THE GOVERNMENT CAN NOT JUST BUTT IN AND SAY ZIJIN IS WRONG - THAT IS DICTATORSHIP
The Gov has intervened in this matter by commissioning the Inspector General Report. If a fraud has taken place (a fraud against AVZ and the DRC by the looks of things), you would think it is the DRC Governments responsibility to then appoint a prosecutor that leads this matter through the courts to seek a finding of guilt, at the very least.
Can the Z transaction only be wound back via the courts, is this the only way? I'd love to see Felix pass a presidential decree or standing order that nullifies the Z transaction, however to your point it may have to run through the courts to avoid one person appearing to have so much power, best guess but hope I'm wrong.
If you fruadulently steel or acquire something in the DRC, is that property returned back to the rightful owner prior to a conviction / judgment? What if the owner says the property was not stolen, but sold, which is likely the case here. Does the DRC then also have to take to court its state owned entity that sold the shares to Z? or just the Directors / Ministers in charge of Cominiere and all others that have personally benefitted from the transaction with Z?
If anyone here has a clear understanding of the likely legal process in the DRC please weigh in on this. Not that I hope it goes that way, much prefer a more timely resolution and protection of AVZ's pre-emptive rights.
What does everyone think the likely next steps will be by the DRC Government and AVZ?
Does AVZ go to Paris, if so is that the end of it assuming a favourable outcome? or does Z have other legal options to deploy?
Has anyone seen a precedent in the DRC where a transaction like this has been overturned by the tabling of a report by the Inspector General? or do matters like this need to go to court or worse, grind on forever without the Government assisting in a restoration of AVZ's agreed pre-emptive rights?
Is it an advantage for AVZ that this transaction and claim by Z involves Cominiere, being the Governments representative entity, does this give the Inspector General, Felix or the Minister of Mines or the courts the immediate power or ability to turn over the transaction compared to a dispute between non-Government entities? That would be nice to know also.
I take on face value AVZ announcements and have no reason to doubt them unless AVZ lawyers have really stuffed up on their advice.
I guess like everyone we wait with bated breath to see what if anything Felix and friends will do, and of course what AVZ intends to do going forward. I'd be surprised if this mess is all left to AVZ to sort out, not to mention extremely unfair considering how damming the Inspector General's report appears to be.
You would think the claims by Dathomir are without credit and their actions will be addressed as well, let's hope Felix and friends step up in a manner that does not appear like they are acting like Dictators but acting as quickly and forcefully as possible in accordance with DRC law and in turn supporting AVZ at this time.
Anyway, excuse my ramblings, its hard to see the full picture going forward for AVZ without all the information, so we wait for Friday (unless announced earlier) a likely extension of suspension but with something positive included to put some minds (me included) at ease until everything is resolved.
Cheers The Fox
