Mate, you are absolutely correct; the DRC cannot be trusted to honour any agreement it enters. You are also correct that the DRC does not want to butt heads with Zijin Mining. However, the DRC seems to be holding just a pair of twos in this three-handed poker game. ICC/ICSID rulings will probably go against it, and it is already exposed to approximately $AU100 million in penalties before even a single shot is fired.
I think that we are approaching a point of no return for the DRC. CATH has swapped horses.
As you suggest, the trick will be to manage Zijin.
Cheers
F
Totally agree.
DRC as well as Cath have shown they cannot be trusted.
Just remember the way Cath voted in 2023 November with MMGA and what would have happened if they would have won that vote.
We would not be talking AVZ today and your money would have been gone.
As far as I see it, AVZ has funding to continue the fight.
That funding came at a price.
Until AVZ has the entire title back (and Zijin off the tenement), the ML and access to power from the hydro power station, the arbitration fight will have to continue.
Giving up arbitration now, because Pei started to talk business is insane.
Pei started to realize that there could well be a possibility that they could lose the lot, that is the only reason Pei wanted to talk.
The way the deal was struck really didn't cost Pei anything, just a couple of moves on the chess board.
The foot has to be kept on the throat and any wriggle has to be answered with an extra bit of weight on that foot, to make sure they understand.
Fukkum
