Well in my view Wombat, CATH gave us the $20million (US dollars no less) to fight the cases in arbitration, they also proposed a JV partnership and proposed an arrangement where they pay for the project’s development. CATH also offered us an option to purchase up to 49% in a lithium hydroxide or carbonate conversion plant built by them. Remember CATH is in partnership with CATL, the world’s biggest lithium battery manufacturer.
What have KoBold offered us, fuck all. They’re mouthing off all over the place about how great they are and how they are negotiating with the DRC. The only mention they give us is a questionable reference to us being in a legal dispute.
With the help of the DRC, they illegally tried to access our core library without AVZ’s permission, and they have shown they are desperate to get ownership of Manono but won’t come out with any sort of reasonable offer.
It’s absolutely laughable to suggest that the US wants to develop the Lobito Corridor and bring peace as an act of benevolence, they are just desperate for the critical minerals and Roche Dure’s 842million tonnes of 1.61% Lithium Oxide
They were no where to be found when we were looking to secure litigation funding but once CATH gave it to us KoBold came scurrying out of the woodwork with bold statements talking themselves up.
Personally, I don’t trust KoBold and think we should go through the litigation process to strengthen our position and force all those fuckers to make an offer AVZ shareholders think is fair
You and I have both criticised KoBold, while I think many others see them as white knights.
I've nothing to add to your excellent analysis, but would just comment that all of the US remarks around security for minerals reminds of Zelensky in the Oval Office being insulted and threatened on precisely that opaque ' deal '.
There, no mention was made about any holders of exploration or mining permits and their rights.
It was a given that USA would just take what they could bully Ukraine into conceding.
The only difference here is that FT does not have the balls or desire of VZ to fight for a just outcome.
AVZ holders need to stop deluding themselves that any alleged ' suitor ' will willingly pay top dollar for control. That is not generally how business works.
If it does happen, it will be on the eve of ICSID at the very earliest and will be based on geopolitics.
It is also possibly in KoBold's interest that we lose.
Be aware that when you're reposting X, instagram etc comments around KoBold and US government actions. you are validating US interests.
These nterests are not necessarily AVZ interests.
NF and BoD will be very well aware of all of this and will be attempting to play these alleged suitors off against each other.
In my mind, the issue is how much US and China are prepared to compromise with each other and each take part of Manono?
FT would probably be happy with such an outcome.
Be sure that neither side is interested in right or fair compensation for AVZ, despite the corporate bs. Does anyone seriously think that they want to give AVZ a single cent more than they need to?
I suspect that Trump wants it all ( for a ' win ' ).
If that is the case, to continue the Zelensky analogy, AVZ probably holds better cards.
Whatever is in the works, there's very little chance of ICSID and other court cases not running for months or, possibly, years.
Manono is simply too large for both US or China to be happy with less than 100%.