AVZ Discussion 2022
- Thread starter GazDix
- Start date
I hope so. Can't wait for season one of:
The Congolese Apprentice
Twenty Congolese are each given $1,000,000 in funds misappropriated from the bank account of an honourably intentioned international investor.
They have one week to renovate a lemonade stand and turn it into a thriving business. The contestant deemed most capable of grasping this opportunity to escape poverty will be declared the next Apprentice.
By Monday lunchtime they're all wearing European tailored suits and designer sunglasses. A new Rolex can be seen on each wrist as they put their hands out for aid money.
But there is no aid money because the Congolese NGO responsible for managing it has moved to the Cayman Islands, and they aren't responding to requests for a statement of their accounts.
Meanwhile the lemonade stands have mostly been stripped for scrap, except one now occupied by Chinese gangsters using it as a front to trade stolen minerals. The Congolese responsible for this stand masks its illicit operation by selling a health tonic made from diesel and lemon juice*.
With all but one contestant now out of funds and crying poor the production team decide to end the show on Tuesday morning. However when all contestants gather for the big finale the stage collapses due to poor quality construction materials and a complete lack of engineering know how.
Despite the event being caught on camera no one is held responsible because the construction firm is owned by the DRC President's brother. Instead the production team receives invoices totalling $8,000,000 for the stage which on closer inspection appears little more than a stack of cardboard boxes and old shipping pallets covered by a sheet.
The production team complain about the costs and workmanship only to have DRC courts uphold the invoices and cancel their filming permit.
For season two another production team is lured in by anti-corruption promises and empty claims that the DRC is open for business with an improved investment climate.
*
This DRC product is real and not made up for my post.
Nailed it!
Skar
Regular
Don't know about the rest of you guys but geez I had a tough day on the market today
At least AVZ's share price is holding steady....
I was down 5 digits for most of the day and then some how finished up 4 digits... C1X carrying most of that load
Buy the battery minerals they said, it'll be fun. Yeah naah - my share market career is done. Get out of this AVZ shit then try and go green on RNU and NEVER look at a trading platform or chat forum again! Gaawwwn.Don't know about the rest of you guys but geez I had a tough day on the market today
At least AVZ's share price is holding steady....
Given that Cominiere's only lithium asset is a 25% stake in our project, it sounds like Manono has been offered on the short-list disguised as a state owned asset. Either this is in direct contravention of Article 4 - Strategic Asset Reserve, point 5 below (couldn't clip the bottom off so ignore article 5 heading):
Or the intention is that we receive a suitable offer to quietly go away and pretend everything is nice and legal. Then again it does say "between the parties" which suggests to me it only applies to international legal obligations between DRC and USA.
Not sure whether to be angry or quietly confident. Perhaps I'll settle for agryfident until our next official update.
Until you stumble across an under-the-radar explorer in elephant territory with near-surface bonanza grades across wide intervals and a low buy-in price.
Cheers
F
I think (hope) that if the DRC had previously offered KoBold Monano and that DRC had said it would be up to KoBold to sort AVZ out, any potential partner would just slot in where KoBold left off with the DRC gifting Cominiere's share to the buyer of AVZ's share
NOPE - go as hard as you can young fella, I'm out! Sitting in the tinny on the Pumicestone Pasaage catching whiting with a coldie in hand.
Hypothetical scenario:I think (hope) that if the DRC had previously offered KoBold Monano and that DRC had said it would be up to KoBold to sort AVZ out, any potential partner would just slot in where KoBold left off with the DRC gifting Cominiere's share to the buyer of AVZ's share
1) DRC wants to look like everything is all legal and they aren't thieving, dishonourable, low life, self serving, short sighted, greedy, aid grabbing, untrustworthy... (15 mins and 2 pages later) arseholes.
2) We want to get paid fair value to quietly go away.
Therefore we pause arbitration preventing (for now) a final award that confirms point 1 above in the international courts. This allows our project to be added to the SAR list making various incentives and guarantees applicable. Now multiple parties currently in discussions with us can have greater confidence in buying us out and thanks to US government finance schemes applicable to SAR projects can afford to offer us a fairer price.
We take the best offer and leave Africa to the hyenas. USA gets the lithium and DRC pretend they never screwed us.
Upgrading my mood to cautiously optimistic.
Maybe I am in the boat next to you …
Hodlandwin69
Regular
Last time I checked on the CAMI cadastre map portal, cominiere had 100% of PR13359.... So maybe that's that.
I imagine it'll end like this.
Cominiere make the sale to a US company such as Kobold for a miniscule amount, with the condition they pay AVZ a large amount to drop their claim for Manono
How do you think the ICSID would receive this? Which US company is going to buy a deposit encumbered by an advanced world bank arbitration case? I can foresee another interim order stopping the DRC from offering PR13359 from being included on the auction list of no acceptable deal is tabled.
Hodlandwin69
Regular
This is the exact leverage AVZ have. It can go to auction because AVZ want to sell it. AVZ will set the floor price, if AVZs minimum tenable value is not reached, then they would ask ICSID to impose an interim order, if it's a good value, then why would AVZ seek to pause the sale??
Ahh I see what you are thinking?
As I understand it the CAMI cadastre isn't the legal authority on the matter and in our case what it says is incorrect. That's part of why we're in court. The DRC has been ordered by the court to restore the correct ownership into our name for the south with ownership of the north to be amended once the court can unravel this mess.
But DRC want to pretend everything they did was legal. Politically connected criminals want to avoid prosecution. The state wants to avoid being exposed as entirely corrupt and unable to prosecute their criminal leadership. They want to save face, so that they can lure in more foreign wealth to embezzle.
On the surface it will likely appear to unfold as you imagine. But beneath it all the mining rights to Manono legally belong to us. That's the truth and it's why we must be paid to drop our case.
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