Dave Evans
Regular
@Jongo, very good summation of the progress being made. Given DRC refuse to engage with AVZ, it’s the only way this can progress, without waiting for ICSID.
We will still need to win the Dathomir 5% case in December though to cement in the 75%. Then we have to see the DATHCOM JV acknowledged as still in play, settle on the demarkation line for the 13359 split, if there is to be one (all indications are there will be), Power station, compensation from Zijin etc etc
Would we sell them our FROR to Cominiere’s 15% ?
So many questions - no answers
Regarding the Dathomir 5% and the FROR 15%, I suspect that due to the DRC and Kobold urgency to finalise, Kobold and AVZ will take a pragmatic approach. That is, assume that AVZ will win all of the court cases and factor that assumption into the fair value calculation for AVZ to drop the ICSID and ICC cases.
Do you (anyone) have any details on what the agreement signed is or is this just a nothing agreement "kobold are going to explore DRC for minerals"?
Obvious elephant it didn't mention Manono or AVZ, I haven't seen any mention of titles, areas, targets or the like.
My opinion is the only reason that these arsewipes decided to finally agree on this is because AVZ resumed the ICSID case against the DRC and apart from that putting pressure on all of them, the price of lithium is starting to go up sharply again and they want a deal done before the price goes up further
Have a look at who’s in the photo. Lucy Tamlin, Kizito Pakabomba and Popol Mabolia Yenga (recently replaced DG of CAMI). Lucy is the only one there with any credibility
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