Cumquat Cap
Regular
Fair points, anyway I’m bowing out fuck all this.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
PutUsernameHere
Regular
RHyNo,
I dont think that there is any possibility of AVZ having any working relationship with a Chinese backed company especially operating a mine together. You have seen how the Chinese operate in the DRC and currently in Manono.
Their values and our values would appear to be at the opposite ends of the spectrum and would compromise who we are and what we stand for.
Regards,
SilentOne
PutUsernameHere
Regular
Financial Covenant Protection in GP Facilities
"By way of refresher and in general terms, a GP facility relies on the GP profit share (or “GPPS”) as the source of funds for repayment of the facility. Subject to LPA considerations previously discussed here, the security package for the facility will generally compromise security over the right of the GP (or manager) to receive the GPPS and security over the account into which the GPPS is paid. Although the LPA will usually allow for capital to be called from investors to pay the GPPS (particularly in the early life of the fund), GP facilities would not ordinarily have the benefit of any security with respect to the right to call capital. "
From an article 4 years ago. Just looking for prospective positives in this current climate of absolute shite. I read it as "security package" is more like an ownership for Locke following the case; as in securities/shares. As opposed to security for the funding facility to go ahead. Either way, nothing announcement. Over it all at this stage.
"By way of refresher and in general terms, a GP facility relies on the GP profit share (or “GPPS”) as the source of funds for repayment of the facility. Subject to LPA considerations previously discussed here, the security package for the facility will generally compromise security over the right of the GP (or manager) to receive the GPPS and security over the account into which the GPPS is paid. Although the LPA will usually allow for capital to be called from investors to pay the GPPS (particularly in the early life of the fund), GP facilities would not ordinarily have the benefit of any security with respect to the right to call capital. "
From an article 4 years ago. Just looking for prospective positives in this current climate of absolute shite. I read it as "security package" is more like an ownership for Locke following the case; as in securities/shares. As opposed to security for the funding facility to go ahead. Either way, nothing announcement. Over it all at this stage.
RHyNO
Regular
Great point mate of course our major partner is CATH a Chinese backed company. Which gets supplied often by zinjin. But other than that this is like some of your best writing.
RHyNO
Regular
Oh mate thanks for the banter. Appreciate your investment of time to this incredible state of affairs. Good on you buddy. God speed.
Then you may want to inform the board that you don't agree with their strategy, given our CATH partners and all-Chinese offtakes.
Samus
Top 20
The fucking Chinese just need to make a fair offer. Trouble is they have no incentive to do so when DRC officials are happy to just give it away for a few millions here and there in their own pockets.
It does also exemplify that the Chinese are a bunch of fucking crooks who'd rather take it for nothing and completely shaft the DRC in the process.
It does also exemplify that the Chinese are a bunch of fucking crooks who'd rather take it for nothing and completely shaft the DRC in the process.
oxxa23
Regular
waiting for them to shaft us every step of the way.... does it appear to you we should have trusted zijin? they seem so moral and ethical and someone we really want to work with...
Carlos Danger
Top 20
Make an educated guess as to how long we have left until the money runs out without funds being acquired. It's a listing rule for a reason. I said just before the AGM last year that I thought we had enough money until Octoberish based on then burn rate minus the fact that drilling had concluded and I reckon I'm still on the money.
Ahhh the millions we spent on that last bit of drilling…..don’t get me started on that ffs
oxxa23
Regular
Clear attempt by the various corrupt parties to tie up avz's limited cash reserves... asking for courts to take cash security across the various cases...
These are the ICC penalties
Also, where is Cominiere going to come up with 550k for costs? Will their Zijin buddies pay?
oxxa23
Regular
Ah, read that rather simply.. cheers for the correction roon.
Yeah, ziljin bank rolling no doubt
How I see this now is nothing to see hear till well into the new year
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