AVZ Discussion 2022

[wombat74]

When do we start paying new members of the BoD ? How much are we paying them ? How long will it take for Locke to decide whether they would like to loan us money ? Lets hope they pull their finger out and make a decision ASAP . They have until end of March by which time AVZ $$$ will be running on fumes . What's AVZ's back up plan if Locke don't come up with the coin ? How quickly can we call on penalty dollars accrued by Cominiere ? If things start getting tight will Nigel and crew take a pay cut or work for free ? ICSID forces DRC gov to consider an MoU as a pathway to the ML OR ICSID forces DRC gov to take another approach to stall and delay tactics? How long do AVZ wait before we call BS ? Can China draw out the elections for weeks or months to suit their objectives ?

 

[BEISHA]

When do we start paying new members of the BoD ? How much are we paying them ? How long will it take for Locke to decide whether they would like to loan us money ? Lets hope they pull their finger our and make a decision ASAP . They have until end of March by which time AVZ $$$ will be surviving on fumes . What's AVZ's back up plan if Locke don't come up with the coin ? How quickly can we call on penalty dollars accrued by Cominiere ? If things start getting tight will Nigel and crew take a pay cut or work for free ? ICSID forces DRC gov to consider an MoU as a pathway to the ML OR ICSID forces DRC gov to take another approach to stall and delay tactics? How long do AVZ wait before we call BS ? Can China draw out the elections for weeks or months to suit their objectives ?

 

[Xerof]

Real quiet around here post AGM...

Perhaps we are?

 

[tonster66]

DRC would be in caretaker mode, should they follow this convention. This means that we will not get any outcome until the next government is sworn in.

 

[Retrobyte]

When do we start paying new members of the BoD ? How much are we paying them ?

According to the rem statement in the annual report the NEDs get $60k each pa, so the new directors are not a massive financial drain. JC gets more as Chair.

 

[CHB]

Does anybody have the court cases timeline available, there was an amazing post but I didn't save it.

Post in thread 'AVZ Discussion 2022' https://thestockexchange.com.au/threads/avz-discussion-2022.78/post-399350

 

[Remark]

Caption this & post on Twitter / X....

 

[BRICK]

Caption this & post on Twitter / X....

View attachment 51301

I bet I can fit this microphone right up my ass through my mouth….
Schluuurrrppp

 

[BEISHA]

Caption this & post on Twitter / X....

View attachment 51301

Caption that....

 

[Dave Evans]

Caption this & post on Twitter / X....

View attachment 51301

I don’t know how to add captions to photos but how about

“I took a bribe from Zijin, ripped the DRC off $120 million and stole this from Dathcom after AVZ spent $100 million developing it”

 

[Dave Evans]

I don’t know how to add captions to photos but how about

“I took a bribe from Zijin, ripped the DRC off $120 million and stole this from Dathcom after AVZ spent $100 million developing it”

Or how about

“I’m a lying dog that takes bribes and rips off my own country and it’s people”

 

[Dave Evans]

Or how about

“I’m a lying dog that takes bribes and rips off my own country and it’s people”

Or

“I will be doing a lot of this while I’m in Makala prison”

 

[Xerof]

Zijin shit fighting still goes on elsewhere. This has been over 5 years now. They tried to sneak a tenement holding past the keeper by registering the 'new' company using the same registration number as the 'old' company.

Just for the records, they are a law unto themselves

 

[Xerof]

Caption this & post on Twitter / X....

View attachment 51301

thats apparently the G Spot, but I'm buggered if I can find it

 

[wombat74]

Caption this & post on Twitter / X....

View attachment 51301

" This is where I want you to bury the cash . "

 

[Cumquat Cap]

So Zijin are drilling the north, our Management seem to not be phased by this but it worries me greatly - they are purposely making themselves entrenched yet Nigel says no worries, assume that's just a front and do not trust his judgement given what he has said the last 2 years.

These guys care little for international laws its fkn mental

 

[9cardomaha]

Post in thread 'AVZ Discussion 2022' https://thestockexchange.com.au/threads/avz-discussion-2022.78/post-399350

Does anybody have the court cases timeline available, there was an amazing post but I didn't save it.

ZJ v AVZ - ICC

Claim: AVZ does not recognize Zijin as a shareholder in Dathcom (15% ROFR)

Sep 2023 - hearing on jurisdiction completed
Nov 2023 - submissions on jurisdiction
Feb 2024 - verdict on jurisdiction - likely to rule in our favour

Nov 2023 - emergency submission to throw the case out in light of 15775 and the return of shares in Dathcom.
Dec 2023 - ruling on emergency submission to throw the case out - pending, but unlikely


AVZ v Dathomir - ICC

Claim: 10% from Dathomir which has been illegally terminated

Oct 2023 - provisional measures requested by AVZ to remove Dathomir's request to dissolve DATHCOM JV (given it is no longer part of the JV)
Verdict pending, highly likely to rule in our favour, Jan 2024


AVZ v Dathomir - ICC

Claim: 5% from Dathomir which has been illegally terminated

DLA requested consolidation with the above case to address all 15% at once.
Verdict will likely come alongside the provisional measures, likely to consolidate.


AVZ v Cominiere - ICC

Claim: Cominiere illegally terminated JVA and breached contractual obligations (including ROFR)

May 2023 - Emergency injunction 1 granted, 50k euros daily penalty for any action cominiere takes with adverse effects to Dathcom
Nov 2023 - Emergency injunction 2 granted, additional 50K penalty which now includes 15775 and restricts cominiere from working on the tenement
Dec 2023 - Panel constituted and hearing on measures for enforcement.
Verdict likely to come mid Jan 2024 on the enforcement of Emergency Injunction, before going into other remedies and issues


Cominiere + ZJ v AVZ - ICC

Claim: AVZ triggered ministerial decree 00031, and detractors claiming damages of $1b

Sep 2023 - ICC refused ZJ's request to delay and consolidate case with ZJ v AVZ.
Dec 2023 - Tribunal to be constituted followed by submissions
Verdict won't come till late 2024 - pure fund drainer IMO


AVZ v DRC - ICSID

Claim: DRC breached mining code and unlawful termination of 13359

Oct 2023 - AVZ files emergency request to maintain status quo
Nov 2023 - ICSID takes note of ICC and issues provisional measures to be heard in Dec 2023
Dec 2023 - first virtual hearing 11th Dec
Verdict will come before Christmas to order complete stop of development at Manono by companies other than Dathcom.

 

[9cardomaha]

So Zijin are drilling the north, our Management seem to not be phased by this but it worries me greatly - they are purposely making themselves entrenched yet Nigel says no worries, assume that's just a front and do not trust his judgement given what he has said the last 2 years.

These guys care little for international laws its fkn mental

It's the way Fasken has been arguing the cases - ZJ is not part of the proceedings, so the Arbitrator does not have the authority to order their subsidiary to stop works. Cominiere sitting idle but ZJ continuing to drill is technically not in breach of the injunction etc.

But ZJ communicating with Cominiere and CKK the dumbfuck keeps posting 'their' magnificent work on X.... So let's get to enforcement of EA and then see who's laughing.

My comment on Fasken getting in on ICSID being not ideal for us still remains true, but i don't think ICSID will say it doesn't have jursidiction.... So bring on provisional measures from ICSID and then apply international legal pressure on ZJ not just Cominere.

 

[Cumquat Cap]

Fantastic summary - do we think ICSID provisional measures (assume we're successful based on ICC winning) would be enough to stop Cominiere/Z drilling on our tenement?

 

[wombat74]

So Zijin are drilling the north, our Management seem to not be phased by this but it worries me greatly - they are purposely making themselves entrenched yet Nigel says no worries, assume that's just a front and do not trust his judgement given what he has said the last 2 years.

These guys care little for international laws its fkn mental

IMO the North is long gone . My argument months ago(along with a few others ) was give them CDL if it means we can keep RD . Looks to me like that might now be the compromise we have to make . At this point I'd rather a decent offer $$$$ if it's an option ( above ATH ). No one is going to trust these c--ts even if we get a ML . DRC /China can drag this out for as long as they want . Nigel needs to secure and guarantee every Share Holder's investment ASAP and get us the f--k out of this situation . I re- watched the interview with Cantor Fitzgerald last night . Nigel's glowing report of the DRC gov and our relationship with them almost made me throw up . IMO