Completely agree, AVZ should have nipped this in the bud ages ago, but at the same time, why wasnt Zijin crying from the roof tops from the getko if they felt injustice , rather than dropping the bomb just prior to ML being approved ?What I m annoyed about is that AVZ allowed this matter to drag out for so long and failed to address the last 15 % to bring our ownership to 90% earlier and bring it to a head.
They kept reporting " in discussion with Govt and progressing well".
Obviously discussing with wrong part of the Govt else how could Z make these claims.
What should have been the most awaited, important and company building moment in 5 years (License approval) is soured by these shenanigan's by Z
AVZ Should have resolved this issue one way or another last September instead of ignoring it.
I invested big in this company believing the new Govt was legit and transparent in its dealings. It now seems I was wrong.
I can now understand why AVZ struggles to get a non Chinese Investor/partner on board like EU or USA.
Hoping the right outcome is delivered soon rather than later.
Why didnt the DRC cry foul alot earlier ?
I understand that the corrupt officials have already spent $6/7 million of the $33m received by Zijin as " payment " for the 15% on snacks, entertaiment, goods etc.............WTF ?
This is a FILTHY look on the DRC govt, they are the ones that need to rectify, or all their future plans for prosperity to their people will be delayed big time and their newly found reputation for transparency.........tossed out the window.
Shit show at its finest
imo