AVZ Discussion 2022

[Samus]

 

[Bin59]

PLS -21% as well

Yeah - I’m feeling it - ouch!

 

[Remark]

"The Goldman Sachs report, released earlier this week, claimed although the long-term prospects for the battery metals remains strong due to the rapid uptake of electric vehicles (EVs), investor enthusiasm has led to an oversupply.

This is not the case, according to Cannacord mining analyst Reg Spencer.

“That oversupply in the market that Goldman Sachs is referring to is in lithium production from China lepidolite sources which is lower grade, difficult to process and more expensive to process in comparison to spodumene,” he said.

“I’ve been covering this sector for seven years and I can tell you supply always disappoints, especially from unconventional sources such as lepidolite that Goldman Sachs is referring to in their research report.

“Lithium projects are always behind schedule, always, and to say that the world’s supply issues are going to be resolved in three years from unconventional resources, which means higher costs to produce and extract…I think is wrong.”

Uncertain market factors, yes, prolonged down-turn, no​

While we are in an environment where there are more uncertain factors at play, Spencer says this is not a prolonged downturn.

“It’s ridiculous, two months ago the market didn’t care about what was going to happen in 2023 but it is because of this report and reports by others including Credit Suisse, that everyone seems to be panicking and selling their shares.

“But it is important to note that all we have seen so far is a fall in equities.

“This is an equities market correction, if you have a look at the fundamentals of the lithium industry, they are still very strong.” "

Eye on Lithium: Canaccord mining analyst disagrees with Goldman Sachs - 'lithium supply always disappoints' - Stockhead

Lithium prices have gone parabolic since the bull market kicked off in January 2021, but a bearish Goldman Sach research report has brought it all to a halt… for now.

stockhead.com.au

 

[Samus]

Twitter short brigade extremely quiet today......perhaps fell off their chairs after crunching the numbers for another month worth of borrowing fees and seeing all the local signatories who have sided with AVZ, want Zijin booted and the mine built asap

Been sticking it to the boatman myself, who was busy spreading more bs this morning

 

[Samus]

missed that one, I'll have to follow and get stuck into them

The more the merrier, beats sitting on our hands for a month.

 

[Frank]

I think we have a classic case of "keeping your powder dry" by AVZ here. They know if they say anything it'll just come back 10 fold. Not feeding the trolls is probably the best course of action.

In the meantime we have another month to discuss how good VB is.

In the meantime we have another month to discuss how good VB is.

"The Big Green Beer" tastes even better when it's delivered by an Electric Truck to your Door Bob

Which reminds me, what do we have to do to get Scarpa, Qball, Pasboz & Stevo onboard TSE

Bribe them with Beer

Cheers

Frank

 

[Remark]

The shortest comeback ever

 

[Bray]

Shortblack3sugar next?

 

[Mouthpiecenomnom]

Goldman report is bollocks.
Report that China bought 5 lithium mines in Africa? Which mines? What output? Also bollocks.
I'm putting my head in the sand and going ostrich for a few months or until we get the next official announcement.
Cheers yall see you on the other side. I'm confident but pretty damned annoyed. Been in AVZ since 2017 so this is not a new feeling.

 

[Deleted member 2428]

Twitter short brigade extremely quiet today......perhaps fell off their chairs after crunching the numbers for another month worth of borrowing fees and seeing all the local signatories who have sided with AVZ, want Zijin booted and the mine built asap

Goldman report is bollocks.
Report that China bought 5 lithium mines in Africa? Which mines? What output? Also bollocks.
I'm putting my head in the sand and going ostrich for a few months or until we get the next official announcement.
Cheers yall see you on the other side. I'm confident but pretty damned annoyed. Been in AVZ since 2017 so this is not a new feeling.

Tongue in cheek

 

[TheCount]

I think we have a classic case of "keeping your powder dry" by AVZ here. They know if they say anything it'll just come back 10 fold. Not feeding the trolls is probably the best course of action.

In the meantime we have another month to discuss how good VB is.

Um, there’s about 3 or 4 master brewers and then me on these pages - be careful calling VB ‘good’.

 

[Deleted member 2428]

Um, there’s about 3 or 4 master brewers and then me on these pages - be careful calling VB ‘good’.

Tried this yesterday, not too bad

 

[Samus]

Roon-Aus
516 Posts.
440
01/06/22
19:53
Post #: 61764041

Edit: Reply to @Stockinvesting

Based on what, exactly? All seems like a mess, to me.

Management's communication to shareholders during this period has IMO been dismal. I mean after a TH and several voluntary suspensions and extensions nobody here can even say with any certainty what the hold is about exactly, beyond the vague "our mining and exploration rights". Is it regarding the 15% Zijin claim? Is it about the 15% Dathomir claim? Is it about the IGF report findings, including the 5% Cominiere/Dathomir sale? Is it about the Mining Licence? Is it about the Surface Dues? Is it about the revision of tenements into a mining permit and another exploration permit? Is it about all the above? Is it about the review of mining licence decree whilst ownership is worked out?

I understand that we can't be privy to all workings, but we are the shareholders of a major prospective miner, many of us with large amounts of tied capital, and who yet are essentially completely into the dark as to what's progressing in the background.

Which, might I add, seems to be a perennial problem with management, given their apparent awareness of these ownership disputes from around this time last year - which somehow were deemed non-material yet are seemingly resulting in where we are stood today?

I remain yet hopeful of a positive outcome (which IMO certainly includes 51% AVZI holding of Dathcom, or 60%, or 66%), ideally without Zijin involvement given these shenanigans. However I question how any here (and there appear to be many) are viewing this situation in a glowing light, and even praising management for their actions.

Anyway, we will see what happens, but I honestly now expect this might be a long road that we're just beginning to trod - with some likelihood of legal action to unravel. And who would an extended period of uncertain reward? Certainly not the DRC (or AVZ) in my opinion, so hopefully the government can see their way through towards action to get this Beast of Manono moving - and in the 'right' hands, that will do their best to support the local people and interests whilst maintaining profits. I think we all know who that is!

 

[CashKing]

Um, there’s about 3 or 4 master brewers and then me on these pages - be careful calling VB ‘good’.

Hey I ain’t no master but I have enough beer for a week or so while we wait… A month is pushing it with 120 longnecks but I’ve doubled the fermenters incase of a even longer suspension

Ohh on another note see the Boys in Blue are getting Electric Police Cars in WA on the CH7 news tonight

GLTAH

 

[Retrobyte]

Tried this yesterday, not too bad

Am a fan

 

[Nbaz]

hmmm this site has now taken down the article abt all signatories wanting AVZ to get Manono up and running, very strange

Did someone pay them to take it down?

https://lesoclerdc.com/rdc-la-societe-civile-denonce-une-influence-politique-dans-le-dossier-dexploitation-du-lithium-de-manono/ns

Scroll down that page. I think it's the second article.

 

[TheCount]

View attachment 8311
Hey I ain’t no master but I have enough beer for a week or so while we wait… A month is pushing it with 120 longnecks but I’ve doubled the fermenters incase of a even longer suspension

View attachment 8312
Ohh on another note see the Boys in Blue are getting Electric Police Cars in WA on the CH7 news tonight

GLTAH

TC.

 

[CashKing]

View attachment 8313

TC.

Yep I’m not to worried…But I would like it sorted ASAP

Let’s see how AVZ play this out, I suspect and few positive announcements during this VOLUNTARY SUSPENSION…

See the hype media going nuts over AVZ we are getting good coverage , I always knew they couldn’t keep MANONO a secret,, ahh sit back and relax everyone it’s about to get real the pointy end is fun isn’t it

Stay Strong holders we got this

GLTAH

 

[Frank]

*Fyi, fwiw, fresh from mediacongo, as

Lubumbashi-Lithium: 18 NGOs plead for a good business climate

Eighteen NGOs and Civil Society platforms looked into the Manono Lithium file on Tuesday in Lubumbashi.

They recommend the preservation of a good business climate. They expressed it in a press release published on May 31, 2022.

Indeed, on May 6, the Minister of Mines, Mrs. Antoinette N’samba Kalambay, signed the DATHCOM MINING SAS operating permit for its joint venture project for the exploitation of Manono Lithium.

But since then, there has been an agitation for the acquisition of shares in this project.

This is the case of ZIJIN, which bought 15% of Cominière's shares in the joint venture and this “in violation of the laws of the Republic”, criticize the NGOs and platforms that signed the press release.

DATHCOM MINING SAS the only one to have made a geological study

For Civil Society Organizations and platforms, this unrest is likely to jeopardize the business climate.

Because DATHCOM MINING SAS has made enough progress on the file.

“The signatories remind everyone that Civil Society is very well informed that to date, only DATHCOM MINING SAS has carried out geological studies and it is with the support of engineers from La Cominière, a public company of the State and partner of the joint venture”.

Thus, they appeal to the Head of State, the "Guardian of the mining interests of the population so that no official uses influence peddling, nor to be in conflict of interest about Monono's Lithium ”, they say in the same press release.

It should be noted that among the signatory organizations, there is the Network of Environmental Communicators (RCEN), Lubumbashi.

We also note the Platform of Civil Society Organizations intervening in the mining sector (POM) as well as the Licoco to name a few.

 

[Samus]