Carlos Danger
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KoBold’s letter said they wanted AVZ to transfer all of their rights to Manono to them. We will in turn receive appropriate compensation. That implies we will be paid to walk away and it would be up to them to work out who gets what. A potential offer from Rio could be different but it seems they are also mainly interested in the south. How much will be on offer perhaps changes depending on what is legally established which might be what Graeme Johnston was alluding to.Beat me to it.
Nobody wants to be a wet blanket, but this does really have a long way to go.
That said, assuming we win all of the court cases, or maybe some are never heard and we are awarded ML and etc,etc, my oly worry is what compensation we rceive for the North.
I suspect that our new bessies will leave it to Zijin and will have no interest in the outcome.
I think it was @Carlos Danger, if I recall correctly, who a year or so ago set out why AVZ had already lost CDL
NF is adamant that this is not the case, so it will also be interesting to see what our actual legal status is there.
If NF is correct then it will allow him to use RD as leverage for CDL.
As for the north Nigel is obviously privy to facts I’m not and I’ve always said that I can only work off public information. But his various slips about ‘mica’ and ‘the south has the good powder’ over the years have been interesting to say the least. The mining code is pretty clear that it is the waiver itself that serves as the relinquishment and not the decree. AVZ’s current reasoning (which changed from the original appeal) is that the new decrees stand therefore the tenement is whole again.
But the waiver can still be enforced if the DRC decides it wants to which is why we have also gotten legal disclaimers like ‘There is a reasonable prospect that a party, including the Company, will be granted a PE in respect of the Carriere de l’Este Mineral Resource. If Dathcom is granted a PE in respect of the Carriere de l’Este Mineral Resource, further negotiations will then be undertaken with the shareholders of Dathcom in relation to the terms of the mining joint venture’ in official announcements imo