Frank
Top 20
Fyi, Some good Shit going down the Crapper today
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AVZ Discussion 2022
- Thread starter GazDix
- Start date
You must be a young investor I don't have time on my side son
For everyone loudly re-enforcing our strong MINIUM position on this, a few point to remember that seems to get left out.
1. ICDIS compensation claim is 10B plus additional amounts to be determined
2. Since our ATH, and going into suspension, we increased the resource size by 45%!!
3. Dont forget the Tin!
(And 4. Look at expected lithium pricing for the next 20 years, NOT the current slump induced by market manipulations specifically intended to crush competition and allow China to maintain supply chain dominance)
1. ICDIS compensation claim is 10B plus additional amounts to be determined
2. Since our ATH, and going into suspension, we increased the resource size by 45%!!
3. Dont forget the Tin!
(And 4. Look at expected lithium pricing for the next 20 years, NOT the current slump induced by market manipulations specifically intended to crush competition and allow China to maintain supply chain dominance)
BRICK
Where’s Zeebot 😶🌫️
no low balls figure in here...Rio Tinto reportedly eyeing AVZ Minerals-linked lithium deal in the Democratic Republic of Congo
Adrian RausoThe West Australian
Mon, 31 March 2025 11:15AM
Adrian Rauso
Manono Credit: AVZ Minerals/TheWest
Rio Tinto is reportedly keen to ride on the coattails of a deal in the Congo that could unlock a big piece of the world’s largest hard rock lithium deposit and save stranded shareholders of AVZ Minerals.
Government officials from the Democratic Republic of Congo and Rio Tinto higher-ups held discussions in recent weeks about developing the Roche Dure mineral resource into a lithium mine, according to Bloomberg.
Rio’s interest in the Roche Dure comes as the United States and the DRC negotiate a potential critical minerals and security partnership.
China has grown its influence in the DRC in recent years, effectively locking out Western companies from doing mining deals.
But now the DRC is entertaining a deal with the Trump Administration as the central African country struggles to suppress a Rwanda-backed rebellion in its eastern provinces.
Bloomberg last week reported that KoBold Metals, which counts the ultra-rich Bill Gates and Jeff Bezos as investors, is interested in Roche Dure. KoBold and Rio are supposedly mulling a joint venture to build and run Roche Dure.
KoBold’s proposal also reportedly aims to resolve a long-drawn dispute involving AVZ Minerals, China’s Zijin Mining Group and the DRC government, according to a letter seen by Bloomberg.
KoBold’s plan is contingent on AVZ receiving “appropriate compensation” and agreeing to transfer all its interests in the DRC.
Roche Dure was first discovered and defined by AVZ as part of its Manono mining project.
AVZ was developing the Manono— touted as “the biggest lithium discovery on the planet” — but in 2023 the DRC’s government controversially revoked and split the licence, giving Zijin the northern portion.
The value of West Perth-based AVZ, which was listed on the ASX, was savaged by the licence drama and its shares are currently delisted.
AVZ is fighting a bitter legal battle in hopes of winning back the whole deposit. Adding to the drama, The West Australian in December revealed that AVZ is under investigation by the Australian Federal Police over bribery allegations.
AVZ has denied the bribery allegations.
Rio’s purported move in the Congo comes as the Anglo Australian miner pours significant sums into lithium investments across the globe, despite the battery commodity’s depressed price.
Rio last year spent more than $10 billion to buy Arcadium Lithium and separately is building a lithium mine in Argentina. It also plans to build run lithium operation in rural Serbia, despite fierce local community opposition.
Hmm, I'd love to believe that, but my understanding is that it's to pay for their recent acquisition of Arcadium Lithium.
But you never know...
TheCount
Regular
The takeout I see in that RIO notes offer?
Interest rates will remain low for a very very long time.
dollarbills
Regular
I was a CDV holder and the last few months of that story was unreal to watch. I hope that something similar is replicated given interest in multiple parties already and hopefully someone out of the blue (e.g. Saudi's, or will BHP dip their toe to counter RIO's big push into lithium?).
BRICK
Where’s Zeebot 😶🌫️
"Rio Tinto intends to use the net proceeds for general corporate purposes, including to repay debt incurred pursuant to a bridge loan facility in order to finance the acquisition of Arcadium Lithium."
Remark
Top 20
I know it's not Friday Funny time yet but this is laughable...
https://copperbeltkatangamining.com...lion-fine-for-mining-transparency-violations/
https://copperbeltkatangamining.com...lion-fine-for-mining-transparency-violations/
Talking of Take over offers....most of the listed companies on the stock market, who only hear of an Take over offer,
most times the share price rallies steeply...shame AVZ is not listed atm.
But I was thinking, as a new idea to through in....Wait till the last court rulings and get AVZ listed.
This might show the real value of AVZ and might work in our advantage.
Any thoughts?
most times the share price rallies steeply...shame AVZ is not listed atm.
But I was thinking, as a new idea to through in....Wait till the last court rulings and get AVZ listed.
This might show the real value of AVZ and might work in our advantage.
Any thoughts?
cruiser51
Top 20
I don't fuck around, I want one bottle of my favourite Gin for every 5 AVZ shares I own, fukwits.
I promised I would allow the markets to sort out the price, but it looks like the greedy fukkers are slightly lost, so they need a bit of a guide.
Samus
Top 20
Agreed Wino, if there are royalties involved it has to be on top of a healthy payout for the south and the North.
After that they can give us as much royalties as they like, the cream on top... if we ever see any of the money out of that shit hole place.
After this bullshit, if we never hear about the DRC again it'll still be too soon.
Now.
SRN starts with the letter I ( not 1)
LOCKY82
Regular
cheers mateSimilar threads
