I wonder if spod was part of the deal…
AVZ Discussion 2022
- Thread starter GazDix
- Start date
I wonder if spod was part of the deal…
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.
TDITD
Top 20
His lies and the pressure is taking a toll on him.
Great work to all who have been vocal on X
Cumquat Cap
Regular
Great work Paul, hopefully it is doing something to spread the word and not allow Felix the fat cunt to just ignore us in perpetuity.
Hopefully negotiations are moving quickly and Vital gets the PM spot.
Keep up the good work on X
Hopefully negotiations are moving quickly and Vital gets the PM spot.
Keep up the good work on X
Xerof
Have a Cigar 1975
Ask PeterG, he won’t know either
Carlos Danger
Top 20
Yeah it certainly is an odd one
Avz posted the ICC decision in French and English back in November. Strange that they haven't done the same with this recent ICSID ruling.
The fact that we have been asked to put in writing that we will progress the project immediately when, checks notes, that is the entirety of what our case is about is extremely suspicious to me
What if the licence is finalised for the south and then CATH does the old sweet chin music through the barbershop window to Nigel Jannetty by pulling funding. They did vote for MMGA and against the current bod at the AGM.
Would anyone else bank roll this shitshow especially now lithium prices have crashed?
All eyes on Mr Pei imo
Carlos,
I am not overly concerned if Cath pulls funding I would suspect that there would be many other contenders. Being mindful that this a very strategic Asset and it is likely to influence the Lithium Price into the future. It is not the current value that we need to focus on but the future value and the life of the mine.
Any good miner is likely to give both her nuts to be part of the project - however there needs to be enforceable commitments from the DRC.
The longer this drags on the greater the damage this does to future investments within the DRC.
My experience in 3rd World countries is that the locals tend to like working for the West due to in many circumstances better working conditions and higher pay. This is the last thing Sin Bin is likely to want.
Anyway, just a thought bubble - DYOR.
Regards,
Silent.
Azzler
Top 20
Yes Mr Danger, I've been rolling this around in my head for a while now and still quite baffled about it.
What exactly do you find suspicious? Like what do you suspect?
The best I can come up with is the other side banged on loudly acusing AVZ of not capable of developing a mine and only wanting to sell it off, and that is about the ONLY basis they have to deny us the ML.
I can't imagine they'd have any proof of this and it came down to a bunch of accusations with nothing to back them up.
In the interest of dealing with these utter children (The DRC Government), they simply included this clause so they had nothing else to say.
I mean they don't have any fucking thing to say really, they're thieving criminal scum, and that's just factual.
So ISCID tell DRC if AVZ break this promise, you will have cause to revoke their ML, and that removes your only protest...problem solved right? Ya bunch of crooked fucks.
This is of course just my guess at what is going on behind the scenes.
Anyone got any other ideas about that?
Surely Nigel has got his head around this and has a back up plan (partner) . He's known for 4 years the Chinese have been trying to F--k him over . Even a wood duck like me put a question mark on CATH . Why ? Because they are f--king Chinese .
Wombat,
You are correct. I am sure that Nigel has multiple fallback positions - I think that many of us recognise that all chinese companies are an extension of the CCP.
I think what an excellent outcome would be is if an American Company replaced Cath this would provide us with a solid base and security in my opinion.
Regards,
SilentOne
Scoota30
Regular
The risk v reward for CATH pulling out of the project just isn't there IMO. They would know that AVZ would have a secondary plan and in that case they would risk losing 24% ownership of the entire project as well as all of the product. The smart move from CATH/CCP is to have that deal as a backup in case they can't steal the entire project.
Cumquat Cap
Regular
anyone concerned about this quarterly due this week? i'm sure it will be pretty rough viewing.
Agree re CATH I think they will stick around as its a deal of the century in retrospect - but would love an American mob to come in (suspect they're too smart to invest significant capital in the DRC).
I do know mr 73% as CD puts it will be looking to leverage his majority into a few big ass paydays throughout the next 5 years
Agree re CATH I think they will stick around as its a deal of the century in retrospect - but would love an American mob to come in (suspect they're too smart to invest significant capital in the DRC).
I do know mr 73% as CD puts it will be looking to leverage his majority into a few big ass paydays throughout the next 5 years
Me personally, I would be happy for AVZ to default on the agreement.
I think it would be in our long term interests to do so - we should be putting as much distance between the CCP and Dathcom.
Just my thoughts - DYOR.
SilentOne.
To default now is to pay 20m. Soon we wont have 2m
That's generally what it means when you have no money
Similar threads
