Sometimes I feel like I am one of the very few adults on here capable of thinking logically regarding AVZ. People here are letting their emotions run wild. AVZ 60% is not in question. It was an irrevocable transfer. It says it in the IGF report. This may come accross as condescending, but I am starting to get frustrated with what people are posting here.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Misfits
Regular
Yes, I read it the same way. We have 60% and still need to purchase the 15% to make it the 75% Not sure why all the panic all of a sudden?
Mickyb64
Regular
That's how I read it, if we obtained the shares through illegal means then it can be revoked.We irrevocably own it through illegal means
Something doesn't sit right.
Hemicuda
Regular
There is no panic left mate, just casual numbness
Samus
Top 20
No offence DoubleA but can an illegal sale be irrevocable?
There is a contradiction here. It isn't so clear cut. I'd be amazed if we see a swift resolution moving forward.
We irrevocably own it through illegal means
Something doesn't sit right.
Please show me where in the IGF report said it can be revoked.
Mickyb64
Regular
It doesn't say that it can be revoked but if the transfer was illegal surely it can be revoked. I hope that I'm wrong.
Hi Mickey, the report said the sell 60% of the shares to AVZ International in violation of the provisions of the joint venture contract in its article 16 point (f) concerning its commitments and according to which, it could not transfer its shares before the date of the commercial production.
The word illegal was not used. AVZ has confirmed a waiver was signed by all parties to joint venture contract before entering the purchase.
Well fuck me running mate does the nige fit in with the trustworthy partners bit. With owning 10% of ajn and mates like klaus and fuckknows what other dopey pricks he's in bed with.
An illegal action can be irrevocable.
Please snip out the exact part of the report that most concerns you regarding the supposed illegal transfer.
The conclusion of the report is that COMINIERE S.A. mining assets were intentionally sold off by its management team with the participation of the Ministry of the Portfolio.
I can also see references throughout the report criticising the actions of Dathomir, Ministry of Portfolio etc.
Dathomir may well have violated their their joint venture agreement but the transfer is still irrevocable.
The transfers which IGF have said are illegal were to Hongkong Excellen etc:
Please snip the part that most concerns you and we can go through it.
Samus
Top 20
Good point, I might have been one to get carried away on this.
Months of disinformation can have that effect as well as the stresses of this situation.
All I'm seeing through all this is more legal battles, more lies spread from the detractors. No official word from DRC government.
After 8 months.
Having read numerous articles, tweets and reports today some of it has blended to cause complete head fuck and some confusion.
As you were, my apologies.
Still not seeing any sort of win here yet however.
Good point, I might have been one to get carried away on this.
Months of disinformation can have that effect as well as the stresses of this situation.
All I'm seeing through all this is more legal battles, more lies spread from the detractors. No official word from DRC government.
After 8 months.
Having read numerous articles, tweets and reports today some of it has blended to cause complete head fuck and some confusion.
As you were, my apologies.
Still not seeing any sort of win here yet however.
For the record it was not your post I was referring to when I was talking about getting frustrated. It is the posts that go, oh no we're all fucked and then provide no valuable analysis. I don't even quote them because I don't even want them to be repeated. They help no one and just cause people who are already emotional to get even more emotional.
Ashlee
Regular
DoubleA thank you for your balanced approach
Mickyb64
Regular
Hi Charbella, I've re read the report and I agree there is no mention of the 60% transfer to AVZ being illegal. The illegal transfers are mentioned later in the report in regards to permits.
The vast majority of people operate with a certain degree of self interest. Out of Nigel and Simon Cong, I would certainly rate Nigel a whole lot higher in terms of trustworthiness. I think Manono would be FAR better off with Nigel in charge over Cong. Nigel's share holding in AJN does represent a conflict of interest. It does not concern me, because if he benefits hugely through AJN and AVZ lose out there WILL 100% be consequences for him. I would actually prefer him to be aware of as much information in relation to our detractors as possible.
MoneyBags1348
Top 20
We already purchased that next 15%…. Paid for by our last capital raises
Samus
Top 20
Well I am glad other members can help each other out when we go off the deep end anyway. Yourself and Charbella have set the record straight on this.
Did my back this morning (worst ever) I'm on some strong pain killers that aren't working for the pain and in an exceptionally angry mood. It's difficult to concentrate or properly digest information and impossible to feel positive about much of anything so I'll shut up now.
for some good news before many of us loose the plot.Similar threads
