AVZ Discussion 2022

[Frank]

I bet she doesnt come

Roger that

 

[Frank]

 

[TDITD]

Now we are suing the DRC do we have any friends in the GOVT.

As with anything DRC it seems.....only those we pay

 

[Carlos Danger]

Guess we have no progress. Wasted months. Should have started this about 6 months ago.

The case was registered yesterday. It wasn't started yesterday. Here's the stats on registration waiting times from the ICSID website.

 

[CHB]

The case was registered yesterday. It wasn't started yesterday. Here's the stats on registration waiting times from the ICSID website.
View attachment 38074

Interesting, so perhaps lodged a few months ago.

Good find.

 

[Frank]

 

[Onthefm]

Well well well... I guess this paints a pretty clear picture of where we are at, at least in my opinion. I'd say if we saw any hope if a negotiated outcome with the DRC government, then we wouldn't go down this path. Thus I feel like our management have lost all confidence that we can have this sorted in any other way. Now I guess we won't just have unharmonious relations with the project partners, but also with the government as a whole that has the ability to progress our licence.

Some here will no doubt think otherwise, and thats fair enough, but in my view this feels like last ditch effort to pile on some pressure and international attention. There has been few recent announcements that have lowered my belief of a happy outcome anytime in the near future like this one has. Where is our relationship with the government going from here? Nowhere good, is my belief. Or in more directed terms I get the feeling we be fooked.

Sigh. Also look at the case lengths! Hope this is just a negotiation tactic.

Same here mate bloody depressing.

 

[Frank]

 

[TheCount]

Felix, Rook to Q7. ‘check’.

TC.

 

[JNRB]

I'm with Constantin - ABOUT BLOODY TIME!!

How long are we expected to play nice with the government for? Especially knowing half of the are corrupt. Felix and CO have had over a year to step in and sort this out but have done nothing.

 

[DoubleA]

Interesting, so perhaps lodged a few months ago.

Good find.

If this was the case and it was lodged a few months ago and then Zijin was removed from the project sometime after lodging, is it possible that the DRC Government's actions to remove Zijin are in response to the case/pressure?

Probably wishful thinking to be honest.

 

[Li-AusPol]

I'm with Constantin - ABOUT BLOODY TIME!!

How long are we expected to play nice with the government for? Especially knowing half of the are corrupt. Felix and CO have had over a year to step in and sort this out but have done nothing.

100% agree, finally the time for bullsh*t rumours and games is over

For the first time in 13mths we know exactly where things are at

 

[Charbella]

If this was the case and it was lodged a few months ago and then Zijin was removed from the project sometime after lodging, is it possible that the DRC Government's actions to remove Zijin are in response to the case/pressure?

Probably wishful thinking to be honest.

Could possibly be. The case was registered today, hence the company must make the announcement.
Excellent find @Carlos Danger
This doesn’t change the progress AVZ may have made recently as the average waiting time is 83 days.

 

[Frank]

Clearly it's a big news day today.....

It is Now Wino

Now we all have something really juicy to sink our Teeth into over the long Weekend

This is going to be Epic, requiring plenty of Popcorn and Piss to get us all through it imo

Buckle Up Boys & Girls, The Shit is about to get Real / Interesting

 

[CHB]

If this was the case and it was lodged a few months ago and then Zijin was removed from the project sometime after lodging, is it possible that the DRC Government's actions to remove Zijin are in response to the case/pressure?

Probably wishful thinking to be honest.

It's possible.

I'm done with positivity though, plenty of others for that.

Let's hope it doesn't take another 6-12 months to get some sort of outcome from this. Should have put this pressure on long time ago.

Felix has decided not to choose a side and let his corrupt government manage things. Time to act like a president and make a call.

 

[Hudnut]

When did PR13359 on the CAMI website revert to Cominiere instead of Dathcom?
Perhaps that was the signal for NF to apply, and now the case has been registered.

 

[JNRB]

for a slightly more positive speculation on this announcement -

Could be that it was actually encouraged by Felix.

Action is against the DRC government. Yes. But that is not a cohesive whole in any way. FT actively trying to change the way the governments operates and reduce corruption. But that's a damn hard job and there's only so many levers he can pull. So instead, he's bringing in an external hammer to smash corrupt actors, and the only way he could give legitimacy to such an external hammer is for something like this to happen - a company to raise a dispute against the government in an international forum.

It's also interesting to note that this action is being brought by AVZI, GLH as well as Dathcom, but no sign of Dathcom's other owners....

EDIT:
Just thinking further, could be that it was encouraged by Felix AND/OR the US/AusEmbassy - A way for international pressure to help push this thing forward, where everything is transparent and China can't play their funny games.

 

[Carlos Danger]

Interesting, so perhaps lodged a few months ago.

Good find.

Could possibly be. The case was registered today, hence the company must make the announcement.
Excellent find @Carlos Danger
This doesn’t change the progress AVZ may have made recently as the average waiting time is 83 days.

The shortest is 3 days so it could have been lodged this week. But my inkling is this process began when 'other foreign embassies in the region, whom jointly share a common interest to support investment transparency in Africa's mining industry' got involved in March. The question now is does Felix want the gringos to honour the MOU for supporting his battery supply chain vision or will he go back to Beijing and get insulted again.

 

[bloke383]

Not a good look for the DRC at the DRC Mining Week , June 14 -16 .
Perfect timing if you ask me

 

[Charbella]

The shortest is 3 days so it could have been lodged this week. But my inkling is this process began when 'other foreign embassies in the region, whom jointly share a common interest to support investment transparency in Africa's mining industry' got involved in March. The question now is does Felix want the gringos to honour the MOU for supporting his battery supply chain vision or will he go back to Beijing and get insulted again.
View attachment 38081

3 days for AVZ? Nah, never going to happen. I am wondering why in this instance we have gone with ICSID Arbitration instead of ICC Arbitration. Your thoughts?