AVZ Discussion 2022

[9cardomaha]

Can Zijin delay the ICC hearing again ?

Zijin v AVZ - Zijin did request for additional documentation outside of discovery regarding MM, but this was rejected by the arbitrator (would have extended the first hearing on jurisdiction to about July to provide time for documents to be reviewed etc).

Following this there was a surprise 'schedule conflict with the arbitrator' and it was moved to July anyway....

Zijin could potentially try and delay again, with their legal team using the 'we should wait for outcomes of other cases' before this one, but i'm sure our counsel will tell them to fuck-off. I believe this notion won't be entertained by ICC either, since they raised the case first, so it should go first and since it impacts others, it only makes sense to go first, and then minimize the legal proceedings.

Undoubtedly, there are a lot of different routes Zijin can take to delay, but a lot of it comes down to both sides agreeing, and the arbitrator's decision. Though Zijin can keep submitting requests for bullshit and it could extend by 1-2 weeks at a time from what i understand.

 

[wombat74]

Zijin v AVZ - Zijin did request for additional documentation outside of discovery regarding MM, but this was rejected by the arbitrator (would have extended the first hearing on jurisdiction to about July to provide time for documents to be reviewed etc).

Following this there was a surprise 'schedule conflict with the arbitrator' and it was moved to July anyway....

Zijin could potentially try and delay again, with their legal team using the 'we should wait for outcomes of other cases' before this one, but i'm sure our counsel will tell them to fuck-off. I believe this notion won't be entertained by ICC either, since they raised the case first, so it should go first and since it impacts others, it only makes sense to go first, and then minimize the legal proceedings.

Undoubtedly, there are a lot of different routes Zijin can take to delay, but a lot of it comes down to both sides agreeing, and the arbitrator's decision. Though Zijin can keep submitting requests for bullshit and it could extend by 1-2 weeks at a time from what i understand.

Thanks mate . I think it's safe to assume the Chinese are going to stall this for as long as they can . When do alarm bells go off for us ? Surely we are not asking these questions in September or October . The Chinese first goal one would think is the drag this out to the elections .I'm just hoping Nigel has his plan B ready in place in case . He's going to need some special bull sh1t if we are still in the same situation come the AGM .Or special powers . Like invisible powers . imo

 

[CHB]

Thanks mate . I think it's safe to assume the Chinese are going to stall this for as long as they can . When do alarm bells go off for us ? Surely we are not asking these questions in September or October . The Chinese first goal one would think is the drag this out to the elections .I'm just hoping Nigel has his plan B ready in place in case . He's going to need some special bull sh1t if we are still in the same situation come the AGM .Or special powers . Like invisible powers . imo

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

 

[TDITD]

Great Post
What are your thoughts on a take over at a reasonable price to resolve this mess.
Surely Zijin does not want this to proceed to ICC ?

$12

 

[TDITD]

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

To be honest the Alarm bells should need replacing by now

 

[geo_au]

"I gotta gree with @cruiser51 and others, $1m donation from China for a disaster of that magnitude, just confirms that they dont give a fuckn shit about the DRC locals welfare, just there for the rape and pillage of minerals for self gain"

Clearly the CCP and its companies don't give a damn about its people, a mine in the north of china collapsed with miners trapped inside. The boss of the mine said it would cost too much to get them out so they were left to die. They more than likely were slave labourers from the prisons or wigars.

China's debt problem could spell the end for Xi jinping.

 

[BEISHA]

So i can update a few for everyone.

• AVZ v Cominiere - The one initiated by AVZ to stop the dissolution of Dathcom? - Emergency Injunction awarded May 2023 validating ICC jurisdiction, timetable to be set by September 2023
• Zijin + Cominiere v AVZ - The claim by the corrupt ones for $1.6b(?) against AVZ? - Jurisdiction hearing in July 2023 (if it is allowed to go forward)
• AVZ v Dathomir - The one initiated by AVZ to tell Cong to fuck off, no sellers remorse allowed - Timetable set by August 2023
• Zijin v AVZ - Jurisdiction hearing in July where ICC tells Zijin to 'go back to China'
• MMCS v Cominiere - Rendering verdict expected to come out in August 2023
• The claim for $500m because Nigel parked in Celestine’s allocated spot? - LOL
• Nothing Else

The second part is correct, the Zijin v AVZ hearing in July is to determine whether the ICC has jurisdiction for the case given Zijin isn't a shareholder. According to JVA you can't initiate an ICC case against a JV member unless you are also a JV member.

The first part needs a small addition: Zijin didn't launch the case to validate the 15% ownership. Even if the ICC decides to hear the case, the ICC only recognizes that Zijin is a JV member but they didn't request an ICC decree or mandate to confirm.

Zijin would then have to go back to the DRC with this ICC recognition and continue the fight locally, or launch another case to validate their 15% similar to AVZ v Dathomir.

Edit: actually no they can't launch another ICC case since they aren't a JV member, so go back to DRC, use ICC as precedence and confirm that they don't have shit


If ICC rules that it does not have jurisdiction over Zijin v AVZ, this will slam the door in Zijin's face. We will likely submit to have the joint case dismissed since it's basically the AVZ v Cominiere one with Zijin included for shits and giggles.

Thanks for the information about the various cases and their respective date lines, folks just need to realise that these are just hearings atm , the time elapse between that and verdict is another matter all together, who knows how long that will take aka MMCS, which appeared to be a open and shut case, but yet here we are many months later, verdict still pending.

Its for that reason i hope ZIJIN bluff ( ROFR ) blows away before July ICC arbitration, cause a verdict may or may not happen before DRC elections, in fact no guarantee of any of the various ICC cases involving AVZ getting a verdict before then, which could mean Manono is in limbo and at the mercy of a new corrupt president if China can sway the vote as @tonster66 is alluding to in previous posts.

imo

 

[wombat74]

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

Agree 100% . It's only natural investors want to believe in a positive outcome . Management announcing on several occasions they are confident of a positive outcome does lift spirits , even with month after month whizzing by . I think that has now worn off . Plan B Nigel . Show us the money and hurry the f--k up .

 

[BEISHA]

You were hoping Felix's point of the trip to China was to get Manono started with AVZ?

Lol, come on mate. Be somewhat realistic.

Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....

China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.

We will find out soon enuff if FT is Chinas puppet or the real deal.......

Jury is out atm

 

[BEISHA]

Alarm bells for everyone should have been ringing that we've had to go ICC to start with instead of strong government support.

100%

 

[Cumquat Cap]

Over on the other channel there was a post surmising that there has been too much bad blood between Cominiere and Zijin for $Avz to entertain a TO at this stage which has now been moderated and deleted, another poster questioned this which has also been moderated and deleted. Wondering if a TO is in fact in train and progressing behind closed doors?

 

[Mr Inappropriate]

View attachment 37416

With the exception of Z, no-one is buying out AVZ without the ML, Shirley?

#FuckZijin

 

[Cumquat Cap]

Sadly, I highly doubt it - this sucks badly

 

[Carlos Danger]

With the exception of Z, no-one is buying out AVZ without the ML, Shirley?

#FuckZijin

Apparently Twiggy thought he could do it. Would need some iron clad guarantees from the DRC government but it is possible a wild card could emerge imo

 

[Hudnut]

Iron clad guarantee? DRC?

 

[Carlos Danger]

Iron clad guarantee? DRC?

Someone has to mine it

 

[Onthefm]

Apparently Twiggy thought he could do it. Would need some iron clad guarantees from the DRC government but it is possible a wild card could emerge imo

And fairy dust , a few woodpecker lips and it would be all go.

 

[Frank]

Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....

China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.

We will find out soon enuff if FT is Chinas puppet or the real deal.......

Jury is out atm

*President Puppet on a Huawei Digital string coming to a Town / Gov Department near you

 

[Remark]

The problem with taking a million dollars from the Chinese is that 2 hours later you want another million....

Thank you, I'm here all week.

 

[CHB]

The problem with taking a million dollars from the Chinese is that 2 hours later you want another million....

Thank you, I'm here all week.

The problem with taking a million from the Chinese is...where's the other $20M that's not reported and who's pocket did it go into