https://mines.cd/rdc-lavz-minerals-pret-a-produire-400-millions-de-tonnes-de-lithium-a-manono/
Best get the ball rolling soon for the benefit of all.
Best get the ball rolling soon for the benefit of all.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
The Australian mining company says it is ready to produce 400 million tonnes of lithium from
Manono deposit in the province of Tanganyika in the east of the Democratic Republic
of Congo.
This major Australian mining company intends to launch its lithium extraction activities in this
part of the Republic on this, a ministerial decree officially authorized the granting of the permit
of exploitation 4a AVZ minerals. During the DRC Mining Week forum held in
Lubumbashi from June 1 to 3, 2022, an official of this mining company expressed the
will and vision around the Manono lithium deposit project, whose giant
australian owns 75% of the shares and 25% of the Congolaise d’exploitation miniére SA
(COMINIERE SA) which is a public company.
“The ministerial decree has been signed for the granting of the operating permit, we are just waiting
Formalization to start the execution of the works. Every day of delay causes us
loss between $1 million in revenue and $300,000 in tax for the country,” said
Serge Ndandu, Director of Corporate Affairs 4 AVZ.
In addition, a feasibility study led by Avz minerals has shown that the reserves of the
lithium from Manono are estimated at 132 million tons with 1.6% of lithia (content of
lithium oxide). “These reserves represent 30 years of exploitation and we have
resources at the level of 400 million tonnes with 65% Lithia,” said Serge Ndandu.
In addition, the need for lithium remains enormous, according to the International Energy Agency (ATE)
in its annual report. The demand for lithium, cobalt and graphite should be multiplied
by six by 2030, to 500 kilotonnes, requiring the opening of 50 new mines in the
world. The DRC, Australia and Chile are the leading countries on these matters
firsts in the world. The Manono Lithium has the particularity of having "fingerprints
lowest carbons of any lithium mine in the world. concluded Serge Ndandu.
Manono deposit in the province of Tanganyika in the east of the Democratic Republic
of Congo.
This major Australian mining company intends to launch its lithium extraction activities in this
part of the Republic on this, a ministerial decree officially authorized the granting of the permit
of exploitation 4a AVZ minerals. During the DRC Mining Week forum held in
Lubumbashi from June 1 to 3, 2022, an official of this mining company expressed the
will and vision around the Manono lithium deposit project, whose giant
australian owns 75% of the shares and 25% of the Congolaise d’exploitation miniére SA
(COMINIERE SA) which is a public company.
“The ministerial decree has been signed for the granting of the operating permit, we are just waiting
Formalization to start the execution of the works. Every day of delay causes us
loss between $1 million in revenue and $300,000 in tax for the country,” said
Serge Ndandu, Director of Corporate Affairs 4 AVZ.
In addition, a feasibility study led by Avz minerals has shown that the reserves of the
lithium from Manono are estimated at 132 million tons with 1.6% of lithia (content of
lithium oxide). “These reserves represent 30 years of exploitation and we have
resources at the level of 400 million tonnes with 65% Lithia,” said Serge Ndandu.
In addition, the need for lithium remains enormous, according to the International Energy Agency (ATE)
in its annual report. The demand for lithium, cobalt and graphite should be multiplied
by six by 2030, to 500 kilotonnes, requiring the opening of 50 new mines in the
world. The DRC, Australia and Chile are the leading countries on these matters
firsts in the world. The Manono Lithium has the particularity of having "fingerprints
lowest carbons of any lithium mine in the world. concluded Serge Ndandu.
At least Mines.cd is stating that AVZ already own 75% and 25% COMINIERE which is good news.
MINES.CD is the largest mining information site in the Democratic Republic of Congo and Central Africa
I dont have a crystal ball .........just like everyone else, but i do know how to chart and i do know my Elliott Wave theory, for the benefit of others who havnt been following my charts, i have been banging on that the sub wave 4 down wont breach the heights of sub wave 1 up, which happens to coincide with a strong support zone underneath, i see no more than a further 5% drop tops, and i am extremely confident that by the time AVZ gets back on the trading table on 1/7/22 ( hopefully ) MACRO will have stabilised.
RSI 14 is a bees dick away from OVER SOLD, on the DAILY chart , its already there, not alot of downside to go.
Further too that, I also expect that by the time AVZ trades again, the GLOBAL X, will have breached that strong resistance zone highlighted in RED.........which means a trend reversal.
Currently , i see a bull flag pattern ( yellow arrow ) and the RSI 14 primed to bust that 50 green line.........
Obviously all that needs CONFIRMATION, just a theory atm, but if i am right, then sentiment for all lithium players will get a jolt in the arm.
Time will tell.
imo
DiscoDanNZ
Regular
View attachment 9246
I dont have a crystal ball .........just like everyone else, but i do know how to chart and i do know my Elliott Wave theory, for the benefit of others who havnt been following my charts, i have been banging on that the sub wave 4 down wont breach the heights of sub wave 1 up, which happens to coincide with a strong support zone underneath, i see no more than a further 5% drop tops, and i am extremely confident that by the time AVZ gets back on the trading table on 1/7/22 ( hopefully ) MACRO will have stabilised.
RSI 14 is a bees dick away from OVER SOLD, on the DAILY chart , its already there, not alot of downside to go.
Further too that, I also expect that by the time AVZ trades again, the GLOBAL X, will have breached that strong resistance zone highlighted in RED.........which means a trend reversal.
View attachment 9251
Currently , i see a bull flag pattern ( yellow arrow ) and the RSI 14 primed to bust that 50 green line.........
Obviously all that needs CONFIRMATION, just a theory atm, but if i am right, then sentiment for all lithium players will get a jolt in the arm.
Time will tell.
View attachment 9253
View attachment 9254
imo
Love the analysis and thanks for making it easy to understand for a non-chartist but I can't help but wonder if it's cooked?
" cooked "Love the analysis and thanks for making it easy to understand for a non-chartist but I can't help but wonder if it's cooked?
Not sure i follow , you mean the DOW chart ?
DOW futures up 270pts and growing.
DiscoDanNZ
Regular
I was just trying to be a good chartist like Twot Investor...
Haha, you mean HOT INVESTOR ?
Or that other dick head FLASH POINT ?
I can get away by saying this, ole Hot , put his lifes savings ( 70k ) in SPX aka Cirralto, bought around 8c.....its now .008c....
If Flash Point took notice of my advice or Cabbie or Hoots, he would have saved 50% on LTR
LTR now 1.02 and as we all know, is in the ORPHAN period, not even TESLA offtake could stem the slide, remember when AVZ had 3 offtakes and it failed to move the dial ?
That was in a bull market too, unlike the Bear market which we have right now.
LTR could drop to 90/80c or lower.
imo
DiscoDanNZ
Regular
4 of my holdings are even... AVZ in suspension, DRE in trading halt, BAT has already shit the bed in the last year and VRC but I'm already down 20% in one and a half weeks so far anyway so might as well be red LOL.
My Portfolio is only down 1.65% today so I'll take that as a win since I'm beating the ASX.
Rediah
Regular
Excellent work on the chart, i didnt understand a thing but you had me at " lithium players will get a jolt in the arm"
Q: US is going to announce rate hike today , some 75 basis points, would it drag the market again in red when their market opens ? sorry if i got the terminology wrong
Samus
Top 20
Perhaps all the haters are too worried about their own portfolios for the moment.
AVZ's just about outperforming everything right now.
Saw that guy too, sounds like wishful thinking whatever he's trying to imply.
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