Stepping up the rhetoric, new vid below (essentially trying to draw comparisons to MMCS1 case lost to AVZ)
I was around (and in AVZ) for that court case (high court in Perth) - grossly unfair to draw comparisons, but I just wonder if this will resonate with the people unfamiliar with the history here. Guess we'll find out next week...
Cheers,
Powerage.
Most holders with a decent sized holding would have been in AVZ for a few years now so I wouldnt be concerned about that at all
My biggest concern is the talk of even if we win at the ICC/ICSID then we are still relying on DRC courts to implement the ruling, if that is the case then based on everything we know we are all royally F'd, let's not kid ourselves, DRC courts dont work at all, it a jungle and the highest briber wins. Sure, we might recover some money through fines over time if we win that one, or even a bigger payout if we hold the line and dont srike a deal with the gov.
The way I see it atm is we are between a rock and a hard place. The bribers and bribees are running the show, Felix is borderline useless, just another political spokesmen with no real power at all, he's at the mercy of dogs even if he was a decent bloke.
So we have:
option 1: continue to play it by the book with the current board and drag it through courts for years whilst possibly delisted. Regardless of how factual the boards announcements have been to date it is blatantly obvious it means jack sh** right now except in an international court. "immenently", "talks with high level of government"(for yrs now), blah blah blah yet look where we are. I like Nigel, and think he's committed to the cause, but liking someone doesnt make you money
option 2: MMGA fearal clown club where its clear they are of the frame of mind you dont get anywhere in the Congo without paper bags changing hands, which is indeed correct to date. Would they leave us totally to the wolves and totally sell us out? possibly since they dont have much of a reputation to worry abt and may just cash in and retire. I dont trust them one bit, but trust in the current board has amounted to F all thus far