Who told youI’m told avz desperately tried to stop Kobold going on site and tried to serve them papers in the airport which cominiere thugs wouldn’t allow them to.
Way more likely they are preying on our carcass now and are not happy they were so badly found out. Hopefully find out soon enough
Ah well Kobold with their high ethical standards will have no choice but to abide by both ICC and ICSID ruling . In case they were not aware , they are now . No Trespassing and hands off until a final ICSID ruling , at which time they can make AVZ an offer $$$$ . They will just need to be patient for another 4 or 5 years . In the case they are also a bunch of corrupt criminals AVZ can sue them as well . And we know they can pay .I’m told avz desperately tried to stop Kobold going on site and tried to serve them papers in the airport which cominiere thugs wouldn’t allow them to.
Way more likely they are preying on our carcass now and are not happy they were so badly found out. Hopefully find out soon enough
'AVZ needed to acquire 75% of the shares of a joint venture with Cominiere and Dathomir in order to strengthen its position on the Australian stock market. The company had therefore offered Dathomir to buy 15% of its shares for $20 million. However, shortly after, Cominiere sold 15% of its shares to a Chinese company for a much higher amount, angering Dathomir'For fuck sake, this is the latest bullshit thatMills Tshibangu is now spreading on YouTube and Twitter.
Shareholders on X should focus a little more attention on thislies
Translated from French by
#RDC | #FINANCES "The financial scandal involving the mining company AVZ and the disappearance of 20 million US dollars is taking a new turn. The names of the Congolese authorities involved in this embezzlement of funds should soon be revealed. An extensive investigation has uncovered overwhelming evidence of corruption involving high-ranking officials who were allegedly bribed to favor AVZ in its dispute with state-owned Cominiere. A RawBank banking document details a series of suspicious withdrawals from an escrow account intended to finance these corrupt operations. As a reminder, AVZ needed to acquire 75% of the shares of a joint venture with Cominiere and Dathomir in order to strengthen its position on the Australian stock market. The company had therefore offered Dathomir to buy 15% of its shares for $20 million. However, shortly after, Cominiere sold 15% of its shares to a Chinese company for a much higher amount, angering Dathomir. Faced with this dispute, the Congolese justice system ordered the creation of a sequestered account. However, the funds in this account mysteriously disappeared. An investigation revealed that AVZ agents allegedly diverted this money to corrupt influential figures, including ministers, presidential advisers and financial inspectors. Investigative journalist Mills TSHIBANGU, who led the investigation, was prevented from revealing the names of the culprits at a recent press conference. However, the revelations promised this week should shed further light on this scandal that is shaking the Democratic Republic of Congo.
@Tshibangu_Mills
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I don't care what any of you say. You can not have had a worse, shit week than me.
The shitshow started when my wife accused me of ruining her birthday. Which is bullshit!
I had no idea it was her birthday.
Who told you![]()
For fuck sake, this is the latest bullshit thatMills Tshibangu is now spreading on YouTube and Twitter.
Shareholders on X should focus a little more attention on thislies
Translated from French by
#RDC | #FINANCES "The financial scandal involving the mining company AVZ and the disappearance of 20 million US dollars is taking a new turn. The names of the Congolese authorities involved in this embezzlement of funds should soon be revealed. An extensive investigation has uncovered overwhelming evidence of corruption involving high-ranking officials who were allegedly bribed to favor AVZ in its dispute with state-owned Cominiere. A RawBank banking document details a series of suspicious withdrawals from an escrow account intended to finance these corrupt operations. As a reminder, AVZ needed to acquire 75% of the shares of a joint venture with Cominiere and Dathomir in order to strengthen its position on the Australian stock market. The company had therefore offered Dathomir to buy 15% of its shares for $20 million. However, shortly after, Cominiere sold 15% of its shares to a Chinese company for a much higher amount, angering Dathomir. Faced with this dispute, the Congolese justice system ordered the creation of a sequestered account. However, the funds in this account mysteriously disappeared. An investigation revealed that AVZ agents allegedly diverted this money to corrupt influential figures, including ministers, presidential advisers and financial inspectors. Investigative journalist Mills TSHIBANGU, who led the investigation, was prevented from revealing the names of the culprits at a recent press conference. However, the revelations promised this week should shed further light on this scandal that is shaking the Democratic Republic of Congo.
@Tshibangu_Mills
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Wankers can write anything they want.
Courts will have the final say
Yeah but it's worth calling out this absolute low-life fucker "Mills Tshibangu" on every single platform available
Just sayin'....
Kobold doing due diligence? I am leaning towards a TO by Kobold. Lets not forget that Jack Ma is part of Kobold and we know that he plays to the tune of Xi. This could be the win win that Felix is looking for to save face with the chinese.Kobold thing is interesting. Assuming you can believe anything on social media nowadays, it seems like Kobold 1) has been to Manolo 2) has publically stated it is looking at assets in DRC including lithium and has made a bid for one resource 3) is a USA company and 4) seems to be backed by some deep pockets.
In light of the current legal proceedings, I doubt a US domiciled company would go looking at the resource or core library unless AVZ had given the green light. Nor are they going to collude with the DRC to steal the resource when they know there's an extremely high chance the various legal actions will find in favour of AVZ. You could conclude the only reason they are looking is they are considering buying AVZ out?
Kobold's public statement lends support to that, as does the recent talk of the USA paying for transport routes etc out of the DRC. And if the chatter about Kobold's backers is correct they would have the cash and clout to make it happen.
Plus Geo's teasers about good news.
Perhaps a deal such as Kobold buys out Roche Dure, Zijin get the North, DRC are off the hook with potential damages from the various court cases and AVZ shareholders get some cash from Kobold and get the hell out of the DRC.
Anyway, all pure speculation and I have no actual clue. Lets see. And if it is true will AVZ shareholders be screwed over anyway by a very low takeover price? (Beggars cant be choosers, bird in the hand, it'll be tied up in court for years, something is better than nothing and all that.)
It's equally possible the corrupt players in the DRC are trying to screw over AVZ again and/or that the entire Kobald thing is a fantasy.
IF correct, logic says they’re a hostile party so forget speculating about them coming to the rescueI’m told avz desperately tried to stop Kobold going on site and tried to serve them papers in the airport which cominiere thugs wouldn’t allow them to.
Way more likely they are preying on our carcass now and are not happy they were so badly found out. Hopefully find out soon enough
KoBold are a private company therefore are not required to disclose financial statements. However they have raised a total of $491,455,627 USD in their latest equity offering round as at 4th of October 2024 according to their SEC filings. Also they have multiple addresses listed online so the Berkeley location is likely just the official principal place of business but not a working office and their jurisdiction of incorporation is actually in Delaware.Bloody hope so, anyone been able to find Kobold Financials statements? Want to see how much cash they’re sitting on for any prospective purchase. Judging by their offices they’re running lean like a start up