‘It is regrettable that AHV caused the Manono project to be blocked. Zijin will continue to work closely with the parties concerned to advance the development of the Manono project, for the benefit of local communities in the DRC. We encourage AVZ to show greater cooperation with the other Dathcom shareholders. Said Zijin Mining's internal legal advisor.’
So Zijin asking for AVZ to show great cooperation in order to advance the development of Manono with other Dathcom shareholder whom they claim to be a part of again ; Dathomir also mentioned a number of times within this article. Dathomir nor Cominiere have zero interest in mining this thing ; they couldn’t nor would want share in the financial lifting required to get this project rolling.
Scenario - Cancelling of the decrees
Decree 1 - Cancelling the decree which AVZ allegedly renounced the north section
; this is obviously what AVZ would have wished for , this does provide the carrot for the entire 13359 tenement to fall back under exploitation licence
Decree 2 - cancelling of ML for south ; obviously this would need to happen if the North and South was to become a single tenement again , so it’s welcome ; but it’s a concern , as we are more exposed to the whole thing just getting ditched ; there’s more of a window of opportunity here for thief’s to get their hands in and snatch something.
Neither Dathomir or Zijin will want to go to ICC; ICC is not a table that these guys are happy to play at ; it’s above board . They’d highly likely lose and end up with nothing out of Manono if they attend ICC.
This cancelling of decree clearly came out of the blue ; totally leftfield , Nigel now finds himself from a -‘ imminent, wink wink’ to an oh fuck situation where the gatekeeper of the licence, MoM has canceled the decrees and instead of just issuing another to cover the lot and get us back trading again, the cancellation is basically worded that we need to get to the table and sort out shit out with the other shareholders….
Dathomir is still at 15% on many holding docs even though we’ve paid what they were entitled to under the scheme of arrangement , Zijin claiming 15% and in their latest claim that say that they
encourage AVZ to show greater cooperation with the other Dathcom shareholders. Of which they clearly claim to be one despite the video when they renounced their own interest in the project ; most likely a staged video to take some initial heat back off the situation which it was getting ; in order to rally a few more brown baggers up the ladder and sidewards before going at it again…. Which now they seem to have .
Nigel was probably at the point prior to these cancellations, where he thought that North was the area under siege and the south was under lock and key albeit still waiting for the mining rights invoice ,but we’d eventually get it under south with some direction from Felix and battle on for the North.
Cancellation of both decrees with ‘urgency’ now attached ; need to sit down with other shareholder of dathcom …
Zijin - telling us to join in on the fun and let’s discuss !
We encourage AVZ to show greater cooperation with the other Dathcom shareholders.
Dathomir name swirling around again
Cominiere obviously benefits from Zijin , whilst Cominiere seems to be making noise about 60% after all this time
AVZs ICC case starts in April … as said before they won’t want to chance that one … maybe what we’ve got here is a -
We’re all going to get around the table Nigel ; forcing the majority holder of Dathcom to come and take it out ; negotiate a deal …. MoMs decree cancellation stated ‘urgency’ ‘ holding project hostage ‘ ….. it came out of the blue …. So there’s a risk of another thunderbolt coming out of the blue and you’ll lose the lot ….., but hey … they north is back on the table
Highly likely Dathomir , Zijin and Cominiere concocted something and managed to get something down MoMs neck and this is where we are now
Fair bit of pressure if this is the case ; which when thinking into it and sparked by Zijins comments of please consider the other shareholders and the people of DRC ….
Non of these will want ICC ( April ) ; MoM - urgent …..
Agree to something now or lose it I reckon is where we are with this one ; may need to take on Zijin I reckon … Dathomir … not sure about that one , he may need some sort of payment to wash him of the JV register … Cominiere of course likely to run home sweet with a bag of cash imo
As ever , loads of typos no doubt ,no time to check , but you’ll get my drift
Anyone notice the line on the article
‘Now ZIJIN with this statement, just after the arrest of the Congolese Minister of Mines, Antoinette N'samba Kalambayi,’…