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Excuse me, are you accusing me to be a member of your imaginary...

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solo177

200 Posts.

394

08/03/22

22:17

Post #: 60070506
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Originally posted by Freehold: ↑

Now what did I say about teams of new AVZ posters the other day... ? here is an example of it.

Some history to set the record straight for our new posting "friends"...

1. Same mob mentioned in the article tried legal action against Cominiere early on just after AVZ become involved and brought a case to DRC Supreme Court about 3-4 or so years ago ... It was chucked out as categorically having no basis. From memory I think they appealed and that was also chucked out. DRC Supreme Court is the highest court in the land. You cannot go higher. So what the DRC Supreme court says is the final word.

2. Then once they realized they had no case in the DRC or further legal avenues to pursue it there they attempted to bring a case against AVZ in WA supreme court. Against AVZ which isn't even the alleged offending organisation or the relevant jurisdiction.
It again it was chucked out there as well obviously. The fact that they even attempted this tells you something.

3. Now in a last ditch "hale mary attempt" we have the same folk several years ago bring it to the Paris Arbitral Tribunal which again has no jurisdiction to force anything to happen in the DRC. The case is I suspect is very weak and any favorable or not ruling is not binding on anyone. Not even sure that anyone would be obliged turn up to defend a case brought here.

My understanding is that these guys were stripped of the Manono tenements by the DRC govt because the agreement was they would proceed to develop them in a timely manner. However I assume they either did near nothing for years or conversely did not develop them enough in the time frame since they acquired them. Hence, the DRC Govt stripped them of the tenements (it appears completely legally given the DRC Supreme court ruling).

What of AVZ ? Well once AVZ were awarded the ground they have taken it from brownfields exploration site to ready to build a mine waiting on DRC to award ML. So AVZ have massively progressed the project.

So in my humble opinion its "old news" and a "storm in a teacup" ... a stale old teacup actually.

PS: WA I believe has similar laws ... you cannot squat on tenements you must make a "realistic attempt" to develop them and show a minimum spent for each one over a predefined timeframe or risk losing them. The criteria obviously varies country to country but the DRC mining laws are quite progressive as you would expect given they have been major mining projects ongoing there for 100 years or more.

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Excuse me, are you accusing me to be a member of your imaginary "downramping team" ?

AVZ Price at posting: 80.5¢ Sentiment: Hold Disclosure: Held
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