AVZ Discussion 2022
- Thread starter GazDix
- Start date
BRICK
Where’s Zeebot 😶🌫️
Rather re-list in the US of canada, panama and greenland
Despite some reservations about this situation and parts of the announcement, i think that, on the whole, this is a positive development.
Having a big player like CATH/CATL backing our play and agreeing to leverage their influence on the DRC government could be the game changer we need. I was growing concerned that DRC were willing to go through the full ICSID process and then delay and obfuscate for many years after an award, tiring us and our funding out until we eventually accepted a Lowball settlement. However, this seems like it could present a way out in which all involved could get a slice of the pie. This may result in a negotiated outcome.
Glencore has operated effectively in DRC in part due to its involvement with its partner Zijin, perhaps a similar relationship with CATH/CATL is what we need to progress the Project forward.
I mean it's a good deal for CATH, but they've got the leverage, not us. It's also probably a bit of a master-stroke by the Chinese in that they'll likely control the output of Manono's entirety despite who succeeds. Bets are hedged. But they're no slouches in business and resource control! And hell, nobody has stepped up to resolve this to suit their own interests, like Aus/US, so this may well be in our own current best interests - certainly in comparison to the existential risk of being frozen out entirely.
This is as hopeful as I've been in the last two years.
One side point - i wonder if Locke will push back at all, given that an agreement with a minimum repayment spend of 10m was agreed. Will see i guess.
INTERESTING TIMES
Ashlee
Regular
And the DRC potentially get to realise their dream of Battery Manufacturing.
Agree Wombat
Most important now is CATH provides a major criteria in DATHCOM receiving a mining license .
Ability to fund mining with off takes.
Whether it is only for Roche Dure or Zijin pay a fair price for Carrier ??
Very positive for AVZ and its shareholders.
China finally comes to its senses and realises that illegal mining of Monano has far greater implications .
Now when will a mining license be granted before court arbitratration ?
Frank
Top 20
That's just for you Count - couldn't help myself, been a long while since Bart made an appearance
Not to mention my old mate Homer
GLTAH's
Cheers
Frank
Well fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
For once, the word " imminent " was on the money......
Last edited:
Remark
Top 20
I definitely wasn't expecting this one Beish, talk about a left field announcement!Well fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
View attachment 75534
yet
For once, the word " imminent " was on the money......
Great news IMO, there's life in this old dog yet.
cruiser51
Top 20
First steps get in charge of 13359 and acquire the ML.
Keep ICC and ICSID arbitration cases going until the above achieved, signed and sealed in fucking blood.
To progress the arbitration cases, funding was required by end of month, early February.
The move of using GLH is to keep the Australian Government out of the picture because GLH is a Singaporean entity.
The Australian Government interests are to protect Australian mining.
To expect them to lift one finger to get Manono up and going was never going to happen.
Is it a good deal?
Locke funding was made as an interim, but I believe this deal to be better.
Locke held all the cards and could screw us completely over.
They aren't silly and had put a huge price on the risk they were prepared to take.
I would have been also very careful to go into sea with them.
I had in the back of my mind, this looks like a fucking Cash Converters type of deal, but it was needed at the time.
On the surface the deal with Cath seems to be much more advantageous, because it gives funding to continue with the arbitration cases and guarantees funding to build the mine.
A requirement for the ML.
Soooo
It looks like Zijin's so called announcement to start mining early 2026 seems to be a tactical move in this chess game.
They found out the Cath deal was about to happen.
It is in my eyes the exact reason that AVZ has to continue to keep its cards very close to its chest.
Its early morning here , it's a great ann but it still depends all on a mining licence ?? . Hopefully for north and south as north is still in stolen hands any thoughtsWell fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
View attachment 75534
For once, the word " imminent " was on the money......
It's a complex agreement for sure with many moving parts and co-dependencies. However, there are also many opportunities so I am quietly hopeful.
While I want to see CATH and Zijin butt heads, and in turn Zijin and Cominiere butt heads, I feel that ultimately Beijing will continue to call the shots and keep them on song. It's a bit early to speculate on what will be Beijing's message to CATH, Zijin, but at the end of the day Beijing needs Manono more than Manono needs Beijing.
This announcement shows that the old girl still has a pulse, and remains defiant against the DRC's and China's shitfuckery.
Cheers
F
Left field alright !
Massive U turn going on here.
Cath funding AVZ litigation in lieu of Locke against their fellow chinese state competitor Zijin & co ?
AVZ going mining ?
Well fark me, for once we can talk stock ?
Well, i need to chat to the BOSS to get some clarifications, but on first read this is extremely positive, blown away to be @Frank !
Well done AVZ BOD !
cruiser51
Top 20
Why do you believe AVZ HAS to say that?
It would be a pretty fucking stupid statement at this stage.
The CATH deal incorporates a working capital component which wasnt included in the Locke deal. 9% interest rate not too excessive and the collateral backing not as onerous.
Similar threads
