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This wouldn't be happening without ML being somewhat progressed with the understanding DRC deal with Pei moving forward and processing is done in country imo
GLH's holding in Dathcom will always vote as one block so AVZ will maintain legal control of GLH at 59.4% and therefore control of the Manono project offcially
However I doubt Pei is fronting the cash, building the plants and sorting out the ML without having a large degree of say on how things will be run
But again we will have the fail safe of legal control of GLH to prevent any shenanigans imo
The terms of the new TIA do mean we get 44.5% of the profit rather than 51% of the profit under the old TIA whichever way you look at it
Pei also gets 100% offtake.
and will be at an excellent rate.
CATL secures it's lithium supply for the next 50 plus years .
Add a lithium hydroxide plant and CATL will be selling to Ganfeng and other majors .
Definitely a win win all round.
The only uncertainty is will the mining licence be for all of 13359 .
And Zijin are out completely .
