The tension of slow strangulation? That turns things blue
AVZ Discussion 2022
- Thread starter GazDix
- Start date
To what end @Xerof ?
Do you mean a settlement is close, so Nigel thinks we might not need Locke? If so, that's a risky play. AVZ's history is littered with "bases loaded" plays that crumble leaving us reaching for the next crappy option.
Hodlandwin69
Regular
It's a joke. The joke is that Avz negotiated a settlement worth 1.4million! (Down from 4.7billion)
Remark
Top 20
I hear H00ts had an arsehole transplant. Sadly, the arsehole rejected him...
WTF does that actually mean …. Do you understand anything at all ???
Yes, of course. The old "skin in the game" argument. Prove you are a going concern and we'll consider helping.
Frank
Top 20
Major Chinese copper and gold producer Zijin Mining Group Co. said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions.
Net income rose 46% to 15 billion yuan ($2.1 billion) in the first half, bolstered by higher prices for its commodities and cost controls, Zinjin said Friday in a stock exchange filing.
Still, the company flagged negative factors in the future potentially impacting “the company’s revenue, profits, merger and acquisitions of new overseas projects.”
China’s dominant role in mining supply chains – especially in critical minerals vital in industries from electric vehicles to military hardware — has lead the US, the EU and their allies to try to bolster their own output.
That poses a risk to the growth of Chinese companies led by Zijin, which has bought copper and gold mines from Canada to Africa, and expanded into lithium in a bid to become a key player in the battery material.
The company — one of China’s most acquisitive metals groups and its biggest listed miner — has made similar comments before.
Chairman Chen Jinghe said in March that it “will be targeted for sure” by US-led efforts to tackle Beijing’s dominance of some minerals given its leading role in the industry.
Zijin has already slowed acquisitions due to higher project valuations and geopolitical tensions.
www.mining.com
Rediah
Regular
In other news...
More pressure on China on these essential minerals too. They can steal it but then they wont be able to sell it.....
www.drive.com.au
More pressure on China on these essential minerals too. They can steal it but then they wont be able to sell it.....
Canada imposes 100 per cent tariffs on Chinese electric vehicles – report
Canada joins the United States and European Union in increasing levies on electric vehicles built and shipped from China, including Tesla models.
Winenut
Go AVZ!
You still have a wife??!!!......
Interesting to hear whether further details are released as to the US intentions for their investments. Seems to me their Lobito corridor plans include a serious interest in Manono.
It's an opportunity for the US plus makes strategic sense to blunt China's ability to control global lithium market.
Who knows but something is brewing on the diplomatic front. And with a development like this our US ambassador KRudd should be pressed into action. It's in Australia's interest also to thwart Chinese control of Manono. Or should be.
Chase
Regular
Yeah agree Ryhno well said..Heres hoping management contributing towards a positive mood for a win win imminent decision
As I mentioned earlier, there is no Locke funding deal required. I believe it was just a "kick the can down the road" exercise to appease shareholders or a last resort in the event that the DRC handed over the mining license and made things right.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.
IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.
Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.
It's quite clear in this announcement that the first port of call is to follow through with ICC/ICSID and force the DRC to settle as they are not wanting AVZ to mine. AVZ is not going mining in the next 500 years in the DRC. It's also quite clear that Zijin will take over mining duties.
Going by the language of the announcement the attempt is to get a percentage of the last traded share price.
The small funding provision is also indication that AVZ requires the cash to just get some ink to paper and cover costs.
The lack of intervention by Felix also indicates that Cominiere is calling the shots.
IMHO - AVZ will get a payout, distribute to shareholders, Nigel & Co with a golden handshake and GTFO of the DRC once and for all.
Disclaimer* - it's just my opinion and I could be totally wrong, don't hate me.
I am indeed!
Good to hear another's take on the situation.
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