AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
GO AVZ!!!!
Count......take up that offer mate get the cap! Get the CAP!!!!!!Have a great weekend everyone...oh and TC, if you would like one of the rare hats I would be happy to send you one mate.It is the LAST ONE
Just email me your postal details and Ill send it once I'm back in Perth
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Yep, I reckon its the usual games.Any predictions for next week’s range 75c low to 95c high, these traders and and index players have many millions of Shares to fuck over retail holders if they desire. Hold on juniors/ brother they are going to shake the big tree big time next week
Both weekly & daily are bullish, too lazy to post a chart but will over weekend.
Closed above resistance which is now support.
Only one more major resistance around ATH close so I would expect a test there.
The rest depends on ML or lack thereof.
This is being played with again, but one day soon fundamentals will take over.
Winenut
GO AVZ!!!!
One week before closing auction on the 18th and being ready for opening on the 21st
Will be interesting to see how this plays out
ML is the FA wildcard ......what the traders and big boys do over the next week and beyond will be fascinating to watch
For me.........c'mon DRC drop the ML and let's get the fk going
C'MON!
Music to my ears brother!!Searches for electric vehicles double as 40-year-high inflation and Russia’s invasion of Ukraine push gasoline prices above $4
Searches for new and used electric vehicles (EVs) jumped 112% from Feb. 24 to March 8 on Cars.com, a news and pricing site comparing makes and models of EVs with traditional, internal-combustion engine (ICE) vehicles.
Individually, searches for new EVS are up 83%, while there’s been a 130% rally in searches for used EVs — which, given the relative youth of the market and competition for these cars, can be a tough find.
While the Ukraine invasion can’t be entirely isolated as the cause of the increase in EV searches, it is shaping up as a significant catalyst pushing shoppers over the edge to change their behavior, car-buying experts say.
The Biden administration’s increases in infrastructure spending — including for EV charging stations, and pending expanded incentives for EV buyers, but hung up for now in a stalled Build Back Better spending bill — could unleash future demand. So will a growing lineup of electric pickup trucks and SUVs coming to market.
www.marketwatch.com
Biden’s EPA restores waiver for California and other states to set tougher vehicle tailpipe standards
President Biden’s EPA has reinstated as expected the waiver that allows California and other states to adopt stronger vehicle tailpipe emissions rules than the federal standard.
The action marks a return to localized authority in mostly climate-minded blue states which was rolled back under the Trump administration.
Seventeen states and the District of Columbia had adopted their own clean car standards, representing more than 40% of the U.S. population, and six states had adopted a new advanced electric-truck standard, mostly for commercial fleets, that requires a waiver.
That would cover 20% of the truck market.
“Today we proudly reaffirm California’s longstanding authority to lead in addressing pollution from cars and trucks,” EPA Administrator Michael Regan said in a release Wednesday.
www.marketwatch.com
Biden tells states to roll ahead with electric-vehicle charging network — plans for a station every 50 miles
The Biden administration has begun spending the $5 billion over five years from the bipartisan infrastructure law aimed at expanding electric vehicle charging, primarily on the nation’s major highways.
The plan calls for new or upgraded stations every 50 miles throughout the web of Interstates and other larger highways with roadside services.
Each station would need to have at least four fast-charger ports, which enable drivers to fully recharge their vehicles in about an hour.
There is also a program meant to bring more electric vehicle (EV) charging to rural areas, officials from a newly formed collaboration between the transportation and energy departments announced Thursday.
Biden has set a goal of a national network of 500,000 public charging stations in place by 2030, and administration officials say over 100,000 exist already.
“Americans need to know that they can purchase an electric vehicle and find convenient charging stations when they are using Interstates and other major highways,” Deputy Federal Highway Administrator Stephanie Pollack said.
“The new EV formula program will provide states with the resources they need to provide their residents with reliable access to an EV charging station as they travel,” she added.
To sweeten the deal for consumers, the Biden administration has called for expanding EV tax credits on some models to up to $12,500 if certain criteria are met, and allowing more people to qualify for those credits.
www.marketwatch.com
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Food for thought on the Road to Mining Manono
Frank
cruiser51
Top 20
What is happening with Leo Lithium ML?
cruiser51
Top 20
DRC has free carry on its 25% interest? It is the very first time I heard that DRC's 25% is free carried.
It was of the understanding that free carry is on 10% interest and in the case the DRC holds 25%, DRC pays 25% of development costs.
When was this changed?
This is incorrect in the Cantor report. If the government keep the 25% they have to pay their share of the project developments costs prorata from ML being granted to production. If they keep just 10% they don’t have to pay anything. The government seemingly either can’t or don’t want to pay the 15% project costs, hence are looking to sell it. The shareholder agreement is we have first right of purchase of this 15%. I believe that’s what’s hopefully being finalised now.
Yes, this is interesting. Maybe the DRC government are changing the way they are doing things. This maybe a sign of things to come as they are revisiting existing mining contacts this may be what they expect of other companies.
cruiser51
Top 20
The way it is explained in the Cantor interview 16 Nov 2021, by Nigel...after about 20 mins and 30 seconds.
AVZ owns 75% of Dathcom, Comminiere owns 25%.
As part of the mining license 10% has to be ceded to the DRC (which is free carried), this 10% comes out of the 25% of Comminere's holding.
The remaining 15% (owned by Comminiere) is not free carried.
Winenut
GO AVZ!!!!
I'm trying to unravel the money flows and ownership
Does that mean the DRC ends up with 10% of Dathcom
With the remaining 15% of Dathcom owned by Comminiere I assume they will not want to contribute to project costs
So will AVZ have to purchase that 15% from Comminiere.... if so at what price?
How does all of this transalate to the ownership structure of AVZ itself (ie not Dathcom) with 24% owned by CATL
I'm going to do a bit of digging and see if I can get a corporate structure up as it might be easier to understand visually
Not tonight though
Off to the inlaws for roast lamb!
Cheers
Last edited:
cruiser51
Top 20
LEGAL STATUS
The Congolese mining company in acronym COMINIERE is a public limited company according to OHADA business law.
It is a young company created on April 12, 2010 following the decision of the General Assembly of shareholders, namely the Ministry of Portfolio and the National Institute of Social Security.
SHAREHOLDERS
COMINIERE SA's share capital is 90% owned by the Congolese state through the portfolio ministry and 10% by the national social security institute.
AVZ has first right to buy the 15% from Cominiere.
Dathcom is the company which owns the Manono Tin and Lithium project.
Currently AVZ owns 75% of Dathcom and Cominiere owns 25% of Dathcom.
AVZ is in the process of selling 24% of Dathcom to CATH
When the ML drops Cominiere has to transfer 10% to the DRC, that is apparently the deal.
So as it stands, by the time all dust has settled:
AVZ has 51%
CATH has 24%
Cominiere has 15%
DRC government has 10% free carried.
So if the price is right and AVZ buys the 15 % from Cominiere, it will become:
AVZ = 66%
CATH = 24%
DRC = 10% (free carried)
I personally hope AVZ will buy the 15%.
Winenut
GO AVZ!!!!
Thanks so much for that Cruiser
The detail is really appreciated
The only question mark seems to be the price.......and that is a not a small question mark
Aaaahh....the million dollar question
Oh...and weirdly Cominiere was created on my birthday April 12 and even more weirdly........ on my wife's birthday as well!!!!
Go Figure...
Go AVZ
C'MON!!!
cruiser51
Top 20
It will not be for free.I personally hope AVZ will buy the 15%.
Which begs The $64,000 Question
Who pays and How much
Where will AVZ get that kind of Coin
My guess is it will be a Lot more than $64k
Dare i say, 1st word starts with a C second word with R
Oops, That's Not going to Win a lot of Friends so forget i said that
Could we just Borrow it from a Bloody Big Bank with Shit loads of $$$$$
Food for thought on the Road to Mining Manono with that Extra 1ir price5% of Icing on the Cake
Frank
What will be the price?
I can't answer that question.
Cath will throw in an offer and Cominiere will sell to the people they believe in.
Will they sell the table silver? I don't think so.
They want a fair price.
Taking in consideration all the BS, I believe AVZ has a fair chance.
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