No price. I did not sell. I moved entire holding, in kind, from one account to another at a different institution, I am the holder of both accounts. It was just a transfer.what price did you get?
After all possible avenues of negotiation for a favourable outcome are extinguished . One where AVZ hold minimum 51% and the ML . Which could mean AVZ 51% CATH 24% Zijin 15% DRC 10%......OR......... We get bought out . Has to happen before it gets to the ICC . imoAt what point does AVZ finally break silence and begin using the body of evidence against the Chinese and the corrupt players. There seems to be a an increasing number of Congolese who have had a gutful of being screwed.
If Zijin finishes up with 15% (I hope bribery does not get rewarded), they will have to buy into the development and carry 15% of the development, they will not be free carried.After all possible avenues of negotiation for a favourable outcome are extinguished . One where AVZ hold minimum 51% and the ML . Which could mean AVZ 51% CATH 24% Zijin 15% DRC 10%......OR......... We get bought out . Has to happen before it gets to the ICC . imo
Good one there CruiserIf Zijin finishes up with 15% (I hope bribery does not get rewarded), they will have to buy into the development and carry 15% of the development, they will not be free carried.
Therefore there is no need to sell 24% to Cath. It could well mean AVZ 60%, Cath 15%, Zijin 15% and DRC 10%.
It would mean AVZ operator and the Chinese block or any single entity cannot override AVZ.
I mentioned this type of proposal a fair while ago now, before the bribery news broke ( Zijin & Cominiere )If Zijin finishes up with 15% (I hope bribery does not get rewarded), they will have to buy into the development and carry 15% of the development, they will not be free carried.
Therefore there is no need to sell 24% to Cath. It could well mean AVZ 60%, Cath 15%, Zijin 15% and DRC 10%.
It would mean AVZ operator and the Chinese block or any single entity cannot override AVZ.
Dathomir.....I mentioned this type of proposal a fair while ago now, before the bribery news broke ( Zijin & Cominiere )
But it also included Zijin compensating AVZ a percentage for capital works already under taken to get RD to the DFS stage, which ultimately got 3 favourable opinions to be awarded the original ML decree.
That proposal should also include Zijin paying full market value for the 15%, not the pissant $33m which they have only paid a deposit for snacks at this stage
Having Zijin in the equation makes my gut wrench, but it does provide a pathway regards to " harmonious relations " within Dathcom and get RD moving in the right direction towards construction / production if the agreements are iron clad and irrevocable.
But we also have the Dathomir drama with the other 15% dispute, which is slated to go thru ICC arbitration too...
How does AVZ navigate that horse shit ?
Do we have a outcome of the MMCS dispute yet ?
So many moving parts to this crappola situation it makes my head spin !!
9.3 months to go before DRC elections.........
2.2 months to go to " celebrate " 12 months of extended suspension.......
What a fucking glowing endorsement for other international coys to invest in DRC hey ?
NOT !!
If @AvzMinerals insults our gvt I will take part for my country.
But in all their claims I have never read where #AVZ insults our gvt.
Instead, I saw #AVZ claiming its rights.
Claiming your rights rhymes with insulting?
Let's support our country in the path of truth!
TCB
Regardless of who is taking who to the ICC arbitration, we have 3 cases to be heard and pending..Dathomir.....
AVZ has gone to the ICC for the Dathomir case, not the Zijin case.
(AVZ is simply answering to Zijin's subsidiary's claim).
The Lubumbashi Court decided they did not have the power to decide Dathomir's claim.
Is Dathomir defending its case for the ICC?
I am very curious how that plays out.
I don't assume or guess anything, as I simply have not seen the contracts signed by AVZ and Dathomir.
I believe the, by both parties, signed Sales contracts' wording will determine that outcome.
If there are no provisions for change of contract value, I would say game over for Dathomir.
Otherwise AVZ will have to come to some sort of settlement with Dathomir.
Good afternoon Beish,Regardless of who is taking who to the ICC arbitration, we have 3 cases to be heard and pending..
a) MMCS v Cominiere 5%
b) Zijin ( ROFR )
c) Dathomir - agreement then supposed rescind ..................( Cong accused AVZ bod director Graeme Johnston of forgery and took him to court with reports he was found guilty and sentenced to 3 yrs jail )................all bullshit, confirmed by Johnston when i met up with him at the AGM...........
All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election, whereby they will be secretly designing FT downfall and providing brown paper bags for the next fuck wit president to take over ensuring they get control of Manono and continue the never ending cycle of corruption and raping / pillaging of DRC mining assets for their own selfish gain............a scenario that has taken place for over 30 yrs.
So, with that bearish scenario in mind, AVZ longs no doubt will have to be prepared for a compromise if we all want AVZ to get back trading again in a reasonable time frame this year.........a win, win , win scenario whereby Zijin gets what it wants within reason, FT gets what he wants ( harmonius relations within Dathcom , RD moving forward, giving the locals what they want and a chance to be re elected ) and AVZ longs get a chance to get the fuck out...........or stay.
Just my tea leaves opinion.
"All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election."Regardless of who is taking who to the ICC arbitration, we have 3 cases to be heard and pending..
a) MMCS v Cominiere 5%
b) Zijin ( ROFR )
c) Dathomir - agreement then supposed rescind ..................( Cong accused AVZ bod director Graeme Johnston of forgery and took him to court with reports he was found guilty and sentenced to 3 yrs jail )................all bullshit, confirmed by Johnston when i met up with him at the AGM...........
All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election, whereby they will be secretly designing FT downfall and providing brown paper bags for the next fuck wit president to take over ensuring they get control of Manono and continue the never ending cycle of corruption and raping / pillaging of DRC mining assets for their own selfish gain............a scenario that has taken place for over 30 yrs.
So, with that bearish scenario in mind, AVZ longs no doubt will have to be prepared for a compromise if we all want AVZ to get back trading again in a reasonable time frame this year.........a win, win , win scenario whereby Zijin gets what it wants within reason, FT gets what he wants ( harmonius relations within Dathcom , RD moving forward, giving the locals what they want and a chance to be re elected ) and AVZ longs get a chance to get the fuck out...........or stay.
Just my tea leaves opinion.
"All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election."
Mate this is why I say it's very important this gets sorted before it gets to the ICC case in April. The ICC to me equals long game in play with the MoM blessing , because she wont have the balls to pull the rug on AVZ and she can't go against her Chinese masters . Getting very close now to knowing how we go moving forward .I'll go out on a limb and say we will have a result be the end of this month . imo
Regardless of who is taking who to the ICC arbitration, we have 3 cases to be heard and pending..
a) MMCS v Cominiere 5%
b) Zijin ( ROFR )
c) Dathomir - agreement then supposed rescind ..................( Cong accused AVZ bod director Graeme Johnston of forgery and took him to court with reports he was found guilty and sentenced to 3 yrs jail )................all bullshit, confirmed by Johnston when i met up with him at the AGM...........
All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election, whereby they will be secretly designing FT downfall and providing brown paper bags for the next fuck wit president to take over ensuring they get control of Manono and continue the never ending cycle of corruption and raping / pillaging of DRC mining assets for their own selfish gain............a scenario that has taken place for over 30 yrs.
So, with that bearish scenario in mind, AVZ longs no doubt will have to be prepared for a compromise if we all want AVZ to get back trading again in a reasonable time frame this year.........a win, win , win scenario whereby Zijin gets what it wants within reason, FT gets what he wants ( harmonius relations within Dathcom , RD moving forward, giving the locals what they want and a chance to be re elected ) and AVZ longs get a chance to get the fuck out...........or stay.
Just my tea leaves opinion.
Hi NellsGood afternoon Beish,
In my opinion, there is NO WAY that the AVZ board would contemplate even in the slightest to go into any sort of agreement/partnership with Zijin. Zijin will not have any part of Manono nor will they have anything to do with Manono!!!!
Zijin can go and get fu.ked!
Good luck to everyone as this hasn't been easy, but hopefully we are nearing the finish line!
Until next time,
Cheers Nells xxx
I have mentioned this before, but i would really like to call Zijin bluff and stay the course with the April 2023 ICC arbitration, maybe they will pull out if they realise the weight of evidence is against them ( IGF report, AVZ strong documentation ) one of Chinas fallibility is they dont like getting embarrassed on the world stage, its a open court proceeding, not their preferred option, MMCS got embarrassed even tho no ruling as yet......"All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election."
Mate this is why I say it's very important this gets sorted before it gets to the ICC case in April. The ICC to me equals long game in play with the MoM blessing , because she wont have the balls to pull the rug on AVZ and she can't go against her Chinese masters . Getting very close now to knowing how we go moving forward .I'll go out on a limb and say we will have a result be the end of this month . imo
As long as ICC Doesn’t take 2 more years I’m good with that also, No one wants to be locked up anymore that we have…I have mentioned this before, but i would really like to call Zijin bluff and stay the course with the April 2023 ICC arbitration, maybe they will pull out if they realise the weight of evidence is against them ( IGF report, AVZ strong documentation ) one of Chinas fallibility is they dont like getting embarrassed on the world stage, its a open court proceeding, not their preferred option, MMCS got embarrassed even tho no ruling as yet......
Will China risk a second dose ?
ICC arbitration is only 41 days away as per Spikerama daily count...........not that far away.
There is still plenty of time to "compromise" after the initial hearing, should matters not be as clear cut ....
One way or another, you would want to see a path way to construction of RD no later than June.
imo
Haha, I think you have made it loud and clear that you want out Cashy.....As long as ICC Doesn’t take 2 more years I’m good with that also, No one wants to be locked up anymore that we have…
We went from Land Locked to cash locked huh..
We have the Prettiest girl at the BALL..
Sell it Nige…
GLTAH
You watch those nature documentaries on the cable?"All of these cases have Chinas dirty little mits involved, designed to play the LONG game beyond the DRC election."
Mate this is why I say it's very important this gets sorted before it gets to the ICC case in April. The ICC to me equals long game in play with the MoM blessing , because she wont have the balls to pull the rug on AVZ and she can't go against her Chinese masters . Getting very close now to knowing how we go moving forward .I'll go out on a limb and say we will have a result be the end of this month . imo