AVZ Discussion 2022

[BEISHA]

Few points from the Germany presso. Short summary captured below. Further comments are on the site that must not be named, from those who attended.

We just need to sit back and relax. News coming out of the DRC is still very positive regarding their battery ambitions. Whilst it is frustrating the wait, I'm sure it will unfold soon enough

View attachment 5189

Thanks Sammy for that !

It appears that the only entity trying to fast forward Manono is AVZ.

Despite no ML, AVZ still doing the heavy lifting by committing $25m for earthworks and other preparations for construction of mine, meanwhile Cath & DRC Govt still sitting on their hands .......surprise, surprise.

Its no wonder that investors are a little skittish !

imo

 

[BEISHA]

Thanks Sammy for that !

It appears that the only entity trying to fast forward Manono is AVZ.

Despite no ML, AVZ still doing the heavy lifting by committing $25m for earthworks and other preparations for construction of mine, meanwhile Cath & DRC Govt still sitting on their hands .......surprise, surprise.

Its no wonder that investors are a little skittish !

imo

Dow futures up 600 pts last night.............AVZ should get a bounce today.

imo

 

[Sammy_da_Smile]

Yeh and the information stating CATH are waiting for ML is confirmed now from the presso. So that makes sense the extensions, though previous ann's stated this requirement to be waived, a little more info in the next extension would be nice.

I had been trying to find tenders and the like online for such pre work activities. Found nothing, though expected as much. I have no experience or knowledge in this field. No idea the process if someone has any background in it?

 

[Dazmac66]

Someone stumping 781,771 share on the sell side at $1.005. Someone getting a divorce by the look of that.

 

[Frank]

 

[BRICK]

gawd... to top up or not to top up... that is the question.

Edit... think i missed the bottom dammit

 

[Frank]

*To Remind,

Development of DRC’s electric battery industry, the FPI ready to support the African Center of Excellence​

Long decried as the Congolese Achilles’ heel, the FPI Industry Promotion Fund says it is ready to finance the bankable research projects of the African Center of Excellence for the Electric Battery Industry recently launched in Lubumbashi, capital of the province of Haut-Katanga.​

After the installation of the African Center of Excellence for the Electric Battery Industry by the Minister of Industry, Julien Paluku, Congolese researchers are invited to play an important role in this project.

For the Director General of the FPI, Jean-Claude Kalenga, his institution, which is considered one of the major partners in this major project, will urgently fund the African Center of Excellence.

“ We are the secular arm of the Government and our main mission is also to be able to materialize the Master Plan for the industrialization of the DRC. This instrument was made available to the Government through our supervisory minister. And we must intervene to give content to the development activities of our industry. Here we have a framework, an Order that creates this Research Center. he says.

And to add: “ We are waiting for them to present their projects to us. With speed, we will intervene to support and materialize them, because there is a window of opportunity offered to us, the DRC and Zambia ”, he indicated.

According to him, “ we are now looking for other alternative energies, among others, it is electrical energy through electric batteries ”.

He believes that the country must seize this opportunity of the evolution of the electric vehicle market to highlight its potential and make it benefit all Congolese.

The Minister of Industry, Julien Paluku, indicated that this project will mobilize sufficient means which are estimated in terms of billions of dollars.

According to him, this project aims to mobilize financial resources estimated at between 8 and 10,000 billion US dollars by 2030-2040.

“ The electric battery sector will mobilize enough resources which are estimated in terms of billions of dollars. I said previously that this project was between 8 and 10 Billion US dollars by 2030 and 2040 ,” noted the Minister of Industry, Julien Paluku.

Copperbelt Katanga Mining - African Copperbelt's Top Mining News

African Copperbelt's Top Mining News

copperbeltkatangamining.com

 

[Samus]

gawd... to top up or not to top up... that is the question.

Edit... think i missed the bottom dammit

Top up mate!
I would have been if customers would pay their bills on time

 

[Samus]

Top up mate!
I would have been if customers would pay their bills on time

Having said that, it would likely mean some short term pain before it pays off @Cashcity knows what I'm talking about
Every fucking time guaranteed!

 

[BRICK]

Top up mate!
I would have been if customers would pay their bills on time

I hear you! i topped up on that dip back in January and have another one in a bit lower than this current price so lets see where we dip before the shorters begin to exit!

 

[Samus]

I hear you! i topped up on that dip back in January and have another one in a bit lower than this current price so lets see where we dip before the shorters begin to exit!

Way I see it, we've come this far and taken the risk. Logic dictates that this well could be a very good buy price moving forward. Shatter the average sure but I've already done that all the way up to 75c personally.
No advice of course.

 

[BRICK]

Way I see it, we've come this far and taken the risk. Logic dictates that this well could be a very good buy price moving forward. Shatter the average sure but I've already done that all the way up to 75c personally.
No advice of course.

hahah yeah Its been a long roller coaster ride ride since 2017 and im just annoyed i didnt buy more in 2019 at 4.5c

 

[Samus]

Ditto mate, still not quite reaching my target number of shares and its getting bloody expensive to get there.
I think last time I bought some around 75c the price dropped back to almost 50c or some such
Been a similar story all the way up for me so nobody should probably listen to anything I say
I thought I picked the bottom once but it went up the next day and then dropped about 30% over the next week

 

[Winenut]

Anyone want to hazard a guess on the SP once the ML drops which I believe will happen within the next trading week?

I'll kick off with one fiddy minimum

 

[CHB]

On the day itself, up 10%

 

[Samus]

Anyone want to hazard a guess on the SP once the ML drops which I believe will happen within the next trading week?

I'll kick off with one fiddy minimum

Thats my thoughts too Winenut but with the blatant manipulation we've seen recently including the smashing down of the whole lithium sector by coordinated assault, honestly I'm fucked if I know any more. One thing for sure this will be a good price at some stage moving forward if all the expected news drops.

 

[Winenut]

This puppy got to $1.365 without a ML

I agree anything under $1 with the announcement about to drop in hindsight will be seen as a good buy

 

[BEISHA]

Anyone want to hazard a guess on the SP once the ML drops which I believe will happen within the next trading week?

I'll kick off with one fiddy minimum

lol, how many times now you have been predicting the ML to drop now ?

TBH, if AVZ has to wait 30 business days to get ML officially via a court of law owing to the fact they have achieved all mile stones to achieve it plus they are doing prelim for construction, i would say that is fucking rude and unprofessional of DRC govt.

Nigel has done an outstanding job and should be paid the respect of recieving ML in a proper / official setting befitting his hard work in a very difficult part of the world where english is not the native tongue and whereby the wheel turns ever so slowly to get projects off the ground in an ethical manner.

Once, ML eventually drops, then followed by updated DFS, SEZ, FID, BFS ? ............Surely closer to $2+ in due course.

imo

 

[BRICK]

Anyone want to hazard a guess on the SP once the ML drops which I believe will happen within the next trading week?

I'll kick off with one fiddy minimum

lol, how many times now you have been predicting the ML to drop now ?

TBH, if AVZ has to wait 30 business days to get ML officially via a court of law owing to the fact they have achieved all mile stones to achieve it plus they are doing prelim for construction, i would say that is fucking rude and unprofessional of DRC govt.

Nigel has done an outstanding job and should be paid the respect of recieving ML in a proper / official setting befitting his hard work in a very difficult part of the world where english is not the native tongue and whereby the wheel turns ever so slowly to get projects off the ground in an ethical manner.

Once, ML eventually drops, then followed by updated DFS, SEZ, FID, BFS ? ............Surely closer to $2+ in due course.

imo

Yep i agree. might shart a little to start off with but;

Exiting shorters are like having the shits.

You get a big run

 

[Winenut]

lol, how many times now you have been predicting the ML to drop now ?

TBH, if AVZ has to wait 30 business days to get ML officially via a court of law owing to the fact they have achieved all mile stones to achieve it plus they are doing prelim for construction, i would say that is fucking rude and unprofessional of DRC govt.

Nigel has done an outstanding job and should be paid the respect of recieving ML in a proper / official setting befitting his hard work in a very difficult part of the world where english is not the native tongue and whereby the wheel turns ever so slowly to get projects off the ground in an ethical manner.

Once, ML eventually drops, then followed by updated DFS, SEZ, FID, BFS ? ............Surely closer to $2+ in due course.

imo

Yes I've predicted the ML dropping many times.....eventually I'll be right!!!!

You won't have to wait for the court to get the ML

The minister will sign it off.....she wouldn't want to miss out on all that glory now would she?

Definitely interested in the announcements that should follow on from the ML and agree we could be looking at the $2 mark when they all come through

Great time to be holding

You'll be giving away that tradie day job very soon I'm sure