AVZ Discussion 2022

[TheCount]

The Eagle has Landed . The Fat Man walks Alone . I REPEAT . The Eagle has Landed . The Fat Man walks Alone .

 

[Thaz]

Really looking forward to meeting everyone when this is all done.

Let's do a roadshow - start in QLD to watch Nells run over the bridge.
Next stop is Newcastle to pick up Dave.
Lob in Sydney, hire a bus so we can drive past MMGA offices in Artarmon and moon them on the way to The Rocks.
Bus continues down the Melbourne, short stay as there's not much to do down there.
Next, the Adelaide hills and pick up some nice Penfolds.
Then non-stop to Perth where we can buy Nigel a drink and work on that $26k session!

Or something like that................

Where we can really have a steak and wine session with Nigel and co.

 

[UtterMoron]

Partial award, looks like we'll be getting more money to keep this fight going, or atleast some leverage on negotiations

 

[BRICK]

Ding Ding Ding

 

[Thaz]

Confirmed that AVZ were in the u.s for "fundraising"

 

[geo_au]

ICC Tribunal Decision Against Cominière to Liquidate an Accrued Penalty of €39M and Response to Media Speculation AVZ Minerals Limited (AVZ or Company) is pleased to report that the ICC tribunal, in case ICC No. 27720/SP, has handed down a Partial Award, dated 10 March 2025, in respect of the liquidation of the accrued penalties for Cominière's non-compliance with the emergency orders, and ordered that Cominière pay a penalty of €39,125,000 plus interest (at the French legal interest rate). Click here to read the full announcement. This announcement was authorised for release by the board of directors of AVZ Minerals Limited. For further information, visit www.avzminerals.com.au or you can contact the Company via telephone +61 8 6186 7600 or email admin@avzminerals.com.au

 

[Bray]

While it sounds lavish the part stating essentially “AVZ will come up with a way for it to be paid” doesn’t inspire confidence, because COM. are grubs, insight here from the more experienced would be gooood

 

[Flight996]

AVZ announcement below:

 

[Mute22]

ICC Tribunal Decision Against Cominière to Liquidate an Accrued Penalty of €39M and Response to Media Speculation AVZ Minerals Limited (AVZ or Company) is pleased to report that the ICC tribunal, in case ICC No. 27720/SP, has handed down a Partial Award, dated 10 March 2025, in respect of the liquidation of the accrued penalties for Cominière's non-compliance with the emergency orders, and ordered that Cominière pay a penalty of €39,125,000 plus interest (at the French legal interest rate). Click here to read the full announcement. This announcement was authorised for release by the board of directors of AVZ Minerals Limited. For further information, visit www.avzminerals.com.au or you can contact the Company via telephone +61 8 6186 7600 or email admin@avzminerals.com.au

$39,125,000 Euro equals $67,384,596.25 Australian Dollars (plus interest)

Noice.

 

[Mute22]

AVZ announcement out:

Management very coy, making it sound like ICSID is the way forward keeping the pressure on, as they should.

 

[Exo324]

Does anyone know what this means?

 

[cruiser51]

$39,125,000 Euro equals $67,384,596.25 Australian Dollars (plus interest)

Noice.

 

[wombat74]

$39,125,000 Euro equals $67,384,596.25 Australian Dollars (plus interest)

Noice.

"AVZ will consider what steps it will take in relation to recovery of the penalty."

Any ideas on how we will do this ?

 

[Panther22]

If its commercial interest rates as in Australia its something like 8% plus the rate as determined by central bank.

 

[Spikerama]

Interesting the Counter is way off. I wonder where I went wrong.

 

[Doc]

"AVZ will consider what steps it will take in relation to recovery of the penalty."

Any ideas on how we will do this ?

Well they could let us build a mine and we'll take it out of the taxes to be paid....

 

[Doc]

Interesting the Counter is way off. I wonder where I went wrong.


View attachment 79258

The announcement stated its only a partial penalty

 

[Roon]

View attachment 79255

Does anyone know what this means?

Means that the Com + Zijin ICC case against AVZ, is now a Com + Zijin + Dathomir case against us.

 

[aanti.dumb]

"AVZ will consider what steps it will take in relation to recovery of the penalty."

Any ideas on how we will do this ?

An option is to sell the debt Cominière owes AVZ to a debt collection firm at a discount and use the funds to keep up the fight.

 

[rocknrolla]

Anyone got an understanding on this?