AVZ Discussion 2022

[Nbaz]

Here I knew something was amiss

Management thinks SHs are naive and giving their own spin on things which we have to defend against boatman and co. and look really stupid doing so.

So the way I read today's announcement was;

DRC courts have said the deal between AVZ and Dothomire has nothing to do with us, we can't reverse it as it's under international rules and needs to be heard by the ICC if you want to fight about it. So unless Dathomire take us to arbitration, we should have 75% stitched up and can move on the ML and the hold ups.

The other battle at arbitration sounds like we won to have first heard the fight of pre-emptive rights and if they were followed correctly, if they were, then a fight for ownership will move forward. If AVZ was back doors, then we can move to purchase the extra 15%

Please tell me if I'm wrong, that just how I read it all. Not bad news, not good news, pretty much what we all knew. The only thing I feel has changed is it's not Zijin that's the hold up, I think it's the DRC case.

 

[Bin59]

During the Question/Answer session at the Chatham house Royal Institute of International Affairs conference, I hope someone asked Felix about the DRC Manono Lithium asset as the world is aware of it.

 

[Rediah]

So the way I read today's announcement was;

DRC courts have said the deal between AVZ and Dothomire has nothing to do with us, we can't reverse it as it's under international rules and needs to be heard by the ICC if you want to fight about it. So unless Dathomire take us to arbitration, we should have 75% stitched up and can move on the ML and the hold ups.

The other battle at arbitration sounds like we won to have first heard the fight of pre-emptive rights and if they were followed correctly, if they were, then a fight for ownership will move forward. If AVZ was back doors, then we can move to purchase the extra 15%

Please tell me if I'm wrong, that just how I read it all. Not bad news, not good news, pretty much what we all knew. The only thing I feel has changed is it's not Zijin that's the hold up, I think it's the DRC case.

Thank you

But in last 6 months we have comforted ourselves with our own interpretations to believe we are in good, which should have been the job of AVZ’s management to prove it to us with solid evidence.

These roadshows are 5 months too late. We still have no idea why we are in suspension and what are we doing and waiting for to get out of it.

With approximately $10k/day combined salary of the AVZ team, it’s not too much to ask to get better clarity from them for our investments when the make these announcements

 

[Nbaz]

Thank you

But in last 6 months we have comforted ourselves with our own interpretations to believe we are in good, which should have been the job of AVZ’s management to prove it to us with solid evidence.

These roadshows are 5 months too late. We still have no idea why we are in suspension and what are we doing and waiting for to get out of it.

With approximately $10k/day combined salary of the AVZ team, it’s not too much to ask to get better clarity from them for our investments when the make these announcements

Completely agree, the company's ability to communicate to shareholders is terrible and always has been, however their in country respect and the way they seem to get things done ought to be commended. A lot of other companies would have sold up and left by now.

 

[Bin59]

 

[Charbella]

The Arbitrator has issued Procedural Order No.1-3 ruling in favour of AVZI

Do we know what procedural order No.1-3 entails? Anyone?

 

[Charbella]

How on earth did you get this

"DRC courts have said the deal between AVZ and Dothomire has nothing to do with us, we can't reverse it as it's under international rules and needs to be heard by the ICC if you want to fight about it."

From the announcement? Did we read the same one?

The DRC courts literally said it did have something to do with them, and literally ruled to reverse it. They also didn't say anything to do with ICC that was just AVZ saying yeah sure they ruled in Dathomirs favour but we won't recognize that, only arbitration.

The Company is aware of a DRC Tribunal decision dated 20 September 2022 granting a request by Dathomir Mining Resources SARL (Dathomir) for the interim suspension of payments of purchase prices under SPAs by which Dathomir agreed to sell and AVZI agreed to buy a 15% interest in Dathcom (Dathomir SPAs) pending arbitration.

 

[wombat74]

"As previously announced and consistent with the above statements, AVZ confirms that it retains legal title to a 75% interest in the Manono Project and its pre-emptive rights over the balance of the Project." 20/10/22

So basically AVZ is ignoring Cong's claims . It's bogus and has no relevance . So Cong is off in his own little world trying to make something out of nothing and we ain't playing his game . ML coming up ?

 

[MoneyBags1348]

The Arbitrator has issued Procedural Order No.1-3 ruling in favour of AVZI

Do we know what procedural order No.1-3 entails? Anyone?

Charbella, just off the top of my head and without any looking into it…. I think it refers to AVZ wanting three Judges at Arbitration (Procedural Order No: 1)

Which means it ruled in AVZ’s favour of requesting three judges rather than one

I haven’t looked into the announcements yet as I am still too flabbergasted by the language I am reading…. There are far too many people trying to take my and @Winenut’s mantel….

 

[ChrisU]

Ummmm really Xerox did u just ask the same person twice
Has Tom been crowing ? I need to check the bird

I am not Der Geist.

Yes I skimmed it too and have now come back to it to have a proper look.

However small a win, It is good that AVZI were ruled in favour for the procedural rules and the place of arbitration, I bet those fuckers were trying for Hong Kong. So now its 1-1 (Zijin got the first goal with their 1 arbitrator to bribe)
The Arbitration itself is still to happen though and I really don't like the way in which this announcement was framed as a win, if we are celebrating this how low are our expectations? Nothing really has happened yet, so Zijin are purposely dragging this on, lets face it if they were out they would ask for a quick resolution and put up a very very lame fight then say to their holders we tried but the evil westerners and their round eyes they colluded to cheat us poor Chinese.

I have very little faith now that Zijin have stopped in their BS attempt to cheat their way into Manono.

The Dathomir case is referencing the one on twitter where the judge was supposed to take a few days. Wanker judge was obviously on the take, so now that drags on too, interesting as we were following up on this an never got anything back so no doubt it was hushed up and filed at midnight.

It's not looking good for this to be cleared up by the time the shitshow rolls around. Certainly not as good as I first imagined, if this is how we are to be treated at the roadshows they will quickly become shitshows WE ARE TIRED OF THE BULLSHIT MANAGEMENT!!!

More fucking easter eggs from those in the DRC supposedly on our 'side' but we're used to fucking easter eggs, champagne on ice and fucking imminent announcements, motherfucker just get the cunting thing signed stop fuck-arsing around on 20k-30k a month while many of us poor bastard investors who PAY YOUR PISSING WAGES struggle and suffer mentally and financially, its not fucking much to ask, afterall its not like you've had over a fucking year now to get the fucking thing signed, you all should think yourself lucky to still be in a job with that performance. You bastards should freeze your astronomical wages till the fucking ML is through and we are bloody building a mine, out of concrete and not fucking empty promises, easter eggs and champagne, show some god dam empathy and compassion. While we are at it fucking dive into those deep pockets of yours and BUY SOME SHARES what the fuck is wrong with your conviction, my balls are aching at just how little money the BOD have bothered to invest into the company. Words - Action = SHIT

fuck me Bags mushrooms kicked in

all too soft on managekeny last several AGMs. The share price doped us with last AGM. I am expecting we get doped again. But not holding my breath

It does seem to me like this is what happened though. Surely AVZ was aware through its local contacts and law team that Dathomir was awarded the tribunal decision. It also seems to me like they were planning to sweep it under the rug and not mention it, like they did with the last tribunal decision and like they seem to have done with everything that doesn't suit our interests (e.g Zijin) until their hands were forced. This announcement really appears thrown together around limited facts and at a strange time remove from the things it's detailing - like they have been questioned about it and thought well okay now we have to inform the market- which ties in perfectly with what Tommy says about this only happening after AFR questioned AVZ about the tribunal results.

It really isn't a good look IMO, and reinforces my concerns about the company's disclosure track record. Which really is woeful given any critical examination of the earlier timeline on Dathomir and Zijin issues.

Poor form.

Yes, it really does look like they were forced to say something rather than AFR say it.

AVZ seems worried about its shareholders revolting on management. I for one expressed, “if I see red”….and your opinion confirms what I have apprehended.

Giving Nigel some slack, he apparently knows rugby. And one tactic in rugby, revolving in an around a scrum, is all kinds of scheit is raked internally, but outwardly, you stand proud, and ready to coordinate and score.

I really don’t have an answer to appease us all except to say things are supposed to work and AVZ abided by the rules but when you’re dealing with crookery on a level we never thought possible, I mean ask what precedent there is for this Congo open corruption, this is an astonishing battle that is also a political battle for survival.

And I’ve thought could AVZ have done things differently to avert this? Only one option I can see is, Klaus could have been retained, but he left sometime late 2018,

 

[ChrisU]

The Company is aware of a DRC Tribunal decision dated 20 September 2022 granting a request by Dathomir Mining Resources SARL (Dathomir) for the interim suspension of payments of purchase prices under SPAs by which Dathomir agreed to sell and AVZI agreed to buy a 15% interest in Dathcom (Dathomir SPAs) pending arbitration.

Yes, but AVZ maintains it is not a party to the matter and has done so since day 1 with media speculation statement.
Oddly, it feels obliged to comment at all. It’s because of this sense of obligation that we or many of us are starting to feel like jilted lovers.

Consider the passage of time, AFR learned very late to only have enquired as Tom Richardson claims on Tuesday. That’s 28 days. Why did it take so long to leak out? Dathomir didn’t leak it surely.

 

[ChrisU]

Moneybags, I could be more negative about the company, but some people take it personally.

 

[ptlas]

Charbella, just off the top of my head and without any looking into it…. I think it refers to AVZ wanting three Judges at Arbitration (Procedural Order No: 1)

Which means it ruled in AVZ’s favour of requesting three judges rather than one

I haven’t looked into the announcements yet as I am still too flabbergasted by the language I am reading…. There are far too many people trying to take my and @Winenut’s mantel….

There are far too many people trying to take my and @Winenut’s mantel….

You're there to be shot at.
Every lion king is deposed

 

[Mr Inappropriate]

Oh Nuts, we were just about to pass the mantle over to @Mr Inappropriate and now you’ve taken an unbreakable grip on it and @TDITD is trying to wrestle it from you…. It’s all happening!!

The only one who can take that mantle from you now is….

Look, I’ll confess I’m up against it. I usually only see the announcements after work, so Nuts gets a full business day to stew on the contents and create new invective for Z / PRC / BOD / Jean Claude van Damme / any other corrupt mutherfuckers, long before I’ve managed to string together a few naughty words to post here.

In spite of this handicap, I will fight on.

 

[MoneyBags1348]

Look, I’ll confess I’m up against it. I usually only see the announcements after work, so Nuts gets a full business day to stew on the contents and create new invective for Z / PRC / BOD / Jean Claude van Damme / any other corrupt mutherfuckers, long before I’ve managed to string together a few naughty words to post here.

In spite of this handicap, I will fight on.

Good for you Mr Inappropriate, my sentiments exactly…. Fight On Slugger

 

[Charbella]

Charbella, just off the top of my head and without any looking into it…. I think it refers to AVZ wanting three Judges at Arbitration (Procedural Order No: 1)

Which means it ruled in AVZ’s favour of requesting three judges rather than one

I haven’t looked into the announcements yet as I am still too flabbergasted by the language I am reading…. There are far too many people trying to take my and @Winenut’s mantel….

Hi Moneybags, thanks for your reply. I have gone back to all the announcements and can’t find anything related to procedural request from AVZ. With regards to AVZ wanting three judges at Arbitration, the ICC has informed the parties that it appointed a sole arbitrator. I am buggered!

 

[ChrisU]

Hi Moneybags, thanks for your reply. I have gone back to all the announcements and can’t find anything related to procedural request from AVZ. With regards to AVZ wanting three judges at Arbitration, the ICC has informed the parties that it appointed a sole arbitrator. I am buggered!

I wouldn’t dwell on it. AVZ is just trying to derisk.

 

[MoneyBags1348]

Hi Moneybags, thanks for your reply. I have gone back to all the announcements and can’t find anything related to procedural request from AVZ. With regards to AVZ wanting three judges at Arbitration, the ICC has informed the parties that it appointed a sole arbitrator. I am buggered!

I’ll see what I can dig up….

Funny thing only just happened, can you believe I just got a call from the Chinese Embassy!!

Unbelievable but true…. I hung up but am posting the number here below:

 

[Xerof]

Bags, you should have heard them out. I also got a call and they offered to buy my shares for $5 🫥🫥🫥🫥

 

[MoneyBags1348]

Bags, you should have heard them out. I also got a call and they offered to buy my shares for $5 🫥🫥🫥🫥

Not funny X, I’m deleting the number from the threads and just keeping a photo of it…. Very Sus mate