AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
Go AVZ!
I imagine it takes people of exceptional character to refuse brown paper bags and place the good of the DRC and the interests of the broader community ahead of their own financial gain
So many don't there......and the same applies here on all sorts of levels both large and small
lellep
Regular
China Helpless Against a Gang Stealing Its Gold on the Other Side of the World
In Colombia, a drug cartel seized a Chinese gold mine, overwhelming security. Illegal miners exploit the lucrative operation.
m.jpost.com
Maybe the level of noise he produces now is directly proportional to the size of his brown paper bags.
I've thought that before about others.
Lets not forget (according to Wikipedia ) Kabila attempted to have members of Katumbi's family murdered (among other things) in the lead up to the elections . I can think of only one reason these two have come together ,and it's neither good for the DRC or International Investors .imo
"In 2021, it was reported that Kabila embezzled over $138 million during his presidency."
We as S H need to know, confirmation of how much cash each director put into the consignment note cap raise, whether any options have been converted or cancelled, details of remuneration , how much money was paid out in legal expenses etc.
When it was listed the BOD didn't comply with the ASX continuous disclosure rules, now its delisted it hasn't complied with the corporation law and provided the annual report as its required to do, and stated that it would table at the AGM and didn't, and stated in the notice of AGM that it would be available on the website and isn't.
Yes I acknowledge all the shenanigan's and the corruption that's gone down but the BOD are still lacking in timely disclosure to shareholders, the AFP raid is also something that also needs to be fully explained.
All in my Opinion above...cheers
When it was listed the BOD didn't comply with the ASX continuous disclosure rules, now its delisted it hasn't complied with the corporation law and provided the annual report as its required to do, and stated that it would table at the AGM and didn't, and stated in the notice of AGM that it would be available on the website and isn't.
Yes I acknowledge all the shenanigan's and the corruption that's gone down but the BOD are still lacking in timely disclosure to shareholders, the AFP raid is also something that also needs to be fully explained.
All in my Opinion above...cheers
Frank
Top 20
China Helpless Against a Gang Stealing Its Gold on the Other Side of the World
In Colombia, a drug cartel seized a Chinese gold mine, overwhelming security. Illegal miners exploit the lucrative operation.
China Helpless Against a Gang Stealing Its Gold on the Other Side of the World
In Colombia, a drug cartel seized a Chinese gold mine, overwhelming security. Illegal miners exploit the lucrative operation.In the remote, rugged terrain of Colombia, a bitter and dangerous conflict is unfolding between a Chinese state-owned mining company and a powerful drug cartel that has hijacked a lucrative gold mine.
Zijin Mining Group finds itself in an unprecedented struggle, losing millions of dollars and facing existential challenges to its operations.
The Scale of the Crisis
Zijin Mining has suffered staggering losses, with over 3.2 tons of gold—valued at approximately $200 million—stolen in just one year.This represents nearly 40% of the total gold production from the mine, a devastating blow to the company's profitability and operational integrity.
The Clan del Golfo, a notorious Colombian drug cartel, has seized control of more than 30 miles of underground tunnels leading to a gold reserve worth hundreds of millions of dollars.
Cartel Operations and Economic Dynamics
The illegal mining operation is sophisticated and well-organized.The Clan del Golfo provides protection and access to miners from Colombia and Venezuela, who can earn up to $5,000 per month by working these unauthorized tunnels.
In exchange, the cartel receives a significant cut of the profits, creating a complex economic ecosystem that directly undermines Zijin's legitimate mining activities.
Legal and Diplomatic Tensions
Frustrated by the persistent illegal activities and what it perceives as governmental inaction, Zijin has launched a $430 million lawsuit against the Colombian government.The company argues that authorities have failed to provide adequate protection for its investment and have allowed illegal miners to operate with impunity.
The Colombian government, however, presents a different perspective. Officials claim they lack the necessary resources to completely eradicate illegal mining and are concerned about the potential for widespread violence that could result from a massive crackdown on these operations.
Zijin's Strategic Response
In response to these challenges, Zijin Mining has implemented a multi-pronged strategy:- Legal Recourse: The company has filed an arbitration case with the World Bank's International Centre for Settlement of Investment Disputes (ICSID), seeking compensation for inadequate security protection.
- Security Collaboration: Zijin is working closely with local police and security personnel to enhance protective measures around the mine.
- Operational Continuity: Despite the significant challenges, the company remains committed to maintaining gold production and achieving its annual targets.
Broader Industry Implications
The situation highlights the complex risks associated with mining operations in regions characterized by significant security challenges. A senior Zijin security official candidly admitted that the company is "losing the war" against illegal mining, underscoring the severity of the problem.Conclusion
As this high-stakes conflict continues to unfold, the global mining industry watches closely.Zijin Mining's experience serves as a stark reminder of the intricate challenges that can emerge when corporate interests intersect with local criminal networks, complex governmental dynamics, and economic desperation.
The outcome of this struggle could have far-reaching implications for international mining investments, security strategies, and the delicate balance between economic development and local security challenges.
jpost.com
It's called an act of God.
Haha, the old 'My enemy's enemy is my friend' scenario.
More concern for AVZ S H like me is...!!!!!
No further updates in regards to this matter in a company ANNoncement Nov 2024"""" LOCKE DEAL.""""
AVZ expects to drawdown a first tranche of funds during December 2024.........WHY WHYno updates
DRC refuse to abide to any Arbitrations by this..!
The DRC Government's failure to comply with the interim orders made in the Company's favour by the International Center for Settlement of Investment Disputes (ICSID) tribunal on 16 January 2024.
Cominiere's failure to comply with the emergency orders made against it including the grant of emergency orders in the Company's favour by the International Court of Arbitration of the International Chamber of Commerce (ICC) tribunal on 5 May 2023 and on 15 November 2023 in ICC Case 27720.
No further updates in regards to this matter in a company ANNoncement Nov 2024"""" LOCKE DEAL.""""
AVZ expects to drawdown a first tranche of funds during December 2024.........WHY WHYno updates
DRC refuse to abide to any Arbitrations by this..!
The DRC Government's failure to comply with the interim orders made in the Company's favour by the International Center for Settlement of Investment Disputes (ICSID) tribunal on 16 January 2024.
Cominiere's failure to comply with the emergency orders made against it including the grant of emergency orders in the Company's favour by the International Court of Arbitration of the International Chamber of Commerce (ICC) tribunal on 5 May 2023 and on 15 November 2023 in ICC Case 27720.
Rediah
Regular
SHUT THE FUCK UP AND SIT DOWN FOR A LITTLE LESSON BITCH!
“More concern for AVZ S H like me is...!!!!!”
Other shareholders don’t have any concerns about updates at this time as “WE” the “SHAREHOLDERS” understand what “OUR” “BOD” are dealing with and with what they are doing!
“...WHY WHYno updates” because they don’t have to you fucking dumbass!
What don’t you understand about delisted companies….. or you do, hence your continuous baiting of “SHAREHOLDERS”
You “ARE NOT A SHAREHOLDER”
If so, prove it!
Your constant baiting demanding these updates are doing nothing for you! Get a life or at least go and fuck a ladyboy….Hmmmm yes, you like them big cigars?
Ring Nigel and ask him yourself since you’re are substantial holder.
Merry Xmas you cunt. See you very soon
He is back !!!!!
And a very Happy New Year to you, good sir.
SHUT THE FUCK UP AND SIT DOWN FOR A LITTLE LESSON BITCH!
“More concern for AVZ S H like me is...!!!!!”
Other shareholders don’t have any concerns about updates at this time as “WE” the “SHAREHOLDERS” understand what “OUR” “BOD” are dealing with and with what they are doing!
“...WHY WHYno updates” because they don’t have to you fucking dumbass!
What don’t you understand about delisted companies….. or you do, hence your continuous baiting of “SHAREHOLDERS”
You “ARE NOT A SHAREHOLDER”
If so, prove it!
Your constant baiting demanding these updates are doing nothing for you! Get a life or at least go and fuck a ladyboy….Hmmmm yes, you like them big cigars?
Ring Nigel and ask him yourself since you are a substantial holder.
Merry Xmas you cunt. See you very soon
Well if your not a Share holder, you might not have any concerns..!
But i can only talk for myself as a S H there is many matters that B O D need to update their S H..!?????
So maybe some certain poster need to ring NIGEL ...!but i dont need to do so..imo
YOU Could have saved your time and went to the AGM...imo
Mouth to mouth is always better..?
But i can only talk for myself as a S H there is many matters that B O D need to update their S H..!?????
So maybe some certain poster need to ring NIGEL ...!but i dont need to do so..imo
YOU Could have saved your time and went to the AGM...imo
Mouth to mouth is always better..?
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