Bray
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Thanks Beish
AVZ Discussion 2022
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Locals slam Zimbabwe for turning a blind eye to Chinese miner’s violations
MASVINGO, Zimbabwe — At the end of November last year, Zimbabwean President Emmerson Mnangagwa and Sinomine Resource Group chair Wang Pingwei walked into a lithium processing plant, construction hats firmly on. With a crowd of policymakers, company workers and press looking on, they hailed the...
news.mongabay.com
Common themes......
Africa being used and abused by china, governments weak as fuck, the locals being the biggest loser.
Fuck i hate the CCP!
Winenut
Go AVZ!
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Winenut
Go AVZ!
Xi and Putin are fucking communist autocrats (oh actually dictators more correctly) with a larger world agendaIf you want to buy something you need money.
How much money does Russia have at this very moment, do you think CATL will be happy with rubles, or will Russia pay with natural gas?
Way to go, sell lithium batteries for natural gas.
Don't forget China can make the best vodka, they don't need Russia for that.
They'll find a way if it suits their broader ambitions....IMO
Love the merry-go-round
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Yo
u just fucked with my head
Winenut
Go AVZ!
Sorry bud...
What's your favourite tipple again???
Have 4 or 5....doubles
I clearly have
30.5% . That's like valued us at half of the mcap on last trading???
Also 100% uncommitted off take, looks like we tied with the Chinese now ?
How I'm reading this at first glance:
Regarding ownership dispute.
- CATL think we might win this, or are at least hedging their bets
- We retain the ability to finance mining, which is a pre-requisite for the mining license (very important)
- $259.25M / AVZ Shares on issue * 30.5% = 24c per share?
- We can use funding for operational costs
- We haven't paid arbitration fees yet
- We have funding until End of 2027
- CATL can't onsell their stake to scumbags
Other bits and pieces:
- We need to provide collateral to get the remaining $10M
- Their is no escrow or break fee any more
- Capitalisation of interest
Interesting to know what the Chinese are thinking with one Chinese company financing legal fees against another's interests.
Unless they are leaving options open to switch horses during the race and leave the DRC high and dry.
Regarding ownership dispute.
- CATL think we might win this, or are at least hedging their bets
- We retain the ability to finance mining, which is a pre-requisite for the mining license (very important)
- $259.25M / AVZ Shares on issue * 30.5% = 24c per share?
- We can use funding for operational costs
- We haven't paid arbitration fees yet
- We have funding until End of 2027
- CATL can't onsell their stake to scumbags
Other bits and pieces:
- We need to provide collateral to get the remaining $10M
- Their is no escrow or break fee any more
- Capitalisation of interest
Interesting to know what the Chinese are thinking with one Chinese company financing legal fees against another's interests.
Unless they are leaving options open to switch horses during the race and leave the DRC high and dry.
$260m/4b shares is 6.5cps
obe wan
Regular
Its USD so 420m AUD
Yep, so AUD 10.5cps
obe wan
Regular
Based on shares registered ; they’ve acquired GLH so not sure how issued shares work in that regard as yet . But current shares issued is circa 3.6billion ; based on 30.5% that’s circa 1.1B shares for 420m AUD that’s around 38c roughly
For your 6.5cps , you initially divided 260m USA ‘value’ by a quantity of 4 billion shares and didn’t use fhe 30.5% factor . AVZ is currently valued at $2.77b at the suspended price.
Don't we need FIRB approval for this new agreement?
Too me on the whole seems positive.
The big question is not how does this value the company, it's how does the valuation compare to the initial CATH deal.
(rounded figures, i'm lazy)
First deal was 24% for $240mil. ~1 Bil MC
This deal 30% for $280mil. ~0.86 Bil MC
So despite AVZ's situation, and aaaall the shit we've been through, and still have to go through...
it seems CATH still willing to value the company similarly to their previous arrangement.
Sure, slightly less, circa 15%, but they' thrown in some other sweeteners to help us power through to the end of this shit show. That's a very positive sign to me. Don't use this price to try and estimate what our MC should be. Just as useless as trying to do the same thing when they made the first deal. OF COURSE they are getting a bargain! Because of what else they can bring to the table. They get a good deal but it increases the value overall because it increases the potential of what we can achieve.
But on the whole:
This is the best sign we've received in years that we are nearing the end of this thing, we're gonna survive it, get what we deserve!
Some more random thoughts.
This is still a great deal for the Chinese. They will get all the Lithium they need.
The big question is not how does this value the company, it's how does the valuation compare to the initial CATH deal.
(rounded figures, i'm lazy)
First deal was 24% for $240mil. ~1 Bil MC
This deal 30% for $280mil. ~0.86 Bil MC
So despite AVZ's situation, and aaaall the shit we've been through, and still have to go through...
it seems CATH still willing to value the company similarly to their previous arrangement.
Sure, slightly less, circa 15%, but they' thrown in some other sweeteners to help us power through to the end of this shit show. That's a very positive sign to me. Don't use this price to try and estimate what our MC should be. Just as useless as trying to do the same thing when they made the first deal. OF COURSE they are getting a bargain! Because of what else they can bring to the table. They get a good deal but it increases the value overall because it increases the potential of what we can achieve.
But on the whole:
This is the best sign we've received in years that we are nearing the end of this thing, we're gonna survive it, get what we deserve!
Some more random thoughts.
This is still a great deal for the Chinese. They will get all the Lithium they need.
- They will get the lithium cheap, but this thing is so fk'ing huge i'm sure it's still gonna work out well for us holders.
- USA is fkd now. They did fk all to help us out so too bad for them. China will continue to control the worlds lithium supply. Maybe CATH caught wind of US or other companies sniffing around AVZ and so decided to just make a move and lock things in?
- Chinese companies often compete against each other. Time for CATH to squash Zijin.
- CATH can apply pressure in ways that AVZ can't. It's good to have a clear commitment from them that we're in this thing together and they are fully throwing their weight behind pushing forwards WITH AVZ.
- I'm not clear how the 'discount' works...
Mr_Tones83
Regular
No, GLH is incorporated in Singapore
Attachments
Yes because the Australian government has been SOOO keen to make sure this project stays in Australian hands....
....but yeah maybe.
"First deal was 24% for $240mil. ~1 Bil MC
This deal 30% for $280mil. ~0.86 Bil MC"
Previous deal was 24% of Dathcom.
This is 30.5% of GLH (currently 75% of Dathcom)
So roughly similar valuation looks like.
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