AVZ Discussion 2022

Latest Development:
November 17, 2025 - The Tribunal suspends the proceeding at the request of the Claimant until February 27, 2026.
 

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BobTheCat

Emerged
Latest Development:
November 17, 2025 - The Tribunal suspends the proceeding at the request of the Claimant until February 27, 2026.
February? So we are expecting something to eventuate by then? There were some rumors/hearsay on the crapper about something being done by EOY, but I’m so used to being disappointed that I refuse to believe we’re close to the end.:rolleyes:
 
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Roon

Regular
February? So we are expecting something to eventuate by then? There were some rumors/hearsay on the crapper about something being done by EOY, but I’m so used to being disappointed that I refuse to believe we’re close to the end.:rolleyes:
We literally just waited from April for our rescheduled hearing to occur after the last suspension. There wouldn't be an immediate ruling after the hearing in any case, so why not just let it ride? Surely that would apply more pressure to get a result. And even if they couldn't get a deal done and the ICSID award came first, this would provide a price guide to negotiate from, and give an impetus to the DRC to remove the stain hanging over their 'open for business' mantra.

Though it seems an encouraging signal, I'm going to be fuming if February rolls around again and we have to restart the ICSID Proceedings without any headway towards a resolution, and have to wait again for another rescheduled hearing after wasting more time.

But hopefully this means that our management believe we are nearly across the line.
 
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If Nigel falls for the DRC's tricks again, I'm slowly losing my patience...By February, everything should really be settled.
 
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Xerof

Flushed the Toilet
This time is different - At the Claimants request, not a mutual agreement

Would suggest far more than a pause for ongoing discussions, as it was last time
 
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Skar

Regular
If Nigel falls for the DRC's tricks again, I'm slowly losing my patience...By February, everything should really be settled.

At the AGM the new ICSID suspension will need to be addressed and why it is different from that last one. I believe AVZ said the DRC refused to even talk to AVZ over the course of the last one, so why the delay again (at claimant request)?

We obviously wont get details of ongoing legal proceedings but body language and vibe, why they feel more confident now and are not just repeating the same mistakes of the past, might yield answers.
 
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Skar

Regular
if February rolls around again and we have to restart the ICSID Proceedings without any headway towards a resolution
This is exactly it... its in our detractors interests to stall and kick the can down the road to bleed our legal funding dry. Why is our own management doing it now over going full steam on litigation resolution. Thats what needs answering at AGM.

... that said one week out from AGM and suspending ICSID, is it even remotely possible Christmas might come early?
 
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Sangster

Regular
Not happy about further delays but perhaps it's out of necessity. It'll take that long for the Minister of Mines to embezzle a replacement jet and get back from Kolwezi.
 
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eqtrade

Regular
roughly it's a 3 month suspension. It's reasonable to believe there be some negotiations going on now, and it needs a bit of time to conclude.
 
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Flight996

Regular
Not happy about further delays but perhaps it's out of necessity. It'll take that long for the Minister of Mines to embezzle a replacement jet and get back from Kolwezi.

Here's $25m to put towards a new jet...


A report by the Inspectorate General of Finance has revealed the details of an opaque scheme involving funds intended for artists. Only $35,882 actually reached the intended recipients, while the rest of the money disappeared through cash withdrawals and questionable transfers. [...]

Why am I not surprised.

Cheers
F
 
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Randenj

Regular
roughly it's a 3 month suspension. It's reasonable to believe there be some negotiations going on now, and it needs a bit of time to conclude.
Thinking timelines and a possible best case scenario to justify this: When Rio bought Arcadia in October 2024, it took 3 months before approval could be gained by Rio shareholders (approval gained in December 2024).

Remove the players (only used as an example) timeline scenario is still valid.
 
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eqtrade

Regular
Thinking timelines and a possible best case scenario to justify this: When Rio bought Arcadia in October 2024, it took 3 months before approval could be gained by Rio shareholders (approval gained in December 2024).

Remove the players (only used as an example) timeline scenario is still valid.
we would be laughing for joy if we'll get another AGM resolution for a deal tabled just before the AGM.
 
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Dave Evans

Regular
We literally just waited from April for our rescheduled hearing to occur after the last suspension. There wouldn't be an immediate ruling after the hearing in any case, so why not just let it ride? Surely that would apply more pressure to get a result. And even if they couldn't get a deal done and the ICSID award came first, this would provide a price guide to negotiate from, and give an impetus to the DRC to remove the stain hanging over their 'open for business' mantra.

Though it seems an encouraging signal, I'm going to be fuming if February rolls around again and we have to restart the ICSID Proceedings without any headway towards a resolution, and have to wait again for another rescheduled hearing after wasting more time.

But hopefully this means that our management believe we are nearly across the line.
This is exactly it... its in our detractors interests to stall and kick the can down the road to bleed our legal funding dry. Why is our own management doing it now over going full steam on litigation resolution. Thats what needs answering at AGM.

... that said one week out from AGM and suspending ICSID, is it even remotely possible Christmas might come early?

I have to say that for a long time I thought you both flip flopped on your comments and I couldn’t understand why you wouldn’t just stick to supporting Nigel and the BOD. It’s a shame toilet isn’t here anymore because he would have loved to agree with you both and join in.

Anyway, I have to admit I agree with you both now. Obviously this decision by Nigel and the BOD was done on a whim with no rationale, thought process or confidential agreements in place.

In fact we can only assume that this latest debacle is the result of some very bad advice by DLA Piper.

It’s an absolute outrage, complete madness and I think we should all send our concerns to Messrs Carrick and Cong as well as to ASIC because I’m sure they are the answer to our prayers. Those of us truly God fearing shareholders that pray that is

Now where’s my flip flops?

Season 3 Episode 10 GIF by The Simpsons
 
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Xerof

Flushed the Toilet
Haha, well said @Dave Evans

don’t worry, toilet is moderating the fuck out of anything on a positive note over on the crapper
 
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Flight996

Regular
Haha, well said @Dave Evans

don’t worry, toilet is moderating the fuck out of anything on a positive note over on the crapper
I'm waiting for some bright spark on the other channel to come up with the totally credible line that the three-month ICSID suspension is because Nige and Graeme are in gaol, or have fled to Greece wearing a bad wig.
 
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Roon

Regular
I have to say that for a long time I thought you both flip flopped on your comments and I couldn’t understand why you wouldn’t just stick to supporting Nigel and the BOD. It’s a shame toilet isn’t here anymore because he would have loved to agree with you both and join in.

Anyway, I have to admit I agree with you both now. Obviously this decision by Nigel and the BOD was done on a whim with no rationale, thought process or confidential agreements in place.

In fact we can only assume that this latest debacle is the result of some very bad advice by DLA Piper.

It’s an absolute outrage, complete madness and I think we should all send our concerns to Messrs Carrick and Cong as well as to ASIC because I’m sure they are the answer to our prayers. Those of us truly God fearing shareholders that pray that is

Now where’s my flip flops?

Season 3 Episode 10 GIF by The Simpsons
Get real Dave. Providing support doesnt have to mean blind obedience without questioning what lies behind any decisions. Discussion of developments on a discussion forum? Blashphemy!

Lucky I don't much care what you think
 
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cruiser51

Top 20
Not happy about further delays but perhaps it's out of necessity. It'll take that long for the Minister of Mines to embezzle a replacement jet and get back from Kolwezi.
The MOM lost his paperwork in the crash and following fire, he needs 3 months to retrieve them.

Maybe team Felix stole them in the confusion after the accident.
 
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Skar

Regular
I have to say that for a long time I thought you both flip flopped on your comments and I couldn’t understand why you wouldn’t just stick to supporting Nigel and the BOD. It’s a shame toilet isn’t here anymore because he would have loved to agree with you both and join in.

Anyway, I have to admit I agree with you both now. Obviously this decision by Nigel and the BOD was done on a whim with no rationale, thought process or confidential agreements in place.

In fact we can only assume that this latest debacle is the result of some very bad advice by DLA Piper.

It’s an absolute outrage, complete madness and I think we should all send our concerns to Messrs Carrick and Cong as well as to ASIC because I’m sure they are the answer to our prayers. Those of us truly God fearing shareholders that pray that is

Now where’s my flip flops?

Season 3 Episode 10 GIF by The Simpsons

I call them as I see them with the limited amount of information I have. Maybe you can peer behind the curtain a lot more or operate on information I don't have?

For what its worth I support the BOD in so far as I think they are our best option going forward but I do want answers why they requested another suspension (I have speculated its because of GOOD things and they obviously can't give details until finished).

As Roon said support and blind obedience are different things. I want what is in my best interests, ROI, despite what I have staked on the line, I try not to get emotional about it.
 
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Seaworthy

Member
Reminds me of a comment from Jens on X a week or 2 ago, didn't know what it really meant at the time, still don't ...

1763515609351.png
 
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Strongman

Regular
Reminds me of a comment from Jens on X a week or 2 ago, didn't know what it really meant at the time, still don't ...

View attachment 93129
Yeah i was confused by that post by Jens at the time. Didn't know if he was talking about mining licence or ICSID. Have always taken what Jens says with a grain of salt but seems this time he was on the money.
Have been feelin really flat past month or so but this has really lifted me back to a positive frame of mind. Comment above by @Randenj re finance approval timeline for Acadia buyout by Rio dovetails perfectly.
 
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