some important info in this ICSID announcement which gets lost in the junk posts from toilet and his gang of dimwits
- instruct Cadastre miniere de la RDC (CAMI) to rectify the mining fallout map to
reflect Dathcom's ownership of PR 13359 on a perimeter excluding the
perimeter covered by PR 15775
We are going to see action on this faster than other rulings and this in turns demonstrates whether or not DRC is going to follow. It also is the biggest slap to Comminiere so eagerly looking to see when the portal is updated
- draw up a contradictory inventory of the file kept by CAMI
relating to PR 13359 on the entire perimeter of PR 13359
Giving AVZ the right to see why CAMI and DRC have made the decisions they did and to line by line argue all the points that have been put forward. Basically an open invitiation to demonstrate why DRC has been at fault.
- refrain from taking, either through its officials, organs, emanations or companies (including
Cominière, without prejudice to the nature of the links between the DRC and Cominière), any new
act likely to call into question PR 13359
Ends any counter plan by Comminiere, DRC, Zinjin for the southern acreage effectivly stopping Comminiere in their tracks
- The mandatory nature of the Interim Orders was reconfirmed and highlighted by the ICSID
tribunal in its decision.
Instructions are clear and highlighted infront of the DRC delegation. I expect they acknowledged it and plan to follow suite
- Among other directions, the ICSID tribunal has asked that Dathcom expressly confirm that should the
DRC comply with these interim orders, AVZI, GLH and Dathcom will request the release of the PE and
if the DRC releases it, they will progress the development of the project immediately. The Company
will take the necessary steps to procure that AVZI, GLH and Dathcom provide that confirmation
Why did the tribunal ask Dathcom? Would it not be Dathcom that asks the Tribunal for this outcome? It feels almost certain the tribunal members have sought confirmation that with speed this project will move to next step and the ICSID is being used a mediator to ensure that WHEN the DRC issue the license, the project will proceed. Reflect more on this statement as i expect it tells you everything that happened in the meeting
- The ICSID tribunal declined to deal with title to the northern area on an interim
basis because doing so could affectthe interests of a third party to the proceedings(ie Manono Lithium
SA), which will be dealt with on a final basis as part of the broader ICSID proceedings.
This is fair, ICSID cannot rule on an asset that involves a party not present. It also tells us that Zinjin was not in the lawyer team for the DRC delegation. Very important as we dont want Zinjin fight with the DRC
- the unlawfulness of the transfer of PR 13359 from Dathcom to Cominiere,
which has been reversed under the Interim Orders, renders Cominiere’s relinquishment of the
northern portion of PR 13359 and the subsequent grant of PR 15775 to Manono Lithium SA to be
equally unlawful.
Precedence , precedence, precedence -If the JV was not disolved, then the acerage cannot be owned by Comminiere (noting they never argued the initial transfer was invalid), if the acerage is not owned by comminiere then they cannot sell it to Zinjin. If the south is returned to us, then we already know the entire process is void.. BUT ICC is where the JV is discussed and ICSID is around DRC not JV/Partners.
WHERE TO NEXT?
IMO
1) AVZ Gets the Mining License for the south, starts construction, recommences trading by March
2) AVZ proves the transfer of the north was not legal, seeks a deal with Zinjin to purchase the north for fair value WITH AVZ in the driving seat along with a big stick - end of the year in my opinion
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