Make an educated guess as to how long we have left until the money runs out without funds being acquired. It's a listing rule for a reason. I said just before the AGM last year that I thought we had enough money until Octoberish based on then burn rate minus the fact that drilling had concluded and I reckon I'm still on the money.What the fuck would you do with this information? How would that be handy
Ahhh the millions we spent on that last bit of drilling…..don’t get me started on that ffsMake an educated guess as to how long we have left until the money runs out without funds being acquired. It's a listing rule for a reason. I said just before the AGM last year that I thought we had enough money until Octoberish based on then burn rate minus the fact that drilling had concluded and I reckon I'm still on the money.
Clear attempt by the various corrupt parties to tie up avz's limited cash reserves... asking for courts to take cash security across the various cases...
These are the ICC penaltiesI didn't realise we were having further crack at getting the penalties paid out.... thought icsid didn't have the power... nice...
View attachment 67316
Not that they will have cash to pay... but, could initiate other dominoes...
I didn't realise we were having further crack at getting the penalties paid out.... thought icsid didn't have the power... nice...
View attachment 67316
Not that they will have cash to pay... but, could initiate other dominoes...
Ah, read that rather simply.. cheers for the correction roon.These are the ICC penalties
Also, where is Cominiere going to come up with 550k for costs? Will their Zijin buddies pay?
How I see this now is nothing to see hear till well into the new year
We should get a decision by the ICC on the liquidation of Cominiere's fines relatively soon. The arbiters are clearly sick of their shit based on trend of decisions so far and today's announcement. Problem is Cominiere won't pay. But that will influence future decisions and flow into the ICSID case. It's obvious that it will take years for us to get anything out of this without a negotiated outcome. The DRC are very keen on having 'diverse' partners for this project. And they're willing to play the long game to get it imoHow I see this now is nothing to see hear till well into the new year
Wow. I couldn't work out why Locke wasn't being given the security package of the 20m USD in escrow. This explains it.
Wow. I couldn't work out why Locke wasn't being given the security package of the 20m USD in escrow. This explains it.
"Allegations of unauthorised transactions involving the Company's escrow account in the DRC."Wow. I couldn't work out why Locke wasn't being given the security package of the 20m USD in escrow. This explains it.
The Company has resolved to appoint a new legal counsel in the Democratic Republic of Congo. Draw a conclusion out of that."Allegations of unauthorised transactions involving the Company's escrow account in the DRC."
Allegations ? The money has either been stolen or it hasn't .
Unauthorised transactions WTF is going on Nigel, give us a tiny piece of good news, anything."Allegations of unauthorised transactions involving the Company's escrow account in the DRC."
Allegations ? The money has either been stolen or it hasn't .