AVZ Discussion 2022

[Scoota30]

'I doubt anyone would think that'

Well it’s the logical action that would be taken by a party who only thought they could win if their opponents ran out of money after seeing said opponents get money one would think. Unless they think they can win, at least partially, for other reasons. The ’southern portion 95% of value’ comment isn’t the first time Nigel has tried to frame the idea of us only getting the non mica infested south as a positive outcome.

There were two other things that Nigel said at the AGM that really stuck out to me

‘The president now has a problem: either AVZ litigates or Zijin does’

I’ve been banging on about this for years now. And I don’t think the situation has really been appreciated by the majority of posters here. And as I have consistently said on this issue if I were in the DRC’s shoes I would take my chances in arbitration against the delisted exploration company that almost went bankrupt rather than the multi billion dollar market cap miner.

‘Expects legal proceedings to end 2026/2027’

This is the exact same time frame I mentioned a few months ago. Amazing the amount of dipshits that felt the need to attack me over this forecast when my main point was that management weren’t doing themselves any favours by not giving an accurate prediction of how long this will take. It’s a good thing that the majority of shareholders apart from the clowns still saying the ICSID will be done in 2025 now understands this fact imo

The answer is extremely simple and the only ones that can't grasp their head around it are the one's that need to make the move - the DRC Government. A negotiated settlement would be the best outcome for everyone involved, i don't know what's taking them so long. Maybe they need someone with a backbone from the US to stand over them and show them how small they are.

 

[tolate]

Would these AVZ company ANN be contacted, both came out the same day...???
Company Statement AFP Investigation
Dec 10, 2024
Read More →
Non-Executive Director Resignation
Dec 10, 2024
Read More →

 

[cruiser51]

I do genuinely ask the question.... How does Zijin litigate against the DRC in international courts without exposing its own complicit activities and willing fostering of and participation in corruption?

I would like to say that is the problem for the DRC and Zijin to solve, not AVZ.

Do not believe the BS the trolls try to spin here, on HC, or X.

The fact that they are still overactive is a pretty strong indication that certain parties are pretty nervous, each has their own reasons/interests in mind.

 

[tolate]

The fact that they are still overactive is a pretty strong indication that certain parties are pretty nervous, each has their own reasons/interests in mind.

""AGM 2024 question time"""",is this a true indication who is really is nervous..."""""""MAYBE"""""""""ENFORCEMENT ISSUES"""""""

17/ Enforcement

Question 12 – Do you believe that after litigation, things will be in our favour

Nigel – Big question is enforcement. Maybe there will be a change of attitude or litigation will have to continue till end, and then look at enforcement

 

[BRICK]

just remember folks....

View attachment 74600

 

[cruiser51]

What happened with this policy?

Is it now ala the DRC, a couple of brown bags and Bob is your uncle?

Why doesn't zeeb0t stick to his own rules?

 

[Winenut]

I would like to say that is the problem for the DRC and Zijin to solve, not AVZ.

Do not believe the BS the trolls try to spin here, on HC, or X.

The fact that they are still overactive is a pretty strong indication that certain parties are pretty nervous, each has their own reasons/interests in mind.

Yeah wasn't really looking to solve it for them

It was more of a comment as to how on earth could Zijin take the DRC to international court if they end up unhappy with the Manono outcome

Surely that would bring about the potential to massively expose (on an international stage) Zijin's own litany of wrongdoings in all of this shitty saga

Maybe they're not scared of that?

I don't know

But it would be like the stupid fkn dope grower with a nice hydro setup and lights in his back shed calling in the cops cause someone broke in and stole his fkn plants.......

 

[Flight996]

Today: Africa Intelligence

Ivory Coast : French investigation sends tremors through Abidjan's political class - 23/12/2024 - Africa Intelligence

For several months, a French magistrate has been investigating a system of alleged 'corruption of foreign public officials' and alleged 'money laundering' involving members of Ivory Coast's political - 12/23/2024

www.africaintelligence.com

Haha, that's nothing compared to what's awaiting DRC's kleptocrats and Beijing's baggage handlers.

 

[whales]

Carlos are you still of the belief if we let the North go we can resolve these matters and move forward with Roche Dure ?

Re your comment , taking on AVZ rather than Zijin . Zijin will have the DRC Gov over a barrel if brown paper bags changed hands . Celestine Kibeya tape was a warning shot . imo

Perhaps the additional pressure should be put on Zijin / China
Prevent goods being exported once found guilty of corruption.
China does not control the railway or ports .

 

[Remark]

I'm noticing a lot of moderation recently for posts that would normally make it through to the keeper

An interesting, albeit off topic, question came to mind, who owns thestockexchange.com.au or for that matter that other place that cannot be mentioned?

"Thestockexchange.com.au is a free service that boasts real-time AI (artificial intelligence) moderation of posts for negativity and harassment. The site is limited to most popular stocks, top rated posts, and most discussed threads. Background checking of posters history is available. The search function accesses posts on specific stocks."

The Mysterious World of Stock Forums

Stock forums provide an opportunity to share investing insights, but come with the caveat to confirm what you find.

thebull.com.au

So Zeebot is an actual bot?

PS. In case this is my "last post", pun intended, so long and it's been nice getting to know you guys & gals.

 

[JNRB]

'I doubt anyone would think that'

Well it’s the logical action that would be taken by a party who only thought they could win if their opponents ran out of money after seeing said opponents get money one would think. Unless they think they can win, at least partially, for other reasons. The ’southern portion 95% of value’ comment isn’t the first time Nigel has tried to frame the idea of us only getting the non mica infested south as a positive outcome.

There were two other things that Nigel said at the AGM that really stuck out to me

‘The president now has a problem: either AVZ litigates or Zijin does’

I’ve been banging on about this for years now. And I don’t think the situation has really been appreciated by the majority of posters here. And as I have consistently said on this issue if I were in the DRC’s shoes I would take my chances in arbitration against the delisted exploration company that almost went bankrupt rather than the multi billion dollar market cap miner.

‘Expects legal proceedings to end 2026/2027’

This is the exact same time frame I mentioned a few months ago. Amazing the amount of dipshits that felt the need to attack me over this forecast when my main point was that management weren’t doing themselves any favours by not giving an accurate prediction of how long this will take. It’s a good thing that the majority of shareholders apart from the clowns still saying the ICSID will be done in 2025 now understands this fact imo

"I would take my chances in arbitration against the delisted exploration company that almost went bankrupt rather than the multi billion dollar market cap miner."

You're assuming that

1. in both situations the DRC has an equal chance of losing
2. The outcome is equally bad

0. I for one don't think zijin is going to litigate in any serious manner. They know full well their entire modus operandi requires operating in legal gray areas and obfuscation. Do you think Zijin would willingly subject themselves to interrogation by ICISID or similar?

1. Zijin may take the chance to using some litigation to try and screw some concessions out of DRC, but they were being dodgy from the start so it's a gamble for them whether they'll get anything, especially if they have to pursue it in local courts (ie avoid international dispute resolution)

2. In such a situation, the penalities for Zijin not getting a portion of the northern tenement which it knew it didn't have the rights to aquire would be peanuts compared to what DRC faces in it's cases with AVZ.

So yes, Zijin a much more formidable opponent to fight, but it would be a very different fight with very different outcomes.

 

[JNRB]

Hi all,

This is completely unrelated to my previous post. Something I just came across that I thought would be a nice reminder to us all about what we're fighting for and the reward that waits on the other side...

With the exception of greenbushes and pilganoora, EVERYTHING else looks like CRUMBS in comparison (the former look merely 'small'). We're not going through this shit-show just for any old deposit.

I love that they had to break the scale in order to even fit it onto their chart.

Anyway, it's been a bit rough on here lately, I hope this is a nice little reminder of the potential upside we still have, and a little bit more energy to keep up the fight.

Have a Merry Christmas everyone!!!

 

[tolate]

No AVZ updates on anything lately

No ANNUAL REPORT yet..2024 nearly over..!

Also have AVZ DRAWNDOWN a first tranche of FUNDS and what did they use it for..??
This was in a company announcement in NOV 28 2024

• AVZ expects to drawdown a first tranche of funds during December 2024. •

The facility will provide funding for legal fees incurred by AVZ and its related entities, including expert fees, local law support, investigation costs, arbitration and court fees and related activities

 

[BRICK]

 

[Flight996]

The DRC files criminal charges against Apple over 'conflict minerals'

The Democratic Republic of the Congo (DRC) has filed criminal complaints against tech giant Apple’s subsidiaries in France and Belgium over the use of “conflict minerals” in their supply chains.

Why has DRC filed criminal charges against Apple over ‘conflict minerals’?

Democratic Republic of the Congo says tech giant has been using controversial minerals from sub-Saharan Africa.

www.aljazeera.com

Lawyers representing the Central African country, claimed in a statement this week that Apple’s subsidiaries in Europe are using conflict minerals sourced in sub-Saharan Africa and accused the company of “using deceptive commercial practices to assure consumers that the tech giant’s supply chains are clean”.

So, the DRC kleptocrats, who rule one of the world's most corrupt countries and with an abysmal record of human rights violations, forced relocations, misappropriation and arbitrary expropriation without compensation think that Apple is using conflict materials in its supply chain.

What fucking hypocrisy.

Cheers
F

Merry Xmas to all the good and decent members here.

 

[Doc]

The DRC files criminal charges against Apple over 'conflict minerals'

The Democratic Republic of the Congo (DRC) has filed criminal complaints against tech giant Apple’s subsidiaries in France and Belgium over the use of “conflict minerals” in their supply chains.

Why has DRC filed criminal charges against Apple over ‘conflict minerals’?

Democratic Republic of the Congo says tech giant has been using controversial minerals from sub-Saharan Africa.

www.aljazeera.com

Lawyers representing the Central African country, claimed in a statement this week that Apple’s subsidiaries in Europe are using conflict minerals sourced in sub-Saharan Africa and accused the company of “using deceptive commercial practices to assure consumers that the tech giant’s supply chains are clean”.

So, the DRC kleptocrats, who rule one of the world's most corrupt countries and with an abysmal record of human rights violations, forced relocations, misappropriation and arbitrary expropriation without compensation think that Apple is using conflict materials in its supply chain.

What fucking hypocrisy.

Cheers
F

Merry Xmas to all the good and decent members here.

Kinda hope the DRC wins 5bn settlement. Means we get paid quicker!

 

[eqtrade]

The DRC files criminal charges against Apple over 'conflict minerals'

The Democratic Republic of the Congo (DRC) has filed criminal complaints against tech giant Apple’s subsidiaries in France and Belgium over the use of “conflict minerals” in their supply chains.

Why has DRC filed criminal charges against Apple over ‘conflict minerals’?

Democratic Republic of the Congo says tech giant has been using controversial minerals from sub-Saharan Africa.

www.aljazeera.com

Lawyers representing the Central African country, claimed in a statement this week that Apple’s subsidiaries in Europe are using conflict minerals sourced in sub-Saharan Africa and accused the company of “using deceptive commercial practices to assure consumers that the tech giant’s supply chains are clean”.

So, the DRC kleptocrats, who rule one of the world's most corrupt countries and with an abysmal record of human rights violations, forced relocations, misappropriation and arbitrary expropriation without compensation think that Apple is using conflict materials in its supply chain.

What fucking hypocrisy.

Cheers
F

Merry Xmas to all the good and decent members here.

Would DRC be questioned if they pay for the fees for this case themselves at least or ICSID admin just reject the application because DRC have outstanding fees and fines if any to be paid?

 

[tolate]

The DRC files criminal charges against Apple over 'conflict minerals'

The Democratic Republic of the Congo (DRC) has filed criminal complaints against tech giant Apple’s subsidiaries in France and Belgium over the use of “conflict minerals” in their supply chains.

Why has DRC filed criminal charges against Apple over ‘conflict minerals’?

Democratic Republic of the Congo says tech giant has been using controversial minerals from sub-Saharan Africa.

www.aljazeera.com

Lawyers representing the Central African country, claimed in a statement this week that Apple’s subsidiaries in Europe are using conflict minerals sourced in sub-Saharan Africa and accused the company of “using deceptive commercial practices to assure consumers that the tech giant’s supply chains are clean”.

So, the DRC kleptocrats, who rule one of the world's most corrupt countries and with an abysmal record of human rights violations, forced relocations, misappropriation and arbitrary expropriation without compensation think that Apple is using conflict materials in its supply chain.

What fucking hypocrisy.

Cheers
F

Merry Xmas to all the good and decent members here.

Yes this was Announced by AVZ in DEC 2024
Just ongoing advents everywhere..?


Company Statement AFP Investigation AVZ Minerals Limited (“AVZ”, “the Company”) acknowledges that, as referred to in recent media reports, the Australian Federal Police (AFP) have executed search warrants in respect of allegations of bribery related to the Manono Lithium Project in the Democratic Republic of Congo.

AVZ previously obtained legal advice in relation to the management of the bribery and corruption risk associated with doing business in the DRC. That advice was leaked to and reported by the media in February 2023.

 

[cruiser51]

The DRC files criminal charges against Apple over 'conflict minerals'

The Democratic Republic of the Congo (DRC) has filed criminal complaints against tech giant Apple’s subsidiaries in France and Belgium over the use of “conflict minerals” in their supply chains.

Why has DRC filed criminal charges against Apple over ‘conflict minerals’?

Democratic Republic of the Congo says tech giant has been using controversial minerals from sub-Saharan Africa.

www.aljazeera.com

Lawyers representing the Central African country, claimed in a statement this week that Apple’s subsidiaries in Europe are using conflict minerals sourced in sub-Saharan Africa and accused the company of “using deceptive commercial practices to assure consumers that the tech giant’s supply chains are clean”.

So, the DRC kleptocrats, who rule one of the world's most corrupt countries and with an abysmal record of human rights violations, forced relocations, misappropriation and arbitrary expropriation without compensation think that Apple is using conflict materials in its supply chain.

What fucking hypocrisy.

Cheers
F

Merry Xmas to all the good and decent members here.

The EastAfrican

@The_EastAfrican
·
Dec 20

A South African law firm is seeking compensation from the DRC after it helped Kinshasa win a $180 million Glencore suit.


If I was Robert Amsterdam and Co, I would insist on a payment upfront.


Robert Amsterdam's previous involvement with the DRC in 2022....

On October 4, the lawyer Robert Amsterdam of Amsterdam & Partners LLP, which represents MMCS Strategic 1, issued a public notice addressed to numerous parties claiming to have an interest in Manono, including AVZ Minerals of Australia, Chinese companies and individuals Zijin Mining Group, CATL, Cong Mao Huai (Simon Cong), and Min Guo Wei, as well as the Congolese state-owned company Cominière. The public notice was also addressed to Zoe Kabila, an MP and the brother of former President Joseph Kabila, as well as Guy Luando, a currently serving Minister in the government of President Felix Tshisekedi.

“Since this illegal raid was engaged against them in 2016, MMCS has continuously asserted its ownership over Manono through public statements, commercial arbitration, and through direct correspondence,” the MMCS statement reads. “Take notice that until such time as our rights have been vindicated, MMCS possesses true, full and proper title to Manono.”

The statement continues, “MMCS cautions all parties who may be interested in the Manono Project to conduct appropriate due diligence in respect of the claims that any parties other than MMCS are making regarding rights to the Manono Project.”

The public notice of ownership by MMCS’ lawyers adds additional complexity to Manono issue. AVZ Minerals Limited, the Australian company which previously had been publicly promoting its claim to the Manono license and raising capital based on what may not be a proper title, has suspended trading of its shares on the Australian Securities Exchange (ASX). Meanwhile, there have been speculative media reports that corruption-related sanctions could be looming over the Tshisekedi administration, which could become a major headache ahead of the 2023 elections. According to Africa Intelligence, the US treasury has completed its investigation into André Wameso, one of the closest advisers of the DRC president.


It looks like these lawyers behave rather odd.
They first fight against anything DRC tooth and nail and now it appears they switched camps.
And all that with the DRC being accused of not paying their legal bills.

They must know by now that any deal agreed to with the DRC is not worth the paper it is written on and Felix wears a bullet proof vest for good measure.

 

[Remark]

Have a great Christmas everybody, stay safe