AVZ Discussion 2022

[Retrobyte]

Back then we'd hand draft tax returns, hand them into the "typing pool" and they'd come back all nice and pretty from the ladies.

I would come out of a meeting and grab a stenographer so I could dictate the minutes of the meeting, which she would write down in shorthand and then go away and type a draft for review. The time spent dictating the minutes in a small room with the steno was often just a sexual harassment session - it just wasn't called that in the 1980s. Office work in that era was like Mad Men without the bar trolley in the office (although there was always a well stocked fridge in the boardroom).

 

[Retrobyte]

LTR holders are having a good day ….

Be nice to have that feeling around these parts soon.

All lithium going strong today - CXO and PLS also up over 10% today

 

[Frank]

LTR holders are having a good day ….

Be nice to have that feeling around these parts soon.

Liontown Resources said on Tuesday it had rejected a non-binding indicative proposal from top lithium producer Albemarle Corp ALB.N , which valued the Australia-based battery metals explorer at A$5.50 billion ($3.66 billion).

Albemarle's A$2.50 per share offer represents a 63.9% premium to ASX-listed Liontown's last close.

"(The Liontown board) unanimously determined that (the proposal) substantially undervalues Liontown, and therefore is not in the best interests of shareholders," the company said.

Liontown currently controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project.

The project is one of the world's largest and highest-grade hard rock lithium deposits, according to Liontown's website.

The company also said it recently became aware that RT Lithium Ltd, a subsidiary of Albemarle, has been building a stake in Liontown through on-market purchases. RT Lithium now holds a near 2.2% stake in Liontown.

 

[wombat74]

LTR holders are having a good day ….

Be nice to have that feeling around these parts soon.

$2.50 /$5.5billion offer rejected . Gives the Li market a wake up call . With AVZ 1.5 billion more SOI than LTR and a 51% stake (min ) this brings home the importance of the recent drilling .

 

[Roon]

Liontown Resources said on Tuesday it had rejected a non-binding indicative proposal from top lithium producer Albemarle Corp ALB.N , which valued the Australia-based battery metals explorer at A$5.50 billion ($3.66 billion).

Albemarle's A$2.50 per share offer represents a 63.9% premium to ASX-listed Liontown's last close.

"(The Liontown board) unanimously determined that (the proposal) substantially undervalues Liontown, and therefore is not in the best interests of shareholders," the company said.

Liontown currently controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project.

The project is one of the world's largest and highest-grade hard rock lithium deposits, according to Liontown's website.

The company also said it recently became aware that RT Lithium Ltd, a subsidiary of Albemarle, has been building a stake in Liontown through on-market purchases. RT Lithium now holds a near 2.2% stake in Liontown.


View attachment 33082

I long for the day when the red-haired stepchild AVZ is revealed to be the belle of the ball. I'm happy for our colleagues in LTR and PLS who have gone gangbusters since the early days of name-calling and mine-is-bigger-than-yours on HC, though wish I'd done more hedging of my lithium bets!

 

[Thaz]

Liontown Resources said on Tuesday it had rejected a non-binding indicative proposal from top lithium producer Albemarle Corp ALB.N , which valued the Australia-based battery metals explorer at A$5.50 billion ($3.66 billion).

Albemarle's A$2.50 per share offer represents a 63.9% premium to ASX-listed Liontown's last close.

"(The Liontown board) unanimously determined that (the proposal) substantially undervalues Liontown, and therefore is not in the best interests of shareholders," the company said.

Liontown currently controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project.

The project is one of the world's largest and highest-grade hard rock lithium deposits, according to Liontown's website.

The company also said it recently became aware that RT Lithium Ltd, a subsidiary of Albemarle, has been building a stake in Liontown through on-market purchases. RT Lithium now holds a near 2.2% stake in Liontown.


View attachment 33082

Makes me wonder - if we have received TO offers/bids - (assumedly greater than our current MV), why haven't our BoD released an announcement to the ASX confirming that they have rejected such an offer to help "build a base" for our shareprice.

Are we, as shareholders of the company, entitled to this information on the bids/offers made to AVZ?

 

[Dazmac66]

Many thanks Frank, love this particular translation - governance was in the hands of sorcerers!

 

[TheCount]

I was a Lotus 123 baby, but if you need a slide deck done in Harvard Graphics, give me a call

I still prefer keyboard shortcuts rather than using a mouse - reckon I'm twice as fast as anyone else..

Cheers.
TC.

 

[Rediah]

Liontown Resources said on Tuesday it had rejected a non-binding indicative proposal from top lithium producer Albemarle Corp ALB.N , which valued the Australia-based battery metals explorer at A$5.50 billion ($3.66 billion).

Albemarle's A$2.50 per share offer represents a 63.9% premium to ASX-listed Liontown's last close.

"(The Liontown board) unanimously determined that (the proposal) substantially undervalues Liontown, and therefore is not in the best interests of shareholders," the company said.

Liontown currently controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project.

The project is one of the world's largest and highest-grade hard rock lithium deposits, according to Liontown's website.

The company also said it recently became aware that RT Lithium Ltd, a subsidiary of Albemarle, has been building a stake in Liontown through on-market purchases. RT Lithium now holds a near 2.2% stake in Liontown.


View attachment 33082

When the day comes, we can see similar sort of 50-100% jump in AVZ in a single day like LTR?

Ignore, what a silly question is that

 

[JasonM]

Makes me wonder - if we have received TO offers/bids - (assumedly greater than our current MV), why haven't our BoD released an announcement to the ASX confirming that they have rejected such an offer to help "build a base" for our shareprice.

Are we, as shareholders of the company, entitled to this information on the bids/offers made to AVZ?

apparently not according to LTR. the LTR release states they received two previous bids from Ablemarne but the third bid was the first time they announced. makes me wonder if they are strategically announcing it now to shore up price for their upcoming funding requirements and/or solicit bids from others. no doubt interesting to see how this plays out.

 

[Retrobyte]

I still prefer keyboard shortcuts rather than using a mouse - reckon I'm twice as fast as anyone else..

Wordperfect was the king of keyboard shortcuts ....

 

[TDITD]

I have to admire the resilience of fastandfury for continuing to engage with these hucksters.

and yet not one word of abuse towards them. Is it possible?

 

[geo_au]

Looks as though the announcement we were expecting was merely an announcement of a pre-feasibility study (What the F*** is That) No announcement of partner in feasibility study and announcement was between pollies who lined up for a photo shoot about nothing , which will achieve nothing, unless a competent partner is announcement and they can source Lithium (Where will they get their Lithium feed from which will need to processed to PLS stage, not SC6) Pilot plant unlikely to include PLS processing facility.



The signing of the Framework Agreement before the PM
@LukondeSama
took place in Kinshasa. Make way for the pre-feasibility study, the work of which is now beginning and will be completed in August 2023. This study will give the operational aspects of the battery project

View attachment 33064

We have been invited to take a place on the council, that doesn't mean we ARE the council. Our part on the council comes later.

 

[wombat74]

Makes me wonder - if we have received TO offers/bids - (assumedly greater than our current MV), why haven't our BoD released an announcement to the ASX confirming that they have rejected such an offer to help "build a base" for our shareprice.

Are we, as shareholders of the company, entitled to this information on the bids/offers made to AVZ?

Makes you wonder what offers we would have received had this sh1t show not happened.

 

[Chilla]

Trapped shorters in AVZ be shitting bricks with this sector wide valuation lift resulting from the LTR offer.

ML for the whole 13359 will be a major derisking milestone.

Follow that up with the DFS 2.0 10Mtpa and shorts will have to close out.

All time highs not too far away after trading resumes and those who need to sell have done so.

 

[TDITD]

I'm noticing a drop-off on use of the 'assets for social media campaign' on Twitter very recently, notably those involving Green mamba, JFMK and the DRC/China handcuffs

Is that at the behest of the Company, I ponder out loud to myself and anyone who would like to comment

From my personal view, I'm not feeling the motivation as much at the moment. Have been contacted but certainly not directly so who knows where or who it's actually from. At this stage you have to take everything with a healthy portion of salt.

So if I'm getting back into it, I'll do as I see fit, not pander to people who have not done their job/duties or doormats whose priorities are all mixed up.
TBH couldn't really give a fuck whose feelings are hurt, my bank accounts hurt, fuck your precious feelings.

 

[obe wan]

Makes me wonder - if we have received TO offers/bids - (assumedly greater than our current MV), why haven't our BoD released an announcement to the ASX confirming that they have rejected such an offer to help "build a base" for our shareprice.

Are we, as shareholders of the company, entitled to this information on the bids/offers made to AVZ?

Any takeover bids, considering the shit we are going through in the DRC would be totally conditional on a ML being awarded imo ; we dont have a clue where we are with the ML , so spitting out a TO would be pointless and probably counter productive

imagine a conditional 5 billion TO coming through (which would be low considering LTRs 20mt measured , 109 Mt inferred ....albeit Sovreign risk has magnified considerably over the last 10 months caused by MoP and Co's actions) ; a figure with a billion on the end would get the the drc brown baggers all barred up and pushing harder to get what they wanted

 

[TDITD]

More details of the pre-feasibility announcement , based on the budget for 6 months , these meetings are financed for lunches and snacks only, and perhaps some stationery if they are lucky, its an extension of the talkfest, where there are no achievements.

Actualité | Production des batteries électriques : la RDC et la Zambie signent un accord-cadre pour le lancement d’une étude de préfaisabilité de la zone économique spéciale | mediacongo.net

Le premier ministre, Jean-Michel Sama Lukonde, a supervisé, ce lundi 27 mars 2023, la cérémonie de signature d’un accord-cadre pour le...

www.mediacongo.net

Prime Minister Jean-Michel Sama Lukonde oversaw, on Monday, March 27, 2023, the signing ceremony of a framework agreement for the launch of the pre-feasibility study of the special economic zone (SEZ) dedicated to the battery and electric vehicle value chain project between the Democratic Republic of Congo and Zambia, with financing from Afrexibank and support from the Economic Commission for Africa (ECA).

At the ceremony, the Congolese government was represented by its Ministers of Finance, Mines and Industry and the Zambian National Executive by its Minister of Trade and Industry. Representatives of the African Import and Export Bank (Afreximbank) and the United Nations Economic Commission for Africa were also present.

In his remarks, the Prime Minister said that this project fulfills the wishes of the Heads of State of the DRC and the Republic of Zambia to develop a regional value chain around the electric battery industry as well as a market for electric vehicles and strong energies.

For Julien Paluku, Congolese Minister of Industry, this agreement is part of the implementation of the main recommendations of the DRC-Africa business forum, held in November 2021 in Kinshasa.

According to him, this pre-feasibility study will make it possible to design an implementation plan and an operational model for the creation and operation of the transboundary SEZ, to identify the main challenges to be addressed in order to facilitate the creation and operation of the transboundary SEZ, to develop a financing plan and strategies for mobilizing funds, but also to design a strategy to promote investments dedicated to cross-border SEZs.

Note that this pre-feasibility study, which begins today, will run until next August. It is valued at 750,000 US dollars. It will be made by Integrated industrial platforms (ARISE) specialized in the development of the African industrial transition.

So are we to expect a Feasibility Study to follow after the PFS and then once the FS is done, then we can move forward towards a DFS. Two years down the track finally we can begin a BFS?

 

[TDITD]

This is the web site of pre-feasibility consultant

Noting they have absolutely no experience closely related to task assigned to them at meeting. How they were chosen is another question, possibly ECA advised DRC to use them , but it will be a learning curve for them

Arise Integrated Industrial Platforms - Making Africa Thrive

Integrated Industrial Platforms

www.ariseiip.com

links to Sama, Mupande ?

 

[FilthyRich2]

So are we to expect a Feasibility Study to follow after the PFS and then once the FS is done, then we can move forward towards a DFS. Two years down the track finally we can begin a BFS?

My comments today are in relation to battery manufacture process not actually activities by planned AVZ, we should be on battery council and involved in process, but this is battery council Mk2 , and we havent been invited to join it or participate in any way, that I am aware.