AVZ 0.00% 78.0¢ avz minerals limited

Just in case you wanted to here the full story and complete...

  1. 285 Posts.
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    Just in case you wanted to here the full story and complete truth rather that the part that supports you corrupt buddies

    ”The ICC tribunal held that Jin Cheng’s recourse to arbitration was unjustified, andordered that Jin Cheng reimburse AVZI USD 75,000 in respect of its arbitrationcosts and AUD 813,474 in respect of defence costs, and that it bear its legal costs(in excess of €3 million).

    The decision is entirely consistent with the position maintained by the Company,that is, that it holds clear legal title to a 75% interest in Dathcom and a continuingpre-emptive right over 15% of Cominiere’s 25% interest in Dathcom.

    The ICC tribunal did not rule on the validity of the purported sale by Cominière toJin Cheng of 15% of the shares in Dathcom which the Company maintains breachedAVZI’s pre-emption right and was tainted by corruption. These issues, in particularthose relating to corruption, will be revisited in the other ICC proceedings,including the case brought by AVZI in relation to alleged breaches by Cominière ofthe Dathcom joint venture agreement (ICC No. 27720/SP).”

    Thus the issues that Zijin wants to talk back to local Court will be heard in the ICC before the local court gets a chance to hear the case. It will be very embarrassing if the ICC finds in favour of AVZ and then the local court finds otherwise.

    We all know that Zijin , your masters will drag this through every court action they can and will ignore all findings that are not in their favour. It will be interesting to see how complicit in these corrupt actions the DRC government is willing to appear on the international stage.

    Cheers

 
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