Joseph Kabila was said to be the true owner of Dathomir, not Dathcom. Statements now that he is not directly or indirectly involved in Dathcom, means Dathomir aren't directly involved anymore. Just to edit an add on, the alternate view could be that Dathomir is trying to separate its entity entirely from Kabila because of it’s claim, but I imagine any claim by Dathomir is null and void and Cominiere claim they lent Dathomir 5% of their shares.
24 bucks Tax deductionWhat I've done is download the Facebook video using a browser extension and then found a paid transciption site (free ones didn't seem to cut it) that will allow me to upload the video and obtain a transcript in French. Then I'll need to run it through Google translate or similar. Has cost me $24 but compared to my investment in AVZ that's bugger all. File is currently transcribing - might take an hour.
17th june:
"After further consultation with the parties to the arbitration, the ICC will now decide whether the arbitral tribunal will be constituted by a single arbitrator (Jin Cheng's preference) or 3 arbitrators (AVZI's preference). This will take about 4 weeks."
Personally NFI about arbitration procedure but quick and dirty google says:So does that mean they should have by now decided whether to proceed with 1 or 3 arbitrators
If that's correct then when will the actual hearing be and how long is that process expected to take?
17th june:
"After further consultation with the parties to the arbitration, the ICC will now decide whether the arbitral tribunal will be constituted by a single arbitrator (Jin Cheng's preference) or 3 arbitrators (AVZI's preference). This will take about 4 weeks."
Just to add to my previous post, I have since found that AVZ did say in an interview with Global Witness that “it had found no adverse information about Dathomir’s owner and it had engaged in a due diligence process that found no ‘inappropriate links’ to the regime of former DRC President Joseph Kabila”. Which is one reason I find having to sift through unrelated and less informative information only slows up the process when you are trying to dig up as much relevant information as you can with the time you’ve gotJoseph Kabila was said to be the true owner of Dathomir, not Dathcom. Statements now that he is not directly or indirectly involved in Dathcom, means Dathomir aren't directly involved anymore. Just to edit an add on, the alternate view could be that Dathomir is trying to separate its entity entirely from Kabila because of it’s claim, but I imagine any claim by Dathomir is null and void and Cominiere claim they lent Dathomir 5% of their shares.
a) better positionWould it be fair to say we are in
a) better position
b) same as before
c) there is no “c”
than where we were a week ago with these latest developments, announcements and activities in DRC
English is not my first language so I miss between the line information in these press releases and announcements.
Personally I think we are in a better position, yes?
BWould it be fair to say we are in
a) better position
b) same as before
c) there is no “c”
than where we were a week ago with these latest developments, announcements and activities in DRC
English is not my first language so I miss between the line information in these press releases and announcements.
Personally I think we are in a better position, yes?
(a)Would it be fair to say we are in
a) better position
b) same as before
c) there is no “c”
than where we were a week ago with these latest developments, announcements and activities in DRC
English is not my first language so I miss between the line information in these press releases and announcements.
Personally I think we are in a better position, yes?
AVZ 45%To start ..., don't forget:
One bird in the hand is worth two in the bush.
If Zijin would pay AVZ an amount in excess of USD 1.5 billion for 30% of AVZ's 75% ownership of Dathcom and the final ownership split would be:
AVZ 45%
Zijin 45%
DRC 10%
AVZ/Zijin operatorship of the mine, Catl as a secured off take customer/DRC battery manufacturer, I can see merit in this idea.
But Zijin suggesting to pay AVZ USD 500 million is very simple laughable.
AVZ is not as stupid as Cominière.
AVZ so far has developed this resource from an abandoned tin mine to a discovery of a mammoth lithium/tin resource.
AVZ never owned the 15% it intended to buy from Cominière, that deal is between Zijin and Cominiè/DRC government (who got screwed in the process by its corrupt players, That is Felix' mess to sort out and AVZ should not get involved in this mess).
It allows to proceed with this mine, stop the legal mess and move on.
Yes AVZ will finish up with 6% less, but it partners with a huge miner with large operations and mining experience in the DRC.
AVZ will have also after the dust settles enough funds to progress with different projects.
Just my 2 bob worth
It allows AVZ quickly together with Zijin to develop this mine into a massive operation.
Maybe I'm just dreaming, but I don't want this impasse to develop into a disaster.
I'm only new to this..but is the 51% required majority needed to be from Dathcom or AVZ itself?AVZ 45%
Zijin 45%
DRC 10%
I don't think this can happen. My understanding is that a condition of the ML is that than one party maintain a MAJORITY ownership whish is %51.
Yeah just worked that one out..all good no reply neededI'm only new to this..but is the 51% required majority needed to be from Dathcom or AVZ itself?
I believe it's actually Dathcom (ie the company who applied for the licence) that must hold at least 51%.I'm only new to this..but is the 51% required majority needed to be from Dathcom or AVZ itself?