AVZ Discussion 2022

JAG

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Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)
Mate I'm hearing ya and agree with ya but seriously don't worry. You will be able to enjoy life once this is over. I can just see you now......;);)

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Winenut

GO AVZ!!!!
I do believe a TO will eventually materialise, I never believed AVZ is staffed, experienced or capable to design, procure, construct and run the largest hard rock lithium mine and transport its product. But IMO the company will never be allowed to be sold wholly to a Chinese entity, it would not get through FIRB. One of large Australian miners or international consortium is more realistic. The Chinese challenges IMO all revolve around % ownership of Dathcom and the ML tenement split, not AVZ TO.

However TO will not happen until a number of things fall into place to have clarity on the value of AVZ:
1) Clarity on the ML - what is covered, is CDL included or not - how much of the asset is covered for exploitation and how much under exploration, and with who
2) Ownership - does AVZ own 51%, 66%, 75% of Dathcom or something else
3) BFS on 4.5 and 10MTpa - put it out there how much AVZ thinks the asset is worth
4) MEZ - commercial / Tax regime
5) Further Off-takes?
6) Further drilling to increase resource base?
IMO we definitely need items 1, 2 and 3 to negotiate a TO.
Don't reckon any of this has to go through FIRB.

The key entity in all of this is actually Dathcom (not AVZ)

I don't believe Dathcom is an Australian domiciled company therefore it is not within FIRB's jurisdiction

If anyone want's to buy Dathcom they can.....assuming the current shareholders in Dathcom agree to the sale

The FIRB can't stop that happening

Happy to stand corrected
 
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wombat74

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Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)
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Mate have half a dozen stiff Whiskeys and stare at this photo .
 
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Nbaz

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Mate I'm hearing ya and agree with ya but seriously don't worry. You will be able to enjoy life once this is over. I can just see you now......;);)

View attachment 13328
Good God, one thrust as he'll turn to dust!
 
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Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)
Is he still in DRC?
 
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CHB

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Don't reckon any of this has to go through FIRB.

The key entity in all of this is actually Dathcom (not AVZ)

I don't believe Dathcom is an Australian domiciled company therefore it is not within FIRB's jurisdiction

If anyone want's to buy Dathcom they can.....assuming the current shareholders in Dathcom agree to the sale

The FIRB can't stop that happening

Happy to stand corrected
Yes you are correct in that - but discussion has been on TO of AVZ and people getting $1, $2, $3 for their shares. Only an AVZ take-over will trigger a wind-up of all shares on ASX and a pay-out of all shareholdings causing some people to fret about paying tax. I wonder why though because if you pay tax you made money??
These two (Dathcom and AVZ TOs) are being mixed up, and only the AVZ TO leads to an ASX/ATO/SH pay-out. TO of Dathcom does not and would be a bad situation for AVZ value because basically our holdings in Dathcom is the entire value of AVZ.
 
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DoubleA

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Yes you are correct in that - but discussion has been on TO of AVZ and people getting $1, $2, $3 for their shares. Only an AVZ take-over will trigger a wind-up of all shares on ASX and a pay-out of all shareholdings causing some people to fret about paying tax. I wonder why though because if you pay tax you made money??
These two (Dathcom and AVZ TOs) are being mixed up, and only the AVZ TO leads to an ASX/ATO/SH pay-out. TO of Dathcom does not and would be a bad situation for AVZ value because basically our holdings in Dathcom is the entire value of AVZ.

If Dathcom was sold could the end result not be quite similar?

If Dathcom was sold and the funds were then distributed from AVZ through a special dividend, then either AVZ would have to pay tax on the profits made within Australia and pay a franked dividend or AVZ dividend would be unfranked. A large amount of tax is taken out of the proceeds either way.

Then again if AVZ continued operations and looked for other projects without distributing the proceeds then shareholders could choose when to sell and manage their tax.

It is all hypothetical though.
 
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Frank

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Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)
* Fyi John, re:-Lit stocks are starting to rise now

Believe it or not, Chinese lithium prices are still trending upwards

Benchmark Minerals Intelligence says both technical and battery grade lithium carbonate on the Chinese domestic market ticked upwards in the last week, increasing by 0.3% and 0.2% week-on-week, respectively.

China is the world’s biggest lithium consumer.

Benchmark says pricing for LiPF6 has risen in recent weeks under strong demand, “which could be providing some upside to lithium carbonate prices as electrolyte feedstock producers compete for lithium units with consumers in the cathode value chain.”

“Benchmark recorded an offer in South Korea for battery grade hydroxide at $70,000/tonne (CIF Asia), amid reports spot market pricing outside of China has begun to soften, beginning to erode the significant premium that has developed for international transactions compared to the Chinese domestic market,” they said.

“Nonetheless, contacts reported to Benchmark that small spot market volumes of lithium hydroxide in Europe or North America could fetch nearly $10,000/tonne more than an order for lithium carbonate, amid ongoing concerns over availability, with ex-China hydroxide prices still reaching towards $80,000/tonne (FOB North America).”


Sayona says the restart of its North American Lithium (NAL) operation in Quebec is picking up speed – and is on track for first production of spodumene in Q1 2023.

Around 30% of the plant and equipment upgrade has been completed, including the arrival of a magnetic separator and crusher.

“With virtually all of the NAL operation powered by hydroelectricity, this is truly one of the world’s most sustainable lithium operations, an important ESG differentiator in an industry that aims to facilitate global decarbonisation,” MD Brett Lynch said.

The IEA says we need hundreds of new mines ASAP to meet EV battery metals demand by 2030​

The International Energy Agency (IEA) has just released a report and it looks like we’re going to need to expand battery and minerals supply chains 10-fold to meet government EV ambitions around the world.

Basically, we need 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030 to meet net carbon emissions goals.

“Additional investments are needed in the short-term, particularly in mining, where lead times are much longer than for other parts of the supply chain – in some cases requiring more than a decade from initial feasibility studies to production, and then several more years to reach nominal production capacity,” the report said.

“Projected mineral supply until the end of the 2020s is in line with the demand for EV batteries in the Stated Policies Scenario (STEPS).

“But the supply of some minerals such as lithium would need to rise by up to one-third by 2030 to satisfy the pledges and announcements for EV batteries in the Announced Pledges Scenario (APS).

“For example, demand for lithium – the commodity with the largest projected demand-supply gap – is projected to increase sixfold to 500 kilotonnes by 2030 in the APS, requiring the equivalent of 50 new average-sized mines.”



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Food for thought on the Long and Winding Road to Mining Manono Bro :unsure:

GLTA-AVZH's 🤞

Cheers 🍻

Frank (y)
 
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Samus

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View attachment 13306
2nd from the left, the Director of Cami.

They forgot to remove the price tag from Antoinettes new cup, which she prolly will use as a new tea cup.
Looks much more elegant than the cup from Hard quiz.

Looks like the director of Cominière didn't get an invite, prolly because he is only temping.
What's the award for? doing a shit job extremely slowly? :unsure:
 
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What's the award for? doing a shit job extremely slowly? :unsure:
I thought that Antoinette was shown the door amid a hint of corruption - did something change, or are my recollections poor?
 
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Nellie17

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Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)
G'day John, in my opinion Nigel & the board have been and are in a very awkward position with what they have been able to come out and say while we have been in suspension. Nigel has had to play his cards very close to his chest so not to give away the path he is going down to our 'opposition'!
As for Nigel not leading from the front, I 100% disagree with you. In my opinion, if it wasn't for Nigel's efforts AVZ would more of less been cactus! Hopefully when all this has been sorted out, shareholders will see and realise Nigel's efforts!
Cheers,
Nells
 
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John25

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G'day John, in my opinion Nigel & the board have been and are in a very awkward position with what they have been able to come out and say while we have been in suspension. Nigel has had to play his cards very close to his chest so not to give away the path he is going down to our 'opposition'!
As for Nigel not leading from the front, I 100% disagree with you. In my opinion, if it wasn't for Nigel's efforts AVZ would more of less been cactus! Hopefully when all this has been sorted out, shareholders will see and realise Nigel's efforts!
Cheers,
Nells
Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks
 
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DoubleA

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Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks
No, we absolutely should not be trading before the issues around the licence/project are sorted out. To start trading prematurely would just be playing right into the hands of the Chinese.
 
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CashKing

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Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks
He wasn’t at the casino today mate. Just saying 😉

Boats sold now so I can’t check the waters this weekend also, shitty weather anyway so I doubt he’ll be on the yacht.

I can possibly do a drive by to see if he’s busy renovating the house 🤔

Might just leave him a for sale sign in the letterbox to help with the sale IMO…

GLTAH
 
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John25

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He wasn’t at the casino today mate. Just saying 😉

Boats sold now so I can’t check the waters this weekend also, shitty weather anyway so I doubt he’ll be on the yacht.

I can possibly do a drive by to see if he’s busy renovating the house 🤔

Might just leave him a for sale sign in the letterbox to help with the sale IMO…

GLTAH
Cash …buddy did you check the high rollers room :)
 
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Nellie17

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Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks
Ok Nellie accept your post…but Nigel hasnt been sighted for going on 14 weeks ..just some PR pics with locals at the proposed mine site be nice …doesnt have to say a word …as far as we know could be back over here at the Casino betting Red/Black …we should be trading no excuses not to ,at minimum we own 51% majority so lets trade ..be different if these jokers werent payed for 14 weeks
I can see where you're coming from John, but the word I have it's been heads down and arses up for the past 14 weeks, with Nigel spending the majority of the time in Africa.
Where is he now a poster asked? Well definitely not at the Perth casino!
Cheers,
Nells
 
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CashKing

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Cash …buddy did you check the high rollers room :)
Nope because apparently saying I have heaps of cash but it’s all in suspension via ASX etc isn’t worthy of getting let in.
🤷‍♂️

GLTAH
 
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CashKing

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Obe wan if your here mate just stop playing with Gareth …. Come home & stay home 👍 this is where you belong, stuff those haters over there…

GLTAH
 
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Frank

Top 20
Come the 15/8 we’ve been in suspension for 14 F***ing Weeks & still nothing from Nigel (is he still around) or the ASX for a please explain for we are a top 200 ASX company .Back in Dec/Jan ,Nigel stated it was only a matter of days before a ML was to be granted …why arent we trading …accordingly we own anywhere between 51-75% …our money is tied up for what reason …We need the cold hard facts ,i think we deserve it …Lit stocks are starting to rise now …thanks for saving us on the slump but if we hold majority % why arent we trading …Sorry im a simplistic /patient person but my PATIENCE has worn awfully thin.FFS Nigel come out from under that rock you’ve been hiding & lead from the front ,we’re adults and can handle the truth…Rant over :)

*Unfortunately John,

The word of the Day, Week, Month to describe our current situation is Frustrating to say the least, especially when we should be past all this Shit and well on our way to Production and putting that lovely new Crane to work, I hope it's Not sitting there gathering Dust / going Rusty atm, as

Albemarle’s lithium sales surge after supply contracts renegotiated

Albemarle Corp, the world’s largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices.
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The results reflect the rising demand for lithium as the auto industry begins to pivot its manufacturing base toward EVs, a shift that has given significant pricing power to mining companies.

Compared to last year, Albemarle now expects the price at which it sells its lithium to jump at least 225% in 2022 and adjusted profit in its lithium division to rise at least 500%.

“We have shifted our lithium contracting strategy to realize greater benefits from these strong market dynamics,” Albemarle Chief Executive Kent Masters said in a statement.

Shares of the Charlotte, North Carolina-based company jumped 4.4% to $250 in after-hours trading. :rolleyes: o_O:eek:

The company reported second-quarter net income of $406.8 million, or $3.46 per share, compared with $424.6 million, or $3.62 per share, in the year-ago quarter.

Excluding one-time items, Albemarle earned $3.45 per share.

By that measure, analysts expected earnings of $3.26 per share, according to IBES data from Refinitiv.

Adjusted profit in the company’s lithium division more than quadrupled, though adjusted profit in the catalyst division, which sells to the oil refining sector, fell more than 50%.

Albemarle said its lithium production this year should rise at least 20% and that expansion projects in Chile, Australia, China and the United States are on track or ahead of schedule.

Albemarle rival Livent Corp on Tuesday said that General Motors Co would prepay $198 million for a supply of lithium that will not begin until 2025.

Livent profit jumps on rising lithium prices; 2022 forecast raised

Lithium producer Livent Corp posted a nearly tenfold jump in quarterly profit on Tuesday, and raised its sales and profit forecast for the year due to rising prices of the electric-vehicle battery metal.
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The company reported second-quarter net income of $60 million, or 31 cents per share, compared with $6.5 million, or 4 cents per share, in the year-ago quarter.

Livent announced a supply deal with General Motors Co last week. On Tuesday, Livent said that deal includes a $198 million prepayment from GM, to be made this year.

Climate bill would put US back in global race for EV leadership

This week, everyone working on energy and climate issues in the US is intensely focused on the Inflation Reduction Act, looking for smoke signals as to whether it will pass and if any modifications will be made.
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The bill is a potential boon to many sectors of the green economy, including electric vehicles. Here are my team’s takeaways on some of the important EV-related aspects of the bill:

www.mining.com/web/climate-bill-would-put-us-back-in-global-race-for-ev-leadership/

Outlook​

A sense of scale is important here.

The bill would extend EV tax credit availability out to 2032.

Over that period, BNEF expects around 175 million light-duty vehicles will be sold in the US.

As it stands now, a sizable and growing portion of those will be eligible for a tax credit.

There’s lots more to process — BNEF clients can access our full initial take here — but my initial feeling is that the bill, coupled with the stricter fuel-economy regulations the Biden administration is putting in place, should put the US right back in the race for EV leadership.

China is off to a very strong head start, but these are still early days.

Don’t count the US out.


www.mining.com


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The-future-is-Electric !!!.jpg



Food for thought my friend :unsure:

Hang in there Bro (y)

Frank 🤞
 
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