AVZ Discussion 2022

[BEISHA]

In my opinion CATH are positioning for acquisition. Imo there's on going negotiations between avz and drc re. Mining licence and one of the questions that has come from drc is how on earth are you going to fund and build this? Avz responded by getting clarity on the partnership with CATH to show drc government the means.

However, I also believe that CATH fully intend to gain full control of as much of the project as they can. My rationale here is I don't see them needing avz at all in the picture. The only value we bring is the fact we own the project. The long term value to CATH by owning the additional % in the project even if it is the lower of the theorised %'s significantly outweighs the price that most shareholders would probably accept. If that is the case then the next thing I would ask is, is it possible in terms of capital for CATH and that answer is definitely yes. Tldr; that it makes no sense for avz to retain any % as this is against the desires for all parties involved.

Respectfully, i disagree with your post in its entirety.

In my opinion CATH are positioning for acquisition. Imo there's on going negotiations between avz and drc re. Mining licence and one of the questions that has come from drc is how on earth are you going to fund and build this? Avz responded by getting clarity on the partnership with CATH to show drc government the means

You state its your opinion, but you give off the vibe that you are a fly on the wall......

I also dont appreciate your disparaging comments regards to AVZ.......

The only value we bring is the fact we own the project.

Are you for real ?

Not only do we own the project, we found the project, we found and defined the greatest hard rock lithium project on the planet, produced a mind blowing DFS, received 3 favourable opinions.

Show some respect.

This is not a attack.........just a retort.

capisce ?

 

[BEISHA]

I didn't mean that AVZ were unknown to CATH overall. I meant it in the sense that they were unproven for execution and that if manono was important for them strategically then they might not want the risk of having an unproven company develop it. My perspective at the time of the previous TIA was completely opposite and I believed the intentions (of avz) were to leverage that strategic supply to negotiate a good partnership position. Which I believe was a very good outcome for AVZ. I believed the knowledge that CATH brought to the table was of significant value when it came to chemical production and I believed that was necessary to make this project as profitable as possible considering the transport costs. I believe that a part of the process for CATH to partner in the first place they would be privy to the ins and outs of this project and they know better then anyone.

However, I also believe that over time the importance to CATH has been more solidified and hence not wanting the additional risk of execution out of their control. I think this is also why we're seeing the recent announcement / TIA. Because the game has changed and they are here to win.

Sorry to be a pain in the arse, but i sense a common theme to your posts........

I meant it in the sense that they were unproven for execution and that if manono was important for them strategically then they might not want the risk of having an unproven company develop it.

LTR were unproven .........until they were proven.

Construction / under ground Mining aint rocket science.

Especially DSO.

I think AVZ are very capable, the hards yards were proven up just prior to ML decree ....

Cath need AVZ, but AVZ dont need Cath necessarily...........(except their cash to maintain the heat regards to arbitration, working capital )

AVZ had options outside of Cath, Saudi Arabia is a thing, there has been chinese whispers about them for months, Cath knew that IMO, thats why they offered AVZ the 49% sweetner with the hydroxide plant ( their expertise ) to hopefully seal the deal their way, the other positive with Cath JV from AVZ perspective as i see it IMO, is that they would have alot more clout reputation wise and more capability to achieve what the other fuck knuckle failed to do miserably ........

Dont get me wrong , i am not under estimating Cath worth as opposed to your over estimation, but i dont think they will be taking over AVZ, cause one of the few things i do believe within the DRC govt, is they are finally seeing the light as the rest of the world have recognised for a while , that a over reliance of China is not a good thing and wants to diversify

Time will tell.

 

[BEISHA]

To add to my previous post if CATH fund part of the mine construct and processing why would they want avz involved in construction or operations? They specifically wouldn't want that as they would view us (rightfully) as rookie. Also, do they need help finding the additional capital that they've proposed to loan avz in this last announcement in the scenario where they own fully? Absolutely not it's only an additional few hundred m...

To add to my previous post if CATH fund part of the mine construct and processing why would they want avz involved in construction or operations? They specifically wouldn't want that as they would view us (rightfully) as rookie.

 

[Carlos Danger]

Hi Carlos, appreciate the commentary and sharing to date. Lots of thought provoking posts. Thank you.

Regarding your question on Dathomir's 15%. I think the ICC case will go in AVZs favour as it seems like a classic case of buyers remorse and Id like to think they'll see through that. But there could easily be pieces of information that I simply don't know about that raise issues in the case.

I believe that in every scenario we need to have the blessings of the DRC government whether that is through accommodating some requirements I don't know about (e.g. bringing in a more established partner), or whether through pressure from political or legal means. Regardless i believe we need the DRC government blessings to proceed. I believe this because even if we win ICC they could cause all kinds of issues when going to apply those rulings within the country.

It would be reasonable to think the ICC case could start a chain reaction in favour of AVZ, flowing into ICSID. But to be honest based on this new TIA announcement I think a negotiation which includes the blessing from DRC government is more likely and definitely the way to go at this stage. We need their support.

Well that seems like a reasonable view

I agree that generally speaking it is always wise to realise there may be unknowns in any situation. Just ask anyone claiming as fact that the outstanding fees at the ICSID had been paid with Locke funds lol

However all of the arguments regarding Dathomir's 15% are known

Cong’s own lawyer admitted in court that completion occurs upon payment under Article 2.1 of the SPA’s

Cong’s argument is that he had the right to terminate citing an Article from OHADA but that rule is about negotiations using an expert to value the shares in an absence of agreements not a get out of contracts free card

Cong signed the SPA’s, convened EGM’s to ratify and even got notary deeds to confirm his intention to be bound to the agreements

Tick tock imo

Although as I've stated here previously I do agree it will then depend on whether the DRC Supreme Court does the right thing on this matter which remains to be seen

I mainly asked because our good friend voldergeist does have a problem admitting that his mate Cong made a bad deal and then tried to back out of it like a dirty little rat

Don’t take the hostility personally. I’ve been dropping mountains of facts for years now and I still cop it regularly. If you had been lurking all this time you should understand that is how things are here.

 

[marksmann007]

 

[TheCount]

Yes your Post has MERIT

AVZ management need to update all their S H in regards to many matters
Not just using smoke and mirrors....just too confusing for S H...imo

 

[Ancient]

Respectfully, i disagree with your post in its entirety.

In my opinion CATH are positioning for acquisition. Imo there's on going negotiations between avz and drc re. Mining licence and one of the questions that has come from drc is how on earth are you going to fund and build this? Avz responded by getting clarity on the partnership with CATH to show drc government the means

You state its your opinion, but you give off the vibe that you are a fly on the wall......

I also dont appreciate your disparaging comments regards to AVZ.......

The only value we bring is the fact we own the project.

Are you for real ?

Not only do we own the project, we found the project, we found and defined the greatest hard rock lithium project on the planet, produced a mind blowing DFS, received 3 favourable opinions.

Show some respect.

This is not a attack.........just a retort.

capisce ?

Thanks for the reply.

I meant no disrespect to AVZ as a company. I mean it through the eyes of CATH. The company (AVZ) has done a great job discovering and defining the project and done there best when trying to navigate the politics of it to get it mining. I believe we should be fairly paid for that work. But I also believe that payment makes sense for CATH. I am not trying to say I definitely think this will happen or anything. I am saying that it's possible that's the mentality that CATH could have.

I'm definitely not a fly on any wall I am just a long term retail holder that probably knows a fraction of what many know here. Just sharing my thoughts to get some good discussion going.

Again I didn't mean to annoy anyone with my comments about avz being an execution rookie or adding any value. Don't take that wrongly. I should have worded it better.

 

[Retrobyte]

AVZ need CATH and the Chinese...!!!!!

Rio Tinto, Glencore discuss mining’s biggest-ever potential merger

Combining the two businesses would potentially create a behemoth to leapfrog longstanding industry leader BHP Group.

www.mining.com

 

[TheCount]

 

[Xerof]

I simply report "Troll" and push the send button multiple times, usually about 10, and if the shitstain remains, just repeat another 10 times. "Troll" must be sufficient information to determine that the forum rules have been broken , as I've never had a threatening letter

 

[BEISHA]

Well that seems like a reasonable view

I agree that generally speaking it is always wise to realise there may be unknowns in any situation. Just ask anyone claiming as fact that the outstanding fees at the ICSID had been paid with Locke funds lol

However all of the arguments regarding Dathomir's 15% are known

Cong’s own lawyer admitted in court that completion occurs upon payment under Article 2.1 of the SPA’s

Cong’s argument is that he had the right to terminate citing an Article from OHADA but that rule is about negotiations using an expert to value the shares in an absence of agreements not a get out of contracts free card

Cong signed the SPA’s, convened EGM’s to ratify and even got notary deeds to confirm his intention to be bound to the agreements

Tick tock imo

Although as I've stated here previously I do agree it will then depend on whether the DRC Supreme Court does the right thing on this matter which remains to be seen

I mainly asked because our good friend voldergeist does have a problem admitting that his mate Cong made a bad deal and then tried to back out of it like a dirty little rat

Don’t take the hostility personally. I’ve been dropping mountains of facts for years now and I still cop it regularly. If you had been lurking all this time you should understand that is how things are here.

The use of the word HOSTILITY has many connotations which can be misinterpreted many ways....

No one has been " hostile " to @Ancient and no one has been " hostile " to you either, nor the fact you " cop it regurlarly ".......complete BS!

You are one of the most revered posters on this forum carlos.

This is a discussion form, where vigorous debate is a healthy thing, big difference between that and hostile .......IMO

"Just ask anyone claiming as fact that the outstanding fees at the ICSID had been paid with Locke funds lol "

Btw, nice subtle dig, could i construe that as being hostile ?

If you dont believe me, contact the BOD bud.

 

[DiscoDanNZ]

It's not wisdom. I just wanted to further add to a discussion and provoke some others to share their thoughts. There's no doubt I have a bunch of things wrong but I'm just doing my best based on what I do know.

Not sure what you are getting at suggesting to talk to that Shane person. If my understanding is right they basically scammed a bunch of people into giving away their shares and I think that's absolutely disgusting.

There's no need to be rude to me about sharing some views on the current situation.

I agree that they probably wouldn't want the arbitration to continue. I didn't mean the arbitration isn't useful. It definitely helps apply pressure to negotiate. I was more commenting on the fact some people think the ICC case will result in some massive and immediate win. My thought is directly (the ruling) maybe not so much important if they're still hostile within the country then the block Is still there.

Not sure what you are getting at suggesting to talk to that Shane person.

That's exactly what Shane would say.

 

[Scoota30]

Saudi anyone?

Watch the video.

Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment

 

[robface]

The use of the word HOSTILITY has many connotations which can be misinterpreted many ways....

View attachment 76183

No one has been " hostile " to @Ancient and no one has been " hostile " to you either, nor the fact you " cop it regurlarly ".......complete BS!

You are one of the most revered posters on this forum carlos.

This is a discussion form, where vigorous debate is a healthy thing, big difference between that and hostile .......IMO

"Just ask anyone claiming as fact that the outstanding fees at the ICSID had been paid with Locke funds lol "

Btw, nice subtle dig, could i construe that as being hostile ?

If you dont believe me, contact the BOD bud.

What day did you contact them?

 

[Xerof]

What day did you contact them?

Christmas Day, wishing them and their families a very merry christmas. What about you?

Would you take a screen shot if he replied? If so, for what purpose and for who? If not, why did you ask?

 

[robface]

Why would I take a screenshot if he replied?
I guess we'll just wait for an update.

Do you think ICSID fees have been paid with Locke funds?

 

[Xerof]

Why? Because it's my impression every question you ask infers you are seeking evidence of someone having insider information, thats why.

But that's just my suspicious nature

The last announcement says AVZ no longer needs to draw upon the Locke funding facility, as CATH has provided a Pre-Completion funding facility. Not sure that can be read any other way than that no drawdowns had taken place.

I don't know for sure, but as an educated guess, I would say the funds raised from Convertible Noteholders was possibly used to pay the fees, or simply out of the general pot. I think it's too early to say the CATH funds are available, and AVZ say as much - 'end of January for $10m'

I'm assuming the fees have been paid - I don't know that either, but I am relying on comments from credible others. In the end it's a minor detail as they have a few more weeks to pay anyway

Hope this helps in some small way

 

[Roon]

Why? Because it's my impression every question you ask infers you are seeking evidence of someone having insider information, thats why.

But that's just my suspicious nature

The last announcement says AVZ no longer needs to draw upon the Locke funding facility, as CATH has provided a Pre-Completion funding facility. Not sure that can be read any other way than that no drawdowns had taken place.

I don't know for sure, but as an educated guess, I would say the funds raised from Convertible Noteholders was possibly used to pay the fees, or simply out of the general pot. I think it's too early to say the CATH funds are available, and AVZ say as much - 'end of January for $10m'

I'm assuming the fees have been paid - I don't know that either, but I am relying on comments from credible others. In the end it's a minor detail as they have a few more weeks to pay anyway

Hope this helps in some small way

I would've thought if the fees had been paid already then this would be reflected on the ICSID tracker. It seems to have been pretty up-to-date to this point. Anyway I'm sure we'll find out from the company or another channel soon enough

 

[Xerof]

PRE-COMPLETION you twat

Thats pre-completion of the JV and other arrangements etc etc - no strings attached, only the usual 'no material adverse change and standard conditions' etc - 10m unsecured

everything else relates to the JV

margarita time down the road for me - bye

This post was to correct the bullshit and misinformation contained in the post that was reported and taken down within 5 minutes, bye again

 

[wombat74]

View attachment 76151

but don't know if there's any corresponding restrictions for AVZ to sell to a saudi company for example.

Saudi's and CATH would probably be quite happy with a JV. Both own the mine, CATH makes batteries in middle east

AVZ gonna last about 2 seconds after the ML is secured imo . Someone must have shown the thickheads in the DRC Gov the amount of $$$ they gonna get from the sale . Now they be on the down low working out what offshore bank accounts they can stuff a $$Billion $$ into . imo