AVZ Discussion 2022

[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....

 

[Winenut]

That was sarcastsic and ironic humour in case you didn't get it.......

Sorry ...

Did you fall asleep with your slippers on???

 

[Cumquat Cap]

Felix is awfully close to Manono in the context of the DRC (circa 700 kilometres away still) - any chance he swings through Manono on this tour? Doubtful but would be nice

 

[Cumquat Cap]

*Currently in and around Lubumbashi

 

[Flexi]

New Countdown........yes another countdown.......but short and sweet. .

.................to the start of ICC hearing

 

[wombat74]

New Countdown........yes another countdown.......but short and sweet. .

View attachment 46222 .................to the start of ICC hearing

Are you expecting them to show up ?

 

[Hodlandwin69]

Am I wrong to assume the ICC hearing will be over in 2 days, but a verdict will be another one of those 3 months things which may or may not get delayed again.....?

 

[Carlos Danger]

Are you expecting them to show up ?

Yes. They are the claimants. Any further delays by them and the ICC will throw out their case imo

 

[M.Bison]

Am I wrong to assume the ICC hearing will be over in 2 days, but a verdict will be another one of those 3 months things which may or may not get delayed again.....?

AVZ states that: "The ICC Tribunal is determining the issue of jurisdiction as a preliminary question". I interpret preliminary question as part of pre trial investigation? If so then perhaps a month? I'd like to think its faster given how idiotic the whole thing is. Wheels of justice turn SLOWLY.

 

[Doc]

Yes. They are the claimants. Any further delays by them and the ICC will throw out their case imo

Still it wouldnt surprise me if they were a no show. Just my musings but their goal wouldnt be to win through ICC ( they smart enough to know that ) . Id guess the tactic is to delay, delay delay while they work in the back ground to tunnel under us undermining the supports and taking us that way. MMGA a good example of that

 

[Cumquat Cap]

If they don't show they lose the jurisdictional case as they're the claimant I would've thought? Otherwise it makes a total mockery of the ICC (i.e bring on case with no intention to allow it to be adjudicated). Think their timing is rapidly running out re stalling