I can only state what I was told and he was very emphatic about it. I had no cause to no believe him.By my recollection at the roadshow Nigel explained it that the money had been put into Escrow (as per the contract) but not withdrawn by Cong.
I can only state what I was told and he was very emphatic about it. I had no cause to no believe him.By my recollection at the roadshow Nigel explained it that the money had been put into Escrow (as per the contract) but not withdrawn by Cong.
"The Company is confident of a positive outcome in relation to the award of the Mining Licence pending resolution of the ICC arbitrations (refer above Cominière and Zijin Mining / Jin Cheng Dispute and Dathomir Dispute below Note 9 Contingencies)."
Hiya gang,
What do y'all think of the possability that there was meant to be a comma, or a "and the" after the word Licence in the above statement?
Meaning they are confident of a posititve outcome for the mining licence AND a positive outcome for the pending ICC cases?
We've seen piss poor proof reading in the past.
I can't imagine they would think it appropriate to communicate in this half ass half hidden manner if it were true that they became aware that there is no ML before the two ICC cases are resolved.
That would be in no way appropriate to shareholders.
I can't imagine the MoM would be ok to wait 18 more months for the resolution.
Hope the company clarifies this soon.
I believe that to be the case too SamBy my recollection at the roadshow Nigel explained it that the money had been put into Escrow (as per the contract) but not withdrawn by Cong.
New TV interview popped up a couple of hours ago with Serge. I'm going to check it out now.
I watched this in it's entirety, mostly Serge explains technical aspects of the project but at one point he mentions something along the lines that Sama Lukonde is the one who could take this for consideration at the council of ministers. Seems to me from recent photos the guy is definitely in cahoots with Adèle Kayinda Mahina as suspected and it makes more sense why our plight has still not been raised.Hi @Sammy_da_Smile , was there anything interesting or new to share from today’s interview with Serge?
Yep the same person also stated that cong had returned the money to AVZ, however the terms of the contract of sale had been completed eg. AVZ had fulfilled their requirements to purchase the additional shares. I was informed that the money that cong returned is sitting in a separate account. At the time of the AGM it was still in that account
By my recollection at the roadshow Nigel explained it that the money had been put into Escrow (as per the contract) but not withdrawn by Cong.
Here is the video of Christian Lukusa's interview. The document is shown at 20:18. I'm only basing my assumption that the money was paid into Dathomir's bank account and then reversed off this bank statement made public in an interview with AVZ's lawyer.
The name of the account being Dathomir and the amount in question being 20m USD that is labelled 'AVZ reversal' on August 27th 2021 corresponding to the redacted deposit early that month is pretty conclusive. This is the exact time that AVZ claim to have completed the transactions in official announcements.
It's likely AVZ initially paid into an escrow account and that the money was returned there by Dathomir where it still sits. I wasn't aware of there being an escrow account and it's trivial to the overall point. AVZ paid Cong how and when he stipulated in the agreements. That's why AVZ now claim good legal title to 75% ownership. Cong can cry all he wants but it's obvious that he just wants more money because the lithium price went up after he sold.
Here is the video of Christian Lukusa's interview. The document is shown at 20:18. I'm only basing my assumption that the money was paid into Dathomir's bank account and then reversed off this bank statement made public in an interview with AVZ's lawyer.
The name of the account being Dathomir and the amount in question being 20m USD that is labelled 'AVZ reversal' on August 27th 2021 corresponding to the redacted deposit early that month is pretty conclusive. This is the exact time that AVZ claim to have completed the transactions in official announcements.
It's likely AVZ initially paid into an escrow account and that the money was returned there by Dathomir where it still sits. I wasn't aware of there being an escrow account and it's trivial to the overall point. AVZ paid Cong how and when he stipulated in the agreements. That's why AVZ now claim good legal title to 75% ownership. Cong can cry all he wants but it's obvious that he just wants more money because the lithium price went up after he sold.
What’s there to say,,,,,,,When you click on that link in your post now Carlos, a YouTube clip of Mills Tshibangu comes on…. He he is one of the Twitter posters who have been criticising (if not trying to undermine) AVZ.
He is giving AVZ a right if reply via Christian Lukusa and it seems our attorney is doing a good job presenting the facts!
Getting a bit tired of watching all the translated sub titles but excellent to see Marius’s interviews being followed up by Lukusa’s
@Spikerama it looks like it would be an excellent time to post AVZ’s achievements to back up these interviews and just focus any criticism on Cominiere, Zigin and Dathomir’s illegal actions
Christian also mentioning how much money the DRC is losing every day by CAMI not granting our ML so obviously that moving graph of yours is an excellent reminder
Nice to see our representatives in the DRC doing a good job….
At the end Mills Tshibangu says the President is following this file and then Mills goes on to give praise to the MoP
A lot of people want justice, I’ll be happy if Felix gives us full ownership and the ML, but no doubt there’ll be others that won’t be happy until she goes…. Shareholder’s need to be realistic, it might not happen
Mills goes on to say that Felix wants further negotiations because he wants the DRC to get more out of it…. so hopefully we won’t get the continued winging about Nigel and the BOD when it’s obvious it’s the DRC politicians that are fucking us around
Fucken quiet in here tonight
Nice one MBMore deceptive information from tommy
I don’t know how anyone could live with someone who spends his time insinuating lies and bragging about spending nights at the Casino…. I wonder if his family know how many people’s lives he is destroying with his deceptive and misleading articles
Remember this one
View attachment 32441
Message for Felix.I’ve been thinking about this all day.
Why the massive change by the company regarding the award of the ML in relation to ICC????
Well the only thing that has changed since Nigel and Ben stated that the award of the ML is NOT dependent on the outcome of the ICC cases….
- is the reversal of the ministerial decree for the mining licence.
I cannot think of any other valid reason as to why the company has completely changed its point of view
I just wish they tell us ‘the shareholders’ exactly why?
It’s not good enough making such a statement in the financial report with no explanation.
Can you imagine if you were having a few after workies and saw this prick at the bar!?Nice one MB
Message for Tommy.
Hey Tommy, we all know you read TSE for inspiration.
You are an embarrassment to the AFR and the reason I cancelled my subscription.
If I was you, I would refrain from posting your location on FB when drinking beers out and about town pretending to live the high life.
In short, I hope you keep a light on Tommy, there's lots of nasty people out there, sticking your neck out is not wise IMO, I hope you stay safe.
Love the Fox![]()
Yes and no, given the agreement was to put it in escrow from where Dathomir would withdraw it means it's been paid by AVZ as agreed.I wasn't aware of there being an escrow account and it's trivial to the overall point.
Well said Fox! Is this why we have the date September 2024?Message for Felix.
Dear Felix, the current strategy AVZ is forced to take looks solid considering the limited cards we can play. AVZ sitting on the Manono resource and controlling interest in Dathcom, so let the ICC cases roll on if thats what you want Felix? Everyone knows you cannot just kick out AVZ, no chance.
So Felix, the ball is in your court, you can force the Chinese crooks and corrupt DRC Gov officials and CAMI officials to capitulate in favour of AVZ, or nobody wins for a long long time and AVZ wins big at the end of the day at the ICC, sitting opposite DRC lawyers sometime down the road.
So what, AVZ misses the first few years of Lithium take up, big deal, only another 30 years of massive increase and demand to follow. Take your time Felix, import lithium from Zimbabwe if you like to support your vision of a battery manufacturing nation, laugh, cough, laugh, sorry it's a reflex issue I have to bullshit. Or you can do the right thing.
How much of a dick will you look like if "your" battery manufacturing vision including supplying lithium has to come from a neighbouring country Felix?
IMO, AVZ has a siege in place around Manono. The corrupt can't starve us out, we will survive and the crooks and bad actors will fail in the end.
Every day the awareness of AVZ and their plight increases in the DRC and globally, this cluster fuck in your Government and Portfolio Companies will soon get away from you Felix and be a significant embarrassment for you, including your family ties into CAMI.
Good luck getting the votes in December Felix with the AVZ issue unresolved. How much support from the ADB, IMF, EU and US will there be for you if you let the Chinese and corrupt Ministers and Gov agents run all over an Aussie company that has done all the work at Manono?
Don't be a weak prick Felix, take a hit from internal support from corrupt Ministers and do the right thing, otherwise you will be out the gate and the US and EU will support an alternate President.
Cheers The Fox![]()
Can you imagine if you were having a few after workies and saw this prick at the bar!?
I do think if march goes by and nothing then more will start to call out Felix.
The election is important to him. Him sitting on this and letting his corrupt ministers run wild will not go well for his image when truly called out.
IMO.