You don't read it as the President's agreed to the framework for Kobold to acquire AVZs share?
AVZ Discussion 2022
- Thread starter GazDix
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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
Is There Anybody Out There 1979
Xerof
Is There Anybody Out There 1979
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
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.
Seems to me that we're just kicking the can down the road to give time for the 'security for minerals' deal to be done which in turn is what Kobold are waiting for 'before the ink dries'. The fat prick is desperate for the court cases not to start and wants to bury this asap
Am I happy about it? i'll get back to you by the 23rd June
Am I happy about it? i'll get back to you by the 23rd June
'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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If it is done and dusted like you think then surely someone knows something about the price......
Exactly my thoughts ... the deal is done, just waiting for the DRC and Rwanda peace deal to be announced before announcing that Kobold and a mining partner (maybe Rio) are buying the Manano rights from AVZ.
Spikerama
Regular
Don’t know whether you’ve been reading the room but Macron isn’t exactly a huge fan of Orange Boy as you call him and France isn’t that enamoured with the US currently so I doubt that kind of tactic would have played out.
The rest of your post is well reasoned though.
Spikerama
Regular
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