AVZ Discussion 2022

[SilentOne]

Lets just simply wait for the ICC and ICSID rulings - we have seen in the past that countries take the rulings of the ICSID very seriously and it is a catalyst for negotiation and settlement.

Just because you stole a car changed the wheels over and sold it to a mate (who knows the car is stolen) doesnt make the car your mates property. This is also the reason why we are litigating this primarily internationally rather than the corrupt domestic courts in the DRC.

Negative speculation until we know the rulings of both the ICSID and ICC - serves no purpose. You run the risk of feeding peoples anxiety which may trigger personal outcomes that none of us want to see or be responsible for through our musings.

We have no other option than to support the Board and each other.

Regards,

SilentOne

 

[Cumquat Cap]

My point was that negotiations will continue as long as necessary which is far more positive than saying the drawn out legal process is our last option as many have imo

I take absolutely zero joy in this situation. I find humour gets a message across quicker than any other communication method so perhaps that is where the confusion lies but my main motivation for researching is to try and help shareholders that are suffering understand the situation whether the information is palatable or not.

I’ve also been wrong about heaps of shit haha

View attachment 69456

Fair enough mate I can respect that, certainly looking as though DRC don’t give a shit about any arbitration courts and are pressing ahead. Have to wait and see

 

[Carlos Danger]

Lets just simply wait for the ICC and ICSID rulings - we have seen in the past that countries take the rulings of the ICSID very seriously and it is a catalyst for negotiation and settlement.

Just because you stole a car changed the wheels over and sold it to a mate (who knows the car is stolen) doesnt make the car your mates property. This is also the reason why we are litigating this primarily internationally rather than the corrupt domestic courts in the DRC.

Negative speculation until we know the rulings of both the ICSID and ICC - serves no purpose. You run the risk of feeding peoples anxiety which may trigger personal outcomes that none of us want to see or be responsible for through our musings.

We have no other option than to support the Board and each other.

Regards,

SilentOne

ICSID decision is YEARS away lol

Unchecked positive speculation does far more damage to people's mental health than realism imo

 

[Samus]

ICSID decision is YEARS away lol

This may be so but the arbitration proceedings might start to put the squeeze on DRC a lot sooner.
The focus right now should be on the latest announcement which stated:

Regardless of Manono Lithium's compliance with the DRC Mining Code, Cominière's conduct in, at least, procuring the modification of the CAMI register constitutes a clear breach of the emergency relief made by the International Commercial Court (ICC) on 15 November 2023, which ordered Cominière "not to take any steps to explore and exploit, directly or indirectly, the mining reserves within the perimeter of PR 13359 and PR 15775". Accordingly, the Company has referred the matter to the ICC tribunal constituted in case 27720 and submitted that only an order for the immediate payment of the daily fines imposed by the emergency arbitrator on Cominière for breach of the emergency relief will ensure Cominière's due compliance with the Tribunal’s orders pending a final award. As at the date of this announcement, AVZ estimates the aggregate amount of penalties accrued on account of Cominière'S continuing breaches of the emergency relief to be approximately US$73.85 million.

You would hope that things like the miraculous Manono Lithium exploitation permit that arrived out of nowhere and nothing (like it was born of the virgin fucking Mary) granted recently might highlight the urgency and seriousness of these breaches by cominiereSA.

 

[Dave Evans]

ICSID decision is YEARS away lol

Unchecked positive speculation does far more damage to people's mental health than realism imo

I don’t think it’s a case of unchecked speculation Carlos. I think we are all aware now that the DRC have been leading our management on and we are certainly aware of the corruption that’s taken place as far as Cominiere and Zijins violations.

I believe it’s a case of shareholders remembering all the actors that have worked to overthrow our BOD all the way back to boatman.

@TheCount posted the number of short positions around AVZ had dropped but it doesn’t mean there won’t be another planned move to overthrow the BOD.

I don’t know when the next ICC ruling is due but I suspect it will be ahead of the AGM. I also suspect it has been delayed by Zijin’s lawyers stalling tactics

 

[SilentOne]

Only way out of this now is a negotiated settlement prior to ICSID IMO. I don't know if Nigel needs to return every share holder all their $$$ . Could this be a sticking point that prevents him from accepting an offer ? There are 100's if not 1000's of share holders who got in early (sub10c/ 20c /30c/50) . SilentOne , I know you got in at the highs . So you might have to take one for the team and cop a 50% hair cut . No point in all us getting thrown under the bus.

Wombat,

I am not about to take one for the Team - I have made it very clear that I am happy to take this to its conclusion though it would create major angst for me.

I am definitely not taking a hair cut. This is an exceptionally valuable resource. I am not letting go of my investment.

So no, I am not taking one for the team.


Regards,

SilentOne

 

[j.l]

My point was that negotiations will continue as long as necessary which is far more positive than saying the drawn out legal process is our last option as many have imo

I take absolutely zero joy in this situation. I find humour gets a message across quicker than any other communication method so perhaps that is where the confusion lies but my main motivation for researching is to try and help shareholders that are suffering understand the situation whether the information is palatable or not.

I’ve also been wrong about heaps of shit haha

View attachment 69456

Keep it up mate. I for one appreciate your insights/opinions.

 

[wombat74]

This post shows a complete lack of class, walk yourself to the gutter.
Making a mockery of a person potentially being in that situation is beyond low.

Apologies . My dark sense of humour does get the better of me at times .Posts deleted .

 

[Flight996]

AVZ management is quiet, despite some pretty big smoke signals coming from CAMI.

However, I can't see AVZ letting those shit-eating maggots off the hook.

This latest indiscretion should get the attention of even the most comatosed arbiter.

Nobody was harmed in this GIF. It's just a movie.

 

[Cumquat Cap]

Everyone jump on C and make some noise, all we can do currently

 

[Cumquat Cap]

X*

 

[Carlos Danger]

This may be so but the arbitration proceedings might start to put the squeeze on DRC a lot sooner.
The focus right now should be on the latest announcement which stated:

Regardless of Manono Lithium's compliance with the DRC Mining Code, Cominière's conduct in, at least, procuring the modification of the CAMI register constitutes a clear breach of the emergency relief made by the International Commercial Court (ICC) on 15 November 2023, which ordered Cominière "not to take any steps to explore and exploit, directly or indirectly, the mining reserves within the perimeter of PR 13359 and PR 15775". Accordingly, the Company has referred the matter to the ICC tribunal constituted in case 27720 and submitted that only an order for the immediate payment of the daily fines imposed by the emergency arbitrator on Cominière for breach of the emergency relief will ensure Cominière's due compliance with the Tribunal’s orders pending a final award. As at the date of this announcement, AVZ estimates the aggregate amount of penalties accrued on account of Cominière'S continuing breaches of the emergency relief to be approximately US$73.85 million.

You would hope that things like the miraculous Manono Lithium exploitation permit that arrived out of nowhere and nothing (like it was born of the virgin fucking Mary) granted recently might highlight the urgency and seriousness of these breaches by cominiereSA.

Agreed. I just think that shareholders deserve to know how long it could possibly take and management haven't done a great job at explaining that. Whether sooner or later I am extremely confident we will get a positive result at some point as the key facts are on our side imo

 

[Carlos Danger]

I don’t think it’s a case of unchecked speculation Carlos. I think we are all aware now that the DRC have been leading our management on and we are certainly aware of the corruption that’s taken place as far as Cominiere and Zijins violations.

I believe it’s a case of shareholders remembering all the actors that have worked to overthrow our BOD all the way back to boatman.

@TheCount posted the number of short positions around AVZ had dropped but it doesn’t mean there won’t be another planned move to overthrow the BOD.

I don’t know when the next ICC ruling is due but I suspect it will be ahead of the AGM. I also suspect it has been delayed by Zijin’s lawyers stalling tactics

I meant more generally than any specific issue. There is just a culture of denial, rumour spreading and poo pooing of questions among shareholders that I find unhealthy.

Even thou I felt I was clear that it was just speculation you were right to call me out for unchecked positive speculation when it was announced via tweet that the MoM had issued a new decree early last year. I thought perhaps it was good news and you said I had nothing to base that on and it turned out you were right and that our licence had been purportedly cancelled. So I'm not immune to this myself.

And yeah I do understand why it happens. This has been an extremely stressful situation and the clown car of detractors we have had to deal with that spread constant disinformation in their attempt to steal the project has put people in a us vs them posture. I still support the bod (and am pretty sure I was the first to warn on this forum at least that the barbarians would attempt to storm the gate) but I have said from day one that I will call them out if I feel they have done something wrong.

As far as I know the next ICC decision should be Cominiere penalty liquidation or Dathomir merit ruling. Should both be somewhat soon imo

 

[Rechnerhand]

What or who is behind 'ZIN32'?

 

[Frank]

Someone buy that Man a VB

 

[Frank]

x.com

x.com

x.com

x.com

 

[Frank]

Zijin vows to keep investing in Canadian mining despite crackdown​

Zijin Mining Group Co., China’s most valuable mining company, says it won’t be deterred by the Canadian government’s measures to limit foreign involvement in its mining sector.

The Chinese gold and copper producer will “absolutely” continue to seek out investments in Canadian mining companies — especially junior exploration firms, Zijin vice president Shaoyang Shen said in a Tuesday interview at Denver Gold Group’s annual conference in Colorado.

“Canada has some of the best mineral exploration companies in the world,” he said.

“As world leaders, I believe it’s in our best interests to work together.”

Canadian Prime Minister Justin Trudeau’s government has sought to restrict mining deals involving foreign state-owned entities for nearly two years in efforts widely seen as targeting China’s dominance in the global critical minerals supply chain.

A series of rules and restrictions hasn’t stopped junior mining firms based in Canada from seeking out Chinese capital to back expensive and risky projects passed over by Canadian investors.

Zijin, one of China’s most acquisitive metals groups, has repeatedly clashed with Canada’s government over mining deals.

The firm failed to buy a 15% stake in Vancouver-based Solaris Resources Inc. earlier this year after facing a lengthy regulatory review.

The state-owned firm also challenged a government review of its plan to buy a Peruvian gold mine from Pan American Silver Corp.

China’s investments have provided capital to small mining firms when critical minerals have become an essential element in the transition away from fossil fuels.

Metals including lithium, copper, nickel and cobalt are key components of electric vehicles, solar panels and wind turbines, and countries including Canada and the US are pushing to build supply chains to reduce China’s dominance in the industry.

Shen’s comments echo sentiments expressed in March by China’s ambassador to Canada, who called Trudeau’s crackdown on foreign investment in mining “unfortunate” and “wrong.”

“It is our view — and I think most of our peers here agree — that market-based transactions without political interference have benefited all parties and contributed to better projects for resource development,” Shen said.

mining.com


*To remind,

China is hopeless at exploring, explore for us and then if you find something we will steal what you find".

Without AVZ this deposit would not have been evaluated in decades because the Chinese cannot find a fish in a fish tank full of fish.


Food for thought

Frank

 

[Cumquat Cap]

USA just announced a MoU with DRC, Angola, Zambia, world bank and EU to build the Lobito corridor - one would think it’s unlikely they will allow Zijin to steal the spodumene, all very confusing

 

[Cumquat Cap]

 

[JohnJoyce]

An MOU