Spikerama
Regular
Lately? Lately?!! Give me a fucken break, lately.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Lately? Lately?!! Give me a fucken break, lately.
Spikerama
Regular
If he does and he and Deboss all do very nicely out of this while we end up with chump change then there might be bit of a need to dig a bit deeper and go through some old communications because as far as I remember I don't recall either of them have a seat on the Board.
So why are they privileged with such information before other shareholders?
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Jens may have a line to the bat phone, but he's also been talking shit for years, and been so far off the money on so many levels that no-one should be persuaded by the lowball figures he's throwing around lately. I'd definitely assume he is trying to temper expectations more in line with what $'s Nige is hearing thrown around, but fuck that, and fuck delaying a single court case for any opportunistic mofo attempting to prey on our supposed vulnerabilities. Any offer below ATH needs to be given a stern "thanks, but no thanks, we'd rather see it through in the courts". Too much time, energy, and heartache has been put into this to throw it away to a bunch of vultures after having it stolen off us. Yes we all want our money, but we all also want to see the criminals lose everything and face justice.
Correct.
I guess Nigel must be itching to release the BFS Bankable Feasibility Study, which we didn't see yet.I remember that Nigel mentioned before our suspension that the BFS is nearly complete and will be released after the mining license is granted. The latest DFS was from April 2020 and was based on....In 2020 AVZ’s targeted annual production was 700,000 tonnes of SC6 (lithium / spodumene concentrate) which equates to over 100,000 tonnes of LCE (lithium carbonate equivalent) annually. That’s at least 33% more than what Arcadium is producing from its mines
That’s back when AVZ was targeting mining 4.5Mt of ore annually, then they looked at expanding to 10Mt annually so you can take that 100,000 tonnes of LCE annually and more than double it to over 200,000 tonnes of LCE annually
With all the drilling after the 2020 DFS a 10 Mt / per year operation is definitely on the cards. I would imagine the BFS would be a nice carrot to dangle in front of Kobold when it comes to negotiations......otherwise
Carlos Danger
Top 20
Obviously those with more shares will receive more total $$$. With an offer of $1 plus, everyone with a few million shares will get $5-$10 mill before taxes. Nigel resisted selling out to the Chinese for cents. I think he is trying to get the absolute best deal he possibly can.
If a $2+ offer is not coming, then it doesn't really benefit anyone to keep pushing for that figure and being angry when we don't get it. Everyone is aware that the alternative is going through arbitration and trying to recover assets over the next decade. We all know the challenges faced. A $1 to $1.30 is not a fair price for the project, but it beats arbitration for the next 10 years and recovering cents on the dollar.
Jens is not on a direct line anymore if you believe what is whispered in the wind. Trust issues ….??
Samus
Top 20
Sounds to me like we'd be better to proceed with arbitration instead of entertaining those sort of figures.
Get awarded our 10b+ compo and when the Americans start investing the hundreds of billions they're talking about, have the world bank seize the funds on our behalf.
They'd be better to pay fairly now.
Get awarded our 10b+ compo and when the Americans start investing the hundreds of billions they're talking about, have the world bank seize the funds on our behalf.
They'd be better to pay fairly now.
Well, one also has to factor in the court cases put DRC and any potential buyers back against the wall. The deposits huge, top quality, and efficient to mine compared with most Li deposits out there. Manono can ride the storm of lower Li prices which would weed out many others and just strengthen our position and result in higher Li prices, Manono could compete with any other Li mine out there and remain strong, and these fuckers know that (then add the efficiency of producing batteries in the country and its the ultimate weapon against Chinese price manipulation). If Kobolds CEO throffing at the mouth, and the Chinese's and DRC's extremely desperate attempts (along with almost anyone else who thinks they might get their hands on it) to steal the asset isnt a signal of how sought after this is then I dont know what is. It's ours legally, and I cant imagine any country in the west touching it while we pursue justice, we have the upper hand, give us ATH offers as a base or their yankee 'security for minerals' will be useless, and while we're talking about security for minerals need I remind Kobold that we hit ATH without that security and without the latest upraged resource size, so dont come in with your corrupt blackops pretending to be our saviours with your lowball tightarse offers thinking we are going to grovel on our knees for you to exploit us when we know how much our asset is truly worth.
ATH as a base offer to work off, or the court cases proceed. Without ATH as a binding base offer, and a non-refundable deposit in the companies accounts then not a single court case should be delayed by even one day. And even with your base offer, we will still entertain higher offers off anyone who has the money and the court cases will merely be delayed until we get all our money. These American billionaires need to know we are not their slaves, and we dont give a fuck about their security for minerals deal (which is just there to save Felix's fat fraud arse and fill the pockets of billionaires in America) if it results in our company being ripped off billions of dollars. In fact we can ride the storm and also benefit of the added security that will come with your 'security for minerals' plan. So If CATH or anyone else wishes to offer more money for our asset then we couldnt care less about you and your attempted manipulation of our situation. Place the highest bid above ATH or you wont legally be able to touch the asset and we'll continue to pursue justice
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Skar
Regular
Except that America are investing BILLIONS in Africa to get TRILLIONS out. There is no rush for a sale of AVZ... if Manono is not a part of the initial US investment, the US are still building the Lobito corridor... Kobold have many many other assets they are investing in in Africa (ours is just the best - thus it deserves a premium).
We can find another US partner down the line or we can proceed through courts with Cath. This perception of a rushed sale/last chance nonsense is pure propaganda. This is the START of a massive global shift, Africa investment from 2025+ will go parabolic, the population is growing, western ones are declining.
I don't expect our management to sell out shareholders cheaply now. Nigel has made it clear from the start he knows what he has. Dont let the tree shaking rob us all of a fortune. Transformation is happening.
Dave Evans
Regular
Fucken ridiculous bullshit from Jens.
A while back I changed from criticising Jens to supporting him but he is a panic merchant and this kind of talking down the share price should stop. It’s hard to imagine Nigel would be telling him behind the scenes to lower expectations and between him and August Cohen doing it I suspect KoBold is still trying to come in with a low-ball offer.
I’m fucken sick of posting on here about KoBold, things were better when shareholders just accepted we had litigation funding and were going all the way to the ICSID, before KoBold came along telling everyone they were buying us out. Fucken opportunistic wankers that were never around to support us when we needed it.
As you say @JNRB the risks have been lowered because the US has reportedly signed an agreement to provide infrastructure worth $6 billion towards the Lobito corridor, the US are working on peace and minerals agreements with the DRC and Rwanda and a security for minerals deal with the DRC, and they already have Erik Prince (former Navy Seal, Trump advocate and founder of the private military company Blackwater) operating in the DRC.
The US is already making it clear they won’t tolerate the corruption and lack of transparency so KoBold throwing in the old risk excuse is bullshit. The cunts have hundreds of billions in their own personal pockets and access to around a trillion if you throw in their already joint venture partner BHP, and Michael Bloomberg (who is the major shareholder in Bloomberg & a shareholder in KoBold) has already told us that Rio Tinto was in Kinshasa talking to the fat cunt and could be part of a joint venture with KoBold.
@hedrox I think the price used in the ICC claim that’s around $10 billion might be from the BFS
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Samus
Top 20
US7.5b that's a 25% discount on our damages bill and nearly tree fiddy.
Probably a good starting point.
RHyNO
Regular
And the math! The math and it’s poster smells like a Tassal feed lot
Kobold should use their precious AI to remind them of what 'fair value' is including 'partial compensation'. You got that Kobold, AUD$7.5b as an absolute BASE offer according to your own words, and that's just to get the ball rolling and start the auction.
They need to stop lowballing us, and Jens needs to bite his tongue for once
They need to stop lowballing us, and Jens needs to bite his tongue for once
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