Just received a call back from AVZ....nothing new to report but still a good chat.
The DRC wants this mess sorted as much as AVZ .....lots of ramifications for the DRC if it goes all the way.
So many criminals being exposed which will make it easier to progress things with the right people now the government is formed.
You don't prove a world class reserve without the attention of world class miners, so anything is on the cards about AVZ moving forward with a partner...I was not able to get out of him what Western companies had possibly contacted AVZ with an interest.....I would definitely support a big brother coming in.
Manono is a relatively simple mine with the DRC having lots of expertise they could draw on to progress things fast when the time comes.....still lots of logistics but all can be sorted.
Unfortunately I could not get anything out of him about Loche finance but he made it clear we are fighting for the long hall.
He was completely clear he understood the suffering of shareholders and assured me that AVZ will continue the fight until they get success.....he wouldn't have called me otherwise.
He also made it clear that attacking the president online serves no purpose when AVZ are trying to get his support- I get peoples frustration but I agree that you achieve nothing by citisising the top dog. As for every corrupt minister I recon keep hitting them hard.
Like many I live the AVZ roller coaster everyday......I feel like after today's chat I am starting my way up again.
Good times are coming!
You don't prove a world class reserve without the attention of world class miners, so anything is on the cards about AVZ moving forward with a partner.
Speaking of World Class Reserves / World Class Mines / Miners / Partners etc
Dare i say it,
Don't forget the Tin to temp a Partner moving forward when Tin prices have taken off lately, but i'd prefer it if AVZ could go it alone tbo.
Tin prices may see further support from supply risks,
Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate cuts and stabilizing demand, analysts say.
Benchmark three-month tin on the London Metal Exchange hit $36,050 a metric ton in April, propelled by production problems in Myanmar, Indonesia and the Democratic Republic of Congo, which accounted for 43% of global tin mine production in 2023 according to United States Geological Survey data.
Tin has gained 31% this year, making it the best performing base metal, on funds flowing into the sector to hedge against inflation and as hopes of rate cuts grow. Tin’s gains have exceeded those of investor favourite copper.
On the supply side, Project Blue analyst Jack Anderson said it remained unclear whether tin mining operations in Myanmar’s Wa State would resume within the next six months, as some analysts expected.
“While Indonesia has resumed exports, it is also uncertain whether producers in the country will increase export volumes to make up for the first two months of the year,” he added, referring to delays in export permits from the country.
Tin prices may see “extreme increases” in the second half, hitting as high as $38,000 a ton due to macroeconomic factors, said Guo Ning, a secretary general at the China Nonferrous Metals Industry Association (CNIA).
In addition, long-term exports from Indonesia will likely fall as it reserves more metal for use in domestic downstream sectors, she said.
China’s tin production will likely reach 216,000 tons in 2024 and consumption could hit 226,000 tons, Guo said.
Project Blue also forecast global tin demand will outstrip supply this year.
mining.com
Don't forget the Rin Tin Tin
Food for thought
Frank
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