AVZ Discussion 2022
- Thread starter GazDix
- Start date
"Zijin has been scrambling to secure a seat at the negotiation table with AVZ for nearly 2 years to purchase a major shareholding"
Ammo posts some great stuff but I am not sure where the evidence for this idea comes from. They only want to pay what fits in a brown bag. Negotiating a fair price would be a long way down their list of tactics.
,
Ammo posts some great stuff but I am not sure where the evidence for this idea comes from. They only want to pay what fits in a brown bag. Negotiating a fair price would be a long way down their list of tactics.
,
That post was a great read, but alas I suspect pure fantasy. Was great while it lasted though
I was under the impression that Zijin have been low-balling Nigel for some time. Not so sure about scrambling to the negotiating table. But it could be the CATH deal changed all that...
That's a bit fuckin' harsh. Even if I was living in squalor, I still wouldn't be keen to start running at bullets.
It'll take more than a stern talking to.
Yes i agree all up to CATH or the CHINESE to clean this mess up...imoThat post was a great read, but alas I suspect pure fantasy. Was great while it lasted though
I was under the impression that Zijin have been low-balling Nigel for some time. Not so sure about scrambling to the negotiating table. But it could be the CATH deal changed all that...
As a S H, doesn't matter who gets AVZ a M L who really cares...!!!!
I think everyones gone to a new forum Frank and left us behind
For ease of communications call it bouc émissaireView attachment 77587x.com
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Mute22
Regular
Haha, beat me to it!
4 winks, see what I did there?
I'll raise you a wink .
4 winks, see what I did there?
Hope you are feeling a little more upbeat . Hang in there .
Global Lithium blow up
And in the former monsters space, Global Lithium Resources (ASX:GL1), which at one time commanded $500 million market cap territory as record lithium prices floated every boat, sank over 4% after three Chinese born executives succeeded in rolling its board on Thursday.Executive chair Ron Mitchell and non-exec director Matt Allen, having failed to secure intervention from either the Takeovers Panel or the Federal Government, fell on their sword at the company’s AGM.
GL1, which counts MinRes as one of its top shareholders, owns the Manna and Marble Bar lithium deposits in WA.
Dianmin Chen, a long time resident of Australia who was notably once the local managing director of Zijin’s Australian subsidiary Norton Gold Fields, was re-elected and has become MD and CEO of the explorer.
Property investor Liaoliang (Leon) Zhu and former Sinosteel Australia MD Xiaoxuan (David) Sun will also join the board after Zhu, its third biggest shareholder, led attempts to roll the company’s existing management.
Manna, located 100km east of Kalgoorlie, contains a resource of 51.6Mt at 1% Li2O.
“For Manna to realise its maximum value for shareholders in this market, we must focus on delivering three key milestones with the project in 2025,” Chen said.
“The first priority is concluding a Native Title Mining Agreement with the Kakarra Part B Native Title Group, so the local community is aligned with the company’s future approach.
“A mutually successful outcome with Native Title partners is essential for a Mining Lease application to be granted for Manna, which in turn is central to the completion of a Definitive Feasibility Study on the project.”
GL1 shares are currently worth 23c for a $60m market cap, having peaked at $2.78 in September 2022.
Yeah you had a truck load of shit in your eyes and had to blink like a two bob watch, better get a set of goggles or a helmet with a proper visor.
4 winks, see what I did there?
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