Dave Evans
Regular
My take on the current situation:
Locke Funding - Either the BoD are holding their cards close to their chest so that the enemy thinks they don't have funding, OR, they don't have a dollar promised in and they'll just ride it out until a hopeful agreement is made with the DRC. There's nothing stopping the BoD pursuing the court cases on a shoe string budget for another year or even without pay. My question would be along that line of thought is that someone has to be paying court fees as there's surely no cash in the kitty by now.
Lets say tomorrow everyone shakes hands and coughs up what is rightfully theirs, the next stage will require some huge funding.
The penalties imposed by the ICC/ICSID won't be received this decade, so to go mining is going to require a huge CR or debt funding or something else magically excreted by a unicorn.
The silence by Cominiere on Twitter is very interesting. Either they have been gagged or are laughing on a tropical island sipping pina coladas out of the pineapple leftovers they reamed us with!
I did speak to someone close to heart who has been involved with the AVZ project (not recently however, but did appear in the top 20 shareholder register), they believe that the project is done and AVZ won't ever mine it - the damage done and relationship breakdown between BoD & DRC is not reversible. Again, take that with a pinch of salt as to if that has any merit..
Anyways. Lets see how the remainder of the calendar year plays
“The penalties imposed by the ICC/ICSID won't be received this decade”
If Zijin were to develop the north, the ICSID can enforce the awarding of the penalties to AVZ as soon as Zijin began producing and paying royalties to the DRC. In which case the DRC would not receive the royalty payments from Zijin because they would go to AVZ.
Zijin say they could build a plant inside two years, so we wouldn’t be waiting a decade to receive penalties.