Very interesting, Austroid Australia, local subsidiary of US BASED Austroid, but has a chinese director was rejected by the FIRB to take over Alita.![]()
Australia blocks acquisition of lithium mine by China-linked firm
SYDNEY :Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from its Foreign Investment Review Board (FIRB), a spokesperson for Treasurer Jim Chalmers said on Friday.Australia supplies around half of the world's...www.channelnewsasia.com
Hmmm, looks like any coy with China links, is a red flag for the FIRB.....regardless whether it has a base in the US or not
I applaud the decision, Austroid Australia should also be stripped of the Bald hill lithium / tantalum mine too !!
So what implications does this mean for a potential TO of AVZ ?
I mean, Alita has only a pissant 26m / tonne at a lowly grade of 1%, AVZ has potentially 1.5b tonne++ tonnes @ 1.6% ( RD & CDL )
Hmmm, lots of folk talking about TO on this forum, with crazy prices quoted, just think everyone needs to brace themselves for what reality could really look like.....
Cant imagine Australian govt / FIRB is going to allow Manono to fall into Chinas hand in any capacity and they will have the US looking over their shoulder in any event....
If any smart cookie can provide links as to how a TO by the chinese can happen via loop holes such as control of Dathcom or sale of asset then i am all ears, cause i have tried searching and have come up with ......
The only avenue that I see a TO of AVZ / DATHCOM is via US / Europe, but is that really realistic given the strategic nature of the DRC relationship with China ?
With that in mind, i only see OPTION B as the likely occurance with the chinese whispers that are spreading around....