AVZ Discussion 2022

[SilentOne]

From the 2:32 point of the translation.

"Congo was being asked for $10 billion, likely to settle for $5 billion after judgment in Washington."

5B USD is roughly 2.15 AUD per share, and I would be happy with that.

You might be, but I certainly would not be happy with it - begrudgingly I would endorse going all the way with the ICSID if that the figure on offer.



Regards,

SilentOne.

 

[timb89]

You might be, but I certainly would not be happy with it - begrudgingly I would endorse going all the way with the ICSID if that the figure on offer.



Regards,

SilentOne.

You are not playing the numbers.

Occidental Petroleum Corporation v. Ecuador (ICSID Case No. ARB/06/11)

• Final Award: In October 2012, the tribunal awarded Occidental Petroleum approximately $1.77 billion (plus interest) for Ecuador’s unlawful termination of an oil exploration contract.
• Payout/Settlement: In 2015, Ecuador and Occidental reached a settlement. Ecuador paid $980 million to Occidental, a significant reduction from the original award, after negotiations and an annulment proceeding that partially upheld the award. The settlement was publicly reported as a resolution to avoid further enforcement actions.

They received half the payout as was awarded. Equadors GDP is 1.6 the size of DRCs. Equador is 40 places better ranked on the corruption index than DRC.

This is assuming the ICSID agrees with our claim and gives us the full 10 Billion. Occidental Petroleum were asking for 3.4 Billion (awarded 1.77). The effective payout was 25%.

If we are given 5 Billion USD settlement, we take it. Effective payout of 50%.

 

[SilentOne]

You are not playing the numbers.

Occidental Petroleum Corporation v. Ecuador (ICSID Case No. ARB/06/11)

• Final Award: In October 2012, the tribunal awarded Occidental Petroleum approximately $1.77 billion (plus interest) for Ecuador’s unlawful termination of an oil exploration contract.
• Payout/Settlement: In 2015, Ecuador and Occidental reached a settlement. Ecuador paid $980 million to Occidental, a significant reduction from the original award, after negotiations and an annulment proceeding that partially upheld the award. The settlement was publicly reported as a resolution to avoid further enforcement actions.

They received half the payout as was awarded. Equadors GDP is 1.6 the size of DRCs. Equador is 40 places better ranked on the corruption index than DRC.

This is assuming the ICSID agrees with our claim and gives us the full 10 Billion. Occidental Petroleum were asking for 3.4 Billion (awarded 1.77). The effective payout was 25%.

If we are given 5 Billion USD settlement, we take it. Effective payout of 50%.

Well if it comes to a vote the answer is still no

 

[Hudnut]

At the moment I'd just love to have the opportunity to have a vote.

 

[Winenut]

At the moment I'd just love to have the opportunity to have a vote.

at the moment i’d just like to know what I might be voting on

 

[cruiser51]

And the beat goes on....

About a week old:

 

[Roon]

Well if it comes to a vote the answer is still no

Voting no for 5b USD? I feel sorry for your upcoming mental state when reality eventually hits.

 

[timb89]

Well if it comes to a vote the answer is still no

Based on what though?

Play out a scenario that you think will happen by voting no to above.

 

[cruiser51]

 

[cruiser51]

 

[OmarsCominYo]

 

[OmarsCominYo]

42.54

edit: video appears to have been altered, relevant report currently at 23.38

 

[timb89]

42.54

Time in Washington currently 3pm. He says signing tomorrow. So by 8am EST Aus we should have it done.

Nobel Peace Prize for Trump.

 

[OmarsCominYo]

https://www.washingtontimes.com/new...-historic-african-peace-deal-world-attention/

 

[Penskefile]

Meanwhile at the Chinese embassy in Kinshasa
View attachment 87680

must’ve run out of the brown-coloured paper bags

 

[marksmann007]

 

[Pokok]

must’ve run out of the brown-coloured paper bags

No its just Bakso for lunch

 

[Spikerama]

I have no idea what Kiki is banging on about or where he got this info but doesn't sound good.

https://x.com/KiengeKki/status/1938306058998440198

 

[Penskefile]

No its just Bakso for lunch

Wrapped in fresh $100 notes.

 

[j.l]

must’ve run out of the brown-coloured paper bags

They're cleaning up their act, as promised.
Silk bags now.