AVZ Discussion 2022

[zeeko]

A few points of interest which I'm curious of other's opinions on. Apologies if these have been pointedly discussed, there's a lot to sift through to find information. To be clear, I have no agenda (I only have about 200,000 shares) and I'm just trying to fill in gaps in my understanding of the situation, paths forward, and potential outcomes.

1. I've seen talk of a potential class action lawsuit moving forward should a sale of AVZ be below the ATH share price. Is there any legal basis for this? If the company's sole asset is sold and funds distributed to shareholders, then litigation would be aimed at management for some kind of dereliction of responsibilities? If there are any shareholders here who bought in at a high price, is this a path you would pursue (I bought in early so I'm not interested in going this route)? Considering the unfathomable trials and tribulations that AVZ has been through over the past several years, would there really be any chance of winning?

2. Amongst the exhaustive talk regarding a buyout price, some believe AVZ should stick to arbitration should an offer be "too low". If that were the case, do you guys/gals believe that we would actually see any return on our investments regardless of time frame? Thus far the DRC have ignored court rulings and it doesn't seem there have been any significant consequences yet. I'm aware of the longer reach of the ICSID, however, could the DRC simply work with China and, financially at least, come out in a similar or better situation?

3. Some feel that the deposit will be stranded should we continue arbitration and this is leverage for a higher buyout price. Based on what has happened to the northern tenement, what recourse would we have if the same thing happened in the south and the DRC did nothing about it?

4. Again regarding the continued arbitration option, I've seen threats that should the AVZ case move forward, that corrupt actors in the DRC will be exposed. However, it sure seems that corruption is blatantly and shamefully obvious to the point of hilarity so this doesn't really seem like a convincing argument. Am I missing something?

TIA and here's hoping for a swift and rewarding resolution very soon!

 

[KentCStrait]

1. I've seen talk of a potential class action lawsuit moving forward should a sale of AVZ be below the ATH share price. Is there any legal basis for this? If the company's sole asset is sold and funds distributed to shareholders, then litigation would be aimed at management for some kind of dereliction of responsibilities? If there are any shareholders here who bought in at a high price, is this a path you would pursue (I bought in early so I'm not interested in going this route)? Considering the unfathomable trials and tribulations that AVZ has been through over the past several years, would there really be any chance of winning?

This is a realistic worry. Doesn't matter if there is a legal basis for it. One of our resident dickheads like Shane or Lenny stirs up a few people, organises a class action and our funds are going to be held up and drained by lawyers.

2. Amongst the exhaustive talk regarding a buyout price, some believe AVZ should stick to arbitration should an offer be "too low". If that were the case, do you guys/gals believe that we would actually see any return on our investments regardless of time frame? Thus far the DRC have ignored court rulings and it doesn't seem there have been any significant consequences yet. I'm aware of the longer reach of the ICSID, however, could the DRC simply work with China and, financially at least, come out in a similar or better situation?

I believe should we see out ICSID we will win and win a big time settlement. I also believe we will never ever see a cent of that settlement. I think it's incredibly naive to think ICSID is our way out of this.

3. Some feel that the deposit will be stranded should we continue arbitration and this is leverage for a higher buyout price. Based on what has happened to the northern tenement, what recourse would we have if the same thing happened in the south and the DRC did nothing about it?

I think it is fantasy to think the deposit will be stranded should we continue arbitration. The DRC has clearly shown it does not respect contract law, ICC, or ICSID. I predict no matter what happens to us, someone will be well underway to mining it by this time next year.

4. Again regarding the continued arbitration option, I've seen threats that should the AVZ case move forward, that corrupt actors in the DRC will be exposed. However, it sure seems that corruption is blatantly and shamefully obvious to the point of hilarity so this doesn't really seem like a convincing argument. Am I missing something?

I think certain shareholders are overly emotional given everything we've been through and looking for vengeance. And I certainly understand that. But I really don't care. It's not my fight. I just want my money so I can move on with my life.

 

[Carlos Danger]

View attachment 89860

Not about winning the ARBITRATION matters is getting paid...!
Surely you UNDERSTAND what is really going on...!...imo
ENFORCEMENT is a good word...!
Nigel should have taken some big action, and removed MR G J of the board...imo

True words from a TRUE AVZ SH ...imo

I think certain shareholders are overly emotional given everything we've been through and looking for vengeance. And I certainly understand that. But I really don't care. It's not my fight. I just want my money so I can move on with my life.

The lesson of the pied piper you dumb fuck is to always pay people what they’re owed

If you invite someone into your town to do a job. Whether that be to clear a rodent problem or to define a resource. Then they need to get paid.

Otherwise they will get retribution one way or another imo

 

[Dazmac66]

This is a realistic worry. Doesn't matter if there is a legal basis for it. One of our resident dickheads like Shane or Lenny stirs up a few people, organises a class action and our funds are going to be held up and drained by lawyers.


I believe should we see out ICSID we will win and win a big time settlement. I also believe we will never ever see a cent of that settlement. I think it's incredibly naive to think ICSID is our way out of this.


I think it is fantasy to think the deposit will be stranded should we continue arbitration. The DRC has clearly shown it does not respect contract law, ICC, or ICSID. I predict no matter what happens to us, someone will be well underway to mining it by this time next year.


I think certain shareholders are overly emotional given everything we've been through and looking for vengeance. And I certainly understand that. But I really don't care. It's not my fight. I just want my money so I can move on with my life.

What a load of shit. Why aren't they mining it now if the don't care about ICSID. It has been measured and proven for 4 years.

 

[Hudnut]

A few points of interest which I'm curious of other's opinions on. Apologies if these have been pointedly discussed, there's a lot to sift through to find information. To be clear, I have no agenda (I only have about 200,000 shares) and I'm just trying to fill in gaps in my understanding of the situation, paths forward, and potential outcomes.

1. I've seen talk of a potential class action lawsuit moving forward should a sale of AVZ be below the ATH share price. Is there any legal basis for this? If the company's sole asset is sold and funds distributed to shareholders, then litigation would be aimed at management for some kind of dereliction of responsibilities? If there are any shareholders here who bought in at a high price, is this a path you would pursue (I bought in early so I'm not interested in going this route)? Considering the unfathomable trials and tribulations that AVZ has been through over the past several years, would there really be any chance of winning?

2. Amongst the exhaustive talk regarding a buyout price, some believe AVZ should stick to arbitration should an offer be "too low". If that were the case, do you guys/gals believe that we would actually see any return on our investments regardless of time frame? Thus far the DRC have ignored court rulings and it doesn't seem there have been any significant consequences yet. I'm aware of the longer reach of the ICSID, however, could the DRC simply work with China and, financially at least, come out in a similar or better situation?

3. Some feel that the deposit will be stranded should we continue arbitration and this is leverage for a higher buyout price. Based on what has happened to the northern tenement, what recourse would we have if the same thing happened in the south and the DRC did nothing about it?

4. Again regarding the continued arbitration option, I've seen threats that should the AVZ case move forward, that corrupt actors in the DRC will be exposed. However, it sure seems that corruption is blatantly and shamefully obvious to the point of hilarity so this doesn't really seem like a convincing argument. Am I missing something?

TIA and here's hoping for a swift and rewarding resolution very soon!

200,000 shares at the last trade share price is $156K
Even at 1c it's $2K.
At 10c it's $20K

I can't believe anyone would be that ill informed with that amount of cash on the line.

 

[KentCStrait]

What a load of shit. Why aren't they mining it now if the don't care about ICSID. It has been measured and proven for 4 years.

They’re not mining it today because you don’t just roll up and start digging — you need infrastructure, financing, and logistics in place. That takes time. But the fact remains: KoBold has already signed an agreement with the DRC that clearly expresses their intent to mine the site. That alone shows how little the DRC cares about ICSID.

And just to be clear — even Zijin hasn’t started production in the north yet. They’re not slated to produce until 2026.

I stand by what I wrote: no matter what happens to us, by this time next year someone will be well underway to mining it. We’ve done all the planning for them — they just have to stroll in and start building.

Or hey, maybe you’re right and I’m talking shit. The DRC is a beacon of the rule of law, contracts are sacred, corruption doesn’t exist — and ICSID is the golden ticket that saves us all.

 

[Roger2018]

Doesnt china already own 30 odd percent of AVZ? isnt that what the voting % was with those MMGA losers? What im getting at is if a US company wants to buy it, Chinese shareholders are going to dig their heels in unless they get a fair price, they know the value of AVZ.

 

[Xerof]

They’re not mining it today because you don’t just roll up and start digging — you need infrastructure, financing, and logistics in place. That takes time. But the fact remains: KoBold has already signed an agreement with the DRC that clearly expresses their intent to mine the site. That alone shows how little the DRC cares about ICSID.

And just to be clear — even Zijin hasn’t started production in the north yet. They’re not slated to produce until 2026.

I stand by what I wrote: no matter what happens to us, by this time next year someone will be well underway to mining it. We’ve done all the planning for them — they just have to stroll in and start building.

Or hey, maybe you’re right and I’m talking shit. The DRC is a beacon of the rule of law, contracts are sacred, corruption doesn’t exist — and ICSID is the golden ticket that saves us all.

Yes, you’re talking shit
Kobold do not get it unless AVZ gets fair compensation. Otherwise ICSID for them too
I think AVZ would love DRC to sell it again, ideally to someone with decent assets at hand, and being a signatory to ICSID.

 

[Xerof]

If you are a 30% owner of AVZ, regardless of the colour of you skin, or shape of your eyes, would you be happy if the BOD would sell your investment for 1, 10, or 50% of its true value, or would you support the BOD to fight for a fair deal?

Just an honest question.

When you have failed to steal the asset, of course you’d want the best return on your equity investment

Exactly what CATH’s done Kim

 

[Roger2018]

If you are a 30% owner of AVZ, regardless of the colour of you skin, or shape of your eyes, would you be happy if the BOD would sell your investment for 1, 10, or 50% of its true value, or would you support the BOD to fight for a fair deal?

Just an honest question

Thats kind of what im getting at, people here stressing about low ball offers being accepted. At the end of the day china aint going to part with their 30% for bread crumbs or a bowl of rice.

 

[Hudnut]

They’re not mining it today because you don’t just roll up and start digging — you need infrastructure, financing, and logistics in place. That takes time. But the fact remains: KoBold has already signed an agreement with the DRC that clearly expresses their intent to mine the site. That alone shows how little the DRC cares about ICSID.

And just to be clear — even Zijin hasn’t started production in the north yet. They’re not slated to produce until 2026.

I stand by what I wrote: no matter what happens to us, by this time next year someone will be well underway to mining it. We’ve done all the planning for them — they just have to stroll in and start building.

Or hey, maybe you’re right and I’m talking shit. The DRC is a beacon of the rule of law, contracts are sacred, corruption doesn’t exist — and ICSID is the golden ticket that saves us all.

Producing and mining aren't the same thing.

And this shitshow has been going for a few years. More than enough time to get started.

Don't be obtuse.

 

[Rechnerhand]

Trafigura-led consortium aims to finalise US loan deal by end-2025 - Lobito corridor happy, Kobold happy ... transportation of Li (Added value) no pain point afterwards (do not forget the Tin)

 

[pow4ade]

I think certain shareholders are overly emotional given everything we've been through and looking for vengeance. And I certainly understand that. But I really don't care. It's not my fight. I just want my money so I can move on with my life.

The emotion seems to be directly related to the size of one's financial exposure. Holding a relatively modest parcel, mostly free carried, I'm more sanguine about the outcome which affords me a healthy measure of objectivity I feel.

Yet some of the more strident voices would have got set early with a killer average, only to then chase the run-up to a dollar or more, and blowing their average before getting trapped by the TH.

Hence the mutterings of class-actions, vengeance against corrupt actors, ridicule of fellow holders as trolls, plus threats to journos, and their families! Rather than take personal responsibility for their reckless investing, it's someone's else fault.

Even an embarrassing public plea by NF for some self-restraint is ignored!? Clown world.

 

[Xerof]

Still you

 

[Bin59]

https://x.com/KiengeKki/status/1958013673651257478

KIKI KIENGE

@KiengeKki

8pm

Implementation of the Doha process!

Exceeding the expected deadline

The deadline for concluding a comprehensive peace agreement was August 18. This deadline was not met, raising concerns about a possible interruption of the process.

Obstacles to the preconditions of the M23

Before resuming discussions, the M23 movement calls for the prior execution of essential commitments, including the release of detainees.

As for the Congolese government, it perceives this issue as a negotiating point rather than a precondition.

A draft agreement transmitted on August 19 to both parties by Qatar:

Implementation phases with clear timetable:

Day 0: Signing of the agreement.

+30 days: first meeting of the Multilateral Monitoring Mechanism.

+60 days: end of Phase I.

+120 days: end of Phase II.

+180 days: end of Phase III.

Post-agreement calendar:

2026: launch of a national dialogue and implementation of an Economic Recovery Plan.

2027: organization of free, fair and transparent elections in the affected region.

Implementation of key mechanisms:

Creation of an Interim Special Force, with a 5-year renewable mandate if necessary (section 8.a).

Development of a Comprehensive Economic Recovery Plan, to be announced before the end of Phase III (Article 15).

Establishment of a Mechanism of Truth and Reconciliation before the conclusion of Phase III (Article 16).

Kiki #Kienge

 

[Xerof]

Thanks @Bin59 for your research, I really appreciate it.
I don’t see any other relevant news being put out here, but it’s all in the Zero Trolls conversation.

 

[Xerof]

If you mean this one - not yet, as discussions with Kobold and other parties are incomplete, and if you had done more research you’d know that nothing will come of that framework agreement until AVZ is provided with a fair compensation, as stated by Kobold in their breathlessly hurried first announcement

Not sure which announcement you are referring to though, is there another one out there that my extensive research may have missed? If so, please include a link and I’ll see what I can make of it

If you would like to participate in well researched and open discussions on the subject, please converse with @Winenut and he will consider you for an invite to the ZERO TROLLS conversation

oh, wait…….yeh nah on that

 

[zeeko]

200,000 shares at the last trade share price is $156K
Even at 1c it's $2K.
At 10c it's $20K

I can't believe anyone would be that ill informed with that amount of cash on the line.

I see it as my initial investment on the line, which is a low average share price seeing as I got in early. Additionally, I had realistically low expectations of success with this company, all things considered. Do people really follow every detail of each stock they have $2k in, especially the dumpster fire of the past few years? I know a handful of people who have more shares than me who don't have the slightest idea of what's going on, so not that hard to believe.

 

[zeeko]

Before talking about the Omnibridge class action, I would start with investigating what that class action is all about.
You could be wasting tour time.
I am just being kind here.

Taking in account your first posts on here where you wrote, you have held your shares for about 5 years, one can assume you paid between 5 and 10 cents for your shares.
So would you like to take the BOD to court if they sell let's say for 20 cents, or even worse for 10 cents?

Btw, I hope you worked out getting the shares registered in your own name, so you can receive your money when AVZ monetises its Manono Lithium and Tin discovery.

I wasn't referring to the past class action, but what might happen in the future. Maybe they're one in the same, but I'm not sure which is why I'm asking.
Yes, timeline and share price are correct.
No, I would not take part in any litigation against the BOD as I feel they've done an exemplary job under the circumstances regardless of arguments of non-disclosure.
As I mentioned, I contacted AVZ directly regarding share registry and they informed me that it was not necessary to register with Atomic.
Cheers

 

[Hudnut]

Do people really follow every detail of each stock they have $2k in

If they are the type to internet search and join a forum 3 years ago and make posts about that stock, they do.