9cardomaha
Regular
17% for punctuality and timeliness for the DRC. I think all the garbage coming from Cominiere right now is just grasping at straws; all we can do is wait and see now.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
17% for punctuality and timeliness for the DRC. I think all the garbage coming from Cominiere right now is just grasping at straws; all we can do is wait and see now.
cruiser51
Top 20
Who are these guys?
Simon Cong's grand kids, trying to make some pocket money, or is it the Boatman's deck hands??
Free shares from the Klaus/Simon/Jean-Felix team??
Do these guys believe in the stork story too??
FFS get real, before I start to vomit.
I might do a winenut and have a Jaraman from the Clare Valley. Fukit.
Mr Inappropriate
Regular
It’s pretty straightforward, right? They know they have massive legal exposure from shareholders around non-disclosure should the current issues not be resolved in AVZ’s favour.
JAG
Top 20
Carlos Danger
Top 20
Could it be as simple as the amount of insurance required is tied to our market cap?
Share price was around 4 or 5 times the previous year for most of 21/22 which is the same increase as the insurance premium and that fits with Nigel's 'the rise is because we’ve developed size wise' explanation
Either that or management or the insurer have increased it because they see risk
Carlos Danger
Top 20
Would a hypothetical non disclosure violation be covered under 'conduct involving a wilful breach of duty by the officers?'
If ASIC managed to prove that management intentionally or recklessly failed to disclose relevant information to the market then surely it wouldn't even be covered by this insurance
None of this matters unless the claims against the company are proven to have merit. It's just the desperate howls of a cornered jackal imo
Mr Inappropriate
Regular
Insurance is of course about transferring the consequences of a risk being realised to a third party (the insurer).
- Increased coverage and premiums associated with us having a bigger operation? Sure, but that would be more generalised insurance cover more so than coverage for directors.
- Increased coverage and premiums associated with us having a bigger market cap? In and of itself, not really. However…
- Increased coverage and premiums associated with shareholder actions arising from, say, non-disclosure leading to losses? Absolutely.
MoneyBags1348
Top 20
I haven’t read your following post yet Carlos but I’ll just answer your and @Mr Inappropriate previous posts before I do. I suggested to @Winenut in a private post earlier today that it may have been due to our increased market capital.
Then I read his post here with copy of the increase from our Annual Report…. I can tell you that I am the Secretary and Treasurer of a Strata complex where I live and we also have insurance that covers any negligence by me or the other officer bearers, hence my comment.
I am cutting back posting on the discussion thread because I don’t want to be posting too much negativity, and at the moment I’m trying to move on from what the exec’s and BOD have and haven’t done, and focus on our finances going forward but I think @Mr Inappropriate is on the money
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cruiser51
Top 20
It's amazing the team, Lars, Wolf8, Chewy, Bombersmadd (who deleted his account on twitter, but certain things can still be seen, lol, fukhim, wanker), Stalin, TommyR, Spec Capital, Hakuna Matata, Unpaid Downramper, just to name a few, what a team!!Jonno is on our side…. Lars is klaus fuckoff…. He blocked me early on
Chewy's reaction was funny, when I pointed a few things out to him, but in my eyes highly sus, still trying to suck Franck and Jonno in with his leading gut wrenching comments , just another absolute loser.
Highly likely lives under a rock.
cruiser51
Top 20
Have you ever seen her not looking stoned?
Must run in the family, her claim to fame is, she is royal, maybe that explains.
Maybe she has been on a permanent high lately, due to constantly increasing bank account.
Don't know about her but wish to fuck I was. No one could call me a" the nige" fan. but under the circumstances with all this insidious social media bulshit here and in the drc I don't think all this disclosure crap ( including by me) is doing us any good. If or when it's rooted we'll have plenty of time for the parasite lawyers to get involved. Cheers and try and have a great chrissy.
Carlos Danger
Top 20
cruiser51
Top 20
I have had a thought about her visible predicament and am convinced she has her secret admirer sitting under her desk.
It is called a permanent state of extreme satisfaction, almost going into static vibration, a state of doing nothing other than consuming the moment
I like her kiwifruit dress, goes great with her smile.
Btw, when are they going to throw her in the slammer?
Carlos Danger
Top 20
The illegal delay by CAMI is 100% about the 'disputed' northern part of PE13359. Not ownership.Another indication that the statement, that cami need so much time to calculate without having a reason for, could maybe be wrong.
You all remeber that i said acaj posted in may/june that the ICC cominiere vs. MMCS have settled with help of the government?
I didn't think it was that exact date.
AVZ beginning of Suspension from official quotation: 11 May 2022
Acaj posted settled dispute between Cominiere and MMCS on: 11 May 2022
Annoucement of Arbitration from Zijin: 11 May 2022
You don't need to be sherlock holmes to get the feeling there might be a connection.
What i think will be some possible steps (it's just my thoughts i don't claim that there is a connection or that my statements are true):
1. we need to solve the problem with MMCS
-through a deal with MMCS
-or need to go against cominere and mmcs with a international arbitration process. which of course could take years, and like I said...time is not our friend
-the DRC rule against it but i really doubt it
2. we maybe need to solve the problem with Zijin
-through a deal
-winning or loosing the ICC....problem again, it could take years
-or maybe not to much important for the ML when we solve it with MMCS and Cominiere can cede 10% to the state, but who knows
I believe the 10% cede to government could be the real problem, when this is the case (personally i believe in it to 99.99%, but you don't need to think the same and all of you can of course build your own opinion), then we could have a problem which could take a long time to solve.
But maybe, AVZ can cede 5% for the moment and cominiere 5%, but of course I have no idea if that violates any part of the jv contract and if it is not possible. Then cath just have 4% for the moment+ pre offtake agreements???? Again, who knows.
It all could be the absolut clusterfuck, but maybe there is a "easy" solution.
A little different glimmer of light occurred to me, even if there is a little chance that we loose 13359 one day. we have 100% of 4029 & 4030. The pegmatite in the SW area will not as good as Roche but perhaps after 5-7 years we have our money back. an advantage until then: the chinese then probably built the infrastructure around manono
Just a joke, God save us from this shit please!!!!!!!!
View attachment 24868
Nigel said something in an interview (I can't remember which one) earlier this year about the DRC government possibly getting 15% of the project. I've always assumed he meant them getting the extra 5% from MMCS.
No deal with Zijin. Lions, jackals etc
Carlos Danger
Top 20
AVZ are the majority shareholder of Dathcom. We control the project. We will have at least 51% no matter what so ownership is not an issue for the mining licence.Of course it could be the reason too. I hope we will find it out in the not to distant future. And watch out in the end both problems are the reason for it
The amount of carrés is the missing number in Mupande's surface rights calculations
'Wirklich falsch informiert! Auf einem 13 km langen Pegmatit-Trend hat AVZ „ein Vermögen“ ausgegeben, um diese „harte Arbeit“ auf nur 1,3 km zu leisten, um diesen sogenannten wertvollen Vermögenswert freizusetzen. Hat AVZ Anspruch auf die restlichen 90 %?'
Carlos Danger
Top 20
Would a mining licence for PE13359 that covers a perimeter of the entire 221 carrés that Dathcom are legally entitled to require a new ministerial decree?
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