Hodlandwin69
Regular
Previously I could find this on the eCourts Portal, but now I can't. ?dropped case?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Cumquat Cap
Regular
waiting for ICSID interim measures and expect ICC against Zijin response in late Jan. Hope that spurs something to happen this logjam is a fucking joke.
DRC makes my blood boil, their leaders don’t care at all for residents. Part of the reason I hope we’re bought out as DRC is not ready for western business, stuck in the dark ages
DRC makes my blood boil, their leaders don’t care at all for residents. Part of the reason I hope we’re bought out as DRC is not ready for western business, stuck in the dark ages
For us its seen as a logjam but obviously not for Zijin. They still onsite moving forward with drilling and refurbing the hydro dam. We need a decision/ruling that puts a stop to all this ( if there even is a ruling that Zijin will take notice of..... )
Carlos Danger
Top 20
yep hence " ( if there even is a ruling that Zijin will take notice of..... )"
Carlos Danger
Top 20
Cumquat Cap
Regular
I think we will know fairly soon how Felix is going to play this, once he has confirmed majority in the senate he can make the decision he wants.
Hopefully it is in favour of the business climate as opposed to enriching himself so he can retire in Belgium.
Has dragged on so fucking long. Carlos, what % do you put it on a positive outcome? I’m thinking Z and CATH will have to buy us out and I doubt it’s above all time high sadly
Hopefully it is in favour of the business climate as opposed to enriching himself so he can retire in Belgium.
Has dragged on so fucking long. Carlos, what % do you put it on a positive outcome? I’m thinking Z and CATH will have to buy us out and I doubt it’s above all time high sadly
For what its worth I'd be fairly surprised if Felix was even remotely interested in the success of AVZ. I'd say a buyout offer that is enough to get avz to drop legal cases is the most logical. Though we haven't seen much logic from the DRC so far.
BRICK
Top 20
Hmmm... If an offer is already made, would that have to be disclosed to market while we are in a halt?
Carlos Danger
Top 20
There's a broad spectrum of what could be considered a positive outcome so it's hard to put a number on it
Management won't accept below ath in a complete buy out imo
Carlos Danger
Top 20
MMCS were frozen out of Manono for not doing any work and then were randomly given 5% of Dathcom at the whim of the MoP to try and rat fuck us further before the ICC laughed them out of the room
The whole system is cooked
Cumquat Cap
Regular
So 1.90 aud less 28% DRC tax leaves us at 1.37 aud or ath - roughly 4.10b aud Mcap - 2.77 usd mcap - what the fuck are you waiting for Zijin you cunts
Title: Safeguarding Manono: AVZ Minerals as a Key Player in Balancing Lithium Control
Introduction:
The Democratic Republic of Congo's (DRC) Manono region, harboring the world's largest lithium deposits, has garnered global attention, with concerns rising over the potential consequences of China gaining control. Examining historical patterns reveals significant apprehensions regarding the welfare of the local population and strategic control of the hydro power plant. While China's involvement (by proxy) is a focal point, it is crucial that AVZ Minerals retains control and would be the best outcome in ensuring equitable outcomes for all stakeholders.
Historical Context:
Historically, resource-rich regions partnering with global economic powerhouses have faced challenges related to resource exploitation, environmental degradation, and uneven distribution of benefits. To avoid perpetuating such issues, a careful examination of potential negative repercussions is necessary.
Local Welfare:
The extraction of lithium in Manono presents a unique opportunity for economic development in the DRC. However, historical instances demonstrate that local populations do not always benefit proportionately from resource extraction. Ensuring that the wealth generated from lithium reserves directly contributes to local communities' well-being is crucial to avoiding social inequality.
Environmental Impact:
Lithium extraction involves industrial processes with significant environmental implications. Without careful oversight, the fragile ecosystems in Manono may suffer damage, impacting local livelihoods. Stringent environmental regulations and responsible practices are essential to mitigate potential negative consequences.
Hydro Power Plant Control:
Strategic control of the hydro power plant in Manono adds another layer of concern. This vital energy source can influence the region's power dynamics and may compromise the DRC's sovereignty if not managed carefully. Local governance must be empowered to oversee and regulate the operations of the hydro power plant to ensure sustainable energy development.
AVZ Minerals as a Solution:
AVZ Minerals is a pivotal player in mitigating potential negative repercussions associated with China's aspirations of control over Manono's lithium reserves. As a mining company committed to responsible and sustainable practices, AVZ is poised to contribute positively to the region's development.
Just a thought bubble - SilentOne - DYOR
Introduction:
The Democratic Republic of Congo's (DRC) Manono region, harboring the world's largest lithium deposits, has garnered global attention, with concerns rising over the potential consequences of China gaining control. Examining historical patterns reveals significant apprehensions regarding the welfare of the local population and strategic control of the hydro power plant. While China's involvement (by proxy) is a focal point, it is crucial that AVZ Minerals retains control and would be the best outcome in ensuring equitable outcomes for all stakeholders.
Historical Context:
Historically, resource-rich regions partnering with global economic powerhouses have faced challenges related to resource exploitation, environmental degradation, and uneven distribution of benefits. To avoid perpetuating such issues, a careful examination of potential negative repercussions is necessary.
Local Welfare:
The extraction of lithium in Manono presents a unique opportunity for economic development in the DRC. However, historical instances demonstrate that local populations do not always benefit proportionately from resource extraction. Ensuring that the wealth generated from lithium reserves directly contributes to local communities' well-being is crucial to avoiding social inequality.
Environmental Impact:
Lithium extraction involves industrial processes with significant environmental implications. Without careful oversight, the fragile ecosystems in Manono may suffer damage, impacting local livelihoods. Stringent environmental regulations and responsible practices are essential to mitigate potential negative consequences.
Hydro Power Plant Control:
Strategic control of the hydro power plant in Manono adds another layer of concern. This vital energy source can influence the region's power dynamics and may compromise the DRC's sovereignty if not managed carefully. Local governance must be empowered to oversee and regulate the operations of the hydro power plant to ensure sustainable energy development.
AVZ Minerals as a Solution:
AVZ Minerals is a pivotal player in mitigating potential negative repercussions associated with China's aspirations of control over Manono's lithium reserves. As a mining company committed to responsible and sustainable practices, AVZ is poised to contribute positively to the region's development.
- Local Engagement and Empowerment: AVZ Minerals prioritizes community engagement and ensures that local communities benefit from the economic opportunities created by lithium extraction. This commitment helps address historical disparities and fosters a sense of ownership among the local population.
- Sustainable Mining Practices: AVZ is dedicated to implementing environmentally responsible mining practices. By adhering to stringent environmental standards, AVZ aims to minimize the ecological impact of lithium extraction, safeguarding Manono's delicate ecosystems.
- Transparent Governance: AVZ Minerals advocates for transparent governance structures, reducing the risk of corruption and ensuring that decisions related to lithium extraction are made with the best interests of the local population the DRC in mind.
- Fairer outcomes: AVZ Minerals actively discourage corruption at all levels of management and governance, leading to a greater equity in the distribution of the benefits resulting from lithium mining.
Just a thought bubble - SilentOne - DYOR
Surely with the release of CDL announcement DLA Piper have told ICSID their total compensation claim, You'd think they would just be waiting to see the courts outcome and total award to see what's cheaper, while continuing with work on the ground.
It's that simple. They don't care, and they don't want to wait anymore because they know they will have Manono. They will buy us out.
Azzler
Top 20
My thoughts too, they know they'll get it one way or another so they may as well just begin work.
Scoota30
Regular
Lets not forget we have been in suspension since May 2022. Going off inflationin the DRC, if we add 4.65% for the second half of 2022 and then another 23.3% so our "All time High" is actually $1.76 AUD. Then add on the fuckaround factor and you actually end up at $12 USD as our minimum ATH price.........
" the world's largest lithium deposits, has garnered global attention"
Agree with most of the above however I question this point. Where is the evidence that our government is acting or gives a flying F#ck about AVZ? Where is the evidence that the USA is even aware of what is happening. Maybe time for AVZ to go ballistic on letting those who will be affected know what is going on. China will flood the market with cheap lithium bankrupting any marginally profitable lithium miners then buy them up for chicken feed. Total domination of the green transition strategic minerals sector. The lack of support from the west is truly staggering. First time I have said this through his whole debacle - get us anywhere near the ATH and I'm out, never ever ever to contemplate investing in Africa again.
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