AVZ Discussion 2022

[Roon]

Zijin advertising for 30 expat supervisory types for Manono suggests they are not anticipating stopping their activities in the northern tenement anytime soon, despite ICSID's emergency injunctions (hopefully) imminently coming into play - stipulating a halt of all non-Dathcom development of Manono.

Let's hope the DRC government are more concerned of the potential implications and insist on a pause whilst negotiating a way forward.

 

[Cumquat Cap]

Roon, can you please head back to hotcrapper and publicly tell our detractors we're ready to settle please?

That will bode well at the negotiating table

 

[Deleted member 2378]

it is requested by DLA today along with other measures - verdict within 15 days on whether they are adopted.

Do you know how big our chances are to get the measures? I bloody hope zijin don’t make it that the measures get rejected

 

[9cardomaha]

Do you know how big our chances are to get the measures? I bloody hope zijin don’t make it that the measures get rejected

95%+. We have ICC measures already granted as precedence, current ICSID arguments from DRC echo the ones that Cominiere used at ICC.

DLA are using the same arguments, plus some additional content based on the mining code against DRC, with added ICC precedence. All very solid in legal terms. We are seeking a protection of the status quo which is to maintain the current state until ICSID and ICC issue final verdicts, which is the duty of the tribunal.

 

[Peterg]

Is there a ICC hearing today?

 

[Cumquat Cap]

ICSID hearing was overnight last night, correct.

Hopefully we stuck it right to those pricks

 

[robface]

ICSID hearing was overnight last night, correct.

Hopefully we stuck it right to those pricks

Hopefully we get an announcement today on when the verdict will be.

 

[SilentOne]

As per the ICSID site

Case Details | ICSID

icsid.worldbank.org

View attachment 51861

 

[LOCKY82]

 

[Carlos Danger]

View attachment 51862

The DRC government got more law firms representing them than there are rappers in the wu tang clan

They stop getting paid if we get the licence so there is no chance this ends anytime soon without AVZ giving up the north imo

 

[LOCKY82]

The DRC government got more law firms representing them than there are rappers in the wu tang clan

They stop getting paid if we get the licence so there is no chance this ends anytime soon without AVZ giving up the north imo

Why give it up?! If they want it they should have to pay something!! Legally it is ours isn't it!?!?

 

[Carlos Danger]

Why give it up?! If they want it they should have to pay something!! Legally it is ours isn't it!?!?

I think the quickest and most harmonious way out of this shitshow is to negotiate a deal on the north under the old split where we get a free carried minority ownership percentage of Manono Lithium with a deal to share the power plant

So we end up with 51% or 66% of the south and around 15% of the north at no cost allowing us to still have long term exposure to the entire deposit

From information available we gave up the north under the original split. Dathcom submitted a waiver and mining code says this means the area ceded automatically goes back to the state for the tender process. Not that the DRC government have any intention of allowing anyone but Zijin to have it.

Allegedly management have supporting documents that say we keep the north but so far they are yet to surface. Although this contradicts the claim that we will be part of a JV for the north in the May 4th 2022 announcement for the mining licence decree.

Our entire case at the ICSID is about the survival of our acquired rights which is a PE for the south only. Yes the DRC government could overrule this and grant a PE for the entire 13359 in accordance with the mining code but they haven't in the last 19 months. And I don't think they have any intention of ever changing that.

Nigel dropping that quote about sitting down to do a deal on the north in the new year wasn't accidental imo

 

[Retrobyte]

The DRC government got more law firms representing them than there are rappers in the wu tang clan

One of them is a former French justice minister

 

[wombat74]

I think the quickest and most harmonious way out of this shitshow is to negotiate a deal on the north under the old split where we get a free carried minority ownership percentage of Manono Lithium with a deal to share the power plant

So we end up with 51% or 66% of the south and around 15% of the north at no cost allowing us to still have long term exposure to the entire deposit

From information available we gave up the north under the original split. Dathcom submitted a waiver and mining code says this means the area ceded automatically goes back to the state for the tender process. Not that the DRC government have any intention of allowing anyone but Zijin to have it.

Allegedly management have supporting documents that say we keep the north but so far they are yet to surface. Although this contradicts the claim that we will be part of a JV for the north in the May 4th 2022 announcement for the mining licence decree.

Our entire case at the ICSID is about the survival of our acquired rights which is a PE for the south only. Yes the DRC government could overrule this and grant a PE for the entire 13559 in accordance with the mining code but they haven't in the last 19 months. And I don't think they have any intention of ever changing that.

Nigel dropping that quote about sitting down to do a deal on the north in the new year wasn't accidental imo

Agree. Time and money also not on our side . I think 8 rigs drilling CDL is a big enough hint as to which way this is going .

 

[cruiser51]

I thought it is pretty obvious, whatever happens Nigel will have to sit down to do a deal.

The court cases are to stop Zijin/ Cominiere in their track and improve AVZ's negotiating position.

I thought also the purpose of the ICSID is to bring the parties to the negotiating table, with a stick behind the door, just in case.

Legally fighting for financial damages is a last resort, just in case the DRC wishes to give a big fat finger.
I don't know if the DRC can afford that, too many other repercussions highly likely.
All imo.

 

[cruiser51]

One of them is a former French justice minister

And she is as crook as Nicolas Zarkozy

 

[muks]

I think the quickest and most harmonious way out of this shitshow is to negotiate a deal on the north under the old split where we get a free carried minority ownership percentage of Manono Lithium with a deal to share the power plant

So we end up with 51% or 66% of the south and around 15% of the north at no cost allowing us to still have long term exposure to the entire deposit

From information available we gave up the north under the original split. Dathcom submitted a waiver and mining code says this means the area ceded automatically goes back to the state for the tender process. Not that the DRC government have any intention of allowing anyone but Zijin to have it.

Allegedly management have supporting documents that say we keep the north but so far they are yet to surface. Although this contradicts the claim that we will be part of a JV for the north in the May 4th 2022 announcement for the mining licence decree.

Our entire case at the ICSID is about the survival of our acquired rights which is a PE for the south only. Yes the DRC government could overrule this and grant a PE for the entire 13359 in accordance with the mining code but they haven't in the last 19 months. And I don't think they have any intention of ever changing that.

Nigel dropping that quote about sitting down to do a deal on the north in the new year wasn't accidental imo

Fuck that, sell the lot.

 

[grassseeds]

AVZ needs a convincing win from the court action to stay in the game. This would assist in gaining more capital and having support for continuing legal actions. If AVZ loses access to the North and also the Power Station, Zijin will go full bore on developing the North and this would diminish AVZ's ability to compete for sales Internationally.
My perception is that AVZ needs to win all the court cases so that they can do a deal to sell the project. Unfortunately, the Chinese influence in DRC is a potential blocker to get any non-Chinese competitive bidders.
For those shareholders expecting big returns on their AVZ investment, I suspect whatever happens everyone will be very disappointed.

 

[LOCKY82]

AVZ needs a convincing win from the court action to stay in the game. This would assist in gaining more capital and having support for continuing legal actions. If AVZ loses access to the North and also the Power Station, Zijin will go full bore on developing the North and this would diminish AVZ's ability to compete for sales Internationally.
My perception is that AVZ needs to win all the court cases so that they can do a deal to sell the project. Unfortunately, the Chinese influence in DRC is a potential blocker to get any non-Chinese competitive bidders.
For those shareholders expecting big returns on their AVZ investment, I suspect whatever happens everyone will be very disappointed.

You must be a hit at parties!

 

[9cardomaha]

You must be a hit at parties!

human centipede parties.