AVZ Discussion 2022

[Flight996]

Of course the funds in escrow can be prudently used as security

If the funder agrees that the SPA’s were completed correctly and that the losses sustained to be recovered will cover the amount

I think there is more chance that DLA piper don’t understand basic contract law than it being a coincidence that there was a 6 day turnaround between the suspicious resistance in confirmation of funds and the need for an appropriate security package for the facility being announced but you do you boo

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The issue is not about funds being in escrow, but the uncertainty about their ownership.
I doubt any financier would accept as security money whose ownership is in dispute or yet to be established.

Further, AVZ's claims are not dealt with at this stage, and no decision or award tabled.

 

[Carlos Danger]

The issue is not about funds being in escrow, but the uncertainty about their ownership.
I doubt any financier would accept as security money whose ownership is in dispute or yet to be established.

Further, AVZ's claims are not dealt with at this stage, and no decision or award tabled.

Fun fact if the claims had been dealt with and the decision made with damages awarded we wouldn't need financing

But I guess we are 11 months deep into this process because the original plan for an appropriate security package for the facility is proceeding exactly as planned lmao

 

[Flight996]

Fun fact if the claims had been dealt with and the decision made with damages awarded we wouldn't need financing

But I guess we are 11 months deep into this process because the original plan for an appropriate security package for the facility is proceeding exactly as planned lmao

Yes, that's the unfortunate irony, and world we currently live in.

One day, AVZ will be vindicated, and those lying, thieving knuckle-draggers will turn on each other with clubs and machetes.

 

[Frank]

x.com

x.com

 

[Bonsoir]

According to AVZ, the missing $US20m belongs to Cong Mao Huai as payment for his 15% of Dathcom.

According to Cong Mao Huai and the DRC criminal court, the missing $US20m belongs to AVZ as returned payment for his 15% of Dathcom.

Regardless of who actually owns the $US20m, its ownership has been in dispute since 2021. Therefore it could never (prudently) be used as security for Locke or any other debt facility. When this is viewed through the lens of AVZ's only other significant asset, the disputed tenement PR 13559, unfortunately there is not much that AVZ can offer a financier, which is not already encumbered or in dispute.

However, all is not lost. Given Cong's well-established contacts in Kinshasa's seedy underbelly, he should be able to locate and retrieve (somebody's) $US20m in a heartbeat, and in the process possibly moderate Christian Lusaka's boyish enthusiasm.

With the benefit of hindsight, I reckon Cong Mao might regret not pocketing the $US20m and relinquishing his 15% stake in Dathcom.

Just musing on a wet Friday afternoon.

Cheers
F

Cong did relinquish his 15% stake in Dathcom when AVZ handed over $US20m. Cong returned it because sellers remorse with Lusaka setting up an escrow account and placed in charge of that transaction.

Missing money is purely between Cong and Lusaka with nothing to do with AVZ. Sellers remorse is not a legal argument for thinking the deal can be reversed.

 

[wombat74]

Cong did relinquish his 15% stake in Dathcom when AVZ handed over $US20m. Cong returned it because sellers remorse with Lusaka setting up an escrow account and placed in charge of that transaction.

Missing money is purely between Cong and Lusaka with nothing to do with AVZ. Sellers remorse is not a legal argument for thinking the deal can be reversed.

Correct me if I'm wrong , but did we not also give Cong 200+million shares ? A nice $200 million + pay day for the taking . Or did he sell them for peanuts because he thought the Manono project was a dog with fleas ?

 

[Dom1974]

Manono is a dog with fleas at the moment

 

[Carlos Danger]

Yes, that's the unfortunate irony, and world we currently live in.

One day, AVZ will be vindicated, and those lying, thieving knuckle-draggers will turn on each other with clubs and machetes.

We defo agree on that

Hopefully geo's joy jumping party means we don't need the financing either way

Have a good weekend mate

 

[Carlos Danger]

Cong did relinquish his 15% stake in Dathcom when AVZ handed over $US20m. Cong returned it because sellers remorse with Lusaka setting up an escrow account and placed in charge of that transaction.

Missing money is purely between Cong and Lusaka with nothing to do with AVZ. Sellers remorse is not a legal argument for thinking the deal can be reversed.

The going rate for damages in regards to this matter is currently $25m USD according to the DRC court system

So while it currently has nothing to do with AVZ if Cong doesn't wise up and beg for a deal like the little going back on his word that he signed notary deeds confirming bitch that he is Dathomir will be put to the sword at the ICC and the money in escrow will legally become ours imo

 

[Bonsoir]

Correct me if I'm wrong , but did we not also give Cong 200+million shares ? A nice $200 million + pay day for the taking . Or did he sell them for peanuts because he thought the Manono project was a dog with fleas ?

No mention of Cong getting 200+million shares with the deal.

 

[Carlos Danger]

Correct me if I'm wrong , but did we not also give Cong 200+million shares ? A nice $200 million + pay day for the taking . Or did he sell them for peanuts because he thought the Manono project was a dog with fleas ?

No mention of Cong getting 200+million shares with the deal.

Dathomir received 260 million shares in 2017. Would have been worth 350m AUD at ATH's and over a billion AUD at fair value. But somehow we didn't give Cong a fair deal when they were dumped on market and he signed the SPA's eyes open as lithium prices crashed in 2019/20 lmao

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/593a4c099f745638eecd33fe/1496992785668/Acquisition+of+60%25+interest-Manono+Lithium%2C+Tin%2C+Tantalum.pdf

 

[Bonsoir]

Dathomir received 260 million shares in 2017. Would have been worth 350m AUD at ATH's and over a billion AUD at fair value. But somehow we didn't give Cong a fair deal when they were dumped on market and he signed the SPA's eyes open as lithium prices crashed in 2019/20 lmao

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/593a4c099f745638eecd33fe/1496992785668/Acquisition+of+60%25+interest-Manono+Lithium%2C+Tin%2C+Tantalum.pdf

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Thanks for clearing that up Carlos

 

[Samus]

Do you feel big and good about yourself now?

If that sends you into a spiral you might be best giving tse, x and hc a rest for a while....

If you want to rest your hopes on vague heresay instead of the facts that are available, that's up to you.
But I will continue to call out bullshit both from detractors and shareholders here and on X.
I've got a lot on the line here like many and zero tolerance left for bullshit wherever it comes from.
The only thing that will see shareholders even remotely jumping for joy is the fair sale of AVZ in full and an end to this nightmare. Anything else just doesn't cut it.

 

[oxxa23]

If you want to rest your hopes on vague heresay instead of the facts that are available, that's up to you.
But I will continue to call out bullshit both from detractors and shareholders here and on X.
I've got a lot on the line here like many and zero tolerance left for bullshit wherever it comes from.
The only thing that will see shareholders even remotely jumping for joy is the fair sale of AVZ in full and an end to this nightmare. Anything else just doesn't cut it.

I'm not arguing with the below at all... I called you out for a ridiculous hissy fit... I completely agree that nothing's real until it's over...


"The only thing that will see shareholders even remotely jumping for joy is the fair sale of AVZ in full and an end to this nightmare. Anything else just doesn't cut it."

 

[Frank]

x.com

x.com

 

[ozmacca]

I'd like to gauge what the actual "shareholder's jumping for joy" is...here's some samples ignoring any downside risk

Exhibit A - SH thinking they'll get FV for our stock based on multiples of this and that things will work out
Exhibit B - Stock gets bought out (but honestly who the fack is buying this), for a reasonable value (because of course it makes sense geopolitics will improve from here)
Exhibit C - Ummmm , its worth heaps guy, buy it?

Im a 2017 holder, this is in jest, but if you have anything more dick tickling then go for your life

 

[wombat74]

I'd like to gauge what the actual "shareholder's jumping for joy" is...here's some samples ignoring any downside risk

Exhibit A - SH thinking they'll get FV for our stock based on multiples of this and that things will work out
Exhibit B - Stock gets bought out (but honestly who the fack is buying this), for a reasonable value (because of course it makes sense geopolitics will improve from here)
Exhibit C - Ummmm , its worth heaps guy, buy it?

Im a 2017 holder, this is in jest, but if you have anything more dick tickling then go for your life

Exhibit D - AGM to be held at McDonalds .

 

[Carlos Danger]

Exhibit D - AGM to be held at McDonalds .

Nah we can't give Carrick home ground advantage

 

[Carlos Danger]

Yes it is always amusing when someone that has no idea what they’re talking about runs their mouth

The DRC didn’t cancel Dathcom’s ownership of Manono. The only thing the DRC state did was cancel the legally granted PE for reasons unknown to the mining code. It was Cominiere that purportedly terminated the Dathcom JVA in clear violation of Article 11.1. But you do actually know that and are just saying dumb shit to try and scare people into accepting your fat mates idiotic attempt at taking control of the Manono project without paying fair value to AVZ shareholders.

LoL

 

[Winenut]

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Yes it is always amusing when someone that has no idea what they’re talking about runs their mouth

The DRC didn’t cancel Dathcom’s ownership of Manono. The only thing the DRC state did was cancel the legally granted PE for reasons unknown to the mining code. It was Cominiere that purportedly terminated the Dathcom JVA in clear violation of Article 11.1. But you do actually know that and are just saying dumb shit to try and scare people into accepting your fat mates idiotic attempt at taking control of the Manono project without paying fair value to AVZ shareholders.

LoL

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Lars is a fuckwit of the highest order.....

Just sayin'