BRICK
Regular
I guess win or lose is better than limbo forever!
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Keep in mine AVZ is not the first to take the DRC Government to the international court
Cumquat Cap
Regular
This nothingness is excruciating, assume we're expecting a TIA update? Hope Nigel writes a book one day i'd love to know the backend machinations once i'm no longer invested
Remark
Top 20
Weren't we waiting for Felix to grow a back bone?
Retrobyte
Hates a beer
Yes, there are two cases where settlements were made in favour of applicants -
First Quantum - no longer operate in the DRC .... https://www.first-quantum.com/English/our-operations/default.aspx
Miminco - I can't find any record of them operating anywhere now
Winenut
Go AVZ!
So far the "backend machinations" have all involved a pineapple....
MoneyBags1348
Top 20
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.
www.lloydsbanktrade.com
MoneyBags1348
Top 20
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.www.lloydsbanktrade.com
I just sent AVZ’s story to Loyds Bank who produced the report above. I think anyone who believes we will get a takeover offer without ownership and the ML sorted is dreaming, so the only thing that will make me back off is the ML now
Last edited:
Winenut
Go AVZ!
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.www.lloydsbanktrade.com
"I’ve started my own one man war with these arseholes"
Keep fighting the good fight MB!
More power to you
MoneyBags1348
Top 20
"I’ve started my own one man war with these arseholes"
View attachment 39031
Keep fighting the good fight MB!
More power to you
That being the case mate there is absolutely no reason TBBODOT asx shouldn't release an announcement telling us exactly what's gone on and what the plan is going forward. Imo
Azzler
Top 20
Yeah this so much, agonising at times.
Well done Moneybags.
The opposition party on the DRC and the media outlets in DRC would certainly like to know about the corruption within the government.
This unfortunately now can only be solved in Washington or a takeover to avoid all the consequences of the law.
No one in the West will build a battery plant or invest with this much corruption .
New era is the new term for slavery obviously.
Yes, you both pretty much nailed it.
The recently signed MoU for a comprehensive battery chain is just an aspirational goal that the west has absolutely no intention of financing. In August 2022, when visiting the DRC the US Secretary of State called for the government to demonstrate the political will to advance democracy, combat corruption, and address the country's human rights abuses. Blinken emphasized the United States' interest in developing cooperation and investing in the DRC when corruption ends.
Currently there is no political will within the DRC government to address corruption, so it's just groundhog day every day. AVZ is backed into a corner, and has no option but to force the DRC's hand through the ICSID process.
Cheers
F
This is good news. This kind of posting always seems to end up being a last ditch attempt to stir-up shit before something happens.
Step towards action/resolution?
So what's changed your mind in the last 9 days ?lol
Since our money's gone let's go for the lose/lose/lose situation.
We lose
DRC lose
China lose
Nobody fucking wins.
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