AVZ Discussion 2022

[Scoota30]

MoU =stall and delay . Nigel has either 1 of 2 major announcements to make in the very immediate future .

1. A deal has been done and this sh1t show is over .
OR
2. $20MIL funding secured .

You forgot option 3 wombat....

3. Extension to Locke Funding.
"The company and Locke are completing further due diligence on the previous due diligence completed to finalise a relatively small number of outstanding issues. The company is confident in a positive outcome for the funding and continues to explore other avenues to increase shareholder value, including but not limited to the progression of the MoU with the new DRC Government as dialogue has re-continued, the company is happy to report that the talks have progressed further than last announcement."

Sorry.... had to....

 

[Hudnut]

Completion of Locke funding is I..M....M....I.......N........E............N..............

 

[Mute22]

You forgot option 3 wombat....

3. Extension to Locke Funding.
"The company and Locke are completing further due diligence on the previous due diligence completed to finalise a relatively small number of outstanding issues. The company is confident in a positive outcome for the funding and continues to explore other avenues to increase shareholder value, including but not limited to the progression of the MoU with the new DRC Government as dialogue has re-continued, the company is happy to report that the talks have progressed further than last announcement."

Sorry.... had to....

TSE needs to add an angry face reaction already

 

[SilentOne]

Wouldn't it be great if we didn't need the Locke funding.

No doubt, should we sign a Locke funding agreement the same people will be complaining about the terms.

Lets wait and see as there is no point in speculating what may happen.

SilentOne

 

[Scoota30]

Just a reminder of where we are at - 2 months have passed since the below announcement. Lets see what Claudes take is on this.

 

[robface]

Wouldn't it be great if we didn't need the Locke funding.

No doubt, should we sign a Locke funding agreement the same people will be complaining about the terms.

Lets wait and see as there is no point in speculating what may happen.

SilentOne

Where else is cash coming from?

 

[Winenut]

Where else is cash coming from?

I'm assuming it implies we strike a TO deal in the nearish term and therefore don't need the Locke litigation funding

 

[Winenut]

If it's not that then maybe there's finally ownership resolution confirmed for 13359, the fuckers Zijin are kicked the fuck out, Cominiere is fucking disbanded, Celestin has his scrawny arse chucked in fucking Makala, ICC and ICSID litigation deemed "no longer required", AVZ finally go mining and we get reinstated to the ASX!!!!

It really is like a fairy tale isn't it......

 

[Mute22]

I'm assuming it implies we strike a TO deal in the nearish term and therefore don't need the Locke litigation funding

Christ I hope so.

It would be nice to turn the heating on..

 

[hedrox]

 

[Lucas Don Velor]

The article in the Twitter link by GuruDurkan is an excellent read and gives the history of Manono with lots about AVZ (It’s a long read though!)

GuruDukun
@GuruDukun

It explores the geopolitical struggle between China (#Zijin) and Australia ($avz) over these resources. Essential reading for understanding the project's impact and challenges.

https://granta.com/power-metals/?fbclid=IwY2xjawD6DGRleHRuA2FlbQIxMQABHQiZ8LUQGcQlwXy-9z3jlbf1Bqef696RsuFZ1i8VAR-YekWNzKiIB7oKeg_aem_gG1obQ6SNRaLqaK5GZKe5Q


https://t.co/bs0V4ybNbQ


Anyone thinking Global Lithium didn’t know what Geoff Jones was up to is kidding themselves. They only sacked him to try and save their own arse because they knew they were involved in an illegal scam and are trying to avoid an investigation.

My own personal view is the Chinese are using Global Lithium as an Australian company to acquire shares in other Australian assets the way Zijin did here with their subsidiary Bellamel who previously scooped up AVZ shares on the quiet.

Remember Zijin owned Norton Goldfields took over Bellamel and Dianmin Chen (who founded Global Lithium & has just been made Executive Director) was the Managing Director of Norton Goldfields

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Dave Evans
@DaveEva12049801

Is @dfat aware of fraudulent emails sent to AVZ Minerals shareholders by Michael Carrick and Geoff Jones. Brief overview in the link below of attempts by Chinese entities to usurp the AVZ BOD and steal critical minerals


thestockexchange.com.au
ASIC AND AUSTRALIAN TREASURY

This is curious... From the article, Nicolas claims secrecy around the ICC procedings... I'm sure his due diligence surrounding entry was carried out before travelling to Paris?!

Mr Pei's seemingly dirty tactics surrounding GL1 also suggests they're in the dark, possibly trying to garner information?!

"The Australo-Chinese lithium squabble is still caught up in the courts – no AVZ representative would speak to me for this article, and when I tried to attend a hearing between the parties at the International Chamber of Commerce’s International Court of Arbitration, in Paris, I was told that such proceedings are secret."

A win-win scenario for the DRC is for both Western/Indo-Pacific and Sino countries to have a portion of Manono... what that looks like, I have no idea and also dont agree that any chinese entities have any legitimate claim, however, both have massive planned projects i.e Lobito railway etc that could transform the country within a decade!

I DO think we're still in the game, as there are too many 'why's?' to the contrary... Why do Cominiere reply on twitter, why Carrick, why Jones, why MMGA... I'm holding strong as I think we'll get there!

 

[JAG]

Everyone, can I please suggest you all make sure you look after your health. I started with my first round of medical tests today and after bit of a runny nose I’m glad I wasn’t poso for the vid!
Look after yourselves hey.
Got the Warnie medical up next

 

[Hodlandwin69]

@lucas don velor, wrong court (you quoted the international criminal court)

 

[Lucas Don Velor]

@lucas don velor, wrong court (you quoted the international criminal court)

Ahhh, so it is... same attendence rules apply for ICC Arbitration... I'll post a screenshot when able!

 

[Lucas Don Velor]

Ahhh, so it is... same attendence rules apply for ICC Arbitration... I'll post a screenshot when able!

Ahhh, so it is... same attendence rules apply for ICC Arbitration... I'll post a screenshot when able!

*Correction - ARTICLE 26 - Hearings - 3. of the ICC Arbitration rules states:

The arbitral tribunal shall be in full charge of the hearings, at which all the parties shall be entitled to be present. Save with the approval of the arbitral tribunal and the parties, persons not involved in the proceedings shall not be admitted.

 

[Frank]

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[Hudnut]

This is curious... From the article, Nicolas claims secrecy around the ICC procedings... I'm sure his due diligence surrounding entry was carried out before travelling to Paris?!

Mr Pei's seemingly dirty tactics surrounding GL1 also suggests they're in the dark, possibly trying to garner information?!

"The Australo-Chinese lithium squabble is still caught up in the courts – no AVZ representative would speak to me for this article, and when I tried to attend a hearing between the parties at the International Chamber of Commerce’s International Court of Arbitration, in Paris, I was told that such proceedings are secret."

A win-win scenario for the DRC is for both Western/Indo-Pacific and Sino countries to have a portion of Manono... what that looks like, I have no idea and also dont agree that any chinese entities have any legitimate claim, however, both have massive planned projects i.e Lobito railway etc that could transform the country within a decade!

I DO think we're still in the game, as there are too many 'why's?' to the contrary... Why do Cominiere reply on twitter, why Carrick, why Jones, why MMGA... I'm holding strong as I think we'll get there!

I'm holding strong because there aren't any other viable options even if I wasn't.

 

[Rechnerhand]

Affaire 70 millions USD impliquant un administrateur de la Cominiere : Antoinette N'samba dans l'oeil du cyclone - MINES.CD - Premier média congolais du secteur minier

L’affaire du prétendu versement de 70 millions de dollars américains (USD) impliquant l’ancienne Ministre des Mines Antoinnete N’samba Kalambayi, fait couler beaucoup d’encre et de salive. Elle fait craindre l’ouverture d’une action judiciaire.ContentsÉpée de Damoclès ?Des questions à se poser ...

mines.cd

 

[Frank]

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[Flight996]

Meanwhile back at the DRC and its corrupt agencies....

I did some digging around enforcement (or lack-of) of international arbitral awards, and the potential consequences for us.

It seems that the DRC is not the only country with a history of disregarding ICC & ICSID rulings or awards. Unsurprisingly, Venezuela, Argentina and Russia are also up to their necks in ignoring arbitral rulings...and they seem to be getting away with it.

• Venezuela has a long history of disregarding rulings from international tribunals. It appears willing to defy the rulings, likely calculating the strategic importance of the disputed matters outweighs the financial and reputational risks. Examples include: Kimberley-Clark vs Venezuela (ICSID), and OPIC Karimun vs Venezuela (ICSID).
• Argentina also has a history of ignoring or refusing to comply with adverse arbitral awards. Argentina ignored its international legal obligations in the majority of the over 50 investor-state arbitration awards rendered against it, totaling over $1.9 billion in principal and interest. However, recently Argentina governments have made some progress in rectifying this appalling record.
• Unsurprisingly, Russia also has form for non-compliance with adverse arbitral awards rendered against it. One review found that almost no arbitral awards were actioned voluntarily, and less than 50% of foreign awards were enforced by Russian courts. Examples include, Everest Estate v. Russia (ICSID).

As we are well aware, the DRC (and Cominiere) are entangled in a complex web of corrupt contracts with the Chinese, which will be extremely difficult to disentangle. The DRC has little incentive to change its behavior because its international reputation is already severely damaged due to widespread corruption at all levels of government, judiciary and business. In addition, China's ongoing demand for raw materials and its willingness to secure mining rights through bribery, regardless of international legal standards gives the DRC a ready market for its minerals.

From an AVZ Minerals investor point of view, all this supports our board's view of negotiating a deal ahead of time, rather than relying on the outcomes of lengthy international arbitrations, and voluntary compliance or enforcement of awards. Even if AVZ rolls the dice and ultimately wins everything, enforcement could stretch to a decade or more.

In the end, the DRC may still refuse to pay up, particularly if in the meantime Zijin expands its Manono footprint, pollutes its rivers beyond repair, further impoverishes the local community, and expatriates its ill-gotten billions back to China.

Just thinking out aloud.

Cheers
F