AVZ Discussion 2022

[Xerof]

JMO, but the 17 April announcement says this:

So, it seems the broader COMINIERE case has 2 parts, an injunction before a full hearing to stop COMINIERE from acting on their intentions to terminate the JVA, and secondly to reverse the sale of the 15%

I think this means we now have 2 ICC cases relating to Jin Cheng 15% - they have taken AVZ etc to ICC, and AVZI/DATHCOM etc have recently taken COMINIERE to ICC

Kunts

Kunt

 

[Sparrowhawk12]

From the announcement:

The broader Cominière Abritration Proceedings before the ICC also relates to Cominière’s purported, but in AVZ’s view unlawful transfer of 15% of its shares in Dathcom, to a third party (Jin Cheng Mining Company Limited, a subsidiary of Zijin Mining Group Company Limited), in breach of AVZ’s preemption right.

Yes, thanks, BUT, is that ICC case the one that Jin Cheng (Zijin) bought to the ICC (supported by Cominiere) ???

 

[BEISHA]

View attachment 35910

View attachment 35911

 

[Xerof]

Yes, thanks, BUT, is that ICC case the one that Jin Cheng (Zijin) bought to the ICC (supported by Cominiere) ???

No

So, for me the outcomes will be something like this:

July ICC Jin v AVZ - piss off Jin, you have no right to take us to ICC, as you are not part of the JVA
Next case - AVZ vs COMINIERE - you silly buggers, we have ROFR

This move on 17 April is AVZ taking a front foot approach IMO

 

[cruiser51]

50 mins ago – 10.40AM

Lithium markets at a ‘turning point’: Morgan Stanley​

Alex Gluyas

Morgan Stanley believes lithium markets have hit a turning point following a five-month sell-off that caused prices of the battery material in China to plunge 70 per cent.

The broker noted that China carbonate prices have bounced 30 per cent from their lows, and hydroxide prices have rebounded by 20 per cent. But while lithium chemicals are gaining, the spodumene concentrate price has continued its downward trajectory, now at $US4050 a tonne.

Spodumene concentrate prices continue to fall. The New York Times

However, the broker noted sentiment in the market was improving given midstream inventories had fallen and actual supply growth had disappointed so far this year.

“The turning point in lithium markets? Yes, it looks like that for now at least,” said Marius van Straaten, commodities strategist at Morgan Stanley.

“Although China’s electric vehicle sales and battery production are back in growth mode after a lacklustre start of the year, cathode and battery cell producers are still not fully back buying in the spot market, but sentiment is clearly improving, and their lithium inventories appear to have eroded.”

Morgan Stanley said it expected the recently oversupplied lithium market to become tighter again for the remainder of this year.

The broker sees upside risk to its second half base case forecast of an average China lithium carbonate price of $US25/kg.

 

[cruiser51]

Where the fuk is Tommy??

 

[BEISHA]

@JAG, Anyone ... This looks like a battle won in the ongoing war to win ... BUT please help me out here. Does "broader Cominière Arbitration Proceedings" refer to the ICC Case brought by Jin Cheng against AVZI re 15% of Dathcom purportedly acquired by Jin Cheng from Cominiere?

@JAG, Anyone ... This looks like a battle won in the ongoing war to win ... BUT please help me out here. Does "broader Cominière Arbitration Proceedings" refer to the ICC Case brought by Jin Cheng against AVZI re 15% of Dathcom purportedly acquired by Jin Cheng from Cominiere?

Sparrow, this is a huge battle win for AVZ in this long drawn out war

ICC are basically saying to Cominiere that any attempts to follow thru with their actions ( termination of Dathcom JV ) plus 15% transfer to Zijin, will result in them getting punished 50k a day until final deliberations are made by ICC.

Cominiere also has to pay emergency court costs as a result.

Its a BIG FUCK YOU and more than likely precedence to a big AVZ win down the track.

Over to you Felix .............get some common sense together ASAP before your country gets even more embarrassed via the international community!!

Kudos to the AVZ bod !


imo

 

[Bray]

Went and saw a gypsy today.. she said there’d be a big win and one word kept coming to her…

 

[eqtrade]

Yes, thanks, BUT, is that ICC case the one that Jin Cheng (Zijin) bought to the ICC (supported by Cominiere) ???

Remember from the company's "Arbitration Proceedings Update and Interim Financial Report Clarification" in March 2023, it says:

"AVZI remains of the view that its jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI under the Dathcom Joint Venture Agreement (JVA), since it is not a party to the Dathcom JVA. An award on jurisdiction can reasonably be expected to be handed down mid-2023.

It should be noted that this does not finally determine whether the sale of shares from Cominière to Jin Cheng was effective, which will remain to be determined in separate proceedings."

The case AVZ vs Cominiere also includes broader proceedings relating to unlawful 15% transfer of Cominiere's shares in Dathcom to Zijin. This is how I understand. These proceedings would determine if the transfer is null.

 

[Charbella]

Sparrow, this is a huge battle win for AVZ in this long drawn out war

ICC are basically saying to Cominiere that any attempts to follow thru with their actions ( termination of Dathcom JV ) plus 15% transfer to Zijin, will result in them getting punished 50k a day until final deliberations are made by ICC.

Cominiere also has to pay emergency court costs as a result.

Its a BIG FUCK YOU and more than likely precedence to a big AVZ win down the track.

Over to you Felix .............get some common sense together ASAP before your country gets even more embarrassed via the international community!!

Kudos to the AVZ bod !


imo

Bravo！What implications would this have on the Cominiere VS MMCS case?

 

[cruiser51]

The ICC statement re Cominière, a DRC state company, whose actions are overseen by its MoP, must be an embarrassment for the DRC Government.

One must wonder if FT and Zijin wish to go to the end after this first verdict.

In this case 90% of court costs are allocated to Cominière.
I wonder how much money Cominière has in the kitty.
Maybe CKK has to go around his colleagues with the tin.

I saw somewhere that Jules has put a block on certain bank accounts.
Maybe the brown paper bags are still stored under the bed.

 

[Flight996]

Bravo！What implications would this have on the Cominiere VS MMCS case?

Hi Charbella

I think the MMCS vs Cominiere case is done, and outcome is pending.

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Cheers
F

 

[BEISHA]

Bravo！What implications would this have on the Cominiere VS MMCS case?

Well not much really i would of thought, MMCS dont have a case one would think, Cominiere will get a win there which is important, cause they need that to provide DRC govt their 10% share of Dathcom as per previous agreement.

imo

 

[Xerof]

The ICC statement re Cominière, a DRC state company, whose actions are overseen by its MoP, must be an embarrassment for the DRC Government.

One must wonder if FT and Zijin wish to go to the end after this first verdict.

In this case 90% of court costs are allocated to Cominière.
I wonder how much money Cominière has in the kitty.
Maybe CKK has to go around his colleagues with the tin.

I saw somewhere that Jules has put a block on certain bank accounts.
Maybe the brown paper bags are still stored under the bed.

Yeah, whilst the ICC only slapped the injunction on the JVA part of the broader case, NOT anything (directly) to do with the 15%, and NOT even a final ruling on the JVA bit, you would have to think this will not be seen as generally good news for MoP and China

Maybe:

 

[BEISHA]

Yeah, whilst the ICC only slapped the injunction on the JVA part of the broader case, NOT anything (directly) to do with the 15%, and NOT even a final ruling on the JVA bit, you would have to think this will not be seen as generally good news for MoP and China

Maybe:

 

[Winenut]

My excuse, I've resumed my second job after 5 years not playing - gigs Friday and Saturday nights this weekend. Not those two guys - I'm on the left.

View attachment 35828

How did the gigs go @Retrobyte ???

Love the photo

Nice tidy Fender Bass set up ....sweet

Got a cheeky Marshall for the lead/rhythm guitarist...noice (wonder if he matches a Gibson with that?)

Nice vintage looking kit for the drummer too. Not sure but possibly a Ludwig or Gretsch???????...mmmm

Hope it went well and you had a ball

50 covers to learn/brush up in a week!!!.....I reckon I'd be peddling a lot of root notes!!

Cheers!

 

[Winenut]

Looks like you are a member of a good ole rock & roll band..........is that a " iron maiden " shirt that the drummer is wearing ?




Classic song this one.

I'm not particularly into metal but geez I remember that song from when I was teenager and the single made it into my record collection

You remember singles.....those funny little 7inch things that spun around at 45 rpm.....

Interesting fact:

The lead singer from Iron Maiden Bruce Dickinson pictured above is considered a Polymath

He makes a very interesting read.....quite remarkable really

https://stpetecatalyst.com/iron-mai... Iron Maiden,metal band Iron Maiden: Polymath.

https://metalheadcommunity.com/10-reasons-why-bruce-dickinson-of-iron-maiden-is-a-great-man/

 

[Li-AusPol]

View attachment 35910

I know it’s only a small step in the right direction - not anything concrete re: the entire cominiere matter or Zijin etc.

But shit it’s the first win we have had in 12 months!!

Fuk I feel we all have just won the lottery

I’m about to run through my lounge room wall

 

[Retrobyte]

View attachment 35949

How did the gigs go @Retrobyte ???

Love the photo

Nice tidy Fender Bass set up ....sweet

Got a cheeky Marshall for the lead/rhythm guitarist...noice (wonder if he matches a Gibson with that?)

Nice vintage looking kit for the drummer too. Not sure but possibly a Ludwig or Gretsch???????...mmmm

Hope it went well and you had a ball

50 covers to learn/brush up in a week!!!.....I reckon I'd be peddling a lot of root notes!!

Cheers!

Both gigs went well, Wino. I have a couple of nice vintage basses but that one's a Jap Fender that doubles as a defensive weapon for pub gigs. Gat player is a Strat man - that his small rig ... on Saturday night it was Laney head + Marshall quaddy. Not the drummer's kit - that's a house kit because the load in is a bastard down a narrow flight of stairs.

At my age I'm a bit out of practice with the late night side of things, so getting home sober at 3am two nights in a row was a shock to the system. The Friday night was a 4 setter so it was a tough initiation back into gigging after a long break.

Here's a short vid from Friday night - the crowd were into it for sure ....

 

[Frank]

Sparrow, this is a huge battle win for AVZ in this long drawn out war

ICC are basically saying to Cominiere that any attempts to follow thru with their actions ( termination of Dathcom JV ) plus 15% transfer to Zijin, will result in them getting punished 50k a day until final deliberations are made by ICC.

Cominiere also has to pay emergency court costs as a result.

Its a BIG FUCK YOU and more than likely precedence to a big AVZ win down the track.

Over to you Felix .............get some common sense together ASAP before your country gets even more embarrassed via the international community!!

Kudos to the AVZ bod !


imo