Kobold is not here to fuk around.
They know CATH has their fingers in the pie already, and had $$ to back it.
Kobold isn't going to make a half-arsed attempt to take this over just to see how it goes. A few here have already suggested ICC claim amount as a minimum threshold and I think that's probably right. I would expect a bit more just to hammer home the certainty of it and preempt any attempts from CATH to step in.
But fk me, what a way to finish the week.
Fingers crossed we're entering the final chapter of this shit-show saga.
Stay strong folks and have a good weekend.
The bidding war will be with US companies only. CATH/CATL won't have a say as the DRC want minerals for peace (firepower).As I eluded to prior.
CATL will want to be a part of the future of the product spat out from the mine.
I suspect a bidding war is about to explode.
Felix is now rubbing his grubby fat hands together - not only will someone else cover his ICC/ICSID penalties, but he will also receive a nice percentages fat pay check if AVZ hand over the reigns to the new owner. He’ll probably say “hey guys, I knew all along my corrupt dealings would pay off”.
If Australia doesn’t come to the party it will be the dumbest financial decision the country has ever made. Manono will control pricing and supply to the rest of the world whilst the darlings of Oz mining will suffer and diminish.
IF the US does have an offer accepted it will be well north of $9B. Future value of Manono with Lithium & Tin is $70-100B once value is extracted.
$12 or GTFO.
If AVZ don’t get some sort of fair value for the North you’d think they would continue the ICC/ICSID proceedings just for the North ( if that’s possible ) regardless of what happens to the South. I’d take 8B for the South and 2B for the North. Zijin can more than afford it. They posted 4B profits last year.View attachment 79900 Not for free ZIJIN.....pay up or go home....how I said earlier, LET THE BIDDING WAR BEGIN...watch all the players from the left field joining the bidding war....Front row box seat for AVZ...love it![]()
Kobold is not here to fuk around.
They know CATH has their fingers in the pie already, and had $$ to back it.
Kobold isn't going to make a half-arsed attempt to take this over just to see how it goes. A few here have already suggested ICC claim amount as a minimum threshold and I think that's probably right. I would expect a bit more just to hammer home the certainty of it and preempt any attempts from CATH to step in.
But fk me, what a way to finish the week.
Fingers crossed we're entering the final chapter of this shit-show saga.
Stay strong folks and have a good weekend.
2B minimum for the north plus a resource llifetime of RoyaltiesIf AVZ don’t get some sort of fair value for the North you’d think they would continue the ICC/ICSID proceedings just for the North ( if that’s possible ) regardless of what happens to the South. I’d take 8B for the South and 2B for the North. Zijin can more than afford it. They posted 4B profits last year.
I imagine that footnote is for disclosure purposes![]()
Gates-backed explorer makes play for Congo lithium deposit
KoBold Metals has told the government of the DRC it wants to develop one of the world’s biggest hard rock lithium deposits.www.mining.com
An interesting footnote at the end of the article in mining.com:
Michael Bloomberg, the majority owner of Bloomberg News’ parent Bloomberg LP, is an investor in Gates’ Breakthrough Energy, which holds a stake in KoBold, according to the company’s website.
2B minimum for the north plus a resource llifetime of Royalties![]()
![]()
Gates-backed explorer makes play for Congo lithium deposit
KoBold Metals has told the government of the DRC it wants to develop one of the world’s biggest hard rock lithium deposits.www.mining.com
An interesting footnote at the end of the article in mining.com:
Michael Bloomberg, the majority owner of Bloomberg News’ parent Bloomberg LP, is an investor in Gates’ Breakthrough Energy, which holds a stake in KoBold, according to the company’s website.
2B minimum for the north plus a resource llifetime of Royalties![]()
I imagine that footnote is for disclosure purposes
Did somebody say Easter ?![]()