The best thing we can do right now is back the AVZ management team. They have done an amazing job to get things as far as they have.... If the project is not a AVZ success then there will be a time when the BOD will be held accountable. I have no doubt they are doing everything possible to fight against this evil corruption for the sake of the shareholders and their own interests. I get people are sick of positive posts but while the path is still unknown I want to keep the AVZ dream alive. It's been the worst roller coaster ride I have ever been on but am still hopeful the ride will end with a smile.
Completely agree, as much as i am critical of AVZ bod disclosure responsibilities, they have proven up a wonderful resource, have tight documentation, round 1 arbitration win against Cominiere, round table talks amongst all parties, hoping logic prevails in the end, as much as i appreciate all the brilliant intel here, only ASX announcements provide the true FACTS of the matter, the rest is just noise.
The best thing we can do right now is back the AVZ management team. They have done an amazing job to get things as far as they have.... If the project is not a AVZ success then there will be a time when the BOD will be held accountable. I have no doubt they are doing everything possible to fight against this evil corruption for the sake of the shareholders and their own interests. I get people are sick of positive posts but while the path is still unknown I want to keep the AVZ dream alive. It's been the worst roller coaster ride I have ever been on but am still hopeful the ride will end with a smile.
Honestly... I don't have enough information to either be in favour or against the management team, so I give them the benefit of the doubt but right now I want management focused on delivering immediate shareholder value (burning cash and being in suspension doesn't do that), and delivering value in 5 or 10 years time doesn't do that... I am looking for ROI but I am not going to throw the baby out with the bathwater and dump my shares discounted off market (if thats even possible). 80c-$1 I would sell at least half my holdings... with 75% ownership, an ML and a plan to get to 2-10MT/y by 2028 probably ~$2. This project has once in a lifetime value IF it can be executed on there is no doubt. Until the politics are sorted out though, best thing is to bottom drawer it and make money elsewhere. I think we are at the start of another Bullish run, so anyone that has holdings in other lithium stocks, take some solace in that (DYOR GLTAH).
The best thing we can do right now is back the AVZ management team. They have done an amazing job to get things as far as they have.... If the project is not a AVZ success then there will be a time when the BOD will be held accountable. I have no doubt they are doing everything possible to fight against this evil corruption for the sake of the shareholders and their own interests. I get people are sick of positive posts but while the path is still unknown I want to keep the AVZ dream alive. It's been the worst roller coaster ride I have ever been on but am still hopeful the ride will end with a smile.
I have been positive from way back and continue to be so. Problem is there are a lot of posters on twitter and other social media who are doing their utmost to undermine confidence in AVZ and its management. Having said that a person at the company, whom I've know for some time, also feels the same way as I do.
Once legal issues are sorted out we will be going mining and all need to be reminded that the DRC has to abide by the judgement of the ICC which should be favourable towards AVZ.
I have been positive from way back and continue to be so. Problem is there are a lot of posters on twitter and other social media who are doing their utmost to undermine confidence in AVZ and its management. Having said that a person at the company, whom I've know for some time, also feels the same way as I do.
Once legal issues are sorted out we will be going mining and all need to be reminded that the DRC has to abide by the judgement of the ICC which should be favourable towards AVZ.
I have been positive from way back and continue to be so. Problem is there are a lot of posters on twitter and other social media who are doing their utmost to undermine confidence in AVZ and its management. Having said that a person at the company, whom I've know for some time, also feels the same way as I do.
Once legal issues are sorted out we will be going mining and all need to be reminded that the DRC has to abide by the judgement of the ICC which should be favourable towards AVZ.
I'm of the same kinda thinking, in that I'm positive overall.
Angry at the complete and utter incompetence of those who could and should have used Manono as a poster boy for the DRC and its battery chain ambitions.
Angry at the fact that Zijin have been allowed to blatantly corrupt so many and delay with such effectiveness the start of what will be a gem in the DRCs mining industry.
But ultimately I'm positive, we may get a breakthrough, you never know someone in Government may have a sudden spark of braincell activity. If not then it goes to ICC where we wait till Sept24 then are on DRC time for an ML after that obvious and overwhelming victory. Just means we wait, an wait, an wait till then. I'd rather Rio came in with an offer of $12
The DRC is a member of the International Center for Settlement of Investment Disputes (ICSID) Convention, and a Contracting State to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention).
While the International Court of Arbitration does not make formal judgments on disputed matters per-se, but administers arbitrations by exercising judicial supervision of arbitration proceedings, any agreements or findings are binding on the member states.
It is also my understanding that any adverse judgements against a signature member state is backed by any offshore property and funds, and can be enforced by courts within the country (good luck getting any DRC court to support an adverse outcome). I do not know if personal offshore assets of corrupt officers of the state can be forfeited in the event of a default.
There is no way any company, government or funding body will go anywhere near Felix's fictitious battery hub and manufacturing facility. It's just fairy dust and totally dead in the water.
We'll all be living on some distant planet before a single shovel of dirt gets moved at Manono.
Who decides on the breach for the 50k a day? Is it the ICC as it was their verdict? If so I’d expect the next ann to be filing for a judgment to see if this is in breach of the ICC conditions. Worth a crack AVZ!
But if they have to pay it then they are in breach therefore we are one step closer to obtaining what’s lawfully ours.
Also 50k a day nothing to sneeze at. Should cover BoD’s wages…..
