AVZ Discussion 2022

[geo_au]

schmi1000

@schmi1000
·
7am

@Presidence_RDC@julienpalukucom@anskalambayi As a government, I would grant a mining license to Dathcom (AVZ Minerals) right now, because according to the IGF, everything is clear if they go to court, they will lose everything and more, the evidence is overwhelming.

 

[ozmacca]

As a regular holder I’m just ready for this to be done. People spruiking silly numbers, would I take ATH? Absolutely . Given the shit show I’d be more than happy with this.
I’m not gonna lay out here my reasons as (as noted before) it just provides ammo.
The “WeChat” crew, cool I’m happy for ya but feel for us other LTHs who just see you gloating about info we don’t have. It’s a kick in the guts guys, have some empathy for farks sake. Would be great if you could keep your intel wins to the ‘Chat’ so us suckers don’t have to sniff for crums.
I had some similar (I thought) intel around December last year and it meant piss all.

Soz for downer post, the end for us seems hard (maybe it’s the wines)…

 

[David Krappenschitz]

Who cares what number of carrés there are if AVZ creates a void at Manono, and who cares what parties take up said void, assuming a TO. However this is all certainly relevant if AVZ stays on, even though AVZ has commenced the procedures to take the DRC Government to court in the US of A. Not a big deal right? Come on, the relationship with the DRC Gov is dead and buried, if there ever was one.

Just like oil and water going forward I would think.

Anyway, not long to wait now until the mystery is solved.

I should say, this dialog reminds me of a great little and old time number from Jimmy Durante. I'd say Nigel has oscillated between "did you ever have the feeling that you wanted to go and still had the feeling that you wanted to stay?"

Yes, well that song is vintage and way past the recollection of most here, but somewhat relevant based on recent events over the last few months IMO and how Nigel has most likely felt over the many months that have gone by.

Have a good weekend ladies and lads, see you next week.

As a shareholder who knows sfa about what’s happening here, I find the statement that ‘the relationship with the DRC Gov is dead and buried’ rather perplexing in consideration of the general positive sentiment from all you holders in the WeChat.
Would have thought a positive outcome would require some sort of repaired relationship with drc government ?

 

[RHyNO]

Only a fool goes to a gun fight they can't win .

I’d love to see the evidence that Nigel isn’t a fool. Love to see it

 

[Mr Clean]

No news from the man with the three nuts ?

I heard Pete’s operating for free now. Just out of spite. Good lad. Let the rage flow through ya mate. You’re becoming one of us quicker than you think

 

[Fletch77]

No news from the man with the three nuts ?

 

[JAG]

No news from the man with the three nuts ?

Plenty of news Clarky, didn’t you receive it

I’m gonna take both your nuts

 

[SilentOne]

My thoughts are that it really has nothing to do with a relationship with the DRC Government. There is no such thing in this context.

The Car Saleman sells the only car he has multiple times and what?, the buyers are damaging the relationship by asking for what they have paid for. The Salesman's feelings are hurt.

When this happens multiple times then its clear the Salesman doesn't believe in either ethics, law or any relationship. It is simply a cash grab.

What makes this even sadder, he has sold his mother, brother and sister the same car.

More often than not the villain in all instances plays the victim with his hands outstretched crying "PLEASE SIR CAN I HAVE SOME MORE" to the World Bank.


This is only a story and not based on actual events or people. To resolve the issue Special "K" needs to be thrown under the bus.

SilentOne

Litigation normally follows and the relationship has not changed or moved because there was never one.

There is no relationship as trust is what the world pivots on.

 

[wombat74]

.....but zijin were the ones who came into the fight....

They may have called the fight but they ain't showing up .Already 2 time ICC no show . We all know this is scare and stall tactics . They will kick the ICC can down the road again come October if it gets that far . imo

 

[CHB]

They may have called the fight but they ain't showing up .Already 2 time ICC no show . We all know this is scare and stall tactics . They will kick the ICC can down the road again come October if it gets that far . imo

To be fair them being able to kick the can down the road is them currently winning.

AVZ needs the court cases to happen and they're not allowing it.

 

[Xerof]

To be fair them being able to kick the can down the road is them currently winning.

AVZ needs the court cases to happen and they're not allowing it.

Although ICC has drawn a line in the sand, being September/early October at the latest.

 

[CHB]

Although ICC has drawn a line in the sand, being September/early October at the latest.

Yep let's hope that is it. Was stupid of the judge to allow extension.

The unfortunate thing is it doesn't mean there will be a decision around then. Could still mean months before anything is decided.

 

[wombat74]

To be fair them being able to kick the can down the road is them currently winning.

AVZ needs the court cases to happen and they're not allowing it.

Yes and no . It may also encourage them to find a resolution . AVZ are not going away . The asset remaining frozen benefits no one . Anyway according to those in the know all will be revealed very shortly and we can all move on . IMO

 

[Samus]

Isn't this first ICC hearing just to see if Zijin's original claim is even valid considering the terms of the existing Dathcom JV contract were breached?
Surely arbitrator can't fuck around umming and arring too long and if Zijin loose then presumably their original claim gets thrown out.
It's just stupid it's taken so long in the first place. This arbitration shit is a fucking joke when time means money.

 

[CHB]

Yes and no . It may also encourage them to find a resolution . AVZ are not going away . The asset remaining frozen benefits no one . Anyway according to those in the know all will be revealed very shortly and we can all move on . IMO

We should squeeze their balls then. I think I've said before, we should play hard to get for all the shitfuckery they've caused.

Regarding the rumours..been plenty of those in the past. Need some actual outcomes announced

 

[BRICK]

How much does it cost them to delay vs showing up?
We’ve all been through that bullshit legal tactic. Spend fuck all to Delay as long as they can I reckon.

 

[cruiser51]

No news from the man with the three nuts ?

The compound interest rate time bomb is ticking.
I wonder if Celestine, FT, DRC Minister of Finance and mates have done a rough calculation.
Current interest rate figure used by ICSID for damages calculation is 2% above US Prime rate of 8.25%, or 10.25%, to be paid in US dollars, not DRC Francs.

On Cominiere/Zijin assessment of US$ 5.66 billion for AVZ's 75%...

First year interest US$ 580,000,000
second year interest US$ 640,000,000
third year interest US$ 705,000,000

Or after 3 years the total interest accrued due to the delay will be US$ 1,925,000,000, or AUD$ 2,860,550,000, or AUD$0.72 per AVZ share.

And there is more, fourth year interest US$ 777,460,000, etc, etc, etc.



The penalty interest rate pays easily for building the mine and start working and developing CdL simulteaniously, plus paying a dividend while in construction phase.
Maybe Felix gets the hint now to hurry up

To be honest I would not be surprised that if not negotiating now, they are shitting themself.

Felix got from Xi a pat on the back and a bunch of roses, but not the open cheque book he had hoped for.

 

[Penskefile]

As a regular holder I’m just ready for this to be done. People spruiking silly numbers, would I take ATH? Absolutely . Given the shit show I’d be more than happy with this.
I’m not gonna lay out here my reasons as (as noted before) it just provides ammo.
The “WeChat” crew, cool I’m happy for ya but feel for us other LTHs who just see you gloating about info we don’t have. It’s a kick in the guts guys, have some empathy for farks sake. Would be great if you could keep your intel wins to the ‘Chat’ so us suckers don’t have to sniff for crums.
I had some similar (I thought) intel around December last year and it meant piss all.

Soz for downer post, the end for us seems hard (maybe it’s the wines)…

Spot on. If Jag was serious about mitigating the risk of Zijin sympathisers and downrampers picking up said favourable news he would’ve remained silent. Even more ridiculous was that he posted the information on a CCP-controlled platform.
Bottomline is that he’s FOS and knows no more about the current state of play than the next person and all he is trying to achieve out of this is attention

 

[cruiser51]

Spot on. If Jag was serious about mitigating the risk of Zijin sympathisers and downrampers picking up said favourable news he would’ve remained silent. Even more ridiculous was that he posted the information on a CCP-controlled platform.
Bottomline is that he’s FOS and knows no more about the current state of play than the next person and all he is trying to achieve out of this is attention

Who is this fukhead??

 

[cruiser51]

Who is this fukhead??

Christ sake first tries to join WeChat and after getting cold shoulder, starting to mouth of about WeChat.

I could come up with a few frustrated characters.