Stop buying fukking Chinese wash pegs for starters, that will fukkum.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Sorry if I've confused anyone or everyone. I thought I was being positive, with over a mill shares at avg of $0.17 obviously LTH.
Rather not preach to the converted and state the obvious over and over like majority of posts I obviously failed in my contribution to anything meaningful. Some should learn from my failings.
PS 90% of intelligent posts come 5% of contributors, it's not a compition,
venting anger , tell us just don't punch your dog.
CashKing
Regular
You new here huh ??
I would say prior to a damages claim, the final drilling results, the original results of CdL and the revised BFS will be produced, to justify an eye-watering damages claim, which even Zijin will give an extremely unpleasant bitter taste in their mouth.
I do not believe that the Chinese have any intension whatsoever to build a battery plant or car factory in the DRC.
Felix better studies DRC and Chinese history, before getting too carried away..
David Krappenschitz
Regular
Best to let the dust settle for a couple days and see what more info from people comes out. I want to hear what Fox and Nellie have to say about the announcement.
Rash ‘attacks’ are never wise. Not that people doing attacks give a shit.
More info/clarity needed
Rash ‘attacks’ are never wise. Not that people doing attacks give a shit.
More info/clarity needed
AVZ are not going to mine, this in my opinion is thier last ditch effort to secure a mining licence though negotiated means prior to TO.
The two outcomes for AVZ IMO are TO without mining licence or TO with mining licence.
Rumour has it there is currently an offer on the table as the project stands, without the mining licence circa $1.50.
If we can force the Governments hand into issuing us a ML, then that price in my opinion increases to around $3.50.
Even if we don't get the ML, the price has just gone up. The DRC can influence the buyer to pay the $2.50 so the arbitration case can be dropped.
Make no mistake about it, the board are doing everything they can to maximise shareholder value and they have my full support.
In a perfect world DRC would have issued the mining licence as we all thought they would have. But most of us underestimated the corruption and the squeeze the Chinese have over the DRC. There were a few posters who rightfully recognised this risk.
The non issuance on the mining licence was and is a result of the Chinese exerting pressure through nefarious means. The Chinese have long held the belief that if we don't get the mining licence then they can just take our project for little or nothing. They've had plenty of opportunities to pay fair price for the project but that's just not how they do business. Unfortunately for them this arrogance has not served them well.
The Chinese have underestimated Nigel and our BOD and they have also underestimated the DRC.
As much as shareholders feel animosity towards DRC Government officials I believe they want to do the right thing and break away from Chinese influence, but as we know it's not easy and the Chinese will not give up without a fight. They have deep pockets and will use any means necessary to maintain influence. They are an unrivaled force in the DRC and breaking away from their stranglehold will take time, but there have been encouraging signs.
This ICSID arbitration process allows the DRC Government an opportunity to rule against Chinese wishes with limited backlash as this forum carries the weight required to go against the Chinese. I'm sure It's the decision they would have liked to have made in the first instance, a decision that would have been hard to make with the Chinese standing over you holding a gun to your head.
All my opinion (apart from the rumours)
The two outcomes for AVZ IMO are TO without mining licence or TO with mining licence.
Rumour has it there is currently an offer on the table as the project stands, without the mining licence circa $1.50.
If we can force the Governments hand into issuing us a ML, then that price in my opinion increases to around $3.50.
Even if we don't get the ML, the price has just gone up. The DRC can influence the buyer to pay the $2.50 so the arbitration case can be dropped.
Make no mistake about it, the board are doing everything they can to maximise shareholder value and they have my full support.
In a perfect world DRC would have issued the mining licence as we all thought they would have. But most of us underestimated the corruption and the squeeze the Chinese have over the DRC. There were a few posters who rightfully recognised this risk.
The non issuance on the mining licence was and is a result of the Chinese exerting pressure through nefarious means. The Chinese have long held the belief that if we don't get the mining licence then they can just take our project for little or nothing. They've had plenty of opportunities to pay fair price for the project but that's just not how they do business. Unfortunately for them this arrogance has not served them well.
The Chinese have underestimated Nigel and our BOD and they have also underestimated the DRC.
As much as shareholders feel animosity towards DRC Government officials I believe they want to do the right thing and break away from Chinese influence, but as we know it's not easy and the Chinese will not give up without a fight. They have deep pockets and will use any means necessary to maintain influence. They are an unrivaled force in the DRC and breaking away from their stranglehold will take time, but there have been encouraging signs.
This ICSID arbitration process allows the DRC Government an opportunity to rule against Chinese wishes with limited backlash as this forum carries the weight required to go against the Chinese. I'm sure It's the decision they would have liked to have made in the first instance, a decision that would have been hard to make with the Chinese standing over you holding a gun to your head.
All my opinion (apart from the rumours)
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If there was an offer on the table around 1.5 wouldn't this have been communicated to shareholders? Though it was AVZ I'm talking about i guess, it's probably immaterial and spurious
I doubt there's an offer on the table but if there is it doesn't make sense to make it public especially when the company is trying to obtain a ML.
It would make their job harder to get a ML as I doubt DRC wants to issue a ML and then have that company taken over straight away?
Don't worry, dark forces are at work.
Extremely frustrating.
I just feel very sorry for the real people of the DRC to not being able to select a real government, where the current Government doesn't know how fast to fill their pockets and treat the rest like nobodies without any value, after you use them you just dispose of them, like an empty plastic bottle.
The next government will not be any better. Craft is in the genes of the leading families of the DRC.
The system has not been any better since the DRC became independent.
The only quality of the current 'El Presidente' is that he is related and that sticks out like dog balls.
Don't forget he came to power not by an honest election.
Xi to Felix last week....
DiscoDanNZ
Regular
Well fuck, hope everyone's ok and keeping a cool head (@Winenut 
) in these times of shit fuckery. I have completely bottom drawed AVZ and struggle to find the time to even get on here when there is an announcement other than when my body clock wakes me up at 5:30am on weekends (which is a sleep in) thanks to normally getting at 4ish am for work.
Good to see the DRC circus is still going... Not. Anyone else want that $1.50 that's thrown out above? I'll take it.
I guess all I have to add is this:
) in these times of shit fuckery. I have completely bottom drawed AVZ and struggle to find the time to even get on here when there is an announcement other than when my body clock wakes me up at 5:30am on weekends (which is a sleep in) thanks to normally getting at 4ish am for work.Good to see the DRC circus is still going... Not. Anyone else want that $1.50 that's thrown out above? I'll take it.
I guess all I have to add is this:
BRICK
Top 20
all good. i got modded for mine but probably a good thing
I agree with this 100% and is exactly my thought process. It finally gives us a valid reason now to move forward and accept a TO. Not a good look from both sides when we say we are serious miners and flip it for $10B. This news has certainly rattled the trolls as they are coming out in full force.
You out when this trades again?
Samus
Top 20
If it trades again I imagine I'll be forced to hold and see if it gets back to anything like reasonable value. I'd rather lose the lot than sell for a pittance after this ordeal.
Hoping for the takeover, enough is enough then it becomes easy.
I suspect we've got many more months at least to find out either way.
The whole thing is and has been gruelling. Not my cup of tea at this point.
Hi Charbella
I understand there are a number of advantages in taking our case to the ICSID (in the USA), rather than the ICC (France), and chief amongst these are:
1. ICSID awards are final and binding, and there is no appeal mechanism, and
2. Unlike ICC awards, ICSID awards cannot be annulled in the courts of the country where the arbitration has its seat.
Cheers
F
Dijon101
Regular
All I can do is ask questions with a clear head.
Is this a last ditch hail Mary??
I'd say no.
Is this the end game ??
I'd say yes.
Is this AVZ suing the DRC??
I'd say no
I believe this is more AVZ going for arbitration against the government departments holding up the project. i.e the MoM and commiere (sp but fuck it)
AVZ affirms it's ownership of 75%
AVZ is reaffirming that it has followed the mining code in an international court.
If we believe zijin is out, this is just the next stage to get commiere out of the project as well.
Hence why both zijin and commiere are suing AVZ for $1.3b
All this confirms my imaginary uber drivers imaginary theory that the JV is dissolved and we win.
Have a fantastic long weekend everyone.
Fuck this shit show.
I still have plenty to be grateful for (like living in Australia and not being a Collingwood supporter)
Is this a last ditch hail Mary??
I'd say no.
Is this the end game ??
I'd say yes.
Is this AVZ suing the DRC??
I'd say no
I believe this is more AVZ going for arbitration against the government departments holding up the project. i.e the MoM and commiere (sp but fuck it)
AVZ affirms it's ownership of 75%
AVZ is reaffirming that it has followed the mining code in an international court.
If we believe zijin is out, this is just the next stage to get commiere out of the project as well.
Hence why both zijin and commiere are suing AVZ for $1.3b
All this confirms my imaginary uber drivers imaginary theory that the JV is dissolved and we win.
Have a fantastic long weekend everyone.
Fuck this shit show.
I still have plenty to be grateful for (like living in Australia and not being a Collingwood supporter)
Fair call by Nigel . This will at least force the DRC gov's hand . The days of turning a blind eye or pushing a false narrative have just come to an end . No more piss anting about . AVZ hold 75% legal title . 60% of which we know is recognized by the DRC gov . The ML is dead . Roche Dure / CDL is of no use to anyone staying in the ground for the next 5 years . Time has come to pay us out so we can all move on .
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