Cumquat Cap
Regular
Haha, never heard this take before.
Completely incorrect, you don’t think other unlisted companies have been taken over before. Avz interest in Dathcom cbs easily be taken over, pending approval from majority of shareholders.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Completely incorrect, you don’t think other unlisted companies have been taken over before. Avz interest in Dathcom cbs easily be taken over, pending approval from majority of shareholders.
Samus
Top 20
I don't know much of anything about it but one would assume companies don't get taken over when all of their assets have been stolen by the host country and Chinese regardless of if they're listed or not.
We need funding and a lot of perseverance as the nightmare continues...
It's very depressing being stuck here with you lot but we'll have to settle in to it for quite some time imo. Provided the former best BOD of the asx can secure enough funding for years of incredibly inefficient and expensive legal bullshit.
And we can argue until we're blue in the face about the North too but that is quite irrelevant when the whole thing is stolen and those original boundaries have been changed anyway.
The overwhelming issue seems to be that any documentation that comes out of the DRC, whether it's from some lowly official to the highest court in the land is about sufficient to print out and use it to wipe your ass with.
We actually have to undo multiple questionable court decisions that have come out of the DRC to progress with anything as far as we know.
The one and only thing that has been made abundantly clear is that the DRC is rife with corruption from the ground up and so the only remaining hope and course of action is to follow through with ICC and ICSID cases until the end imo. Everything else is bullshit and subject to grey areas and misinterpretation because anything that's come out of the DRC judicial system is tainted. But at the same time these are their laws and fucked up legal system which they'll follow until and unless there is massive reform or immense external pressure.
Management aren't forthcoming with anything, which might be a good strategy. It's certainly a good strategy to cover their own ass for any liability.
In my view the whole thing is fucked and it's almost torturous hanging on to this thin shred of hope that keeps the shit show ticking over.
That might not be an over optimistic view, but if this all does go to shit I'd rather be one of the realistic ones than the ones touting how everything is wonderful up until the company crash and burns and be mentally prepared to accept the losses.
We need funding and a lot of perseverance as the nightmare continues...
It's very depressing being stuck here with you lot but we'll have to settle in to it for quite some time imo. Provided the former best BOD of the asx can secure enough funding for years of incredibly inefficient and expensive legal bullshit.
And we can argue until we're blue in the face about the North too but that is quite irrelevant when the whole thing is stolen and those original boundaries have been changed anyway.
The overwhelming issue seems to be that any documentation that comes out of the DRC, whether it's from some lowly official to the highest court in the land is about sufficient to print out and use it to wipe your ass with.
We actually have to undo multiple questionable court decisions that have come out of the DRC to progress with anything as far as we know.
The one and only thing that has been made abundantly clear is that the DRC is rife with corruption from the ground up and so the only remaining hope and course of action is to follow through with ICC and ICSID cases until the end imo. Everything else is bullshit and subject to grey areas and misinterpretation because anything that's come out of the DRC judicial system is tainted. But at the same time these are their laws and fucked up legal system which they'll follow until and unless there is massive reform or immense external pressure.
Management aren't forthcoming with anything, which might be a good strategy. It's certainly a good strategy to cover their own ass for any liability.
In my view the whole thing is fucked and it's almost torturous hanging on to this thin shred of hope that keeps the shit show ticking over.
That might not be an over optimistic view, but if this all does go to shit I'd rather be one of the realistic ones than the ones touting how everything is wonderful up until the company crash and burns and be mentally prepared to accept the losses.
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I know i keep banging on about FT , but how on earth has he allowed all this to happen under his watch ?
I mean , i understand that China pretty much rules DRC, but if eradication of corruption was FT mandate, the proverbial " dropped the ball " quotation barely scratches the surface based on the above summary of events!
IGF report ignored, Cominiere actions ignored, creation of Manono lithium Sas ignored, Zijin currently illegally drilling CDL with multiple rig operation , ignored.
At the very least, why hasnt FT ordered all illegal activities to cease until ICC / ICSID forms its conclusions ?
Or even better, why didnt FT summon AVZ BOD to the round table ages ago to discuss the MOU and a path forward to avoid lengthy arbitration deliberations that had multiple consequences, punitive financial damages, further destruction of reputation globally within the mining investment sector, massive delay to his pillar ambition ..........LITHIUM HUB which would create thousands of jobs and boost the DRC balance sheet exponentially.
Lets hope the " wait a while " newly formed Govt, lead by 75% majority FT (
) gets a brain and a spine and puts a end to this insanity !Rant over..........again
imo
RHyNO
Regular
Oh man another boomer up my ass!! Yay. Mate you don’t know anything more than what is in the announcement. You know it and I know it. I appreciate the hopium that world governments are all chatting away behind the scenes about our situation. But mate provide evidence!!!! Why wouldn’t they mention it in an announcement? “ we are in discussions with representatives from US and AU and are using their support to provide avenues for resolution”. You’re tripping ass if you think I believe for a second you know something I don’t but you can’t share it because your so deep in the negotiations it would be insider trading! LOL we are delisted and in suspension and there has been crickets from management but somehow the great silent one has an inside track that only a select few a privy to! Get off it!!!
I have made some direct enquires to clarify what has inspired this article. Will update if i get anything useful.
Did you not see the author?
Yes, that's who I'm trying to get details from.
Plenty of people here know more than what is in the announcements, no different to any other company. Most of them are smart enough to keep it to themselves as they understand the delicate nature of our situation over the last few years. And that any short term high they get from having the best gossip on social media, could derail any chance we have of a decent outcome.
I have no doubt AVZ would love to share more details to all shareholders. But they are taking a trust no one approach, as they should. You only have to look at what happened at the last roadshow, where important details shared in Perth made it to the DRC before they BOD even got to the next show in Melbourne. Resulting in a reduced level of disclosure at the subsequent shows.
What was the point of those roadshows?
Cumquat Cap
Regular
Some light reading on the effectiveness of ICSID over the weekend https://www.iisd.org/itn/en/2019/12...yan-copper-company-v-pakistan-icsid-arb-12-1/
Grateful if someone could post on hotcrapper as I’m not on that shit hole
Grateful if someone could post on hotcrapper as I’m not on that shit hole
RHyNO
Regular
No they don’t man, that’s why they are here with us in this. I’m not saying we are fucked. I actually have a huge amount of faith that this will be a great outcome for all. I just play devils avocado to create a diversity of opinions on here to inspire some conversation. time and again year after year all these “insiders” have proven to be nothing but shareholders in the dark like the rest of us. Except they want status
I love devil wings.. but i'm not sure how i feel about devil avocados
NFI but the cookies were good
Lucas Don Velor
Regular
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