AVZ Discussion 2022

Jazz

Regular
Sorry, don’t have access to the full article.

I guess it just says that they intend to steal less lithium until the market picks up.

IMG_4970.png
 
  • Like
Reactions: 6 users

Pokok

Regular
  • Haha
  • Wow
Reactions: 5 users

Frank

Top 20
Last edited:
  • Like
  • Fire
Reactions: 20 users

Pokok

Regular
As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.
hopefully a pay out soon im over the black and yellow
 
  • Like
Reactions: 2 users

Mr_Tones83

Regular
As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.
"Going by the language of the announcement the attempt is to get a percentage of the last traded share price."

Just curious as to what language in the announcement you think displays this as a desired outcome?

"whilst ensuring any such settlement or value realisation opportunity is in the best interest of all shareholders."

I think this would mean highest traded price at a minimum.
 
Last edited:
  • Like
  • Thinking
Reactions: 17 users

Uglybob

Regular
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
Sounds like a possible plan, but I can't get behind this part. Everyone knows that if this whole debacle never happened we'd be mining and the share price would be well above the ATH. Settling now for a fraction of the last traded value won't fly. Shareholders would be out for blood.
It'll be interesting to see where this lands.
 
  • Like
  • Fire
Reactions: 23 users

wombat74

Top 20
As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.

IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.

Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.
Who's paying out ? The DRC hasn't got a pot to p1ss in . More like Nigel is going for Roche Dure . IMO
 
  • Like
  • Thinking
Reactions: 8 users

Dazmac66

Regular
Who's paying out ? The DRC hasn't got a pot to p1ss in . More like Nigel is going for Roche Dure . IMO
DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO
 
  • Like
  • Thinking
  • Fire
Reactions: 24 users

Flight996

Regular
DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO
Given its history of dirty tricks, Zijin might attempt to subtract the amount of its bribes from the final settlement amount. Now wouldn't that make for an interesting conversation haha.
 
  • Haha
  • Like
Reactions: 12 users

wombat74

Top 20
DRC aren't expected to buy their own asset. If Zijin want it and the ICSID say AVZ own it then Zijin will have to pay for it. All fines against DRC will be absorbed into a settlement. IMHO
Is 'paying out' and 'buying the asset' the same thing ?
 
  • Thinking
  • Haha
Reactions: 3 users

Flight996

Regular
As I see it, both Cominiere and Zijin Mining are locked in a mutual hostage situation.

Neither can extricate itself due to mutual systematic graft and corruption over a long period of time, and the potential consequences of these actions. If they fall out, the whole deck of cards could crumble and ultimately take Mr President-for-life with it.

The DRC needs to negotiate a fair settlement with AVZ while it can in order to avoid a potential total political meltdown when the ICSID rules against them and their corrupt Chinese masters.

Just thinking out aloud.

Cheers
F
 
  • Like
  • Fire
Reactions: 27 users

Dazmac66

Regular
Is 'paying out' and 'buying the asset' the same thing ?
Paying out would be the amount of damages awarded by the various courts, hopefully we don't need to wait that long to see some of our coin returned. Buying the asset would be a way for the corruption to be swept away and the DRC comes out a winner! I think this is more likely to happen as the shit starts to hit the fan. I just cannot fathom how the USA or the west in general will allow Manono to fall into Chinese control.
 
  • Like
  • Thinking
  • Fire
Reactions: 21 users

protoje

Regular
As I see it, both Cominiere and Zijin Mining are locked in a mutual hostage situation.

Neither can extricate itself due to mutual systematic graft and corruption over a long period of time, and the potential consequences of these actions. If they fall out, the whole deck of cards could crumble and ultimately take Mr President-for-life with it.

The DRC needs to negotiate a fair settlement with AVZ while it can in order to avoid a potential total political meltdown when the ICSID rules against them and their corrupt Chinese masters.

Just thinking out aloud.

Cheers
F
That would make an amazing tweet flight! If you’re not on Twitter, I’m happy to share with your permission.
 
  • Like
  • Haha
Reactions: 7 users
A "negotiated settlement", just means they'll settle out of court and drop all proceedings.
Whether that is a settlement to sell the tenement, or retain it sans penalties etc., is still open to speculation imo.
 
  • Like
  • Thinking
Reactions: 11 users

Flight996

Regular
That would make an amazing tweet flight! If you’re not on Twitter, I’m happy to share with your permission.
Mate, I'm not on twitter, so go ahead and stick it to them.

Cheers
F
 
  • Like
  • Fire
Reactions: 6 users

Retrobyte

Hates a beer
  • Haha
  • Wow
Reactions: 8 users

TheCount

Regular
In Indonesia you are allowed to have 4 at once
I'm an AVZ shareholder and have 1 wife - not sure I need any more pain in my life!
 
  • Like
  • Haha
  • Fire
Reactions: 25 users

cruiser51

Top 20
In Indonesia you are allowed to have 4 at once
Ffs, are you a masochist?

I would make them live all in the same room and go to the pub, play golf, or go out fishing.
 
  • Fire
Reactions: 2 users

BRICK

Regular
  • Haha
  • Like
Reactions: 9 users

Pokok

Regular
In Indonesia you are allowed to have 4 at once
Retrobyte , to be exact 7 , but i'm financially strapped already , but I do put 1 in the room and go to the bar and surf and this wife does not mind she owns the bar (notice I did not say we ) she says i'm too old to answer to anyone.
 
  • Like
  • Haha
Reactions: 5 users
Top Bottom