AVZ Discussion 2022

[Carlos Danger]

If that's how you interpret it then you're wrong. We are currently going through a legal process and once that's sorted out in our favour off we go mining.
The DRC is lifting its game and is now in the spotlight thanks to the E.U. and the U.S. Simply put we were shafted by bad actors so there days are numbered. The MoM is on the defensive and now has to act. Simple as that.

Yes seen a little bit of MOM being in the news lately backtracking, good chance we are next. On evidence of her behaviour it seems she was not a champion of AVZ, but simply sided with whoever was 'winning', naughty lawyer.

The quiet before the storm at the moment, although I wonder if there is a storm in the offices of the AVZ lawyers with Zijin panicking and trying to come to a deal before ICC?
Zijin couldn't possibly offer what at this stage would be our requirements as they have backed themselves so strongly into their little corner with Comineire and Dathomir.

Looking forward to hearing from Franck hopefully around 6th on what's been happening in the courtroom. Will the ICC revelations be a catalyst for the DRC to finally take action? Or will they ignore again like the IGF? How much evidence is enough?

Should be a good few weeks.

If we win our cases at the ICC then the MoM's reasoning in the new decrees will be laughed out of the ICSID especially given the IGF report and the fact that conflicts between shareholders is unknown as a reason for cancellation of a PE in the DRC mining code. Let them eat pineapples just won't cut it anymore imo. Given the need and urgency.

 

[TDITD]

If we win our cases at the ICC then the MoM's reasoning in the new decrees will be laughed out of the ICSID especially given the IGF report and the fact that conflicts between shareholders is unknown as a reason for cancellation of a PE in the DRC mining code. Let them eat pineapples just won't cut it anymore imo. Given the need and urgency.
View attachment 46159

Every time I have the misfortune of reading that piece of shit disguised as legitimacy it makes me want to puke, especially that last paragraph. Unbelievable what they have done to AVZ since May 2021.

 

[Cumquat Cap]

Anyone know if Felix or this shitbag MoM has to attend the ICSID and testify? no doubt they'll bail on that like everything else within their pervue

 

[TheCount]

View attachment 46158

How are you Thorgin - all good?
TC.

 

[LOCKY82]

Didn't she break both her legs in an accident!?

 

[thorgin]

How are you Thorgin - all good?
TC.

Yeah I'm all good thanks TC It's not game over yet.

 

[Carlos Danger]

Anyone know if Felix or this shitbag MoM has to attend the ICSID and testify? no doubt they'll bail on that like everything else within their pervue

I doubt the ICSID has the power to compel heads of state and their ministers to testify in a civil case. Interestingly the President, Prime Minister and the MoM of the DRC are no longer listed as party representatives in the ICSID case information and have been replaced by lawyers. It would seem their titles being there was simply a stop gap until legal representation could be organised for the respondent which is the DRC state itself despite what trolls might say about us suing the president and his ministers personally.

Case Details | ICSID

icsid.worldbank.org

How it looked in June:

How it looks now:

 

[wombat74]

Anyone know if Felix or this shitbag MoM has to attend the ICSID and testify? no doubt they'll bail on that like everything else within their pervue

Just legal representation is my guess . Lets not even go down that route .It will take years . Then where does it go after that ? If something is on offer, does Nigel take a guaranteed outcome for share holders now OR does he roll the dice for an uncertain outcome years from now ? The Cone of Silence days are numbered .

 

[Cumquat Cap]

Agreed, if it's looking like that route, lets sell this bitch and move on - can't wait til the AGM, hope they're held accountable

 

[Misfits]

FROM AMOVATIO ON HC

Agreed Cobber',
I have not posted for a while because the content of most discussions seem to be responding to unfounded comments from trolls and non holders.
I lose track of the conversation point behind the new threads that appear, now that I have many on ignore because they are not offering information of relevance to our cause.
What I am looking forward to is the Agenda being released for the upcoming AGM and what business shareholders may be asked to vote on, before any nominations for the Board are considered.
Could shareholders be asked to consider a TO offer ($Price per share). We can only hope more information comes to the surface later this week before/after the ICC Tribunal. I still think the only outcome for Zijin to be involved is to put forward an attractive take over offer to end this saga. China is looking to have almost full control the Lithium market in the world (if it doesn't already) and that of Rare Earth minerals. Getting hold of the biggest and highest grade deposits in the the DRC will advance that cause to the extent they can also extend their monopoly by building more Processing and refining facilities. So Zijin, stop messing around and come up with a good price that will put an end to this saga. The alternative will be to have your brand shamed on the International stage and that of Cominiere and DRC officials.
The corruption that exists within the DRC will never go away in the short term and there will still be many within Govt. looking for brown paper bags to disrupt AVZ from being able to go Mining despite our persistence in following the DRC mining code. We will never get to mine Manono without disruptions.
Lets hope one of the items of business for the AGM is to vote on a TO price per share. As shareholders we then get to decide.

 

[Carlos Danger]

Just legal representation is my guess . Lets not even go down that route .It will take years . Then where does it go after that ? If something is on offer, does Nigel take a guaranteed outcome for share holders now OR does he roll the dice for an uncertain outcome years from now ? The Cone of Silence days are numbered .

Agreed, if it's looking like that route, lets sell this bitch and move on - can't wait til the AGM, hope they're held accountable

FROM AMOVATIO ON HC

Agreed Cobber',
I have not posted for a while because the content of most discussions seem to be responding to unfounded comments from trolls and non holders.
I lose track of the conversation point behind the new threads that appear, now that I have many on ignore because they are not offering information of relevance to our cause.
What I am looking forward to is the Agenda being released for the upcoming AGM and what business shareholders may be asked to vote on, before any nominations for the Board are considered.
Could shareholders be asked to consider a TO offer ($Price per share). We can only hope more information comes to the surface later this week before/after the ICC Tribunal. I still think the only outcome for Zijin to be involved is to put forward an attractive take over offer to end this saga. China is looking to have almost full control the Lithium market in the world (if it doesn't already) and that of Rare Earth minerals. Getting hold of the biggest and highest grade deposits in the the DRC will advance that cause to the extent they can also extend their monopoly by building more Processing and refining facilities. So Zijin, stop messing around and come up with a good price that will put an end to this saga. The alternative will be to have your brand shamed on the International stage and that of Cominiere and DRC officials.
The corruption that exists within the DRC will never go away in the short term and there will still be many within Govt. looking for brown paper bags to disrupt AVZ from being able to go Mining despite our persistence in following the DRC mining code. We will never get to mine Manono without disruptions.
Lets hope one of the items of business for the AGM is to vote on a TO price per share. As shareholders we then get to decide.

What constitutes a reasonable offer will be determined by the ICC proceedings and there isn't currently one that is worthy of presentation to shareholders given the expected outcomes of the cases imo

An AVZ win in the jurisdictional challenge will be absolutely devastating to Zijin's attempts to get into Dathcom legally without paying up due to the precedent set. If they are going to buy us out then a reasonable offer will come after this Friday imo

AVZ management spelled out pretty clearly what their 'medium term' plan is in the going concern fine print. Without the correct action being taken by the MoM and with only low ball offers on the table there really isn't anything else they can do unless they are willing to cede control of Manono to China and proceed with minority ownership. Which should be obvious by now they aren't.

 

[j.l]

Agreed, if it's looking like that route, lets sell this bitch and move on - can't wait til the AGM, hope they're held accountable

I really wonder how the AGM will play out. I can't see it being all that informative unless the commercial deadlock has been broken, court cases resolved, and ML awarded beforehand.

Current status and next steps:
If the company is under threat from "internal" conspirators (MMGA and collaborators) presumably those parties will be represented within the attendees (rats in the ranks). Given that, I would imagine that the BOD will be loathe to say anything for risk of revealing strategy to the enemy (same logic as the voluntary suspension and comms blackout).

Dealings with DRC Government:
As above, they won't divulge details. We'll just get "very advanced discussions".

Legal proceedings:
They won't be able to say anything more than what's available on ICC and ICSID sites.

Remuneration/bonuses:
Do BODs at any AGM really provide any meaningful response to shareholders' questions on such topics? My mind goes back to the one of the previous AVZ AGMs where this came up, and Nigel handballed the question to Hjulich, who gave some kind of non-answer. They all had disdainful /dismissive expressions on their faces. Will it really be any different this time (apart from H providing the answer ).


This isn't meant to be a whinge or criticism, just my thoughts on what can realistically be expected to happen at the AGM, in the interests of managing further psychological damage due to repeated deflation of great expectations.

 

[mouseflying]

This paragraph in the financial report sounds promising...

As promising as champagne on the ice...

 

[David holland]

View attachment 46168

This paragraph in the financial report sounds promising...

As promising as champagne on the ice...

What else are they going to say, of course there going to say this

 

[Mr Inappropriate]

Agreed, if it's looking like that route, lets sell this bitch and move on - can't wait til the AGM, hope they're held accountable

Nah. Let’s mine the fucker.

 

[Winenut]

Nah. Let’s mine the fucker.

I'm with you Mr I.....!!!!!!!!!!!!

Unless

Right up front it's.......

It's...................

$10...$10...$10...

No fuck.... just a minute Zijin premium

$12...$12...$12...

Hang on there was another fucking premium it think it's got to be like

$16...$16...$16...

 

[Winenut]

If that's how you interpret it then you're wrong. We are currently going through a legal process and once that's sorted out in our favour off we go mining.
The DRC is lifting its game and is now in the spotlight thanks to the E.U. and the U.S. Simply put we were shafted by bad actors so there days are numbered. The MoM is on the defensive and now has to act. Simple as that.

Your original response old boy had nothing to do with any legal processes or proceedings in relation to AVZ and was actually about/linked/and in response to the comment that the MoM reversed her position on 29 absolutely, completely, unrelated mining licences that had "actually" been "granted" and then subsequently "revoked"

So....

For the record.......

I don't think you have a fucking clue at all what's going on

 

[geo_au]

View attachment 46215

Your original response old boy had nothing to do with any legal processes or proceedings in relation to AVZ and was actually about/linked/and in response to the comment that the MoM reversed her position on 29 absolutely, completely, unrelated mining licences that had "actually" been "granted" and then subsequently "revoked"

So....

For the record.......

I don't think you have a fucking clue at all what's going on

I know you have to have the last say nut but you have no idea what you're talking about dear man with a schoolboy mentality.

 

[Winenut]

I know you have to have the last say nut but you have no idea what you're talking about dear man with a schoolboy mentality.

"I know you have to have the last say nut"

no I don't....

 

[Winenut]

old man....