AVZ Discussion 2022
- Thread starter GazDix
- Start date
marksmann007
Regular
Child Labor and Human Rights Violations in the Mining Industry of the Democratic Republic of Congo
Please join the Tom Lantos Human Rights Commission for a hearing on “Child Labor and Human Rights Violations in the Mining Industry of the Democratic Republic of the Congo.” The Convention on the Rights of the Child recognizes the “right of the child to be protected from economic exploitation...
obe wan
Regular
The administrator for updating the DRC Mining Cadastre Portal, must have been off sick yesterday, as it hasn't been updated overnight.
It has been ticking along, as being updated everyday since they started running with that process, a few weeks ago now.
Odds on for an extension for a few more days I reckon
It has been ticking along, as being updated everyday since they started running with that process, a few weeks ago now.
Odds on for an extension for a few more days I reckon
Sammy_da_Smile
Regular
This was posted by an internal Zijin staff. Possibly some negotiations happening behind the door...
Is it possible for AVZ to reach a deal with Zijin Mining to let Zijin Mining lead the development of the Manono Lithium Mine? It turned out that according to AVZ, after transferring part of the equity to Tianhua Times at a price of 240 million US dollars, it will also hold 51% of Manono. Now, due to Zijin's intervention and the illegality of past transactions, the transaction of the transfer of Tianhua Times is likely to be yellow. So now AVZ can reconsider transferring Manono's equity to Zijin Mining and let Zijin lead the development. After that, Zijin Mining held 45% of the shares, AVZ held 45%, and the Congolese local government held 10%, so that the mine could break the dispute and restart. The key to the success of the program is a win-win situation. The plan I propose is that Zijin pays AVZ USD 500 million, then compared to the original plan, AVZ will only reduce its stake in Manono by 6% when it gets an extra USD 260 million. I wonder if Zijin and AVZ can have a good talk at the negotiating table?
Is it possible for AVZ to reach a deal with Zijin Mining to let Zijin Mining lead the development of the Manono Lithium Mine? It turned out that according to AVZ, after transferring part of the equity to Tianhua Times at a price of 240 million US dollars, it will also hold 51% of Manono. Now, due to Zijin's intervention and the illegality of past transactions, the transaction of the transfer of Tianhua Times is likely to be yellow. So now AVZ can reconsider transferring Manono's equity to Zijin Mining and let Zijin lead the development. After that, Zijin Mining held 45% of the shares, AVZ held 45%, and the Congolese local government held 10%, so that the mine could break the dispute and restart. The key to the success of the program is a win-win situation. The plan I propose is that Zijin pays AVZ USD 500 million, then compared to the original plan, AVZ will only reduce its stake in Manono by 6% when it gets an extra USD 260 million. I wonder if Zijin and AVZ can have a good talk at the negotiating table?
TDITD
Top 20
Hoping for extension, shorters burn more and more time for lithium sentiment to strongly rebound.
Also we haven’t got so much as a peep from the DRC over ownership issues or Cominiere employees experiencing the consequences of unlawful behaviour. Essentially I couldn’t give a rats over suspension it’s my dam investment I’m concerned over.
Also we haven’t got so much as a peep from the DRC over ownership issues or Cominiere employees experiencing the consequences of unlawful behaviour. Essentially I couldn’t give a rats over suspension it’s my dam investment I’m concerned over.
Remark
Top 20
Sammy_da_Smile
Regular
So that would cut CATL out completely?
I would be shocked if we are negotiating with Zijin especially after the shit storm of them apparently stealing 15%.
Bray
Regular
Trading in the red has to be better than not trading at all. We know the fundamentals are there, it’ll recover as will the whole lithium sector.
Keeping people’s money locked up is not the answer
TDITD
Top 20
How about CATL and Zijin both buy us out…..$3 a share you snack throwing corrupt knob jockeys
You two can work out the percentage.
TDITD
Top 20
We will have to agree to disagree there mate. I’m not for giving the short campaign we’ve had against us a win.
The ownership of this project is a big issue and Im more than happy to be in suspension until what we thought we had is proven to be true, a bonus would be to get that extra 15% and then also while in suspension we can sign off on the CATL deal and come out of suspension with 66% and CATL our new partners at 24%…..that makes so much more sense to me as a long term holder.
If we then drop SP, as you say the fundamentals are there.
The last arbitration update on the 17th of June stated it should take around 4 weeks for the ICC to decide on 1 or 3 arbiters. We are at 4 weeks now so I expect an announcement on that and a continuation on the suspension based on no mining license awarded as yet(because of ownership dispute)
Xerof
Flaming 1967
Not sick, went out to get some more snacks
If that is legitimate I don't see it as a bad thing. Firstly it would just be someone within Zijin trying to come up with a solution. If they are going over this then they are clearly aware that AVZ has legitimate ownership. On top of that, its just a suggestion. It could be 600m USD for 25% after negotiations. Any company wanting to buy us out is good for the SP and public opinion.
Xerof
Flaming 1967
Zijin cannot be trusted. Take my word for it (and @Misfits too probably) There is history, and it's a shocker to understand the ends they go to to connive and deceive.
The only satisfactory outcome IMO, is to rid the DATHCOM share register of them, pick up that 15%, and proceed to pass GO for shareholders with the original plans. AVZ have ambitions far greater than just a source of Spod.
Extend for as long as it takes please Nige.
Said it before - Z in, X out, with Y fronts on
The only satisfactory outcome IMO, is to rid the DATHCOM share register of them, pick up that 15%, and proceed to pass GO for shareholders with the original plans. AVZ have ambitions far greater than just a source of Spod.
Extend for as long as it takes please Nige.
Said it before - Z in, X out, with Y fronts on
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