AVZ Discussion 2022

[9cardomaha]

Do you have any intel on what that means for the south?

Which of the 'various remedies' that AVZ are seeking at the ICSID do your lawyer friends think is most likely to be the outcome?

The problem we have is the MoM and MoP clearly hate us and they are the two most important figures for the government in the DRC mining sector apart from Felix. We will absolutely crush the DRC government at the ICSID if we need to go the distance I have no doubt but it will take a long time if a settlement isn't reached. Hopefully the MoU is cooking up something good but it seems like a smokescreen to me as the MoM easily could have overruled the decision about the Dathcom JVA being terminated and given Dathcom the tenement back with the ML if she wasn't feeling so snackish imo

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).

 

[timb89]

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.

 

[pow4ade]

View attachment 47608

Well spotted Dom

Fucking slimy arseholes

That logo would have been done by video host Crux Investor. Carrick just a guest on their platform.

 

[Schmi46M]

Hello, my English is not that good so everything is translated with Google, sorry.
what's going on now in the DRC with AVZ? the cami has changed something.

 

[Carlos Danger]

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).

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

 

[pow4ade]

Hello, my English is not that good so everything is translated with Google, sorry.
what's going on now in the DRC with AVZ? the cami has changed something. View attachment 47667 View attachment 47668 View attachment 47669 View attachment 47670

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.

 

[Winenut]

I vote Carlos for the board!

 

[Winenut]

the other dude......well......

 

[Carlos Danger]

I vote Carlos for the board!

Please vote yes for my performance bags too haha

 

[Winenut]

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

 

[Thaz]

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

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.

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

 

[Cumquat Cap]

That logo would have been done by video host Crux Investor. Carrick just a guest on their platform.

Bullshit from you as always. Carrick is a fat cunt and is corrupt as all hell.

 

[Winenut]

Bullshit from you as always. Carrick is a fat cunt and is corrupt as all hell.

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]

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

“Carrotdick”…. Quote of the week so far Nuts

 

[wombat74]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

 

[Winenut]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

 

[wombat74]

View attachment 47702

Why have the DRC/China jumped the gun here ? Why didn't they wait until after the AGM to steal the project from us ? Were they not confident the MMGA would get up? By stealing it now SH may cling to MMGA as a last hope / nothing left to lose option ? MMGA then betray AVZ take their snack bags and run . Looking forward to an update from Nigel in the coming days .

 

[Hodlandwin69]

Surely one of the directors nominated is a regular on here. Make yourself known cunts and speak to us simple folk

 

[Carlos Danger]

So if the DRC / China have totally rat f--ked here , the role of the Chinese funded MMGA goon brigade is to drop all legal proceedings against the DRC . imo

Why have the DRC/China jumped the gun here ? Why didn't they wait until after the AGM to steal the project from us ? Were they not confident the MMGA would get up? By stealing it now SH may cling to MMGA as a last hope / nothing left to lose option ? MMGA then betray AVZ take their snack bags and run . Looking forward to an update from Nigel in the coming days .

The purpose of MMGA is either a cheap out of court settlement at the ICSID, a cheap sale of our 75% of Dathcom or to drop all arbitration and let Zijin have the north and proceed with whatever is left of our claim to RD. Zijin are clearly happy with just the north and MMGA agreeing to proceed with the south would mean they or the DRC government don't have to pay us anything.

An additional consideration is that MMGA and their goons on social media are constantly talking about resumption of trade for AVZ. Bin Guo clearly needs his money and I suspect some of the others behind this do too so that is a key reason why they have acted now. Also doing it through the AGM avoids needing the 5% to launch an EGM which could only be achieved by MMGA with Chinese names which FIRB would deny.

 

[wombat74]

The purpose of MMGA is either a cheap out of court settlement at the ICSID, a cheap sale of our 75% of Dathcom or to drop all arbitration and let Zijin have the north and proceed with whatever is left of our claim to RD. Zijin are clearly happy with just the north and MMGA agreeing to proceed with the south would mean they or the DRC government don't have to pay us anything.

An additional consideration is that MMGA and their goons on social media are constantly talking about resumption of trade for AVZ. Bin Guo clearly needs his money and I suspect some of the others behind this do to so that is another key reason why they have acted now.

Do you think RD is still a possibility ? I have my doubts .