AVZ Discussion 2022

[oxxa23]

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

i think it's neck and neck alain vs klaus...

 

[BEISHA]

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

 

[Flight996]

I note a significant change in language used by AVZ in its latest ASX announcement.

Previous announcements were rather measured in their criticism, and failed to directly call out government corruption. For instance, in March 2023, AVZ stated "The Company believes it is under besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Project..."

Today's announcement plainly calls out DRC government corruption "The ICC tribunal did not rule on the validity of the purported sale by Cominière to Jin Cheng of 15% of the shares in Dathcom which the Company maintains breached AVZI’s pre-emption right and was tainted by corruption".

This is the first direct accusation of government corruption within the context of these ongoing disputes, and indicates that Nigel and the board are now on the front foot and prepared to raise the stakes in their fight with Cominiere and its Chinese backers.

Cheers
F

 

[Mr_Tones83]

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

He already did yesterday

 

[Remark]

He already did yesterday View attachment 59383

His previous post was deleted - It stated that it was bad news for AVZ.

Obviously Tommy doesn't know what the fuck he is doing! It's no surprise to anyone here.

 

[Mr_Tones83]

His previous post was deleted - It stated that it was bad news for AVZ.

Obviously Tommy doesn't know what the fuck he is doing! It's no surprise to anyone here.

Obviously I was on the money and he was once again fed info from Zijin then. He's almost as bad as the Hooter.

 

[oxxa23]

He already did yesterday View attachment 59383

I mean he hasn't reported back today on the news... as expected, won't report avz wins... only tweeted yesterday when he thought it was bad...

 

[Mr_Tones83]

I mean he hasn't reported back today on the news... as expected, won't report avz wins... only tweeted yesterday when he thought it was bad...

Oh yeah, wouldn't expect anything less from him

 

[robface]

The curious case of AVZ, the Congo and the biggest lithium deposit on the planet

The fight over AVZ Minerals’ mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ’s favour as...

www.businessnews.com.au

 

[Dijon101]

I note a significant change in language used by AVZ in its latest ASX announcement.

Previous announcements were rather measured in their criticism, and failed to directly call out government corruption. For instance, in March 2023, AVZ stated "The Company believes it is under besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Project..."

Today's announcement plainly calls out DRC government corruption "The ICC tribunal did not rule on the validity of the purported sale by Cominière to Jin Cheng of 15% of the shares in Dathcom which the Company maintains breached AVZI’s pre-emption right and was tainted by corruption".

This is the first direct accusation of government corruption within the context of these ongoing disputes, and indicates that Nigel and the board are now on the front foot and prepared to raise the stakes in its fight with Cominiere and its Chinese backers.

Cheers
F

They wouldn't be able to write this in a company statement unless it's been proven true in the courts.. Otherwise it's slander.

 

[Peterg]

That's great. Avz forgot to say our next move is to get the mining license.

 

[LOCKY82]

 

[Sammy_da_Smile]

The curious case of AVZ, the Congo and the biggest lithium deposit on the planet

The fight over AVZ Minerals’ mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ’s favour as...

www.businessnews.com.au

Excellent read! Thanks for sharing

 

[Miljew91]

The curious case of AVZ, the Congo and the biggest lithium deposit on the planet

The fight over AVZ Minerals’ mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ’s favour as...

www.businessnews.com.au

Unreal article, well written and explains everything from A-Z, send to all investors, friends and family

 

[Hodlandwin69]

Can we get some AI generated Jedi pictures of the AVZ board?

 

[Flexi]

Already sent to all the investors I encouraged to put their hard earned money in AVZ.

 

[CHB]

Hopefully wrap up the Locke funding next week and then it's game on.

They can't outwait us after that.

 

[Mr_Tones83]

The curious case of AVZ, the Congo and the biggest lithium deposit on the planet

The fight over AVZ Minerals’ mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ’s favour as...

www.businessnews.com.au

This number may now get FT's attention... would get a couple of nice Rolexes

 

[Spikerama]

This reads like someone put my posts through ChatGPT and asked it to spit out a story minus the swear words haha

Excellent stuff

Just a few points Matt if you're listening

1. Second Dathomir SPA in 2020 was signed AFTER the DFS was released not before

2. Dathomir's attempt to terminate the Dathcom JVA within the DRC occurred AFTER the action taken by AVZ before the ICC

3. Dathomir is literally also the name of a planet in Star Wars. Home of Darth Maul. Would have tied in well with the Star Wars theme to mention that.

It's also the native biome of the famed creature the Rancor. first seen in ROTJ and most recently the Book of Boba.

 

[JasonM]

what a day! fantastic ruling and awesome article. Finally someone in the western world writes a worthwhile and accurate article of the battle and the corruption in the DRC. will other outlets follow? either way, cant help but lift the profile and raise awareness. at this point in time, couldnt ask for more. Pressure must be building on those corrupt actors.