AVZ Discussion 2022
- Thread starter GazDix
- Start date
Carlos Danger
Top 20
Fun fact Cominiere are technically a claimant at the ICSID as they are a part of Dathcom. DRC government are the respondent.
The case is about the DRC government's failure to follow their mining code. Can you give an example of how they may lose some or all of their remaining ownership of the asset?
This isn't about assurances but a question regarding Article 60 imo
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Are you inferring that the DRC are simply stating that we won't get out of this with the entirety of 13359? Id agree with that. It was fairly clear from the MoM's letter to the PM that this was their position IMO.
Thing is, public statements aside, I believe our management is also cognisant and in aquisenance of this by now. So i wonder what's holding things up? How are not able to hold a negotiation on this? Why do you think they aren't willing to at least come to the table? Or are we maintaining that public hard line position also in private now that our ICSID and ICC cases are approaching?
Carlos Danger
Top 20
I think AVZ want compensation for CDL and the DRC reckon we are no longer entitled to get paid for it because of the submission of the waiver
And neither side is willing to budge on this so negotiations keep falling apart
Only way out of this quagmire that will lead to joy jumping in the short term is for someone to buy out RD from us imo
No one’s buying RD in the short to medium term imo unless it’s Zijin. No one in their right mind would pay to get into the middle of this shit fight.
As for Locke I’d say they waiting on the judgment for the liquidation of the penalties to date. If AVZ get that granted then DRC must pay those accrued penalties to the ICSID. AVZ cannot use those funds till this runs the distance but there’s some form of security for Locke imo.
Dave Evans
Regular
So what are the possibilities in relation to the purported waiver?
If there was a waiver and it was agreed that AVZ could apply for a continuation of the exploration permit for the north and the DRC broke that agreement, then the waiver would be null and void.
And if there was an agreement, you would have to wonder what sort of skullduggery the DRC pulled on AVZ in the first place to force them to agree to it.
We have seen what lies they are capable of as recently as the Minister of Mines denying we had a meeting with their mining representatives and this latest staged arrest of Mills Tshibangu claiming he knew what happened to the money in escrow at Rawbank, so he could spread more disinformation about us and the IGF.
We should be compensated for CDL, we drilled there, got core assays, built Camp Colline to store equipment, house the assays, supply accommodation for Manono local workers etc.
One thing stopping us getting back the north is Cominiere and the DRC shitting themselves because they know Zijin would then sue them and that’s because Zijin played them and they were corrupt enough to take Zijin’s bribes.
DLA Piper know what happened and they obviously feel the DRC broke the law
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Mute22
Regular
Evil AVZ trying to obey the mining code and DRC laws to legally mine providing tax revenue to the government!
That's the game the DRC/China are playing . I'm all for continuing to apply pressure or going the distance if share holders are 100% guaranteed an appropriate compensation $$$ that ends up in their bank accounts . Or maybe that would be our kid's/grand kid's bank accounts .
Winenut
GO AVZ!!!!
Yeah I agree we're not going mining
Was just looking "theoretically" at the options available to pay back Locke if funding is secured
In previous AGMs, Nigel confirmed that AVZ were tricked into signing a " waiver of the north "
He was vague on the detail if i remember.
This upcoming AGM, i would love to get clarification of that topic cause clearly its the stumbling block to ironing out a potential MOU that was purported.
Personally, as long as AVZ gets compensated for the exploration work done, i would be happy to relinquish CDL as long as there was a iron clad agreement that AVZ would receive the ML for RD then on sell / TO
Obviously the issue of water rights ( MPIANA MWANGA ) needs to be sorted out too.
One could argue and question why our BOD didnt come to some sort of agreement with the DRC govt about the north around when we received the ML decree if it allowed us to proceed with construction / production of RD with gusto.
I always thought and stated here on this forum that we were never going to be able to sit on CDL while concentrating our efforts on RD, always thought a JV arrangement at the very least would be necessary.
Markets hadnt priced in CDL with AVZ evaluation back in the day
Aagh hindsight.......
I certainly hope there is question time this year, long term holders are in desperate need of a update as to where matters stand.
Secret intel / whispers dont cut it.
Come May 2025, it will be 3 yrs that AVZ has been in the wilderness.
Xerof
Flaming 1967
Well, I attempted to translate this with google translate via my phone camera running over the transcript.
Seems that Jesus might have nicked it. He has a TV station, didn't get injured upon arrest, but still has not named anyone else.
Complete shambles and utter garbage
Mr_Tones83
Regular
I ran an AI transcription that was limited to first 30mins (obviously transcript isn't perfect) but once again it's literally just rambling nonsense.
Dave Evans
Regular
BEISHA anything with regard to the north is probably confidential and being addressed in submissions by DLA Piper. If DLA know the details and are presenting them in arbitration then that’s all I need to know.
We have had shareholders and trolls in here over time saying “why don’t they tell us this and that”. I can tell you I read one piece of of information that came from either the ICC or ICSID that @TDITD (TITS) posted here that was about 100 pages long and I bet none of the people who were complaining read the whole thing. I read it and decided there and then that all that information was best left in the lawyers hands. It’s way above the heads of most shareholders.
I think we were very lucky to have @9cardomaha information and we are very lucky to have @Carlos Danger providing information and his thoughts. AVZ have put out more announcements on what’s going on than I can remember, I read them all and believe the lies and deception Nigel has had to deal with is best left in DLA’s hands without me wanting to know every little detail. So far DLA has won every submission in the cases presented and the fact Zijin’s lawyers (Fasken) have been stalling every step of the way is unavoidable and I personally don’t expect to know all the details.
I would like to know one shareholder here who read all that information that TITS provided. Cominiere and Zijin have taken more than the original northern section so the best option we have in getting this sorted is letting the professionals deal with how we get compensated, and that means letting DLA Piper get on with the job.
There’s plenty of conjecture that shareholders and the bad actors can try and throw in, if you remember last year, one of those trying to overthrow the BOD last year constantly referred to the dispute as a “personal dispute rather than a legal dispute”. What a load of bullshit, it might be personal to shareholders and that’s why it’s personal to us, but it’s a legal dispute and as such, confidentiality applies and we have a top legal team in place.
I usually just try and stick to facts, it’s less stressful that way, especially when we know what a bunch of lying and corrupt actors AVZ has been having to deal with
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