Jens is on public record stating he holds 8 million shares, and he’s also previously mentioned selling part of his holding to cover his original outlay.
So no matter what happens from here — whether the offer is $0.50 or $5 — he doesn’t lose a cent. He’s likely walking away with millions either way. It’s not a criticism, but it does explain why he’s more relaxed about a lower return than those who came in later and still have serious capital at risk. For them, it’s not about how many millions they’re making — it’s about whether they even get out whole.
I appreciate people wanting maximum for this deposit but you have to consider the lithium price. Also we are not a producing mine at full output and then there is sovereign risk. And just on the lithium price, Albermarle’s bid of $3 a share back in 2023 is not looking so hot now; current LTR price: 0.57c. The thing in our favour based on the drilling is we have the world’s largest and purest and cheapest to develop lithium deposit compared to inferior minnows like LTR.looks like everyone wants the cash and GTFO.......dont blame them.....i fit into that category but wont accept less than " fair value " !
As others have posted Manono is a project that has a 50+yr LOM , money making machine, the ultimate lithium package that cannot be matced for sheer grade & scale, lithium spot is shit, but it wont remain like that for too much longer, therefore a tight arse offer wont cut it no matter what.
Also a class action will get you no money, except misplaced vengeance. Nigel has done everything he can. It is not his fault but the fault of corrupt entities in the DRC and China which interrupted AVZ’s 100% legal process. He was told he would get the mining licence but corrupt entities took it away every time.
And…..going to the bitter end with the ICSID will get you no money either. The DRC is broke; and besides it will take years.
Our only hope is that Kobald or another American entity buys us out and the catalyst being the American government who realise if the Chinese get their hands on the world’s largest lithium deposit they will control lithium pricing and supply.
looks like everyone wants the cash and GTFO.......dont blame them.....i fit into that category but wont accept less than " fair value " !
As others have posted Manono is a project that has a 50+yr LOM , money making machine, the ultimate lithium package that cannot be matced for sheer grade & scale, lithium spot is shit, but it wont remain like that for too much longer, therefore a tight arse offer wont cut it no matter what.