Youre killing me Frank, so FT upset that the west is " lecturing ", but happy for Russia / China to loot ?
Youre killing me Frank, so FT upset that the west is " lecturing ", but happy for Russia / China to loot ?
I hope you’re right. But I just don’t think that is how the ICSID will see it if it gets that far. Hopefully we never need to find out what their decision would be and an alternative outcome can be reached long before then. Dathcom were under no obligation to file the waiver as I have said numerous times. They should have fought it then and there rather than agreeing to the split even if under false pretences. If there was a written contract rather than just a waiver submission this surely would have been all over a long time ago.“The surviving legal effect of the Dathcom waiver not so much imo”
There are stipulations in contracts that say if one party (DRC) doesn’t honour their agreement, the contract is null and void. If that happened to be the case in this instance, then ‘null and void’ means it was never legally waived, never relinquished and never ceded.
I guess DLA are the only ones that currently know and they appear to be sticking to the line that if there was an agreement, the DRC didn’t honour their side
Possibly. But lip service is all you will ever get from any company's management. That's why I don't bother talking to any of them. They're hardly going to admit wrongdoing or let you know if things are actually bad because EGM's can still be called when listed or not listed leading to them losing their jobs.Force AVZ hand ?
Well, when you think about it, AVZ delisting and not having to conform to the regs of the ASX per se, should allow the BOD to have more freedoms as to revealing pertinent information about such issues as the North / other matters / path way forward outside of a AGM wouldnt you think ?
I mean if the big hitters on this forum ( sophs ) were to construct a email with a list of concerns and possibly arrange a private meeting with Nige and crew, would that be at all possible ?
When WFE was in VS, i arranged a one on one meeting with the cunt Brewer with a list of questions that were collaboratively put together by a number of big hitters........i gotta admit tho, i felt he was just paying me lip service and eventually they went bust.......... but hey
Thoughts ?
can't palm myself in the face any harder reading that, what an absolute fucking goose!!!Youre killing me Frank, so FT upset that the west is " lecturing ", but happy for Russia / China to loot ?
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I hope you’re right. But I just don’t think that is how the ICSID will see it if it gets that far. Hopefully we never need to find out what their decision would be and an alternative outcome can be reached long before then. Dathcom were under no obligation to file the waiver as I have said numerous times. They should have fought it then and there rather than agreeing to the split even if under false pretences. If there was a written contract rather than just a waiver submission this surely would have been all over a long time ago.
If the MoM had of mentioned Dathcom being tricked or a contract dispute in 00032 then it would be an obvious slam dunk case. But she clearly doesn’t and instead cites Cominiere’s letter from December 2022 that blames AVZ ignoring the minority shareholders opinion. That is the basis of AVZ’s current claim to Dathcom having the entirety of PR13359. The idea of ‘contracts being null and void’ has never been recognised by the DRC government. Which is a very dangerous reasoning path for us to take to arbitration.
The company has been using in recent official announcement the wording of no opinion being given as to who will ultimately end up with a PE for the north. But if it does go to Dathcom then further negotiations with the other shareholders will be undertaken. This is a very deliberate tactic by DLA Piper for the current reasoning path we are on and I fully support it. It is far better idea than letting the ICSID decide who should get it imo
There would be various options on how to proceed if we can get our positive outcome for AVZ.Someone smart play this out for me, we offload the entire asset, for a price that puts the company at let’s say $10 per share? How do we as shareholders sell our shares at that value? Or will management do a dividend? If so what would encourage them to do so? Like how can I now sell my shares if they are at a price without being on market? Are we not now existing at the behest of management? Thanks in advance. FKA Tommy the journalist of Gina.
Possibly. But lip service is all you will ever get from any company's management. That's why I don't bother talking to any of them. They're hardly going to admit wrongdoing or let you know if things are actually bad because EGM's can still be called when listed or not listed leading to them losing their jobs.
Also, there isn't a soap strong enough on this planet for me to ever shake hands with Brewer. You're a brave man.
Thanks mate! Yeah agree $10 is rich. Zinjin if your watching I’d take $3There would be various options on how to proceed if we can get our positive outcome for AVZ.
We just have to wait to see what they decide to do. But I have no doubt they will be choosing whatever option sees best shareholder returns possible, risk factors included.
They might relist on another exchange as they said in the announcement.
They might pay a divvy, which would suck because of taxes.
But if they sell the asset, then we get stuck with DRC tax on the sale before we see any of it.
If they wind up the company I think we can get our cap gains discount.
I know it's just hypothetical, but 10 bux is a bit ambitious after all the shit, hey but you never know.
If someone has more indepth knowledge about possibly outcomes for shareholder payouts, I'd love to hear about it.
Supply and demand moron. Make ‘em sweat not knowing what they can and can’t get. Especially good being delisted. But hey if you like panic selling go for it. I’ll buy, PM me.Yep, looks like we're all bitches who can't get buyers for our shares.
$10 is probably a long way from reality mate but if it goes this way, the likely course is AVZ accepting (subject to shareholder approval, a right you still retain) an offer for our Dathcom share, we take the cash and distribute on a per share basis less a fair bit in various costs. That’s about it mate.Someone smart play this out for me, we offload the entire asset, for a price that puts the company at let’s say $10 per share? How do we as shareholders sell our shares at that value? Or will management do a dividend? If so what would encourage them to do so? Like how can I now sell my shares if they are at a price without being on market? Are we not now existing at the behest of management? Thanks in advance. FKA Tommy the journalist of Gina.
Agree. Only problem is we all have China in every part of our lives, and none of us will it up will we.'Warned us': Germany's foreign minister speaks of deep Russia trade regret
Germany's foreign minister tells 7.30 her nation was caught out being over-reliant on Russian oil and gas and has urged nations worldwide not to do the same in regards to China.www.abc.net.au
Slightly offtopic article, but relevant in the wests quest to to divert away from China / Russia dependence of critical minerals etc.
I mean we dont really know what influence the west is applying to the DRC govt regards to Manono, but maybe we got a clue from @Frank previous post regards to FT being pissed about " lecturing "
One thing is for sure , outside looking in, its diabolical that AVZ has to fight the might of China and the corruption of DRC on its own regards to what simply is the most influencial lithium asset globally going around by a country mile, whereby who ever owns it, dictates and controls.
China must be stopped!
imo
I've been avoiding "made in china" more & more for the last ~10 years, since CCP/Xi Jinping aggression in South China Sea, & many other examples before & since, and especially so in the last 2 years with China's efforts to further corrupt/rob the DRC and AVZ.Agree. Only problem is we all have China in every part of our lives, and none of us will it up will we.
Felix telling the world he loves corruption and for the West to go f--k themselves .