AVZ Discussion 2022
- Thread starter GazDix
- Start date
Bin59
Regular
This morning I listened to a video of Dale Henderson (Pilbara Minerals) presenting at the Diggers & Dealers conference where he highlighted that we are still at the very beginning of the transition to EVs, creating strong demand for lithium / batteries for many years to come. The video presentation is worth watching (if interested) as a source of encouragement for what we have to look forward to in our journey to becoming a world class lithium (and tin) miner.
As frustrating as the wait has been, after watching this video I felt more confident that the time it is taking to get the ML will end up being a blip in time in the history of AVZ / Dathcom becoming a monster lithium producer
PS - PLS targeting 1mt pa
AVZ targeting 4.5 - 10 mt pa to start
As frustrating as the wait has been, after watching this video I felt more confident that the time it is taking to get the ML will end up being a blip in time in the history of AVZ / Dathcom becoming a monster lithium producer
PS - PLS targeting 1mt pa
AVZ targeting 4.5 - 10 mt pa to start
TDITD
Top 20
looking forward to the next oneFor the record I am back on my meds and have resumed normal transmissions
Also for the record it felt fantastic and cathartic to get that out of the system
Each to their own hey pones...
TDITD
Top 20
I'd like it to be mentioned in the Announcement upon our reinstatement that the DRC are looking to prosecute those motherfuckers responsible for the crimes involved around this project which has held it up.
I hope I'm not the only one that thinks it wont be enough just to have it confirmed we got 75% and are in talks with govt over 15%, we knew this all along, the criminal bastards must face justice here. Simon Cong, Cominere, Zijin, CAMI all those twats they can link to this.
This mine is going to be their biggest mine, great for the budget an economy locally and at a national level. They simply cannot let the corruption and breaking of laws around this project just slide its too big.
Frank
Top 20
Lithium: transformation in Manono?
The town of Manono is located 429.9 km from Kamina, capital of the province of Tanganyika.
This semi-rural town is living its moment of glory and for good reason, it is full of a deposit of 6.6 million tons of lithium.
A joint venture between AZ Mineral and Cominiere will carry out this operation, but the transformation can take place elsewhere.
Something that the natives of this city do not understand.
For them, this step must be done on site to allow the development of this region.
Manono's Lithium transformation is already being negotiated.
Indeed, on April 29, Zambia and the DRC signed an agreement on this subject.
A factory could be built either in the DRC, in Zambia or straddling the two countries, but this idea is hardly appealing.
Voices are therefore rising to demand the establishment of this factory in this city.
In a Podcast, Deogracias Ilunga Yolola, university professor and specialist in discourse analysis, deplores the establishment of the Lithium value chain elsewhere than in this city.
”The people who are making their voices heard and raising their voices more and more are right, because it is in their right to say what they think of this exploitation,” he said.
Electrical energy
The transformation of Lithium in a region will also impact its economy. Because it will need skilled labor. This will also inject dividends.
This will boost the economy, but, in addition, the natives will benefit from the transfer of skills.
How do you want to claim to transfer skills to the populations of Manono where we will exploit lithium by setting up the battery processing plant in Lubumbashi or Likasi? Asks the professor.
”Because in the international legal instruments, it is planned to locate the factories not far from the operating sites and it is to facilitate the transfer of technologies”, he says again.
However, setting up a mineral processing plant requires a lot of electrical energy.
For example, in the southern zone where the plant for the Lithium value chain could be established, there is a deficit of more than 700 MW, but it must be said that for the operation stage, Manono has a hydroelectric power station.
This, if rehabilitated, will produce 54 MW, but that will not be enough.
Reorganize Manono
Thus, for this transformation to take place on the spot, it will be necessary to reorganize many things, believes Deogracias Ilunga Yolola.
“We need a reorganization of the societal space of Manono to enable it to be ready to welcome this vast project and to derive all the necessary benefits from it”, he says. Thus, he thinks that Manono must have the necessary infrastructure.
The government must consider providing the necessary electrical energy.
”Because without electricity, all these factories will not be able to function. Manono needs a lot of water for this operation”, he explains again.
In addition, a university must be built there and it is with the aim of providing skills to local residents and the latter will then be able to participate in this exploitation.
“But also, build a good road to facilitate the evacuation of these minerals, and to receive other production inputs,” he says in conclusion.
Food for thought on the Road to Manono on a Friday my fellow SH's
Cheers
Frank
Frank
Top 20
For the record I am back on my meds and have resumed normal transmissions
Also for the record it felt fantastic and cathartic to get that out of the system
Each to their own hey pones...
Hey Wino, Just wondering, you on the same Meds as Me atm
John25
Regular
L
Looks too big to be taken orally Frank
ThisTimeWin
Regular
Remember......So Nigel and the board can employ lawyers to hold press conferences in Kinshasa where they outline AVZ's position in detail. As well as tweet about journalists visiting the Manono site, but they can't update ASX shareholders of these events through official announcements or do an interview (through lawyers if necessary) in English?
Pardon my French but that is merde de taureau
RDC/Mines: "AVZ n'a pas bradé ni pris en otage le projet d'étain et de lithium de Manono", Me Christian Lukusa (Droit de réponse).
À Election-net, nous sommes fiers de fournir des informations précises, opportunes et impartiales sur tous les événements en RDC et au-delàwww.election-net.com
View attachment 13358
The hold is up with CAMI not issuing the license according to AVZ's lawyers. They called for the personal involvement of President Tshisekedi three weeks ago at the press conference. It seems nothing will happen until he gets involved. We will be in suspension until he or someone else in the government decides to act. Hopefully they do so in our favour. Meanwhile we are very likely to be removed from the ASX200 and possibly the ASX300 for low liquidity over the last six months unless we trade again soon.
View attachment 13359
If this occurs then we could get every announcement we are waiting for with the BFS saying we will make billions a year and when we open the share price will likely go lower in the short term because funds are forced to sell.
I trust Nigel and the board will make the best decision for long term shareholder value. They have an obligation to and always have so far, but considering this suspension is taking far longer than they anticipated and the risk of being removed from the indices, they should be more transparent with shareholders imo
If those funds indeed have to sell they might want to ask back the shares they loaned out to shorters.
90M shares I believe. That's buying pressure.
TDITD
Top 20
fuck well that's no good, if we end up losing to Zijin and Dathomir then its gonna slip right out as soon as its put in.L
Looks too big to be taken orally Frank
John25
Regular
Samus
Top 20
Wino said he's on the mushies, so I can see why he's upset. He'll have realised the meaning of life and the secrets of the universe but still have no fucking idea what's going on at Manono!
Btw I'll take some of that, but intravenous rather than rectal thanks.
Need a real good hit.
" I never believed AVZ is staffed, experienced or capable to design , procure, construct and run the largest lithium mine and transport its product "
Cant say i agree with you there, Nigel and staff have got us to the ML decree stage rather nicely despite many obstacles i am sure and have brought CATH / CATL on board to utilise their vast experience in developing mines......so bases covered as far as i am concerned.
Now i may get scorched with what i am about to say next, but if i took the emotion out and just looked at the business at hand here, if Zijin does have a claim on the snack 15%, they have a good track record of developing mines too, now obviously no one knows what goes on in the inner sanctum of AVZ / DRC negotiations, but could there be a possibility that AVZ retains 51% control, CATH 24 % , Zijin 15%, DRC 10%, with Zijin paying DRC the balance of what is owed plus a pro rata sum of money to AVZ for the development / expense already under taken ?
Dont get me wrong, i dont trust Zijin as far as i can kick the bastards and my preference is to seek the 66% if it can be achieved, but if its going to settle relations on both sides and progress construction / production , whilst foregoing the long tedious ICC route, then maybe thats an option.
IMO of course.
I have no idea which way this will go, but in your scenario Zinjin would also need to compensate AVZ for the opportunity cost of losing the 15% of project and its future income stream. That would be a sizable amount.
Cheers
F
Correct me if i am wrong, but that extra 15% was never a given, it was to be negotiated.
Mr market valued AVZ as having 51% control up until the extended suspension.
Agree with you in the aspect that Zijin needs to compensate AVZ for devedlopment costs aleady spent plus an added premium of snacks for being a sneaky weasel...........
Aagh, who the fuck knows...........just gotta wait it out, meanwhile as @John25 has stated, lithium coys are turning the wheel nicely making some nice gains..
LTR 88 - 149, GLN 96 - 131, PLS 206 - 285, AKE 10 - 11.72 etc
FRUSTRATING indeed @Frank
imo
CeckRaiseFold
Regular
Agree - You paint a totally feasible and practical way out of this mess and probably preferred over a TO to maximise value in the long run through to production. It also covers the required mine building and operating skills in remote areas which I do insists AVZ does not have.
Winenut
Go AVZ!
They're rare but they're not badlooking forward to the next one
In a previous life many moons ago Optus received a serious expletive ridden rant and spray after a 2 year ridiculous dispute that I could no longer tolerate and finally had shit me to tears
The infamous "Optus letter" is still lovingly revered by my work colleagues at the time as one of the all time great "fuck you's" and often mentioned and laughed over at reunions!!!
Worked too.....never heard from Optus again!!
Sure, but my understanding is that AVZ had first call on this 15%, and proposed US$100m against Zijin's US$33m (of which only the deposit was paid in June 2021 anyway). Based on my limited understanding of this complex issue it follows that AVZ should therefore be compensated for the opportunity cost of lost value and income.
Of course the best outcome is that AVZ's claim on Cominnaire's 15% is upheld, and Zijin simply disappears up Kabila's fat butt never to heard from again.
Cheers
F
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mouseflying
Regular
According to the pervious ann, CAMI is operate under the supervision of the minister of mines.
3 month ago, Minister of Mines has already signed the ministerial decree to award the Mining Licence.
it seems that MOM willing to give us the ML,
and why CAMI under her supervision still pending with surface right calculation?
hopefully, it can be solved asap....
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