AVZ Discussion 2022
- Thread starter GazDix
- Start date
What a crock of shit. Carlos is one of those on here who consistently tell it how it is, with well-considered justifications for his positions. Given our circumstances are dire, these positions have invariably appeared negative in recent years. Amazing how that works when you take a realistic viewpoint.
You are always quick to shut down such views, but I wholeheartedly appreciate the inputs that Carlos and others put forward. Im sure many others feel the same way.
I think we'll likely glean more accurate insights through those like Carlos rather than listening to the pump squad on Twitter, that whilst positive and feel-good, has been wrong over and over again.
dollarbills
Regular
Agree, i have valued Carlos' input and his excellent analysis and interpretation of the current standing with ICC and ISCID.
It is up to our BOD how they navigate and negotiate through the corruption...
Cumquat Cap
Regular
No doubt Carlos knows his shit, seems he was right all along - just saying he seems to enjoy the fact we’re all fucked
Carlos Danger
Top 20
My point was that negotiations will continue as long as necessary which is far more positive than saying the drawn out legal process is our last option as many have imo
I take absolutely zero joy in this situation. I find humour gets a message across quicker than any other communication method so perhaps that is where the confusion lies but my main motivation for researching is to try and help shareholders that are suffering understand the situation whether the information is palatable or not.
I’ve also been wrong about heaps of shit haha
Lets just simply wait for the ICC and ICSID rulings - we have seen in the past that countries take the rulings of the ICSID very seriously and it is a catalyst for negotiation and settlement.
Just because you stole a car changed the wheels over and sold it to a mate (who knows the car is stolen) doesnt make the car your mates property. This is also the reason why we are litigating this primarily internationally rather than the corrupt domestic courts in the DRC.
Negative speculation until we know the rulings of both the ICSID and ICC - serves no purpose. You run the risk of feeding peoples anxiety which may trigger personal outcomes that none of us want to see or be responsible for through our musings.
We have no other option than to support the Board and each other.
Regards,
SilentOne
Just because you stole a car changed the wheels over and sold it to a mate (who knows the car is stolen) doesnt make the car your mates property. This is also the reason why we are litigating this primarily internationally rather than the corrupt domestic courts in the DRC.
Negative speculation until we know the rulings of both the ICSID and ICC - serves no purpose. You run the risk of feeding peoples anxiety which may trigger personal outcomes that none of us want to see or be responsible for through our musings.
We have no other option than to support the Board and each other.
Regards,
SilentOne
Cumquat Cap
Regular
Fair enough mate I can respect that, certainly looking as though DRC don’t give a shit about any arbitration courts and are pressing ahead. Have to wait and see
Carlos Danger
Top 20
ICSID decision is YEARS away lol
Unchecked positive speculation does far more damage to people's mental health than realism imo
Samus
Top 20
This may be so but the arbitration proceedings might start to put the squeeze on DRC a lot sooner.
The focus right now should be on the latest announcement which stated:
Regardless of Manono Lithium's compliance with the DRC Mining Code, Cominière's conduct in, at least, procuring the modification of the CAMI register constitutes a clear breach of the emergency relief made by the International Commercial Court (ICC) on 15 November 2023, which ordered Cominière "not to take any steps to explore and exploit, directly or indirectly, the mining reserves within the perimeter of PR 13359 and PR 15775". Accordingly, the Company has referred the matter to the ICC tribunal constituted in case 27720 and submitted that only an order for the immediate payment of the daily fines imposed by the emergency arbitrator on Cominière for breach of the emergency relief will ensure Cominière's due compliance with the Tribunal’s orders pending a final award. As at the date of this announcement, AVZ estimates the aggregate amount of penalties accrued on account of Cominière'S continuing breaches of the emergency relief to be approximately US$73.85 million.
You would hope that things like the miraculous Manono Lithium exploitation permit that arrived out of nowhere and nothing (like it was born of the virgin fucking Mary) granted recently might highlight the urgency and seriousness of these breaches by cominiereSA.
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Dave Evans
Regular
I don’t think it’s a case of unchecked speculation Carlos. I think we are all aware now that the DRC have been leading our management on and we are certainly aware of the corruption that’s taken place as far as Cominiere and Zijins violations.
I believe it’s a case of shareholders remembering all the actors that have worked to overthrow our BOD all the way back to boatman.
@TheCount posted the number of short positions around AVZ had dropped but it doesn’t mean there won’t be another planned move to overthrow the BOD.
I don’t know when the next ICC ruling is due but I suspect it will be ahead of the AGM. I also suspect it has been delayed by Zijin’s lawyers stalling tactics
Only way out of this now is a negotiated settlement prior to ICSID IMO. I don't know if Nigel needs to return every share holder all their $$$ . Could this be a sticking point that prevents him from accepting an offer ? There are 100's if not 1000's of share holders who got in early (sub10c/ 20c /30c/50) . SilentOne , I know you got in at the highs . So you might have to take one for the team and cop a 50% hair cut . No point in all us getting thrown under the bus.
Wombat,
I am not about to take one for the Team - I have made it very clear that I am happy to take this to its conclusion though it would create major angst for me.
I am definitely not taking a hair cut. This is an exceptionally valuable resource. I am not letting go of my investment.
So no, I am not taking one for the team.
Regards,
SilentOne
Keep it up mate. I for one appreciate your insights/opinions.
Apologies . My dark sense of humour does get the better of me at times .Posts deleted .
AVZ management is quiet, despite some pretty big smoke signals coming from CAMI.
However, I can't see AVZ letting those shit-eating maggots off the hook.
This latest indiscretion should get the attention of even the most comatosed arbiter.
Nobody was harmed in this GIF. It's just a movie.
However, I can't see AVZ letting those shit-eating maggots off the hook.
This latest indiscretion should get the attention of even the most comatosed arbiter.
Nobody was harmed in this GIF. It's just a movie.
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Cumquat Cap
Regular
Everyone jump on C and make some noise, all we can do currently
Cumquat Cap
Regular
X*
Carlos Danger
Top 20
Agreed. I just think that shareholders deserve to know how long it could possibly take and management haven't done a great job at explaining that. Whether sooner or later I am extremely confident we will get a positive result at some point as the key facts are on our side imo
Carlos Danger
Top 20
I meant more generally than any specific issue. There is just a culture of denial, rumour spreading and poo pooing of questions among shareholders that I find unhealthy.
Even thou I felt I was clear that it was just speculation you were right to call me out for unchecked positive speculation when it was announced via tweet that the MoM had issued a new decree early last year. I thought perhaps it was good news and you said I had nothing to base that on and it turned out you were right and that our licence had been purportedly cancelled. So I'm not immune to this myself.
And yeah I do understand why it happens. This has been an extremely stressful situation and the clown car of detractors we have had to deal with that spread constant disinformation in their attempt to steal the project has put people in a us vs them posture. I still support the bod (and am pretty sure I was the first to warn on this forum at least that the barbarians would attempt to storm the gate) but I have said from day one that I will call them out if I feel they have done something wrong.
As far as I know the next ICC decision should be Cominiere penalty liquidation or Dathomir merit ruling. Should both be somewhat soon imo
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