Here’s the rest of his Tweets: (2-17)
Standard Lithium (USA) in Q4-22 (i think) they are now in Court defending defamation lawsuit. Boatman report had two of the same arguments (showing partial info. and providing outdated info.) as in Blue Orca report, amongst other nasty allegations
Nobody, cognitive and sane, denies the decline from $1.32 to .78 @th was from the fear of the false Dathomir and Commenier claims. Boatman instrumented and misled a large portion of retail shorters and a few institutional shorters caught off guard by the TH.
AVZ has repeatedly stated they are legal 75% owner so why the TH? Rather pay up the surface rights to CAMI and get the rubber stamp for the licence to mine. This is preempting. IMO CAMI has sent the surface rights bill to AVZ for 36 or 51% ownership.
Nigel knew this day would come ("he will deal with it when he reaches the bridge" - by stating "or else we will go to the Court to get it (ML)" during the Canter Fitzgerald fireside chat interview in Nov-21 during the first 10 min. (please watch again).
That really got my attention why would MD use such a scary word "go to Court" (to a global and US audience) a few weeks after a cornerstone CATH deal is secured! Nigel was right, the inertia within the DRC corruption cleansing mega task was holding him back.
Now the surface rights bill (a few thousand USD is to be paid on 36, 51 or 75. Whatever number is picked from these three gets "written on stone" and is legally binding & which importantly determines the major shareholder(s) of Dathcam for the next 51 years.
Nowhere for Dathcom to go as the brakes are applied by the CAMI to a screeching halt for a determination to be made that monetarily affects all shareholders (AVZ hit hardest) and hence the trading halt (incl. ASX legal requirements)...
It is okay to rush through the process in a hush hush manner for a 51% (
#Zijing being out) majority ownership and get the licence, get the $240 million from CATH and rest of debt funding, release the FDI, followed by BFS (catapulted the SP) and go mining...
A professionally run entity that has a monster-beast in resource (quantity, quality, purity, at surface) & for a mineral (lithium) whose super-cycle began in early 2020 catapulted by the thematic macro backdrop, never rushes into ownership establishment. ...
It takes as much time and money as reasonably needed to address the root cause(s) so it never has the "soil and water" to reemerge in such predicament. This is what
$AVZ $AZZVF ticker is going through and BoD wants it just this way.
... if Boatman and other serious Instos. shorters get third-degree life threatening burns (instead of first and second) from this TH fire, then so be it.
...AVZ will take all the necessary time to resolve each and every (even if a minor admin. or proactive legal concern) issue, nailing the coffin of corruption with
#DRC's full support, one nail at a time, until the last one has been hammered deep.
And if this takes 2 months or 6 or 12 or 15 (but < 24) - it does NOT (and should not) matter. What is important here is to set the precedent (for the first time in the "new" DRC) that foreign orgs. are now welcome with their knowledge, experience & money.
... darling community, do not worry unnecessarily, we are NOT losing time. The project is accelerating the day lithium super cycle began to this day, when man-camp is getting built, crane machinery is getting on-site, engineering tenders are preworked out...
... roads and bridges getting repaired, and important studies (ESG, Collab., power plant, SEZ, etc.) and expansion scenarios (Li2H, PLS) are getting completed (early $79M cap. raise) to be legally released after ML. So, yes no one is losing time, sit tight.
Caution: These 17 messages are my own interpretation of facts subjected to various perceptions from professional experience. This is not financial advice on
$AVZ or
$AZZVF or to defame Blue Orca and Boatman, other than use of public info sources.
(End of the 17 tweets)