AVZ Discussion 2022

[Carlos Danger]

Hasn't it already been established that COMINIERE's request for financing detail within 90 days is a load of bullshit and does not give them rights to terminate?

@Carlos Danger enter stage left

Anyway, as is usual in the DRC, this is not new news, it relates to events that happened months ago, and is just getting regurgitated for entertainment purposes. I see cuntLars has gone into hysteria over it on X

I’m also interested in this.

I have a vague recollection of the request being interpreted by AVZ as a nefarious means for Cominier to obtain important commercial info help inform their attack on us along with their corrupt buddies (cough #Fuckzijin).

AVZ has seemingly done everything by the letter of the law and by the contract. It would truely suck if there was a minor technical breach that was being overblown by Cominere into a reason for dissolution.

Here's Article 18.3 that CKK is citing to terminate the JVA

Here's Article 11 that 18.3 references

Here are Articles 19 and 20.8 that talk about requirements of producing documents

I haven't been able to find anything specifically about a 90 day window for producing financial records but Cominiere are most likely trying to use one of these rules as justification for the termination of the JVA

Article 19.1 includes a line about parties not being required to produce documents if it may 'affect the security and/or efficiency of the operations of Dathcom'. It's possible management are using this as their reasoning for why they didn't have to give Cominiere the financial records.

But considering everything about how we are financing this is on public record anyway through official announcements it seems a bit weird to me that management wouldn't have just complied with the request. Regardless of why AVZ didn't provide the documents Article 11 clearly states that only the ICC can settle disputes within the JVA. Not some back alley brown paper bag courts in the DRC.

 

[Mr Inappropriate]

I'd hate to get anyone's hopes up prematurely but I just read this...

FMD our situation is amazing. The roller-coaster metaphor does no justice to our ever-changing real world emotions.

I hope everyone is ok.

 

[Carlos Danger]

suggest you all settle down and leave to the board to do their job and bring these matters to satisfactory conclusion

It's not like we have a choice

 

[eqtrade]

IMO, AVZ should not negotiate with Z and Cominiere from now on to ICC. It's their another tactic to delay ICC one more time. They would request ICC for delay because we agree to sit down for negotiation, then nothing can be agreed. Can't be fooled any more.

 

[Mr Inappropriate]

Here's Article 18.3 that CKK is citing to terminate the JVA

View attachment 43064

Here's Article 11 that 18.3 references

View attachment 43060
View attachment 43061

Here are Articles 19 and 20.8 that talk about requirements of producing documents

View attachment 43062
View attachment 43063

I haven't been able to find anything specifically about a 90 day window for producing financial records but Cominiere are most likely trying to use one of these rules as justification for the termination of the JVA

Article 19.1 includes a line about parties not being required to produce documents if it may 'affect the security and/or efficiency of the operations of Dathcom'. It's possible management are using this as their reasoning for why they didn't have to give Cominiere the financial records.

But considering everything about how we are financing this is on public record anyway through official announcements it seems a bit weird to me that management wouldn't have just complied with the request. Regardless of why AVZ didn't provide the documents Article 11 clearly states that only the ICC can settle disputes within the JVA. Not some back alley brown paper bag courts in the DRC.

View attachment 43066

Good work as usual, @Carlos Danger - they are the clauses in question. I feel better reading those again as Cominier’s actions were seemingly unilateral i.e. no invocation of the Arbitrage arrangements from 11.1.

 

[wombat74]

I'd hate to get anyone's hopes up prematurely but I just read this...

Another chain puller ?

 

[Mr Inappropriate]

IMO, AVZ should not negotiate with Z and Cominiere from now on to ICC. It's their another tactic to delay ICC one more time. They would request ICC for delay because we agree to sit down for negotiation, then nothing can be agreed. Can't be fooled any more.

Sidenote: Bush’s actual quote was “There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."

 

[geo_au]

Why don't you pay attention to what some of us are trying to do here - dispel every shred of utter crap being put on SM by detractors and criminal players. If it's left to fester in the minds of the gullible, they will eventually get their way.

I do and dismiss the crap while others take it as gospel resulting in depression. That is the point I was making. Simple.

 

[geo_au]

It's not like we have a choice

When we invest we no choice but to leave it in the hands of our competent board. We can speculate till the cows come home but they know more than any of us so get behind them.

 

[wombat74]

Can we go back to talking about how big the settlement is going to be .

$2.50 AU

 

[geo_au]

It's not like we have a choice

We do by ignoring the crap and getting on with our lives.

 

[Point Piper Dealer]

Geo_au you mentioned on HC that the board are all in the DRC, where did you hear that from?

 

[kron]

Another chain puller ?

Perhaps. His Twitter info showed he's a journalist which is why I posted.

 

[Flexi]

"B" (but I hope its "A")

 

[Frank]

FMD our situation is amazing. The roller-coaster metaphor does no justice to our ever-changing real world emotions.

I hope everyone is ok.

 

[MoneyBags1348]

Lyrics by Joni Mitchell and Wombat

And the seasons, they go round and round
And the painted ponies go up and down
We're captive on the carousel of c--ts
We can't return, we can only look
Behind, from where we came
And go round and round and round, in the circle jerk

Wombles I think you should just stick to letting Joni Mitchell right her own lyrics, and for the record the TO anchor offer was set by @Winenut at $12 and that excluded the premium offer for fuckzijin.

What I find suspect is why j.l decided to throw in an article by geopolismagazine.net that is over 6 weeks old to try and scare investors. Looks like it’s worked on some

That same magazine released several articles backing Guy Loando Mboyo who we know is sus, own’s a tenement just north of CDL (through his company Widal Mining), was nominated to be on AVZ’s BOD by Dathomir, has links to Mupande, Cong, David Du Wei, Cominiere and a number of Chinese companies and has been rumoured several times to be conspiring against AVZ.

I appreciate @Carlos Danger continuing to add facts, that’s what it’s all about after all.

@Spikerama in regards to your comment earlier today, I have put something together you can give to your media outlets should the need arise ahead of the DRC - AFRICA Battery Metals 2023 event (already translated into French by a friend of mine)

 

[Azzler]

Geo_au you mentioned on HC that the board are all in the DRC, where did you hear that from?

I think it's past the point where it matters, but still I think it's wise for the moment not to advertise publicly the whereabouts of Nige or the BoD.
Use PMs if you want to ask someone.

 

[Xerof]

Perhaps. His Twitter info showed he's a journalist which is why I posted.

Yes, but only crickets since he posted.

Another example of this site questioning all the bullshit put on SM, so the gullible don't get depressed, eh @geo_au


@MoneyBags1348 re the geopolitics article, it was fuck'n Jens who posted that, 6 weeks after we had already been there and sorted that shit out.

I pointed this out to him - fuck'n crickets as usual


I think the DRC news flows run like a talk-back radio station - they have a loop that delays the live action - in their case it seems to be about 6 weeks

 

[Frank]

IMO, AVZ should not negotiate with Z and Cominiere from now on to ICC. It's their another tactic to delay ICC one more time. They would request ICC for delay because we agree to sit down for negotiation, then nothing can be agreed. Can't be fooled any more.

 

[BEISHA]

Here's Article 18.3 that CKK is citing to terminate the JVA

View attachment 43064

Here's Article 11 that 18.3 references

View attachment 43060
View attachment 43061

Here are Articles 19 and 20.8 that talk about requirements of producing documents

View attachment 43062
View attachment 43063

I haven't been able to find anything specifically about a 90 day window for producing financial records but Cominiere are most likely trying to use one of these rules as justification for the termination of the JVA

Article 19.1 includes a line about parties not being required to produce documents if it may 'affect the security and/or efficiency of the operations of Dathcom'. It's possible management are using this as their reasoning for why they didn't have to give Cominiere the financial records.

But considering everything about how we are financing this is on public record anyway through official announcements it seems a bit weird to me that management wouldn't have just complied with the request. Regardless of why AVZ didn't provide the documents Article 11 clearly states that only the ICC can settle disputes within the JVA. Not some back alley brown paper bag courts in the DRC.

View attachment 43066

Article 18.3 TERMINATION BY COMINIERE SA

a) In the event of serious and persistent non performance of this contract by AVZ, Cominiere SA will give it formal notice to perform.


No need to look at any other clause but the one above.

AVZ received 3 favourable opinions to be awarded the ML, got to the ML decree stage, was waiting to pay surface rights then the rug was pulled from under them by members of Cominiere SA and ML decree was rescinded......nothing AVZ could do but wait....and wait........and wait, 15 months and counting !!

That contract should be in reverse, AVZ should have the right to give formal notice to Cominiere SA for serious and persistant non performance !!

RD mine should have been nearly constructed by now, production " imminent ".

Cominiere SA are sole responsible for millions upon millions of dollars a day DRC coffers are missing out on due to their corrupt activities, its clear as day, IGF report confirms................yet FT is only interested in getting re elected....

Its completely fucked up !!

Cominiere / Zijin havnt got a hope in hell of winning ICC arbitration / ISCID

Even a dumb tradie like me can see that.

Yet the muppet show continues.........