AVZ Discussion 2022
- Thread starter GazDix
- Start date
Congrats! Enjoy the time with your new bub!
I know it's a bit stressful reading about and keeping up to date with the corrupt dealings with AVZ, but take care of yourselves and enjoy your time with your baby.
It was one of the happiest moments of my life, and everything goes by really fast. Shit that happens with AVZ shouldn't take away from that.
That's what China do. Have a look at the Spratley Islands ruling in 2016. Rulings totally against China but they say we don't accept ruling. They have since reclaimed the reefs into islands with airstrips. There has been no follow up from the World Court or the Permanent Court of Arbitration.
Zijin need to be evicted from the Power Station immediately otherwise they will just claim it and impossible to remove them.
This Shit Show is just going from bad to worse. One minute there is a bit of confidence about a resolution, then next we are going backwards. China bastards are not going to walk away, abide by any Court or Arbitration decisions if it doesn't go in their favor. They just ignore them.
The DRC have shown to be weak, corrupt, lacks leadership and hopelessly tied to China. No doubt MMGA are puppets for Zijin/China.
Just booked my flight to Perth for AGM. l never go to AGM's or rarely even vote except to vote against Directors getting Bonuses and gifted shares when SP has taken a fall. Happy to vote For when the job is done, not before.
I am angry. So much of my day is spent catching up here on what is going on. Thank you to the wonderful contributors who spend hours researching and reporting on TSE keeping us informed of this complex situation but China will not go away, they will find stalling tactics every inch of the way.
I fear for my investment, 3+ million shares. I think the BOD have done their best coming up against corruption, ignored rulings, treacherous former employees and decisions by Ministers that ignore DRC Law but the Chinese are not going to let go no matter who or how they have to pay off decision makers.
When you have 2 corrupt Countries willing to play brown paper bag game for greed or to get what you want then you have no one with a conscience.
Just refer to 2019 70th Anniversary of CCP speech by Xi Jinping. He said by the 100th Anniversary China would be the leading Country in the World that decide and control all things. Lithium is just one vital resource they want to control and what better way than have the largest hard rock mine and control who gets batteries. I bet there are other threads on TSE about other minerals/resources that are fighting against Chinese theft and skullduggery just as we are.
Sorry for the rant. This morning just got to me.
See some of you on the 23rd.
Carlos Danger
Top 20
3 scenarios from here imo
1. Nigel has cut a deal of some description through the MoU that Felix will somehow (most likely a presidential order) overrule the MoM or compel her to act to overturn current shitfuckery
2. Nigel has cut a deal to give Zijin the north but it had to be Cominiere transferring the north to them first due to BoD having evidence of corruption before the south is given back to us with ML approved as part of the ICSID and ICC settlements
3. The MoU is a smokescreen and we have to go the distance at the ICSID to either get our rights restored or a pay day
My bet is scenario 2
BRICK
Where’s Zeebot 😶🌫️
Based on the announcement yesterday, option 2 is a no deal for AVZ.
If the Fat Tail Nominees are elected to the Board, it is understood the Fat Tail Nominees will seek to
procure the Company undertake the following:
• selling the northern portion to Zijin: splitting the Company’s project tenement (ie PR13359) in
two and selling the northern portion to Zijin Mining Limited (Zijin);
Carlos Danger
Top 20
The north of the tenement has been sold by Cominiere not Dathcom
RD is proven with an up grade to come (550 mil tonne approx ) from surface . It has a dollar value .
This statement by the BOD pretty much sums up what everyone on this forum has feared about MMGA movement....
So unaustralian as other posters have mentioned, criminal and goes completely against the national interest , i would like to think that the BOD has passed this on to FIRB and also ASIC !!
"Compromise of AVZ legal rights"............in other words, court proceedings to drop?
" Memorandum of understanding for SETTLEMENT..........an alternative resolution more favourable to AVZ and in best interests of SH "
Does that sound like a TO ?
imo
Had the same but it was a nightmare
9cardomaha
Regular
I'm not ruling out MMGA's ties with ZJ just yet - rightfully AVZ should launch another claim against this bullshit, but MMGA as the mouthpiece for detractors will jump at the opportunity to add to their 'tsunami of litigation' narrative.
All interlinked - IMO
I like Carlos' scenario 2, makes sense it has to be Cominiere who returns it. Still don't fucking like it though. What a cluster fuck of epic proportion. Wombles makes a good point about the south already being proven, but dollar values and logic aren't our opponents strong suit. They'd likely offer 10c and the head of a new goat because that's how they roll.
All interlinked - IMO
I like Carlos' scenario 2, makes sense it has to be Cominiere who returns it. Still don't fucking like it though. What a cluster fuck of epic proportion. Wombles makes a good point about the south already being proven, but dollar values and logic aren't our opponents strong suit. They'd likely offer 10c and the head of a new goat because that's how they roll.
Anyone know what previous offers were ?
TBA who would know , they all talk in riddles same as my ex wife and I got fucked over
Cumquat Cap
Regular
I had the same but it was sticky and involved Latina's
9cardomaha
Regular
I fucking knew you boys were having the same wet dream nightmares i was referring to!
Carlos Danger
Top 20
AVZ announcement on 27th of September mentions that negotiations with DRC government are about us getting the ML in exchange for dropping the ICSID proceedings. Although this was before the MoU was mentioned. If we had a TO offer surely it would have been announced by now seeing as Zijin are making moves. The key piece in all this is that according to Zijin's announcement today they have no legal basis for continuing their claim at the ICC. They have transferred the money that was meant for that 15% purchase to paying for the north instead upon completion of the award of PR for 15775 so they are no longer able to be recognised in Dathcom imo
Similar threads
