AVZ Discussion 2022

[M.Bison]

If this is to be believed, its good news to me. What are the risks associated with going to court. The obvious one is time. Then there is the tainted relationship. Then there is the ongoing nightmare of doing business here.
If there is an opportunity to avoid this then get me the F out. 1 in the hand is worth 2 in the bush. I don't want to play this game any more. Opportunity cost has been horrific.

 

[wombat74]

IMO and realistically, nothing is going to happen before the ICC case - Jin Cheng v AVZ and confirmation of the MMCS holding. If Jin Cheng and MMCS get booted it will either give clarity for a merger / TO, OR it will give clarity for the Dathcom holdings going to mine. If Comminere are our partner then we will have to make it work! A new JV, stringently legalise each parties' obligations and responsibilities with a clear dispute resolution mechanism. Let's get this thing moving.

Why would Jin Cheng / Zijin show up to an ICC hearing they know they wont win ? They will either find a way to postpone it again or they will drop the case . IMO

 

[SilentOne]

Why would Jin Cheng / Zijin show up to an ICC hearing they know they wont win ? They will either find a way to postpone it again or they will drop the case . IMO

Wombat that would be good news for all sorts of reasons one being that if they don't show up they are likely to have incurred fees regardless, which will need to be paid.

I would speculate that these fees will not go away if they are incurred.

SilentOne

 

[Winenut]

You put your right foot in
You put your right foot out
You put your right foot in and you shake it all about....

It's the DRC Hokey Pokey....

 

[cruiser51]

From twitter


Jens Emil Soderlund
@emil_jens
·
13m
·


Up to his old tricks Mafia Kibeya
@cominiereSA
claims he “is now in a position to renegotiate a win win contract for #Manono #REC #DRC with a real partner” then proceeds to to express “the wish to integrate the project alone by getting rid of $AVZ “
@KiengeKki

@jonnnono
… Show more




2



10
91


https://twitter.com/DEBOSS7788

This is actually an old news item, see Moneybags library on CKK
The item was from 15/7/23, posted by Sammael and archived by Baggs,

 

[Lucas Don Velor]

"In connection with the arbitration in Paris, RAC, a negotiation is in sight with the majority shareholder in AVZ,... get rid of AVZ,... the condition put on the table is the withdrawal of the arbitration complaint."

Negotiations with conditions seemingly taking place!?

Interesting comments by Franck Fwamba...

 

[Roon]

"In connection with the arbitration in Paris, RAC, a negotiation is in sight with the majority shareholder in AVZ,... get rid of AVZ,... the condition put on the table is the withdrawal of the arbitration complaint."

Negotiations with conditions seemingly taking place!?

Not a chance we are having negotiations with CKK and Lisette and co, Cominiere has made their position clear. They have said in media interviews that the win-win contract they are referring to is one they are seeking with other entities, not AVZ. Of course we may sideline them and get a negotiated deal with the DRC government, but I can't see Cominiere being involved in any discussions with AVZ retaining the tenement.

 

[Cumquat Cap]

They can't get rid of us Roon IMO - they've teamed up with Chinese entities to buy us out is my guess

Otherwise we will go to ICC and ICSID which we know has piqued Felix' and Antoinette's attention.

 

[Winenut]

Interesting comments by Franck Fwamba...

It's not a comment by Franck its a comment from fucking LARS the piece of shit

She tagged Franck to bait him

 

[Lucas Don Velor]

It's not a comment by Franck its a comment from fucking LARS the piece of shit

She tagged Franck to bait him

Francks counter-comments to LARS...

 

[Winenut]

Francks counter-comments to LARS...

Sorry can't see them.....might just be me not on X

 

[Lucas Don Velor]

Sorry can't see them.....might just be me not on X

 

[Remark]

View attachment 42900

It's quite telling that Lars' profile pic is a wolf in sheep's clothing.

Such a tosser!

 

[Roon]

They can't get rid of us Roon IMO - they've teamed up with Chinese entities to buy us out is my guess

Otherwise we will go to ICC and ICSID which we know has piqued Felix' and Antoinette's attention.

My guess is that you're right. It would set a very bad precedent and show poor business atmospherics if MoM backs cominiere in reallocation of Dathcom's licence to another party, which is Cominiere's obvious intent, and as you say would very likely lead to a protracted legal battle at ICSID which AVZ would likely win

I'd say the most likely outcome is a negotiated settlement, ending with AVZ's departure - through a buyout that leaves Zijin or CMOC in control. I hold strong doubts that we'll be able to go mining at this point.

 

[Doc]

Special K has no authority to cancel the JV - any dispute needs to be taken to the ICC first.

With the weight of the IGF and their findings and what AVZ has accumulated over time (contracts and the like). Comm does not have a leg to stand on in my opinion. Where's the money that was apparently paid for the 15% by Sin Bin?

The last thing the DRC wants are rulings against it, its ministers and quasi government enterprises.

The IGF was more than likely established so that the DRC can work towards coming off the Grey List (US Treasury).

Special K can run around and sign all the contracts he wants - my thoughts are they are not likely valid.

With the speculation of TO's I would also note its the life of the mine, future anticipated shortages of lithium and quality of the product is where the true value sits.

AVZ taking action within the ICC & ICSID are very strategic moves - the DRC does not want a ruling against it by the ICSID especially with World Bank affiliation.

Just a thought bubble.

SilentOne

If Special K does indeed run around signing contracts cant AVZ invoke the clause from the ICC hearing we won to seek daily damages? I think it was 1mil a day from memory

 

[Roon]

50k euro per day I believe was the fine.

If Special K does indeed run around signing contracts cant AVZ invoke the clause from the ICC hearing we won to seek daily damages? I think it was 1mil a day from memory

 

[Cumquat Cap]

Yep $50k per day - Celestin is talking like he doesn't give a fuck about any of those penalties or potential cost in the billions + reputational damage to DRC business climate - yet is re-instated as Cominiere DG. Unfucking believable

 

[Doc]

50k euro per day I believe was the fine.

Ta, still a decent sum. I dont think they have paid the 180k in legal costs yet either

 

[Xerof]

If you read what special K says, (the full article is under Bags thread) he claims to have argued multiple breaches by AVZ (I can't comment on the validity of those claims) and seems to have convinced a minister, probably MoM, to revoke AVZ 60% plus reverted the 15% back to DATHOMIR. No evidence of this has surfaced (i.e. decree), other than whats on CAMI, so I don't know what to make of it. But he thinks it's done.

All I'm saying is, in his peabrain, he is now in control of the destiny of PE13359, and under the above circumstances, probably hasn't breached the court order, as he claims AVZ have breached the terms of the JV. No arbitration necessary in his mind, as no dispute.

Into the valley of death rode the stupid cunt Celestine

 

[wombat74]

Yep $50k per day - Celestin is talking like he doesn't give a fuck about any of those penalties or potential cost in the billions + reputational damage to DRC business climate - yet is re-instated as Cominiere DG. Unfucking believable

Maybe CKK knows a settlement with AVZ is in the works . Hence his recent bravado and cockiness .