AVZ Discussion 2022
- Thread starter GazDix
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I definitely wasn't expecting this one Beish, talk about a left field announcement!Well fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
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yet
For once, the word " imminent " was on the money......
Great news IMO, there's life in this old dog yet.
cruiser51
Top 20
First steps get in charge of 13359 and acquire the ML.
Keep ICC and ICSID arbitration cases going until the above achieved, signed and sealed in fucking blood.
To progress the arbitration cases, funding was required by end of month, early February.
The move of using GLH is to keep the Australian Government out of the picture because GLH is a Singaporean entity.
The Australian Government interests are to protect Australian mining.
To expect them to lift one finger to get Manono up and going was never going to happen.
Is it a good deal?
Locke funding was made as an interim, but I believe this deal to be better.
Locke held all the cards and could screw us completely over.
They aren't silly and had put a huge price on the risk they were prepared to take.
I would have been also very careful to go into sea with them.
I had in the back of my mind, this looks like a fucking Cash Converters type of deal, but it was needed at the time.
On the surface the deal with Cath seems to be much more advantageous, because it gives funding to continue with the arbitration cases and guarantees funding to build the mine.
A requirement for the ML.
Soooo
It looks like Zijin's so called announcement to start mining early 2026 seems to be a tactical move in this chess game.
They found out the Cath deal was about to happen.
It is in my eyes the exact reason that AVZ has to continue to keep its cards very close to its chest.
Its early morning here , it's a great ann but it still depends all on a mining licence ?? . Hopefully for north and south as north is still in stolen hands any thoughtsWell fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
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For once, the word " imminent " was on the money......
It's a complex agreement for sure with many moving parts and co-dependencies. However, there are also many opportunities so I am quietly hopeful.
While I want to see CATH and Zijin butt heads, and in turn Zijin and Cominiere butt heads, I feel that ultimately Beijing will continue to call the shots and keep them on song. It's a bit early to speculate on what will be Beijing's message to CATH, Zijin, but at the end of the day Beijing needs Manono more than Manono needs Beijing.
This announcement shows that the old girl still has a pulse, and remains defiant against the DRC's and China's shitfuckery.
Cheers
F
Left field alright !
Massive U turn going on here.
Cath funding AVZ litigation in lieu of Locke against their fellow chinese state competitor Zijin & co ?
AVZ going mining ?
Well fark me, for once we can talk stock ?
Well, i need to chat to the BOSS to get some clarifications, but on first read this is extremely positive, blown away to be @Frank !
Well done AVZ BOD !
cruiser51
Top 20
Why do you believe AVZ HAS to say that?
It would be a pretty fucking stupid statement at this stage.
The CATH deal incorporates a working capital component which wasnt included in the Locke deal. 9% interest rate not too excessive and the collateral backing not as onerous.
is Locke funding dead? can we still draw from it if required? I don't know if it was wise to can it without ML granted... isnt this agreement only valid once ML is granted to the whole of the tenement?
So many questions I can't find an answer too.
Nonetheless it seems (on face value) a better outcome than Locke but still... i just can't trust the Chinese.
So many questions I can't find an answer too.
Nonetheless it seems (on face value) a better outcome than Locke but still... i just can't trust the Chinese.
Dutchaussie86
Member
Fatz I suggest you have another read of the ann. Your answer is there buddy.
Hemicuda
Regular
just to clarify, I'm stating avz has to say their intent is to go mining.
they're applying/wanting to recover the mining license which obviously allows them to go mining. It would be a bad look to be stating they want the mining lease so they can sell the asset. If it was avz's stated intent to sell if off on the back of this announcement, then drc may start asking themselves why grant the mining lease to a company that has no intention of going mining. all speculation on my part of course.
Ashlee
Regular
Jason I don’t agree with you.
The initial collateral backing anyway. We don't know what the security backing is going to have to be after this first tranche is completed. They'll probably have solid leverage to push for something onerous. But that's probably a year down the line, lots of time for positive developments or momentum in that period.
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