Sorry Welshy, at work and stuck for time to get it as perfect as...

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Cobberoonski

351 Posts.

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21/05/24

10:11

Post #: 73928548
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Originally posted by WelshBuffett: ↑

I don't think that are right about Locke mate. DD leads to a formal agreement. Until final approvals are signed, they can still back out. Need a formal contract signed and money to be in our bank. I'm still not convinced we will see that 20m.

there is no denying the Pakistan case is relevant. The developing world really feel appeased by these type of decisions from ICSID. If you read the commentary post decision, a lot of countries were advocating that Pakistan refuse to pay the judgment amount. Pakistan eventually came to the table, many years later and paid up (albeit with a significant reduction).

the other issue here, which never gets raised, is that DRC are a signatory to the New York convention, but they've specially carved out mining rights disputes, This is very important. I think gets them out of paying full stop.

i think we will successfully secure judgments, but enforcing them will be hard. Need to keep expectations low on this. Win, but may not get anything back. If we get something it will be a Brucey bonus.

ive completely written this stock off in my mind. I don't see any future return. If I get something back it will be a bonus.

good luck holders

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Sorry Welshy, at work and stuck for time to get it as perfect as I’d like.

What I meant to say is … Locke have completed their DD, & if AVZ & Locke can’t agree to terms by the extension date, AVZ won’t have to cough up for the break fee. If we don’t agree to terms with them by May 31, we will obviously need to organise some funds in a hurry.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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Sorry Welshy, at work and stuck for time to get it as perfect as...

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