AVZ Discussion 2022
- Thread starter GazDix
- Start date
Remember from the company's "Arbitration Proceedings Update and Interim Financial Report Clarification" in March 2023, it says:
"AVZI remains of the view that its jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI under the Dathcom Joint Venture Agreement (JVA), since it is not a party to the Dathcom JVA. An award on jurisdiction can reasonably be expected to be handed down mid-2023.
It should be noted that this does not finally determine whether the sale of shares from Cominière to Jin Cheng was effective, which will remain to be determined in separate proceedings."
The case AVZ vs Cominiere also includes broader proceedings relating to unlawful 15% transfer of Cominiere's shares in Dathcom to Zijin. This is how I understand. These proceedings would determine if the transfer is null.
Bravo！What implications would this have on the Cominiere VS MMCS case?
The ICC statement re Cominière, a DRC state company, whose actions are overseen by its MoP, must be an embarrassment for the DRC Government.
One must wonder if FT and Zijin wish to go to the end after this first verdict.
In this case 90% of court costs are allocated to Cominière.
I wonder how much money Cominière has in the kitty.
Maybe CKK has to go around his colleagues with the tin.
I saw somewhere that Jules has put a block on certain bank accounts.
Maybe the brown paper bags are still stored under the bed.
One must wonder if FT and Zijin wish to go to the end after this first verdict.
In this case 90% of court costs are allocated to Cominière.
I wonder how much money Cominière has in the kitty.
Maybe CKK has to go around his colleagues with the tin.
I saw somewhere that Jules has put a block on certain bank accounts.
Maybe the brown paper bags are still stored under the bed.
Hi Charbella
I think the MMCS vs Cominiere case is done, and outcome is pending.
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Cheers
F
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Well not much really i would of thought, MMCS dont have a case one would think, Cominiere will get a win there which is important, cause they need that to provide DRC govt their 10% share of Dathcom as per previous agreement.
imo
Xerof
Biding my Time 1971
Yeah, whilst the ICC only slapped the injunction on the JVA part of the broader case, NOT anything (directly) to do with the 15%, and NOT even a final ruling on the JVA bit, you would have to think this will not be seen as generally good news for MoP and China
Maybe:
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Yeah, whilst the ICC only slapped the injunction on the JVA part of the broader case, NOT anything (directly) to do with the 15%, and NOT even a final ruling on the JVA bit, you would have to think this will not be seen as generally good news for MoP and China
Maybe:
Winenut
Go AVZ!
How did the gigs go @Retrobyte ???
Love the photo
Nice tidy Fender Bass set up ....sweet
Got a cheeky Marshall for the lead/rhythm guitarist...noice (wonder if he matches a Gibson with that?)
Nice vintage looking kit for the drummer too. Not sure but possibly a Ludwig or Gretsch???????...mmmm
Hope it went well and you had a ball
50 covers to learn/brush up in a week!!!.....I reckon I'd be peddling a lot of root notes!!
Cheers!
Winenut
Go AVZ!
I'm not particularly into metal but geez I remember that song from when I was teenager and the single made it into my record collection
You remember singles.....those funny little 7inch things that spun around at 45 rpm.....
Interesting fact:
The lead singer from Iron Maiden Bruce Dickinson pictured above is considered a Polymath
He makes a very interesting read.....quite remarkable really
https://stpetecatalyst.com/iron-mai... Iron Maiden,metal band Iron Maiden: Polymath.
https://metalheadcommunity.com/10-reasons-why-bruce-dickinson-of-iron-maiden-is-a-great-man/
Retrobyte
Hates a beer
View attachment 35949
How did the gigs go @Retrobyte ???
Love the photo
Nice tidy Fender Bass set up ....sweet
Got a cheeky Marshall for the lead/rhythm guitarist...noice (wonder if he matches a Gibson with that?)
Nice vintage looking kit for the drummer too. Not sure but possibly a Ludwig or Gretsch???????...mmmm
Hope it went well and you had a ball
50 covers to learn/brush up in a week!!!.....I reckon I'd be peddling a lot of root notes!!
Cheers!
Both gigs went well, Wino. I have a couple of nice vintage basses but that one's a Jap Fender that doubles as a defensive weapon for pub gigs. Gat player is a Strat man - that his small rig ... on Saturday night it was Laney head + Marshall quaddy. Not the drummer's kit - that's a house kit because the load in is a bastard down a narrow flight of stairs.
At my age I'm a bit out of practice with the late night side of things, so getting home sober at 3am two nights in a row was a shock to the system. The Friday night was a 4 setter so it was a tough initiation back into gigging after a long break.
Here's a short vid from Friday night - the crowd were into it for sure ....
Frank
Top 20
Frank
Top 20
Frank
Top 20
Winenut
Go AVZ!
That's awesome!
Laying down some funky grooves there for a big white bloke!
Nice crowd too.....we play originals so get like 15 people in dingey joints, no-one dances and we get paid fuck all!!
I know what you mean at our age on the late nights and staying sober 'cause you have to drive your gear home.....ouch
I did 3 nights at the Fringe in Adelaide and it took me a bloody week to recover!!
Cheers
David Krappenschitz
Regular
Would AVZ if/when victorious in ICC cases and granted license etc. pursue compensation against Cominiere for stalling and also defamation for blatant, provable publicly-stated lies about AVZ over the last year? And if so would todays ICC ruling prompt Cominiere to ‘throw in the towel’ to avoid having to potentially pay [further] damages in future?
Great to finally see things starting to happen.
Gltah
Great to finally see things starting to happen.
Gltah
Azzler
Top 20
My opinion is Cominiere/CKK are being blackmailed (and bribed) by Zijin from their own corrupt behaviour.
We already had the phone call released, only Zijin would have done that as a threat.
So IMHO CKK and whoever else is being blackmailed by Zijin, will never give up causing trouble for AVZ, because Zijin will expose them if they don't.
And since a government minister is implicated in all this, it just makes it all the more difficult to resolve without it being obvious to the world, that the DRC government are utterly corrupt.
That IMHO is why we havent seen any decisive action yet.
It's a huge mess, and china is holding the DRC's face to the hot coals.
But as much as we want to despise china for what they're doing, it's actually the DRC who allowed this to happen.
However the DRC is a victim of it's past, so its not really their fault, change takes a long time.
It is what it is, and we chose to risk our money in this place.
It's so glareingly obvious what's going on, everyone sees it.
But it's just my opinion, who really knows man.
100%My opinion is Cominiere/CKK are being blackmailed (and bribed) by Zijin from their own corrupt behaviour.
We already had the phone call released, only Zijin would have done that as a threat.
So IMHO CKK and whoever else is being blackmailed by Zijin, will never give up causing trouble for AVZ, because Zijin will expose them if they don't.
And since a government minister is implicated in all this, it just makes it all the more difficult to resolve without it being obvious to the world, that the DRC government are utterly corrupt.
That IMHO is why we havent seen any decisive action yet.
It's a huge mess, and china is holding the DRC's face to the hot coals.
But as much as we want to despise china for what they're doing, it's actually the DRC who allowed this to happen.
However the DRC is a victim of it's past, so its not really their fault, change takes a long time.
It is what it is, and we chose to risk our money in this place.
It's so glareingly obvious what's going on, everyone sees it.
But it's just my opinion, who really knows man.
Beat me to it by a minute.
Was about to say something very similar.
Would add that Com./CKK will probably be offered immunity (if this falls our way) to spill the beans and save government face/demonstrate a clean up prior to the election.
The potentia fly in the ointment is their glorious leader's visit to the home of corruption.
Sparrowhawk12
Regular
On 24/4/23 Reuters reported :My opinion is Cominiere/CKK are being blackmailed (and bribed) by Zijin from their own corrupt behaviour.
We already had the phone call released, only Zijin would have done that as a threat.
So IMHO CKK and whoever else is being blackmailed by Zijin, will never give up causing trouble for AVZ, because Zijin will expose them if they don't.
And since a government minister is implicated in all this, it just makes it all the more difficult to resolve without it being obvious to the world, that the DRC government are utterly corrupt.
That IMHO is why we havent seen any decisive action yet.
It's a huge mess, and china is holding the DRC's face to the hot coals.
But as much as we want to despise china for what they're doing, it's actually the DRC who allowed this to happen.
However the DRC is a victim of it's past, so its not really their fault, change takes a long time.
It is what it is, and we chose to risk our money in this place.
It's so glareingly obvious what's going on, everyone sees it.
But it's just my opinion, who really knows man.
An adviser to Democratic Republic of Congo's President Felix Tshisekedi, who requested anonymity as he was not officially authorised to speak on the subject, told Reuters that the negotiations should bring "around $2 to 3 billion" to the country.
He added that Tshisekedi is expected to travel to China in the coming weeks "to seal the renewal of Chinese contracts".
Does anyone know if Felix is still going to China in May? Will Manono also be on his agenda? Hopefully he'll say "force Zijin to renegg on purported purchase of 15% from Cominiere".
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