Retrobyte
Hates a beer
Looks like North Korea have arrived at the auction!
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Looks like North Korea have arrived at the auction!
There is a room full of people. Something has to leak soon!My math isn't great but
(7b< >9b / 14b)* 10B = $12per share right?
Jokes aside, it's good to see the numbers in discussion moving towards something more reasonable (towards, not at)
Xerof
Flaming 1967
Only Celistine's pants
Skar
Regular
Greenland or Ukraine post war would be better.
Like others have said though, I can't see Nigel wanting to take on another project so I will probably pocket my royalties as they come but would want the company to return any cash back to shareholders over buying another project/maintaining large overheads. I have backed too many other failed explorers and need to absorb some losses. My point was whatever deal is structured, has to be fair and not made at a concession (i.e give up the north without being compensated for it, just to get an early deal). We missed the last bull run, we are now at the low point in the cycle, as we head towards 2030 and beyond, we will have another bull run in lithium, self driving cars with solid state batteries and ESS taking off. So keep pursuing legal avenues until a fair deal emerges.
RHyNO
Regular
Wise words, no one is adding more to the deal because 20000 Australian feelings got hurt when those corrupt knob ends took something from what they see (and admittedly is) as very minor player (if a player at all) in the geopolitical landscape they scrape their $$$ from. I respect Nigel and the guts it took to believe he could get this to mine. But that ship sailed when lost control of ML. Not his fault and nothing he could have done. Whoever buys this knows, you either buy us out and get the court cases dropped and dig all the lithium you need. Or you try flaunt the law and get caught out by the courts and lose possibly more. So a buyout between 4 and 8 billion is completely reasonable, clears the way for mining and tax to the DRC criminals, supplies lithium to USA for 50 years. And whoever gets it at that gets a tidy profit. We get above ATH and everyone here on TSE can close out our relationships with a good face to face and or jelly wrestle.
X
Spikerama
Regular
Let's go, let's go!
Interesting comment about toning things down on X, hmm
I think he's right about being civil in how we communicate and act on social media. It's been bugging me for a while now and I know I've said all this before but I'm going reiterate just one last time.
As we move into what is potentially the final stages of this long and drawn out battle, I respect that every one is tired and just wants a resolution and tempers may be getting a bit short but I think we need to keep in mind that these potential deals could all fall over at any second for any reason.
I've always maintained that name calling and swearing at our detractors and obvious sealioning is not a good idea and it doesn't achieve anything more than sticking to the facts and presenting them in interesting and creative ways. It just makes the perpetrator come across as a recalcitrant tosser. Sure, it may make one feel good to be constantly acting like a cunt towards someone you hate but it doesn't make the rest of us feel good. Especially when we are tarred, by association as "the shareholders".
The facts are the most powerful part of this story. Not constantly calling people "Dickhead" or "Asshole"
I don't know August V much. I've seen him around but he seems quite connected and in the know. And he always conducts himself in a civil manner and makes very strong points. If he's saying this now, at this stage, I'm willing to trust there's a reason.
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Trump Envoy Says US-Congo Mining and Security Deal Moving Ahead
Brendo726 posted this on the other place:
Finally the DRC may be taking international arbitrations seriously following the recent ICC ruling awarding AVZ Minerals 39 million euros in penalties against Cominiere for ignoring ICC interim orders. Driven by the need for security and capital investment, and the US delegation currently in Kinshasa, the DRC has to be seen doing something positive around procedures and the rule of law.
Cheers
F
Finally the DRC may be taking international arbitrations seriously following the recent ICC ruling awarding AVZ Minerals 39 million euros in penalties against Cominiere for ignoring ICC interim orders. Driven by the need for security and capital investment, and the US delegation currently in Kinshasa, the DRC has to be seen doing something positive around procedures and the rule of law.
Cheers
F
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Frank
Top 20
Strategic Minerals in Exchange for Security: Kinshasa and Washington Agree on a Way Forward
Recently appointed Senior Advisor for Africa to the US President, Massad Boulosa has been in Kinshasa since Thursday, April 3, where he was received by President Félix Tshisekedi at the African Union City.
Their meeting focused primarily on the security situation in the east and the economic outlook between the US and the DRC, two countries that maintain strategic cooperation.
Regarding the DRC's proposal to the US for a strategic minerals in exchange for security, Massad Boulosa explained that a compromise was reached with President Tshisekedi on the way forward for developing this partnership.
"You've heard about a minerals agreement.
"We have reviewed the DRC's proposal, and I am pleased to announce that the President and I have agreed on a path forward for its development," said President Donald Trump's Africa Advisor.
He added: "I look forward to working with President Félix Tshisekedi and his team to build a deeper relationship that benefits the Congolese and American people, and to stimulate U.S. private sector investment in the DRC, particularly in the mining sector, with the shared goal of contributing to the prosperity of both our countries."
Regarding the war in eastern DRC, President Trump's senior Africa advisor stated that the U.S. remains committed to helping end the conflict.
"We seek a lasting peace that affirms the territorial integrity and sovereignty of the DRC, and lays the foundation for a thriving regional economy."
This relationship has great potential, and we appreciate the opportunity to discuss the way forward with our counterparts here in Kinshasa,” he concluded.
Recently appointed Senior Advisor for Africa to the US President, Massad Boulosa has been in Kinshasa since Thursday, April 3, where he was received by President Félix Tshisekedi at the African Union City.
Their meeting focused primarily on the security situation in the east and the economic outlook between the US and the DRC, two countries that maintain strategic cooperation.
Regarding the DRC's proposal to the US for a strategic minerals in exchange for security, Massad Boulosa explained that a compromise was reached with President Tshisekedi on the way forward for developing this partnership.
"You've heard about a minerals agreement.
"We have reviewed the DRC's proposal, and I am pleased to announce that the President and I have agreed on a path forward for its development," said President Donald Trump's Africa Advisor.
He added: "I look forward to working with President Félix Tshisekedi and his team to build a deeper relationship that benefits the Congolese and American people, and to stimulate U.S. private sector investment in the DRC, particularly in the mining sector, with the shared goal of contributing to the prosperity of both our countries."
Regarding the war in eastern DRC, President Trump's senior Africa advisor stated that the U.S. remains committed to helping end the conflict.
"We seek a lasting peace that affirms the territorial integrity and sovereignty of the DRC, and lays the foundation for a thriving regional economy."
This relationship has great potential, and we appreciate the opportunity to discuss the way forward with our counterparts here in Kinshasa,” he concluded.
Hodlandwin69
Regular
Luckily it was some rebels and not us!
Skar
Regular
Except that they have already said AVZ needs to be compensated and that they want to encourage US PRIVATE investment... US is not China where the state comes in and takes ownership, communist style. The US want the minerals true but they want private citizens to fund it all (and to reap the rewards of doing that).
If there is any sense of impropriety, why would private investment start flowing in? Thats the bedrock of the minerals for security deal, too soon for whale pics to start flowing until we know specifics and what assurances etc will take shape but it will be an exciting two months.
Frank
Top 20
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Frank
Top 20
Mining consolidation to speed up as Chinese demand growth slows
Joint ventures and asset sales are expected to accelerate in the mining industry, which is ripe for consolidation due to the slowdown in manufacturing and demand growth for industrial metals, particularly in top consumer China.
However, full-scale mergers and acquisitions activity among diversified miners could be hampered for now by prohibitive high costs and significant chances of eventual rejection, investors said ahead of a global gathering of the copper industry for the CESCO event in Santiago, Chile next week.
Reluctance to engage at a company level is seen in LSEG data showing M&A in mining sector fell 27% in value terms to $15 billion in the first quarter compared to the same 2024 period.
Since the start of 2024, BHP’s shares have slumped 26% and Rio Tinto has dropped 23%, while Glencore’s shares have collapsed 42%.
Companies such as BHP and Rio Tinto have robust balance sheets and are delivering handsome returns to shareholders, but they are approaching a period of stalled earnings growth.
With no other country able to pick up the slack left by China and trade wars triggered by US President Donald Trump’s import tariffs, miners are thinking more about creating value and strength through scale.
“We are seeing more discussions about partnering, joint ventures and asset sales,” said George Cheveley, portfolio manager at Investment Manager Ninety One.
Australia-listed BHP also recently formed a joint venture – Vicuña – with Lundin Mining.
Vicuña now owns the Filo copper project in Argentina and the Josemaria project in Chile.
Struggling with declining ore grades BHP is planning to invest $10.8 billion over a period of 10 years in Chile starting with the Escondida operation.
Instead of investing for growth, some have typically opted to boost shareholder returns with dividends and share buybacks.
“Our analysis suggests that valuation multiples are not responding to higher payout ratios and buybacks are no longer delivering strong returns making the pivot to growth more appealing,” said James Whiteside, head of corporate for metals and mining at Wood Mackenzie.
“Diversified companies seeking relevance through big payouts aren’t being rewarded, but the read across from copper miners is, investing in production growth pays.”
Historical precedents
“Historically, merger discussions often occur either at the very top of the cycle, because mining companies have a lot of money, or at the very bottom of the cycle, because there’s a need to find ways to create value,” said Christel Bories, chairman of French mining group Eramet.The ball started rolling in April 2023 when London-listed Glencore’s attempt to buy Teck Resources for $23 billion was rejected.
Glencore instead bought Teck’s metallurgical coal portfolio for $7 billion.
But it was when the world’s biggest miner BHP went hostile with a $49 billion bid for Anglo American, the mining world understood a restructuring of the industry was on the horizon.
“It’s important in the mining world for BHP to kick off the M&A cycle because it makes it easier for other CEOs to sell the idea to their boards,” said Liberum analyst Tom Price.
What has made selling the idea of M&A to company boards easier this time are forecasts of rocketing copper demand partly due to power grid replacement and upgrades and e-mobility which includes electric vehicles, scooters and bikes.
mining.com
www.xtrafrica.com
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Frank
Top 20
Skar
Regular
How you see the US or the west is how I see EVERY global leader. My view on war is its all about (poor to regular) people fighting other people to decide where to pay their taxes. Thats why even when nations go to war, commerce still continues through ideologically opposed viewpoints (iphones are made in China and Europe clamours to buy gas/oil from Russia) and even now billionaires stand to lose a lot of money with the new US tariffs but the impact to average joes like you or me probably won't be all that felt (but the news will sensationalise it all like its the apocalypse or the end of world order).
The full potential of Manono is MASSIVE on the lithium market, the full potential of transnational African minerals is many many magnitudes more for the US and thats why I have hope of a good outcome for us.
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