AVZ Discussion 2022

[hedrox]

There is still plenty of other interest in Manono ...may be rumours..may be truth ...but here is a list of potential bidders.

Kobold
Rio Tinto
2 other American companies mentioned earlier have interest
The Saudis
EU consortium
Twiggy FMG
Glencore
CATH
Korea had an consortium visiting DRC as well
and plenty of Left fielder...like BHP or any Chinese state owned company like Zijin or Tianqi Lithium.

I bet there is plenty of interest....

 

[JNRB]

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https://x.com/TheGermanOne86/status/1907124939112476854

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https://x.com/TheGermanOne86/status/1907103043243385048

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Aaaw brings back memories... anyone else remember when we were the ones who were gonna be part of a "Special Economic Zone"?


More seriously though, is this a step by Felix towards his planned resolution of things with whatever company/consortium is going to buy out AVZ? Use the SEZ to give them more favourable terms? Or (as some have suggested on here) a tax break on the sale of an asset?

 

[whales]

There is still plenty of other interest in Manono ...may be rumours..may be truth ...but here is a list of potential bidders.

Kobold
Rio Tinto
2 other American companies mentioned earlier have interest
The Saudis
EU consortium
Twiggy FMG
Glencore
CATH
Korea had an consortium visiting DRC as well
and plenty of Left fielder...like BHP or any Chinese state owned company like Zijin or Tianqi Lithium.

I bet there is plenty of interest....

Would be good to have other interested partners with Kobold .6
As this hinges on Security for Minerals which only US can provide.
It was already mentioned a possible JV with RIO and Kobold which makes a lot of sense as Kobold are not miners.
Manono has to go to US
IMO

 

[JasonM]

There is still plenty of other interest in Manono ...may be rumours..may be truth ...but here is a list of potential bidders.

Kobold
Rio Tinto
2 other American companies mentioned earlier have interest
The Saudis
EU consortium
Twiggy FMG
Glencore
CATH
Korea had an consortium visiting DRC as well
and plenty of Left fielder...like BHP or any Chinese state owned company like Zijin or Tianqi Lithium.

I bet there is plenty of interest....

Is anyone else other than a US consortium a real option given the desperation by the US for some form of support from the US to help resolve the armed conflict? If the DRC and US are locked into some security deal then that means the only viable bidder will be one led by a US company. Obviously eu, saudi's, rio, etc could supply finance and expertise as some have speculated. My point being though, the number of actual bidders may be limited. So AVZ's options may be take the offer on the table or go to court. This environment makes it difficult to drag a fair and reasonable bid out of the US consortium. I obviously could be misreading the situation and do hope I'm wrong, as like everyone else here, I'd love $12/share.

One thing I do know, now that we seem to have some action, I really hope this gets resolved quickly.

 

[Mute22]

Is anyone else other than a US consortium a real option given the desperation by the US for some form of support from the US to help resolve the armed conflict? If the DRC and US are locked into some security deal then that means the only viable bidder will be one led by a US company. Obviously eu, saudi's, rio, etc could supply finance and expertise as some have speculated. My point being though, the number of actual bidders may be limited. So AVZ's options may be take the offer on the table or go to court. This environment makes it difficult to drag a fair and reasonable bid out of the US consortium. I obviously could be misreading the situation and do hope I'm wrong, as like everyone else here, I'd love $12/share.

One thing I do know, now that we seem to have some action, I really hope this gets resolved quickly.

At the heart of this conundrum is what will be considered 'fair compensation'.

We didn’t ask to be caught in this mess. If the DRC had adhered to its own mining code, we’d have an operational mine by now. Instead, we've been forced into a position where some might say we are being forced to sell under duress, which is entirely unreasonable.

If KoBold and Rio Tinto are serious about acquiring what we legally own, then their offers must reflect that reality. So far, their starting bids have to at least interested NF otherwise, we wouldn’t even be at the negotiating table, and would rather have blinders on for full steam ahead to the courts.

Should they refuse to provide reasonable compensation, then the path forward is clear - we take this battle to the ICSID. While nothing is ever guaranteed in dealmaking, the geopolitical landscape certainly favors our position. The DRC's need for U.S. support gives the U.S. significant leverage, and that, in turn, strengthens our hand as unlike the Chinese, they will follow the international rules based order.

I am still of the mindset, there is still a high likelihood we will proceed through the courts to set an undeniable valuation on the project, and compensation for damages.

 

[JasonM]

At the heart of this conundrum is what will be considered 'fair compensation'.

We didn’t ask to be caught in this mess. If the DRC had adhered to its own mining code, we’d have an operational mine by now. Instead, we've been forced into a position where some might say we are being forced to sell under duress, which is entirely unreasonable.

If KoBold and Rio Tinto are serious about acquiring what we legally own, then their offers must reflect that reality. So far, their starting bids have to at least interested NF otherwise, we wouldn’t even be at the negotiating table, and would rather have blinders on for full steam ahead to the courts.

Should they refuse to provide reasonable compensation, then the path forward is clear - we take this battle to the ICSID. While nothing is ever guaranteed in legal disputes, the geopolitical landscape certainly favors our position. The DRC's need for U.S. support gives the U.S. significant leverage, and that, in turn, strengthens our hand as, unlike the Chinese, they will follow the international rules based order.

I am still of the mindset, there is still a high likelihood we will proceed through the courts to set an undeniable valuation on the project, and compensation for damages.

I dont want to go through the courts for two reasons. Namely time, I want out asap and secondly there is risk in outcome however small. Going the legal route is the last option imv and so a discounted buyout off of fair value is reasonable.

 

[Mute22]

I dont want to go through the courts for two reasons. Namely time, I want out asap and secondly there is risk in outcome however small. Going the legal route is the last option imv and so a discounted buyout off of fair value is reasonable.

I don't want to either, here's hoping for an outcome in the next 60 days!

Nothing to do but have a nice cold pint, and wait for all of this to come together either way.

 

[Frank]

Fyi, Great to see it's Titans turn today

View attachment 81055

Well done mate,

Three Cheers for Titan - Hip Hip

 

[LOCKY82]

Rio Tinto shows interest in lithium offerings in Democratic Republic of Congo

Rio Tinto shows interest in lithium offerings in Democratic Republic of Congo, which would get them into one of the world's biggest markets

mugglehead.com

 

[Pokok]

Would be good to have other interested partners with Kobold .6
As this hinges on Security for Minerals which only US can provide.
It was already mentioned a possible JV with RIO and Kobold which makes a lot of sense as Kobold are not miners.
Manono has to go to US
IMO

Sorry I disagree it does not HAVE to go to the US , but it can go to the US if they are willing to pay the correct price ,so if they really want it and are willing to protect the DRC , ante up or join the auction , I for one are sick of the yanks thinking they can control the world same as China . One thing I do think this could be a long drawn out battle .

 

[DMasonic]

Is anyone else other than a US consortium a real option given the desperation by the US for some form of support from the US to help resolve the armed conflict? If the DRC and US are locked into some security deal then that means the only viable bidder will be one led by a US company. Obviously eu, saudi's, rio, etc could supply finance and expertise as some have speculated. My point being though, the number of actual bidders may be limited. So AVZ's options may be take the offer on the table or go to court. This environment makes it difficult to drag a fair and reasonable bid out of the US consortium. I obviously could be misreading the situation and do hope I'm wrong, as like everyone else here, I'd love $12/share.

One thing I do know, now that we seem to have some action, I really hope this gets resolved quickly.

I reckon, perhaps unfortunately, that you are on the money.
- Any buyout is going to be led by the US, as only they can provide the security support that is driving the DRC to make a deal. (Maybe Rio will be part of a JV for their mining experience.)
- The amount offered to AVZ won't be fair. It'll be a low ball "take it or leave it" offer.

I wonder if the deal for AVZ might be sweetened by a CGT tax discount from the DRC. And why should Zijin get the North for free? They could be required to compensate AVZ as well.

 

[Remark]

"If the wars of this century were fought over oil, the wars of the next century will be fought over water".

Former U.N. Secretary General Boutros Boutros-Ghali.

I think Boutros got that one wrong. It should obviously read:

"If the wars of this century were fought over oil, the wars of the next century will be fought over that sweet, sweet, lithium"

 

[SAS123]

Great post

 

[Spikerama]

Would be good to have other interested partners with Kobold .6
As this hinges on Security for Minerals which only US can provide.
It was already mentioned a possible JV with RIO and Kobold which makes a lot of sense as Kobold are not miners.
Manono has to go to US
IMO

I think you'll find Kobold are miners. Well at least these ones are

 

[Bray]

I think you'll find Kobold are miners. Well at least these ones are



View attachment 81128

Bloody kobolds of gold shire

 

[Rechnerhand]

KoBold, Rio Tinto, and the DRC: Trump’s Special Envoy Massad Boulos on a Mission to Broker a Lithium Mining Deal in Manono

 

[BRICK]

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https://x.com/AshleeLaur39941/status/1907078484545139127

https://x.com/Matt_Kilpatrick/status/1907176434478817343

https://x.com/TheGunn70/status/1907173132630417837

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Frank I gotta say this chick with the gavel looks like she is suffering the pineapple treatment

 

[pow4ade]

KoBold, Rio Tinto, and the DRC: Trump’s Special Envoy Massad Boulos on a Mission to Broker a Lithium Mining Deal in Manono

View attachment 81137

At the heart of this dynamic, the partnership between KoBold Metals, a company specializing in mineral exploration using artificial intelligence, and Rio Tinto, a major player in the global mining industry, is of paramount importance. This strategic alliance aims to exploit Congolese mineral deposits more efficiently and sustainably, while meeting the growing demands of the global market.

Is the journo jumping the gun or is the partnership all but a done deal?

 

[Remark]

Frank I gotta say this chick with the gavel looks like she is suffering the pineapple treatment

1000 units of Metamucil stat!

 

[Frank]

Rio here, Rio there, Rio everywhere..........

Rio here, Rio there, Rio everywhere..........

https://x.com/TheGermanOne86/status/1907104280701505607

https://x.com/TheGermanOne86/status/1907292707417960873