AVZ Discussion 2022

Dave Evans

Regular
@Goldenboy I cut and pasted your crapper post below 👇

Danny, did you give any thought to the chronology of current and future events in relation to your statement? Why would AVZ walk away and cancel the legal proceedings when the Court hearing is scheduled to kick off in under 4 weeks? AVZ would lose its strategic advantage if it withdrew the legal proceedings before the ICSID without any form of confirmed settlement to our claim.

What would be the catalyst for a buyout/payout to occur when the USA hasn’t signed an Agreement with the DRC and there is no commitment from either party to include AVZ’S CLAIM in the settlement terms. KoBold metals and RIO would not be interested until the USA Administration has a formal legal commitment.

AVZ Lawyers and the ICSID judicial party are about to issue subpoena's on the DRC to ensure they have adequate time to arrange flights to the hearing.

The ICSID Hearing may not be a critical timeline on the agenda of the USA but you can bet it’s a high priority for the DRC.

Why hasn’t the DRC been more proactive in looking for a settlement? The answer is simple, they just don’t understand the context of International Law and don’t get the actions they orchestrated against AVZ were in fact illegal.

I don’t think they even understand the complexity of the organisation that has to happen for delegates from the DRC, Cominiere, Dathomir, Zijin Mining group and the President of the DRC all having to attend the Court Hearing to take the stand and answer questions from AVZ Lawyers to give context to the depth of corruption and fraudulent actions that caused AVZ's Mining Licence to be cancelled. I can see them all lining up one by one and throwing each other under the bus if the Court hearing is to go ahead.

The DRC is about to learn in a big way what is going to happen one way or another and very soon. Any agreement the DRC signs with the USA (before June) will most certainly include, the settlement terms AVZ has submitted under its claim before the ICSID Hearing or should the ICSID Hearing go ahead as scheduled the payment terms from the verdict decided upon from the ICSID including the totality of fines and sanctions that are handed down (2-3 months post hearing).

IMO the USA has already stipulated to the DRC and Rwanda they need to sign a Peace Deal asap before the USA will sign off on any Minerals deal. The Declaration of Principles which they both signed was a significant step they both signed for peace and prosperity in their regions More recently both regions submitted their terms to the USA administration for the Peace deal suggesting these ISSUES are of extreme importance.

The compelling date for the DRC, more importantly, is very soon (before June), not in a couple of months, so this is becoming very urgent for them and they seem to be moving quickly, with very good reason.

In President Trumps's first 100 days he suspended the payment of $4M in international AID to the DRC and Rwanda and said he would review this over the next 3 months. Well that time is about now so the USA is also using this as leverage.

If the price being paid to AVZ is going to come from USA financial sources or investment companies there is every reason for the DRC to get a settlement done with AVZ asap. The total investment being discussed with the USA including the Lobito corridor and other Mining projects for copper, cobalt, uranium and many other critical minerals on the USA agenda put the payout to AVZ as being relatively small.

Nigel and Piper lawyers are in the USA so we know their presence in country has significance and meetings/ negotiations we can assume are happening to bring about an amicable resolution.

AVZ SHS would all be hoping a settlement announcement is made very soon or we continue with our Claim before the ICSID.

👆 Thanks for sharing that fantastic post @Goldenboy

I don’t read the crapper and haven’t for years. I want the case to go to the ICSID, I want all the corrupt arseholes to be exposed, held accountable and publicly shamed. We have fought off the corrupt actors involved for three years, finally something is imminent (the ICSID case starting in less than a month) and we are in the strongest position we have been in during all that time.

The US is not just desperate for critical minerals, it’s desperate for Manono, and the DRC is desperate to get US help. The DRC is so desperate, every day they are spinning shit about how they are transparent, cleaning up corruption and a great place to invest. We know they are liars and they are more desperate than us now even in spite of their delusion.

Nigel will do whatever ever he thinks is best, but I personally don’t want to have wasted the last three years defending the company against all the corrupt stooges and posting hundreds of pages and multiple threads of information and then not see it through one last month to the ICSID exposing all the lying, corrupt, embezzling arseholes.

View attachment 83986

P.S. I don’t believe all the recent bullshit and gag orders by the usual sources. If an offer is made and accepted before the ICSID many shareholders will be happy, but as @Samus has pointed out many times, we’ve heard the same bullshit for three years and I don’t believe a bar of it either

Well fuck me, I said I don’t believe a bar of it and 5min later a deal is announced

All I know now is if those private tweets from Jens going back about a month or so were right….

“We are close”
“Don’t post anything about the president”
“We’ll be lucky if we get $????”

It leaves me with these conclusions….

1) We fought hard for three years
2) The DRC and US were desperate for Manono not to get to ICSID
3) We better get an announcement saying the price is well above what Jens quoted privately and with the best tax outcome possible or we’ll be just shareholders who wasted the last three years fighting for a just outcome
 
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DiscoDanNZ

Regular
I'm busy at work so can't find who I was going to reply to but they were asking if it's a sale, points 2 and 5 of the announcement definitely makes it sound like it's a total sale of AVZs interest. Although it states 'commercial interests' maybe were transitioning to be a not for profit charity?

Someone else mentioned CATH, point 6 alludes to dealing with 'partners'.

Come on Nige, pay off my mortgage.
 
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Jongo

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Skar

Regular
It's only $20m, hopefully peanuts compared to 'fair compensation'.
There was a break fee on the initial agreement when Cath came on board but I think the last deal when they gave us the 20m litigation fund had a few more strings. I think Cath need to be made whole on this deal (which is what AVZ are saying), while they have not been 100% behind us in the trenches, they have gotten us this far. An offtake agreement probably keeps them happy (all they really want is the product not the business).

That said... 669MILLION TONES @ 1.6% which is measured in RD... and they only stopped there because thats well over 30 years LOM. There is literally no other asset on earth like this one. ICSID alone was seeking 10B. I will wait and see what fair value translates to for us but if its pennies on the dollar that certainly is not a fair value to me ... we have/had all approvals in place and Cath backing us... its in everyones interest to advance this project quickly and not get bogged down in the who did what to whom or misappropriated what, for right now my expectations fall well above the low end of what people here are saying but not quiet at the high end (depending on if we keep a royalty or how they structure the thing).
 
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bloke383

Regular
Well fuck me, I said I don’t believe a bar of it and 5min later a deal is announced

All I know now is if those private tweets from Jens going back about a month or so were right….

“We are close”
“Don’t post anything about the president”
“We’ll be lucky if we get $????”

It leaves me with these conclusions….
1) We fought hard for three years
2) The DRC and US were desperate for Manono not to get to ICSID
3) We better get an announcement saying the price is well above what Jens quoted privately and with the best tax outcome possible or we’ll be just shareholders who wasted the last three years fighting for a just outcome

3) We better get an announcement saying the price is well above what Jens quoted privately and with the best tax outcome possible or we’ll be just shareholders who wasted the last three years fighting for a just outcome


From The Australian
"Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour."

The US and DRC need this done more quickly than we do Nigel . Don't sell us short Nigel .
 
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PhatCatz

Regular
I don’t like them after everything they’ve tried to do to the company but would appreciate if the Chinese just rocked up to Nigel’s doorstep with a US$12b cheque.
 
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LOCKY82

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There was a break fee on the initial agreement when Cath came on board but I think the last deal when they gave us the 20m litigation fund had a few more strings. I think Cath need to be made whole on this deal (which is what AVZ are saying), while they have not been 100% behind us in the trenches, they have gotten us this far. An offtake agreement probably keeps them happy (all they really want is the product not the business).

That said... 669MILLION TONES @ 1.6% which is measured in RD... and they only stopped there because thats well over 30 years LOM. There is literally no other asset on earth like this one. ICSID alone was seeking 10B. I will wait and see what fair value translates to for us but if its pennies on the dollar that certainly is not a fair value to me ... we have/had all approvals in place and Cath backing us... its in everyones interest to advance this project quickly and not get bogged down in the who did what to whom or misappropriated what, for right now my expectations fall well above the low end of what people here are saying but not quiet at the high end (depending on if we keep a royalty or how they structure the thing).
Was that 10b usd or aud can anyone remember?
 
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Colaci78

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tonster66

Regular
Dont we, the shareholders have a say in any offer?
 
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Flight996

Regular
3) We better get an announcement saying the price is well above what Jens quoted privately and with the best tax outcome possible or we’ll be just shareholders who wasted the last three years fighting for a just outcome


From The Australian
"Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour."

The US and DRC need this done more quickly than we do Nigel . Don't sell us short Nigel .

Re: Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour.

I am rather surprised that this paragraph even got a run. It seems to me that the DRC is in a rather weak negotiating position. After all, the DRC approached the USA (rather than the USA approaching the DRC), because the enemy is at its gates and the risk of further rebel gains and a military coup remain high.

I too hope for a 'fair price'

Cheers
F
 
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Mute22

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LzrTr8dr

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PhatCatz

Regular
Fuck Zijin. If they walk away Scott free it’s a fucking disgrace. I want that private military to just invade and reclaim our stolen land and kick them out for good. It really pisses me off these cunts are going to grab a massive resource for a few mill and their shit stain DRC friends move to Belgium to enjoy retirement.

Anyways, KoBold better pay up and pay up good. I want to retire and set my family up for generations to come. As do everyone else on this forum. $us12bn is nothing for them but everything for us.
 
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CHB

Regular
Holy shit wow.

Let's hope for a decent outcome for shareholders 🙏
 
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wombat74

Top 20
Re: Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour.

I am rather surprised that this paragraph even got a run. It seems to me that the DRC is in a rather weak negotiating position. After all, the DRC approached the USA (rather than the USA approaching the DRC), because the enemy is at its gates and the risk of further rebel gains and a military coup remain high.

I too hope for a 'fair price'

Cheers
F
Brings that $1.5Bil USD (65c aud) +Royalty leak into context. Now we wait and see how much extra Nigel's been able to negotiate . IMO
 
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Scoota30

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Brings that $1.5Bil USD (65c aud) +Royalty leak into context. Now we wait and see how much extra Nigel's been able to negotiate . IMO
that leak came straight from Zijin's board meeting 😂 they got lost in translation from Chinese Yuan to USD and need to move that decimal point to the right!!
 
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Mute22

Regular
I know it's not realistic at all, but man, I hope 'fair compensation' take into account the massive opportunity cost that has been inflicted on us all for 3 years.

How many people have missed out on ever securing decent housing, given since 2022 prices up are up another 30-40% across many capital cities?
 
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tonster66

Regular
our all time high share price was $1.36, so that means people bought in at that price. How fair would it be to those shareholders if we sold for less than that?
What AVZ wanted through the ICSID was almost $10b in compensation only, not for the resource. A fair starting point would be at the compensation level and then increase from there.
imo
 
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tonster66

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I know it's not realistic at all, but man, I hope 'fair compensation' take into account the massive opportunity cost that has been inflicted on us all for 3 years.

How many people have missed out on ever securing decent housing, given since 2022 prices up are up another 30-40% across many capital cities?
Couldn't agree more
 
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Skar

Regular
Dont we, the shareholders have a say in any offer?

Realistically no, its decided by the top holders, retail investors just go along for the ride.

How many people have missed out on housing since 2022 with prices up another 30-40% across many capital cities?
Yeah not quite... I did draw out the maximum equity available in my apartment and invested in AVZ/other plays. If all goes well here it may net me a house in a capital city but trying to keep a level head and not get emotionally invested.

Sale price is the first hurdle, tax ruling will likely hurt more than the sale price (doesn't matter which government it is they all want their pound of flesh).
 
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