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78.0¢ avz minerals limited

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28/08/24

16:32

Post #: 75418968
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Originally posted by h00ts: ↑

if it walks like a duck its probably a duck. !

DLA Piper is a world class law firm and they don't come cheap, they have a litigation arm but no interest from them to fund AVZ.

No other "No Win No Pay" Lit funders have shown any inclination to take on AVZ despite potential mooted payouts of $10b or more.

The only one who supposedly was interested in funding a relative modest amount of $20m was Locke, an obscure company with no track record in this type of funding or visible internet footprint - 9 months on still nothing from them because they want the loan secured against an acceptable tangible asset that presumably doesn't exist .

No update on how much has gone missing from the $20m in the DRC legal firms escrow account.

A letter from Nigel posted on this forum and twitter that was branded a fake because it looked desperate and amateurish that was actually real, with follow up phone calls that have subsequently managed to convince a small number of the larger holders to buy 1400 Con Notes at $1000 each raising a modest $1.4m, enough to keep the lights on pay rent and wages for a bit longer but no where near enough to keep the legal fight going any distance.

Tethyan copper spent nearly $60m USD and it took 10years to run the full legal gauntlet and as far as I am aware two years after the final order they are still waiting for the cash from Pakistan a country with far greater ability to pay up than the DRC

The Tethyan V Pakistan timeline.

https://jusmundi.com/en/document/de...ssued a,Company, an Australian mining company

Documents of the case
Order of the Supreme Court of Pakistan 2012 SCMR 402 - 2 Feb 2012
Order of the Supreme Court of Pakistan 2012 CLD 640 - 2 Feb 2012
Decision on Claimant's Request for Provisional Measures - 13 Dec 2012
Judgment of the Supreme Court of Pakistan - 7 Jan 2013
Decision on Jurisdiction and Liability - 10 Nov 2017
Decision on the Respondent’s Application to Dismiss the Claims (with reasons) - 10 Nov 2017
Award - 12 July 2019
Order of the Federal Court of Australia NSD 1749/2019 - 21 Nov 2019
Decision on Stay of Enforcement of the Award - 17 Sept 2020
Decision Partially Terminating the Stay of Enforcement of the Award - 30 Oct 2020
Order Without Notice of the High Court of Justice of the British Virgin Islands (I) - 17 Dec 2020
Order Without Notice of the High Court of Justice of the British Virgin Islands (II) - 17 Dec 2020
Minute Order of the United States District Court for the District of Columbia - 25 Mar 2021
Judgment of the High Court of Justice of the British Virgin Islands - 25 May 2021
Reasons for Decision of the Court of Appeal of the Eastern Caribbean Supreme Court - 4 June 2021
Decision on the Termination of the Stay of Enforcement of the Award - 7 Sept 2021
Memorandum Opinion of the United States District Court for the District of Columbia - 10 Mar 2022
Order of the United States District Court for the District of Columbia - 10 Mar 2022
Order of the United States District Court for the Southern District of New York - 28 Apr 2022
Opinion of the Supreme Court of Pakistan - 9 Dec 2022
Minute Order of the United States District Court for the District of Columbia - 21 Dec 2022

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what’s your theory? Post this case enough times and people will believe it is the norm both in costs and timeline?

congrats on referencing the actual ICSID this time though…..
AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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