AVZ Discussion 2022
- Thread starter GazDix
- Start date
Mickyb64
Regular
DRC and Rwanda aren't on the list of 5 African countries attending.
Trump is going for the 'low hanging fruit' wrt establishing economic and security win-win arrangements with other African countries. Subsequently, the momenentum generated will focus on the more difficult DRC/Rwanda/M23 equation.
From Coplilot ...
Here’s how the Trump African Leaders’ Summit (9–11 July 2025) ties into the broader U.S. minerals strategy across Africa, and what ripple effects it might have on the DRC–U.S. minerals-for-security agreement and KoBold’s ambitions at Manono:
The U.S. Minerals Strategy Across Africa
Strategic Goals
Key Initiatives
Why the West African Delegation Matters
While Liberia, Senegal, Mauritania, Guinea-Bissau, and Gabon aren't neighbors to the DRC, their participation signals:
Implications for KoBold & AVZ at Manono
From Coplilot ...
Here’s how the Trump African Leaders’ Summit (9–11 July 2025) ties into the broader U.S. minerals strategy across Africa, and what ripple effects it might have on the DRC–U.S. minerals-for-security agreement and KoBold’s ambitions at Manono:
The U.S. Minerals Strategy Across Africa Strategic Goals- Secure supply chains for critical minerals (lithium, cobalt, copper, rare earths)
- Counter China’s dominance in African mining via private sector-led partnerships
- Embed resource deals within a governance and security framework, especially in unstable regions
Key Initiatives- Lobito Corridor: $5B investment to unlock export routes for Congolese and Zambian minerals
- U.S.–DRC Framework: Tied to peace with M23 rebels, includes support for mining infrastructure and development
- KoBold Metals: Serving as the flagship example of U.S-backed resource diplomacy
Why the West African Delegation MattersWhile Liberia, Senegal, Mauritania, Guinea-Bissau, and Gabon aren't neighbors to the DRC, their participation signals:
- Pan-African Engagement: U.S. isn't limiting its resource diplomacy to the Copperbelt; it’s creating a continental coalition
- Model Deals: Countries like Liberia and Gabon are exploring similar public-private partnerships for bauxite and iron ore, making them strategic testbeds
- Multilateral Leverage: A collective African bloc improves bargaining power on royalties, governance, and anti-corruption safeguards
Implications for KoBold & AVZ at Manono| Factor | Impact |
|---|---|
| Diplomatic Momentum | The summit boosts pressure on DRC to finalize peace with M23 and accept KoBold’s acquisition deal |
| Investor Confidence | Promotes confidence among U.S. investors and stakeholders—Rio Tinto, Breakthrough Energy, etc.—to support mining in conflict-prone zones |
| Timeline Acceleration | A successful summit and peace deal may expedite approvals and project groundwork by early 2026 |
| Strategic Alignment | KoBold’s $1B+ commitment aligns with the summit’s goal to showcase U.S. commercial investment as an alternative to China’s influence |
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The ruling seems to suggest the missing $$ is our problem, as we now have to come up somehow with 15m to pay Dathomir.
If I read that correctly, anyway?
There's an AVZ announcement on this topic from some time ago - go to the AVZ website
Samus
Top 20
I don't actually think it specifies exactly how much was stolen from memory?
Might be wrong but I feel like the assumption on tse became that the whole lot was stolen, in reality we don't know how much was stolen?
Winenut
GO AVZ!!!!
Can anyone explain to me why in the recent ICC determination regarding the purchase of shares from Dathomir AVZ is now obliged to pay another US$15m ????
I thought the funds paid of US$20m that Cong sent back and AVZ placed in safe (cough, cough) escrow was the full payment for the Dathomir shares????
Am I missing something here???
I thought the funds paid of US$20m that Cong sent back and AVZ placed in safe (cough, cough) escrow was the full payment for the Dathomir shares????
Am I missing something here???
Samus
Top 20
Yeah Christian Lusaka apparently stole some of it, if not all of it and avz was having trouble checking the account last we heard (I think). What an immense shitshow of epic proportions!
At least it's something to talk about and investigate I guess...
Hopefully somebody can dig up some clarity.
Correct mate. I recall the announcement mentioned multiple fraudulent transactions or words to that effectI don't actually think it specifies exactly how much was stolen from memory?
Might be wrong but I feel like the assumption on tse became that the whole lot was stolen, in reality we don't know how much was stolen?
If that is the case you'd have to think the only way they are getting that money is if AVZ get a settlement .
Although it was the escrow account set up at our behest by our lawyer. So you could see why people may point to us on this one. Even though that was only because Cong had sent back the funds that had rightly paid for the stock (as the latest ruling shows, though the 5% not ruled on yet).
What a tangled web all this is
UtterMoron
Regular
Deduct the 15m from Comminiere's fines, and get the sticky fingered bastard lawyers later once the rest of the fine is paid and that can be used to go after them
PutUsernameHere
Regular
I don't disagree, it's fucked that this amount of money can just be stolen through completely illegitimate transactions (story of our lives right?). Unfortunately, $15-20M spread across 3.5B shares is going to add like <$0.006 per share in value. Less legal costs. The only people that win are the lawyers, but if it meant enforceable imprisonment of the cunt and leaving him and his family completely broke, I'd still call it a win.
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