AVZ Discussion 2022

[BRICK]

Our main claim at the ICSID is for the the restoration of our rights to the tenement and for the Mining Licence to be granted to Dathcom

As the damages claim in that link says AVZ is seeking $6.2b USD in damages for our 75% holding of Dathcom due to the destruction in value of the Manono project

The $2b USD being claimed for Dathcom is for the 25% belonging to Cominiere

The other $1b USD being claimed for the breach of the FROR of refusal by Cominiere and the $394k USD for legal fees takes it up to around $9.6b USD

There is also an undetermined amount for repetitional damage against Cominiere

It is worth noting this is filed in the ICC case against Cominiere but I’d imagine the claims at the ICSID are based on the same math

Also Zijin and Cominiere's claim for damages at the ICC valued AVZ's 75% at around $4.5b USD from memory

So we are seeking both the restoration of our rights and damages if the rights aren’t going to be restored by the DRC

9card once posted (included in the replies) a guide to this where he said:

‘So this is where it gets a little tricky - ICC's power over DRC land transfer and ownership rights is 50/50 from what i can tell. But that is up to the arbitrator, if they do not believe the DRC will follow through, then they pretty weak from what i can tell, but ICC and ICSID for that matter will generally rule for monetary damages as remedy.’

I remember another post where 9card talked about Fasken trying to get DLA to choose restoration or damages but the ICSID dismissed it

So long story short the ICSID will need to look at the likelihood of the DRC following their orders before deciding what to award us

And given the fact that the DRC haven’t put the south back in our name as ordered by the ICSID in January 2024. Plus have failed to engage with AVZ management during the agreed suspension that should have led to an end to the ICSID case with the sale to KoBold. My bet is we are getting the damages of $6.2b USD plus legal fees imo

This last paragraph says it all for me. Thanks Carlos.

Ill wait it out on principle to see how it plays out in court and good luck flogging the site to someone else if and when we win.

 

[wombat74]

If the DRC don't sh1tcan Kobold I expect Kobold to buy out AVZ . Watch for Kobold news . IMO

 

[Carlos Danger]

Well put together Carlos. Thank you. Also thanks to Dave for pulling up the document referencing the damages claim. That was what I was looking for. I have spent a fair bit of time looking it over now that ICSID is back on the agenda.

As you have said Carlos the DRC have shown no interest in complying with ICSID orders thus far. So it would seem that awarding damages would be the most logical outcome.

How likely is it in your opinion that the arbitrators will adjust our damages claim?

This last paragraph says it all for me. Thanks Carlos.

Ill wait it out on principle to see how it plays out in court and good luck flogging the site to someone else if and when we win.

If the DRC don't sh1tcan Kobold I expect Kobold to buy out AVZ . Watch for Kobold news . IMO

I think we will get the full damages at the ICSID. Possibly higher but most likely it will be the $6.2b USD. The claims against Cominiere will be factored in too either through the ICC or rolled into the ICSID so we should get that other $1b USD for the breach of FROR as well.

But I haven’t given up on the DRC restoring our rights at least for the south just yet

The Australian reported in March that ‘The Trump administration is poised to insist control of the massive lithium deposit be handed back to AVZ’

As a wise man one once said ‘We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing’

Same could be said for DRC and Rwanda imo

 

[wombat74]

I think we will get the full damages at the ICSID. Possibly higher but most likely it will be the $6.2b USD. The claims against Cominiere will be factored in too either through the ICC or rolled into the ICSID so we should get that other $1b USD for the breach of FROR as well.

But I haven’t given up on the DRC restoring our rights at least for the south just yet

The Australian reported in March that ‘The Trump administration is poised to insist control of the massive lithium deposit be handed back to AVZ’

As a wise man one once said ‘We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing’

Same could be said for DRC and Rwanda imo

View attachment 87615

Scrubbing the DRC clean .

 

[Carlos Danger]

Scrubbing the DRC clean .
View attachment 87616

The other part of it was 'US State Department officials confirmed they want to boost “responsible and transparent” development of DRC’s critical minerals'

If AVZ can get rat fucked by China

Then the gringos can also get rat fucked by Chyyyyyyyyyna

And the gringo king won't tolerate that shit imo

 

[BRICK]

I think we will get the full damages at the ICSID. Possibly higher but most likely it will be the $6.2b USD. The claims against Cominiere will be factored in too either through the ICC or rolled into the ICSID so we should get that other $1b USD for the breach of FROR as well.

But I haven’t given up on the DRC restoring our rights at least for the south just yet

The Australian reported in March that ‘The Trump administration is poised to insist control of the massive lithium deposit be handed back to AVZ’

As a wise man one once said ‘We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing’

Same could be said for DRC and Rwanda imo

View attachment 87615

How gold was that comment today from Trump
Interesting days

 

[Mining8]

I think we will get the full damages at the ICSID. Possibly higher but most likely it will be the $6.2b USD. The claims against Cominiere will be factored in too either through the ICC or rolled into the ICSID so we should get that other $1b USD for the breach of FROR as well.

But I haven’t given up on the DRC restoring our rights at least for the south just yet

The Australian reported in March that ‘The Trump administration is poised to insist control of the massive lithium deposit be handed back to AVZ’

As a wise man one once said ‘We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing’

Same could be said for DRC and Rwanda imo

View attachment 87615

 

[KentCStrait]

Jens playing pretend again.

He talks like he’s still in the room — but it’s obvious he’s out of the loop and just talking shit. The guy flip-flops more than a fish on a dock.

One minute he’s telling people not to post price targets. The next, he’s floating sub-$2 like it’s gospel. One minute he’s warning you not to criticise the DRC. The next, he’s calling them corrupt and bankrupt.

Let’s not forget — Jens has 8 million shares and has already sold down enough to cover his original outlay. He’s walking away with millions regardless of outcome. So of course he’s relaxed about a lowball result — he’s not the one facing real losses.

And if this ends up going to a shareholder vote, don’t kid yourself — he’s not “managing expectations,” he’s softening the blow to make a lower number palatable and protect his own position.

Oh, and the constant back-and-forth with Shane East wood? Enough already. Everyone knows Shane’s a nut — Jens just needs to shut the fuck up and stop feeding him.

 

[Azzler]

Jens playing pretend again.

He talks like he’s still in the room — but it’s obvious he’s out of the loop and just talking shit. The guy flip-flops more than a fish on a dock.

One minute he’s telling people not to post price targets. The next, he’s floating sub-$2 like it’s gospel. One minute he’s warning you not to criticise the DRC. The next, he’s calling them corrupt and bankrupt.

Let’s not forget — Jens has 8 million shares and has already sold down enough to cover his original outlay. He’s walking away with millions regardless of outcome. So of course he’s relaxed about a lowball result — he’s not the one facing real losses.

And if this ends up going to a shareholder vote, don’t kid yourself — he’s not “managing expectations,” he’s softening the blow to make a lower number palatable and protect his own position.

Oh, and the constant back-and-forth with Shane East wood? Enough already. Everyone knows Shane’s a nut — Jens just needs to shut the fuck up and stop feeding him.

Take your X drama back to X.

 

[cruiser51]

Paul Kagame is still alive and having a ball, so he is not as dead as a door nail, as certain people hoped and should be able to sign the DRC - Rwanda deal in Washington soon, or Trump will ask him if he knows what the fuck he is doing.