AVZ Discussion 2022

[Spikerama]

You really think any shareholder with a brain cell would vote to those MMGA/Zijin puppets onto our board? They had one chance last year and now we know alot more and a lot less about their incentives. Zero chance

Obviously you are referring to shareholders who are switch on and engaged with their investment in AVZ and specifically know the story of MMGA/Zijin. That's most of us in here.

I would argue that there is a vast amount of the so said 20,000 plus shareholders who are not switched on. A large majority of whom wont even bother to vote. Of those who do, I reckon they will be reacting to what ever shiny colourful paraphernalia pops up in the post come that time and seems like the most attractive option to end all this suffering. And we all know AVZ are shit at those and the enemy better funded.

 

[wombat74]

When you just read the announcements and have some faith, a warm feeling of hope washes over. It’s hard to hold onto. One thing I’d like to understand is how much time do we really have until we have to close up shop?

Ball park. 3 months imo. Enough time to rally the troops .

 

[Cumquat Cap]

Complete guess by yourself of course. Much longer is my guess

 

[wombat74]

Complete guess by yourself of course. Much longer is my guess

3months /6months is irrelevant . Still need a CR asap for the DRC to take our negotiations / threats seriously . If we can get the numbers I will chip in .

 

[Pokok]

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

Im not asian but have lived in Asia for a long time and married to an asian my kids are mixed race and they are picked on by full blooded Chinese at school . Chinese do business in a very underhanded way 100% as I know all too well it runs in the blood , thanks for having my back . So for Hudnut to presume who I am he needs to be quiet

 

[Peterg]

So reading through the announcements from yesterday, is it good news or bits of nothing?.
Your thoughts?

 

[Jazz]

3months /6months is irrelevant . Still need a CR asap for the DRC to take our negotiations / threats seriously . If we can get the numbers I will chip in .

There is nothing stopping anyone who wishes to contribute to AVZ funds making themselves known to management. Given the reduced office staff numbers I would suggest via email, not a phone call. Clearly identify yourself so your details can be verified.

 

[Roon]

So reading through the announcements from yesterday, is it good news or bits of nothing?.
Your thoughts?

It seems a bit of a mixed bag for me. Glad to see we are still showing willingness to make a negotiated agreement, rather than necessarily pursuing our legal strategy to its full conclusion as our primary approach. It's also good that the Government are still actively engaging with us. I'd say some sections of Government do legitimately want to find a way out of this situation. That's a clear positive sign, and brings some hope.

Less good obviously is that certain parts of the Government (MoM) indicated that they aren't willing to agree with the pathway to resolution that we had set out in the draft MoU. The statement that we would need to reduce our ambitions would theoretically signal that there may be a possible middle ground, but in my opinion that position is quickly negated by the fact that they didnt even have a counter proposal or provide feedback.

This, and the associated statement that it's better to keep going with arbitration (whilst still proceeding with Manono Lithium's PE in the background) suggests to me that the true position of certain elements in the Government is to delay whilst they better support the interests and position of our opponents, without any real intent to come to an agreement. Maybe trying to string it along to see if we can be forced into administration if unable to secure funds? Our opponents do seem to be making efforts to bleed us dry. I'd likely chip in for further cash if it comes to that and it keeps the lights on.

Hopefully the first faction can prevail, or a sensible middle ground can perhaps be found that leads to a pathway out of this mess, and one that doesn't give the game away. SilentOne will no doubt state again his unwillingness to compromise, though NF on the other hand thankfully seems to be open to flexibility in his communications to the DR. That to me is a positive, as I had thought that we might be toeing a hard line in our position that may have limited the possibility of a fix being found - at least in this decade.

Interesting announcement, in any case. Glad management issued the info - it's the clearest insight into the situation that I feel we've seen yet. Complex!!

 

[Samus]

I wonder how cominiere is going to pay their fine? Not that I expect them to pay it.

There isn't much info about enforcement of awards on the ICC website.

Given cominiere is supposedly state owned hopefully there is a way to force payment.

That would give the DRC a nice sample of what is to come at the ICSID should they continue down the same path.

 

[wombat74]

There is nothing stopping anyone who wishes to contribute to AVZ funds making themselves known to management. Given the reduced office staff numbers I would suggest via email, not a phone call. Clearly identify yourself so your details can be verified.

Company will do a CR if necessary imo. I'll wait .

 

[Rediah]

Who needs ICC, ICSID, and Felix...

When all we need is to hear out Kagizi to get our documentations.

For some reason I think he ALSO have one of those government seal floating around at his corner shop to authenticate documents.

Ring, Ring, ..... (answer the phone Kagizi !!!!)

He is not answering, seems like he don't want to help.

Oh well...

 

[robface]

I wonder how cominiere is going to pay their fine? Not that I expect them to pay it.

There isn't much info about enforcement of awards on the ICC website.

Given cominiere is supposedly state owned hopefully there is a way to force payment.

That would give the DRC a nice sample of what is to come at the ICSID should they continue down the same path.

I emailed asking same questions. If anyone gets a reply, please post.

ICC Australia
Jaqueline.lau@acci.com.au

 

[Panther22]

Wouldn't a CR be dangerous? Wouldn't it mean the wrong people are able to increase their holdings therefore their vote?
I am happy to chip in but thinking more like a Fighting Fund then you would think only like minded will contribute.
Just my thoughts.

 

[oxxa23]

Wouldn't a CR be dangerous? Wouldn't it mean the wrong people are able to increase their holdings therefore their vote?
I am happy to chip in but thinking more like a Fighting Fund then you would think only like minded will contribute.
Just my thoughts.

they can choose to issue stock to whoever they want.... as many companies already do to sophisticated investor's or insto's....i.e. a placement. can't discriminate if doing a SPP, it has to be open to all holders...

nothing more certain than management having access to further funds.... they'd have had funding back up plans for a long time....

 

[Roon]

Wouldn't a CR be dangerous? Wouldn't it mean the wrong people are able to increase their holdings therefore their vote?
I am happy to chip in but thinking more like a Fighting Fund then you would think only like minded will contribute.
Just my thoughts.

We've got like 3.5 billion SOI, I can't imagine another 50 million or so would make much difference in the scheme of things.

 

[Spikerama]

I wonder how cominiere is going to pay their fine? Not that I expect them to pay it.

There isn't much info about enforcement of awards on the ICC website.

Given cominiere is supposedly state owned hopefully there is a way to force payment.

That would give the DRC a nice sample of what is to come at the ICSID should they continue down the same path.

Well based on the recent tweets of Tshisekedi heading off to the UK for sick treatment, presumably his Presidential Boeing is somewhere in Heathrow maybe? That's gotta be worth a bit if impounded by the World Bank.

 

[Samus]

CR sounds a bit like a way for Carrotdick and his Chinese poo pals to get their hands on more shares.
I dunno.

 

[Samus]

Get a load of these cunts!

x.com

x.com

 

[Bin59]

Perhaps Franck Fwamba would be interested in making a submission on MoM / Cominiere.

Constant Mutamba sets up a joint national commission to investigate the mafia and bad judicial practices in the DRC​

06.08.2024
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Constant Mutamba, Minister of Justice and Keeper of the Seals

The Minister of Justice and Keeper of the Seals, Constant Mutamba, announced the establishment of a joint national commission to investigate the mafia and bad judicial practices in the Democratic Republic of the Congo.

According to a statement from the Ministry of Justice published on Monday, August 5, this commission will deploy throughout the national territory to collect all denunciations relating to corruption within public companies and commercial companies.

"His Excellency the Minister of State, Minister of Justice and Keeper of the Seals has just established today, a mixed national commission, responsible for investigating the mafia and the bad judicial practices of which litigants, natural and legal persons (Commercial Society, public enterprise, Asbl, etc.) are victims. This commission will deploy throughout the country to collect all denunciations of mafia acts committed in judicial and prison files (scam, corruption, stellionat, etc.)," reads this statement.

On this, the population is called upon "to denounce, by producing the necessary evidence, any mafia behavior related to the administration of justice".

To facilitate the effectiveness of this commission and the massive participation of anyone wishing to report a case of corruption or other form of the mafia, the Ministry of Justice is also setting up a telephone number to make it possible to quickly report cases of denunciations. This is the following number: +243830085196.

This same statement emphasizes that the documented files must be filed with the office of the Minister of State, Minister of Justice and Keeper of the Seals and with each provincial division of justice.

Bernard Mpoyi
congo-press.com (MCP) / mediacongo.net

 

[Samus]

Christ, all these tweets from Manono lithium have rubbed me right up the wrong way.
This situation is unbelievable, I can't wait until we sue the absolute piss out of these criminals.
Fuck DRC, fuck China!