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tolate

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25/08/24

08:19

Post #: 75360259
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Originally posted by tolate: ↑

Meetings were held between the Company's senior management and DRC senior
officers in Brussels between 24 to 26 May 2024 and in Kinshasa on 21 June 2024
to discuss the terms of the memorandum of understanding (MOU). The draft MOU
provided by AVZ in response to the DRC Government's request provided for a
staged settlement of the various proceedings by AVZ against the DRC and other
parties together with the grant of the outstanding PE to Dathcom.
Notwithstanding the Company's concerted engagement, the parties have not
reached agreement on the terms and conditions of the settlement arrangements
for inclusion in the MOU.

One minute management stating having meeting, then this STATING to the DRC the RULES..!!...OMG..
I think the DRC have had enough of AVZ...imo..

The Company is also seeking further information from the DRC Government regarding its knowledge
and involvement in respect of the above changes to the CAMI register. Should these changes reflect
the actual situation of PR 15775, the DRC Government would thus have been knowingly involved in
these changes. Such conduct would itself constitute a breach the ICSID Tribunal's Procedural Order
no. 3 dated 16 January 2024, which among other things ordered the DRC to "refrain from taking, either
through its officials, bodies, emanations or companies (...) any new act likely to call into question PR
13359 or which could lead to an aggravation of the present dispute or deprive the award to be made
of its effect". If confirmed, the Company will consider all available relief and punitive orders against
the DRC Government.

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Nothing has changed between AVZ and the DRC..!
Nothing has changed between the CHINESE and AFRICA...!

This China-Africa summit is of particular importance in Beijing's diplomatic and economic strategy. Chinese authorities intend to use this meeting to consolidate their partnerships with African nations, with a particular emphasis on securing the supply of raw materials and rare metals.

""""Africa, rich in natural resources , is considered a key partner in this long-term strategy.""""""".!..

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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