Posted by Cobbernoski this morning on the other site:
Holders, take comfort in the AVZ tight ship that has seen deafening silence since Nige’s The Australian advertorial - negotiations are no doubt ongoing.
Haven’t seen it mentioned here yet, but the US-DRC Mineral Partnership information session set down for August 21 is another sign that the US are hellbent on getting their mitts on DRC minerals as agreed.
Kobold have been given the green light by Felix to proceed with Roche Dure if AVZ is left in the rear view mirror. All we are waiting on is an agreed price…a price that reflects
- the AVZ investment so far
- the lost future earnings of our 75% stake in Roche Dure
- the lost future earnings of our 75% stake in CDL that was stolen/swindled by the DRC & the Chinese
- the lost future earnings of the 15% stake in Manono under the right of first refusal deal we held that the Zijin crooks illegally acquired from Cominiere
- accrued awards handed down by the international courts to date
- payment to Dathomir of the $20million stolen from the Rawbank escrow account due to the DRC’s blind-eye turning to the most basic of financial oversight obligations
- coverage of AVZ legal fees incurred due to the criminal withholding of the issue of our legally-obtained mining permit
- compensation for lost earnings as we’d have been mining & selling lithium by now but for the Chinese-sponsored DRC corruption of the past few years
These are the dollars Kobold need to come up with, minus a small-medium goodwill discount for getting AVZ the hell away from the DRC & the Chinese.
This information session has “experts” on hand from the DRC & the US who are there to answer questions on all aspects of the US-DRC Mineral Partnership, including questions about such topics as existing flaws in the DRC regulatory framework & potential joint US-DRC investment opportunities. There is a link to fire in questions to the panel, & I’d encourage holders to send in pointed but respectful questions about the poor treatment of AVZ & questions about a progress update on the Kobold buyout of AVZ’s Manono interests.
The US has already made huge strides holding up their part of the deal. They have already been free in highlighting concerns about DRC corruption, & I think the US panel members will be under strict instructions to grandstand about what the US will take the DRC from, & what they plan to turn it into as far as tolerance for corruption is concerned.
Never lose sight of where we were just a few months back (all our eggs in the ICSID/ICC basket), & all that has gone on in the intervening period. And even just a few months earlier, before Locke or CATL funding news, to when even financing our international court cases looked grim. Plenty has happened in a hurry, & knowing how the Don likes not to cock around fixing things, & knowing how he desperately needs a political win, this information session may well see an announcement about a Kobold syndicate buyout of AVZ.
Make it happen Don.
GLTAH, & a huge thanks to those keeping the trolls in line - it really is tedious work.