AVZ Discussion 2022

[KentCStrait]

Good announcement imo. But doesn't address the letter sent around etc. was there some truth to that, perhaps?

No.

 

[robface]

They had me in the first half.

 

[Carlos Danger]

The entire problem in one sentence

From preliminary observations, it appears that the AVZ's claims, as formulated in the said project, are disadvantageous for the Republic where the defence team has recommended the continuation of the arbitration as long as AVZ does not diminish its ambitions.

 

[Roon]

They had me in the first half.

Haha yes it sounded good until it didn't.

 

[Mute22]

Of course we will come to a expedited settlement once Iran nukes Israel, a race war kicks off in the UK and the global economy crashes.

I might be able to cash my shares in for half a tank of oxygen and some soylent green in the bunker.

 

[Hudnut]

....and the chinks .....

FFS. Really? I'd hoped we were better than this.

 

[Mute22]

FFS. Really? I'd hoped we were better than this.

It's an anonymous forum, there is no 'we'.

If you'd heard the way Chinese speak about Westerners like I have, you'd understand they are unironically one of the most hateful, jealous and racist people on earth.

 

[eqtrade]

When will they meet again to negotiate and lock in terms of MOU set out by AVZ? It would be nice if the company gives us some heads up. Good announcement today out-of- blue (red) day. LoL

 

[Hudnut]

"However, as previously advised, the Company will continue to pursue its claims against the DRC
Government and hold La Congolaise d’Exploitation Minière (Cominière), Dathomir
Mining Resources SARLU (Dathomir) and Zijin Mining Limited (Zijin) to account until
such time as a settlement is formally agreed."

I reckon that should be "until such time as a settlement is formally received".

 

[Hudnut]

It's an anonymous forum, there is no 'we'.

If you'd heard the way Chinese speak about Westerners like I have, you'd understand they are unironically one of the most hateful, jealous and racist people on earth.

Ok then. I like to think I'm better than that.
When I was little, my Mum said it's not ok to be a racist prick just because little Johnny is also a racist prick. That doesn't make it ok.

 

[Mr_Tones83]

The entire problem in one sentence

From preliminary observations, it appears that the AVZ's claims, as formulated in the said project, are disadvantageous for the Republic where the defence team has recommended the continuation of the arbitration as long as AVZ does not diminish its ambitions.

The entire problem comes back to three words 'greed and corruption'.

Of course a first proposal for an MOU will be aggressive as it’s the starting point of negotiations and there has to be room to move in the other direction.

Detractors have made it clear that they aren't letting up at ICC even when faced with interim orders against them, while the DRC govt hasn't budged and has actually moved further against ICSID interim orders. Why would AVZ give up any leverage at this point?

 

[Thaz]

It's an anonymous forum

Not unless you're SNORTH89.

 

[Bray]

FFS. Really? I'd hoped we were better than this.

hes also asian too so just like aussies calling each other dickheads

 

[Winenut]

Dow Futures look well and truly fucked again......get ready for more pain on the market tomorrow me thinks

 

[Dazmac66]

Dow Futures look well and truly fucked again......get ready for more pain on the market tomorrow me thinks

Japan absolutely smashed! The next crash puts us closer to the next boom!!

 

[Scoota30]

The entire problem comes back to three words 'greed and corruption'.

Of course a first proposal for an MOU will be aggressive as it’s the starting point of negotiations and there has to be room to move in the other direction.

Detractors have made it clear that they aren't letting up at ICC even when faced with interim orders against them, while the DRC govt hasn't budged and has actually moved further against ICSID interim orders. Why would AVZ give up any leverage at this point?

Really wonder what the DRC's endgame is (if they even have a plan that far ahead - might be incapable of it). Everything they continue to keep doing only increases our leverage at the negotiation table, it's almost like they actually think they'll come out the end of this as a winner, maybe they are fully convinced from Chinese whispers that we will go bankrupt and they won't have to deal with us? It sounds like they have a committee to look at the potential risks of losing the entire case....

@Carlos Danger do you know if by them continually disregarding interim orders, will this further increase the final damages claim - or because they're mounting a defence for their decisions to ignore interim orders (even after being told a second time) does that mean they can get away with the stalling without any further repercussions?

 

[Hodlandwin69]

The "experts" must have been paid for by china

 

[Mr_Tones83]

Really wonder what the DRC's endgame is (if they even have a plan that far ahead - might be incapable of it). Everything they continue to keep doing only increases our leverage at the negotiation table, it's almost like they actually think they'll come out the end of this as a winner, maybe they are fully convinced from Chinese whispers that we will go bankrupt and they won't have to deal with us? It sounds like they have a committee to look at the potential risks of losing the entire case....

@Carlos Danger do you know if by them continually disregarding interim orders, will this further increase the final damages claim - or because they're mounting a defence for their decisions to ignore interim orders (even after being told a second time) does that mean they can get away with the stalling without any further repercussions?

In my view AVZ coming out with this now means that they're even more confident of our position after seeing Cominiere and DRC's statements of defence.

Failure to comply with interim orders would certainly play into the final outcome of ICSID and ICC. They have already been reminded that there is no defence or negotiation when it comes to the orders made so far, they are what they are. I'm not sure what the tribunals would do in the case that they are continually ignored on interim orders prior to final orders though.

 

[Hodlandwin69]

People give the board shit, but their legal chess game has been a masterclass..... Despite DRC and Chinese companies not adhering to the orders

 

[Scoota30]

In my view AVZ coming out with this now means that they're even more confident of our position after seeing Cominiere and DRC's statements of defence.

Interesting