AVZ Discussion 2022
- Thread starter GazDix
- Start date
JAG
Top 20
No idea
Cumquat Cap
Regular
Whatever another party is willing to pay
Lets hope for a biding war.
The life of the mine and being likely to be able to influence the spot market should support a healthy premium.
Regards,
SilentOne.
Rediah
Regular
I wanted to stay in exile.... but I think all is not lost IF this end up in ICC. (IMO)
In the past similar thing happened between Australian TCC:ASX and Pakistan where Pakistan couldn't honor the contract because of their internal politics (or whatever their reasons were). Case was taken in the High Court of British Virgin Island resulted in TCC's favor. “.... TCC then approached the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) to resolve the dispute,”
And TCC won $5.9 Billion (they sued for $8.5 Billion, some says $16 Billion) . But since Pakistan was/is still struggling with their poor economy, they couldn't pay the money therefore Pakistan foreign assets were frozen including the Roosevelt Hotel, New York owned by the national airlines of Pakistan, PIA.
Eventually Pakistan agreed and negotiated , see below
View attachment 29208
So, from that precedent, we can only assume that even if DRC cant pay in cash, then they have to pay AVZ in assets/resources, again its my own assessment from the past cases.
More below on TCC vs Pak
Reko Diq case - Wikipedia
en.wikipedia.org
***** Had Pakistan not cancelled the contract with TCC, Pakistan and its people would have been in much better situation, currently Pakistan is on the verge of default with only $4 Billion in their reserves.
This is what i think based on the only case I followed of ICSID.
Pakistan is as corrupt as DRC if not more.. But in DRC case, they are more underdeveloped and hence not as economically strong. The longer these minerals stays underground, the more wait DRC have to do to put their filthy hands on the money from it, so I am sure they would want to expedite this as well even if it means China foot the bill at the end. For DRC, it doesnt matter who owns/mines Manono, at the end of the day all they care is their pockets are filled and are not worried about their international reputation as, either you take it or leave it, as there are already many buyers out there even if it means selling it dirt cheap or at the expense of their people's lives.
Does the ICC/ICSID process works? Yes
Does it take time? Yes... unfortunately it took bit of time in Reko Diq case, even after the first ruling it took 3-4years for money started coming to SHs but it was good money.
Will it get enforced? Yes
Did Pakistan pay? Yes, started paying in 2022 with first payment of $900m, then $2B, and still paying dearly to this day..
And now even Saudi investing in Reko Diq!
At this stage, not sure what more us SH can do other than wait and trust the BoD and let it take its course and stay put. Its not easy, but we have no other option.
( I hope its Prayer emoji and not high five)
Remark
Top 20
It didn't take long for this tool to rub his chinese funded hands together with glee...
https://twitter.com/tommyr345/status/1785512081124741459?t=Yhm-V7PZT0kG2YFa5culBg&s=19
https://twitter.com/tommyr345/status/1785512081124741459?t=Yhm-V7PZT0kG2YFa5culBg&s=19
I havent lost sleep over AVZ delisting. I think the BOD have been very stretegic about the delisting.
I will sleep soundly tonight.
Ohhh I wonder how the Shorters are sleeping (not really).
Do your own research.
Regards,
SilentOne
Cumquat Cap
Regular
Pretty modest digs which is good to see, a drop in the ocean with Graeme and Peter Clark’s salaries though, do we need these guys anymore? Prefer to save 450k per annum then require a technical director (bfs in the can) and a chairman who hasn’t done fuck all since he gave himself heaps of options then went into a 2 year halt. I know I’m harping but seriously?
David Krappenschitz
Regular
The one thing I would like to know is the DRC’s reasons for not complying with interim order, like what was their rebuttal to the ICSID ruling exactly? If we knew this we’d have a more decent idea of what’s happening. Guessing that info is not allowed to be released
TheCount
Regular
We have a BOD of 11 - how many of those are no longer required? Problem will be separation in their contracts will be just as delicious as those free share and options they've hoovered along the way...
DRC's unofficial response was
Samus
Top 20
Can't say it's given me the warm and fuzzies silent, but I don't think they had any other choice that wasn't worse.
The position that puts us in isn't fantastic but this whole fucking mess hasn't been fantastic either.
All I'm personally interested in at this point is holding the these fuckers accountable, then I hope we either sell or squeeze billions in compensation out of the cunts over the next decade.
The shit we've witnessed and they've so far got away with you wouldn't even read about it. FMD if you'd told me this is what was going to happen a few years back I'd have told you you're completely out of your fucking mind and laughed in your face.
If I was a dodgy Chinese business...there's two things I could do...tell CATH to make a take over offer of say 40-50 cents and obviously they would then get the ML and away they go(they would tell the government they would pay all fines also)Or, just sit and wait until AVZ relinquish the tenement then swoop in, that last one has a risk of someone else putting a sweet offer ahead and stealing it.
Maybe this is just hope talking but I think that's our best bet.
Maybe this is just hope talking but I think that's our best bet.
Question 1 , the wording of selling the asset whilst delisted , if it has not been sold by now why would anybody want to buy a problem of this magnitude , they don't have a mining licence so who would want it , some say could be years in the court well i'm 65 I don't have years .
Question 2 , how much do you think a shorter would pay for a persons shares and where do you find them .
Thanks in advance
Question 2 , how much do you think a shorter would pay for a persons shares and where do you find them .
Thanks in advance
Cumquat Cap
Regular
Hi Pokok,
Feel your situation mate, shithouse.
Spoke with someone selling their shares today who refused to go lower then last traded. If you make a post on hotcrapper (crawling with shorters) with an email address (maybe make a new one if you want to protect identity) you should get some nibbles. Don’t go too low as they will be far more desperate then us given perpetual timeframe (could be 6 weeks or 2 years)
Feel your situation mate, shithouse.
Spoke with someone selling their shares today who refused to go lower then last traded. If you make a post on hotcrapper (crawling with shorters) with an email address (maybe make a new one if you want to protect identity) you should get some nibbles. Don’t go too low as they will be far more desperate then us given perpetual timeframe (could be 6 weeks or 2 years)
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