AVZ Discussion 2022

[Samus]

I'll tell you one thing, if I get ripped of by Donald Trump, Bill Gates and Jeff Bezos I'll be really fucked off!
You really know you're a fucking downtrodden bastard then!

 

[JNRB]

Dave …. Look forward to the day you do a podcast about this shitshow.

I think it will take a whole podcast to tell the story.

But I will need to be drunk to re-live this saga so will wait for the movie/trilogy.

 

[wombat74]

As someone pointed out somewhere else , is it not odd Kobold has not updated their web page regarding recent signing with DRC ?

 

[Goldenboy]

As someone pointed out somewhere else , is it not odd Kobold has not updated their web page regarding recent signing with DRC ?

8 days and counting down

 

[marksmann007]

 

[Xerof]

Good on Kiki, he’s on to it. I countered the shit being posted on HC that AVZ were simply playing a straight bat, and following procedure with ICSID

A number of dumb arses on here have tried the same negative narrative punctuated with hopium, as well as parroting the stupid fuckwit journalists at Australian and Mines.cd

They can’t see straight

 

[kulturica]

As someone pointed out somewhere else , is it not odd Kobold has not updated their web page regarding recent signing with DRC ?

Maybe it's because KoBold is now entering territory that is borderline illegal until they compensate us. It's not exactly ethical, and they don't want to promote it, but I think it's the only way this can be done. They have to obtain the mining licence first — which goes against the international court ruling — and then compensate AVZ. After that, everything becomes legal and they can promote it.
It might sound naive, especially after everything we've been through, but I just don’t believe they want to steal it. They’ve also publicly confirmed that, by stating that AVZ must be compensated.

 

[Flight996]

Good on Kiki, he’s on to it. I countered the shit being posted on HC that AVZ were simply playing a straight bat, and following procedure with ICSID

A number of dumb arses on here have tried the same narrative as well as parroting the stupid fuckwit journalists at Australian and Mines.cd

They can’t see straight

I think you have clearly articulated what many of us have understood for some time.

Robust journalistic scrutiny and analysis are regularly replaced by mindless regurgitation of previous commentary. Social media commentary also tends to suffer the same fate, but posters can be forgiven for not having all the tools and networks that are available to journalists.

While some articles, such as those in the Australian and AFR seem to be agenda-driven and clearly lack credibility, journalistic commentary generally is just a dumbed down approach with a word changed here and there to give the impression of independence. However, most tend to be just lazy versions of previous articles.

Whenever I read, KoBold Metals - backed by billionaires Bill Gates and Jeff Bezos, I just jog on in the knowledge that the article is probably just another vacuous copy and paste of someone else's copy and paste.

Oh, it's payday whoopee.

Cheers
F

 

[Uglybob]

Doing proper due diligence costs money. Are you going to spend a buttload researching everything, ready to put in a bid to AVZ if you think Kobold already have it sewn up? That's the angle Kobold have been playing, except half the field did their due diligence 2-3 years back and not only know the issues, but also who they need to grease and how much to make them go away.

I'll be quite surprised if the Chinese let this slip into US hands. They have worked very hard keeping their stranglehold on lithium supply. They have a solid record of manipulating lithium prices and trying to get Manono for nothing, but if their current options are to pay more or let it go to the US, I think they'd prefer to stump up the $$$ and keep it for themselves. The orange narcissist has the midas touch in reverse so I hold little hope of him getting this into US hands, but I believe his meddling has helped AVZ greatly.

 

[KentCStrait]

Good on Kiki, he’s on to it.

Amen to that.

It’s sobering to realise just how few people and organisations have acted with genuine integrity throughout this entire ordeal. Kiki has. Nigel and the current board have. Beyond that? Very slim pickings.

If there’s any criticism of Nigel and the board, it’s that they keep getting sucked in by these less-than-honorable operators — KoBold being the latest.

The world would be in far better shape if there were more Kikis.

 

[Xerof]

Canthelpyourself can you

 

[Strongman]

Maybe it's because KoBold is now entering territory that is borderline illegal until they compensate us. It's not exactly ethical, and they don't want to promote it, but I think it's the only way this can be done. They have to obtain the mining licence first — which goes against the international court ruling — and then compensate AVZ. After that, everything becomes legal and they can promote it.
It might sound naive, especially after everything we've been through, but I just don’t believe they want to steal it. They’ve also publicly confirmed that, by stating that AVZ must be compensated.

I reckon you nailed it Kulturica. If Kobold want this resource then this is the only way to proceed. There is no way known they are going to finalise the agreement with AVZ without securing an ironclad agreement with DRC first. To acheive this requires the undoing of all the shitfuckery that DRC et al have previously put in place and it would be virtually impossible to achieve this legally without bringing down the whole DRC govt including Felix so it is in Kobolds and everyone else's best interest to keep these negotiations confidential. Once this is bedded down Kobold can negotiate suitable compensation with AVZ then proceed with development complying with all relevant laws of DRC and internationally
Meanwhile respectfully and rightly AVZ will keep the pressure on via ICSID to make sure we achieve a satisfactory outcome.

 

[BEISHA]

View attachment 88829 View attachment 88830

Thanks for sharing mate............fuck i love KIKI !

True patriot.

 

[Jongo]

I reckon you nailed it Kulturica. If Kobold want this resource then this is the only way to proceed. There is no way known they are going to finalise the agreement with AVZ without securing an ironclad agreement with DRC first. To acheive this requires the undoing of all the shitfuckery that DRC et al have previously put in place and it would be virtually impossible to achieve this legally without bringing down the whole DRC govt including Felix so it is in Kobolds and everyone else's best interest to keep these negotiations confidential. Once this is bedded down Kobold can negotiate suitable compensation with AVZ then proceed with development complying with all relevant laws of DRC and internationally
Meanwhile respectfully and rightly AVZ will keep the pressure on via ICSID to make sure we achieve a satisfactory outcome.

Thanks for your post, and that from Kultrica. I consider your posts to be accurate and hence, I asked Copilot for a review of the content of the two posts. The Copilot response is ...
You’re right that the posts capture some core tensions, but they oversimplify how the DRC–KoBold–AVZ framework actually resolves the legal issues. Here’s my take:

1. “Borderline illegal until they compensate us”

• ICSID’s Procedural Order No. 3 bars the DRC from issuing a permit that would prejudice AVZ’s rights without guaranteeing compensation.
• The KoBold agreement addresses this by having KoBold deposit the 40% cash tranche into escrow before the permit is issued. That escrow guarantee means compensation is legally “locked in,” so permit issuance isn’t technically illegal under the interim measures.

2. “Obtaining the licence first, then compensating AVZ”

• In effect, permit issuance and compensation are paired: escrow release is triggered by the permit, but the escrow deposit must already be in place.
• This structure was designed to satisfy both the DRC’s desire to move forward on Manono and ICSID’s requirement to protect AVZ’s interests.

3. Confidential negotiations

• High-stakes mining deals in the DRC often involve sensitive diplomacy (U.S. strategic minerals push, DRC political stability, M23 peace process).
• Keeping term-sheet details under wraps isn’t nefarious—it protects leverage and avoids premature market or governmental backlash.

Bottom Line
The forum’s narrative—that KoBold is sidestepping the law until after they compensate AVZ—misses the escrow mechanism that ensures compensation is committed up front. In practice, the deal threads the needle between DRC political imperatives and ICSID’s interim relief requirements.

From me ...

• Imo your posts and the Copilot response confirms that everything is progressing well and highlights the need to ignore bullshit articles from The Australian and the AFR for example. I have not been reading most of the bullshit news articles, I just glance at the headlines and move on and turn to Copilot for realistic status updates.
• Copilot mentions a 40% cash tranche held in escrow. This point follows on from the expected 'Compensation Mechanism' detail that I posted here on TSE a week or so ago.

 

[Strongman]

Thanks for your post, and that from Kultrica. I consider your posts to be accurate and hence, I asked Copilot for a review of the content of the two posts. The Copilot response is ...
You’re right that the posts capture some core tensions, but they oversimplify how the DRC–KoBold–AVZ framework actually resolves the legal issues. Here’s my take:

1. “Borderline illegal until they compensate us”

• ICSID’s Procedural Order No. 3 bars the DRC from issuing a permit that would prejudice AVZ’s rights without guaranteeing compensation.
• The KoBold agreement addresses this by having KoBold deposit the 40% cash tranche into escrow before the permit is issued. That escrow guarantee means compensation is legally “locked in,” so permit issuance isn’t technically illegal under the interim measures.

2. “Obtaining the licence first, then compensating AVZ”

• In effect, permit issuance and compensation are paired: escrow release is triggered by the permit, but the escrow deposit must already be in place.
• This structure was designed to satisfy both the DRC’s desire to move forward on Manono and ICSID’s requirement to protect AVZ’s interests.

3. Confidential negotiations

• High-stakes mining deals in the DRC often involve sensitive diplomacy (U.S. strategic minerals push, DRC political stability, M23 peace process).
• Keeping term-sheet details under wraps isn’t nefarious—it protects leverage and avoids premature market or governmental backlash.

Bottom Line
The forum’s narrative—that KoBold is sidestepping the law until after they compensate AVZ—misses the escrow mechanism that ensures compensation is committed up front. In practice, the deal threads the needle between DRC political imperatives and ICSID’s interim relief requirements.

From me ...

• Imo your posts and the Copilot response confirms that everything is progressing well and highlights the need to ignore bullshit articles from The Australian and the AFR for example. I have not been reading most of the bullshit news articles, I just glance at the headlines and move on and turn to Copilot for realistic status updates.
• Copilot mentions a 40% cash tranche held in escrow. This point follows on from the expected 'Compensation Mechanism' detail that I posted here on TSE a week or so ago.

Yep agree with all of that for sure. No doubt the legal goings on here are going to be very complex hence the Kobold DRC agreement. The agreement is the start of some no doubt very intense neotiations

 

[PutUsernameHere]

Thanks for your post, and that from Kultrica. I consider your posts to be accurate and hence, I asked Copilot for a review of the content of the two posts. The Copilot response is ...
You’re right that the posts capture some core tensions, but they oversimplify how the DRC–KoBold–AVZ framework actually resolves the legal issues. Here’s my take:

1. “Borderline illegal until they compensate us”

• ICSID’s Procedural Order No. 3 bars the DRC from issuing a permit that would prejudice AVZ’s rights without guaranteeing compensation.
• The KoBold agreement addresses this by having KoBold deposit the 40% cash tranche into escrow before the permit is issued. That escrow guarantee means compensation is legally “locked in,” so permit issuance isn’t technically illegal under the interim measures.

2. “Obtaining the licence first, then compensating AVZ”

• In effect, permit issuance and compensation are paired: escrow release is triggered by the permit, but the escrow deposit must already be in place.
• This structure was designed to satisfy both the DRC’s desire to move forward on Manono and ICSID’s requirement to protect AVZ’s interests.

3. Confidential negotiations

• High-stakes mining deals in the DRC often involve sensitive diplomacy (U.S. strategic minerals push, DRC political stability, M23 peace process).
• Keeping term-sheet details under wraps isn’t nefarious—it protects leverage and avoids premature market or governmental backlash.

Bottom Line
The forum’s narrative—that KoBold is sidestepping the law until after they compensate AVZ—misses the escrow mechanism that ensures compensation is committed up front. In practice, the deal threads the needle between DRC political imperatives and ICSID’s interim relief requirements.

From me ...

• Imo your posts and the Copilot response confirms that everything is progressing well and highlights the need to ignore bullshit articles from The Australian and the AFR for example. I have not been reading most of the bullshit news articles, I just glance at the headlines and move on and turn to Copilot for realistic status updates.
• Copilot mentions a 40% cash tranche held in escrow. This point follows on from the expected 'Compensation Mechanism' detail that I posted here on TSE a week or so ago.

As long as the escrow account isn't held in the DRC

 

[Felix]

As long as the escrow account isn't held in the DRC

Hand on heart, I can’t really recommend RAWBANK, but I can put you on to a guy I know in Switzerland

 

[Slipperysucker]

Hand on heart, I can’t really recommend RAWBANK, but I can put you on to a guy I know in Switzerland

I've heard there's an awesome bank in Cypress

 

[Retrobyte]

Thanks for your post, and that from Kultrica. I consider your posts to be accurate and hence, I asked Copilot for a review of the content of the two posts. The Copilot response is ...
You’re right that the posts capture some core tensions, but they oversimplify how the DRC–KoBold–AVZ framework actually resolves the legal issues. Here’s my take:

1. “Borderline illegal until they compensate us”

• ICSID’s Procedural Order No. 3 bars the DRC from issuing a permit that would prejudice AVZ’s rights without guaranteeing compensation.
• The KoBold agreement addresses this by having KoBold deposit the 40% cash tranche into escrow before the permit is issued. That escrow guarantee means compensation is legally “locked in,” so permit issuance isn’t technically illegal under the interim measures.

2. “Obtaining the licence first, then compensating AVZ”

• In effect, permit issuance and compensation are paired: escrow release is triggered by the permit, but the escrow deposit must already be in place.
• This structure was designed to satisfy both the DRC’s desire to move forward on Manono and ICSID’s requirement to protect AVZ’s interests.

3. Confidential negotiations

• High-stakes mining deals in the DRC often involve sensitive diplomacy (U.S. strategic minerals push, DRC political stability, M23 peace process).
• Keeping term-sheet details under wraps isn’t nefarious—it protects leverage and avoids premature market or governmental backlash.

Bottom Line
The forum’s narrative—that KoBold is sidestepping the law until after they compensate AVZ—misses the escrow mechanism that ensures compensation is committed up front. In practice, the deal threads the needle between DRC political imperatives and ICSID’s interim relief requirements.

From me ...

• Imo your posts and the Copilot response confirms that everything is progressing well and highlights the need to ignore bullshit articles from The Australian and the AFR for example. I have not been reading most of the bullshit news articles, I just glance at the headlines and move on and turn to Copilot for realistic status updates.
• Copilot mentions a 40% cash tranche held in escrow. This point follows on from the expected 'Compensation Mechanism' detail that I posted here on TSE a week or so ago.

Where is CoPilot getting this 40% idea from? Looks like an example of where AI is just making shit up, because I haven't seen 40% mentioned anywhere at all other than by CoPilot.

 

[Samus]

Where is CoPilot getting this 40% idea from? Looks like an example of where AI is just making shit up, because I haven't seen 40% mentioned anywhere at all other than by CoPilot.

There's that much misinformation and bullshit around that it's impossible for AI to be even remotely accurate.