The clue is the ICSID suspension period, set expire on Mon 23rd. This follows the peace deal signing slated for the preceeding week, clearing the path for Kobold to formalise our buyout. Otherwise, one presumes, legal proceedings will either resume or suspension extended.
AVZ Discussion 2022
- Thread starter GazDix
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Give it a rest. I'm not going around reporting posts.
Don't forget that AVZ have been in "commercial discussions" with Kobold for some months already and a framework to purchase our interest had been set by May 9 ann. Hence negotiations fairly advanced at that point.
So the May 26 ann that ICSID had been suspended to facilitate negotiations with DRC suggested this is the final phase, enabled by the Kobold/AVZ terms having been agreed upon.
And those terms would also have been informed by prior discussions establishing the DRC and US requirements for the deal to proceed.
Therefore the tight suspension requested indicates AVZ/Kobold are satisfied and confident that the DRC's imprimatur is largely a formality and can be wrapped up within 30 days.
This neatly coincides with the peace deal ceremony in Washington with Trump, Rubo and Bolous, along with loads of African leaders, slapping Felix's back and calling him some sort of genius.
AIMO
Don't underestimate Felix's urgent need of self-preservation, and love of the limelight on the world stage. He has everything incentive to make it happen. As does Trump and Rubio who desperately need a major win right now.
Xerof
Is There Anybody Out There 1979
Imo, the partial claim settlement mentioned in that original statement might relate to the partial award of €39m that AVZ was awarded by ICSID ??
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Full Story -
Frank
Top 20
To seal the mining agreement, US elected officials demand guarantees of transparency
Negotiations around a strategic partnership with the United States in the mining sector are generating growing debate.
Kinshasa hopes to conclude this agreement quickly in the hope that it will allow for greater Washington's involvement in the search for peace in the eastern part of the country.
Three days ago, RFI revealed that President Félix Tshisekedi had established a strategic unit tasked with monitoring the discussions and preparing for the agreement's implementation.
But in Washington, five members of Congress are demanding clarification.
Even in the United States, doubts are beginning to appear.
Five members of Congress have just written to Massad Boulos, the White House Special Advisor for Africa.
In their letter, they ask a simple question : -
What exactly do the discussions between the United States and the DRC on minerals contain?
These elected officials are concerned, they say, about the lack of transparency regarding the conditions of access to Congolese resources, but also about how these riches will be managed.
They warn: without clear guarantees, this partnership could exacerbate conflicts and corruption, instead of bringing peace and development.
In the DRC, too, questions are multiplying.
Who is negotiating on behalf of the country?
What are the offers being made to the Americans?
And under what conditions?
"We need to understand the government's expectations in terms of the offer.
What are the main components of this offer made to the Americans regarding the exploitation of natural resources?" asks Jean-Pierre Okenda, a researcher on mining governance.
For him, it is above all important to avoid repeating the mistakes of the past.
He is thinking in particular of the famous Chinese contract of 2008, signed under the presidency of Joseph Kabila: minerals in exchange for infrastructure.
"Ultimately, Congo lost with the Chinese. We don't have the infrastructure today.
The second thing we lost is that the agreement was extremely unbalanced," he observes.
Finally, the American elected officials are requesting an official briefing on the ongoing negotiations.
They want clarification on the Declaration of Principles signed in April between Kinshasa and Kigali under American mediation, but also on how humanitarian issues will be addressed.
Negotiations around a strategic partnership with the United States in the mining sector are generating growing debate.
Kinshasa hopes to conclude this agreement quickly in the hope that it will allow for greater Washington's involvement in the search for peace in the eastern part of the country.
Three days ago, RFI revealed that President Félix Tshisekedi had established a strategic unit tasked with monitoring the discussions and preparing for the agreement's implementation.
But in Washington, five members of Congress are demanding clarification.
Even in the United States, doubts are beginning to appear.
Five members of Congress have just written to Massad Boulos, the White House Special Advisor for Africa.
In their letter, they ask a simple question : -
What exactly do the discussions between the United States and the DRC on minerals contain?
These elected officials are concerned, they say, about the lack of transparency regarding the conditions of access to Congolese resources, but also about how these riches will be managed.
They warn: without clear guarantees, this partnership could exacerbate conflicts and corruption, instead of bringing peace and development.
In the DRC, too, questions are multiplying.
Who is negotiating on behalf of the country?
What are the offers being made to the Americans?
And under what conditions?
"We need to understand the government's expectations in terms of the offer.
What are the main components of this offer made to the Americans regarding the exploitation of natural resources?" asks Jean-Pierre Okenda, a researcher on mining governance.
For him, it is above all important to avoid repeating the mistakes of the past.
He is thinking in particular of the famous Chinese contract of 2008, signed under the presidency of Joseph Kabila: minerals in exchange for infrastructure.
"Ultimately, Congo lost with the Chinese. We don't have the infrastructure today.
The second thing we lost is that the agreement was extremely unbalanced," he observes.
Finally, the American elected officials are requesting an official briefing on the ongoing negotiations.
They want clarification on the Declaration of Principles signed in April between Kinshasa and Kigali under American mediation, but also on how humanitarian issues will be addressed.
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Probably getting a bit off topic for this thread, but I think there's something in what you say @cruiser51.
From what I've read, Chinese state media featured little about the call with Trump; indeed, initial reports apparently neglected to refer to Xi as 'president' (this was later corrected).
Lukashenko also just visited Xi, but he was hosted at Xi's home (house arrest?) and it was not a formal, working visit. Maybe Putin sent Lukashenko in to sniff around, or send a message of support to Xi (or a threat to the CCP)?
Anyway I'll stop here. Off topic as I said, and with all these conspiracy theories I'm peddling, people might start calling me S....
You had to, didn't you?.hane?
Roger that, @Xerof.
I'm on both HC and X as well, and have been since around my time of entry into AVZ, albeit in 'read only' mode these days.
It's quite astonishing to see the poor creature spinning around and around in its own echo chamber. One might (might!) wonder what will become of it, if and when our situation reaches a resolution.
Anyway, as others wisely say, best not to give it air.
Skar
Regular
Nope, I am Aussie and only post on this account.
Despite MAGA and the extended cronies out there, they failed to take ownership of Manono.
Congrats everyone for holding tight.
The spamming accounts here and the extensive BS twitter activity is a sign they have been defeated. Now their narcissistic nature will flourish trying to justify anything they can.
Water tight NDA in place obviously, no price leaks.. But appears a deal is done and we know next week.
Congrats everyone for holding tight.
The spamming accounts here and the extensive BS twitter activity is a sign they have been defeated. Now their narcissistic nature will flourish trying to justify anything they can.
Water tight NDA in place obviously, no price leaks.. But appears a deal is done and we know next week.
Just going a little further with that if the peace deal is signed say on the 16th then the Kobold/AVZ deal goes live pretty much immediately ie announced to the market on the 20th. Given AVZ is a public company ( albeit unlisted ) it will be required for shareholders to vote on the disposal of our principal asset. 75 % of the vote is required to pass the resolution and as far as iam aware AVZ have to give 21 days notice for an EGM to vote on the resolution ( sale agreement)Next week?
Edit: I'm guessing you may be getting expectation for next week from the anticipated date for the peace deal and minerals deal to be signed.
Peace agreement is expected to be signed on the week of June 15. June 15 is a Sunday and the US regards Sunday as the first day of the week. So I am interpreting this to mean that the expected date of signing to be within 15-21 June.
If that is the case why was the ICSID only suspended to 23 June ??
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