Bray
Regular
He cannot do that as it goes against his peoples (china)Would be great to get some clarity from Felix T on his stand against corruption and following the mining act in the DRC.
He cannot do that as it goes against his peoples (china)Would be great to get some clarity from Felix T on his stand against corruption and following the mining act in the DRC.
Coming for you Tom and others, merry fucking christmas
The Company is continuing to investigate the conduct of certain third parties and the unauthorised disclosure of confidential and privileged information over the past 12 months 1, particularly in light of the voting information available to the Company following the AGM, and importantly as to whether there are any regulatory implications of such conduct.
1 Commencing in December 2022 following publication of certain articles in the Australian Financial Review by Tom Richardson on 12 and 20 December 2022.
Coming for you Tom and others, merry fucking christmas
The Company is continuing to investigate the conduct of certain third parties and the unauthorised disclosure of confidential and privileged information over the past 12 months 1, particularly in light of the voting information available to the Company following the AGM, and importantly as to whether there are any regulatory implications of such conduct.
1 Commencing in December 2022 following publication of certain articles in the Australian Financial Review by Tom Richardson on 12 and 20 December 2022.
Sorry to bring up the topic again . What is the method of extraction when it comes to collecting the $$$ from Cominiere ? Where are the $$$ coming from ? Does AVZ get it in one lump sum or can the DRC delay it or f--k us around and drip feed it ? Clearly if AVZ can access this money then concerns around running costs and legal expenses disappear completely . 1 million $$$ a week in fines is in and of itself a decent business and Cominiere is being very accommodating providing proof on a regular basis of their breach. CheersMMGA's bullshit about LOCKE is just a scare tactic - and clearly has sown doubt so hopefully this helps people focus a little.
- ICC Emergency injunction 2 (post 15775) submitted October 30, emergency ruling Nov 15.
- ICC tribunal already formed and waiting for submissions before Dec 15 - enforcement will come around January for breaches already incurred.
- Emergency measures request ICSID Nov 7, Tribunal response Nov 20 with measures and timetables, sets Dec 11 hearing - verdict likely before Christmas.
Don't go drinking the MMGA cool-aid...
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DRC= Democratic republ of CONGOHe cannot do that as it goes against his peoples (china)
BTW last time i checked makemanonogreatagain.com.au was available to regiserHere’s some information on Fat Tail and MMGA. I don’t really know what to make of it yet, I just thought I would put it here so I can reference it easier down the track.
Fat Tail registered in March 2023. MMGA registered in August 2023.
The information was from @9cardomaha @aanti.dumb and @protoje
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Domain registered 6 days ago with "redacted" registrar details.
Great pickup @JAG. I completely missed it!
lynch?I think he meant he is the llunch?
Taking a step back, we have ongoing cases against them so non-payment on emergency rulings will look poorly on them - so logically they can't just do a runner.Sorry to bring up the topic again . What is the method of extraction when it comes to collecting the $$$ from Cominiere ? Where are the $$$ coming from ? Does AVZ get it in one lump sum or can the DRC delay it or f--k us around and drip feed it ? Clearly if AVZ can access this money then concerns around running costs and legal expenses disappear completely . 1 million $$$ a week in fines is in and of itself a decent business and Cominiere is being very accommodating providing proof on a regular basis of their breach. Cheers
I guess another question is where would Cominiere come up with 20million USD, let alone 100m? I can't imagine they are often receiving transactions with these kind of funds that could be intercepted, given they were complaining before about not having the cash available to fund their operations as is. ZIJIN could stump up I guess, but I can't see them making that easy for us given they are trying to choke us into the ground. I know Cominiere have made selling off tenements into an art form and not depositing the funds into the government coffers, but this doesn't seem to happen all that regularly and seemingly rarely at the lofty figures we may expect if 100k keeps ticking over. I wonder what their operating budget is and whether that's something that could be intercepted- though that would put the government off.Taking a step back, we have ongoing cases against them so non-payment on emergency rulings will look poorly on them - so logically they can't just do a runner.
If they do a runner*, because lets face it they probably don't care about ICC cases and its just to drain our funds - I've mentioned before that ICC and ICSID have the power to intercept payments from most international banks and institutions. DLA just need to raise this point to the courts - and wouldn't you know it, if you don't pay according to ICC and ICSID, they don't really favour you going forward.
*This is a possibility for sure.... Refusing to pay is classic DRC, playing the victim, crying poor etc. but there is precedence for intercepting payments which is easy to argue.
For the way payments work, if the damages amount is high, they will draft the payment scheme. If its payment to the Arbitrator and legal teams, its a lump sum immediately, but won't go through AVZ, payable directly to
I guess another question is where would Cominiere come up with 20million USD, let alone 100m? I can't imagine they are often receiving transactions with these kind of funds that could be intercepted, given they were complaining before about not having the cash available to fund their operations as is. ZIJIN could stump up I guess, but I can't see them making that easy for us given they are trying to choke us into the ground. I know Cominiere have made selling off tenements into an art form and not depositing the funds into the government coffers, but this doesn't seem to happen all that regularly and seemingly rarely at the lofty figures we may expect if 100k keeps ticking over. I wonder what their operating budget is and whether that's something that could be intercepted- though that would put the government off.
I would say that Cath (if they voted against AVZ BoD and in favour of the clowns team, AVZ would know this) is well aware that rocking up at the AVZ office for a cuppa and a chew the fat exercise, is for the next few weeks not so smart.Hi all, very interesting read8ng peoples comments on what might happen next now we're out of the MMGA chapter.
I'd be interested what everyone's thoughts are on our relationship with CATH. They sided with MMGA right? So now that they've public sided with a Chinese cartel that's against the interests of most shareholders...
Is it still good keeping them involved?
I always thought they were a good complement to the project, but can we still consider them a reliable partner knowing they will willingly conspire with other Chinese parties to screw other shareholders out of their interests? Or is that just the risk of business?
CATH was always getting a great deal. If they'd wanted to sign the dotted line before mining license I'm sure they could have, but they didn't. And a lit has changed since then. $20mil break fee? Well probably end up getting that much in damages. Or another party willing to stump it up as part of a better deal. But I assume TIA has a clause about not engaging with other parties, but given WhatsApp happend and how long the process has dragged out I wonder how valid such a claus would still be.
I don't know who would replace them, but um sure other parties have approached AVZ about creating an alternatieve arrangement (Saudis?).
CATH bring processing knowledge and funding that could help the project grow,
But they also got a stupid cheap deal and have now shown they're wilting to conspire against other holders.
But if they weren't involved the Democratic Republic of Chingo might continue to freak out about a mining operation with no local Chinese involvement.
So where does that leave us?
Thanks again mate .I guess first things first is the MoU .Unfortunately delayed due to the attempted MMGA coup , however already written up and ready to be signed after several meetings with "high level" members of the DRC gov. Once we know the outcome of that I'm guessing we will know what our path is moving forward, and also a sense of closure to the uncertainty SH have endured . IMOTaking a step back, we have ongoing cases against them so non-payment on emergency rulings will look poorly on them - so logically they can't just do a runner.
If they do a runner*, because lets face it they probably don't care about ICC cases and its just to drain our funds - I've mentioned before that ICC and ICSID have the power to intercept payments from most international banks and institutions. DLA just need to raise this point to the courts - and wouldn't you know it, if you don't pay according to ICC and ICSID, they don't really favour you going forward.
*This is a possibility for sure.... Refusing to pay is classic DRC, playing the victim, crying poor etc. but there is precedence for intercepting payments which is easy to argue.
For the way payments work, if the damages amount is high, they will draft the payment scheme. If its payment to the Arbitrator and legal teams, its a lump sum immediately, but won't go through AVZ, payable directly to DLA and ICC/ICSID.
We can even ask the courts to force securitization at the next hearings which puts a portion of the payable amount into escrow and will be paid upon a verdict. I'd say with the penalty ticking up to 100mil, we could ask for 20mil as security without much issue - then just work on the verdict and 20mil instant in the bank with the following 80mil that we have to chase up.
Obviously leaving it to DLA and BOD to decide, but that's my takeaway, and why i'm cool as a cucumber.
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DYOR.