Frederick Will
Member
I'm assuming they will be at the roadshows but without positive news; you're right I'm sure they would want to be a long way away
AVZ Discussion 2022
- Thread starter GazDix
- Start date
TDITD
Top 20
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MoneyBags1348
Top 20
Oh Nuts, we were just about to pass the mantle over to @Mr Inappropriate and now you’ve taken an unbreakable grip on it and @TDITD is trying to wrestle it from you…. It’s all happening!!
The only one who can take that mantle from you now is….
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John25
Regular
W
Dont knows where they’ve been Roller …no selfies with the local mob …Clarke’s pastey as all fuck so i dont think hes been outside much.No social media propaganda of slumming it in Manono …going the hard yards for SH’s …SFA .Nigel may have been home or walking around King’s Park ,Perth sipping his morning Latte checking his bank balance every month making sure his salary has been paid …The secret Service have nothing on the bunch …
Winenut
GO AVZ!!!!
Ok wine you drink wine and I drink whisky tonight I bet we could come up with great debate on just how lame this ann was , it was to appease the holders but we are smarter than thatYou see....I haven't had a drink
So the overall performance is well below par
Couldnt have said it better myself....
I dont have musshies...........but ELON MUSK helps.
If only WA relaxed its laws like the US.........then i would go to my local cafe now.
DiscoDanNZ
Regular
John25
Regular
Do your homework Beisha …we have one in PerthCouldnt have said it better myself....
View attachment 19443
I dont have musshies...........but ELON MUSK helps.
If only WA relaxed its laws like the US.........then i would go to my local cafe now.
CeckRaiseFold
Regular
Below all my interpretation and my opinion
PART A) Zijin claim to have purchased the remainder 15% off Cominiere.
If ICC did not think there was a case then they would have sided with Zijin in saying "yes you have legally purchased Cominiere's 15% stake in Dathcom. So, yes this initial ruling to take on the case is a favourable outcome for AVZ in the fact it confirms we have a case in arguing our pre-emptive rights under the Dathcom JV were breached. On top of that IGF report clearly states the corrupt dealings, only partial payment and under-valuation of that purported sale to Zijin. Note, we never owner that 15% and it was always subject to Cominiere accepting the best offer. We just never got to make our offer. Despite some saying we offer cash and a stake in AVZ (will need FIRB agreement I think) we do not know for sure what or how competitive our offer is. because we never owned that 15% this ICC case can drag on for a long time and would not affect us coming out of suspension.
PART B) Dathomir claim to unwind 15% Dathcom sale (or wanting more money)
This is more important than Part B. What I have pieced together over time is that AVZ did complete and pay the SPA moneys in time last year to legally acquire the 10% plus 5% stake in Dathcom from Dathomir. My understanding is that those moneys have been placed in some holding account or escrow and for some reason Dathomir has not taken receipt of those funds therefore their request to DRC tribunal for interim suspension of payments from those 'holding accounts' because they now do not agree to the sale price or they do not want to sell them, with the latter reason being of more concern IMO. AVZ simply says: "not of our concern, we have paid in time as per SPA in the designated account; nothing to see here".
So where are we on the all important ML??
The annual report stating 100% confidence in finalising the Collaboration Agreement reminded me again of how instrumental that document is to unlock everything. It is a legally binding Joint Venture Operating agreement on how the Dathcom Joint Venture will work for the next many years of mining. Who pays for what and what the respective parties rights and obligations are. Most likely the SEZ terms and conditions will feature in this, as does the much debated PE geographic extend (All of RD and all of CDL??). I know from experience that drafting, translating, negotiating, these type of documents take a very long time, you want this done right and using multiple languages further delay this process.
So a positive outcome for me would be:
1) Announce the signing of the Collaboration agreement and completion of the SEZ.
2) Receive somehow from some institution in DRC that we can indeed ignore the Dathomir tribunal ruling as having no legal merit and thereby confirm 75% Dathcom ownership, i.e. just move on.
3) Dathcom receive the ML (even with parts of CDL not included)
4) Dathcom receive a new PR for Northern part CDL and Northern extension under a new 5 year PR
5) continue ICC arbitration and government negotiations on remainder of 15% Dathcom stake from Cominiere
6) Update on funding and FID expectations
IMO This is something AVZ can go into a roadshow/AGM with, anything less will be poorly received.
(Note I have left put the TO or buy-out scenarios not to muddy it all - but this is ofcourse also still possible and items 1) through 5) would still be needed IMO before anybody would do a BO or TO)
PART A) Zijin claim to have purchased the remainder 15% off Cominiere.
If ICC did not think there was a case then they would have sided with Zijin in saying "yes you have legally purchased Cominiere's 15% stake in Dathcom. So, yes this initial ruling to take on the case is a favourable outcome for AVZ in the fact it confirms we have a case in arguing our pre-emptive rights under the Dathcom JV were breached. On top of that IGF report clearly states the corrupt dealings, only partial payment and under-valuation of that purported sale to Zijin. Note, we never owner that 15% and it was always subject to Cominiere accepting the best offer. We just never got to make our offer. Despite some saying we offer cash and a stake in AVZ (will need FIRB agreement I think) we do not know for sure what or how competitive our offer is. because we never owned that 15% this ICC case can drag on for a long time and would not affect us coming out of suspension.
PART B) Dathomir claim to unwind 15% Dathcom sale (or wanting more money)
This is more important than Part B. What I have pieced together over time is that AVZ did complete and pay the SPA moneys in time last year to legally acquire the 10% plus 5% stake in Dathcom from Dathomir. My understanding is that those moneys have been placed in some holding account or escrow and for some reason Dathomir has not taken receipt of those funds therefore their request to DRC tribunal for interim suspension of payments from those 'holding accounts' because they now do not agree to the sale price or they do not want to sell them, with the latter reason being of more concern IMO. AVZ simply says: "not of our concern, we have paid in time as per SPA in the designated account; nothing to see here".
So where are we on the all important ML??
The annual report stating 100% confidence in finalising the Collaboration Agreement reminded me again of how instrumental that document is to unlock everything. It is a legally binding Joint Venture Operating agreement on how the Dathcom Joint Venture will work for the next many years of mining. Who pays for what and what the respective parties rights and obligations are. Most likely the SEZ terms and conditions will feature in this, as does the much debated PE geographic extend (All of RD and all of CDL??). I know from experience that drafting, translating, negotiating, these type of documents take a very long time, you want this done right and using multiple languages further delay this process.
So a positive outcome for me would be:
1) Announce the signing of the Collaboration agreement and completion of the SEZ.
2) Receive somehow from some institution in DRC that we can indeed ignore the Dathomir tribunal ruling as having no legal merit and thereby confirm 75% Dathcom ownership, i.e. just move on.
3) Dathcom receive the ML (even with parts of CDL not included)
4) Dathcom receive a new PR for Northern part CDL and Northern extension under a new 5 year PR
5) continue ICC arbitration and government negotiations on remainder of 15% Dathcom stake from Cominiere
6) Update on funding and FID expectations
IMO This is something AVZ can go into a roadshow/AGM with, anything less will be poorly received.
(Note I have left put the TO or buy-out scenarios not to muddy it all - but this is ofcourse also still possible and items 1) through 5) would still be needed IMO before anybody would do a BO or TO)
Roller62
Regular
Maybe we will find out in the coming road shows. Maybe he will be busy and can't make it?
ohhh how I love how mushrooms makes things clearer ,, gold tops anyone , indo full of them
Bin59
Regular
I’d say he’s on about this -
Biden awards $2.8 billion to boost U.S. minerals output for EV batteries
The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China.
Maybe he’s hinting $AVZ could be next in line for a grant
Sounds trippy............you have some at the farm ?
Sparrowhawk12
Regular
Rediah
Regular
I’d say he’s on about this -
Biden awards $2.8 billion to boost U.S. minerals output for EV batteries
The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China.www.reuters.com
Maybe he’s hinting $AVZ could be next in line for a grant
But has his other tweets come to fruition? his tweets are like a "click bait"....
As for Biden, he has been told off by the King Salman of Saudi that they wont increase the volume of oil to meet USA's demands instead they are reducing it by 2 Million barrels. As UAE has bid $1 Billion towards DRC, Biden in return is bidding almost 5 times for same cause, so that America dont have to rely on Middle East and get told to stay away from their resources. so the lithium war is already on?
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