AVZ Discussion 2022

[Samus]

Hope so, cunts!

"The ICC tribunal held that Jin Cheng’s recourse to arbitration was unjustified, and
ordered that Jin Cheng reimburse AVZI USD 75,000 in respect of its arbitration
costs and AUD 813,474 in respect of defence costs, and that it bear its legal costs
(in excess of €3 million)."

 

[Cumquat Cap]

A Small win for the good guys, let’s see if this turns the pressure up on Felix and his rag tag ministers

 

[Dazmac66]

"The ICC tribunal held that Jin Cheng’s recourse to arbitration was unjustified, and
ordered that Jin Cheng reimburse AVZI USD 75,000 in respect of its arbitration
costs and AUD 813,474 in respect of defence costs, and that it bear its legal costs
(in excess of €3 million)."

Over $5 mill AUD!! Drop in the bucket to Zijin budget but they must be wondering why they listened to old snake head! I just wonder what Rolex boy thinks when he reads this, useless c#nt!

 

[TheCount]

3 Million Euros in costs for Zijin.
Now pay up cunts!

That amount goes to the ICC.. AVZI gets $900k.

 

[Azzler]

3 Million Euros in costs for Zijin.
Now pay up cunts!

Ok so aparrently the 3 Mil euros just refers to their own legal costs.
They would have been asking for AVZ to pay their costs, so in this announcement, AVZ is stating they lost that point and are showing how much they've spent on this.
We get just under 1 Mil AUD from Z in costs.

(Not verified info)

Still, hand over the cash you slimey pricks!

 

[Flight996]

Will Celestin's wife be preceding over this one too?

The good thing is that arbitration rulings made by both the ICC and ICSID cannot be appealed in local courts. Good luck Jin Cheng parasites.

 

[Dijon101]

Correct me if I'm wrong, but this process was to stop Zijin claiming damages against AVZ???

As in Zijin cannot claim damages against AVZ at the ICC as they are not part of the JV..

If so, just another win for AVZ.

 

[Azzler]

So what's next?
It's easy to get lost in it all.

I believe we have an ICC session on the 24th in regards to Dathomir.
At this hearing, Dathomir is to confirm that it has withdrawn it's legal action in the DRC to wind up Dathcom. They said they would do this at the last hearing.

Does anyone know what ICC action we are taking against Cominierie and if court dates have been set for this?

 

[BEISHA]

I did some deep diving on the old lithium market last night. Does anyone find it a little too serendipitous that our sudden fall from favour coincided with Gina Reinharts Lithium interests? Seems odd that AFR interest and slander and Fat Tail have sprung to existence just as Gina has set up to buy into Azure? Am I crazy? AFR is majority owned by her and fat tail are a bunch of failed hacks from the sector that would be easily swayed by a phone call from her staff. All to undermine our position so Gina could be victorious. I don’t know of her connections with Zinjin but would not put it past her. Just a theory I am hatching. Happy to be wrong. Love to to be right and get her on treason. Money talks bullshit walks. Good luck Nigel.

 

[Dijon101]

This process was to stop Zijin's purported claim of being a shareholder in Dathcom that we should be forced to recognise

However Zijin's damages claim with Cominiere in the separate ICC proceedings ALSO RELIES ON THEIR NOW PROVEN WRONG CLAIM that they were purportedly a party of Dathcom. So that case is over now too imo

100% what I was getting at.

Thanks @Carlos Danger

 

[BEISHA]

Correct me if I'm wrong, but this process was to stop Zijin claiming damages against AVZ???

As in Zijin cannot claim damages against AVZ at the ICC as they are not part of the JV..

If so, just another win for AVZ.

Jin Cheng not recognised as part of Dathcom, therefore the Dathcom Jv dispute ( cominiere / Jin cheng claimants ) will not be recognised either.

Double whammy win for AVZ.

Surely its time now for FT to say to Zijin........." Ok bud, you had your fun in the sun, you failed, tell your master Xi its now time i sit with AVZ and negotiate a outcome so i can get my " battery hub dream " started.

That would be common sense, but hey........this is the DRC

 

[whales]

100% what I was getting at.

Thanks @Carlos Danger

Zijin now know they cannot steal Manono .
Make a takeover offer that is reasonable and the BOD accept
A win win for all.

 

[BEISHA]

I rarely go to HC, but thought i would get a feel for the land this time around.......

Good post ........from the ghost.

 

[oxxa23]

Jin Cheng not recognised as part of Dathcom, therefore the Dathcom Jv dispute ( cominiere / Jin cheng claimants ) will not be recognised either.

Double whammy win for AVZ.

Surely its time now for FT to say to Zijin........." Ok bud, you had your fun in the sun, you failed, tell your master Xi its now time i sit with AVZ and negotiate a outcome so i can get my " battery hub dream " started.

That would be common sense, but hey........this is the DRC

not sure how auto correct enabled DRC and common sense in the one sentence....

good news today.

 

[BEISHA]

Zijin now know they cannot steal Manono .
Make a takeover offer that is reasonable and the BOD accept
A win win for all.

I am certainly open now for a TO, but i doubt China will be allowed to do that and in any event, would only pay peanuts, cause thats their mentality.

If they get control of Manono, they control the lithium sector....no doubt, cant let that happen....hopefully Australia govt and the west are very aware of that situation.

Hopefully the US / Europe ( critical mineral pact with AUST ) come into play or a BHP / RIO / FMG scenario.

imo

 

[Azzler]

View attachment 59362

Thanks for the reference Carlos.

I'm probably mistaken, but it seems most of this has been dealt with:

Todays ruling prevents Jin Cheng from it's ICC claim against AVZ, no jurastiction.
Dathomir agreed to withdraw the wind up application.
Com are being fined and were told their disolving of Dathcom had no merit.
DRC ordered to revert 13359 to Dathcom by ISCID, soon to have fines implemented for non compliance.

I'm wondering what action we are planning to take against Cominiere in upcomming ICC arbitration, if anyone knows.
Are we sueing them? Are we trying to have them ordered to take a particular action, or not take a particular action?

 

[cruiser51]

Agree with a few opinions of Cruiser, obe, Carlos, tones. A bad day to be a corrupt regime or a crooked state sponsored actor. Devil will be in the details but couple this with the expected outcome/action from Dathomir case and some significant moves have been made on the chessboard. Jcm can go local but local don’t have jurisdiction of the jva. Comm don’t pay when liquidation of fine happens and it’s v bad from an optics and pressure pov for all remaining cases given they have all been linked pretty conclusively together.

Allow yourselves a smile this morning my friends. Plums are feeling good. Looking fwd to the Ann if/when it arrives.

Did you see Jag's left plum? He could win a price with that one on the royal show!

 

[Scoota30]

Does this ruling now put the TO price for Zijin up from $12 to $13???

 

[TDITD]

Great result.

AVZs position on the case states ICC doesn't have jurisdiction to rule. ICC concludes, ICC doesn't have jurisdiction to rule.
I.e. Jin Cheng is not a holder in Dathcom!

The ICC tribunal held that Jin Chengs recourse to arbitration was unjustified (i.e. bullshit), close to $1M reimbursed to us, Jin Cheng to bear its legal costs $3M+.

The ICC did not rule on the validity of the reported sale by Cominiere to Jin Cheng of 15% (an nor was it intended to). These issues will be addressed in other ICC proceedings (ICC No. 27720/SP). The very case that Cominiere already have proudly amassed two emergency orders ruled against them in, 8th May of 50,000 Euros per day and 17th November of a further 50,000 Euros per day (of which AVZ has applied to ICC for partial award, a hearing on this matter April 3rd). On the case itself AVZ are due to submit its statement of claim by 30th April. Cominiere are hardly enamouring themselves to the arbitrator in this case so far.

This also puts the Jin Cheng and Cominiere joint (comedy) case (ICC No. 27769/SP) against AVZ, claims for damages into a very precarious position, funded by Jin Cheng who have just been ruled by ICC to hold no part in Dathcom. A procedural hearing on May 29, after which the tribunal will decide if this case merits being split the hearings with a hearing on jurisdiction (uh-oh) and then a hearing on merits (double uh-oh, this is where the corruption comes out).

Is this the catalyst?

Things are falling apart and fast for Cominiere and Zijin!

Dathomir are withdrawing their corrupt action seeking the wind up of Dathcom at Lubambashi court on the 25th March. (fines if they don't)

Its becoming harder and harder for Mr.President to pretend to ignore what's happening. Does the new DRC Government make the move ?

Does Zijin realise its methods of stalling and trying to bleed AVZ dry financially are now futile with AVZ gaining $30M (ironically that they will pay for as we all know Cominiere don't have the $$), plus an extra $20M funding facility from Locke if needed. (This latest win and the liquidating of emergency measures would surely be the final DD locke needed to sign off on the $20M).

Do Zijin after conclusion of the fine and funding situation for AVZ try come to the table with AVZ BOD and talk TO?

Are CATL still talking behind the scenes?

Are the DRC Government going to get serious about their battery hub bollocks they talk non-stop about?

Has the US (finally) realised the global importance of Manono and in doing so want a deal with AVZ to go mining and push out CATL?

Is Alain really the dumbest mother fucker to walk the planet this very moment in time?

That last one was rhetorical



EDIT

Didnt even mention the ICSID, an the fact we have motioned for fines to be applied on DRC

 

[oxxa23]

oddly enough tommy turd richardson hasn't made any tweet today...