AVZ Discussion 2022

[MoneyBags1348]

From memory, Nigel said $2 would be the base minimum he'd accept - hope that's USD but who knows. Anyone else have any memories from Shareholder meetings of numbers? it's worth $4 in this context IMO but say that's gonna be tough to achieve

He said $3 - $3.50 minimum…. Too much bullshit, speculation and rumours supposedly out of the DRC on these threads for the last few weeks, not enough shareholders researching and posting facts

@Frank the big exception, keep up the great work Frank

 

[TDITD]

I thought he said 10 billion a while back.

$10 Billion was a number mentioned by BOD at the shit shows.

Never seen anyone on BOD mention that other number which is too low and insulting for me to even repeat, quite lucky I have never heard it too as I would likely have an involuntary @MoneyBags1348 reaction and cock punch them.

So I shall take what I heard from the horses mouth $10 Billion (USD - why not)

Don't lose sight of exactly what we have here, RD & CDL & never forget the tin.
A strategically and obviously geo-politically very important mammoth deposit that has the potential to control the price of spod for years to come.

$10 Billion for this is a fucking steal !! ....... in fact fuck it Zijin, I think I'll keep it

 

[MoneyBags1348]

$10 Billion was a number mentioned by BOD at the shit shows.

Never seen anyone on BOD mention that other number which is too low and insulting for me to even repeat, quite lucky I have never heard it too as I would likely have an involuntary @MoneyBags1348 reaction and cock punch them.

So I shall take what I heard from the horses mouth $10 Billion (USD - why not)

Don't lose sight of exactly what we have here, RD & CDL & never forget the tin.
A strategically and obviously geo-politically very important mammoth deposit that has the potential to control the price of spod for years to come.

$10 Billion for this is a fucking steal !! ....... in fact fuck it Zijin, I think I'll keep it

 

[CHB]

Don't be silly, no one wants the icsid. It's just a lever they're pulling as the final back up plan to close it out. Deal incoming, if they don't get a deal then they will go to ICSID but reality is, no one wants that

No one wants any of this shit. But it's reality.

Hoping you have a source that says there is an offer on the table being negotiated (preferably at $12 ).

 

[Azzler]

I'd really rather we get the ML and get back to trading.
Apparently, DRC take a fat 30% CGT of a take over.
Then we have to pay 25% tax of our dividend assuming you're up a several hundred K.

Leaving us with only just above half of the sale price.

 

[Hodlandwin69]

No one wants any of this shit. But it's reality.

Hoping you have a source that says there is an offer on the table being negotiated (preferably at $12 ).

No, no source. Just that's there's facts, and my interpretation of the facts, and I'm sure there's a vast gulf between them

 

[Samus]

I'd really rather we get the ML and get back to trading.
Apparently, DRC take a fat 30% CGT of a take over.
Then we have to pay 25% tax of our dividend assuming you're up a several hundred K.

Leaving us with only just above half of the sale price.

Management can't afford to take anything less than ATH after tax or they open themselves up to all sorts of troubles.
That's the baseline imo.

 

[Winenut]

I thought he said 10 billion a while back.

12 billion.....if Zijin is the buyer

Never forget the "fuck you" premium

 

[Winenut]

How did everyone go at the Melbourne catchup?

Good opportunity to chat with fellow investors?

Share a few ideas and get a bit of emotional support?

Hope it went well for those that attended......very good intitiative

 

[Samus]

12 billion.....if Zijin is the buyer

Never forget the "fuck you" premium

I thought it was Zijin 12b - damages. And a separate buyer $12.

 

[CHB]

How did everyone go at the Melbourne catchup?

Good opportunity to chat with fellow investors?

Share a few ideas and get a bit of emotional support?

Hope it went well for those that attended......very good intitiative

everyone was drinking tap water cause funds were frozen

 

[Flight996]

Don't be silly, no one wants the icsid. It's just a lever they're pulling as the final back up plan to close it out. Deal incoming, if they don't get a deal then they will go to ICSID but reality is, no one wants that

Mate, I am unsure why nobody wants the ICSID arbitration to proceed. Nothing has worked to date, AVZ is ignored by the DRC govt, the ICC seems a bit insipid, and the impasse remains. As we are acutely aware, the DRC govt, its agencies and the judiciary are corrupt to the core. And Chinese miners are complicit in this corruption. As a result, AVZ is cornered and faced with endless shitfuckery as it defends its ownership of Manono.

From my perspective, it's a good thing that AVZ is calling out the DRC govt and its agencies through this process. On the available evidence, particularly the IGF report, road-blocking by CAMI and arbitrary ministerial decision-making, AVZ seems to stand a good chance of a favorable outcome. While it may take a while to unfold and finalise, ICSID arbitration carries a big stick. For instance, it's awards (decisions) are binding and enforceable, and not subject to appeal in any international or domestic court. That means that the DRC and its agencies cannot appeal to a friendly domestic court if they lose, and Zijin cannot bribe its way to a favorable decision.

In addition, there is no binding precedent, which means that the DRC cannot rely on previous awards made in other cases in its defence, and also cannot rely on diplomatic immunity to avoid compliance with an award.

Having said all that, I agree with you that a negotiated settlement prior to arbitration is a strong possibility.

Cheers
F

 

[M.Bison]

Mate, I am unsure why nobody wants the ICSID arbitration to proceed. Nothing has worked to date, AVZ is ignored by the DRC govt, the ICC seems a bit insipid, and the impasse remains. As we are acutely aware, the DRC govt, its agencies and the judiciary are corrupt to the core. And Chinese miners are complicit in this corruption. As a result, AVZ is cornered and faced with endless shitfuckery as it defends its ownership of Manono.

From my perspective, it's a good thing that AVZ is calling out the DRC govt and its agencies through this process. On the available evidence, particularly the IGF report, road-blocking by CAMI and arbitrary ministerial decision-making, AVZ seems to stand a good chance of a favorable outcome. While it may take a while to unfold and finalise, ICSID arbitration carries a big stick. For instance, it's awards (decisions) are binding and enforceable, and not subject to appeal in any international or domestic court. That means that the DRC and its agencies cannot appeal to a friendly domestic court if they lose, and Zijin cannot bribe its way to a favorable decision.

In addition, there is no binding precedent, which means that the DRC cannot rely on previous awards made in other cases in its defence, and also cannot rely on diplomatic immunity to avoid compliance with an award.

Having said all that, I agree with you that a negotiated settlement prior to arbitration is a strong possibility.

Cheers
F

Probably because ICSID is going to take a long time. And although we are confident, the outcome is not guaranteed. They may also be ordered to pay back what has been spent and tell us to move on. Unlikely but who can say that won't happen.
A takeover that could yield a better result and be done within months is better than waiting years for an unknown result.
Agree that nothing has worked, and ICSID is a good move.

 

[SilentOne]

Mate, I am unsure why nobody wants the ICSID arbitration to proceed. Nothing has worked to date, AVZ is ignored by the DRC govt, the ICC seems a bit insipid, and the impasse remains. As we are acutely aware, the DRC govt, its agencies and the judiciary are corrupt to the core. And Chinese miners are complicit in this corruption. As a result, AVZ is cornered and faced with endless shitfuckery as it defends its ownership of Manono.

From my perspective, it's a good thing that AVZ is calling out the DRC govt and its agencies through this process. On the available evidence, particularly the IGF report, road-blocking by CAMI and arbitrary ministerial decision-making, AVZ seems to stand a good chance of a favorable outcome. While it may take a while to unfold and finalise, ICSID arbitration carries a big stick. For instance, it's awards (decisions) are binding and enforceable, and not subject to appeal in any international or domestic court. That means that the DRC and its agencies cannot appeal to a friendly domestic court if they lose, and Zijin cannot bribe its way to a favorable decision.

In addition, there is no binding precedent, which means that the DRC cannot rely on previous awards made in other cases in its defence, and also cannot rely on diplomatic immunity to avoid compliance with an award.

Having said all that, I agree with you that a negotiated settlement prior to arbitration is a strong possibility.

Cheers
F

Flight - Great Summary - Fully agree with your perspective

 

[David Krappenschitz]

In addition, there is no binding precedent, which means that the DRC cannot rely on previous awards made in other cases in its defence, and also cannot rely on diplomatic immunity to avoid compliance with an award.

Interesting. So would this mean that in the unlikely scenario of unfavourable ICC rulings, any ICSID ruling would override any /all of the ICC cases?

 

[Flight996]

Interesting. So would this mean that in the unlikely scenario of unfavourable ICC rulings, any ICSID ruling would override any /all of the ICC cases?

My understanding is that the ICC arbitrations involve different parties, different issues, and subsequent remedies would be different. Only the ICSID claim names the DRC government as a respondent.

Cheers
F

 

[wombat74]

Do we have any proof negotiations ever happened ? Or was it just a load of bollocks to keep punters quiet ? To get punters off the BoD's back ?

 

[John25]

Ok ok ok …it’ll be nice just too see either Nigel /Ben or John on the ground in Manono …dont want ins or outs of whats going on …maybe a few selfies near the Manono sign or with locals just too prove they’re on the ground doing fucking something in the vicinity …its not too much …is it ?????

 

[Uglybob]

Well put Flight.

Sounds like the BoD's hand has been forced because no matter what they do, Felix the Impotent refuses to come to the party or do anything about the unprecedented corruption the "worlds best BoD(tm)" are fighting. They can keep filing paperwork hoping for an outcome they have now realised may never come, or they take it to the courts. Even though it may take time, the court route does have a finite timeline so it's still likely to yield results faster than just waiting for DRC to do their thing, which has taken almost 60 weeks so far.

 

[Retrobyte]

Mate, I am unsure why nobody wants the ICSID arbitration to proceed. Nothing has worked to date, AVZ is ignored by the DRC govt, the ICC seems a bit insipid, and the impasse remains. As we are acutely aware, the DRC govt, its agencies and the judiciary are corrupt to the core. And Chinese miners are complicit in this corruption. As a result, AVZ is cornered and faced with endless shitfuckery as it defends its ownership of Manono.

Because winning against the DRC Government in an international court case will not create a very pleasant relationship with them for building a mine and processing plant in the DRC and continuing to do business in the country in the years ahead. The ICSID case is a lever, and the case won't proceed to arbitration. To do so would be the end of the line for AVZ in the DRC, win or lose.