AVZ Discussion 2022
- Thread starter GazDix
- Start date
BRICK
Regular
I think maybe its different?. Feels like last night or last 24 hours they got served.
Same same I’d say. It’s about who holds what shares IMO
Sammy_da_Smile
Regular
So Jin is actually claiming the 15% we acquired to go to 75%? Is that what I'm reading in the ann?
yeowiepower
Emerged
Relieved this is going into suspension. Too much ambiguity in the air and so far Zijin has released minimal information on their case (in English at least).
Ill play devils advocate, there are two sides to every story and the truth usually lies somewhere in between. At least the ICC is located in Paris and not the DRC so would therefore be independent and unbiased to 'lobbying'. From what I understand Nigel and co are supremely confident somewhat of a relief.
On the plus side I can now take a mental break from all these shenanigans for a while. Unnecessary anxiety to say the least.
Big thanks to all the AVZ internet sleuths for finding these gems of information floating around.
Good luck to all holders!
Ill play devils advocate, there are two sides to every story and the truth usually lies somewhere in between. At least the ICC is located in Paris and not the DRC so would therefore be independent and unbiased to 'lobbying'. From what I understand Nigel and co are supremely confident somewhat of a relief.
On the plus side I can now take a mental break from all these shenanigans for a while. Unnecessary anxiety to say the least.
Big thanks to all the AVZ internet sleuths for finding these gems of information floating around.
Good luck to all holders!
God speed for a full recovery DAZ, get well soon brother !!
BRICK
Regular
Now you can at least switch off your phone and rest!
Azzler
Top 20
The voluntary suspension is requested in connection with the finalisation and release of an
announcement in relation to its mining and exploration rights for the Manono Lithium and Tin
Project.
Note that the suspention is VOLUNTARY and is in relation to IT'S MINING AND EXPLORATION RIGHTS.
It's an extention to the halt we got on Monday about the mining licence, not about the arbitration.
announcement in relation to its mining and exploration rights for the Manono Lithium and Tin
Project.
Note that the suspention is VOLUNTARY and is in relation to IT'S MINING AND EXPLORATION RIGHTS.
It's an extention to the halt we got on Monday about the mining licence, not about the arbitration.
DiscoDanNZ
Regular
Yes but its in relation to RIGHTS, Zinjin is claiming they have rights hence the ICC case
The Fox
Regular
Important to remember this is only a request to enter into Arbitration. No doubt AVZ will be working all Government connections to secure / ensure their shareholder rights are protected / upheld during the suspension time. There is a chance ML will still be issued and recorded on CAMI during this time as expected.
Z is just trying to pressure AVZ into allowing them on the Board and recognised on the Share registry and of course be acknowledged publically as a participant, obviously AVZ is not doing that presently.
I'd prefer AVZ should go after Cominiere for breaching the pre-emptive rights within the Share Holders Agreement, and head to Arbitration or Court on the partly paid share purchase transaction with Z. (I appreciate that its not ideal to take on a Gov entity, but they have stolen / ignored our rights to the additional 15%)
If this gets sorted at the higher levels of The DRC Government and they intervene due to AVZ pressure, Public Opinion pressure, NGO pressure, then there is no need to enter into any conversation with Z and certainly not arbitration to recognise them as shareholders.
Glad for the suspension !!
The Fox
Z is just trying to pressure AVZ into allowing them on the Board and recognised on the Share registry and of course be acknowledged publically as a participant, obviously AVZ is not doing that presently.
I'd prefer AVZ should go after Cominiere for breaching the pre-emptive rights within the Share Holders Agreement, and head to Arbitration or Court on the partly paid share purchase transaction with Z. (I appreciate that its not ideal to take on a Gov entity, but they have stolen / ignored our rights to the additional 15%)
If this gets sorted at the higher levels of The DRC Government and they intervene due to AVZ pressure, Public Opinion pressure, NGO pressure, then there is no need to enter into any conversation with Z and certainly not arbitration to recognise them as shareholders.
Glad for the suspension !!
The Fox
Fletch77
Regular
Yes absolutely everyone on here would be happy with the suspension I would think..
With our perception of how the Chinese “don’t compete“ in big projects like this, it would be good to test them out at least with an alternative deal on the side with another non Chinese company ready to tell CATH.. Sorry but we aren’t prepared to go ahead with the JV if those Z pricks are going to be in the mix. We have offtake and funding from a more trustworthy Company.
Surely if CATH are not at all in this in the background with Z, they would be absolutely fuming and putting pressure on the PRC to tell them to piss off or risk China missing out on the lithium mother load. It would be great to see the US and Europe work together to keep this out of Chinese hands completely.
Azzler
Top 20
This is not at all how I read it, Zinjin is disputing ownership, not rights.
Rights is a licence, and they mention specifically "mining" rights, which is something they've never had before.
They would have to get a mining licence to have that right.
Winenut
Go AVZ!
I don't think so
I think Jin is claiming the 15% of Dathcom that AVZ purports to have pre-emptive rights over
This is the 15% (of a total of 25%) that Cominiere held in Dathcom of which AVZ was supposed to pick up 15% with the remaining 10% subsequently being passed to the DRC Govt on completion of relevant transactions for the DRC Govt to then be carried freehold through the project
It seems prima facie that crooked elements within Cominiere have done a deal with Zin for personal gain and effectively sold them the 15% of Dathcom late last year in contradiction to the Dathcom shareholders Agreement (which AVZ is relying on to prove they had the pre-emptive right to take up that 15%)
This I believe is what the arbitration is about
We are stuck in the middle ....its a clusterfuck dodgy deal between Cominiere and Zin and in reality the DRC Govt needs to fucking wade in and crack some fucking heads at Cominiere
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Still think its vapour ?
Folks have invested shit loads into AVZ for a better future, a better future for the DRC and the WORLD too, Zijin intruding on AVZ good work and reputation is not VAPOUR............its CRIMINAL !!
imo
Samus
Top 20
Could be a drawn out suspension depending how things play out. Is it possible we still see relevant Ann's in the meantime? I'm not well enough versed in a suspension situation to know.
You'd imagine that CATH are squarely on side of zijin with this, can't afford to think like a westerner on that front imo.
Always wondered why it was a one step removed entity of CATL myself.
Haven't heard boo from the picks.
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