AVZ Discussion 2022

[CHB]

A bad deal is having to settle for anything less than what we are legally entitled to because of the whims of Mr 73% rather than the law being followed. That could range from being bought out to having to accept Zijin in Dathcom with giving up the north somewhere inbetween.

My inkling is that the condition outlined in the ICSID decision regarding AVZ being asked to promise to progress the project immediately if the ML is granted came from the DRC government. Perhaps them trying to call AVZ management's bluff if they really believe we are just speculators.

Is it not weird that ICSID requests it?

Like making it a condition of ML. When really the ML should be given on the basis of AVZ already following the mining code.

I imagine management may be rushing now to renegotiate funding with the banks or some other party. I imagine what was previously agreed is now off the table given the macros and the timeframe since last agreement.

 

[Mr Clean]

Pretty clear to me that if a deal is not made in the next few months, we’ll have to wait for the final decision of the courts in 2025 and 2026. Which means we will likely be delisted in May. Pretty disastrous outcome for everybody

 

[Remark]

Nice fishing there @TDITD !

You're the first person to get a decent bite from @cominiereSA, he's becoming more & more unhinged.

 

[lellep]

Are we getting delisted in May?

 

[TDITD]

Nice fishing there @TDITD !

You're the first person to get a decent bite from @cominiereSA, he's becoming more & more unhinged.

View attachment 55450

His lies and the pressure is taking a toll on him.
Great work to all who have been vocal on X

 

[Cumquat Cap]

Great work Paul, hopefully it is doing something to spread the word and not allow Felix the fat cunt to just ignore us in perpetuity.

Hopefully negotiations are moving quickly and Vital gets the PM spot.

Keep up the good work on X

 

[Xerof]

Are we getting delisted in May?

Ask PeterG, he won’t know either

 

[Carlos Danger]

Is it not weird that ICSID requests it?

Like making it a condition of ML. When really the ML should be given on the basis of AVZ already following the mining code.

I imagine management may be rushing now to renegotiate funding with the banks or some other party. I imagine what was previously agreed is now off the table given the macros and the timeframe since last agreement.

Yeah it certainly is an odd one

Avz posted the ICC decision in French and English back in November. Strange that they haven't done the same with this recent ICSID ruling.

The fact that we have been asked to put in writing that we will progress the project immediately when, checks notes, that is the entirety of what our case is about is extremely suspicious to me

What if the licence is finalised for the south and then CATH does the old sweet chin music through the barbershop window to Nigel Jannetty by pulling funding. They did vote for MMGA and against the current bod at the AGM.

Would anyone else bank roll this shitshow especially now lithium prices have crashed?

All eyes on Mr Pei imo

 

[SilentOne]

Yeah it certainly is an odd one

Avz posted the ICC decision in French and English back in November. Strange that they haven't done the same with this recent ICSID ruling.

The fact that we have been asked to put in writing that we will progress the project immediately when, checks notes, that is the entirety of what our case is about is extremely suspicious to me

What if the licence is finalised for the south and then CATH does the old sweet chin music through the barbershop window to Nigel Jannetty by pulling funding. They did vote for MMGA and against the current bod at the AGM.

Would anyone else bank roll this shitshow especially now lithium prices have crashed?

All eyes on Mr Pei imo

View attachment 55475

Carlos,

I am not overly concerned if Cath pulls funding I would suspect that there would be many other contenders. Being mindful that this a very strategic Asset and it is likely to influence the Lithium Price into the future. It is not the current value that we need to focus on but the future value and the life of the mine.

Any good miner is likely to give both her nuts to be part of the project - however there needs to be enforceable commitments from the DRC.

The longer this drags on the greater the damage this does to future investments within the DRC.

My experience in 3rd World countries is that the locals tend to like working for the West due to in many circumstances better working conditions and higher pay. This is the last thing Sin Bin is likely to want.

Anyway, just a thought bubble - DYOR.


Regards,

Silent.

 

[Dijon101]

@Azzler

DRC is 3rd world and corrupt
Manono is a world class resource
China try to steal manono
AVZ says no
Lawyers make money

 

[wombat74]

Yeah it certainly is an odd one

Avz posted the ICC decision in French and English back in November. Strange that they haven't done the same with this recent ICSID ruling.

The fact that we have been asked to put in writing that we will progress the project immediately when, checks notes, that is the entirety of what our case is about is extremely suspicious to me

What if the licence is finalised for the south and then CATH does the old sweet chin music through the barbershop window to Nigel Jannetty by pulling funding. They did vote for MMGA and against the current bod at the AGM.

Would anyone else bank roll this shitshow especially now lithium prices have crashed?

All eyes on Mr Pei imo

View attachment 55475

Surely Nigel has got his head around this and has a back up plan (partner) . He's known for 4 years the Chinese have been trying to F--k him over . Even a wood duck like me put a question mark on CATH . Why ? Because they are f--king Chinese .

 

[SilentOne]

Surely Nigel has got his head around this and has a back up plan (partner) . He's known for 4 years the Chinese have been trying to F--k him over . Even a wood duck like me put a question mark on CATH . Why ? Because they are f--king Chinese .

Wombat,

You are correct. I am sure that Nigel has multiple fallback positions - I think that many of us recognise that all chinese companies are an extension of the CCP.

I think what an excellent outcome would be is if an American Company replaced Cath this would provide us with a solid base and security in my opinion.


Regards,

SilentOne

 

[Scoota30]

The risk v reward for CATH pulling out of the project just isn't there IMO. They would know that AVZ would have a secondary plan and in that case they would risk losing 24% ownership of the entire project as well as all of the product. The smart move from CATH/CCP is to have that deal as a backup in case they can't steal the entire project.

 

[Cumquat Cap]

anyone concerned about this quarterly due this week? i'm sure it will be pretty rough viewing.

Agree re CATH I think they will stick around as its a deal of the century in retrospect - but would love an American mob to come in (suspect they're too smart to invest significant capital in the DRC).

I do know mr 73% as CD puts it will be looking to leverage his majority into a few big ass paydays throughout the next 5 years

 

[SilentOne]

anyone concerned about this quarterly due this week? i'm sure it will be pretty rough viewing.

Agree re CATH I think they will stick around as its a deal of the century in retrospect - but would love an American mob to come in (suspect they're too smart to invest significant capital in the DRC).

I do know mr 73% as CD puts it will be looking to leverage his majority into a few big ass paydays throughout the next 5 years

Me personally, I would be happy for AVZ to default on the agreement.

I think it would be in our long term interests to do so - we should be putting as much distance between the CCP and Dathcom.


Just my thoughts - DYOR.


SilentOne.

 

[Doc]

Me personally, I would be happy for AVZ to default on the agreement.

I think it would be in our long term interests to do so - we should be putting as much distance between the CCP and Dathcom.


Just my thoughts - DYOR.


SilentOne.

To default now is to pay 20m. Soon we wont have 2m

 

[wombat74]

Anyone concerned about AVZ's bank balance and our chances of securing that $20mil from Locke ? Regardless of our legal rights , does zero dollars in the kitty mean we are screwed ?

 

[CHB]

Anyone concerned about AVZ's bank balance and our chances of securing that $20mil from Locke ? Regardless of our legal rights , does zero dollars in the kitty mean we are screwed ?

That's generally what it means when you have no money

 

[wombat74]

That's generally what it means when you have no money

Part of their stall and delay tactics . So until we can secure $$$$ to keep the lights on and pay wages why would DRC agree to anything?

 

[Carlos Danger]

however there needs to be enforceable commitments from the DRC

Yes that is the main problem I see

They have repeatedly shown that they can't be trusted. I personally doubt anyone other than China would want to pay big bucks to get involved in this mess because of the rampant corruption within the DRC government and in the entities like Cominiere representing the state. Especially at the level Tshisekedi wants eg battery hubs with no exports of ore outside DRC.