AVZ Discussion 2022

[mouseflying]

First Quantum exits DRC with $1.25-billion settlement

Copper miner settles claims with new owner of projects, government after assets nationalized

www.theglobeandmail.com

Case study - First quantum exist drc with 1.25B.

"First Quantum took the matter to international arbitration, including the government's sale of the asset to a company controlled by Israeli mining entrepreneur Dan Gertler, who later sold it to ENRC.

First Quantum then launched $2-billion in legal claims against ENRC, accusing the company of plotting with the government to expropriate the project. The dispute was headed for trial until settlement negotiations began late last year.


The $1.25-billion payment as part of the agreement with ENRC includes $750-million when the deal closes at the end of next month and a $500-million three-year promissory note."


According to RS, if this happens, nigel will ask for 10 Billion

 

[llhtom]

@Sammy_da_Smile @Charbella 8196 - not the bombshell i was hoping for, but the timeline currently:

Dathcom submits application to CAMI to relinquish North on April 1.
Ministerial decree 'expedited' and awareded April 22.

Looking for correspondence around March/April where there is direct request to relinquish the north for awarding the ML on the south.

View attachment 30072 View attachment 30073

So, it was renounced. Seems like Nigel likes to BS and claimed that we haven't handed the Northern section back....

 

[obe wan]

@Sammy_da_Smile @Charbella 8196 - not the bombshell i was hoping for, but the timeline currently:

Dathcom submits application to CAMI to relinquish North on April 1.
Ministerial decree 'expedited' and awareded April 22.

Looking for correspondence around March/April where there is direct request to relinquish the north for awarding the ML on the south.

View attachment 30072 View attachment 30073

Thanks @9cardomaha

The point of interest is marked below i.e. Partielle ...English Partial ; so, it was only Partial Waiver so yes, AVZ should still be holding the Exploration rights for the North and DG of CAMI shouldn't have been taking new applications the filthy dog

 

[llhtom]

Thanks @9cardomaha

The point of interest is marked below i.e. Partielle ...English Partial ; so, it was only Partial Waiver so yes, AVZ should still be holding the Exploration rights for the North and DG of CAMI shouldn't have been taking new applications the filthy dog

View attachment 30081

Thanks for the explanation. I haven't thought that far. So they partially renounced it to keep the north section as exploration and hoping to obtain the exploitation licence for the south?

 

[Samus]

Thanks @9cardomaha

The point of interest is marked below i.e. Partielle ...English Partial ; so, it was only Partial Waiver so yes, AVZ should still be holding the Exploration rights for the North and DG of CAMI shouldn't have been taking new applications the filthy dog

View attachment 30081

Could not this also be interpreted as partial waiver of tenement 13359?
Meaning the Northern section.

 

[obe wan]

Could not this also be interpreted as partial waiver of tenement 13359?
Meaning the Northern section.

Yes you are probably right based on the second sheet, partial renounce / waiver of 13359 ...82 Carries.

@9cardomaha do you know if there's any more sheets to this document?

 

[Sammy_da_Smile]

@Sammy_da_Smile @Charbella 8196 - not the bombshell i was hoping for, but the timeline currently:

Dathcom submits application to CAMI to relinquish North on April 1.
Ministerial decree 'expedited' and awareded April 22.

Looking for correspondence around March/April where there is direct request to relinquish the north for awarding the ML on the south.

View attachment 30072 View attachment 30073

Awesome thanks mate!

 

[Samus]

Yes you are probably right based on the second sheet, partial renounce / waiver of 13359 ...82 Carries.

@9cardomaha do you know if there's any more sheets to this document?

View attachment 30083

We really need to see the application document that management filled out and signed. Stating what they actually agreed to.
With AJN involved and Nigel's holding it all smells a bit fishy.

 

[9cardomaha]

Yes you are probably right based on the second sheet, partial renounce / waiver of 13359 ...82 Carries.

@9cardomaha do you know if there's any more sheets to this document?

View attachment 30083

Not sure if there are meant to be more pages, only have the two here i was hoping it'd be the smoking gun implicating the MOM/MOP requesting for the trade...

Another point I didn't convey before is that the Ministerial decrees also came out in the same order.

1. First 00080 approving the split
2. then 000145 awarding ML

 

[obe wan]

Yes you are probably right based on the second sheet, partial renounce / waiver of 13359 ...82 Carries.

@9cardomaha do you know if there's any more sheets to this document?

View attachment 30083

Someone put up a couple of pages out of the DRC mining code a few days ago, I can't remember who, but waivering was basically stripping of all rights, Partial waiver was pulling back of in our case the decree / Mining license but retention of exploration rights.

maybe this was the angle DG Cami took, I.e. ye big fella , partial waiver means a part of the tenement gets renounced ; where as Nigel and co may have being thinking ( you'd of hoped they'd checked ) partial just means as per the code that the ML rights come off , but Exploration rights are retained i.e as explained within the announcement when the decree popped out.

You would think that there would be another term sheet for actually fully renouncing as section of a tenement, as opposed to just calling it partial renounce and avoiding such confusion.

 

[9cardomaha]

We really need to see the application document that management filled out and signed.
With AJN involved and Nigel's holding it all smells a bit fishy.

The application from Dathcom requestin the Ministerial decrees right? Those cogs are turning.

Also following a line on AJN's applications for northern tenement at this time.

 

[Strongman]

Someone put up a couple of pages out of the DRC mining code a few days ago, I can't remember who, but waivering was basically stripping of all rights, Partial waiver was pulling back of in our case the decree / Mining license but retention of exploration rights.

maybe this was the angle DG Cami took, I.e. ye big fella , partial waiver means a part of the tenement gets renounced ; where as Nigel and co may have being thinking ( you'd of hoped they'd checked ) partial just means as per the code that the ML rights come off , but Exploration rights are retained i.e as explained within the announcement when the decree popped out.

You would think that there would be another term sheet for actually fully renouncing as section of a tenement, as opposed to just calling it partial renounce and avoiding such confusion.

Surely AVZ would have checked this before signing. Looking at the document then considering what was at stake it seems highly improbable that Nigel would have signed off on this before checking it out to the nth degree

 

[Samus]

The application from Dathcom requestin the Ministerial decrees right? Those cogs are turning.

Also following a line on AJN's applications for northern tenement at this time.

Yes apparently Dathcom reqested and submitted an application for the split. Buggered if I can remember where this was stated, maybe someone else can? I think it was recent.

 

[Mr Inappropriate]

Someone put up a couple of pages out of the DRC mining code a few days ago, I can't remember who, but waivering was basically stripping of all rights, Partial waiver was pulling back of in our case the decree / Mining license but retention of exploration rights.

maybe this was the angle DG Cami took, I.e. ye big fella , partial waiver means a part of the tenement gets renounced ; where as Nigel and co may have being thinking ( you'd of hoped they'd checked ) partial just means as per the code that the ML rights come off , but Exploration rights are retained i.e as explained within the announcement when the decree popped out.

You would think that there would be another term sheet for actually fully renouncing as section of a tenement, as opposed to just calling it partial renounce and avoiding such confusion.

It might be my post you’re referring to - it included extracts from both the mining code and the mining regs in relation to relinquishment.

AVZ Discussion 2022

Yeah I agree. I will do that. I'm still fiddling with it trying to get it better optimised for mobile. Also working on something else. 😉 It's brilliant mate! 🍻 Our leaders, our evils. It is more than urgent for the Head of State @fatshii13 to be able to get personally involved in this file...

thestockexchange.com.au

 

[Sammy_da_Smile]

My understanding is that they required document 8196 to renounce the northern section so that they could have a PE southern and PR northern.

Unfortunately, it is my guess they were told they would have first right to reapply for it as a PR. Obviously that didn't happen.

 

[9cardomaha]

My understanding is that they required document 8196 to renounce the northern section so that they could have a PE southern and PR northern.

Unfortunately, it is my guess they were told they would have first right to reapply for it as a PR. Obviously that didn't happen.

This is 'astute'.

 

[Spikerama]

What about if we had something like this?

ICC Arbitration Jin Cheng vs AVZ

 

[Carlos Danger]

@Sammy_da_Smile @Charbella 8196 - not the bombshell i was hoping for, but the timeline currently:

Dathcom submits application to CAMI to relinquish North on April 1.
Ministerial decree 'expedited' and awareded April 22.

Looking for correspondence around March/April where there is direct request to relinquish the north for awarding the ML on the south.

View attachment 30072 View attachment 30073

 

[Sammy_da_Smile]

‘Told’ yes …… jigsaw piece …where is it written

View attachment 30090
View attachment 30091

Oh 8196 is just a fishing licence. We are all good

 

[Mr Inappropriate]

Oh 8196 is just a fishing licence. We are all good

View attachment 30093

You saw ”fishing” but missed the “Female Shirt Data”? How is that a thing?

edit: u also missed “be passionate“ and “hyper beard”. These translations are quite interesting…