If drc does not develop the asset with avz, they would not be able to find an investor who is willing to develop the asset whilst a prolonged legal battle continues. Any investor would not be able to secure funding as no lenders woild lend with ownership and royalty in question.
The drc only has two options imo, a) get rid of zinjin, get rid of curruption, follow the igf and allow icc to undo the share transfer, then partner with avz and catl to develop this b) do nothing, risk a re-election open up for a heck of a lot of negative press both internationally and locally, risk all foreign investment and ultimately stall the asset and the battery chain project for a decade.
So many commentators here suggest management are reactive. But in reality they registered this aRound 90 days ago (feb/Mar). Sound about the same time minister cancelled the decree? Would you do that if it was you? This is proactive and strategy based management if you take a rational view of the current situation which nobody wanted but are dealing with it
This action forced drc to play their next move and this was the correct outcome, we need this done now, not in 5 years.
Avz and anyone with some logic will see the drc is stuck, they even gave the mining license decree! They are surrounded by bribery scandals, letters, voice records, ngo, igf. This conclusion that avz is f*cked doesn't reflect any type of logical conclusions unless you are suggesting the Drc doesn't care about being in a global marketplace. Or Felix is immune to his own media and population. Or China can steal the battery chain wirh USA doing nothing.
That's a ridiculous proposition for any political party and it's absurd.
So rely on the logic, we can all come to ridiculous conclusions but the logic and facts do not support that.
The forum is trash and this is a few months away at least. I for one and turning of hc bar the posters that actually add value in terms of research
