AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
For ease of communications call it bouc émissaireView attachment 77587x.com
x.com
Mute22
Regular
Haha, beat me to it!
4 winks, see what I did there?
I'll raise you a wink .
4 winks, see what I did there?
Hope you are feeling a little more upbeat . Hang in there .
Global Lithium blow up
And in the former monsters space, Global Lithium Resources (ASX:GL1), which at one time commanded $500 million market cap territory as record lithium prices floated every boat, sank over 4% after three Chinese born executives succeeded in rolling its board on Thursday.Executive chair Ron Mitchell and non-exec director Matt Allen, having failed to secure intervention from either the Takeovers Panel or the Federal Government, fell on their sword at the company’s AGM.
GL1, which counts MinRes as one of its top shareholders, owns the Manna and Marble Bar lithium deposits in WA.
Dianmin Chen, a long time resident of Australia who was notably once the local managing director of Zijin’s Australian subsidiary Norton Gold Fields, was re-elected and has become MD and CEO of the explorer.
Property investor Liaoliang (Leon) Zhu and former Sinosteel Australia MD Xiaoxuan (David) Sun will also join the board after Zhu, its third biggest shareholder, led attempts to roll the company’s existing management.
Manna, located 100km east of Kalgoorlie, contains a resource of 51.6Mt at 1% Li2O.
“For Manna to realise its maximum value for shareholders in this market, we must focus on delivering three key milestones with the project in 2025,” Chen said.
“The first priority is concluding a Native Title Mining Agreement with the Kakarra Part B Native Title Group, so the local community is aligned with the company’s future approach.
“A mutually successful outcome with Native Title partners is essential for a Mining Lease application to be granted for Manna, which in turn is central to the completion of a Definitive Feasibility Study on the project.”
GL1 shares are currently worth 23c for a $60m market cap, having peaked at $2.78 in September 2022.
cruiser51
Top 20
Yeah you had a truck load of shit in your eyes and had to blink like a two bob watch, better get a set of goggles or a helmet with a proper visor.
4 winks, see what I did there?
As Wombat says, keep your chin up mate, it wont be years for a resolution, far from it, Manono is too big a prize for it to be a abandoned baby.
Hoping Cath is making in roads with the DRC govt to get a resolution to the stale mate.
I bet you that hydroxide plant is giving Felix a boner.
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There are reports that Felix is impotent
So Billy Bob comes home from the doctor wearing a new suit , his wife aske's why the new suit ? He said well when the doctor said I was impotent I thought I better dress impotent . Sorry I was travelling Friday
He might be. He's f*cked a lot of us, and no-one has said they are pregnant.
Too true mate and he has fucked all of the locals too and it wouldnt surprise me one bit that he has a brood of future corrupt little fuckers spread around the place...
Anyhooo, we continue to wait.
The DRC is the most aid-dependent nation on earth, and in 2023, 74.6% of people lived on less than $US2.15/day ($US785/y).
US aid keeps the DRC’s lights on:
Recent successes by the Rwanda-backed M23 rebels, threats from Uganda to get involved and the parlous state of the DRC army indicate that King Felix-the-corrupt is on borrowed time.
Me thinks he better log in to Skyscanner and get a cheap one-way flight to Brussels before it’s too late.
Just thinking out aloud because it’s a slow Monday.
Cheers
F
US aid keeps the DRC’s lights on:
- In 2024, the US alone contributed $US910 million to the DRC (70% of its total aid).
- The DRC needed $US2.5 billion but only received $US1.3 billion total, and $US1 billion of World Bank aid was withheld due to governance (corruption) issues.
Recent successes by the Rwanda-backed M23 rebels, threats from Uganda to get involved and the parlous state of the DRC army indicate that King Felix-the-corrupt is on borrowed time.
Me thinks he better log in to Skyscanner and get a cheap one-way flight to Brussels before it’s too late.
Just thinking out aloud because it’s a slow Monday.
Cheers
F
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Well Flight, we all know Trumps likes a deal, wouldnt surprise if he said to to fat cat Felix, "we will continue to provide USAID if we can have a interest in Manono.
I am sure Trump would be looking for leverage with the Lobito corridor too.
I mean whats good for Ukraine is good for the DRC right ?
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