AVZ Discussion 2022

[Dave Evans]

Winebags

Did he give you the mantle ?

The number of blow-ins and emerged posters, newbies and players that have never, ever been seen on this forum before offering opinions and thoughts and the like on the current AVZ situation corresponds ridiculously with the ramp up from the MMGA, creepy skinned, Chinese glove puppet, corrupted arsewipes and their anti-Australian, Simon Cong influenced, CCP funded subversive agenda

The corresponding nearology of the AGM is hardely un-noticed

Absolutely #FuckZijin, #FuckSimonCong, #FuckMMGACorruptMoneyGrubbingFuckingArseholes

#LiberezManono

Was @Winenut worthy of taking the Mantle back Cashy? Worthy of a mention perhaps But the actual Mantle

Perhaps TITS needs to weigh in on that

New AVZ announcement just dropped

 

[TheCount]

 

[Remark]

An extra 50,000 euro per day - nice!

 

[Cumquat Cap]

So just to confirm, it is now 100K euro per day whilst they are acting against the file - that's alot of skrilla for a piss poor organisation like Cominiere

 

[eqtrade]

An extra 50,000 euro per day - nice!

So, since 5th May 23 AVZ has accumulated ~ 9.8m euro so far, then from 15th Nov 23 it will be an extra 50k/day, or a total of 100k/day. This is how I read the announcement.

 

[9cardomaha]

So, since 5th May 23 AVZ has accumulated ~ 9.8m euro so far, then from 15th Nov 23 it will be an extra 50k/day, or a total of 100k/day. This is how I read the announcement.

50k from May 5 to Nov 15.

100k there after.

 

[Thaz]

50k from May 5 to Nov 15.

100k there after.

Enough to pay for the BODs bonuses?

 

[Cumquat Cap]

That's good news, hope this is the catalyst for Zijin to finally give up although don't hold your breath

 

[Dazmac66]

Interested in your thoughts on this 9card(and others), is this a softening from the tribunal? Mixed signals?

Withdrawn!

 

[Carlos Danger]

View attachment 49677 View attachment 49678 View attachment 49679

But muh force majeure

 

[Samus]

LykShares ​

Breaking News: AVZ Minerals Scores Victory in ICC Arbitration with Cominière​

AVZ Minerals Successfully Restraints Cominière in Ongoing ICC Arbitration

In a continued battle against La Congolese D’Exploitation Minière (Cominière), AVZ Minerals is making significant progress. The company has obtained emergency relief and additional updates from the International Chamber of Commerce (ICC) in Paris concerning its joint venture agreement with Dathcom Mining SA (Dathcom). This latest development further solidifies AVZ's position and restrains Cominière from implementing its purported termination.

Imposing Penalty on Cominière

Back in May 2023, AVZ's subsidiaries secured emergency relief from the ICC, ordering Cominière to pay a penalty of €50,000 per day if it attempted to terminate the joint venture agreement with Dathcom. However, despite the initial ruling, Cominière proceeded with its purported termination of the agreement, prompting AVZ's subsidiaries to apply for further emergency relief.

ICC's Decision and Ruling

On November 9, 2023, AVZ's application for additional emergency relief was heard by the ICC. Six days later, on November 15, the ICC emergency arbitrator rendered a favorable decision in AVZ's favor. The ruling outlined the following orders against Cominière:

Cominière must refrain from exploring and exploiting PR 13359 and PR 15775, directly or indirectly, until the ICC tribunal in charge of determining the validity of the termination of the Dathcom joint venture agreement evaluates the matter.
Cominière is obligated to pay a fine of €50,000 per day for any non-compliance with the aforementioned order.
Cominière is responsible for covering the ICC's administrative costs and a portion of the legal costs incurred by AVZ's subsidiaries.

Furthermore, the ICC emergency arbitrator rejected Cominière's request to set aside the emergency order issued on May 5, 2023. Consequently, the daily penalty of €50,000 for non-compliance with the initial emergency order remains in effect, while the new penalty for non-compliance with the latest ruling is now being added.

AVZ's Continued Efforts

AVZ Minerals is pleased with the latest development in the ongoing ICC arbitration proceedings against Cominière. The company remains steadfast in protecting its joint venture agreement with Dathcom and preventing any actions that could jeopardize its interests. AVZ continues to diligently pursue its legal rights and will closely monitor Cominière's conduct moving forward.

Looking Ahead

With the ICC emergency arbitrator's recent ruling and penalties imposed on Cominière, AVZ Minerals is confident in its ability to maintain the integrity of its joint venture agreement with Dathcom. As the arbitration process progresses, AVZ will remain dedicated to securing a favorable outcome and safeguarding its position in the ongoing legal dispute.

In conclusion, AVZ Minerals Limited has effectively restrained Cominière from implementing its purported termination of the joint venture agreement with Dathcom. Through the recent ICC emergency arbitrator ruling and the imposed penalties, AVZ showcases its commitment to upholding its rights and protecting its joint venture interests. The company looks forward to gaining further ground in the ongoing arbitration proceedings and ensuring a fair resolution.

https://lykshares.com/post/breaking-news-avz-minerals-scores-victory-in-icc/d1573a51-540a-4cd7-9198-c8d2d8276be6/

 

[eqtrade]

50k from May 5 to Nov 15.

100k there after.

If Cominiere doesn't violate the latest compliance, it's still only $50k per day until ICC tribunal rules the termination of Dathcom JVA invalid/violated. The good news is (from the announcement):

"Among other findings, the ICC emergency arbitrator:
• concluded Cominière had deliberately concealed it had sought and obtained a ruling from the Kalemie High Court in the DRC on 3 May 2023 in respect of the purported dissolution of Dathcom; and
• indicated Cominière’s position on the termination of the Dathcom JVA was seemingly based on an erroneous interpretation of Article 18.3 of the Dathcom JVA."

so, 10 of millions of euro is rolling in AVZ. When will ICC tribunal determine the validation of the termination?

 

[CHB]

IMO they should call in the penalty soon.

May take a few months to get the decision, then a few more to get the cash. Maybe it'll save us from doing the CR

 

[llhtom]

The morons at Cominière seem to be trying to paint their loss as a victory, as corrected by Franck here:



In summary: 1) the arbitrator refused the request to pay a fine of 22 million euros. 2) considerably reduced the scope of its first injunction: Before: this until the delivery of the final award on the merits

That's it. Post the prescription here to prove what you say. It has 62 pages. Otherwise, it confirms the first order securing the Dathcom License until the end of the procedure. A legal victory for AVZ and not the opposite.

I think it's pretty clear that these corrupt cunts in Cominiere can't read french and/or english. How the heck can they do their job??

 

[Manook]

If Cominiere doesn't violate the latest compliance, it's still only $50k per day until ICC tribunal rules the termination of Dathcom JVA invalid/violated. The good news is (from the announcement):

"Among other findings, the ICC emergency arbitrator:
• concluded Cominière had deliberately concealed it had sought and obtained a ruling from the Kalemie High Court in the DRC on 3 May 2023 in respect of the purported dissolution of Dathcom; and
• indicated Cominière’s position on the termination of the Dathcom JVA was seemingly based on an erroneous interpretation of Article 18.3 of the Dathcom JVA."

so, 10 of millions of euro is rolling in AVZ. When will ICC tribunal determine the validation of the termination?

Furthermore, the ICC emergency arbitrator rejected Cominière's request to set aside the emergency order issued on May 5, 2023. Consequently, the daily penalty of €50,000 for non-compliance with the initial emergency order remains in effect, while the new penalty for non-compliance with the latest ruling is now being added.

 

[9cardomaha]

 

[Cumquat Cap]

Fuck I hope Felix finally comes to the party now, perfect time to announce a major new industry for the DRC with solid partners and a battery conversion link via CATH - if he doesn't we know he is truly corrupt and I am going on a twitter rampage on his election run

 

[BEISHA]

View attachment 49677 View attachment 49678 View attachment 49679

A massive FUCK YOU to Cominiere !!

Well done AVZ BOD..........

Are you observing MMGA ?

Are you coming to the AGM ?

Cause ole Beisha is going to put some questions together to blow torch your farken ass........

AGM............6 days to go.

 

[Carlos Danger]

 

[9cardomaha]

what a fucking twat he is.

Edit: i have made contact with MJ Kavanagh at Bloomberg. So tommy can go eat a dick.