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Exactly like that - except with some triumphing quote like "persistence over pain"One of these perhaps?
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P.s. when was this from? My initial investment must've been late to the party.
Exactly like that - except with some triumphing quote like "persistence over pain"One of these perhaps?
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Muks, it’s somewhere in this document, I’ve just forgotten what page the compensation (damages) was listed on
Page 139 from first glance.Thanks Dave, at 167 pages I'll get the AI to have a look!
Here's a truncated version of unknown provenance. I got it from someone who got it from the boyfriend of someone's brother.Thanks Dave, at 167 pages I'll get the AI to have a look!
Ka'Pow Shhmachim hard...Anyone in the market to buy AVZ outside of China will do it on the condition that the ML is returned back to AVZ and then onsold. This (almost) makes the jurisdiction risk a non-issue as they will have the backing of the US government. Anyone talking below $1.50 has rocks in their head IMO, if any smart businessperson had the option to buy AVZ with US backing or 2x PLS they would buy the money printing machine every day. That's not even mentioning that PLS isn't in the market to sell and the US wants critical minerals NOW.
The 6.2b USD claim at ICSID equals 9.5b AUD, roughly ~$2.7 AUD per share (not including damages, just the asset price) and you think anyone that is talking over $1.50 is retarded? That's an 80% premium!
All court cases are clear cut so far and the arbitrators won't look to the DRC actions so far with a smile on their face. It isn't like we don't have that much of a leg to stand on.
I don't understand why everyone thinks we still don't hold the cards? Kobolds screaming from the rooftops that they want us to be paid fair value (not an 80% premium) for a deposit that's going to make them rich for multiple decades.
Simply all 3 (AVZ, DRC & Kobold) need to get in a room and thrash it out, nobody leaves until it is done.Given the latest announcement, I believe this is the current situation.
AVZ have exposed all the corrupt pigs running the DRC and they're just so offended by that they've refused to talk with AVZ.
By the excitement displayed by Kobald, it would appear that the DRC have told them they can have Manono south already.
But with it tied up in the courts by AVZ, there's no way they would or could take on that risk, as well as the reputational damage. They would be complicit in DRC corruption if they pulled a Zijin.
So they have to pay off AVZ.
It looks like there is no relationship or communication between AVZ and DRC.
I think AVZ could reasonably say "nup" untill at least all time high value is offered.
While I am here in Bali I drink Draft Bali Hai less of a hangover , in Legion at the moment if you want a beerMy error re the following point ... too many Bingtangs.
"AVZ/DRC ICSID deferment was for 1 month rather than 1 week."
What I was thinking was rather than have the deferral ending one week after 15-Jun, the date on which the peace discussions became serious, it would have been better to specify a deferral end date of at least 1 month from 15-Jun. However, because AVZ/DRC only specified a deferral end date of 23-Jun, the too short deferral has created a problem. However, I am hopeful that the definitive peace agreement will be achieved on 27-Jun, after which this hiccup with the deferral being too short will be a minor incovenience that will be insignificant.
Regarding the following point, I posted a few weeks ago that FT is probably simply keeping his friends close and keeping his enemies closer.
"DRC appointed the ceo of Cominière as one of their advisors for the negotiations of minerals for security deal."
@zeeb0t are you happy to allow this new member to advertise on your website? I believe this is the 10th different persona to join this week and then spam.
The DRC say they own the rights to Manono . What's stopping them selling Roche Dure to Kobold ? What's stopping Kobold from appropriately compensating AVZ to drop disputes and walk away ? The ball is in Kobold's court . IMO .
@PutUsernameHere, I got mine at the March 2020 major shareholders meeting in Perth.Exactly like that - except with some triumphing quote like "persistence over pain"
P.s. when was this from? My initial investment must've been late to the party.
AVZ signed an MOU with Kobold to walk away for appropriate compensation. That cannot happen without AVZ dropping legal proceedings .There's nothing stopping the DRC trying a lot of the dumb shit they try
I just don't believe anyone will want to pay a bunch conmen billions of dollars for a resource that's ownership rights are very publicly being looked at in international courts.
But who knows, trust no one
$12USD
AVZ signed an MOU with Kobold to walk away for appropriate compensation. That cannot happen without AVZ dropping legal proceedings .
So we can take Kobold off the squeaky clean list right there . The AVZ /DRC saga wasn't a secret . Kobold thought AVZ was dead in the water when they visited Manono Aug/Sep last year . Kobold were not on holiday sight seeing and stumbled onto the ground of Manono . They had an invite .
Hi Pokok, I am in Sanur, but I will pass on the beer because with the traffic it would be a bit difficult to get to Legian and back, and besides I am busy with family activities each day.While I am here in Bali I drink Draft Bali Hai less of a hangover , in Legion at the moment if you want a beer,
Anybody speak French?
Curious what the guy at 2:20 is on about, autotranslate is unreliable.
Not sure if he is just unpacking an article verbatim, or he is giving a local perspective.
possibly at the request of our own court jester - which is why they refuse to deal with it now?AVZ signed an MOU with Kobold to walk away for appropriate compensation. That cannot happen without AVZ dropping legal proceedings .
So we can take Kobold off the squeaky clean list right there . The AVZ /DRC saga wasn't a secret . Kobold thought AVZ was dead in the water when they visited Manono Aug/Sep last year . Kobold were not on holiday sight seeing and stumbled onto the ground of Manono . They had an invite .
Except there is a zero missing off the 20 year revenue figure. It's not $4bn over 20 yearsNice find @cruiser51 ....great article, everybody should read that
As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre.possibly at the request of our own court jester - which is why they refuse to deal with it now?
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Imo nobody but china will touch roche dure while there are legal ownership disputes
As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre.
KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
Was doing the rounds early this month .The guy who wrote it ,Dieudonne Buanali ,is Kibeya's lackey boy .Where's this from?