely trying to delay AVZ, depress the share price and negotiate the take over during the arbitration

 

[Bray]

Sounds like they’re going through with it via case management conference to save face and accept defeat

 

[Ozthescot]

Sounds like they’re going through with it via case management conference to save face and accept defeat

I think this is exactly what's on the cards, the corroborating evidence against them is to strong for them even to consider letting the case ride. Saving face strategy it appears to me.

 

[oxxa23]

Was it pasboz on the crapper arguing with Gareth re the arbitration?

 

[TDITD]

Jesus Christ's

Reading that Ann that was exactly what I said…..although I included his middle name

 

[Bray]

What are the aims of case management?​

The key objective of case management is to reduce costs and delay so that there are:

• fewer issues in contest
• in relation to those issues, no greater factual investigation than justice requires
• as few interlocutory applications as necessary for the just and efficient disposition of matters.

- Facts will all be there
- Zinjin to admit defeat
- AVZ to win proceedings, obtain ML and get on with mining

 

[Frederick Will]

I don't have an off road bike.....or a bike generally pretty much

If I go down to Margaret River can I just go to wineries all day?

That's a given

 

[Sammy_da_Smile]

Very confused in this Ann they have chosen to comment on boatman's report from months ago? Why is this? Seems odd to bring it back up after it was all forgotten? What has triggered such a response to this nonsense now?

Edit: takes a few reads for it to sink in, I see they are possibly looking at misconduct and possibly a short selling campaign.

As for arbitration, we are simply carrying on as per the process, so no surprise there.

 

[CeckRaiseFold]

I think this is exactly what's on the cards, the corroborating evidence against them is to strong for them even to consider letting the case ride. Saving face strategy it appears to me.

Agree, DRC still needs Zijin, Zijin needs DRC and AVZ&Zijin do not want to burn their bridges either, this is a nice way to 'settle' dispute through a third party without heavy hand from IGF / DRC courts. Notice how little space this takes on the announcement, just 4 lines before launching into 3 pages on Boatman. That tells me there's nothing to see here.

 

[Xerof]

Very confused in this Ann they have chosen to comment on boatman's report from months ago? Why is this? Seems odd to bring it back up after it was all forgotten? What has triggered such a response to this nonsense now?

As for arbitration, we are simply carrying on as per the process, so no surprise there.

Boatman report was so full of shit, they have decided to respond to falsities on social media - see their statement at the end of the announcement - policy is we don't respond, unless we respond

Agree re ICC

 

[oxxa23]

Very confused in this Ann they have chosen to comment on boatman's report from months ago? Why is this? Seems odd to bring it back up after it was all forgotten? What has triggered such a response to this nonsense now?

Edit: takes a few reads for it to sink in, I see they are possibly looking at misconduct and possibly a short selling campaign.

As for arbitration, we are simply carrying on as per the process, so no surprise there.

Commenting on boatman actually makes me think they are in deed a chance of relisting in the coming week or two... a massive shot across their bow.... don't fark with us when we relist or you'll feel the wrath...

 

[Xerof]

Can anyone get on to the cadastre site? I haven't been able to get any traction via laptop or iPhone for a few days now