AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hodlandwin69
Regular
Sounds like. Say we end up with 60% and cominiere get away with selling 15% and dathomir get their 15% back. CATH will get 30.5% stake in manonon indirectly. So AVZ via GLH will hold 60% with CATH having indirect exposure. Technically they have a higher ownership of 30.5% (more than half ours) but it's indirect so they still answer to the board I guess.....
But yeh hopefully we end up with at least more than 60%....
thanks for the response. I wonder how this will play out with the voting rights etc.
but it seems a good news at first glance but with most things Chinese there is always a longer-term goal here that is in their best interests. They want complete control and having more influence and voting rights could sway for a cheap takeover vote at a later date.
but at least things are progressing. I wonder if the company advertising it won't need Locke means we have already closed that option? crazy to do IMO. I'd have liked to keep that open but just don't draw down on it if games are played... and money goes ":missing"
TheCount
Regular
There is also discussions surrounding Saudi, UAE etc sniffing around.
The latest 3 videos from 121 Mining reveal some basic info, here's one....
121 Mining on M&A
TC.
Ashlee
Regular
Maybe AVZ will re-list on Singapore market.I was worried I'd made a mistake somewhere in my roughing it out, and very glad the correction aparently works in our favour
Curious why the change though.
Hodlandwin69
Regular
CATH is its own independent company. Regardless of their friendliness or not with the board, they are obliged to vote and act in the best interest of their own company, which I guess, at the time, was with MAGA. They were probably promised something good if MAGA won and probably thought AVZ was dead, but now AVZ is alive and they're on board I guess. CATH had no reason to go down with, what they thought, was a sinking ship.
Do we crucify them for abandoning us out of spite, or just make it water under the bridge as long as they support us? I for one would like a big CATL associate batting in our corner with likely fully sorted offtake agreements by the time we are producing (it we get there)
Xerof
Have a Cigar 1975
Relationship Deed
The relationship deed between AVZ and CATH provides for:
- a restriction on any disposal of AVZ shares by CATH (or any of its associates) to certain prohibited
parties; Zijin, MAGA cunts
- an undertaking by CATH (and each of its associates holding AVZ shares) to extend certain agreed
supports to AVZ; and vote in favour of resolutions
- for CATH to provide reasonable assistance to AVZ in respect of certain shareholder-related
proceedings. Fund WASC proceedings v MAGA cunts
The relationship deed between AVZ and CATH provides for:
- a restriction on any disposal of AVZ shares by CATH (or any of its associates) to certain prohibited
parties; Zijin, MAGA cunts
- an undertaking by CATH (and each of its associates holding AVZ shares) to extend certain agreed
supports to AVZ; and vote in favour of resolutions
- for CATH to provide reasonable assistance to AVZ in respect of certain shareholder-related
proceedings. Fund WASC proceedings v MAGA cunts
I like this bit : "AVZ and CATH have agreed to work collaboratively to constructively engage with the DRC Government to secure and accelerate the development of the Manono Project."
Looks to me like we have found a way to satisfy a possible negotiated outcome . Zijin/CCP get their slice , The DRC Gov avoid the ICSID and AVZ get out of this f--king Mess .
Looks to me like we have found a way to satisfy a possible negotiated outcome . Zijin/CCP get their slice , The DRC Gov avoid the ICSID and AVZ get out of this f--king Mess .
BRICK
Top 20
Rather re-list in the US of canada, panama and greenland
Despite some reservations about this situation and parts of the announcement, i think that, on the whole, this is a positive development.
Having a big player like CATH/CATL backing our play and agreeing to leverage their influence on the DRC government could be the game changer we need. I was growing concerned that DRC were willing to go through the full ICSID process and then delay and obfuscate for many years after an award, tiring us and our funding out until we eventually accepted a Lowball settlement. However, this seems like it could present a way out in which all involved could get a slice of the pie. This may result in a negotiated outcome.
Glencore has operated effectively in DRC in part due to its involvement with its partner Zijin, perhaps a similar relationship with CATH/CATL is what we need to progress the Project forward.
I mean it's a good deal for CATH, but they've got the leverage, not us. It's also probably a bit of a master-stroke by the Chinese in that they'll likely control the output of Manono's entirety despite who succeeds. Bets are hedged. But they're no slouches in business and resource control! And hell, nobody has stepped up to resolve this to suit their own interests, like Aus/US, so this may well be in our own current best interests - certainly in comparison to the existential risk of being frozen out entirely.
This is as hopeful as I've been in the last two years.
One side point - i wonder if Locke will push back at all, given that an agreement with a minimum repayment spend of 10m was agreed. Will see i guess.
INTERESTING TIMES
Ashlee
Regular
And the DRC potentially get to realise their dream of Battery Manufacturing.
Agree Wombat
Most important now is CATH provides a major criteria in DATHCOM receiving a mining license .
Ability to fund mining with off takes.
Whether it is only for Roche Dure or Zijin pay a fair price for Carrier ??
Very positive for AVZ and its shareholders.
China finally comes to its senses and realises that illegal mining of Monano has far greater implications .
Now when will a mining license be granted before court arbitratration ?
Frank
Top 20
That's just for you Count - couldn't help myself, been a long while since Bart made an appearance
Not to mention my old mate Homer
GLTAH's
Cheers
Frank
Well fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
For once, the word " imminent " was on the money......
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Remark
Top 20
I definitely wasn't expecting this one Beish, talk about a left field announcement!Well fark me, Deboss did warn me this announcement would be a bit of a head fuck ......
View attachment 75534
yet
For once, the word " imminent " was on the money......
Great news IMO, there's life in this old dog yet.
First steps get in charge of 13359 and acquire the ML.
Keep ICC and ICSID arbitration cases going until the above achieved, signed and sealed in fucking blood.
To progress the arbitration cases, funding was required by end of month, early February.
The move of using GLH is to keep the Australian Government out of the picture because GLH is a Singaporean entity.
The Australian Government interests are to protect Australian mining.
To expect them to lift one finger to get Manono up and going was never going to happen.
Is it a good deal?
Locke funding was made as an interim, but I believe this deal to be better.
Locke held all the cards and could screw us completely over.
They aren't silly and had put a huge price on the risk they were prepared to take.
I would have been also very careful to go into sea with them.
I had in the back of my mind, this looks like a fucking Cash Converters type of deal, but it was needed at the time.
On the surface the deal with Cath seems to be much more advantageous, because it gives funding to continue with the arbitration cases and guarantees funding to build the mine.
A requirement for the ML.
Soooo
It looks like Zijin's so called announcement to start mining early 2026 seems to be a tactical move in this chess game.
They found out the Cath deal was about to happen.
It is in my eyes the exact reason that AVZ has to continue to keep its cards very close to its chest.
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