AVZ Discussion 2022
- Thread starter GazDix
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From page 7 -
‘The Company is confident of a positive outcome in relation to the award of the Mining Licence pending resolution of the ICC arbitrations (refer above Cominière and Zijin Mining / Jin Cheng Dispute and Dathomir Dispute below Note 9 Contingencies).’
Doesn’t the bold print (which I did to highlight) above contradict what you and the company has been previously saying Obe ? - ‘award of ML not dependent on these ICC cases in any case’
I’m reading it as ML IS dependent on the resolution of the ICC arbitrations….so if they are not resolved the ML won’t be awarded
Why is the company contradicting itself…….
Sorry I was slow in typing my reply, didn't realise you mentioned the same thing Carlos
Carlos Danger
Top 20
Both proceedings refers to the 2 separate claims at the ICC against Dathomir by AVZ for the 5% and 10% purchases of Dathcom in 2021
Cong is trying to get out of the ICC on jurisdiction because he knows he will lose both cases and be liable for damages to AVZ. If he loses his jurisdiction claim then he will finally fulfil his contractual obligations to transfer the total 15% of Dathcom to AVZ so he can avoid having to pay us compensation and this will all be over well before September 2024 imo
So effectively, why the hell are we spending any money whatsoever on drilling and building Camp Collins while we are in limbo for a year and a half? On top of the near year we’ve been in suspension already. Yikes. Senior staff should take a pay cut to help lessen the stress on company financials as well. Their performance rights more than make up for any loss of income.
Exactly mate but no just negative thinking aparently. Who spends money on construction accommodation and drilling on something they don't fully own. Ho shit negative. Management needs to tell us. Its our money ffs. Its not that hard to grasp. Is that negative? Not sure but the cops will sort it.
Na mate got an atm for 50m apparently. Now that was 100% negative.
YesThankfully the AVZ situation in the DRC is not as dire as the outcome of the opening round of the AFL.....
Totally agree, the only thing that worries me regarding the ICC is that the case can be potentially delayed/adjourned as a result of ridiculous counter claims/excuses by Cong…..
Dragging it out as long as possible with Congs desired effect being 2 fold -
1. the DRC state getting fed up of the delay - ie. this was eluded to as the excuse in the decrees - ‘dathcom shareholders not getting along’….
2. The longer this drags on Cong is hoping AVZ will run out of money
That’s exactly Congs game plan IMO
I’ve just seen ICC cases in the past drag on for years - hope the ICC arbitrators will play hard ball and see through the games
P.S the above could be just my paranoid/poker brain kicking into overdrive and over analysing the hand Cong is playing
AVZI submitted its Reply on Jurisdiction on 10 March 2023. Jin Cheng will submit a rejoinder on jurisdiction on 22 March 2023, and the hearing on jurisdiction will take place on 19 - 20 April 2023.
AVZI remains of the view that its jurisdictional challenge will be successful; an award on jurisdiction can reasonably be expected to be handed down mid-2023.
It should be noted that this does not finally determine whether the sale of shares from Cominière to Jin Cheng was effective, which will remain to be determined in separate proceedings.
Hi Carlos, your thoughts on the above two points?
Carlos Danger
Top 20
Yeah I've been trying to work out what management's game plan is regarding how we will get the 15% transfer from Cominiere to Jin Cheng reversed so we can exercise our FROR. Basically the ICC case brought by Zijin is to force AVZ to recognise them in Dathcom not whether the 15% transfer was illegal.
AVZ is saying that the ICC isn't the correct jurisdiction for this hearing. I assume that was originally because we had already lodged the case in the DRC that would test the legality of the transfer therefore the ICC case is legally redundant.
But now we have also dropped the case within the DRC because it was taking too long. So I'm unsure what legal avenue management plan to use to enforce our rights. My guess is a higher court in the DRC but that will take time.
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Thunderpony
27 µg per 100 mL
*reaches for bong*
Reading the half yearly, it would seem we are potentially in for the long haul with all the bullshit!
If the ML is dependant on ICC outcome then It would seem the game plan here for the enemy is just to play for time!
Hopefully its not gonna be the case though, the wait continues......
If the ML is dependant on ICC outcome then It would seem the game plan here for the enemy is just to play for time!
Hopefully its not gonna be the case though, the wait continues......
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Xerof
Flaming 1967
Not meaning to deflect your question, but that Dathomir bank statement posted by Carlos only shows the reversal of the 20M out of the bank account - the incoming deposit appears to be redacted.
Having Dathomir bank statement is a coup
the only person I know of who claims to have corresponded with Cong is der Giest. Just saying
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JAG
Top 20
Who got smashed? .......Thankfully the AVZ situation in the DRC is not as dire as the outcome of the opening round of the AFL.....
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