IMO it boils down to a battle between Zijin and CATL. Whatever Zijin offers (assuming much higher than what AVZ offers), just need CATL to agree to match. If CATL can match, then CATL 24%. If CATL won't match, CATL 9% and Zijin 15%. In any case, AVZ 66% in the end.
Let's move it as quick as possible.
Zijin can fuck right off. 4 months of trading suspension. 4 MONTHS OF DELAYS!
There is no "battle" between zijin and CATL.
Zijin tried to do the dodgy back-door deal. However that has been the usual way to do business in Africa for way to long.
AVZ and their lawyers have been crossing all their T's and dotting all their i's.
DRC government have been true to their word and have been stomping out corruption.
Zijin have been given an "out" to save face. It's only an out though. I can't see zijin having anything further to do with monano now.
Zijin in DRC? Yes, but they will have to get used to doing business the new way in the DRC.
cominiere on the other hand. Heads must roll.
Is this a new dawn for the DRC and Africa in general?? We will see and I do hope so.
I really hope that lithium is the white gold for Africa and pulls their people out of poverty.
Happy Monday all!!
Swans to win the flag this year.