AVZ Discussion 2022

[Cumquat Cap]

Not a great sign Felix waving off the EU counterparts who were there for electoral legitimacy.

Biden and the US won't play too nicely if there's been signs of electoral fraud (which there certaintly will be).

Felix has shown his true colours in the past 6 months imo

 

[Roon]

Not a great sign Felix waving off the EU counterparts who were there for electoral legitimacy.

Biden and the US won't play too nicely if there's been signs of electoral fraud (which there certaintly will be).

Felix has shown his true colours in the past 6 months imo

The US were fine with the election shenanigans last time around, I'd say their response will be predicated on their view of FT's position vis-a-vis China versus the West.

 

[wombat74]

"The Company is continuing to investigate the conduct of certain third parties and the unauthorised disclosure of confidential and privileged information"

"The Board expects the conclusion of this investigation to allow it and the Company’s management team to refocus its efforts on its strategy to advance the development the Manono "

Refocus ??? Maybe do both at the same time . Get the f--king ML /settlement asap AND investigate certain third parties . You getting paid enough to multi task .

 

[Cumquat Cap]

Nigel better get his ass back to the DRC and see if Felix wants to sign this MoU as part of his campaign platform - a bullshit excuse tabled for the delay a few months ago.

 

[9cardomaha]

He's advising the secret squirrel crew to discuss things off forum on their Wechat group. Or some other safe space for sensitive souls. Apparently this place is infested with spies.

 

[Penskefile]

Not a great sign Felix waving off the EU counterparts who were there for electoral legitimacy.

Biden and the US won't play too nicely if there's been signs of electoral fraud (which there certaintly will be).

Felix has shown his true colours in the past 6 months imo

Before the US points the finger at other countries’ electoral legitimacy it should look at its own backyard.

 

[cruiser51]

Nigel better get his ass back to the DRC and see if Felix wants to sign this MoU as part of his campaign platform - a bullshit excuse tabled for the delay a few months ago.

Maybe AUD$150,000/day is not enough incentive for Felix.

 

[Roon]

Maybe AUD$150,000/day is not enough incentive for Felix.

In itself it's also not going to stop Zijin from proceeding to solidify their ground position in the northern tenement area. It's a hefty sum viewed in isolation, but if they drilled out and continue construction for another say 6 months and faced the resulting fine of 18m euro (plus the ticking payment from May til now) that's ultimately chickenfeed against the prospective value in winning that tenement - which will be in the tens of billions of euros at a minimum. I believe that a unethical behemoth like Zijin would view this as a necessary price to spend in risk v reward terms, to allow it to better argue that it should be at least allocated a permanent licence over this tenement, if not the lot, and build its standing to that end should it come to negotiations.

However there is another question entirely of whether this approach will significantly impact their chances at the ICC, and whether their actions will also impact the DRCs position at ICSID should these emergency injunctions also be implemented as expected. I would suggest the answer is yes, it would have a serious impact, but how that feeds into Zijin's risk/reward calculations is an open question. I suspect they will push on regardless, unless ordered to stop after the injunctive decision by the highest levels of government with associated promises. I don't see much likelihood of this, in the near term at least, so whilst they can I expect we'll see frenzied Zijin action in this zone and at Mpiana-Mwanga to build on the 'ground reality' they are clearly aiming to present as a fait accompli.

Let's hope we hear something of the MoU soon!

 

[wombat74]

In itself it's also not going to stop Zijin from proceeding to solidify their ground position in the northern tenement area. It's a hefty sum viewed in isolation, but if they drilled out and continue construction for another say 6 months and faced the resulting fine of 18m euro (plus the ticking payment from May til now) that's ultimately chickenfeed against the prospective value in winning that tenement - which will be in the tens of billions of euros at a minimum. I believe that a unethical behemoth like Zijin would view this as a necessary price to spend in risk v reward terms, to allow it to better argue that it should be at least allocated a permanent licence over this tenement, if not the lot, and build its standing to that end should it come to negotiations.

However there is another question entirely of whether this approach will significantly impact their chances at the ICC, and whether their actions will also impact the DRCs position at ICSID should these emergency injunctions also be implemented as expected. I would suggest the answer is yes, it would have a serious impact, but how that feeds into Zijin's risk/reward calculations is an open question. I suspect they will push on regardless, unless ordered to stop after the injunctive decision by the highest levels of government with associated promises. I don't see much likelihood of this, in the near term at least, so whilst they can I expect we'll see frenzied Zijin action in this zone and at Mpiana-Mwanga to build on the 'ground reality' they are clearly aiming to present as a fait accompli.

Let's hope we hear something of the MoU soon!

If that's the case would Zijin/Xi Jinping have the DRC let AVZ take this all the way through ICSID re the entire project including Roche Dure?

 

[9cardomaha]

Forum members and me.

Its not that we don't want to share, its that it takes a mountain of work to spoonfeed everyone on here and not cause mass hysteria on every piece of intel that is available.

On a side note, DRC making moves ahead of the election, Glencore is being squeezed by DRC at the moment to renegotiate their contract with Geca, to acquire output in lieu of cash returns or dividends - this is also likely to extend to other operators in country. Possibly something in the MOU?

 

[cruiser51]

In itself it's also not going to stop Zijin from proceeding to solidify their ground position in the northern tenement area. It's a hefty sum viewed in isolation, but if they drilled out and continue construction for another say 6 months and faced the resulting fine of 18m euro (plus the ticking payment from May til now) that's ultimately chickenfeed against the prospective value in winning that tenement - which will be in the tens of billions of euros at a minimum. I believe that a unethical behemoth like Zijin would view this as a necessary price to spend in risk v reward terms, to allow it to better argue that it should be at least allocated a permanent licence over this tenement, if not the lot, and build its standing to that end should it come to negotiations.

However there is another question entirely of whether this approach will significantly impact their chances at the ICC, and whether their actions will also impact the DRCs position at ICSID should these emergency injunctions also be implemented as expected. I would suggest the answer is yes, it would have a serious impact, but how that feeds into Zijin's risk/reward calculations is an open question. I suspect they will push on regardless, unless ordered to stop after the injunctive decision by the highest levels of government with associated promises. I don't see much likelihood of this, in the near term at least, so whilst they can I expect we'll see frenzied Zijin action in this zone and at Mpiana-Mwanga to build on the 'ground reality' they are clearly aiming to present as a fait accompli.

Let's hope we hear something of the MoU soon!

To be honest, regardless of the 24 hour/day security, Zijin will try asap to build a huge road block on the way to the drill cores library.
AVZ has to work as fast as possible with ICC and ICSID to kick the morons off the lease.

The Chinese will not stop with their brown bagging effort, they will try to buy every judge involved in this, anywhere in the world, much too much and easy money involved. If Felix does not get of his back quick smart, the only road will be via ICSID.

Why would Felix worry in the case he loses the election?

I would say the parts of the Power house, which have been removed for 'refurbishment', will go mysteriously missing in transport, in the case Zijin would be forced to hand the Power House back.

And if all fails Zijin has the option to push CKK under a bus big enough to get over the fuckers head.

 

[wombat74]

I am highly interested in the current state of the "said" MOU between AVZ and presumably the DRC Government

What is the content?

Who are the participants?

What are the objectives?

Who is accountable?

What conditions are involved?

How enforecable is the MOU if it's a non-binding agreement?

If anyone can add to the discussion I'd really appreciate the contribution because after getting the fucktard, anti-Australian, money grubbing, Tommy loving, MMGA, Chinese backed corrupted arseholes out of the way for the time being this for me is the next most critical piece of the puzzle

Disclaimer: And I mean this 100% .... don't share a fucking word of anything here on the open forum if it might prejudice the plans of the current BOD or assist the self serving c#nts trying to steal Manono from genuine shareholders/stakeholders and the good people of the DRC.....you know who those pricks are

"How enforecable is the MOU if it's a non-binding agreement?"

"The proposed signing of a BINDING MoU would provide for a stay of the ICSID proceedings while the DRC Government takes the necessary steps to comply with the DRC Mining Code at which time the ICSID proceedings could be withdraw" AVZ 15/11/23

It's binding baby . Like bondage but not as fun .

 

[Hudnut]

Possession is 9/10s.

Regardless of the outcome, we are going to have a hell of a time removing Zijin and Cominiere from the lease.

 

[Manook]

"How enforecable is the MOU if it's a non-binding agreement?"

"The proposed signing of a BINDING MoU would provide for a stay of the ICSID proceedings while the DRC Government takes the necessary steps to comply with the DRC Mining Code at which time the ICSID proceedings could be withdraw" AVZ 15/11/23

It's binding baby . Like bondage but not as fun .

They haven't cared about the rules/laws so far.

 

[LOCKY82]

In itself it's also not going to stop Zijin from proceeding to solidify their ground position in the northern tenement area. It's a hefty sum viewed in isolation, but if they drilled out and continue construction for another say 6 months and faced the resulting fine of 18m euro (plus the ticking payment from May til now) that's ultimately chickenfeed against the prospective value in winning that tenement - which will be in the tens of billions of euros at a minimum. I believe that a unethical behemoth like Zijin would view this as a necessary price to spend in risk v reward terms, to allow it to better argue that it should be at least allocated a permanent licence over this tenement, if not the lot, and build its standing to that end should it come to negotiations.

However there is another question entirely of whether this approach will significantly impact their chances at the ICC, and whether their actions will also impact the DRCs position at ICSID should these emergency injunctions also be implemented as expected. I would suggest the answer is yes, it would have a serious impact, but how that feeds into Zijin's risk/reward calculations is an open question. I suspect they will push on regardless, unless ordered to stop after the injunctive decision by the highest levels of government with associated promises. I don't see much likelihood of this, in the near term at least, so whilst they can I expect we'll see frenzied Zijin action in this zone and at Mpiana-Mwanga to build on the 'ground reality' they are clearly aiming to present as a fait accompli.

Let's hope we hear something of the MoU soon!

Well that's depressed me for the evening.

 

[Penskefile]

Riddle me this - if the DRC government cannot follow its own fucking laws (unless it suits their Chinese masters) how the fuck will a non-legally binding MOU be enforced?

Unless there is a rock-solid legally binding agreement to re-issue the ML on a set date, it should be a case of see you at the ICCSID mofos

 

[Roon]

Riddle me this - if the DRC government cannot follow its own fucking laws (unless it suits their Chinese masters) how the fuck will a non-legally binding MOU be enforced?

Unless there is a rock-solid legally binding agreement to re-issue the ML on a set date, it should be a case of see you at the ICCSID mofos

At least a binding MoU should provide a clear pathway of what is required for a PE to be delivered. Following the required steps should provide us with further ammunition in the case of DRC non-compliance to support our ICSID case and perhaps pressure a resolution once the legal eagles advise the authorities of the likely outcome of that award. Sure it's not the simple issuance of the licence that we desire or that the law and Mining Code call for, but I still view it as a step in the right direction. A failure to produce a signed MoU after all this, on the other hand, is a reasonable indicator that the government intends to give us a solid rat-fucking.

 

[MoneyBags1348]

Well a big thanks to @9cardomaha for what looks like the only sensible post on this page of the discussion thread today

Fuck me, how many fucken uninformed opinions and speculation can you shareholders fit on a page

My two bobs worth says Zijin know they are fucked and are trying to save face by carrying on this work, and its Cominiere who are the ones trying to convince everyone it’s Zijin’s tenement and power plant

But you lot keep projecting your fears, doubts and speculation by all means, as for me I’ll be saving this page to bring it up again and see who’s right.

Don't bother replying, I'll be signing off again until the time comes I have to read so much negativity, doubt and bullshit that I have to force myself to fucken say something again. Now I'll have to look for something to leave you lot with....

Ah yes….

 

[Hudnut]

Well a big thanks to @9cardomaha for what looks like the only sensible post on this page of the discussion thread today

Fuck me, how many fucken uninformed opinions and speculation can you shareholders fit on a page

My two bobs worth says Zijin know they are fucked and are trying to save face by carrying on this work, and its Cominiere who are the ones trying to convince everyone it’s Zijin’s tenement and power plant

But you lot keep projecting your fears, doubts and speculation by all means, as for me I’ll be saving this page to bring it up again and see who’s right

So removing Zijin from our lease is going to be a piece of cake?
My understanding is the arseholes invade leases all the time.
They just going to pack up their shit and stroll off into the sunset?

My point has nothing to so with whether we get the ML legally recognised or not, or whether they should be there.
I don't know what the go is with removing them.

 

[MoneyBags1348]

So removing Zijin from our lease is going to be a piece of cake?
My understanding is the arseholes invade leases all the time.
They just going to pack up their shit and stroll off into the sunset?

My point has nothing to so with whether we get the ML legally recognised or not, or whether they should be there.
I don't know what the go is with removing them.

Just save this page Hudnut, and we’ll compare notes about Zijin when the time comes…. Now I’m going