Thanks TC, completely agree
Thanks TC, completely agree with your comments. Jan should be on top of the numbers (being AVZ’s accountant) but it would be interesting to try work out some new figures before him.
Regarding today’s news, there have been posts made here several times in the past about possible TO offers from the likes of Albermarle, BHP and FMG and the BOD not entertaining anything under $3.50…. Following today’s news on LTR, I suspect the BOD would be looking well above that now.
I liked the information by
@FilthyRich2 on the a battery manufacturing plant and maybe CATH might be interested in it, not us. We are a mining company who will hopefully be producing in around two years…. Not sure why we would want to fuck around any more than we already have by being involved in battery manufacturing. Here’s the spod or pls, you do what ever you want with it, we’ve done everything so far and all you lot have done is slow up the process.
Not sure if CATH would even be happy about building a battery manufacturing plant in the DRC when they’ve already built them in China but who ever does it they have two years.
I love the way
@Frank added more information on how the Chinese miners have ripped off the DRC immediately after your post, I added it straight to the thread with all the other info on how the Chinese have been ripping off the DRC…. Mostly info provided by Frank
Apart from that a couple of trolls posting something about me on here…. There’s a reason I ignore them, they have nothing to offer the threads other than trolling
A lot of posters don't understand the rules around SEZ eligibility in DRC , mining companies are not eligible for SEZ benefits in DRC, as they don't value add, however as we are processing the SC6 into PLS we are adding value to the mining of SC6 by conversion into PLS, we are eligible for inclusion in the SEZ to the extent of the PLS plant. The PLS plant ideally should be in a SEZ zone, but is currently not, so may be annexed under the
Lubumbashi SEZ. The PLS plant is integral to the battery manufacture process, it needs to be completed before battery manufacturing is even piloted. Otherwise the SC6 from Manono needs to be sent to test lab in Canada and back to DRC. AVZ holds the technology for the PLS plant, and isn't likely to release the technology to others.
So we will effectively have a mining operation (outside of SEZ Eligibility and paying taxes at normal DRC rates) which then sells part of its product to a PLS facility (Bean counters , will note transfer pricing rules apply here, unlike corrupt Chinese, yes I am a bean counter like the Count and hung out at same watering holes , at the same time, so I may have met him) , the value add provided by the PLS plant (ie profit, will be eligible for a SEZ hopefully) , trusting that BOD has worked this out.
We kind of have a partial eligibility to be on the battery council, as we are integral part of value adding via PLS plant, ideally we could put PLS plant in
Lubumbashi, to simplify, but BOD want jobs in Manono, that is PLS Plant 1 and 2, there is also a rumour of PLS plant 3, 4 & 5, no idea where they would be located. (but hopefully in SEZ zone in
Lubumbashi or close by to spread the joy to the East of DRC)
The monster of Manono that we have will benefit the DRC via setting up these SEZ elibile plants close to adequate power plants (limiting factor as to why Manono only has PLS 1 and 2)
So whether we like it or not we are integral to battery manufacturing in DRC, its just that the MK2 battery council hasn't worked this out yet
Huge profitability in developing the PLS plants in DRC, forget the Liontown, offer , not only do we have the resource, we have technology ready to rollout to take advantage of the lowest cost production of batteries in the world, and expand within country, wherever their is suitable power stations and infrastructure. $12 plus share price is a reality , our offer to DRC government is they will get 20% of what we get as a shareholder in the Dathcom venture (10% Dathcom / 10% AVZ), Zero cost base, say equivalent
AVZ 350 Million Shares as part of 15% offer (10% holding) x $12 then double it for their direct holding (my calculator doesnt have enough digits to work out the bonanza DRC goverment is sitting on , but has utterly lost track due to corruption and incompetance)
