TDITD
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We have been in a chess game with Chinese players I would posit since that utter cretinous cock-womble with the shit eating grin Klaus departed and callously bombed the SP (after the BOD did not accept an insulting chinese TO offer - imo which he had lined up of course imo,imo,imo,, allegedly, maybe) . China have since been playing the long game and who knows how close we came to being beaten by them when the lithium price/sentiment/sector was in the dumps.I'm hoping that instigating Arbitration is a strategy to bring Comg to the table to settle the dispute. ICC average case timeline takes 18 months to complete, Cong will know this. Will bringing proceedings against CONG motivate him to forgo a $50m or $100 grab in favour of a lessor amount to conclude this dispute? I don't know.
So what happens now with CATH deal ? Partial settlement with CATH for AVZ to maintain 51% until all disputes resolved? or change in deal structure as previously discussed here? or push it out again?
One thing that is of some concern, how can a Government issue a mining licence (PE) to any company if the ownership is not 100% confirmed, locked in and so on. Maybe in the DRC this will not matter much, yet in many other jurisdictions you can't issue a ML/PE when owership of the holding company is unclear.
Let's hope AVZ has a strong enough claim in the ownership with Cominiere (with the help of the IGF) to ensure ML/PE is issued prior to the two Arbitration cases are completed.
Cheers The Fox
PS. Just noticed Dom on the same topic.
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In my (feeble) mind this is definitely a move on Congs King, he wants more $$ (probably actually Mupande through him) as usual the underserving greedy want more, their play is holding AVZ up DRC up and they have been successful (THANKS FELIX). They are also trying to move on the carve up on our tenement, which wont work either. Pigs after snacks.
It is no coincidence that mere hours after IGF report drops implicating Dathomir that we lodge our 1st ICC Arbitration case. Our second case is no doubt for DAMAGES, this will be hundreds of millions if dragging into over a year quite likely over a billion dollars according to our DFS. "Recover losses sustained from them" , beautiful words, fighting words, expensive words if your Cong. How deep are those pockets ?
The news out lately is likely also not the end of it either, more to come and they likely are hearing chatter about it, DRC are finally moving on the criminals.
This is a move that in theory should force Dathomir to drop its pathetic claims once and for all.
Chess piece moved, check asshole !