AVZ Discussion 2022

[Dazmac66]

Until you stumble across an under-the-radar explorer in elephant territory with near-surface bonanza grades across wide intervals and a low buy-in price.

Cheers
F

NOPE - go as hard as you can young fella, I'm out! Sitting in the tinny on the Pumicestone Pasaage catching whiting with a coldie in hand.

 

[SilentOne]

LINK: https://x.com/bettyMuzalendo/status/2013653722274893844?s=20

 

[Sangster]

I think (hope) that if the DRC had previously offered KoBold Monano and that DRC had said it would be up to KoBold to sort AVZ out, any potential partner would just slot in where KoBold left off with the DRC gifting Cominiere's share to the buyer of AVZ's share

Hypothetical scenario:

1) DRC wants to look like everything is all legal and they aren't thieving, dishonourable, low life, self serving, short sighted, greedy, aid grabbing, untrustworthy... (15 mins and 2 pages later) arseholes.

2) We want to get paid fair value to quietly go away.

Therefore we pause arbitration preventing (for now) a final award that confirms point 1 above in the international courts. This allows our project to be added to the SAR list making various incentives and guarantees applicable. Now multiple parties currently in discussions with us can have greater confidence in buying us out and thanks to US government finance schemes applicable to SAR projects can afford to offer us a fairer price.

We take the best offer and leave Africa to the hyenas. USA gets the lithium and DRC pretend they never screwed us.

Upgrading my mood to cautiously optimistic.

 

[Goldenboy]

NOPE - go as hard as you can young fella, I'm out! Sitting in the tinny on the Pumicestone Pasaage catching whiting with a coldie in hand.

Maybe I am in the boat next to you …

 

[Hodlandwin69]

View attachment 94434

Given that Cominiere's only lithium asset is a 25% stake in our project, it sounds like Manono has been offered on the short-list disguised as a state owned asset. Either this is in direct contravention of Article 4 - Strategic Asset Reserve, point 5 below (couldn't clip the bottom off so ignore article 5 heading):

View attachment 94435

Or the intention is that we receive a suitable offer to quietly go away and pretend everything is nice and legal. Then again it does say "between the parties" which suggests to me it only applies to international legal obligations between DRC and USA.

Not sure whether to be angry or quietly confident. Perhaps I'll settle for agryfident until our next official update.

Last time I checked on the CAMI cadastre map portal, cominiere had 100% of PR13359.... So maybe that's that.

I imagine it'll end like this.
Cominiere make the sale to a US company such as Kobold for a miniscule amount, with the condition they pay AVZ a large amount to drop their claim for Manono

 

[Dazmac66]

Last time I checked on the CAMI cadastre map portal, cominiere had 100% of PR13359.... So maybe that's that.

I imagine it'll end like this.
Cominiere make the sale to a US company such as Kobold for a miniscule amount, with the condition they pay AVZ a large amount to drop their claim for Manono

How do you think the ICSID would receive this? Which US company is going to buy a deposit encumbered by an advanced world bank arbitration case? I can foresee another interim order stopping the DRC from offering PR13359 from being included on the auction list of no acceptable deal is tabled.

 

[Hodlandwin69]

How do you think the ICSID would receive this? Which US company is going to buy a deposit encumbered by an advanced world bank arbitration case? I can foresee another interim order stopping the DRC from offering PR13359 from being included on the auction list of no acceptable deal is tabled.

This is the exact leverage AVZ have. It can go to auction because AVZ want to sell it. AVZ will set the floor price, if AVZs minimum tenable value is not reached, then they would ask ICSID to impose an interim order, if it's a good value, then why would AVZ seek to pause the sale??

 

[Dazmac66]

This is the exact leverage AVZ have. It can go to auction because AVZ want to sell it. AVZ will set the floor price, if AVZs minimum tenable value is not reached, then they would ask ICSID to impose an interim order, if it's a good value, then why would AVZ seek to pause the sale??

Ahh I see what you are thinking?

 

[Sangster]

Last time I checked on the CAMI cadastre map portal, cominiere had 100% of PR13359.... So maybe that's that.

I imagine it'll end like this.
Cominiere make the sale to a US company such as Kobold for a miniscule amount, with the condition they pay AVZ a large amount to drop their claim for Manono

As I understand it the CAMI cadastre isn't the legal authority on the matter and in our case what it says is incorrect. That's part of why we're in court. The DRC has been ordered by the court to restore the correct ownership into our name for the south with ownership of the north to be amended once the court can unravel this mess.

But DRC want to pretend everything they did was legal. Politically connected criminals want to avoid prosecution. The state wants to avoid being exposed as entirely corrupt and unable to prosecute their criminal leadership. They want to save face, so that they can lure in more foreign wealth to embezzle.

On the surface it will likely appear to unfold as you imagine. But beneath it all the mining rights to Manono legally belong to us. That's the truth and it's why we must be paid to drop our case.

 

[Rechnerhand]

 

[Hodlandwin69]

View attachment 94444 View attachment 94445

13359 is the only lithium one