What a rollercoaster of a week it's been. My first thoughts were to take a TO offer for the whole lot because Zijin will no doubt affect the construction timeline if they "lose" their share.
Then I was of the opinion to fuck Zijin and take this thing to ICC as long as it takes, but as everyone has suggested the MoM may be threatening lose of Dathcom ownership and Felix would have stepped in by now if he is to save the day.
It is looking more and more like there may not be around any of this without Zijin's involvement and the Dathomir claim is hanging around like a bad smell. Dathomir don't want to be involved with the project they just want money and Zijin just want to be involved no matter what so now Nigel needs to make his money.
- AVZ still have "legal title to 75%"
- Comineire sell 10% to Zijin and out of good faith they pay $100M to DRC for it. (Zijin also agree to pay 15% CAPEX).
- Comineire concede the remaining 5% to AVZ out of good faith (AVZ pay $50M)
- Zijin pay $50M to Dathomir as a condition of negotiation.
- All parties close ICC cases and sign conditions to not allow anymore ownership claims.
- AVZ only sell 9% to CATH (with a condition to still pay the $240M upfront but $150M under project payback conditions)
AVZ 71% / CATH 9% / ZIJIN 10% / DRC GOV 10%
No more ownership disputes.
No more concern about losing the northern half of 13359.
No interference from Zijin during construction as it is in their interests to succeed.
Coming in late and replying here b4 reading the rest of the thread so hopefully not going over something repetitively....
I agree to the notion, problem is it doesn't address the Zijin criminal bollocks anywhere near enough appropriately, or Comineire.
Additions:
For Zijin and Comineire they don't get arrested, fraud brought up an charged/tried before court, all charges in relation to the crimes commited around Manono dropped.
-Cominiere sell 10% to Zijin for $100Mil - this gets split 50/50 between Dathcom and Cominiere, (still over 50% more than Cominiere were willing to sell to Zijin for, remember they had two paid 'independent' valuations on it so they can't complain.)
-Zijin to cover their 10% of the project plus DRC 10% and a penalty 5% because their cunts (we can't use that reasoning though
so maybe as a penalty for Illegal BS). They are also required to pay 25% for any expansions started within the next 5 years. *Zijin cannot refuse expansions
-Zijin settle with dathomir as penalty (lets face it dathomir will charge zijin peanuts, an fuck dathomir)
The rest I can put a rubber stamp on now if you like
-
www.radiookapi.net
