AVZ Discussion 2022

[Spikerama]

Absolutely. ….never going to happen though . Sold 200k at the start of Jan 21 to put down the house deposit. Cap gain tax was around $140k …. Payment plan to ATO attracts a 9.5% interest charge compounding !!!!!! Good money if you can get it ….C——-s !!

$140K? That outrageous. How can CGT be 70% tax?

 

[PutUsernameHere]

I suggest you all consider engaging a paid tax agent (not financial adviser) to work through the plan piece by piece.

Accountants can give you factual information about your situation only, a tax financial adviser can give you that information and advise you on a strategy for moving forwards, to each individuals situation. Accountants can provide information and can give you a nudge at what you could do, but only advisers can tell you what you should do.

Ideally, you'd engage both. Particularly (yes, we're getting ahead of ourselves) with some of the potential sums some people here are talking about. I definitely wouldn't say exclude an adviser in people's planning though.

 

[Frank]

I personally don’t want a dividend I want a capital return or something that triggers a CGT event.

So something like, Oh i don't know, maybe

 

[Juba1845]

This doesn't look like a deal has been done or is being done . DRC still trying to have AVZ case against them thrown out. Looking more and more like it will play out through the courts. Long way to go.

Case Details | ICSID

icsid.worldbank.org

Latest Development:
April 14, 2025 -
The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.

 

[Winenut]

Accountants can give you factual information about your situation only, a tax financial adviser can give you that information and advise you on a strategy for moving forwards, to each individuals situation. Accountants can provide information and can give you a nudge at what you could do, but only advisers can tell you what you should do.

Ideally, you'd engage both. Particularly (yes, we're getting ahead of ourselves) with some of the potential sums some people here are talking about. I definitely wouldn't say exclude an adviser in people's planning though.

Maybe accountant to minimise the tax and planner to decide best use of proceeds given your individual situation

 

[Retrobyte]

This doesn't look like a deal has been done or is being done . DRC still trying to have AVZ case against them thrown out. Looking more and more like it will play out through the courts. Long way to go.

Case Details | ICSID

icsid.worldbank.org

Latest Development:
April 14, 2025 -
The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.

Delaying tactic so Celestin and Alain can spend more time on Skyscanner finding the cheapest flight to Brussels.

 

[Winenut]

This doesn't look like a deal has been done or is being done . DRC still trying to have AVZ case against them thrown out. Looking more and more like it will play out through the courts. Long way to go.

Case Details | ICSID

icsid.worldbank.org

Latest Development:
April 14, 2025 -
The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.

DRC will continue to do that until everything is absolutely final and i's dotted t's crossed.....just like AVZ on the other side

 

[Winenut]

$140K? That outrageous. How can CGT be 70% tax?

100%......

There is no planet where either selling 200,000 AVZ shares (even at ATH) or $200k worth of AVZ shares will ever generate a CGT bill of $140k purely attributable to the transaction itself

 

[Doc]

This doesn't look like a deal has been done or is being done . DRC still trying to have AVZ case against them thrown out. Looking more and more like it will play out through the courts. Long way to go.

Case Details | ICSID

icsid.worldbank.org

Latest Development:
April 14, 2025 -
The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.

Keep trying

 

[Goldenboy]

$140K? That outrageous. How can CGT be 70% tax?

There was personal tax in there as well. Thankfully now retired so no tax …. Except for my personal holdings ( only AVZ ) when they get paid out there will be more cap gains and tax payable.

 

[Goldenboy]

100%......

There is no planet where either selling 200,000 AVZ shares (even at ATH) or $200k worth of AVZ shares will ever generate a CGT bill of $140k purely attributable to the transaction itself

Personal tax included. Still paying it off.

 

[Winenut]

Personal tax included. Still paying it off.

Got it

 

[Remark]

What Jens said...

The respondent's objection reminds me of those "Sovereign citizens" stating that they are not subject to Australian law when they are pulled over for speeding with no license in an unregistered car.

 

[Mute22]

Case Details | ICSID

icsid.worldbank.org

Latest Development:
April 14, 2025 -
The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.

 

[Flight996]

What Jens said...

The respondent's objection reminds me of those "Sovereign citizens" stating that they are not subject to Australian law when they are pulled over for speeding with no license in an unregistered car.

Gotta love them sovereign citz...

 

[Rechnerhand]

Just for the record who made it possible these 2 steps by the Respondent happened in 2025 ...

 

[Mute22]

Is this likely to cause any real delay? If not, it just makes them look even more guilty—if that was even possible.

Honestly, this feels like a last gasp of desperation. Making it look like an outcome in our favor all but certain, they’re out of options and they know it.

 

[Carlos Danger]

The respondent's objection reminds me of those "Sovereign citizens" stating that they are not subject to Australian law when they are pulled over for speeding with no license in an unregistered car.

Someone let Jens know that Cominiere is a claimant and Zijin aren’t involved

As for sovereign citizens it makes far more legal sense than describing a land full of people as ‘terra nullius’ imo

 

[TheGermanOne]

Someone let Jens know that Cominiere is a claimant and Zijin aren’t involved

As for sovereign citizens it makes far more legal sense than describing a land full of people as ‘terra nullius’ imo

The lawyers of the drc are the same of the zijin case at the icc! If you didn't know...

 

[Spikerama]

Someone let Jens know that Cominiere is a claimant and Zijin aren’t involved

As for sovereign citizens it makes far more legal sense than describing a land full of people as ‘terra nullius’ imo

No it''s the other way around.

Claimants:

• AVZ International Pty Ltd. (Australia)
• Dathcom Mining SA (Democratic Republic of the Congo)
• Green Lithium Holdings Pte Ltd. (Singapore)

Respondent:

• Democratic Republic of the Congo (DRC)
  
  If you are referring to ICSID