BRICK
Top 20
Maybe a few hundred k for office leasing that turned out to be a new porche?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
My guess is more if they're looking to raise some funds.
Lucas Don Velor
Regular
What are the odds, the seal has a 'Made in China' sticker on it!
It's called 'projection', or Donald Trump syndrome.
You say the exact opposite of what you actually do, intend to do.
Funnily enough it fools most people the first time, but only the stupid the second time (unless you're married to her/him lol).
The fish rots from the head, same for DRC and Trump.
Carlos Danger
Top 20
I'm coming to the conclusion that Nigel + 1 or 2 key staff should have been located in a DRC office/apartment from day 1, with twice yearly trips back to Oz for a road show/AGM. Then they could have made daily appearances at key DRC offices to maintain visibility and momentum, to monitor 1st hand the bank accounts, to deal with and get ahead of issues as they arose.
This whole thing of not being co-located in DRC and just trusting the host nationals to do the right thing was really naive.
We're talking about a multi-billion dollar investment, $100's of millions of our hard-earned.
We're talking about the DRC, the acknowledge and well known corruption capital of the world and has been for decades.
It doesn't happen with WR1's investment in Canada, which has offices with the Chair & key staff co-located in the host country, right through COVID.
This whole thing of not being co-located in DRC and just trusting the host nationals to do the right thing was really naive.
We're talking about a multi-billion dollar investment, $100's of millions of our hard-earned.
We're talking about the DRC, the acknowledge and well known corruption capital of the world and has been for decades.
It doesn't happen with WR1's investment in Canada, which has offices with the Chair & key staff co-located in the host country, right through COVID.
oxxa23
Regular
it was naive, but, we were also all naive... very easy in hindsight.... i was worried about the one or two corrupt pricks in the drc.... turns out we just couldn't find the one or two people who aren't corrupt pricks in the drc...
My understanding of the term is similar but differs in the vernacular.
For example "projection, the psychological impulse to project on other people what you’re actually feeling".
Webster’s dictionary defines it, in part, as: “the externalization of blame, guilt, or responsibility as a defense against anxiety.”
Similar to what you said.
But, the term's current usage in the US is .... "for example, during the 2016 campaign, Trump's favorite attack on his final GOP rival for the nomination was to call him “Lyin’ Ted.”
Of course, this comes from a person who lied throughout the campaign and has lied more than 12,000 times as president, according to The Washington Post.
This impulse to deflect and project continued in the general election against Hillary Clinton. So, when Trump was accused of being the “most corrupt candidate ever,” she became “Crooked Hillary.” etc etc
My reference to 'projecting' was to draw a direct comparison to what Mr Bray said as being 'projection' ....
"How can one country spruick so much shit about anti corruption blah blah and do absolutely fuck all blows my mind"
To my feeble 69yo mind this looks & smells like projection, but please forgive me if it wasn't similar enough to your liking.
But let's move on from this bagatelle, there're bigger fish elsewhere to fry my friend Carlos.
Once again @Carlos Danger , you provide the most insightful analysis in the absence of information that tells the complete story.
One thing I'd add to your chain of events is this week's letter to shareholders - if it is to be believed.
Presumably Nigel having looked in the escrow account (only at the eleventh hour mind you **) and found it lacking, now turns to major shareholders in an attempt to fill the shortfall in the funds required to get this over the line.
** what really irks is that all this African experience didn't tell them to keep an eagle eye on that money!!
Xerof
Have a Cigar 1975
@Carlos Danger remind me of the date Dathomir returned the funds to sender please, from your copy of the bank account posted many moons ago
Winenut
Go AVZ!
Surely if money has gone from the escrow account unauthorized it’s not that fucking hard to electronically trace where it went? Unless someone’s made a fucking cash withdrawal. Geezuz fucking Christ is there any fucking end to the countless fucking corrupt actions in the DRC The fucking escrow account was under the control of fucking lawyers ffs. I want the fucking mantle back. So over this fucking shit show.
Xerof
Have a Cigar 1975
Carlos Danger
Top 20
Samus
Top 20
If there's one thing these DRC shit bags are good at Wino, it's embezzlement!
Shirley, this account would have been included in the annual audited company financial statement ie an actual dated copy of the account statement at the end of June 2024. Maybe that's when it came to light.
In that case, the unauthorized withdrawal should have only happened in the last 12 months.
If our previous in-country legal rep had a substantive grievance with AVZ, or any other DRC official, I 'assume' that it would:
In that case, the unauthorized withdrawal should have only happened in the last 12 months.
If our previous in-country legal rep had a substantive grievance with AVZ, or any other DRC official, I 'assume' that it would:
- have been formally received in writing/email
- have been subject to legal advice
- be subject to clear concise Board consideration/decision
- the decision/reasoning would have been be communicated and confirmed with our DRC legal rep.
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