Xerof
Have a Cigar 1975
or cream pei
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AVZ Discussion 2022
- Thread starter GazDix
- Start date
You mean part of the deal is Nigel and John have to give Pei sexual pleasures?
If I was Pei, I would be very careful and not get carried away too much, there could well be some payback when not expecting it.
Remember this back in 2021
Global law firm DLA Piper has advised AVZ Minerals Limited (AVZ) on securing a cornerstone investor, Suzhou CATH Energy Technologies (CATH), for the development of the Manono Lithium and Tin Project by entering into a transaction implementation agreement to earn a 24% joint venture interest in the Manono Project for USD240 million
Maybe that was DLA PIPER advise now 2025....imo..?????
No TIA no DRC M L ...imo
R
Xerof
Have a Cigar 1975
@Hodlandwin69
I'll find out for certain next week, but I think, on balance, you're right about 30.5% of 'the project'. This would mean CATH will have ~40.6% of GLH, still leaving AVZI and AVZ with majority control at the Holding Company level
But the point is, DATHCOM still holds the 75%, with CATH having a 30.5% INDIRECT interest.
TBH, I think CATH is much more interested in the product, not so much how big a slice of the Pei (sic) they hold.
Fuck, they will even build phase 1 for us via a loan, rather than more equity, if AVZ doesn't want to bother with supra-national bank funding, with all the shit that carries with it
I'll find out for certain next week, but I think, on balance, you're right about 30.5% of 'the project'. This would mean CATH will have ~40.6% of GLH, still leaving AVZI and AVZ with majority control at the Holding Company level
But the point is, DATHCOM still holds the 75%, with CATH having a 30.5% INDIRECT interest.
TBH, I think CATH is much more interested in the product, not so much how big a slice of the Pei (sic) they hold.
Fuck, they will even build phase 1 for us via a loan, rather than more equity, if AVZ doesn't want to bother with supra-national bank funding, with all the shit that carries with it
2025 AVZ company ANN
CATH will pay AVZ US$259.25m to acquire a 30.5% indirect interest in the
Manono Project, through the acquisition of shares in Green Lithium Holding
Lte. Ltd (GLH) (a wholly owned subsidiary of AVZ International Pty Ltd (AVZI)
and the holder of legal title to AVZ's interest in Dathcom Mining SA (Dathcom)),
on satisfaction of certain conditions precedent, including grant of a mining
licence for the project area covered by PR 13359 (Mining Licence) to Dathcom;
- AVZ and CATH will enter a multi-faceted joint venture to develop the Manono
Project;
Back in 2021 only 24 % for $240 mill """"""CATH DEAL """""
entering into a transaction implementation agreement to earn a 24% joint venture interest in the Manono Project for USD240 million.
""""""""""""""""""""""""So CATH will get a extra 6.5% for $19.25 mill"""""""""""""""
I think Zijin will still be in the game. It will be too hard for DRC to dig themselves out of that one without exposing themselves to legal action and angering the overlords.
Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.
The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.
But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.
Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.
The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.
But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.
DiscoDanNZ
Regular
Imagine the negotiating table
Nigel: can I bring you attention to clause 76.b paragraph 3 'Nigel must refer to Mr. Pei as Daddy moving forward'. Can we remove this?
Pei: Those are my terms
Nigel: *furiously signing contracts*
Underwaterdark
Regular
I am a bit late to read this announcement.
Re the 30.5% revised for CATH,
Are my back of the envelope numbers right that this equates to circa 40c AUD per share in value, that they are going to pay?
$850m USD, at current exchange, 3.5b SOI.
Re the 30.5% revised for CATH,
Are my back of the envelope numbers right that this equates to circa 40c AUD per share in value, that they are going to pay?
$850m USD, at current exchange, 3.5b SOI.
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thank you for doing the math. this is the point I was confused about. Let's hope this doesn't go the way of LLL.
Retrobyte
Hates a beer
So did a bloke I work with. His genetic test came back 5.5cm Chinese.
Xerof
Have a Cigar 1975
Unreliable for valuations at the equity level. It's essentially a farm-in (and also Off-takes). Remember AVZ have paid ~US$26m plus a few shares for 75% of this tenement, and since put another circa 100m into exploration
JMT, anyone else?
Anyway, time for a Margarita, seeing it's Friday and after a week of some EXCELLENT news
Underwaterdark
Regular
Not overly looking from a valuation perspective, just wanted a rough idea of if we are all going to get out of it, what the price might be.
(fully aware that its not the greatest indication, but better than we have had for some time)
I would have thought it would be easy to get rid of zijin , they have so many breaches of the drc mining code just look at the environmental damage they have caused at Manono.I think Zijin will still be in the game. It will be too hard for DRC to dig themselves out of that one without exposing themselves to legal action and angering the overlords.
Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.
The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.
But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.
If they can take AVZ license for not getting on with shareholders they can do this to zijin easily
I agree . None of this changes the fact the CCP have the DRC Gov under the thumb . Way I see this playing out is Zijin keep the North , AVZ/CATH take Roche Dure and a deal is done where both parties have access to power . All court cases dropped . All fines dropped . Cominiere is 90% owned by the DRC Gov . Celestine Kibeya is but a tiny turd floating in tolate's toilet . IMOI think Zijin will still be in the game. It will be too hard for DRC to dig themselves out of that one without exposing themselves to legal action and angering the overlords.
Ever since the mica infested north comments in 2021 there's been indication from Nigel of the inevitability of giving something away.
The wording "grant of a mining
licence for the project area covered by PR 13359 (Mining Licence)" says to me that we/CATH only get the south - probably the extent of the resource drilling completed to date.
But we don't give up the north and Mpiana Mwanga for nothing so we use the ICC and ICSID wins to negotiate some kind of compensation, say a payout or a royalty on Zjin's production, and some kind of power supply agreement or free carried share of the power station.
Hodlandwin69
Regular
Still think zijin should have to purchase the North, cunts
@Underwaterdark
If you want an idea of what we might get out of it from a full takeover, better off looking at things like this and other acquisitions.
There's been a few deals going around lately. Yes, sometimes for operating mines rather than mineral rights, but still - $2billion + for a projects that's are minnows next to Manono seems to be happening not infrequently now.
- CATH deal values us ~0.85 billion.
But made during our dark ages, and comes with lots of other sweeteners.
- i forget the details but there was some sort of litigation claim from Kong maybe? Can't remember the details, but for their % chunk of the company and what they claimed they were due in damages IIRC it valued the company at a few billion.
- God its going a long way back now but our ATH was circa 4-5 B? Back when we thought things were going well and the DRC had matured as a country.
- if you value it proportionately to resource size based on recent acquisitions: others have done the math, but it gets pretty juicy.
- if were forced to be 'patient' for long enough for lithium prices to recover it gets even juicier
- if you add on top of that rights to 49% of a hydroxide plant, well it starts looking very tasty indeed.
So those are my metrics for trying to keep some sort of concept of what this thing is worth.
Question is how long.
So you think:
- CATH is going to build a mine on HALF the tenement we're entitled to
- So they can let Zijin build a SEPARATE mine right next door
- ...and then buy stuff from Zijin that they could have owned and mined themselves??
Not a chance.
We fought for the north as a tiny Minnow.
CATH will squash Zijin, exert the same CCP pressure that Zijin does and then some, offer hydroxide plant as a sweeteners, and we will develop the whole site.
I really don't understand why people think the involvement of CATH thinks we're suddenly likely to just roll over and give up the north.
WE want it all
CATH wants it all.
Why - the hell - would we cave now.
Rediah
Regular
I want it juicier, please sir, thank you.
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