Hodlandwin69
Regular
Yeh like wtf, how long is it meant to take to form government/cabinet?
Yeh like wtf, how long is it meant to take to form government/cabinet?
Yes mate, Felix has no backbone I am just trying to be hopeful. For MoM to appoint herself as an inspector of mines and not be challenged (to even have the audacity to do this is bizarre) by the government shows how inept the government is. I am trying to remain hopeful but its like 1 step forward hit the snake and go back to the start.I think it is just because the toothless tiger doesn't yet have a backbone. The longer this drags out, the more damage he does to his own country via the ICSID fines and further reputational damage which will discourage western investment. His smartest move forward is to bring all parties together for some form of a negotiated settlement whereby everyone has to "give a little" so that all parties are appeased as Carlos has been saying for a long while.
If he doesn't grow a backbone after this new government is formed, it will probably be the worst decision for him. If we go the full length and AVZ end up with what we are entitled, what's to stop Zijin from then taking the DRC Gov to court for giving them (albeit illegally as per mining code) a percentage ownership and then taking it off of them? The best path forward for everyone is still a negotiated settlement.
You don't negotiate with terrorists. Zijin can suck a bag of dicks as far as I'm concerned.I think it is just because the toothless tiger doesn't yet have a backbone. The longer this drags out, the more damage he does to his own country via the ICSID fines and further reputational damage which will discourage western investment. His smartest move forward is to bring all parties together for some form of a negotiated settlement whereby everyone has to "give a little" so that all parties are appeased as Carlos has been saying for a long while.
If he doesn't grow a backbone after this new government is formed, it will probably be the worst decision for him. If we go the full length and AVZ end up with what we are entitled, what's to stop Zijin from then taking the DRC Gov to court for giving them (albeit illegally as per mining code) a percentage ownership and then taking it off of them? The best path forward for everyone is still a negotiated settlement.
Let’s hope we get this over the line. Any more delays on the two months and Nigel will be paying wages with his Amex!
Could also mean Locke want to wait and see if the DRC are going to pay their fines .Do we have any legal outcomes pending by 31st of May?
I'm wondering if they're waiting on something specific.
As far as my ears have heard, there's no info floating around in regards to this funding, if anyone knows what's really going on, they're being very tight lipped.
Rumors that it was sorted last week seem to have been incorrect.
This extension could mean anything and doesn't really tell us much.
It could mean things are not looking that great for AVZ getting this finance.
It could mean it's nothing but administrative details that simply need to be checked off, which I think is the most likely situation, since it was worded like that in the anouncement. "Working through a relatively small number of outstanding issues."
It's also possible we are very near to a settlement and may not need the money. That's very wishful but it's still possible.
It's a little concerning that we are meant to run out of funds before 31st May, but I suppose mangement can keep it going dry for a few weeks.
Dissapointing though, it would have been good to put funding concerns to rest.