Haha, just imagine the risk premium on DRC bonds.
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AVZ Discussion 2022
- Thread starter GazDix
- Start date
Haha, just imagine the risk premium on DRC bonds.
A bet that the country is changing?
No thanks. I took that bet once before and it didn't work out so well.
These bonds need to be printed on paper to have any real value. Soft, strong, three ply paper.
Xerof
Flushed the Toilet
and white, not brown…..
Interesting to see what this translate into
Link: https://x.com/CadastreMinier/status/2016092606518751673?s=20
Link: https://x.com/CadastreMinier/status/2016092606518751673?s=20
I would call this a "Stand up comedy", but they are all sitting down - maybe its a "Slap stick comedy" because we all know they need a good beating.
Link: https://x.com/MinMinesRDC/status/2016100648274502077?s=20
Link: https://x.com/MinMinesRDC/status/2016100648274502077?s=20
Guess who the cat dragged in. My interpretation is that our X Lawyer saying that things went pear shape because Nigel would allow agreements to be re-negotiated at the expense of AVZ.
Linke to the video: https://x.com/Vianney_Light/status/2016129933802651653?s=20
I think this is a new video
Linke to the video: https://x.com/Vianney_Light/status/2016129933802651653?s=20
I think this is a new video
Jacob Kiraz
Regular
Any offers lately, just remember what the shareprice was at suspension and what this share is really worth
Based on auto translate he claims:
1) After AVZ bought their share of the project and completed the feasibility study the Congolese wanted to renegotiate the price they'd previously accepted and wanted AVZ to share the project with a bunch of other companies. I interpret this to mean dividing our project amongst others who wanted ongoing payments rather than just a once off extra payment. Head of CAMI used to do this, nothing got approval unless a few percent of the project was given to a minor company owned by someone he controlled, allowing him to skim profits from the project every year. AVZ refused, problems follwed.
2) He says the escrow account (that he neglects to mention he controlled) was used to bribe Congolese officials in an attempt to obtain our mining permit. If our own lawyer was making the claim that certainly explains the AFP raid. Not saying I believe him mind you, I figure he stole the money, aligned with Cominiere, and spun that story to try and deflect justice.
So this corrupt prick is saying that AVZ followed the mining code and honoured all contracts! If he is squeaky clean why did he disappear for months?
He speaks in such a way as to say that AVZ were bad because they didn't share the project with a bunch of other companies that wanted a slice after AVZ paid for their shares and bore all the costs proving up the resource.
These other companies had no part in the process and only turned up once the project economics were known. My guess is these other companies were just shells existing only to skim profits for politically connected Congolese.
My impression from the way they speak is they both think that's how things work. That these other companies were entitled to a slice and AVZ were in fact bad for not sharing. There's mention of how strict AVZ was in their corporate governance as if that's a bad thing. They also say that whenever AVZ met with the Congolese there was s policy of always having at least four representatives from AVZ present.
Sounds to me like our board tried hard to avoid being incriminated by conduct the people they were dealing with expected as just part of doing business in Congo. When they didn't get their expected slice the Congolese turned coat and screwed over AVZ all the while thinking themselves justified.
Carlos Danger
Top 20
Dave Evans
Regular
Thanks for sharing those links @SilentOne
You could reply to the Minister of Mines querying how he expects any international investor to trust the people videoed in the room with billions of dollars and show him this video
As @Carlos Danger says, that video with Lukusa and Mills Tshibangu is old. Tshibangu released a lot of video interviews in the past, all full of bullshit
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