AVZ Discussion 2022

[DiscoDanNZ]

So does this mean trading resumes today?

God I hope not but it does appear that it will

EDIT: Showing as suspended on Commsecc

 

[Azzler]

Dayum, that's a firm "Go f%@k yourselves." by AVZ.
Nice.

 

[CHB]

I don't think we would trade until it's resolved but I could be wrong.

I can't see the mine progressing until this is over. This could be months to resolve..years? Not sure.

 

[Retrobyte]

Just got an email advising my order has been purged - we are suspended

 

[CHB]

Dayum, that's a firm "Go f%@k yourselves." by AVZ.
Nice.

Zijin seem confident though.


I wonder if one view to take is that they tie AVZ up in courts so we can't progress the project, then Felix gets voted out and the china puppets install someone who will grant them the mine..

 

[Doc]

And now we wait

 

[DiscoDanNZ]

My concern with the wording of the arbitration announcement is this: "AVZ has received a request for arbitration ... from Jin".

That means is Jin taking us to arbitration, meaning they obviously think they have a decent case.

 

[CHB]

My concern with the wording of the arbitration announcement is this: "AVZ has received a request for arbitration ... from Jin".

That means is Jin taking us to arbitration, meaning they obviously think they have a decent case.

Exactly

Very confident or want to tie us up

 

[Sammy_da_Smile]

My concern with the wording of the arbitration announcement is this: "AVZ has received a request for arbitration ... from Jin".

That means is Jin taking us to arbitration, meaning they obviously think they have a decent case.

Yes they are demanding to be recognised as a shareholder at 15% is my view.

 

[investinvest]

My concern with the wording of the arbitration announcement is this: "AVZ has received a request for arbitration ... from Jin".

That means is Jin taking us to arbitration, meaning they obviously think they have a decent case.

Even if Jin Cheng does't have a legal case to make they would still do it anyway as they have the cash to burn and would make it as difficult as possible for AVZ to proceed and create more bad press going ahead. Spiteful

 

[Doc]

Ok that’s the 15% zijin saying they bought from COM but what about the 75% that zijin are stating we don’t own all of?

 

[CHB]

Arbitration - ICC - International Chamber of Commerce

Our experience, rigorous approach, efficient processes, and innovative rules have made us the world’s leading arbitral institution. With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.

iccwbo.org

 

[Doc]

At the end of the day isn’t this really zijin vs DRC? We didn’t actually own the 15% being disputed, it’s a legality issues between them. We just piggy in the middle

 

[BRICK]

Just goes to show whats at stake and how important the deposit is.

What a day to go to the beach and im stuck in fucken ISO!

agggghhhh

 

[Fletch77]

I know Nigel and Co. will have their hands full, but what this now does is is give plenty of time now to get plans..

B.
C.
D.
E.
and
F. in place with either US or Europeans to become involved and cut CATH’s 24% right back or cut them out completely if this is the way they have to go.

This is disgeacreful behaviour from Z, and the DRC govt and AVZ directors might want to change plans and eliminate the Chinese all together after this bullshit

It‘s not like the world is not screaming out for high grade lithium. Enter Bosch and LG for example..

 

[Samus]

Felix needs to squash this. I guess we find out just how good our relationship with the DRC government really is.

 

[BRICK]

Does the DRC really want to be in business with these guys.
i doubt it.

 

[Misfits]

I am happy with the suspension. They will not just sit still and wait for the 20th - 9 days away. So many good things coming up and the buy - sell side is now wiped. Will the shorts get burnt and replace their orders when we come out of suspension?

I am a happy camper and see big upside once we win this battle, followed by several key announcements and the possibility shorters numbers slashed.

 

[TDITD]

Arbitration request and suspension.
Zijin are trying everything.

Let’s be honest here, if Zijin went through the proper avenues to acquire equity in the project their so called ‘holding’ wouldn’t be up for discussion.

Now they want to talk, nothing to talk about boys you guys illegally tried to backdoor into the project at the last minute.

Be nice if the authorities in DRC who we know have been investigating reverse any ‘transactions’ made between Zijin and Cominiere

 

[TheV]

At the end of the day isn’t this really zijin vs DRC? We didn’t actually own the 15% being disputed, it’s a legality issues between them. We just piggy in the middle

I read somewhere that AVZ as majority holder and has preemptive rights have to approve the transfer for it to be valid