Carlos Danger
Top 20
Pretty obvious what their plan is. Concede all court cases and proceed with AVZ having minority ownership of Dathcom at 36%. They'll probably agree to the pro rata ceding of the 10% that Cominiere are obligated to transfer to the DRC government too leaving us with 32.4%. China wants to control output from Manono and won't allow the project to proceed until they have it.I’ve been contemplating what the MMGA fuckers endgame is (aside from being puppets that are trying to fuck shit up on behalf of their masters) and think this could be a long-game play.
If finalising the current legal actions, ICC and ICSID, are required to get a resolution, then it may be (pick a number) another one or two years that we are in suspension.
So, what have I been thinking:
They couldn’t get the 5% required for an EGM (fucking numpties) so they have used the nomination procedure of the AGM to create a platform.
More than likely, they will use the next few months to sow the seeds of doubt, and potentially tell some bullshit stories to give hope to those that are struggling and need to access funds e.g. we have an MOU for a buyout offer for $X, or the DRC Gov prefer our reach-arounds as they are more “harmonious”.
While they don’t have a chance to get nominated, with enough shitfuckery they may generate up-to the 25% required to vote against the remuneration report, providing the first strike against the board.
Then they, and/or their overlords, have the next 12months to continue to fuck around and maybe generate enough for the second strike at next years AGM.
My only recommendation for LTH’s is to ignore the douchebags and their propaganda, because if they fail to get a first strike at this AGM it should hopefully be enough to fuck up their plan.
It would be extremely surprising to me if the MMGA goons didn't already have significant backing of the register to launch this. Not quite 50% but I reckon they are closer than most realise. We will most likely be out of cash by next years AGM if still no ML so this is their only chance without putting the DRC government into $10b USD worth of debt imo