AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hodlandwin69
Regular
Well the math would suggest that
TheCount
Regular
You're starting to talk like Shane.....
Worth pointing out because I don't think its been said yet:
This probably explains the delay on paying arbitration fees.
Also, it think i initially underestimated the impact of having a hydroxide plant. This is great for us, but also a big deal for DRC. One more argument for going with AVZ / CATH and telling Zejin to fk off
This probably explains the delay on paying arbitration fees.
Also, it think i initially underestimated the impact of having a hydroxide plant. This is great for us, but also a big deal for DRC. One more argument for going with AVZ / CATH and telling Zejin to fk off
Apologies. I'm definitely cautiously optimistic. But we've been burnt many times, even with our apparent saviors CATH voting against the BOD. I just think there needs some more thinking on this "deal". ME questioning certain elements isn't meant to rain on the parade, I'm just very wary. The Chinese will continue to play games to undermine ownership. It's their Schtick. I think AVZ need tom hedge bets as best as they can.
"Under the terms of the revised TIA, CATH will acquire an indirect 30.5% interest in the Manono Project, through the acquisition of shares in GLH (a wholly owned subsidiary of AVZI and the holder of legal
title to AVZ's interest in Dathcom), for cash consideration to AVZ of US$259.25m."
The announcement is not saying CATH will acquire 30.5% indirect interest of Dathcom but saying indirect 30.5% interest in the Manono Project, through the acquisition of shares in GLH.
GLH only hold 75% of Dathcom (or 60% if we don't get the 15%) till now.
I think we need clarification from company regarding this.
Also if it is 30.5% of GLH, then if avz ever acquire comminire 15% then CATH would need to contribute their share if they need to maintain this 30.5%.
RHyNO
Regular
Certainly feels like a fucktonne of work being done by the gang in relation to setting this up. Certainly doing their job to turn my scepticism into absolute support. This is a great move by management. Wrapping our intentions in with a battery producer out of China. One we already have a solid relationship with none the less. Good work Nigel!
Cominiere can hand over their % for nothing or we follow through on the $100m they owe us already, fuck them
Carlos Danger
Top 20
Incredible by the bod. A truly remarkable effort to have pulled this off. Pretty clear what happens next imo
Carlos Danger
Top 20
‘We'd also like to thank Locke Capital for their support and the external validation of AVZ's legal claims and strategy’
Damn that’s ice cold haha
Carlos Danger
Top 20
At the AGM Nigel advised he would be making the first draw down on Locke Funds the following week to pay the outstanding legal fees.
I would not expect an announcement,but consider it already done
You should let the ICSID know
EarleofBarrow
Member
Over the moon with this announcement and that I was wrong
Now we know what Nigel was talking about when he let us know he was looking at better alternatives to Locke
Hi Carlos,
Someone buys out AVZ or Zijin is out ?
Hodlandwin69
Regular
I think he means DRC start going out way
Captain Obvious summary is it's highly likely (given the timing) that CATH re-engaged because AVZ had the Locke funding for legal fees, meaning the "bleeding AVZ dry" strategy (as well as the amateurish attempts to take over the AVZ Board and allege "bribes") hasn't worked. CATH know AVZ will probably ultimately win the legal case.
The core question is whether CATH's reengagement is:
A) just the Chinese covering their bases. As in, China is in no particular rush and will be happy to let the legal situation play out for a few more years safe in the knowledge that China has locked in a future generational lithium supply via CATH or Zijin regardless of whether AVZ wins or loses the legal battle. If this is the case, China and their paid supporters in DRC will probably continue to rat f*** AVZ because Zijin is the cheaper cost and their preferred outcome.
Or
B) because CATH and Zijins' has decided to actively pursue the strategy, aided and abetted by the DRC Govt, of getting AVZ to agree that AVZ will get the South and Zijin the North, via the carrot and stick approach of promising a Mining Licence for the South and promising to continue to rat f*** AVZ if they don't agree. Legal case goes away, China happy, AVZ salvages something, sweetened by the CATH funding (needed to buy the additional 15% and for mine/plant construction) and the option of 49% of a possible hydroxide plant. Under this scenario CATH reengaged with AVZ to lock in 100% of Manolo lithium supply for China.
Or
C) CATH stepping in is a sign China want this crapola sorted ASAP so that mining can start. China has concluded the global scramble to secure sovereign controlled supplies of critical minerals currently underway will get more costly, frenetic and unpredictable with Trump. China knows a lithium supply squeeze is coming, most of the lithium supply will otherwise come out of the West, and it has decided Zijin has had it's chance and it's now time for action to lock in a cheap secure generational lithium supply.
Being optimistic perhaps it's C). The Chinese Govt would ultimately be calling the shots and they would have to had to agree to CATH helping out AVZ in such a material way. The looming supply issue and global scramble to secure sovereign supply rules out A) and CATH funding & strong legal case means AVZ is unlikely to agree to a South/North split, ruling out B).
Time will tell but seems all is not lost. Very happy with today's announcement. I was getting very antsy about why Locke funding hadn't actually been received.
The core question is whether CATH's reengagement is:
A) just the Chinese covering their bases. As in, China is in no particular rush and will be happy to let the legal situation play out for a few more years safe in the knowledge that China has locked in a future generational lithium supply via CATH or Zijin regardless of whether AVZ wins or loses the legal battle. If this is the case, China and their paid supporters in DRC will probably continue to rat f*** AVZ because Zijin is the cheaper cost and their preferred outcome.
Or
B) because CATH and Zijins' has decided to actively pursue the strategy, aided and abetted by the DRC Govt, of getting AVZ to agree that AVZ will get the South and Zijin the North, via the carrot and stick approach of promising a Mining Licence for the South and promising to continue to rat f*** AVZ if they don't agree. Legal case goes away, China happy, AVZ salvages something, sweetened by the CATH funding (needed to buy the additional 15% and for mine/plant construction) and the option of 49% of a possible hydroxide plant. Under this scenario CATH reengaged with AVZ to lock in 100% of Manolo lithium supply for China.
Or
C) CATH stepping in is a sign China want this crapola sorted ASAP so that mining can start. China has concluded the global scramble to secure sovereign controlled supplies of critical minerals currently underway will get more costly, frenetic and unpredictable with Trump. China knows a lithium supply squeeze is coming, most of the lithium supply will otherwise come out of the West, and it has decided Zijin has had it's chance and it's now time for action to lock in a cheap secure generational lithium supply.
Being optimistic perhaps it's C). The Chinese Govt would ultimately be calling the shots and they would have to had to agree to CATH helping out AVZ in such a material way. The looming supply issue and global scramble to secure sovereign supply rules out A) and CATH funding & strong legal case means AVZ is unlikely to agree to a South/North split, ruling out B).
Time will tell but seems all is not lost. Very happy with today's announcement. I was getting very antsy about why Locke funding hadn't actually been received.
Rediah
Regular
I’m not sure why there are so many questions coming from so many new accounts again.
Let the BoD continue doing what they’ve been doing.
On a positive note, I recently accepted this interesting looking business card from someone in Fortitude Valley (Brisbane).
Not sure what this is but they mentioned it could help with my financial situation—feeling optimistic about it!
Let the BoD continue doing what they’ve been doing.
On a positive note, I recently accepted this interesting looking business card from someone in Fortitude Valley (Brisbane).
Not sure what this is but they mentioned it could help with my financial situation—feeling optimistic about it!
Spikerama
Regular
It's Playstation
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