AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hope they were not your Xmas presents
Gee I bet you are sad sorry for your lost
Cheers
Still no updates for AVZ on their website…!
Agree
Also hoping all S H shares don’t end up in that Temu bin…???
CashKing
Regular
Yep seems like that bud… Hope Nigel and AVZ Crew have understood this now hence legal action taken place.
Let’s all get out of this mess would be the best 2025 ever
Xerof
High Hopes 1994
Infamous NZ blogger ran a site called Whale Oil Beef Hooked.
Bin59
Regular
Why ask a question of holders when one simple search can reveal an answer the poster is looking for, unless you’re baiting of course … There are no bilateral extradition agreements between Australia & DRC.
Another poster posted this
Maybe their Assumptions has merit..!!!
All in their opinion i guess..??
IMO the AFP investigation is a wild throw at the stumps based on a complaint concerning whether AVZ is permitted under company law to enter into an Agreement for funding when its cash reserves are more or less dried up. I am tipping the Chinese and their buddies at MMGA are behind this approach as a last ditch effort to discredit the Management team about the legality of borrowing cash when the company is not trading and hasn't undertaken a cash raise to provide the liquidity for the Loan.
The fact that our Annual Report hasn't been published that many seem to think is an issue could be linked to this scenario and the AFP investigation as any assets AVZ has would also form part of this funding discussion. .
I was under the impression some institutional investors and our Board had kicked in some cash to get the funds up to $20M which was the amount originally being sought to fund our legal cases and provide some cashflow to operate the business. The verdict of the ICC Case against Cominiere must be expected in the first quarter of this year which if AVZ is successful will impose the payment of hefty fines. There would be no shortage of cash if this happened to be paid but IMO Cominiere are highly unlikely to accept the ICC decision or pay any fine that the ICC impose. The verdict and ruling by the ICC that Cominiere have engaged in illegal conduct (causing the penalty) will definitely be of interest to the President and this could have an impact on negotiations with AVZ to settle this dispute before the next Arbitration hearing.
Maybe their Assumptions has merit..!!!
All in their opinion i guess..??
IMO the AFP investigation is a wild throw at the stumps based on a complaint concerning whether AVZ is permitted under company law to enter into an Agreement for funding when its cash reserves are more or less dried up. I am tipping the Chinese and their buddies at MMGA are behind this approach as a last ditch effort to discredit the Management team about the legality of borrowing cash when the company is not trading and hasn't undertaken a cash raise to provide the liquidity for the Loan.
The fact that our Annual Report hasn't been published that many seem to think is an issue could be linked to this scenario and the AFP investigation as any assets AVZ has would also form part of this funding discussion. .
I was under the impression some institutional investors and our Board had kicked in some cash to get the funds up to $20M which was the amount originally being sought to fund our legal cases and provide some cashflow to operate the business. The verdict of the ICC Case against Cominiere must be expected in the first quarter of this year which if AVZ is successful will impose the payment of hefty fines. There would be no shortage of cash if this happened to be paid but IMO Cominiere are highly unlikely to accept the ICC decision or pay any fine that the ICC impose. The verdict and ruling by the ICC that Cominiere have engaged in illegal conduct (causing the penalty) will definitely be of interest to the President and this could have an impact on negotiations with AVZ to settle this dispute before the next Arbitration hearing.
Extradition is only allowed if the perpetrator has committed an offence in the territory of the requesting State; outside its territory by a national of that State; or outside its territory by a person foreign to that State, when the offense can be prosecuted under Congolese laws
cruiser51
Top 20
And they are still trying to get info for their bosses about what is really going on.
If that fails they resort to step 2, bait, derail and destruct.
Ashlee
Regular
I am interested on members thoughts on when the Company might pay the fees to the ISCID.And they are still trying to get info for their bosses about what is really going on.
If that fails they resort to step 2, bait, derail and destruct.
Happy new year all !
So what will 2025 bring to the table ?
Same shit different year ?
Fucked if i know, but as always, I will continue to remain positive and hope this article has some truth in it, i think this has been shared before but doesnt hurt to present it again.
www.mining.com
Cmon Nige, make a deal son !
So what will 2025 bring to the table ?
Same shit different year ?
Fucked if i know, but as always, I will continue to remain positive and hope this article has some truth in it, i think this has been shared before but doesnt hurt to present it again.
Congo wants to pivot away from China’s dominance over its mining
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates.
www.mining.com
Cmon Nige, make a deal son !
Would you wait and see if the Locke Funding has an influence on decisions made ? It's just taken 2.5 years for the China / DRC Gov to realize their stall tactics haven't worked . Give these Corrupt f--kers one last chance to reconsider , then lock and load the ICSID if they would rather remain low life Corrupt Criminal Scumbags . Simples
I thought they would have before the end of December
I can't recall exactly how long they have to pay before the action/case lapses
We're paying for both parties if my memory serves me correctly
I haven't read up (in a hurry to get somewhere right now) but here's a link to ICC and ICSID fee schedules
Hope it maybe helps
https://iccwbo.org/dispute-resolution/dispute-resolution-services/arbitration/costs-and-payment/
https://icsid.worldbank.org/services/cost-of-proceedings/schedule-fees/2023
Yes you are correct there is talk about AVZ paying both AVZ and the DRC ICSID FEES...??????
But unfortunately upto now, nothing has appened...imo
But again many other confusing ISSUES have popped up..????
Maybe not all, what many are saying...imo
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