obe wan
Regular
Its USD so 420m AUD
AVZ Discussion 2022
- Thread starter GazDix
- Start date
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.
I was worried I'd made a mistake somewhere in my roughing it out, and very glad the correction aparently works in our favour
Curious why the change though.
Surely not?
Zijin get the north, CATH the south.
Restructured Transaction Implementation Agreement and Joint Venture including US$20 Million Pre-Completion Facility
Now what do you say about the CHINESE....LMAO
TIA on LOCKE DEAL out...LMAO
AVZ Minerals Limited (AVZ) is pleased to announce that it has entered into a precompletion funding agreement (Pre-Completion Funding Agreement), a revised transaction implementation agreement (TIA) and a relationship deed with Suzhou CATH Energy Technologies (CATH) (together the Restructured JV Arrangement).1
Now what do you say about the CHINESE....LMAO
TIA on LOCKE DEAL out...LMAO
AVZ Minerals Limited (AVZ) is pleased to announce that it has entered into a precompletion funding agreement (Pre-Completion Funding Agreement), a revised transaction implementation agreement (TIA) and a relationship deed with Suzhou CATH Energy Technologies (CATH) (together the Restructured JV Arrangement).1
Chinese don’t think the way we western do. If going by what’s been published this “deal” will allow legal access on the tenement. Once that occurs they will be impossible to remove especially with this capital expenditure funding agreement and grey repayment clause. They will do a Mali and LLL and squeeze AVZ for the whole company in collaboration with DRC government. Once the foots in the door they will do everything to get it all. This just accelerates that aggressive and illegal takeover.
Is that you Hoots ????
obe wan
Regular
Don’t know about that ; it’s states in the ann - PR13359 The Mining Licence . Sounds to me like the JV is going for the lot I.e. North and South
Zijin would have spit up afew fish heads this morning .
I’m also liking the avenue to take up 49.5% in CATLs hydroxide plant in DRC … considering the articles just this week , where US has banned CATL supply of lithium into military equipment … now the US see CATL in the box seat and taking up all non allocated offtake to 100% .
What’s the US going to do now …. Maybe a big western miner gets pushed in to eventually suck up AVZ and that 49% cherry with it … at least that way ; the yanks can probably say they’re supply lithium out of Manono to themselves
Zijin and CATH have very different motivations.
Zijin digs shit up and sells it.
CATH buys shit that's been dug up and sells batteries.
Zijin wants to make money selling rocks.
CATH wants a secure supply of rocks so they can make money selling batteries.
Zijin needs CATH, but CATH doesn't need Zijin. Zijin is just a middle-man, and it is entirely in CATH's interest to cut them out completely. CATH wants the whole shebang and aparently is willing to pay for it. There is 0 advantage for them sharing with Zijin.
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