AVZ Discussion 2022

[LX600]

Imagine if AVZ was trading when that error occurred, how big a fall would it be. But since AVZ is in suspension, I am not too fuzzy about it

 

[JNRB]

T

He is still in the DRC

That's great!
The thought of him AND Felix actually meeting IN MANONO - if it's true - does give me some optimism

 

[Roon]

Pleased to see it was just a typo, though that's typically sloppy of our comms people. That should have been caught. Anyway, that's one bit of easement.

Two points of interest I've picked out of this announcement. The first is how Zijin/JC's case and effort to win their way into the project is described - which basically puts to bed for me that the company have any intention for now of entering into a settlement with Zijin.

The second is a point of confusion regarding the bifurcated Zijin ICC arbitration

Here it states that if the first challenge wins out, then Jin Cheng don't have the right to institute arbitration at the ICC against us due to non involvement in the JVA. It however says that this wouldn't determine whether the sale by Cominiere was effective which must be determined in another separate proceeding. Wouldn't success in the first challenge remove the ability for a second ICC hearing to be held on whether the sale of shares was actually legit?

Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?

Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.

 

[cruiser51]

Is it the commissionaire who is precu the 7M $?

Yes $5 million of the 33 million.

A relative of adviser Jean-Claude Bukasa at the heart of the controversial sale of Cominière assets
Recently pinned down by the General Inspectorate of Finance, the sale to a Chinese company of shares held by the public mining company Cominière was made possible thanks to the company Focus Plaidoirie belonging to Lisette Kabanga Tshibwabwa, a member of Félix Tshisekedi's cabinet.


Anybody, who thought life as a president is easy, better think twice.

 

[cruiser51]

Pleased to see it was just a typo, though that's typically sloppy of our comms people. That should have been caught. Anyway, that's one bit of easement.

Two points of interest I've picked out of this announcement. The first is how Zijin/JC's case and effort to win their way into the project is described - which basically puts to bed for me that the company have any intention for now of entering into a settlement with Zijin.

The second is a point of confusion regarding the bifurcated Zijin ICC arbitration
View attachment 32778
Here it states that if the first challenge wins out, then Jin Cheng don't have the right to institute arbitration at the ICC against us due to non involvement in the JVA. It however says that this wouldn't determine whether the sale by Cominiere was effective which must be determined in another separate proceeding. Wouldn't success in the first challenge remove the ability for a second ICC hearing to be held on whether the sale of shares was actually legit?

Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?

Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.

Could it be:

Step 1, sort out Zijin.

Followed by step 2, sort out Cominière, as they illegally sold 15% and AVZ has a financial losses claim against Cominière.

How Cominière wishes to solve that problem is up to CKK, he is a star in reading contracts and working with calculators.

 

[cruiser51]

Holy crap I was actually right about a speculation for once!
Isn't that nice

Oh and thank god that wasn't true.

Also to Hoots on the crapper, WRONG BIATCH!

Fuk Hoots, fukkin wanker really showed his colours.

 

[Pokok]

Winking, not wanking, a lot can be a sign of stress.

If I wink a lot it is not a sign of impending news, but simply pollen.

I have stress every day

 

[cruiser51]

I have stress every day

And I thought you were simply a winker.

 

[JAG]

 

[Pokok]

And I thought you were simply a winker.

and a thinker or was that drinker

 

[timb89]

View attachment 32779

Who is he referring to here?

 

[Flexi]

Just in case Felix is reading TSE.
Flexi 001

https://twitter.com/Allmetpt
·

Mr President. Your people need a strong leader who can improve their living standards. DRC has lost close to $100 million dollars by delaying the Monono mining licence. Imagine how many Schools , Hospitals, Roads and Clean drinking water could have been delivered. Must act NOW

 

[9cardomaha]

Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?

Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.

Think this one goes back to the RCE7102 documents I posted last week, which was AVZ's in-country (DRC) case stating Cominiere's 15% transfer was illegal, which has now been withdrawn.

Zijin's case at the ICC is some bullshit about AVZ's abuse (AFR quoted ZJ lawyer saying as much), and AVZ are about to have the case dismissed because Zijin has no right to take AVZ to ICC according to JVA.

I believe the dismissal at ICC would be precedence for AVZ to say that ICC doesn't even recognize ZJ as a shareholder, and then work from there. But I'm not a lawyer so not sure how these cross jurisdiction shenanigans work.

In the DRC, it doesn't seem like AVZ need to even engage with ZJ. They could probably just take it to a higher court to confirm the sale was illegal, ultimatley bypassing the need to engage ZJ. (Not sure if they'd have to restart a case against Cominiere, or if there's a way they can just void the sale from a top down approach).

The above also largely aligns with the idea of 'playing nice' with other shareholders, namely Cominiere. And since ICC ruled that ZJ is not a shareholder, we can tell them to fuck off.

 

[Remark]

Jeez, they're busy in the AVZ office today! Another announcement - they're spoiling us....

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02646672-6A1142019?access_token=83ff96335c2d45a094df02a206a39ff4

Some decent grades there.

 

[Flexi]

If only these announcements were made when we were trading.......... The share price would have ..........up up and away

 

[Li-AusPol]

If only these announcements were made when we were trading.......... The share price would have ..........up up and away

308m @ 1.53% shut the front door! Haha

 

[Dazmac66]

I love that AVZ are still publishing these unbelievable drill results. Showing total arrogance towards the naysayers and crooks. When all the corruption is behind us we will fly!

 

[9cardomaha]

I love that AVZ are still publishing these unbelievable drill results. Showing total arrogance towards the naysayers and crooks. When all the corruption is behind us we will fly!

$12 is a fucking bargain.

12 12 12 12 12 12

i like the idea of anchoring our 12.

Also the typo clarification is a big bonus - not that i dont enjoy TSE and those who productively contribute, but 2024 with you guys would be stretch lol.

 

[geo_au]

It's a pretty good game plan from the Chinese really. Not the first rodeo. I think it's pretty clear they intend to do whatever they can to hold up the development of Manono until there's no more willingness on the government's part to let it drag on any longer. And then use their corrupt subverted Ministers and other high-level figures to slide it towards Chinese interests alone, spreading bags and whispering in the ear of the top guys that AVZ don't have the experience, funding or technical capability to pull it off, but the Chinese do, and suggesting we are only holding it up as speculators in any case. With undoubted support of the Chinese government in the form of the ambassador making promises of infrastructure and military aid, alongside perhaps tying it also to support for their battery production plant plans. Could CATL/CATH be hedging their bets with a foot in each camp?

So there's a question around this next ICC hearing. Given that's its only hearing half the case (broken into two separate parts at our request), the first is to find out whether the ICC has jurisdiction because Jin Cheng don't form part of the JV. If we happen to win that and the second part (whether the Cominiere-Zijin sale was legitimate) doesn't get heard, does that mean the ownership dispute remains unresolved? Or does that essentially win both elements of the case? Because I can't see Zijin just fading into the distance should it be decided that there is no grounding for the case to be heard at the ICC.

I just wish some of you investors knew what you're talking about but sadly you don't. Let me be clear we are in good hands what's more I sleep well at night

Not nitpicking imo - its not a bad piece of news, however its another opportunity for Chinese whispers or intentional disinformation to be conveyed to FT. I would be much happier if he viewed the happenings with his own eyeballs instead. Still, at least there seems to be some action.

Fucking sell it to him FFS, none of those pissant ministers are going to fuck around with a major. They can only get away with it because it's AVZ.

Edit: anyway I'm not posting much because I'm going through a dark patch too. Comes and goes. BRB when I'm feeling more optimistic.
And rainbow daisy was a fucking wierdo of the highest order with tranny avatars and with cryptic lingo worse than Der Geist

Sam please sell when you get the opportunity and clear off because you're of no use here.

 

[Flexi]

Mr. President. Your people voted you into office as you said you will stamp out CORRUPTION. You also recently stated that you required evidence of CORRUPTION. The evidence is in front of you but you ignore it. WHY? Do you expect your people to vote for you again? Time to act