Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

0.00%

78.0¢ avz minerals limited

Where is sf120 to fact check this post of yours ? so many errors...

First 53 Last

Share
Profile

Follow
h00ts

46,605 Posts.

8737

10/12/23

16:49

Post #: 71371318
Share

Originally posted by Amovatio ↑

Nigel's comment was keeping the door ajar for further discussions if it helps the President. It won't be a negotiation with Zijin but could involve how AVZ can work with the DRC to come up with some sort of compensation for Zijin.

Lets get back on track: tomorrows virtual hearing by the ICSID tribunal will hopefully give us provisional measures to confirm or restore ownership of PR 13359 to Dathcom and direct the DRC to uphold the rule of law. The dispute with Zijin is basically all but over for them and they know this based on how the hearing went in Paris. I suspect the DRC are already aware of how this is going to play out for Zijin.

Zijin will not have any part of the Manono project. The ICC and ICSID rulings are going to to confirm this over the next month. For Zijin (Chinese) to have 15% ownership would essentially entitle them to a seat on the AVZ Board to help manage the development of Manono within the DRC.
This would ultimately be forced upon AVZ If this was to happen. The FIRB has already ruled this out, which is exactly why AVZ has had to pursue these legal cases. So what did Zijin do - go around the back door and arrange corrupt dealings with Cominiere. AVZ had no other option but to seek a ruling through the International Courts to confirm ownership. So to clarify AVZ will not be negotiating with Zijin in any direct capacity or to get any sort of a win win outcome in terms of Manono. There is no win outcome for Zijin.

To make matters worse for Tshisekedi he will be sweating on the ruling from the ICSID Tribunal hearing. The timing could not have been worse for him in the final hours before the election. It will be interesting to see how the Tribunal's decision is reported and subsequently used by his opponents to swing the voting power of the Congolese people.

Expand

Where is sf120 to fact check this post of yours ? so many errors and wrong assumptions in this post its not funny - Roon has correctly debunked most of what you hypothesised.

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

There are more pages in this discussion • 819 more messages in this thread...

First 53 Last

Add AVZ (ASX) to my watchlist

Where is sf120 to fact check this post of yours ? so many errors...

Top Stories

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

Featured News