AVZ Discussion 2022

[BEISHA]

So i can update a few for everyone.

• AVZ v Cominiere - The one initiated by AVZ to stop the dissolution of Dathcom? - Emergency Injunction awarded May 2023 validating ICC jurisdiction, timetable to be set by September 2023
• Zijin + Cominiere v AVZ - The claim by the corrupt ones for $1.6b(?) against AVZ? - Jurisdiction hearing in July 2023 (if it is allowed to go forward)
• AVZ v Dathomir - The one initiated by AVZ to tell Cong to fuck off, no sellers remorse allowed - Timetable set by August 2023
• Zijin v AVZ - Jurisdiction hearing in July where ICC tells Zijin to 'go back to China'
• MMCS v Cominiere - Rendering verdict expected to come out in August 2023
• The claim for $500m because Nigel parked in Celestine’s allocated spot? - LOL
• Nothing Else

The second part is correct, the Zijin v AVZ hearing in July is to determine whether the ICC has jurisdiction for the case given Zijin isn't a shareholder. According to JVA you can't initiate an ICC case against a JV member unless you are also a JV member.

The first part needs a small addition: Zijin didn't launch the case to validate the 15% ownership. Even if the ICC decides to hear the case, the ICC only recognizes that Zijin is a JV member but they didn't request an ICC decree or mandate to confirm.

Zijin would then have to go back to the DRC with this ICC recognition and continue the fight locally, or launch another case to validate their 15% similar to AVZ v Dathomir.

Edit: actually no they can't launch another ICC case since they aren't a JV member, so go back to DRC, use ICC as precedence and confirm that they don't have shit


If ICC rules that it does not have jurisdiction over Zijin v AVZ, this will slam the door in Zijin's face. We will likely submit to have the joint case dismissed since it's basically the AVZ v Cominiere one with Zijin included for shits and giggles.

Thanks for the information about the various cases and their respective date lines, folks just need to realise that these are just hearings atm , the time elapse between that and verdict is another matter all together, who knows how long that will take aka MMCS, which appeared to be a open and shut case, but yet here we are many months later, verdict still pending.

Its for that reason i hope ZIJIN bluff ( ROFR ) blows away before July ICC arbitration, cause a verdict may or may not happen before DRC elections, in fact no guarantee of any of the various ICC cases involving AVZ getting a verdict before then, which could mean Manono is in limbo and at the mercy of a new corrupt president if China can sway the vote as @tonster66 is alluding to in previous posts.

imo

 

[wombat74]

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

Agree 100% . It's only natural investors want to believe in a positive outcome . Management announcing on several occasions they are confident of a positive outcome does lift spirits , even with month after month whizzing by . I think that has now worn off . Plan B Nigel . Show us the money and hurry the f--k up .

 

[BEISHA]

You were hoping Felix's point of the trip to China was to get Manono started with AVZ?

Lol, come on mate. Be somewhat realistic.

Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....

China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.

We will find out soon enuff if FT is Chinas puppet or the real deal.......

Jury is out atm

 

[BEISHA]

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

100%

 

[Cumquat Cap]

Over on the other channel there was a post surmising that there has been too much bad blood between Cominiere and Zijin for $Avz to entertain a TO at this stage which has now been moderated and deleted, another poster questioned this which has also been moderated and deleted. Wondering if a TO is in fact in train and progressing behind closed doors?

 

[Mr Inappropriate]

View attachment 37416

With the exception of Z, no-one is buying out AVZ without the ML, Shirley?

#FuckZijin

 

[Cumquat Cap]

Sadly, I highly doubt it - this sucks badly

 

[Carlos Danger]

With the exception of Z, no-one is buying out AVZ without the ML, Shirley?

#FuckZijin

Apparently Twiggy thought he could do it. Would need some iron clad guarantees from the DRC government but it is possible a wild card could emerge imo

 

[Hudnut]

Iron clad guarantee? DRC?

 

[Carlos Danger]

Iron clad guarantee? DRC?

Someone has to mine it

 

[Onthefm]

Apparently Twiggy thought he could do it. Would need some iron clad guarantees from the DRC government but it is possible a wild card could emerge imo

And fairy dust , a few woodpecker lips and it would be all go.

 

[Frank]

Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....

China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.

We will find out soon enuff if FT is Chinas puppet or the real deal.......

Jury is out atm

*President Puppet on a Huawei Digital string coming to a Town / Gov Department near you

 

[Remark]

The problem with taking a million dollars from the Chinese is that 2 hours later you want another million....

Thank you, I'm here all week.

 

[CHB]

The problem with taking a million dollars from the Chinese is that 2 hours later you want another million....

Thank you, I'm here all week.

The problem with taking a million from the Chinese is...where's the other $20M that's not reported and who's pocket did it go into

 

[Hodlandwin69]

Avz management do not like Twiggy Forrest the cunt!!

 

[David Krappenschitz]

*President Puppet on a Huawei Digital string coming to a Town / Gov Department near you



View attachment 37421


View attachment 37422

View attachment 37423



View attachment 37425

Next thing will be a name change from DRC to CRC

 

[Carlos Danger]

Avz management do not like Twiggy Forrest the cunt!!

You don't have to like someone to sell them something. Twitter's board didn't like Musk but money talks. Especially when you have a duty to act in shareholders best interest.

 

[9cardomaha]

Sadly, I highly doubt it - this sucks badly

With the exception of Z, no-one is buying out AVZ without the ML, Shirley?

#FuckZijin

Its not that bad, by my estimates, someone in the Zijin camp is being escorted to CPC prison. Whoever's idea it was to claim for $850M damages in the latest bullshit circle jerk did pretty well by my counts.

I assume in Zijin's mind they could offer us 33.4m * 5 for our 75% and be done with it.

Now its 850m * 5 * Zijin's special rat-fucker premium = a bit over 42 billion, or more colloquially $12

Edit: Even without the premium we reserve for Zijin, they would be looking at 4.2 billion to buy us out at their damages calculation.

 

[Roon]

Its not that bad, by my estimates, someone in the Zijin camp is being escorted to CPC prison. Whoever's idea it was to claim for $850M damages in the latest bullshit circle jerk did pretty well by my counts.

I assume in Zijin's mind they could offer us 33.4m * 5 for our 75% and be done with it.

Now its 850m * 5 * Zijin's special rat-fucker premium = a bit over 42 billion, or more colloquially $12

Edit: Even without the premium we reserve for Zijin, they would be looking at 4.2 billion to buy us out at their damages calculation.

But in the ICC document Zijin indicated that their damages claim is based on the loss of their purchase price, the loss of future earnings and on the opportunity cost. So they weren't purely valuing AVZ at 4.2 billion - unless I read it wrong. Which also indicates that AVZ hadn't read the ICC submission, which I find surprising.

 

[Azzler]

But in the ICC document Zijin indicated that their damages claim is based on the loss of their purchase price, the loss of future earnings and on the opportunity cost. So they weren't purely valuing AVZ at 4.2 billion - unless I read it wrong. Which also indicates that AVZ hadn't read the ICC submission, which I find surprising.

That's all very ponderous, however here's what is most interesting to me...
They're sueing, saying that they're out of the game, as are Cominiere.
Loss of future earnings? that indicates neither of them are part of Manono project anymore.... I mean, right?