AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
If they really are deep into MOU and ML discussions with DRC Government, like the ANN says. It would be a real silly move to expose everything then and blow up the MOU/ML
So maybe things really aren't as bad as one side is saying
Wise words, everyone should take 5 minutes to reread the entire response to Fat Tail again. It only takes 5 minutes and addresses a lot of concerns.
Carlos Danger
Top 20
Franck Fwamba spoke of a 'gentleman's agreement'. Both Ventora and Dig Oil cut deals. They didn't get to keep their original rights and Dig Oil has been waiting over a decade to get paid. The MoJ is looking at 3 other litigations as part of this process. The most likely chance of us getting the whole tenement back in the short term is a presidential order after advice from the MoJ but that's not how these cats usually operate imo
9cardomaha
Regular
At the time, the intel would mean the south would only be 69 carres. This would then go to Dathcom, i believe this was tabled to Nige, but likely a hard pass for obvious reasons.
Those tabled offers and those declined by Nige are likely similar to this type of lunacy, so when MMGA says we should be made aware of the deals so shareholders can make the best decisions, i'd counter that only when something resembling a fair deal is tabled, would we need to see it - otherwise every fucking 50c on the dollar cunt would submit some bullshit offer and we'd need to be informed....
Other deals that i've heard being tabled by Cominiere are like drop all the legal cases and we can talk - backpay us the dividends from the funds raised via the ASX and we can discuss, you get the gist, nothing remotely fair.
As for the ICSID remedies, this is up to the claimant, we could ask for cash settlement, or something like being reinstated as owners of 13359 (specifying that its 221 carres, nothing more nothing less). Can't confirm what we've asked for as a claimant, but damages + reinstatement would be a minimal starting point, add in therapy for all the shareholders and a public tar and feathering of detractors would be great - DRC part of the legal accords makes the ICSID verdict enforceable.
This would be the best outcome, but i will caveat that in the instance ownership cannot be reinstated for whatever reason, then an increased cash settlement would be awarded - the other downside to this as everyone knows is ICSID is drawn out and can take up to 5-6 years before something even remotely close to settlement occurs.
Would have been nice of Nige and Co to ask us what we wanted from ICSID, but again a can of worms, everyone sending in emails for $12 with a Zijin fuckwit tax while hilarious, wouldn't have pushed the parcel as fast. Also if he had asked us, would have tipped the corrupt actors off, i remember being thrilled with the ICSID push, definitely a trump card and good leverage for us.
MMGA would have us believe that current BOD want to take ICSID all the way and by the time settlement comes around shareholders would be left with nothing - i highly doubt that we will take ICSID to trial or settlement, its a great tool in getting to the negotiating table and keeping those that matter in check (Felix).
100%
Imagine what the market would do if everytime someone offered $100mil for a $1bil company. Absolutely stupid.
That logo would have been done by video host Crux Investor. Carrick just a guest on their platform.
Carlos Danger
Top 20
So was the catalyst for launching the ICSID the 14 day period needed for the MoM to grant us our right of appeal on the cancellation of the ML followed by the 3 month period for absence of arbitration approval or objection by the DRC?
Nigel's letter (Specifically Section 14) on the 3rd of February 2023 is the appeal. I'm guessing there's no other paperwork involved. The MoM is not allowed to cancel acquired rights unless the holder doesn't appeal, the appeal is time barred or the appeal is rejected under Article 290 of the mining code. Franck Fwamba says the response to this has a 14 day time limit but I can't find the legislation for that.
According to Franck Fwamba the MoM just ignored us. Under Article 319 of the mining code this leads to arbitration under the ICSID convention. As Dathcom is a national of the state for legal purposes we would would have needed to provide 3 arbitration options to the DRC government and when we presumably received no response to that either after 3 months we then had 30 days in which to tell them which arbitral tribunal we had chosen.
Which adds up to around mid May as the earliest we could have applied for the ICSID and our claim was processed by them in early June. AVZ said in the October 9th announcement that the DRC government only took an interest in talking to us again when it received the ICSID paperwork. Seems the delay in launching our claim was more procedural than anything else imo
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In short, it appears AVZ has been outplayed with the DRC proceeding to divy up our tenement whilst leaving us with a hobsons choice: drop the legal action and take what is left, or get nothing at all. No surprise really given the jurisdiction we're in. Time to face reality. AIMO.
Carlos Danger
Top 20
Winenut
Go AVZ!
Look at how this smiling evil untrustworthy crook and his tawdry mates have unofficially and illegally associated MMGA with AVZ in their logo!!!
It's almost unbelievable
"I" think "they're" stupid enough to think ......."here's an idea.....haw haw haw....we're so smart....haw haw haw.....AVZ/MMGA....no-one will know.......haw haw haw....we'll show them....haw haw haw".....
What a fucking bunch of absolute amateur flogs
A five year old would be commercially mature and astute enough to consider that idea in a micro second and just go...........
ummmmm......................
nah.......
They are seriously fucking bereft
A little research that I did on our good friend, Mr. Carrick. He's employment history doesn't seem to be all that great. the companies he has touched all seemed to have been left up shit creek it seems.
Full Name: Mr. Michael Joseph Carrick
CA ID: 001215013
Date Joined CA: 1981-12-31
Designation: CA in South Africa and Australia.
Employment/Director History
RTG Mining Inc.
Term as director: 28/3/2012.
Key highlights: https://www.theguardian.com/world/2...company-of-lying-to-australian-stock-exchange
Japan Gold:
Independent director
CGA Mining
Director/CEO: Merged with B2Gold in 2013. Resigned as a director in B2Gold in 2014. Share price eroded - but then eventually went back up.
First quarter production at the recently acquired Masbate Mine in the Philippines was 43,554 ounces of gold compared to the CGA Mining budgeted number of 48,321 ounces of gold. B2Gold's forecast gold production for the Masbate Mine was estimated at 43,894 ounces for the first quarter and between 175,000 and 185,000 ounces for the year as compared to CGA Mining guidance of 200,000 ounces. 2013 production will be impacted by a change out of the old SAG mill with a new SAG mill to be delivered in late August or September. B2Gold and Masbate engineers and geologists are working towards an updated geological model and mine plan which will incorporate drilling from the 2012 exploration program. B2Gold's technical team believes the new reserve and mine plan will be completed by mid-2013. The updated mine plan will be used to provide B2Gold guidance for 2013 production and cash cost numbers. The Company's technical team will also be reviewing potential expansion plans for Masbate based on the updated geological model. Guidance for the potential expansion of the Masbate mill is targeted for completion by early 2014.
Resolute
CEO
https://www.miningnews.net/leadership/news/1191352/carrick-calls-quits
AGR Ltd
Director
www.afr.com
Mr Carrick, in his new role as executive chairman of Perth-based AGR Ltd, confirmed yesterday the company had secured $US20 million ($38 million) in equity backing from the world's biggest uranium miner, Canada's Cameco Corp, to finance development of a gold mine at the Boroo project in Mongolia.
The finalisation of the Cameco deal, under which the Toronto- and New York-listed mining giant will emerge with a 52 per cent stake in AGR, coincided with the completition of a syndication process for a $US33 million project financing facility with Macquarie Bank.
The deal is a coup for AGR after Resolute walked away from a scrip merger proposal last year. Mr Carrick has been working on the Boroo financing deal since his departure from Resolute in February last year.
His departure followed a sharp erosion in the value of Resolute shares which gave control of the company to Sydney investor Duncan Saville via a significant holding of converting preference shares. Mr Carrick's successor at Resolute, Peter Sullivan, said in a statement that Resolute had advanced $3.2 million to AGR in the past two years in loans and the provision of technical services an amount he expected would be repaid within 30 days from the proceeds of the Cameco share placement.
St Augustine Gold and Copper Ltd
Director
Arthur Andersen
Senior International Partner
Full Name: Mr. Michael Joseph Carrick
CA ID: 001215013
Date Joined CA: 1981-12-31
Designation: CA in South Africa and Australia.
Employment/Director History
RTG Mining Inc.
Term as director: 28/3/2012.
Key highlights: https://www.theguardian.com/world/2...company-of-lying-to-australian-stock-exchange
Japan Gold:
Independent director
CGA Mining
Director/CEO: Merged with B2Gold in 2013. Resigned as a director in B2Gold in 2014. Share price eroded - but then eventually went back up.
First quarter production at the recently acquired Masbate Mine in the Philippines was 43,554 ounces of gold compared to the CGA Mining budgeted number of 48,321 ounces of gold. B2Gold's forecast gold production for the Masbate Mine was estimated at 43,894 ounces for the first quarter and between 175,000 and 185,000 ounces for the year as compared to CGA Mining guidance of 200,000 ounces. 2013 production will be impacted by a change out of the old SAG mill with a new SAG mill to be delivered in late August or September. B2Gold and Masbate engineers and geologists are working towards an updated geological model and mine plan which will incorporate drilling from the 2012 exploration program. B2Gold's technical team believes the new reserve and mine plan will be completed by mid-2013. The updated mine plan will be used to provide B2Gold guidance for 2013 production and cash cost numbers. The Company's technical team will also be reviewing potential expansion plans for Masbate based on the updated geological model. Guidance for the potential expansion of the Masbate mill is targeted for completion by early 2014.
Resolute
CEO
https://www.miningnews.net/leadership/news/1191352/carrick-calls-quits
AGR Ltd
Director
AGR heads for Mongolian gold
A year after his inglorious exit as chief executive of Perth-based gold miner Resolute Ltd, Michael Carrick has bedded down a $120 million project financing deal to develop Mongolia's first major gold mine.
Mr Carrick, in his new role as executive chairman of Perth-based AGR Ltd, confirmed yesterday the company had secured $US20 million ($38 million) in equity backing from the world's biggest uranium miner, Canada's Cameco Corp, to finance development of a gold mine at the Boroo project in Mongolia.
The finalisation of the Cameco deal, under which the Toronto- and New York-listed mining giant will emerge with a 52 per cent stake in AGR, coincided with the completition of a syndication process for a $US33 million project financing facility with Macquarie Bank.
The deal is a coup for AGR after Resolute walked away from a scrip merger proposal last year. Mr Carrick has been working on the Boroo financing deal since his departure from Resolute in February last year.
His departure followed a sharp erosion in the value of Resolute shares which gave control of the company to Sydney investor Duncan Saville via a significant holding of converting preference shares. Mr Carrick's successor at Resolute, Peter Sullivan, said in a statement that Resolute had advanced $3.2 million to AGR in the past two years in loans and the provision of technical services an amount he expected would be repaid within 30 days from the proceeds of the Cameco share placement.
St Augustine Gold and Copper Ltd
Director
Arthur Andersen
Senior International Partner
Cumquat Cap
Regular
Bullshit from you as always. Carrick is a fat cunt and is corrupt as all hell.
Winenut
Go AVZ!
Even if it was Crux I'm sure Michael Carrotdick got to view the whole thing in it's entirety and agreed to it before the interview was pushed to social media and....... if he did...... he's a fucking idiot
And if he didn't get to view the whole thing in it's entirety before the interview was pushed to social media........he's still a fucking idiot
MoneyBags1348
Top 20
Winenut
Go AVZ!
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