AVZ Discussion 2022
- Thread starter GazDix
- Start date
Samus
Top 20
Seems like we require an announcement, I'd like to know what the corrupt fucks actually agreed to.
"Pursuant to the parties' agreement" means that an action or decision is being taken in accordance with the terms and conditions of an agreement between the parties involved. It signifies that the action is being performed because it is stipulated in the agreement.
In simpler terms: It means something is being done as per the rules set out in their contract or agreement.
Facilitate discussions was the word. Sounds like delay to the beaten down ear of an AVZ investor who's been looking forward to the ICSID case for years.
"Pursuant to the parties' agreement" means that an action or decision is being taken in accordance with the terms and conditions of an agreement between the parties involved. It signifies that the action is being performed because it is stipulated in the agreement.
In simpler terms: It means something is being done as per the rules set out in their contract or agreement.
Facilitate discussions was the word. Sounds like delay to the beaten down ear of an AVZ investor who's been looking forward to the ICSID case for years.
Xerof
Flushed the Toilet
It's as simple as 'the parties have agreed to temporarily suspend the hearing for a month', nothing else IMO (both parties had to agree to the suspension)
I don't think anything can be signed or finalised with us by Felix until the Minerals for Security agreement is signed by US/DRC,Rwanda, but yes, perhaps it means discussions are still not finished
what do others think?
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TheCount
Regular
You don't read it as the President's agreed to the framework for Kobold to acquire AVZs share?
Samus
Top 20
The question is why did AVZ agree to that?
We've only had word from kobold on that front.
Anyway we've waited this long...
Xerof
Flushed the Toilet
Samus
Top 20
Oh fuck - the trauma!As long as we don't end up with further announcements saying "extension to voluntary suspension"
Xerof
Flushed the Toilet
I'm not sure what you mean. This is nothing to do with Kobold per se
So, AVZ proposed to DRC to suspend (as committed to in the joint announcement signed by Kobold and AVZ).
Both parties agreed.
Announced by ICSID that pursuant to the parties agreement to suspend, it's suspended until June 23rd, allegedly to facilitate discussions.
Thats my conservative take on it, but some think it's all done and dusted. Thats fine, show me the money
And @Scoota30 our delisting has been extended further
My reading is that one party (probably DRC) is yet to formally advise the ICSID that it agrees to suspend arbitration for a month. It will do this at the last minute.
It is likely that AVZ Minerals requested the suspension in order to conclude its behind-the-scenes negotiations with both KoBold and the DRC snakes.
This is a complex three-cornered negotiation, but Felix is in an existential fight. He can't afford to be too cute, or he'll be negotiating with Kabila and M23 next.
Cheers
F
Samus
Top 20
I just mean kobold released the snippet you've shown here. The avz announcement was more guarded.View attachment 85176
I'm not sure what you mean. This is nothing to do with Kobold per se
So, AVZ proposed to DRC to suspend (as committed to in the joint announcement signed by Kobold and AVZ).
Both parties agreed.
Announced by ICSID that pursuant to the parties agreement to suspend, it's suspended until June 23rd, allegedly to facilitate discussions.
Thats my conservative take on it, but some think it's all done and dusted. Thats fine, show me the money
And @Scoota30 our delisting has been extended further
Anyway, let's wait and see.
'Pursuant to' means in accordance with
So, both AVZ and the DRC have agreed to suspend arbitration for a month in order to facilitate negotiations.
I hope that someone reminds King Felix-the-corrupt that he is in an existential fight, and Manono is his only ticket out of Dodge. If he and his equally-corrupt snakes try to play hard-ball or rig the negotiations, his next negotiations will be with Kabila and M23 in the presidential dining room. They will be less inclined to negotiate.
Cheers
F
Retrobyte
Hates a beer
In practical terms, I would say AVZ approached DRC and said "we would be comfortable with adjourning proceedings for a little while to give you time to finalise your security deal with the US, and then resolution of the status of the mining lease can be done quickly after that to enable Kobold to fairly compensate AVZ. If you agree that's what the next steps are, we can go to ICSID together and request the hearing be delayed until a date that is after when you expect all this to be complete".
I already told my wife that because the golden boy, Donald Trump, likes big announcements ... when the DRC and Rwanda peace agreement is announced in the Oval Office in front of the world's media, the deal for Kobold and a mining partner (maybe Rio) to buy the Manano rights from AVZ will be announced simultaneously. Then he will add ... nobody does deals in Africa like me, I am the best deal maker for Africa. And the fortunate thing for AVZ ... he is right, and if not then I will be in big trouble at home.
Spikerama
Regular
Your mouth is writing cheques your body can’t cash buddy.
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LEFOOL
Regular
I read the ICSID announcement like this: the deal is done, including a figure acceptable to everyone bar the shouting (or M23 throwing a spanner in the works). We just need to wait for the announcement.
Why?
First: To have the proceedings suspended to begin again (maybe I've misinterpreted that bit?) on exactly the day after the week everything is supposed to be sorted would take some high level communication / negotiation. You can't just bump an international tribunal hearing to a date of your perfect choosing four weeks out from that date. We've been hearing stories of how it takes years to get a resolution thru ICSID and here we have things moving to perfection within days? For an Aussie minnow? To maintain the perfect scenario of pressure? Yeah, nah. I would not be surprised if someone in the White House has called someone in Paris to make sure the right outcome was achieved.
Two: 88-5 (in a secret ballot). That's a better landslide than anything Albo could engineer (although he managed to 'decapitate' 2 leaders, El Presidente Felix has only managed one). Removal of immunity for Kabila from prosecution. Now he's not protected. Which means his lackeys and problem makers are no longer protected. If he's not already having a long black in Brussels today I'll be surprised. Watch the squealing and retributions start emerging over the coming weeks/months.
Three: getting Rwanda and the DRC to make $$ together. Agreeing to onsell minerals to Rwanda is a BIG thing in that part of the world.
4: Orange boy wants a Nobel Peace Prize. He was ticked off when Obama got one. So he wants one too. To be able to claim he has resolved a 30 year old war that has claimed millions of lives (and includes a genocide within the overall story), well, if Orange boy wasn't involved you'd have assume that it was a shoe-in for the Nobel Peace Prize
And this has all happened this week.
IMO and TLDR: the deal is done including a final figure. We just need to wait four-five weeks to hear the outcome.
Why?
First: To have the proceedings suspended to begin again (maybe I've misinterpreted that bit?) on exactly the day after the week everything is supposed to be sorted would take some high level communication / negotiation. You can't just bump an international tribunal hearing to a date of your perfect choosing four weeks out from that date. We've been hearing stories of how it takes years to get a resolution thru ICSID and here we have things moving to perfection within days? For an Aussie minnow? To maintain the perfect scenario of pressure? Yeah, nah. I would not be surprised if someone in the White House has called someone in Paris to make sure the right outcome was achieved.
Two: 88-5 (in a secret ballot). That's a better landslide than anything Albo could engineer (although he managed to 'decapitate' 2 leaders, El Presidente Felix has only managed one). Removal of immunity for Kabila from prosecution. Now he's not protected. Which means his lackeys and problem makers are no longer protected. If he's not already having a long black in Brussels today I'll be surprised. Watch the squealing and retributions start emerging over the coming weeks/months.
Three: getting Rwanda and the DRC to make $$ together. Agreeing to onsell minerals to Rwanda is a BIG thing in that part of the world.
4: Orange boy wants a Nobel Peace Prize. He was ticked off when Obama got one. So he wants one too. To be able to claim he has resolved a 30 year old war that has claimed millions of lives (and includes a genocide within the overall story), well, if Orange boy wasn't involved you'd have assume that it was a shoe-in for the Nobel Peace Prize
And this has all happened this week.
IMO and TLDR: the deal is done including a final figure. We just need to wait four-five weeks to hear the outcome.
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