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Ann: Arbitration request, page-575

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Timb89

2,826 Posts.

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14/05/22

09:14

Post #: 61405129
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Originally posted by Helios11: ↑

No,

ML has to be issued to a singular entity. (Ie, you can't award ML to 75% MacDonald's, 25% burger king) in our case, it's ML awarded to Dathcom.

the controlling interest in Dathcom must retain and control at least 51% or more for ML awarded to Dathcom to be valid. That is why continually, legally and publicly AVZ publish that they own 75% of Dathcom. It's not necessarily for public/shareholder benefits. It's because it's is required under DRC mining code. Most of this with Aus companies is buried in fine print that rarely gets published or discussed.

Glad to see that IGF have published publicly its findings.

next steps are simple. Action of the government to be taken based on these findings made public. But, if you understand the last two weeks, it's pretty clear as Mines Minister who would have access to IGF report weeks ago before being published, has signed the mining decree for Dathcom and AVZI holding 75% of Dathcom.

the IGF findings make it impossible to win any legal issue in DRC for Zinjin.

Thr Paris arbitration is a waste of time, and the DRC will not allow corruption internally, and fraud by external companies to be over ruled by an arbitration hearing in Paris. The President has made his feeling clear publicly. Zinjin are screwed.

As the the 5% from 2017. Two things jump out. (1) In 2018, amendments to the mining code came into effect, so does that mean pre 2018 issues/deals remain in force...(2) I don't really care, Zinjin getting nothing. AVZ going mining with 66% by end of month, cath 24%, 10% drc goverment. The 5% I won't overthink because mines minister signed decree. To me it's that simple.

sleep easy lth.

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Thanks mate, appreciate the lengthy response, trying to go to another level of DD on this one. You've done some great work.

"ML has to be issued to a singular entity" - This makes perfect sense in hindsight.

I will get stuck into the IGF report ASAP.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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