AVZ Discussion 2022
- Thread starter GazDix
- Start date
Unfortunately can't walk away.
Carlos Danger
Top 20
I've consistently said we should be trading since I started posting here. But this situation is a good reminder never to invest / bet more than you can afford to lose.
My initial capital exposure here is a touch over 15k. Won't change my life in the slightest if I don't get it back. However if Nigel wins the hand I'll probably never have to work again.
Mate you were always of the belief Roche Dure was in the bag and the dispute over the North was the hold up . What's your take on things now ?
9cardomaha
Regular
9 Card omaha doesn't even need to get to the river to have a flush in hand.... might they be playing my game?
Carlos Danger
Top 20
I don't think I ever said RD was in the bag. It was only in the bag if we allowed Zijin in Dathcom or gave up the north. The hold up on RD was always Mupande and the surface rights games that the partition allowed him to play.
My take now is that Cominiere have signed the offer from Zijin and the MoM is trying to bully AVZ into accepting one of the outcomes by forcing us to negotiate with them. Nigel's response has been to call bullshit in his letter and work with the NGO's and officials in Manono to show that Cominiere are absolute fucking morons.
If we don't play her games then the MoM will be forced to issue us the PE for all of 13359 or take it all off us. The DRC won't risk pissing off the gringos and this becoming a case study in why not to invest there while they are currently begging for western investors imo
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Cheers Mate . So Nigel has effectively backed these mother f--kers into a corner and the world is watching .
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There is also the possibility of compromise.
Zijin pay appropriate value for the 15% .
MOM and MOP continue with their positions and Felix continues to focus on his re election .
Dathcom remain 51% majority owner of all of the tenement and
24% to CATH.
No need for ICC if the above agreed ???
Carlos Danger
Top 20
I'd say we are holding our ground. We have done everything by the book and have the receipts to prove it. Meanwhile our detractors are named in the IGF report as having conspired to sell a state asset below market value. We are the victims of our own success in the drilling results and the vision of Felix's business climate will be seen as a joke by the international community if they rat fuck us over a 'dispute' that should have been sorted out within the DRC months ago.
There could still be a compromise of some sort. Everyone will be looking to save face here. No doubt the Chinese are putting significant pressure on the DRC government to get them something out of this shitshow. But any negotiations are best done from the strongest possible position. And we have the best hand on the table as it stands and don't have any reason to publicly give ground to any of Cominiere's nonsense. Negotiations behind closed doors may be different.
Carlos Danger
Top 20
It's possible
Although I think you mean AVZ would be 51% owner of Dathcom which would own all of the tenement
I think this exact offer is on the table from Cominiere right now but we aren't taking it
JAG
Top 20
Carlos Danger
Top 20
Winenut
GO AVZ!!!!
Unfortunately he's sittin' around under the shade of a tree doing sweet FA
Hasn't it been said in the past (the past goes back many posts in this matter) that with Zijin it is all about money? A significant payment and the Chinese would go away. Nigel said that in the Melbourne RS, it's all about money. Maybe the right offer hasn't been made or maybe NF is refusing to make any offer to make them go away.
I think that was more about cong. Can't see z walking away because of money they want the resource. Imo
Very dangerous circuit breaker if it is protecting itself and re election at the expense of mining commencing at Manono.?
No ML from MOM in my opinion unless a compromise between Cominiere Zijin and AVZ
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