AVZ Discussion 2022

[Jongo]

And here is the video, also posted by Mute22.

AVZ Discussion 2022

Maybe I've missed something. Where is this financial claim? I know the $10 billion has been thrown around forever, but as far as I can see, there is no official reference to a $10 billion damages claim lodged in any publicly available ICSID document or AVZ ASX announcement. Please correct me...

thestockexchange.com.au

 

[wombat74]

I can’t work out how the population tolerate this, they should eradicate the scum responsible for their poverty.

It's Africa . Wind the clock back 300 years .

 

[Rechnerhand]

News from the other side ... Tanganyika: Relief in Manono after the disappearance of two critical quagmires on the RN 33

 

[Winenut]

I can’t work out how the population tolerate this, they should eradicate the scum responsible for their poverty.

If they could they probably would

But what you just highlighted is exactly the problem in the DRC and other countries in the world

Even if the population realises the situation and even if the general population doesn't tolerate it in any way shape or form....they are unfortunately dispossessed of any mechanism or power to instigate or achieve the required change

Entrenched powers and corruption and a lack of access to truly democratic rights denies the general population an opportunity to de-couple from the status quo

The scenario is repeated world over unfortunately

 

[Rechnerhand]

DR Congo: France activates its networks to secure access to critical minerals

 

[Samus]

Meanwhile at the Chinese embassy in Kinshasa

 

[timb89]

Mute22 posted the video translation earlier this afternoon with the following post. The actual video was a TSE page or 2 above the translation post.

AVZ Discussion 2022

Well $12 is a possibility so $6 is a lay-down misère!! I hate to guess a price, so pointless. We just have to wait and see how the ICSID verdict will be worded. If Felix is trying to pull a shonky with Donald, he has shit for brains. For Felix to put CKK on his advisory team might prove to be...

thestockexchange.com.au

Appreciate it.

They mention AVZ being received by Felix on April 1, surely they mean Kobold?

 

[Pokok]

From the 2:32 point of the translation.

"Congo was being asked for $10 billion, likely to settle for $5 billion after judgment in Washington."

5B USD is roughly 2.15 AUD per share, and I would be happy with that.

You forgot the 1 in front of the 2

 

[SilentOne]

From the 2:32 point of the translation.

"Congo was being asked for $10 billion, likely to settle for $5 billion after judgment in Washington."

5B USD is roughly 2.15 AUD per share, and I would be happy with that.

You might be, but I certainly would not be happy with it - begrudgingly I would endorse going all the way with the ICSID if that the figure on offer.



Regards,

SilentOne.

 

[timb89]

You might be, but I certainly would not be happy with it - begrudgingly I would endorse going all the way with the ICSID if that the figure on offer.



Regards,

SilentOne.

You are not playing the numbers.

Occidental Petroleum Corporation v. Ecuador (ICSID Case No. ARB/06/11)

• Final Award: In October 2012, the tribunal awarded Occidental Petroleum approximately $1.77 billion (plus interest) for Ecuador’s unlawful termination of an oil exploration contract.
• Payout/Settlement: In 2015, Ecuador and Occidental reached a settlement. Ecuador paid $980 million to Occidental, a significant reduction from the original award, after negotiations and an annulment proceeding that partially upheld the award. The settlement was publicly reported as a resolution to avoid further enforcement actions.

They received half the payout as was awarded. Equadors GDP is 1.6 the size of DRCs. Equador is 40 places better ranked on the corruption index than DRC.

This is assuming the ICSID agrees with our claim and gives us the full 10 Billion. Occidental Petroleum were asking for 3.4 Billion (awarded 1.77). The effective payout was 25%.

If we are given 5 Billion USD settlement, we take it. Effective payout of 50%.

 

[SilentOne]

You are not playing the numbers.

Occidental Petroleum Corporation v. Ecuador (ICSID Case No. ARB/06/11)

• Final Award: In October 2012, the tribunal awarded Occidental Petroleum approximately $1.77 billion (plus interest) for Ecuador’s unlawful termination of an oil exploration contract.
• Payout/Settlement: In 2015, Ecuador and Occidental reached a settlement. Ecuador paid $980 million to Occidental, a significant reduction from the original award, after negotiations and an annulment proceeding that partially upheld the award. The settlement was publicly reported as a resolution to avoid further enforcement actions.

They received half the payout as was awarded. Equadors GDP is 1.6 the size of DRCs. Equador is 40 places better ranked on the corruption index than DRC.

This is assuming the ICSID agrees with our claim and gives us the full 10 Billion. Occidental Petroleum were asking for 3.4 Billion (awarded 1.77). The effective payout was 25%.

If we are given 5 Billion USD settlement, we take it. Effective payout of 50%.

Well if it comes to a vote the answer is still no

 

[Hudnut]

At the moment I'd just love to have the opportunity to have a vote.

 

[Winenut]

At the moment I'd just love to have the opportunity to have a vote.

at the moment i’d just like to know what I might be voting on

 

[cruiser51]

And the beat goes on....

About a week old:

 

[Roon]

Well if it comes to a vote the answer is still no

Voting no for 5b USD? I feel sorry for your upcoming mental state when reality eventually hits.

 

[timb89]

Well if it comes to a vote the answer is still no

Based on what though?

Play out a scenario that you think will happen by voting no to above.

 

[cruiser51]

 

[cruiser51]

 

[OmarsCominYo]

 

[OmarsCominYo]

42.54

edit: video appears to have been altered, relevant report currently at 23.38