AVZ Discussion 2022

[JAG]

Thankfully the AVZ situation in the DRC is not as dire as the outcome of the opening round of the AFL.....

Who got smashed? .......

 

[Dijon101]

Well SH’s its that time of week …Happy 45 weeks in suspension
Stay Positive
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How old I turned last month!

It's just the general vibe, time to celebrate

 

[John25]

How old I turned last month!

It's just the general vibe, time to celebrate

 

[Samus]

Translation:
Sama Lukonde is parading the corrupt MoP around like prize turkey.

 

[Spikerama]

Folks I've updated the ICC Countdown to reflect the stated date of 19th April.

ICC International Court of Arbitration / Zijin vs AVZ Countdown

Shows the remaining days until the cheaters & liars & true law abiders are revealed to the world.

icc-zijin-vs-avz-corruption-countdown.netlify.app

 

[MoneyBags1348]

Any truth in this?

Also tell people that the current PCA of the cominière is the son of M.Tshisekedi @fatshi13 , I quote Antony Tshisekedi.

You don't say anything there.

Just started a ‘Thread’ on Cong this morning…. Only three posts of information so far and might be a bit too much reading for some, but the third post mentions how Felix’s children like to party at Cong’s hotel (last two paragraphs)

It’s starting to appear that corruption in the DRC still goes all the way to the top

 

[Spikerama]

Just started a ‘Thread’ on Cong this morning…. Only three posts of information so far and might be a bit too much reading for some, but the third post mentions how Felix’s children like to party at Cong’s hotel (last two paragraphs)

It’s starting to appear that corruption in the DRC still goes all the way to the top

Bags who was the guy who works in the same building as Mupande who got caught on camera soliciting bribes for favourable mining contracts? He wen't to jail for 5 mins and was released

Was it Vidiye Tshimanga?

 

[wombat74]

With regards to the Legal Proceedings / ICC .

"This action does not impact the award of ML nor our ability to progress funding and development of the project." Ben Cohen Dec 2022.

A few things to consider if this sh1t shows continues : December elections / MoM / Finances / Delisting / Trading again without the ML .

So what of these so called Negotiations . Are they really happening ?

 

[MoneyBags1348]

Bags who was the guy who works in the same building as Mupande who got caught on camera soliciting bribes for favourable mining contracts? He wen't to jail for 5 mins and was released

Was it Vidiye Tshimanga?

Yes, page 1 on ‘Corruption’ thread

 

[CHB]

Legit question.

How long before people start calling Felix out as corrupt for putting up with corruption in his government?

 

[TheCount]

Legit question.

How long before people start calling Felix out as corrupt for putting up with corruption in his government?

About 45 weeks ago....
TC.

 

[Carlos Danger]

Not meaning to deflect your question, but that Dathomir bank statement posted by Carlos only shows the reversal of the 20M out of the bank account - the incoming deposit appears to be redacted.


Having Dathomir bank statement is a coup
the only person I know of who claims to have corresponded with Cong is der Giest. Just saying

That bank statement shows Dathomir received payment of 20m USD from AVZ for the 15% of Dathcom (5m for initial 5% and 15m for the other 10%) between the 16th and 25th of August 2021. Not sure why the transaction from AVZ is redacted but the balance ledger shows the funds are deposited. I got the statement from the Christian Lukusa interview in September.

Cong's argument as to why the transactions with AVZ are incomplete is that he cancelled the two binding Share Sale Purchase Agreements that he signed in June 2019 and September 2020 before he received the final payment. Which is absolute fucking nonsense. The statement proves AVZ completed their obligations for the contracts within the 36 and 12 month respective time limits. The ICC are going to lay the smack down on this clown if it actually gets that far imo

 

[Xerof]

That bank statement shows Dathomir received payment of 20m USD from AVZ for the 15% of Dathcom (5m for initial 5% and 15m for the other 10%) between the 16th and 25th of August 2021. Not sure why the transaction from AVZ is redacted but the balance ledger shows the funds are deposited. I got the statement from the Christian Lukusa interview in September.

Cong's argument as to why the transactions with AVZ are incomplete is that he cancelled the two binding Share Sale Purchase Agreements that he signed in June 2019 and September 2020 before he received the final payment. Which is absolute fucking nonsense. The statement proves AVZ completed their obligations for the contracts within the 36 and 12 month respective time limits. The ICC are going to lay the smack down on this clown if it actually gets that far imo

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Cheers mate, thanks for clarifying. Just thought der geist might be sharing his very good research with others in a non-cryptic fashion

 

[MoneyBags1348]

Cheers mate, thanks for clarifying. Just thought der geist might be sharing his very good research with others in a non-cryptic fashion

Don’t tell me you are still one of his biggest fans X

I think he got most of his information listening in when he was delivering Cong’s lunch orders…. Or is that just a cryptic way of saying he delivered brown paper bags for Cong?

Cong appears to be the real ringmaster in the DRC circus…. Felix’s kids partying at the Fleuve Hotel and now running Cominiere

It seems like the more shit we dig up, the more we seem to find Felix’s footprint’s in it…. No wonder he wanted us to back off. Plenty to think about @Spikerama

 

[wombat74]

Maybe a stupid question . If we hold an undisputed 60% and have the financial backing , why can't they issue us with the ML ? MoM has declared the Manono Project a matter of urgency .

 

[Roon]

That bank statement shows Dathomir received payment of 20m USD from AVZ for the 15% of Dathcom (5m for initial 5% and 15m for the other 10%) between the 16th and 25th of August 2021. Not sure why the transaction from AVZ is redacted but the balance ledger shows the funds are deposited. I got the statement from the Christian Lukusa interview in September.

Cong's argument as to why the transactions with AVZ are incomplete is that he cancelled the two binding Share Sale Purchase Agreements that he signed in June 2019 and September 2020 before he received the final payment. Which is absolute fucking nonsense. The statement proves AVZ completed their obligations for the contracts within the 36 and 12 month respective time limits. The ICC are going to lay the smack down on this clown if it actually gets that far imo

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Yes, Cong's argument was that he cancelled the agreement in May 2021, after he had received the initial 500k USD advance but before AVZ sent the final payment in Aug 2021. Not sure what if any provisions there were in the agreement regarding cancellation after the advance was paid, but it seems either there weren't any or AVZ feels they weren't followed, as it went ahead with the payments as outlined in the contract and within the mandated time period. I'd like to see the contract clauses, but my feeling is we should be solid on the Dathomir case.

 

[Doc]

Maybe a stupid question . If we hold an undisputed 60% and have the financial backing , why can't they issue us with the ML ? MoM has declared the Manono Project a matter of urgency .

Because rest assured they doing their best to fuck over our ‘undisputed’ 60%

 

[Xerof]

Don’t tell me you are still one of his biggest fans X

Look, I'm just a retired nun, living in the back-blocks of NZ. I have no idea who this dude is, although plenty on here don't rate him. So be it.

All I know is he was on to the irregularities of Dathomir and Zijin MONTHS before the company finally declared their 'spurious and of no merit' statements.

I did sell a few on the basis of his research, because I found it to be credible. I wish I'd sold the fucking lot. Oops, 3 Hail Mary's

 

[Winenut]

Who got smashed? .......

Each and every Blues and Tigers supporter......

 

[Misfits]

A good post by Combaste on HC


17/03/2311:54:04Post #:66821344

Dear investors, dear Dom74.
First of all I would like to thank the AVZ team for the report, which wonderfully shows the legal situation of the parties involved.
@ Dom74 your statement is unfortunately also wrong! I want to explain why.
One has to be absolutely correct/abstract about law and order to understand the situation correctly.

let's get started:

1. AVZ vs. Dathomir
AVZ currently owns 75%!
Why?
60% are safe because Cominiere and Dathomir have waived any rights in the joint venture agreement and at the same time are participants in the same joint venture. This is not contestable!
15% bought AVZ from Dathomir and are legally transferred. AVZ owns the shares! Dathomir revoked this in writing to AVZ without going to court.
AVZ has gone on the offensive and has applied to the ICC for legal confirmation so that this can no longer be contested in the future.
Nevertheless, AVZ is the legal owner of this 15%. Also until 09.2024!
It is very unlikely that Dathomir will get the 15% back. Why? With what reason? It's just a stalling tactic and they want more money.
This can run alongside further development and would not interfere, since AVZ owns it.

2. Cominière vs. Zijin Mining / Jin Cheng
I have to quote the text from the report exactly!
"Through its wholly-owned subsidiaries, AVZ has at all material times held a right of first refusal over 15% of shares in Dathcom (noting that Cominière holds a 25% interest in Dathcom to which this right of first refusal applies and Cominière must cede 10% out of its 25% interest to the DRC Government as a condition of the award of the Mining Licence for the Manono Project).On 10 September 2021, Cominière purported to conclude a Share Transfer Agreement with Jin Cheng for 15% of the shares in Dathcom. This purported sale and transfer breached AVZ’s right of first refusal, is null and void under DRC law and has not been recognised by Dathcom.Jin Cheng filed an International Chamber of Commerce arbitration claim in Paris in May 2022 against AVZ citing “an abuse of majority” and based on the arbitration clause provided in Dathcom’s Articles of Association is seeking to be recognised as a minority shareholder of Dathcom.AVZ is seeking the dismissal of Jin Cheng’s claims by the ICC’s sole arbitrator as Jin Cheng does not have the capacity to rely on the arbitration clause agreement provided by Dathcom’s Articles of Association, to which Jin Cheng is not a party.AVZ successfully obtained the bifurcation of the arbitration so the arbitrator will rule first on AVZ’s challenge of Jin Cheng’s capacity to rely on the arbitration agreement.AVZ considers it has a strong legal standing in these matters and prospects of success."

AVZ successfully split the proceedings before the ICC into two consecutive proceedings!
1. Court decision:
Can Jin Cheng even file a majority abuse lawsuit under a joint venture agreement in which they are not a party?
The arbitration clause in Dathcom's Articles of Association applies only to the parties to the joint venture agreement. This is AVZ and Cominiere! Externals have no right to it!If the rejection of the ICC is successful, there is no second procedure.
2.Court decision:
If Jin Cheng is not terminated, there will be procedure 2, which will determine whether the sale of Cominiere's 15% to Jin Cheng is legal and, more importantly, complete.

That is the correct legal situation that we have.
The mining license will be granted if the majority of shareholders and the ability to finance it are secured and DRC gets 10% from Cominiere.
This is the case. For this reason, the mining license must be considered separately.

Greetings from Germany
Combaste

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