After reading a lot of comments here today I thought I’d add a few more to my previous post.
Firstly, all the comments about what a fair takeover offer might be, stem basically from two things.
1) KoBold have spent the last 5 months talking themselves up but to this day have never commented on the size, grade and value of what’s contained in our project.
Basically when they refer to AVZ all they say is the project is being disputed, and what you can draw from both those things is that they are in no way acknowledging the value of the project. They also like to add in the perception of risk, which I’ll address later in this post.
2) The second reason comments about offers have been made is because we all know the commercial value of the project and yet it appears to be getting undervalued by shareholders who have been historically close to Nigel.
The only price that was publicly mentioned was the price put out in The Australian article (which disappeared as quick as the public statement by KoBold that they had taken us over).
A brief look at the Australian will show you it’s owned by Rupert Murdoch (who controls major Trump supporter Fox News and other outlets including The Wall Street Journal).
Rupert Murdoch is also linked to Michael Bloomberg (Partner and Shareholder in KoBold) through their involvement in the Partnership for a New American Economy. Bloomberg and Murdoch, along with other CEOs, formed this partnership. So something to consider when mentioning the article in The Australian.
I would also say that shareholders have played a far greater part than the BOD in keeping AVZ in the fight against our enemies, with the exception of Nigel.
It was the information provided by shareholders here and on the other social media platforms that formed the major fight against the stooges and the large Chinese shareholders that tried to roll the BOD at the 2023 AGM. For this reason alone shareholders have every right to have their say on price and other things related to their investment.
Now when it comes to KoBold talking about risk, part of any takeover by them would include a ML being signed off so take that one out. The US has also made clear that other risks around changing mining laws, transparency, corruption etc will not be tolerated by the US.
Trump is desperate for critical minerals. He knows if he doesn’t get them from Africa, China will. He threatened Ukraine with withdrawing military support if Ukraine didn’t do a critical minerals deal with the US, and that was all it took for them to comply.
He has shown he wants the DRC’s minerals too as evidenced by Erik Prince’s military involvement providing security and has an agreement to provide US$6 billion worth of infrastructure funding around the Lobito Corridor.
What hasn’t been seen is any sign of actually supporting allies including us. Remember, the US and KoBold were nowhere to be seen when we needed litigation funding, it was only after CATH gave us $20 million for litigation and offered us an option of purchasing shares in a process plant built and paid for by them on top of them paying to develop the project.
@Skar no one is torpedoing any deals. If China was able to get a deal through Tshisekedi that allowed them to take us over for a few billion more than KoBold, who would complain. Everyone talks about Trump’s art of the deal, he uses leverage and we have the ICSID and the law on our side as leverage.
It seems they’re all asking for AVZ to drop the arbitration cases we’ve been winning and sweep the last three years of corruption under the mat to get the deal done. Might even have been signed by now if a good offer was on the table.
I would like to chill too for a few weeks, and all it would take for me to do that is for KoBold to come and say “The Manono project contains the largest highest grade SC6 at surface currently discovered” That’s all mate, it’s not that hard
