AVZ Discussion 2022

[Dazmac66]

After reading the above communication you have to wonder why the super smart, ridiculously highly paid lawyers at the icsid will need another 12 months to deliberate on this shit fight. What a fucking joke, it would take a day or two to read through every official document even at the pace I read! It baffles me that a group of corrupt imbeciles can derail a multi billion dollar undertaking with a whole "democratically" elected government just allowing the debacle to roll on. The opportunity cost to the people is staggering. A logical mind cannot process this utter stupidity.
Surely these clever dicks at the icsid know exactly what is going on after reading enough evidence to make an interim decision. Maximum frustration reached!
Have a great Australia Day everyone.

 

[JAG]

Happy Australia Day you lot

 

[hedrox]

Hang on!!

I think I've really spotted something

View attachment 55146

The images on Google Earth didn't change for more than a year.....nothing to see here chaps,

 

[wombat74]

Zijin v AVZ is going through the ICC but it's the same crap either way. Most of the waiting is just procedural bullshit. As well as delay tactics by Zijin and the arbiter needing breaks because they have the wrong mustard on their baguette or some shit.

This case was initiated by Zijin in May 2022 and the decision on the jurisdictional challenge is only now expected in late January 2024. If Zijin win the jurisdictional challenge then we still have the main part of the case to go through.

After our win in the provisional hearing to maintain the status quo (just the south for now) at the ICSID against the DRC government that case won't reach the first hearing on merits until June 2025 according to the schedule 9card outlined a few months back.

The time frames are just a scam to make more money for the lawyers. There is no good reason these cases couldn't be wrapped up in a 12 month time limit. I guess the difference for most companies is that they have more than one project running so if they do need to go through years of arbitration then they can still make money elsewhere and not need to go into suspension.

I have extremely high confidence that we will win every case if needed with the exception of possibly having legally ceded the old north split as I've talked about previously. But I think the writing is on the wall and in official announcements from AVZ management that a bad deal is better than a good trial for the company at this point.

What does a 'bad deal' look like ? In terms of either a stake in the project or a payout . What are our realistic chances of getting a ML ? I'm not buying into China only getting the North . They want the whole thing including Roche Dure . Will Felix go against his Chinese Masters? Highly doubtful. If Felix was concerned about ICSID would he have not settled with AVZ by now ?

 

[hedrox]

What does a 'bad deal' look like ? In terms of either a stake in the project or a payout . What are our realistic chances of getting a ML ? I'm not buying into China only getting the North . They want the whole thing including Roche Dure . Will Felix go against his Chinese Masters? Highly doubtful. If Felix was concerned about ICSID would he have not settled with AVZ by now ?

I kind of like it....Chinese takeover for a decent price. I could imagine even if AVZ gets the ML, there will be plenty of roadblocks on the way to production. A realistic starting point for negotiations would be at least the all time high share price of 1.36 $ minimum. With an all positive outcome at ICSID, plus a rising Lithium price, what's on the cards, I won't take anything less than 2 $.....I guess most shareholders would accept this outcome. Fingers crossed things are moving in the right direction....for now, switch off and enjoy a BBQ on the beach with friends and family.

 

[Doc]

What does a 'bad deal' look like ? In terms of either a stake in the project or a payout . What are our realistic chances of getting a ML ? I'm not buying into China only getting the North . They want the whole thing including Roche Dure . Will Felix go against his Chinese Masters? Highly doubtful. If Felix was concerned about ICSID would he have not settled with AVZ by now ?

im hoping that Felix is trying to play both sides of the fence. If he makes a decision before ICC/ICSID then the Chinese will accuse him of undermining them. If he makes decisions after courts make theirs ( in AVZ’s favour hopefully ) then he can save face to the overlords and say sorry chaps hands are tied we tried.

 

[wombat74]

im hoping that Felix is trying to play both sides of the fence. If he makes a decision before ICC/ICSID then the Chinese will accuse him of undermining them. If he makes decisions after courts make theirs ( in AVZ’s favour hopefully ) then he can save face to the overlords and say sorry chaps hands are tied we tried.

Thanks . What ICSID ruling are you referring to ? The recent ruling or the next ruling in 3 years time ? If the current ruling cannot get an outcome then are we not going for compensation $$$ game over ?

 

[LOCKY82]

im hoping that Felix is trying to play both sides of the fence. If he makes a decision before ICC/ICSID then the Chinese will accuse him of undermining them. If he makes decisions after courts make theirs ( in AVZ’s favour hopefully ) then he can save face to the overlords and say sorry chaps hands are tied we tried.

I reckon you could be spot on here, they're too in bed with the Chinese to not give them what they want and probably see siding with avz and going against their masters as a self pineappling!
Much easier have icc/icsid make the call and then drc bumholes escape the pineapples

 

[Kenno61]

Happy Australia Day you lot
View attachment 55208

 

[hedrox]

 

[tonster66]

View attachment 55318

He seems to be the only person who is not corrupt, a man of integrity

 

[Doc]

He seems to be the only person who is not corrupt, a man of integrity

Yes unfortunately has the least amount of power to effect change though

 

[Lucas Don Velor]

Zijin v AVZ is going through the ICC but it's the same crap either way. Most of the waiting is just procedural bullshit. As well as delay tactics by Zijin and the arbiter needing breaks because they have the wrong mustard on their baguette or some shit.

This case was initiated by Zijin in May 2022 and the decision on the jurisdictional challenge is only now expected in late January 2024. If Zijin win the jurisdictional challenge then we still have the main part of the case to go through.

After our win in the provisional hearing to maintain the status quo (just the south for now) at the ICSID against the DRC government that case won't reach the first hearing on merits until June 2025 according to the schedule 9card outlined a few months back.

The time frames are just a scam to make more money for the lawyers. There is no good reason these cases couldn't be wrapped up in a 12 month time limit. I guess the difference for most companies is that they have more than one project running so if they do need to go through years of arbitration then they can still make money elsewhere and not need to go into suspension.

I have extremely high confidence that we will win every case if needed with the exception of possibly having legally ceded the old north split as I've talked about previously. But I think the writing is on the wall and in official announcements from AVZ management that a bad deal is better than a good trial for the company at this point.

The north split debacle is a tricky one... unless the 'elusive' piece of evidence/paperwork is provided to ICC/ICSID!?!?

14 July 2021- Cominiere and Zijin entered into negotiations for 15% share. I believe funding for this came from the sell down of Bellamel Mining.

Up until 30 July 2021 Bellamel (Zijin) accumulated 80Mil shares without participating in the CR around that time. Between 30 July 2021 and 31 August 2021 Bellamel sold 10Mil shares and by 29 October 2021, Bellamel were not in the top 20... Sneaky???

 

[TheCount]

im hoping that Felix is trying to play both sides of the fence. If he makes a decision before ICC/ICSID then the Chinese will accuse him of undermining them. If he makes decisions after courts make theirs ( in AVZ’s favour hopefully ) then he can save face to the overlords and say sorry chaps hands are tied we tried.

Either outcome shows he is a weak politician.. Waiting for others instead of following his own agenda (remember the anti corruption platform?) is the root cause of our problem.

 

[Hodlandwin69]

anyone in Perth free to attend the supreme court on Thursday 1/2/24 to view the Fat Tail vs AVZ and co hearing?

 

[cruiser51]

 

[Doc]

https://x.com/mjkcongo/status/1751309175118852433?s=46&t=2s8tQi9U15Cu6kspC7PqnA

I wonder if spod was part of the deal…

 

[CHB]

A bad deal is having to settle for anything less than what we are legally entitled to because of the whims of Mr 73% rather than the law being followed. That could range from being bought out to having to accept Zijin in Dathcom with giving up the north somewhere inbetween.

My inkling is that the condition outlined in the ICSID decision regarding AVZ being asked to promise to progress the project immediately if the ML is granted came from the DRC government. Perhaps them trying to call AVZ management's bluff if they really believe we are just speculators.

Is it not weird that ICSID requests it?

Like making it a condition of ML. When really the ML should be given on the basis of AVZ already following the mining code.

I imagine management may be rushing now to renegotiate funding with the banks or some other party. I imagine what was previously agreed is now off the table given the macros and the timeframe since last agreement.

 

[Mr Clean]

Pretty clear to me that if a deal is not made in the next few months, we’ll have to wait for the final decision of the courts in 2025 and 2026. Which means we will likely be delisted in May. Pretty disastrous outcome for everybody

 

[Remark]

Nice fishing there @TDITD !

You're the first person to get a decent bite from @cominiereSA, he's becoming more & more unhinged.