AVZ Discussion 2022

[Carlos Danger]

It was not 24% of AVZ's 75%, was straight up 24% of Dathcom.


Not sure where you get 40% from?

Cath will buy 30.5% of AVZ's Green Lithium Holding (GLH) Company.
GLH who are presently 100% owned by AVZI, has (disputed) 75% ownership of The Manono project via Dathcom.
Indirectly, CATH will own 30.5% of the company (GLH) that hold 75% of The Manono Project (Dathcom)
This represents 22.875% indirect ownership in the Manono Project (Dathcom)
CATH also own some AVZ shares, does anyone remember how many? 6% or so? That gives them a little more, around 4.5% interest in Dathcom.

Yeah I didn't explain that well sorry I'm a bit hungover haha

The announcement says 'CATH will pay AVZ US$259.25m to acquire a 30.5% indirect interest in the Manono Project, through the acquisition of shares in Green Lithium Holding Lte. Ltd (GLH)'

So it would seem from that phrasing that it is 30.5% of Manono they are buying through the GLH shares imo

Therefore to acquire a 30.5% interest in Manono through GLH they would need to buy 40.6% of the company

30.5 / 75 = 40.6%

 

[Hodlandwin69]

It was not 24% of AVZ's 75%, was straight up 24% of Dathcom.


Not sure where you get 40% from?

Cath will buy 30.5% of AVZ's Green Lithium Holding (GLH) Company.
GLH who are presently 100% owned by AVZI, has (disputed) 75% ownership of The Manono project via Dathcom.
Indirectly, CATH will own 30.5% of the company (GLH) that hold 75% of The Manono Project (Dathcom)
This represents 22.875% indirect ownership in the Manono Project (Dathcom)
CATH also own some AVZ shares, does anyone remember how many? 6% or so? That gives them a little more, around 4.5% interest in Dathcom.

It's 30.5% of Manono project indirectly. So it's around 40% of GLH to then have 30.5% in Manono Indirectly. This 40% changes depending on how much of Manono the powers that be say we own.

For example if I am an equal 1/10th share of a trust that owns 10% of RIO then indirectly I own 1% of RIO

 

[LX600]

However, in the highly unlikely even, when Green Lithium only holds 60% of 13359, then CATH will be holding a little bit more than 50% of Green Lithium

X=30.5%/60%

In that case, AVZ lost control

 

[Carlos Danger]

However, in the highly unlikely even, when Green Lithium only holds 60% of 13359, then CATH will be holding a little bit more than 50% of Green Lithium

X=30.5%/60%

In that case, AVZ lost control

We own 75%

 

[lithiumavz]

LHC plant is the key. CATH & AVZ can provide this gold goose to DRC government. Due to current lithium price, DRC cannot get enough money from ZIJIN's digging&shippment mode. So CATH & AVZ WON!

 

[Xerof]

Yeah I didn't explain that well sorry I'm a bit hungover haha

The announcement says 'CATH will pay AVZ US$259.25m to acquire a 30.5% indirect interest in the Manono Project, through the acquisition of shares in Green Lithium Holding Lte. Ltd (GLH)'

So it would seem from that phrasing that it is 30.5% of Manono they are buying through the GLH shares imo

Therefore to acquire a 30.5% interest in Manono through GLH they would need to buy 40.6% of the company

30.5 / 75 = 40.6%

It's 30.5% of Manono project indirectly. So it's around 40% of GLH to then have 30.5% in Manono Indirectly. This 40% changes depending on how much of Manono the powers that be say we own.

For example if I am an equal 1/10th share of a trust that owns 10% of RIO then indirectly I own 1% of RIO

However, in the highly unlikely even, when Green Lithium only holds 60% of 13359, then CATH will be holding a little bit more than 50% of Green Lithium

X=30.5%/60%

In that case, AVZ lost control

Groundhogs


https://thestockexchange.com.au/threads/avz-discussion-2022.78/page-2718#post-446605

Let's just wait and see what eventuates.

CATH % will (surely) be based on the current situation which is 75%, so the 40.6% in GLH won't change. There is no escalation or de-escalation clause mentioned. AVZ therefore does NOT lose control in the highly unlikely situation where DATHOMIR is given 15% back. And we are still going for the ROFR 15% too

So whether AVI/AVZ/GLH ends up with 60,75 or 90% of DATHCOM, CATH still only ever has INDIRECT interest in 30.5%, represented by 40.6% of GLH

p.s. maybe settlement of this shitshow is far more progressed than is being published

 

[Dazmac66]

Where did you nail the sweeties … fish have been scarily quiet the last few sessions ( sunny coast) … moon phase ?, winds ?, sharks ?….??

Managed 1 session without sharks And cleaned up in big sweetlip off caloundra. Plenty of fish out there but sharks eat the lot! Waste of time and fish.

 

[Azzler]

Yeah I didn't explain that well sorry I'm a bit hungover haha

The announcement says 'CATH will pay AVZ US$259.25m to acquire a 30.5% indirect interest in the Manono Project, through the acquisition of shares in Green Lithium Holding Lte. Ltd (GLH)'

So it would seem from that phrasing that it is 30.5% of Manono they are buying through the GLH shares imo

Therefore to acquire a 30.5% interest in Manono through GLH they would need to buy 40.6% of the company

30.5 / 75 = 40.6%

Oh right, yes I had read it incorrectly.

 

[PhatCatz]

24% of 75% = 18%

30.5% of 60% = 18.3%

Just a thought

so AVZ essentially giving up the 15%? or at least negotiated outcome somewhere.

 

[PhatCatz]

Unfortunately, I feel that CATH and Zijin will form a joint venture (possibly taking DRC share of the pie due to "misleading Zijin" as compo instead of ICC) and will work with AVZ...

Why I'm worried about the controlling interest of the whole deposit if AVZ have what they have now (plus the CATH Deal if ML is granted) and lets speculate that everything else goes to the chinese (including the 10% DRC have).

Zijin will not go away and if anything, this is a movement that will strengthen their ties to the company using the "good guy" CATH. Watch what happens over the coming months.

 

[BRICK]

Wheres the unlike button

 

[Xerof]

Yes Phat, you repeatedly keep telling us you're worried

 

[cruiser51]

Unfortunately, I feel that CATH and Zijin will form a joint venture (possibly taking DRC share of the pie due to "misleading Zijin" as compo instead of ICC) and will work with AVZ...

Why I'm worried about the controlling interest of the whole deposit if AVZ have what they have now (plus the CATH Deal if ML is granted) and lets speculate that everything else goes to the chinese (including the 10% DRC have).

Zijin will not go away and if anything, this is a movement that will strengthen their ties to the company using the "good guy" CATH. Watch what happens over the coming months.

Ever tried a gin tonic to relax?

After feeling relaxed, you can take a gin tonic to celebrate some good news for a change.

After the celebration gin tonic, you wouldn't have a clue why you were worried.

On another note, some idiot wants ugly cancer photos on gin bottles and other alcohol containing containers to warn us.
I reckon after a couple of glasses people will say 'Wazzat?', pointing at the picture.

Just imagine Jesus during the Last Supper pouring wine out of a bottle with a cancer warning.
They would have to change Leonardo da Vinci's painting.

 

[Samus]

Is fucking toilet still here folks?
I've ignored that cunt!

Anyway, I'm still alive if some of you were worried

Not sure what to make of the announcement but the terms of the locke deal seemed less than ideal.

Hopefully it's a positive and the start of some real progress finally.

Thanks all for the info I've been skimming over, been a bit distracted of late but I liked the good posts even if I didn't hit the like button.
All the rubbish from the emerged chinese stooges I didn't like, those scum can get fucked.

 

[BEISHA]

View attachment 75731

Tolate post now deleted seems a bit odd. Posted with the wrong account perhaps? Or is TSE Tolate a different person to HC Tolate? hmmm

It appears Tolate / phatcatz are one of the same, with a bit of shane mixed in the equation....

Cath development is great news for the majority but somehow negativity creeps in with the above.....

And apparently they are holders of AVZ....


Hmmm

 

[PhatCatz]

Apologies, I've just been burnt by the LLL aggressive takeover. I do have a tendency to be pessimistic in my life unfortunately.

I have been a very, VERY long-term holder and have a million reasons to try to calm down. I will continue to read the information presented here. But I hope this all comes together the way it should (given our position).

I have been here since almost the beginning on TSE (when the mass migration occurred) but don't post much - usually since I'm pessimistic leaning.

Hoping 2025 is the year we unlock some decent value for shareholders.

EDIT: I can assure you I have no connection to Shane, Tolate, de Geist, Klaus or whatever. I have always been positive about the BoD given the circumstances they face.

 

[BEISHA]

Apologies, I've just been burnt by the LLL aggressive takeover. I do have a tendency to be pessimistic in my life unfortunately.

I have been a very, VERY long-term holder and have a million reasons to try to calm down. I will continue to read the information presented here. But I hope this all comes together the way it should (given our position).

I have been here since almost the beginning on TSE (when the mass migration occurred) but don't post much - usually since I'm pessimistic leaning.

Hoping 2025 is the year we unlock some decent value for shareholders.

EDIT: I can assure you I have no connection to Shane, Tolate, de Geist, Klaus or whatever. I have always been positive about the BoD given the circumstances they face.

As i said in a previous post, 3 months ago AVZ prospects looked grim with lack of funds, you certainly had every right to be pessimistic back then, but since then AVZ " acquired " Locke funding, which no doubt precipitated the CATH deal and all of a sudden AVZ prospects of getting out of this mess has exponentially improved, so as @Carlos Danger often states......

Go on, let yourself loose!

 

[BEISHA]

Anyway, great to see discussions involving AVZ future prospects, not doom and gloom corruption , despair adnauseum.

great to see @obe wan get in the discussion more prevalently !

And for anyone who thinks Cath may get ultimate control out of this restructured agreement with AVZ.........you are deluded !

AVZ havnt fought the hard fight for over 3 years to get bent over !

DLA PIPER lawyers would be all over this agreement to ensure that would never happen.

imo

 

[cruiser51]

Is fucking toilet still here folks?
I've ignored that cunt!

Anyway, I'm still alive if some of you were worried

Not sure what to make of the announcement but the terms of the locke deal seemed less than ideal.

Hopefully it's a positive and the start of some real progress finally.

Thanks all for the info I've been skimming over, been a bit distracted of late but I liked the good posts even if I didn't hit the like button.
All the rubbish from the emerged chinese stooges I didn't like, those scum can get fucked.

Yeah the kunt is a bit like the poison gift which keeps on giving.

 

[Xerof]

Anyway, great to see discussions involving AVZ future prospects, not doom and gloom corruption , despair adnauseum.

great to see @obe wan get in the discussion more prevalently !

And for anyone who thinks Cath may get ultimate control out of this restructured agreement with AVZ.........you are deluded !

AVZ havnt fought the hard fight for over 3 years to get bent over !

DLA PIPER lawyers would be all over this agreement to ensure that would never happen.

imo

Yeah, well I agree CATH don’t get control but I’m now doubting my assertion on what % of GLH needs to be issued, as I’ve only looked at the current 75% position. So I’m going to STFU until there’s some clarification next week