AVZ Discussion 2022

[Dave Evans]

I originally wanted to go mining and saw the project as transformative for the DRC and also potentially for shareholders

Unfortunately with the shitfuckery I've seen I have become so disillusioned with the high ranking corrupt officials and politicians of the DRC and the perverse activities of China backed Zijin that I simply want out

If Nige can get the "right" deal and present it to shareholders I'd be all for it

Nut, unfortunately the level of corruption in the DRC and the length of time it has gone on for makes it difficult for anyone to believe anything will change.

But if you take into account that Kabila was the President of the DRC for nearly 20 years (2001 - 2019) and Tshisekedi could have worked with him and lined both their pockets. Instead Tshisekedi ousted Kabila and since then has had to find a balance between keeping all the corrupt ministers that carry a majority of votes on side while at the same time giving more power to the IGF to expose and slowly deal with the ingrained corruption.

Haut Katanga carries the most votes in the DRC outside of North and South Kivu and I think this is where Adele Kayinda and Guy Loando get a large majority of votes.

Truth is I would have to fact check that last paragraph to be sure, but from memory I think that’s the case.

If he wins the election, which looks likely, we may see him being able to make progress moving us forward. He would only have another 5 years in power to leave a legacy of having fought corruption and getting the Manono project started by Dathcom, which would also put him and the DRC in a better light to international investors, the IMF and World Bank.

I don’t worry about giving my opinion on which way it will go, I just look for the more positive scenarios and outcomes

 

[wombat74]

Nut, unfortunately the level of corruption in the DRC and the length of time it has gone on for makes it difficult for anyone to believe anything will change.

But if you take into account that Kabila was the President of the DRC for nearly 20 years (2001 - 2019) and Tshisekedi could have worked with him and lined both their pockets. Instead Tshisekedi ousted Kabila and since then has had to find a balance between keeping all the corrupt ministers that carry a majority of votes on side while at the same time giving more power to the IGF to expose and slowly deal with the ingrained corruption.

Haut Katanga carries the most votes in the DRC outside of North and South Kivu and I think this is where Adele Kayinda and Guy Loando get a large majority of votes.

Truth is I would have to fact check that last paragraph to be sure, but from memory I think that’s the case.

If he wins the election, which looks likely, we may see him being able to make progress moving us forward. He would only have another 5 years in power to leave a legacy of having fought corruption and getting the Manono project started by Dathcom, which would also put him and the DRC in a better light to international investors, the IMF and World Bank.

I don’t worry about giving my opinion on which way it will go, I just look for the more positive scenarios and outcomes

My immediate concern is securing the $20 mil . No mon . No fun .

 

[Cumquat Cap]

Anyone seeing Marius thinking DLA Piper are spreading rumours about him?

He also mentioned on X, the issues avz are facing are due to nasty comments on X (nothing to do with mass corruption by anyone who gets close to a position of power).

He turned out to be a massive failure and good luck suing DLA Piper

 

[Carlos Danger]

Anyone seeing Marius thinking DLA Piper are spreading rumours about him?

He also mentioned on X, the issues avz are facing are due to nasty comments on X (nothing to do with mass corruption by anyone who gets close to a position of power).

He turned out to be a massive failure and good luck suing DLA Piper

That's weird. Because the difficulties were happening before AVZ shareholders said anything. Initial sentiment on the forums and Twitter was it will be sorted within days and shorts will burn. It is an insult to anyone with a brain to suggest that the DRC government's failure to follow it's own mining code, which doesn't mention hurt feelings, is because of comments by people on social media who may not even be AVZ shareholders instead of corruption.

Marius stopped working when he couldn't secure the extra 5mil. He admitted himself that the only meeting he teed up with Felix was before DLA Piper's report. Thank fuck DLA Piper did limit the money Nigel wasted on him. Management have made the right decision to keep paying DLA Piper instead of Marius as they are at least securing some progress in negotiations with arbitration instead of us being completely ignored like up until the end of May when Marius's contract ran out.

 

[Cumquat Cap]

Couldn't agree more, complete grifter and representative of the DRC government (pay to play).

I am biting my tongue like crazy on X as i'd love to rip into him but best leave it be for a while longer

 

[obe wan]

Couldn't agree more, complete grifter and representative of the DRC government (pay to play).

I am biting my tongue like crazy on X as i'd love to rip into him but best leave it be for a while longer

100% @cumquat best not poke that bear ; that one could whipsaw real quick

 

[cruiser51]

Gosh, no trolls on the crapper.
Maybe they are all off to the troll convention in Shanghai, or all funds are withdrawn.

 

[LOCKY82]

Couldn't agree more, complete grifter and representative of the DRC government (pay to play).

I am biting my tongue like crazy on X as i'd love to rip into him but best leave it be for a while longer

I can almost 100% garuntee that you giving him a hard time on x won't be helpful in any way

 

[Dazmac66]

Gosh, no trolls on the crapper.
Maybe they are all off to the troll convention in Shanghai, or all funds are withdrawn.

Maybe they know what is going down in Washington.

 

[BEISHA]

Merry Xmas DRC.....

Article courtesy of @Frank

 

[protoje]

Anyone know why we don’t have an update?

 

[CHB]

Anyone know why we don’t have an update?

Makes sense to update when there is an outcome

 

[Cumquat Cap]

AVZ always go completely dark after they get a win at the AGM in my experience, maybe they're all on leave now?

 

[BEISHA]

Actualité | Détournement : quelle mesure pour le prochain chef de l’Etat ? | mediacongo.net

Le 20 décembre 2023, les Congolais vont voter pour un nouveau président de la République. L’un des maux qui rongent le pays est le...

www.mediacongo.net

No indication that the DRC elections are going to be postponed........

This article is stating the obvious, but what will be the reality?

I certainly hope the IGF gets respected going forward, cause it certainly hasn t been in the past regards to Manono!!

( double click for english translation )

6 days to go.

 

[BEISHA]

Not that we need any evidence about how tough the DRC locals are doing, but this article is just another stark reminder.

Actualité | Kasaï-Oriental : à Mbuji-Mayi pour la campagne électorale, Félix Tshisekedi à l'écoute de la misère de la population | mediacongo.net

Le président de la République sortant et candidat à sa propre succession, Félix-Antoine Tshisekedi Tshilombo, a entamé depuis ce mardi 12...

www.mediacongo.net

Kasai road workers earn 7000fc a day............a 3kg scoop of corn is now worth 8000fc

Misery personified is what was expressed to FT!!...........rightly so.

I wonder if FT had the gall to wear that gold rolex watch when addressing the starving crowd ?..

Meanwhile the solution to the poverty is still sitting on surface , hundreds of million tonnes of white gold just waiting to be converted to billions upon billions of dollars to elevate lifestyles , but put on hold by sections of the DRC govt for their greedy self gain , dictated by China who dont give a fuck about the travesty at hand, just interested in control.

Disgusting.

Will this upcoming election be the pivot for desperate change ?

NFI.

 

[9cardomaha]

Was the hearing in Washington merely formalities? Would like to know what transpired even just an acknowledgement that the everyone showed up to the teleconference would do.
Hello AVZ.... Is anyone home

The seat of ICSID tribunal is Paris.

All parties were present, DLA has a solid ICSID veteran team. This is a different team from the ones repping ICC, because the legal framework have subtle differences.

Nige was on the virtual hearing as an observer.

Strong arguments made by DLA, pretty much aligned with my previous comments and thoughts on our approach - a few additional bits and pieces that have come out recently, just strengthening our case.

Tribunal chair made closing statements, asked questions of both DRC and AVZ for some clarity, more questions to DRC than us so good sign.

Verdict before Christmas - DLA still looking like Lebron, or even just shooting from half-court with 90% accuracy.

 

[Thaz]

The seat of ICSID tribunal is Paris.

All parties were present, DLA has a solid ICSID veteran team. This is a different team from the ones repping ICC, because the legal framework have subtle differences.

Nige was on the virtual hearing as an observer.

Strong arguments made by DLA, pretty much aligned with my previous comments and thoughts on our approach - a few additional bits and pieces that have come out recently, just strengthening our case.

Tribunal chair made closing statements, asked questions of both DRC and AVZ for some clarity, more questions to DRC than us so good sign.

Verdict before Christmas - DLA still looking like Lebron, or even just shooting from half-court with 90% accuracy.

Thanks mate

Appreciate the insights.

I'd love to know how you get the info, but would rather you keep that tight and offer up unofficial and unverified info to us in the first instance!

 

[9cardomaha]

Thanks mate

Appreciate the insights.

I'd love to know how you get the info, but would rather you keep that tight and offer up unofficial and unverified info to us in the first instance!

 

[Dazmac66]

Many thanks 9card, and will never ask how you know such things!

 

[BRICK]

The seat of ICSID tribunal is Paris.

All parties were present, DLA has a solid ICSID veteran team. This is a different team from the ones repping ICC, because the legal framework have subtle differences.

Nige was on the virtual hearing as an observer.

Strong arguments made by DLA, pretty much aligned with my previous comments and thoughts on our approach - a few additional bits and pieces that have come out recently, just strengthening our case.

Tribunal chair made closing statements, asked questions of both DRC and AVZ for some clarity, more questions to DRC than us so good sign.

Verdict before Christmas - DLA still looking like Lebron, or even just shooting from half-court with 90% accuracy.

Christmas present from the DRC might be nice