Bray
Regular
He’s sick of everyone’s shitMB very quiet of late .
He’s sick of everyone’s shitMB very quiet of late .
Thought Bubble: How the hell can the Yanks standby and watch the Chinese steal one of the largest, purist lithium deposits on the face of this earth(from one of its closest allies) and then carry on with this trillion dollar IRA in an attempt to overcome China's dominance of strategic metals and REE. Not to mention the Australian governments wall of silence! Something doesn't add up. AVZ, after nearly 2 years, are obviously on their own in fending off the parasites. I am not suggesting the CATH deal be questioned in any way but could the supply agreement with CATH be the reason we have been shunned by the US and indeed our own government.
The silence is baffling!!
Except we are currently looking at negotiating a settlement to expedite clearing it up so we can get out of suspension and maybe get an ML.
Nige can claim "spurious and without merit" on as many things as he likes. It doesn't mean it doesn't have a material impact on SHs.
An adverse finding on litigation from a court in the country we are operating in, is still worthy of disclosure regardless of how spurious or meritorious it is.
I will also add that ZJ tried to change the arbitrator who granted us the Emergency Injunction for 50,000 to some other judge, but was unsuccessful - so the chances it gets increased is looking good.Update from me on ICC:
15% case JCM v AVZ, i believe we submitted request for the entire case be thrown out since the north has been returned (2nd Nov submissions)
- expected verdict on request next week.
Request to Increase Emergency Injunction fine from 50,000 Euros to 150,000 Euros per day (2nd Nov submissions)
- Expected verdict on request next week.
Jurisdictional hearing which occured in October won't have a verdict until 2024 Feb, but the request to have it thrown out will likely make this point moot.
Update from me on ICC:
15% case JCM v AVZ, i believe we submitted request for the entire case be thrown out since the north has been returned (2nd Nov submissions)
- expected verdict on request next week.
Request to Increase Emergency Injunction fine from 50,000 Euros to 150,000 Euros per day (2nd Nov submissions)
- Expected verdict on request next week.
Jurisdictional hearing which occured in October won't have a verdict until 2024 Feb, but the request to have it thrown out will likely make this point moot.
So we are going for dismissal on Zijin having no grounds to claim the 15% anymore. Makes more sense than waiting for final decision if that won't be until February. I can't imagine Zijin would want to continue anyway so should be all over.Update from me on ICC:
15% case JCM v AVZ, i believe we submitted request for the entire case be thrown out since the north has been returned (2nd Nov submissions)
- expected verdict on request next week.
Request to Increase Emergency Injunction fine from 50,000 Euros to 150,000 Euros per day (2nd Nov submissions)
- Expected verdict on request next week.
Jurisdictional hearing which occured in October won't have a verdict until 2024 Feb, but the request to have it thrown out will likely make this point moot.
On first point presumably because Zijin/Jin Cheng asked for illegal monies $33m for Dathcom 15% now instead be applied as payment for the North section PR 15775 and therefore they are not part of Dathcom JV
$159,000 USD per day, ouch.....Update from me on ICC:
15% case JCM v AVZ, i believe we submitted request for the entire case be thrown out since the north has been returned (2nd Nov submissions)
- expected verdict on request next week.
Request to Increase Emergency Injunction fine from 50,000 Euros to 150,000 Euros per day (2nd Nov submissions)
- Expected verdict on request next week.
Jurisdictional hearing which occured in October won't have a verdict until 2024 Feb, but the request to have it thrown out will likely make this point moot.
$159,000 USD per day, ouch.....
Why ZJ trying to change the arbiter?I will also add that ZJ tried to change the arbitrator who granted us the Emergency Injunction for 50,000 to some other judge, but was unsuccessful - so the chances it gets increased is looking good.
But i wonder when we will seek enforcement of the injunction. that'll put a dent in ZJxCominiere's coffers.
JCM v AVZ (15% issue) is heard by the mysterious cruiseship delaying arbitaror - we submitted an emergency request to throw the case out completely with deadline for submissions today and expected decisions next week.
Emergency injunction is AVZ v Cominiere, which has a lady arbitrator if i am not mistaken, after the injunction was awarded on May 5, Zijin has lent their legal team to Cominiere (ie Fasken), who is now arguing on behalf of Cominiere to not increase the daily penalty and even remove the injunction all together.
(also fasken reps Zj and Cominiere in the joint case).
I go back to my single domino falling theory - and yes their latest announcement gave us grounds to expedite instead of waiting to Feb 2024.This is such a head fuck, what's the trickle down effect on the rest of the arbitrations if the initial hearing gets thrown out?
Puts a pretty big whole on Zijin's claim for any part of 13359. Have they fucked up badly with this latest market release
This is such a head fuck, what's the trickle down effect on the rest of the arbitrations if the initial hearing gets thrown out?
Puts a pretty big whole on Zijin's claim for any part of 13359. Have they fucked up badly with this latest market release
If Zijin case is over then they are gone from Dathcom foreverI go back to my single domino falling theory - and yes their latest announcement gave us grounds to expedite instead of waiting to Feb 2024.
An emergency request to have it thrown out renders a verdict almost instantly (in the legal world). So could be the first piece to move, afterwhich, combined case from ZJ and Cominiere is also withdrawn, and as the sale of 15% is no longer in question, we withdraw one of the cases against Cominiere for the sale.
We would maintain Dathomir cases and the Emergency injunction against Cominiere - but i surmise that if the first domino falls, we will just seek enforcement of the new injunction amount, and then just hold the Dathomir case. (if we get an increase for injunction penalty, it will likely give us more leverage to negotiate too) but this all heresay your honour.