If FIRB stopped the YIBIN deal because they had an interest in Australia's requirement for critical minerals, would they be interested in the Chinese using corruption to try and steal Manono?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
Different Government in now, although the thematic surrounding strategic minerals hasn't changed. I doubt we could do much, but I dare say they may tap their bigger stronger older brother on the shoulder an tell him that Zijin are not playing fair (USA btw)
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Need to include MoneyBags points in a previous post regarding the work AVZ have done to reach this point, it is gold. If some of the more gramatically gifted(retired) posters could create a generic letter that we could distribute widely I am sure it would be embraced by many. Possible recipients:
ACMA
Media Watch
60 Minutes
DFAT
Press Council
DRC Presidents office
F#uck the AFR!
MoM
MoP
Applicable US government agencies.
Cheers Dazz
I’ll bring a loaf of bread. Sorry it’s all I can afford with money tied up in this for so long….Sausage sizzle is on …
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Mr Inappropriate
Regular
I’ll privately share with you what I sent to the U.S state department. Not posting it here: not all eyes here are friendly.
Hemicuda
Regular
How many shareholders is there?
Remark
Top 20
I'll have mine with extra gluten please JohnThats why we are having no frills Vegan sausages
TheCount
Regular
No fucking way!! I bet the dogs eat better than that .. .. ..Thats why we are having no frills Vegan sausages
TC.
grassseeds
Regular
My perception is that the longer this problem lasts the weaker AVZ's position becomes. I feel that the DRC Govt. is now getting up steam to be reelected, and they need to shore up support even with corrupt officials. When you add the Chinese influence on the economy these factors diminish the importance of AVZ and Manono. Irrespective of AVZ's legal position ( which may be relatively strong ) the only solution i see is that AVZ needs to do deals with Dathomir and Comminiere. The strategy needs to be 51% of something is better than 75% of nothing.
Dathomir may be the easiest, and if AVZ assign their rights to Cath and they buy out Dathomir's 15% this removes one obstacle. The terms that AVZ has with Cath may include some reimbursement to AVZ on work completed to date. Cath then have 15% plus AVZ sale for 9% gives them the 24% of the project ( AVZ back to 51% ).
By isolating Comminiere with its 20 or 25% ( ? MMCS ) AVZ can remake its offer for the 10 or 15%. AVZ have then shown that in spite of corruption, they have made an attempt to finalise the shareholder issue. This gives the DRC Govt an excuse to support AVZ by overriding Comminiere if they are being obstinate. If that doesn't work they may have to accept Zijin as a partner.
The thrust of this scenario is to get the ML asap and be prepared to compromise. Without the ML AVZ is worth peanuts.
AVZ also has a number of issues to also finalise. The hydro power plant, The dismissal of the outstanding fine and gaol warrant against its Director, the collaboration agreement and the SEZ.
Even if AVZ gets past this ML situation i still see pressure being applied for a takeover of Dathcom. My impression is that Chinese interests already have a strong holding in AVZ. To counteract this block AVZ needs to get more outside support from possible US or Europe corporations.
The next couple of months will be interesting and we can only hope that shareholders get some reward for their investment.
These opinions are my own and i have not relied on any information from any other person or company. Do your own research.
Dathomir may be the easiest, and if AVZ assign their rights to Cath and they buy out Dathomir's 15% this removes one obstacle. The terms that AVZ has with Cath may include some reimbursement to AVZ on work completed to date. Cath then have 15% plus AVZ sale for 9% gives them the 24% of the project ( AVZ back to 51% ).
By isolating Comminiere with its 20 or 25% ( ? MMCS ) AVZ can remake its offer for the 10 or 15%. AVZ have then shown that in spite of corruption, they have made an attempt to finalise the shareholder issue. This gives the DRC Govt an excuse to support AVZ by overriding Comminiere if they are being obstinate. If that doesn't work they may have to accept Zijin as a partner.
The thrust of this scenario is to get the ML asap and be prepared to compromise. Without the ML AVZ is worth peanuts.
AVZ also has a number of issues to also finalise. The hydro power plant, The dismissal of the outstanding fine and gaol warrant against its Director, the collaboration agreement and the SEZ.
Even if AVZ gets past this ML situation i still see pressure being applied for a takeover of Dathcom. My impression is that Chinese interests already have a strong holding in AVZ. To counteract this block AVZ needs to get more outside support from possible US or Europe corporations.
The next couple of months will be interesting and we can only hope that shareholders get some reward for their investment.
These opinions are my own and i have not relied on any information from any other person or company. Do your own research.
Carlos Danger
Top 20
Nigel allegedly said at one of the roadshows that if the DRC government took the tenement off us then we would seek 10b in damages at the ICC
My conclusion from that is if we get shafted then the project will go ahead without us
I agree the longer we wait the weaker AVZ's position becomes
It's already taken too long which is partly the reason for the DRC now forcing our hand
There needs to be a watertight and appropriate deal done to move the project forward, AVZ trading again and the mine progressed
AVZ shareholders need a mechanism to be able to sell their stock if they so wish.....God knows we've been made to suffer enough
It is absolutely futile for AVZ to continue to hold out and rely on the law to provide the correct outcome here
The DRC has proven to the whole world that the letter of the law there means absolutely nothing and that legal rights and good legal title are concepts that are unenforceable and can simply vanish at the stroke of a corrupt ministers pen
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From what I can see ICC rulings mean fuck all and are not enforceable
You might win the case but you'll never see the money
Ok cheers . I thought that would be the case . So it's basically now or never. Court case would take years with no guarantee SH will see any money . F--k that .
Time for legal action is over.
The goal posts have been set .
Come up with an amicable solution .
You have all of the tenement to work with .
Over 100 year mine life.
At 10 mtpa Zijin and all else will make a very good profit.
Courts equate to potentially loosing rights..
Nigel and lawyers want to take the risk .... Certainly retail shareholders would not risk it.
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