AVZ Discussion 2022
- Thread starter GazDix
- Start date
This is the best 'shortened' version I have seen. It's a good succinct one to tag politicians and media on, on X as it's not a difficult read that's full of legal jargon and confusing details.
The actual full-length versions I have seen has twists and turns that would make an epic Netflix series (would need to be a series, the saga is so long) but -not great to share as a quick summary to capture attention.
Interesting, this post from Frank in 2023 mentions Kobold metals…Fyi, In other News, I see where
China’s grip on Africa’s minerals sparks a US response
The US is going full steam ahead in its effort to catch up with China in a part of the world that’s become central to the green transition: Africa’s “Copperbelt.”
Loaded with minerals critical to the production of batteries and other renewable energy components, Zambia and the Democratic Republic of Congo have become the latest venue in the struggle for advantage between Washington and Beijing.
As part of its stated ambition to challenge China’s dominance, the Biden administration saw an opportunity to revitalize a century-old rail line linking key African mines to an Atlantic Ocean port.
Called the Lobito corridor, the US is investing hundreds of millions of dollars on the project.
In the Bloomberg Originals mini-documentary How the US Can Rival China in Africa, we show how the initiative could offer a quick route to the US and the European Union for these critical elements.
But the US is late to the game.
China first built a rail line in the 1970’s heading eastward out of the Copperbelt to the port of Dar es Salaam in Tanzania.
A Chinese state company later rebuilt a key railway line in Angola at an estimated cost of $2 billion.
Over the past decade, President Xi Jinping’s Belt and Road Initiative has seen China invest almost $1 trillion dollars on infrastructure projects in developing countries.
The US hasn’t come close to matching that.
Now, this may be changing, with the Lobito corridor serving as a flagship for the plan by US President Joe Biden and the Group of Seven to invest $600 billion in similar projects over five years.
However, it’s not just infrastructure that China has dominated.
Much of Congo’s copper production is controlled by Chinese companies, and there’s been little US investment in Zambian mining.
A Silicon Valley startup called KoBold metals says it wants to alter that dynamic.
Backed by Bill Gates and OpenAI’s Sam Altman, the company is racing to transform its massive copper deposit in northern Zambia into a mine that will be a key beneficiary of the Lobito corridor project.
www.mining.com/web/chinas-grip-on-africas-minerals-sparks-a-us-response/
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Zimbabwe lithium export earnings treble as projects take off
Zimbabwe earned $209 million from lithium exports in the first nine months of 2023, nearly treble last year’s earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and processing projects take off.
Africa’s top lithium producer, Zimbabwe hopes demand for the mineral, which is key for renewable energy storage, will help revive its ailing economy.
Lithium is set to become Zimbabwe’s third biggest mineral export after gold and platinum group metals, which registered $2.46 billion and $2.27 billion in export receipts last year.
“The revenue generated from the export of lithium grew from $1.8 million in 2018 to $70 million in 2022.
By September 2023, a total of $209 million had been realized from lithium exports,” Soda said at a mining conference in Bulawayo.
Chinese firms, including Zhejiang Huayou Cobalt, Sinomine Resource Group, Chengxin Lithium Group, Yahua Group and Canmax Technologies, have spent more than $1 billion over the past two years to acquire and develop lithium projects in Zimbabwe.
Most of these companies have built processing plants commissioned this year and are shipping lithium concentrates to China for further processing.
Zimbabwe’s government banned raw lithium exports last year, as it seeks to get more value from the mineral.
Other major producers are expected to start operations in Zimbabwe in 2024 as the country seeks to expand output, Soda said.
China to invest $2.8 billion in Zimbabwe in lithium, energy
Chinese companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages.
The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates, which eon licenses to invest $498.5 million.
The total value of investment licenses awarded was $3.41 billion.
Chinese applications “were the most by number and investment value with mining being their most preferred sector followed by the manufacturing sector,” the Zimbabwe Development Agency, the state-owned unit tasked with securing investment, said in a report on Wednesday.
China accounted for more than two thirds of the 180 applications.
Chinese companies have been buying lithium mines, which supply a key component for the batteries used in electric vehicles.
They are also involved in revamping and building power plants in the country.
Of the planned investment $2.8 billion is slated for energy projects and $411 million for mining.
One China-backed project is a $2.3 billion planned energy and mining complex that will process minerals in Mapinga while another is 500 megawatt solar energy project.
The mines ministry said Wednesday the country has earned $209 million in revenue from lithium exports in the nine months to September.
www.mining.com
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Food for thought ( Felix you Fool )
GLTAH's
Cheers
Frank
Did you notice my 92 likes and 14 bulbs for basically calling tolate a c--t ? Hooter be sticking pins in his Wombat doll . I don't mind going over there now and again to sink the boot into those low life scumbags .Yet you and wombie still post there.........
For the life of me, cant understand why anyone would bother frequenting the AVZ HC shit hole thread never lone @elphamale having 4 cracks trying to post generic information.
Shabby treatment for a dude who was one of the most informative posters at HC back in the day when whale memes were par for the course.
Those were exciting times, now its just full of
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I consider calling Superhooter out at every opportunity an essential part of my time on the AVZ thread. Luv bashing him. Cunt that he is
Carlos Danger
Top 20
You’ve obviously never googled my name. I strongly recommend not doing so on a work computer. If it wasn’t for Carlos Danger then Trump would have never been President and we would still be stuck with Jeffrey Epstein’s pedo buddy’s wife in the White House which would mean that no one would have ever found out about what they were doing to those kids on the island lolI did ages ago.
View attachment 72382
Cmon over folks and explain to me why you think a rascist, rapist , 6 time bankrupt, fraudster, misogynist, putin puppet , Epstein lover , wannabe dictator, convicted felon who suffers cognitive decline just as much as biden ..........would be a good leader for the most powerful / influential country in the world.
I dare you....
Carlos Danger
Top 20
Azzler
Top 20
Oh well it sounds like you don't like what I'm saying so why don't you block me?
*Insert MASSIVE fucking eyeroll*
Dave Evans
Regular
I’m going to give everyone here my view on the US. I’m not going to get into any bullshit about how I feel about trump, this is an AVZ thread, not a thread about bullshit.
The fact is he’s leading in the electoral college votes and it looks like he’s going to win. Business in the US loves that and the US business climate affects the Australian business climate.
Australian stocks are up today, especially IT stocks and I would think US and Australian stocks will be up again tomorrow if he wins.
The other thing about this is it will be good for AVZ. trump wants more manufacturing and jobs in the US and even if he’s a non believer in climate change and a friend of the big texan fossil fuel companies, he will still want lithium batteries manufactured in the US.
This bodes well for companies like KoBold buying out all those with claims on Manono and those big names associated with Kobold have contacts with deep pockets.
Usually I just like commenting on AVZ but I think the macro economic picture here is relevant and good for AVZ shareholders.
The fact is he’s leading in the electoral college votes and it looks like he’s going to win. Business in the US loves that and the US business climate affects the Australian business climate.
Australian stocks are up today, especially IT stocks and I would think US and Australian stocks will be up again tomorrow if he wins.
The other thing about this is it will be good for AVZ. trump wants more manufacturing and jobs in the US and even if he’s a non believer in climate change and a friend of the big texan fossil fuel companies, he will still want lithium batteries manufactured in the US.
This bodes well for companies like KoBold buying out all those with claims on Manono and those big names associated with Kobold have contacts with deep pockets.
Usually I just like commenting on AVZ but I think the macro economic picture here is relevant and good for AVZ shareholders.
RHyNO
Regular
As usual @dave some good measured insight. Agree
From an AVZ shareholder point of view, I wonder if he will abandon the Democrats' policy of financial support for the Lobito corridor rail link.
You would think, given Trump's published views on international aid in general, and African aid in particular, that he may tear up the agreement.
Just thinking out aloud.
Cheers
F
Cumquat Cap
Regular
Agree Dave, it is certainly possible trump rips up Lobito corridor funding - but he won’t do this before he tries to screw the related African countries over a barrel - art of the deal etc
If for strategic reasons trump takes (his son Eric involved in African investing) a cursory interest in the DRC/Gertler affair - Felix will be fucked imo
Dems have been too soft/patient in my view (not a trump supporter by any stretch)
If for strategic reasons trump takes (his son Eric involved in African investing) a cursory interest in the DRC/Gertler affair - Felix will be fucked imo
Dems have been too soft/patient in my view (not a trump supporter by any stretch)
My thoughts are if there is a buck to be made he wont - if its in America's interest.
Regards,
SilentOne
Yes, indeed there is no interest like self-interest.
However, I understand that the US owns no major mines in the DRC. Most large-scale DRC copper and cobalt mining operations are joint ventures between Chinese companies and the DRC-owned Gécamines.
I am unsure if US mining interests in Zambia alone are sufficient to sway Mr Trump.
Cheers
F
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Mute22
Regular
Usual pumpers are awfully quiet on all channels..
Hodlandwin69
Regular
...
Dave Evans
Regular
Usual pumpers are awfully quiet on all channels..
Okay Mute, I’ll throw my hat into the ring. Obviously there will be announcement this week which will include our cash balance which we know has been substantially drained by litigation funding because that was the plan by the corrupt actors involved.
I imagine Zijin’s lawyers (Fasken) have done everything they could do to stall our arbitration. I also imagine we will see remuneration cuts from the BOD and possibly an announcement that the Locke funding has finally been approved.
Why has it taken so long is a question that’s been brought up a number of times and no one has answered it. Here’s a few possibilities I can think of. The BOD may have put it off in the hopes that the DRC might negotiate a fair deal, but knowing the corruption in the DRC, the DRC more than likely kept leading us on with meetings in Belgium and France before the minister of lies, whoops, I mean minister of mines decided to come out with a lie and say there were no meetings between AVZ and DRC representatives.
Another reason could be, perhaps powerful people behind the scenes were trying to delay ICC and ICSID orders being enforced because they had their own plans for negotiations.
I’m talking about Bill Gates and his billionaire mates who are behind Kobold. We know one of those men in the group that recently visited our site was a geologist who worked with AVZ on our DFS and knows the value of our project.
By the way, if people working behind the scenes for Jeff Bezos, Bill Gates and Kobold are looking at buying this project out and want AVZ to end arbitration, here’s my thoughts on what our project is worth
We have a defined lithium pegmatite deposit of 840 million tonnes (equal to 13.5 million tonnes of Li2O) multiplied by today’s price which is at a low) of US$800/tonne = $US10.8 billion.
Thats AU$15,654,000,000.00
= $15 billion 654 million Australian dollars
= > $4 per share
Li2O has been over US$8000/tonne
= Over $150 billion Australian dollars
= > $40 per share
Lithium futures prices recently were between US$1,000 - US$2,000/tonne
= Over $5 per share
Near term futures pricing is short to medium term and the life of mine pricing should be well above that
The only thing I would add is that if the members of Fat Tail had rolled our BOD last year, there’s a good chance they would have sold out for $0.01 cent a share. That was what they seemingly thought it was worth.
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Mute22
Regular
Hoping the delay on Locke and eerily quiet communication from the ‘inner circle’ is because of some genuine progress or deal behind the scenes.Okay Mute, I’ll throw my hat into the ring. Obviously there will be announcement this week which will include our cash balance which we know has been substantially drained by litigation funding because that was the plan by the corrupt actors involved including everyone associated with Zijin.
I imagine Zijin’s lawyers (Fasken) have done everything they could do to stall our arbitration. I also imagine we will see remuneration cuts from the BOD and possibly an announcement that the Locke funding has finally been approved.
Why has it taken so long is a question that’s been brought up a number of times and no one has answered it. Here’s a few possibilities I can think of. The BOD may have put it off in the hopes that the DRC might negotiate a fair deal, but knowing the corruption in the DRC, the DRC more than likely kept leading us on with meetings in Belgium and France before the minister of lies, whoops, I mean minister of mines decided to come out with a lie and say there were no meetings between AVZ and DRC representatives.
Another reason could be, perhaps powerful people behind the scenes were trying to delay ICC and ICSID orders being enforced because they had their own plans for negotiations.
I’m talking about Bill Gates and his billionaire mates who are behind Kobold. We know one of those men in the group that recently visited our site was a geologist who worked with AVZ on our DFS and knows the value of our project.
By the way, if people working behind the scenes for Jeff Bezoss, Bill Gates and Kobold are looking at buying this project out and want AVZ to end arbitration, here’s my thoughts on what our project is worth
We have a defined lithium pegmatite deposit of 840 million tonnes (equal to 13.5 million tonnes of Li2O) multiplied by today’s price which is at a low) of US$800/tonne = $US10.8 billion.
Thats AU$15,654,000,000.00
= $15 billion 654 million Australian dollars
= > $4 per share
Li2O has been over US$8000/tonne
= Over $150 billion Australian dollars
= > $40 per share
Lithium futures prices recently were between US$1,000 - US$2,000/tonne
= Over $5 per share
Near term futures pricing is short to medium term and the life of mine pricing should be well above that
The only thing I would add is that if the members of Fat Tail BOD had rolled our BOD last year, there’s a good chance they would have sold out for $0.01 cent a share. That was what they seemingly thought it was worth.
Not sure what else would cause anyone here to ‘Jump for joy’, certainly not years more litigation
Remark
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