AVZ Discussion 2022
- Thread starter GazDix
- Start date
thorgin
Regular
surely they know they can't win the arbitration (unless ICC is corrupt) so is the whole point of this just to tie us up? if the mining license is being held up waiting for this to be resolved, I feel like the announcement was worded in a way that would allow that. lift suspension after mining license is granted (which might not come til this is cleared up)?
Bray
Regular
Wouldn’t it just be to entertain Zinjins idea and then once the ICC concludes that Zinjin has no stake in the project they can no longer bring it up in the future causing more issues?
Samus
Top 20
Hope so, seems risky going ahead if it's optional which seems to be the case going through information that is available regarding arbitration proceedings.
Hi all,
Maybe AVZ decided to go for the ICC because they assessed it would be faster than processing those claims in DRC?
The fact that it is voluntarily must mean they assessed their chance was near 100%, confirmed by their repeating of the sentence: "The Company has considered Jin Cheng’s claims in detail and considers them to be spurious in nature" in today's announcement.
If we believe in conspiracies , and AVZ shareholders have every right to do so, what if Zijin's goal, as a "state-controlled" entity, was only to delay AVZ entry to the market?
The more I think about that issue, I do not understand how they could win this thing, so why then launch it? If not to delay the project..
Dopi
Remark
Top 20
Watch Zijin drop the proceedings at the last minute.
Bin59
Regular
The way I read it, if you don’t reply the arbitration just goes ahead without you or your input, with just one arbitrator. Better that they replied imo - as I understand it they can’t just say there is no contract with Jin Cheng so therefore no need to reply to the request for arbitration.
iccwbo.org
Arbitration - ICC - International Chamber of Commerce
With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.
iccwbo.org
My thinking as well . Zijin thinking they could bully AVZ . AVZ again have basically told Z to go fuck themselves and if they want a fight then bring it on . Z are full of shit and will surrender at the 11 hour . IMO
Mr Inappropriate
Regular
That’s how I interpreted it…
thorgin
Regular
The way I read it, if you don’t reply the arbitration just goes ahead without you or your input, with just one arbitrator. Better that they replied imo - as I understand it they can’t just say there is no contract with Jin Cheng so therefore no need to reply to the request for arbitration.
Arbitration - ICC - International Chamber of Commerce
With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.
View attachment 9582
Geico must pay $5.2 million to woman who got HPV from sex in man's insured car, court rules
An arbitrator and trial court have already sided with the Missouri woman, and the insurance company has "no right to relitigate those issues," according to the appeals court.
www.nbcnews.com
"Geico must pay $5.2 million to woman who got HPV from sex in man's insured car, court rules
An arbitrator and trial court have already sided with the Missouri woman, and the insurance company has "no right to relitigate those issues," according to the appeals court."Apparently this happened because Geico didn't bother to turn up to arbitration.
DiscoDanNZ
Regular
Friday night legal ease readingIMO: AVZ is doing the right thing by agreeing to arbitration and wanting 3 arbitrators, let the dodgy pricks hang themselves at the ICC. I hope NF attends in person and just sits there the whole time with that same look on his face that Miljew uses as his avatar over on the crapper.
Basically AVZ is doing this to Zin and Jin:
In regards to the mining rights/legal issues being the reason for the suspension, it definitely reads as: The suspension is solely in place due to whatever is going on or delaying the finalisation and official full sign off on the ML. The ICC arbitration side of it doesn't have anything to do with the suspension and AVZ are prepared to come out of suspension once this is sorted out regardless of what is happening in regards to the arbitration (which is a big vote of confidence from the BOD/a giant massive middle finger to Zin and Jin).
AIMHO and gamble responsibly.
Here's Nige leaving the ICC and making his way down The Champs-Élysées after we win at the ICC (I just really love this gif now)
Retrobyte
Hates a beer
Business as usual. People have been busy. This is great to seeBit of light reading for a Friday night - just released on HC, the inaugural AVZ Sustainability Report, 85 pages
Sammy_da_Smile
Regular
Unexpected, but great to see!!Bit of light reading for a Friday night - just released on HC, the inaugural AVZ Sustainability Report, 85 pages
cruiser51
Top 20
The Company advises that as at the date of this announcement:
• the subject of the initial trading halt request remains incomplete;
• there is no change to the anticipated timeframe for the completion of the subject of the initial trading halt request (on or before 1 July 2022); and
• the Company is not aware of any other information necessary to inform the market about the voluntary suspension.
In other words......
Your guess is as good as mine.
I am sorry, that is the only sane conclusion I can make based on this market release and will consider the rest as funfluff.
One thing for me is sure....
I can go ahead with preparing my tax return and can reasonably assume, that AVZ status will not change before 30/6/2022.
Enjoy your weekend.
cruiser51
Top 20
Oh Really,Do the DRC government realise how useless they look?
What are they going to do? wait for the ICC to say yeah Cominiere officials were corrupt and so too were the courts in the DRC? their own IGF gov watchdog has already spelled it out, "guilty" was the verdict ffs
then what? the DRC gov will say oh, we can't back up our own laws but now that an international court has ruled against our very own government officials and members in our courts we will choose to turn a blind eye to it or we will implement justice by sacking those Cominiere officials involved and all court members, then we'll weed out Cong who has links to how many in the DRC? AJN for one, then what? then how far down the rabbit hole do they go?
Now think laterally and you'll see we are now in fact going to a court in France to defend the interests of the DRC people because the DRC government are totally fucking incompetent and unwilling...wtaf
ugly, messy and not a good look going forward unless the DRC gov are working extremely hard in the back ground to bring justice on this as well. If the DRC gov are not working hard to bring justice on this after the ICC rule in our favour and the IGF said Cominiere and Zijin are "guilty" then I have no bloody words, seriously
Now add the fact it looks like they are going to let us trade on the 1st if we have the ML, and they've told us we should have the CATH $240m by then too...so we are going to sell the 24% without any ruling whatsoever over Zijin or Dathomir and open trading....fuk me sideways
Just the holdup on the ML alone with zero explanation after being told "within days" is enough to say wtf, but add all this and come on boys, management have not solved a fucking thing and the DRC government are absolutely fucking beyond incompetent
excuse my french, or congolese, but I had to let it out with the rose coloured glasses off, sorry
/end rant
ok show me $2 now pls fuk
Not once was the name CATH mentioned in this announcement.
If you saw anywhere CATH in this announcement, please tell me where, because I can not find it.
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