A general roasting .
AVZ Discussion 2022
- Thread starter GazDix
- Start date
On a high heat .
I think the assumption in the room is that the enemies are circling and will be present at each AGM for the foreseeable future, so there will need to be a balance in that grilling given you will likely get pre-prepared answers from legal
It was a serious question. As far as I can tell board are doing everything in their power to advanced project.
Main issue is remuneration.
Carlos Danger
Top 20
This time last year most shaeholders were saying if we're still not trading next AGM then the bod will have lost my support
Now they're saying the exact same
Same thing will happen next year imo
Last weeks vote was a choice of continuing the status quo path of arbitration or making a deal on unfavourable terms
We have to accept the outcome of this decision wherever it may lead and however long it takes. We are now all responsible for the suspension mission creep. If Felix gave any fucks about AVZ or the law this all would have been over months ago imo
I disagree in regards to Felix agenda. His processes required to eliminate corruption is unknowable to us.
The complexities of the geopolitical structure of DRC are beyond the scope of average AVZ investor. None of us can really make any absolute comments on his administration.
It seems that remnants of the previous government still remain whose support is required for the formation of the coalition government.
Its unrealistic to presume that x amount of years of corruption can be cut out in one fell swoop. I suspect Felix doing deals with devils to stay in power, in order to continue to fight corruption. Could be also to continue lining his pockets.
Your comment on Felix caring about AVZ or Law, could just as easily be inverted to say Manono could be very close to shipping spod right now if he didn't care about law.
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There you go . Remuneration/ Bonuses being one . Did we get any bang for our buck out of Marius Mihigo ? Personally I'm pissed off no one thought to take a photo of Nigel's recent meeting with the President . Or the previous meeting for that matter . Maybe there was a legitimate reason .Opportunity missed imo . Amateur hour . What was the vibe like between the 2 of them ?
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I agree, the complexities are a minefield. I do wonder if a takeover offer would even be approved internally? I know we tend to think that the Chinese are all powerful in the DRC, but the fact is we are still here and in their way. If they had all the power, they would be mining Manono and have complete control. There is clearly a push from many internally to move away from Chinese ownership. Examples are numerous eg renegotiation of copper & cobalt deals with Sicomines.
Part of me thinks that a takeover from any Chinese entity might not even be viable. Recall that detractors convinced FT that we were here simply to flip the project, so clearly it was a concern of his.
SURELY they would have lobbed in a bid by now, given all of the effort they have put in to stall & steal the project.
Not clear cut at all, and starts to make less sense the more I dwell on it.
BRICK
Top 20
Well.... not a spit roasting
Felix promoted CKK . The President and the MoM of mines have handed over responsibility of the Manono Project to Cominiere and their Chinese masters . All this after CKK was found guilty of corruption .
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I wish he hadn't but I can also entertain the possibility that letting someone captain a sinking ship isn't a promotion.
To add, the recent MOU DRC signed with European Union as well as Lobito Corridor being supported by USA.
EU, DRC, Zambia Forge Raw Material Partnerships, Develop Lobito Corridor
Today, at the Global Gateway Forum taking place in Brussels, the EU signed three Memoranda of Understanding (MOU) with partners to develop critical
China having control of Manono, stolen from Western ally will have ramifications for above.
Main point is that to say "AVZ don't have Manono, there FT is enemy" is (whilst possibly true) is to simplistic and above our pay grades.
Tim,
You are exactly right in my opinion - Special K will have all the accountability lumped onto him as time passes and I am sure he will go out with a bang and not a whimper.
Someone from the DRC ultimately needs to wear the accountability and it wont be the President or his Ministers.
Just a thought bubble.
SilentOne.
Could it be the Chinese plan of attack is to have AVZ fully commit to ICSID ?
Cumquat Cap
Regular
Why would they do that Wombat? they want DRC to be shunned by the western world forevermore?
Can you elaborate to what end would this be their 4D chess plan?
I would say the suggestion is that AVZ is doing the legwork in terms of countering Chinese corruption. In that sense, we are the bad guys. This allows DRC to maintain amicable relationships in terms of the very large construction and development contracts in place with Chinese firms in DRC.
Who knows, there is likely enough factors to make your head spin. I would say the sad fact of the matter is the DRC is not even remotely set up to handle its mineral wealth.
As stated before, I am very happy that Zijin are so openly involved in this situation. They have tangible assets that can and will be accessed by ICC/ICSID. China is a member state of ICSID after all. Whilst people can argue that the DRC will not pay us what is owed, I don't think the same argument can be applied to Zijin. If they take ownership of Manono then we will be all over them with litigation with full backing of ICSID.
And dont they have Asset in Australia?
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