Yeah it would have and so would your money.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Cumquat Cap
Regular
yeah it would be at about 15 cents a share
Still a profit
Mute22
Regular
15c with no ML and the current sector sentiment would be a pipe-dream. Think <5c.
Scoota30
Regular
Dave Evans
Regular
Yeh I probably should have kept that private, now the trolls will be wondering if they can use it to feed panic.
I only used it to remind the ICC, ICSID and World Bank. My personal view is the DRC aren’t looking the other way, they’ve been embarrassed by this debacle and trying to negotiate their way out of the mess they created. On top of that I don’t think the new ministry has been sworn in yet.
You know what gets me, for the last two years winger’s and whiner’s were complaining about not getting announcements. We have had multiple announcements, many of which a lot of fuckers couldn’t even wrap their heads around, and it looks like it’s on again
That’s the last post here from me mate
Last edited:
Scoota30
Regular
With the IGF report now being like 13 months old though and Felix well aware of the case by now with Nigel mentioning at the AGM that he has sat down with Felix (but that he also took a meeting with Pei from memory without us), if Felix was embarrassed wouldn't he just drop the axe and destroy Celestine, Comineire, the Green mamba?? He's wont majority government now, how hard is it really for him to issue a presidential decree and throw a heap of people under the bus but send a strong signal to the DRC and the rest of the world that they actually do mean business?
The negotiation should consist of: "We the DRC have utterly fucked up here and that has been proven by every court case decision so far supporting AVZ, lets issue the ML for the entirety of 13359 no splitting involved".
China still end up with 24% ownership if CATH pay us for it, the only one that gets fucked by that scenario are the people who have done wrong and Zijin (and fuck them they are the worst company in the world).
How hard is it really?
Carlos Danger
Top 20
Interim orders were released by the ICSID on Jan 16th (Tuesday) and the official announcement by AVZ was at 3.44pm on Jan 18th (Thursday). With time difference from the court and the need to run things through lawyers it's understandable that it would take a couple of business days for news to drop. With the suspension happening on Feb 2nd (Friday) it was already weekend Australia time so it should be imminent. Unless it's bad news then management may have deemed it spurious and we won't hear shit from them.2nd of Feb not 5th* Pigeons do take a while though.
Just a minor point:This requires an official announcement from AVZ to explain the exact reason for and duration of the suspension. Right after Nigel works out how much cash bonus he receives for doing his fucking job obvs
Chapter VIII: Suspension, Settlement and Discontinuance | ICSID
icsid.worldbank.org
Rule 54: Suspension of the Proceeding
(1) The Tribunal shall suspend the proceeding by agreement of the parties.
(2) The Tribunal may suspend the proceeding upon the request of either party or on its own initiative, except as otherwise provided in the ICSID Administrative and Financial Regulations or these Rules.
(3) The Tribunal shall give the parties the opportunity to make observations before ordering a suspension pursuant to paragraph (2).
(4) In its order suspending the proceeding, the Tribunal shall specify:
(a) the period of the suspension;
(b) any relevant terms; and
(c) a modified procedural calendar to take effect on resumption of the proceeding, if necessary.
(5) The Tribunal shall extend the period of a suspension prior to its expiry by agreement of the parties.
(6) The Tribunal may extend the period of a suspension prior to its expiry, on its own initiative or upon a party’s request, after giving the parties an opportunity to make observations.
(7) The Secretary-General shall suspend the proceeding pursuant to paragraph (1) or extend the suspension pursuant to paragraph (5) if the Tribunal has not yet been constituted or if there is a vacancy on the Tribunal. The parties shall inform the Secretary-General of the period of the suspension and any terms agreed to by the parties.
The DRC just elected a new president and the way I understand it, the current DRC government is an Interim Government and until the new government has been appointed, the current operators can only make decisions based on steady as she goes, without major decisions.
The DRC could have used this as an argument to throw an other spanner in the wheel.
Yeh I probably should have kept that private, now the trolls will be wondering if they can use it to feed panic.
I only used it to remind the ICC, ICSID and World Bank. My personal view is the DRC aren’t looking the other way, they’ve been embarrassed by this debacle and trying to negotiate their way out of the mess they created. On top of that I don’t think the new ministry has been sworn in yet.
You know what gets me, for the last two years winger’s and whiner’s were complaining about not getting announcements. We have had multiple announcements, many of which a lot of fuckers couldn’t even wrap their heads around, and it looks like it’s on again
That’s the last post here from me mate
Remark
Top 20
Johnno is a legend
https://x.com/jonnnono/status/1754831245492506917?s=20
Celestin/Alain @cominiere are arcing up again although they seem a little more subdued. I'm pretty sure the got a "pull your head in" from someone higher up. They need to be poked a little more to illicit a response IMO.
https://x.com/jonnnono/status/1754831245492506917?s=20
Celestin/Alain @cominiere are arcing up again although they seem a little more subdued. I'm pretty sure the got a "pull your head in" from someone higher up. They need to be poked a little more to illicit a response IMO.
Frank
Top 20
Thanks Bro, I can Count on you
Looks like things are Heating Up in the DRC with the United States & Japan still taking a keen interest in their Critical Minerals atm, as
The USA announces an agreement between GECAMINES and JOGMEC
The USA, which leads the Mineral Security Partnership (MSP), announced Monday, February 5, 2024, the signing of a memorandum of understanding between the Générale des Carrières et des Mines (GECAMINES) of the DRC and the Organization Institute for Metals and Energy Safety (JOGMEC) of Japan on the exploration, production and processing of critical minerals.
Critical minerals are essential to the global economy and the technologies that power the clean energy transition.
According to the US Department of State, this MoU will create a framework for cooperation in the areas of mining and mineral resources with the aim of expanding business opportunities for the parties.
“This landmark collaboration, forged through dialogue between MSP partners, creates a framework for coordination in the exploration, production and processing of minerals, in line with our shared commitment to the development of the Lobito Corridor through the Partnership.
For Global Investment Infrastructure (PGI),” Washington announced in a statement, stressing that coordination among MSP partners is a powerful demonstration for securing and diversifying supply chains for essential minerals, which bring economic benefits to local communities and source countries such as the DRC.
The USA has also specified that GECAMINES will be a key player in the Lobito Corridor project “thanks to its large portfolio of joint venture projects in production, representing more than 1.5 million tonnes of copper cathodes and 100,000 tons of cobalt hydroxide and more to be put into service on projects under construction.
The MSP is a collaboration of 13 countries and the EU aimed at catalyzing public and private investment in responsible supply chains of critical minerals globally.
Its partners include Australia, Canada, Finland, France, Germany, India, Italy, Japan, Norway, the Republic of Korea, Sweden, the United Kingdom, the United States United and the European Union (represented by the European Commission).
The goal of the Mineral Security Partnership is to accelerate the development of diversified and sustainable supply chains of critical energy minerals by working with host governments and industry to facilitate targeted financial and diplomatic support for strategic projects throughout the along the value chain.
mediacongo
Next Stop Manono, who No Knows
Toot Toot
Talk about
Food for thought
Frank
Frank
Top 20
Jonnno for President / Prime Minister
Cumquat Cap
Regular
Deal between USA and Gecamines/Japan is a significant deal - no way USA is going to build the Lobito Corridor if Zijin is the beneficiary?
Thanks for Sharing Franck I shared it across on crapper hope you don't mind
Thanks for Sharing Franck I shared it across on crapper hope you don't mind
Agreed. More West input the better.
Im having a guess here but perhaps DRC asked AVZ to suspend the ICSID as they are now willing to negotiate.
We've absolutely roasted Nigel before ( ill put my hand up and say me included ) for saying things will happen and then they dont. So if he announced now that there are negotiations underway and nothing comes of it then he'll be roasted again. He already has former share holders trying to sue him, im sure he doesnt want to give these bastards any more ammo.
Its a damned if you do damned if you don't scenario
We've absolutely roasted Nigel before ( ill put my hand up and say me included ) for saying things will happen and then they dont. So if he announced now that there are negotiations underway and nothing comes of it then he'll be roasted again. He already has former share holders trying to sue him, im sure he doesnt want to give these bastards any more ammo.
Its a damned if you do damned if you don't scenario
Doc,
As we all know things are very fluid in the DRC - one minute you have an agreement the next minute you dont - no fault of Nigel or the Board for how the DRC conducts their business and their ethics.
Nigel and his team have done an excellent job in keeping us in the game.
Regards,
SilentOne
Similar threads
