Cumquat Cap
Regular
$10 Billy would be fine with me - still plenty of upside for whoever buys us out
AVZ Discussion 2022
- Thread starter GazDix
- Start date
MoneyBags1348
Top 20
He said $3 - $3.50 minimum…. Too much bullshit, speculation and rumours supposedly out of the DRC on these threads for the last few weeks, not enough shareholders researching and posting facts
@Frank the big exception, keep up the great work Frank
TDITD
Top 20
$10 Billion was a number mentioned by BOD at the shit shows.
Never seen anyone on BOD mention that other number which is too low and insulting for me to even repeat, quite lucky I have never heard it too as I would likely have an involuntary @MoneyBags1348 reaction and cock punch them.
So I shall take what I heard from the horses mouth $10 Billion (USD - why not)
Don't lose sight of exactly what we have here, RD & CDL & never forget the tin.
A strategically and obviously geo-politically very important mammoth deposit that has the potential to control the price of spod for years to come.
$10 Billion for this is a fucking steal !! ....... in fact fuck it Zijin, I think I'll keep it
MoneyBags1348
Top 20
$10 Billion was a number mentioned by BOD at the shit shows.
Never seen anyone on BOD mention that other number which is too low and insulting for me to even repeat, quite lucky I have never heard it too as I would likely have an involuntary @MoneyBags1348 reaction and cock punch them.
So I shall take what I heard from the horses mouth $10 Billion (USD - why not)
Don't lose sight of exactly what we have here, RD & CDL & never forget the tin.
A strategically and obviously geo-politically very important mammoth deposit that has the potential to control the price of spod for years to come.
$10 Billion for this is a fucking steal !! ....... in fact fuck it Zijin, I think I'll keep it
No one wants any of this shit. But it's reality.
Hoping you have a source that says there is an offer on the table being negotiated (preferably at $12
).
Hodlandwin69
Regular
Samus
Top 20
Management can't afford to take anything less than ATH after tax or they open themselves up to all sorts of troubles.
That's the baseline imo.
Winenut
GO AVZ!!!!
Samus
Top 20
I thought it was Zijin 12b - damages. And a separate buyer $12.12 billion.....if Zijin is the buyer
Never forget the "fuck you" premium
everyone was drinking tap water cause funds were frozen
Mate, I am unsure why nobody wants the ICSID arbitration to proceed. Nothing has worked to date, AVZ is ignored by the DRC govt, the ICC seems a bit insipid, and the impasse remains. As we are acutely aware, the DRC govt, its agencies and the judiciary are corrupt to the core. And Chinese miners are complicit in this corruption. As a result, AVZ is cornered and faced with endless shitfuckery as it defends its ownership of Manono.
From my perspective, it's a good thing that AVZ is calling out the DRC govt and its agencies through this process. On the available evidence, particularly the IGF report, road-blocking by CAMI and arbitrary ministerial decision-making, AVZ seems to stand a good chance of a favorable outcome. While it may take a while to unfold and finalise, ICSID arbitration carries a big stick. For instance, it's awards (decisions) are binding and enforceable, and not subject to appeal in any international or domestic court. That means that the DRC and its agencies cannot appeal to a friendly domestic court if they lose, and Zijin cannot bribe its way to a favorable decision.
In addition, there is no binding precedent, which means that the DRC cannot rely on previous awards made in other cases in its defence, and also cannot rely on diplomatic immunity to avoid compliance with an award.
Having said all that, I agree with you that a negotiated settlement prior to arbitration is a strong possibility.
Cheers
F
Probably because ICSID is going to take a long time. And although we are confident, the outcome is not guaranteed. They may also be ordered to pay back what has been spent and tell us to move on. Unlikely but who can say that won't happen.
A takeover that could yield a better result and be done within months is better than waiting years for an unknown result.
Agree that nothing has worked, and ICSID is a good move.
Flight - Great Summary - Fully agree with your perspective
David Krappenschitz
Regular
Interesting. So would this mean that in the unlikely scenario of unfavourable ICC rulings, any ICSID ruling would override any /all of the ICC cases?
My understanding is that the ICC arbitrations involve different parties, different issues, and subsequent remedies would be different. Only the ICSID claim names the DRC government as a respondent.
Cheers
F
John25
Regular
Ok ok ok …it’ll be nice just too see either Nigel /Ben or John on the ground in Manono …dont want ins or outs of whats going on …maybe a few selfies near the Manono sign or with locals just too prove they’re on the ground doing fucking something in the vicinity …its not too much …is it ?????
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Uglybob
Regular
Well put Flight.
Sounds like the BoD's hand has been forced because no matter what they do, Felix the Impotent refuses to come to the party or do anything about the unprecedented corruption the "worlds best BoD(tm)" are fighting. They can keep filing paperwork hoping for an outcome they have now realised may never come, or they take it to the courts. Even though it may take time, the court route does have a finite timeline so it's still likely to yield results faster than just waiting for DRC to do their thing, which has taken almost 60 weeks so far.
Sounds like the BoD's hand has been forced because no matter what they do, Felix the Impotent refuses to come to the party or do anything about the unprecedented corruption the "worlds best BoD(tm)" are fighting. They can keep filing paperwork hoping for an outcome they have now realised may never come, or they take it to the courts. Even though it may take time, the court route does have a finite timeline so it's still likely to yield results faster than just waiting for DRC to do their thing, which has taken almost 60 weeks so far.
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