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).
